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Recent stories from sustg

  • The Secret History of America’s Thirty-Year Conflict with Iran
     

    A new book on the long confrontation between the US and Iran blames the George W. Bush administration for squandering opportunities to improve relations with Tehran and invading Iraq in 2003 without recognizing that Iran would wind up being the power broker in that country. These criticisms are remarkable given their source: David Crist, author […]

     
  • Graph of the Day – Saudi Oil Production Since 2008
     

    Jadwa Investment’s recently released Chartbook for the month of August 2012 found that  the Saudi Arabian economy overall remained “robust.” Included in that report is a look at the oil sector in Saudi Arabia. Oil prices “climbed in July because of renewed political tensions with Iran and rising global stock markets,” Jadwa noted.

     
  • Saudi students to establish Islamic center at Murray State University
     

    Saudi students at Murray State University in Kentucky have received a license to establish an Islamic center where they can organize cultural and social programs along with observing religious rites. Saudi students had been performing their prayers and Iftar in a rented building in which other Arab and Muslim students participated. The city’s mayor and […]

     
  • Jadwa Saudi Chartbook: Inflation at 10 Month Low
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of inflation in Saudi Arabia, Jadwa found “year-on-year inflation slowed to a 10-month low in June, owing to a fall in rental inflation. Most other components of the cost of living index were little changed […]

     
  • Obama authorizes secret U.S. support for Syrian rebels
     

    President Barack Obama has signed a secret order authorizing U.S. support for rebels seeking to depose Syrian President Bashar al-Assad and his government, U.S. sources familiar with the matter said. Obama’s order, approved earlier this year and known as an intelligence “finding,” broadly permits the CIA and other U.S. agencies to provide support that could […]

     
  • Jadwa Saudi Chartbook for August 2012: Banking Indicators
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of banking indicators in Saudi Arabia, Jadwa found that “bank lending to the private sector jumped in June. Monthly growth was the highest since August 2009. In year-on-year terms it was at its peak since […]

     
  • ‘There is a large infrastructure boom happening in Saudi Arabia’
     

    Saudi Arabia is spending more than $60 billion on a logistics hub, airport improvement and roads to reduce travel time in the Arab world’s biggest economy. The investments also yielded the largest sukuk, or Islamic bond, offered in the Middle East this year and an initial public offering on the stock exchange in June. “There […]

     
  • Wealth Management in the Middle East: Boon or Bust?
     

    Middle Eastern policymakers and bankers will develop an indigenous wealth management industry which keeps the super-wealthy’s investments at home. Developing a local national wealth management industry requires letting in foreign competition, changing banking and securities laws, and growing local companies whose shares are worth buying. The first part of the article reviews trends in wealth […]

     
  • Saudi Students Flood In as U.S. Reopens Door
     

    The more than 300 graduates gathered at a hotel overlooking the Potomac River were all from Saudi Arabia, part of a massive government-paid foreign study program to earn bachelor’s, master’s and doctorate degrees and return home to help run their country. “You are the best of the best, and the future of our country,” Saudi […]

     
  • Saudi consumer electronics market surges
     

    Saudi Arabia’s consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and video, audio and gaming products is projected at $6.4 billion in 2012, Business Monitor International said in “Saudi Arabia Consumer Electronics Report Q2 2012″report. This is expected to increase to $8.2 billion by 2016, driven by the growing […]

     

MUST-READS

  • Middle East Needs Fairer Taxes to Aid Growth and Ease Inequality

    Jihad Azour, Priscilla Muthoora and Geneviève Verdier

  • Why Iraq remains without a budget in place

    Nearly ten months after parliamentary elections, Iraq’s political parties have still not managed to form a government, holding up the passage of important legislation—including the annual budget. Although the Ministry of Finance has completed a draft budget, the current government is unable to submit it to the parliament due to its caretaker status. Observers warn that a continued delay will prevent investment in critical infrastructure projects, hinder economic growth, and impede the government’s response to rising food prices.

  • Saudi Arabia Oil Pricing Signals Strains of Rising Competition in Asia

    Saudi Arabia is offering some of its crude at steep discounts to its flagship grade as flows of cheap Russian oil spark intense competition. The kingdom set the pricing of its Arab Heavy and Arab Medium grades at the largest discount to Arab Light since 2014 for August-loading cargoes to Asia, according to data compiled by Bloomberg. China and India are typically the major buyers of the discounted varieties, but they’ve increased purchases of Russian oil following the invasion of Ukraine earlier this year.

  • US envoy: “We are waiting to see whether Iran can get itself to cross the finish line”

    The United States assesses that Iranian decision-makers have not yet been able to reach internal consensus on whether or not they want to return to the 2015 Iran nuclear deal, US Iran envoy Robert Malley said in an interview with NPR. His comments come after US and European officials say Iran added new, overreaching demands at indirect US Iran talks held in Doha last week mediated by the European Union (EU) negotiators.

  • Saudi execs hunt EEC opportunities in first Thai visit for 3 decades

    A group of around 100 Saudi businessmen led by the Riyadh Chamber of Commerce visited Thailand’s Eastern Economic Corridor (EEC) on Monday to explore investment opportunities.

  • Explainer: Single stock futures trading on Saudi Tadawul

    Trading on Tadawul's single stock futures (SSFs) goes live on Monday for the largest and most liquid publicly listed companies. The first tranche includes Al Rajhi Bank, Saudi Aramco, Saudi National Bank, Alinma Bank, Saudi Basic Industries Corp., Saudi Telecom Co., Saudi Kayan Petrochemical Co., Saudi Electricity Co., Almarai Co. and Saudi Arabian Mining Co.

  • Princess Haifa Al Saud appointed Saudi Arabia’s deputy minister of tourism

    Princess Haifa Al Saud has been appointed Saudi Arabia’s deputy minister of tourism. The news was confirmed by the Saudi Press Agency on Sunday. Princess Haifa told of her happiness at taking on the role on social media.

  • Saudi Arabia Launches Aircraft Leasing Company Amid Aviation Expansion Mission

    To further accelerate its efforts to diversify the economy and boost non-oil-related economy growth, Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has launched a new aircraft leasing company called AviLease.

  • The Twitch Streamer Saudi Arabia Contract Controversy Explained

    Twitch as a platform is no stranger to controversy, with the huge amount of content creators on the service often making it difficult to keep track of the huge amounts of drama that ensues. While a streamer's on-stream conduct is often the source of drama in the way of resultant bans and suspensions, the sponsorship deals that a streamer may take can also be the source of controversy.

  • Saudi Al Othaim Family Scraps IPO of Malls Amid Market Rout

    Saudi Arabia’s Al Othaim family has called off its plans to sell shares of its malls business, in a rare instance of an initial public offering in the Middle East being scrapped as a market rally fades. Abdullah Al Othaim Investment Co. decided to cancel the listing of a 30% stake on the Saudi stock exchange, according to a statement, without specifying the reason. Bloomberg News reported in May that Al Othaim family had delayed the IPO of its mall unit just as it was due to start an investor roadshow for the offering, shortly before the family confirmed the report. The firm said at the time it was rescheduling the listing to select “the best suitable window.”