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Recent stories from sustg
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Education, Women’s Empowerment and Change
- June 22,2012
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- SUSTG Team
There has been a significant investment in education, which is great. In the last eight or nine years the number of Saudi Universities has more than quadrupled from about seven to over 30. Some of that increase has been through splitting up existing, very large universities, like King Abdul Aziz University, into more manageable sizes. […]
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Saudi car sector to accelerate
- June 20,2012
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- SUSTG Team
Strong fundamentals coupled with a rapidly growing young population made Saudi Arabia the largest importer of vehicles and automotive parts in the Middle East in 2011, with the pace seen accelerating in the medium term, the National Commercial Bank said in its report on the Kingdom’s automotive sector released Wednesday. It noted that rising income […]
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The Importance of Economic Diversification for Saudi Arabia
- June 20,2012
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- SUSTG Team
In a clear break from past trends, Saudi Arabia’s private sector is growing. This trend can be in part explained by the increase in bank lending to private sector. In year-on-year terms, lending growth was at its highest since March 2009. More specifically, bank lending to private sector rose by 1.1 percent in April to […]
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Saudi Arabia names Defense Minister Prince Salman new heir to throne
- June 18,2012
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- SUSTG Team
Saudi Arabia’s ruler named Defense Minister Prince Salman bin Abdul-Aziz is the country’s new crown prince Monday — an expected nod that leaves power still within an aging and shrinking circle of leaders in one of the West’s most critical Middle East allies.
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Saudi Arabia mourns death of Crown Prince Naif
- June 17,2012
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- SUSTG Team
The funeral prayers for the Saudi Crown Prince Naif bin Abdul Aziz will be held at the Haram Mosque in Makkah following the Maghreb prayer today. The body will then be buried at the graveyard in the holy city. Muslim leaders from across the world started arriving in Jeddah on their way to Makkah to […]
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Saudi Crown Prince Nayef dies
- June 16,2012
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- SUSTG Team
Saudi Crown Prince Nayef bin Abdulaziz, a hard-line conservative who is credited with pushing back al Qaeda, has died, Saudi state TV said on Saturday. Nayef, who had been named crown prince in October by his brother the king, was heir to the Saudi throne. State TV is broadcasting Quran readings as an expression of […]
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Five Facts About Saudi Arabian Horses
- June 15,2012
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- Lucien Zeigler
The 2012 London Olympics have had many controversial headlines in the news about horse sports and Saudi Arabia. With that in mind, many people know about the Arabian horse’s influence in modern Thoroughbreds and equestrian athletics, what about a country these horses originate from? Interestingly, the country of Saudi Arabia is full of horse-related facts […]
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Jadwa Investments May 2012 Inflation Report for Saudi Arabia
- June 14,2012
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- Lucien Zeigler
Jadwa Investment’s recently released May inflation report for Saudi Arabia found a year-on-year decrease in inflation to 5.1 percent, the lowest since August 2011. Jadwa noted that the decline “was due to a fall in inflation for ‘other expenses and services,’ which stems from lower gold prices.”
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Saudi Arabia remains largest takaful market
- June 13,2012
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- Lucien Zeigler
The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an integral part of the mainstream financial system, with Saudi Arabia at the forefront, Ernst & Young executive said Wednesday at the opening of “The World takaful Conference: Asia Leaders Summit (WTC: ALS 2012)” at Hotel Istana, Kuala Lumpur. South East […]
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Jadwa Chartbook June 2012: Sectoral Performance
- June 13,2012
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- Lucien Zeigler
Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking, trade, and sectoral performance. Below is a snapshot of Jadwa’s analysis of the performance of Saudi Arabia’s main economic sectors. For the full Jadwa report, click […]
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CIAThe CIA unveils a radically new org chart
The changes are part of a reorganization that CIA Director John Brennan began mapping last year, one that will largely replicate the structure of the agency’s Counterterrorism Center across other categories of espionage and analysis.
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SyriaDefense Secretary Ash Carter: US Won’t Be Clearing Syria’s Skies for Russia
The U.S. forces bombing Islamic State targets in Syria will not yield to Russian jets, Defense Secretary Ash Carter said Wednesday. He also confirmed that Russia’s first strikes on Wednesday were not in areas where the Islamic State operates — and that raises the risk of collision between Russian and U.S.-led coalition forces.
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Haramain RailwaySaudi’s Haramain Rail to start operations in 2016
Saudi Arabia’s new high speed railway will begin operating next year and carry up to two million pilgrims to and from Makkah, it has been claimed.
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Arab ArtArab Art Redefined: How art collector Sultan Sooud Al-Qassemi is trying to change the narrative
Eventually, he explains, his interest in breaking news had died down and he shifted his attention to collecting and promoting modern and contemporary art from the Arab world. He sees it as a continuation of the ideals of the Arab Spring, he says, because the art tends to be political — and it defies traditional definitions set by the West.
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OPECOPEC: Saudi Oil Production Upsets Venezuela but Cartel Endures
Venezuela’s and Algeria’s complaints raise the question of why some members stay in OPEC if the Saudis call the shots and ignore pleas for higher prices. Neither Venezuela nor Algeria has made moves to quit. Not only is the group intact, but former member Indonesia is returning, boosting membership to 13 nations.
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Hajj 2015Pictures: Millions of Muslims Start Hajj in Saudi Arabia
In Saudi Arabia, at least two million Muslims swarmed the Kaaba in the middle of Mecca’s Grand Mosque to begin their annual hajj pilgrimage.
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Iran Nuclear AgreementUS starts carrying out nuke deal as deadline expires
The Obama administration began carrying out the Iran nuclear deal Thursday as time expired on Republican efforts to derail it, appointing a senior diplomat to ensure that Tehran moves further away from bomb-making capability and outlining a months-long process before Western nations will start easing economic sanctions.
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Eid Al-AdhaEid al-Adha to start on September 24
Saudi Arabia announced on Sunday that Eid al-Adha, one of two important religious holidays observed by Muslims around the world, will start on Thursday, September 24, a day earlier than expected, Al Arabiya News Channel reported on Sunday.
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Banking and FinanceSaudi central bank to appoint KPMG partner as deputy governor for supervision
The Saudi Arabian Monetary Agency (SAMA) is set to appoint KPMG Saudi Arabia's managing partner Tareq al-Sadhan as its new deputy governor for supervision, two sources told Reuters on Thursday.
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U.S. - SaudiAnalysis: The U.S. and Saudi Arabia: A 21st-century partnership
Equally as important was the strategic vision for a 21st-century partnership between the two countries, which was presented by Saudi Crown Prince Mohammad bin Salman during the visit. This vision, which was aided by studies prepared by leading global consultancy groups such as Booz Allen Hamilton and BCG, is estimated to have a potential worth of $2 trillion in 12 sectors. It includes unprecedented steps toward opening up the lucrative Saudi market to U.S. investors and companies.
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