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Recent stories from sustg

  • Islamic funds seek socially responsible roadmap
     

    The Islamic investment sector can widen its customer base by adopting a socially responsible model, according to industry experts, but distribution channels, a sophisticated investor base and incentive schemes need to be enhanced first. The links between Islamic finance and socially responsible investments (SRI) are not new, but the former needs a similar transformation which […]

     
  • Changing patterns in U.S. crude imports
     

    U.S. crude oil import patterns have been undergoing significant shifts in recent months. While growing domestic tight oil production from the Bakken formation in North Dakota and elsewhere has helped displace imports from some countries, U.S. import volumes from the Canadian oil sands and Saudi Arabia have been on the rise. In total, U.S. crude […]

     
  • At the SACM Career Fair in Washington, Saudi Arabia’s Brightest Are Met With Opportunities (PHOTOS)
     

    Across the United States, around the end of the month of May every year, graduating students from high schools and universities join with families and friends to celebrate their achievements in

     
  • Saudi Satire Ignites YouTube’s Massive Growth in Middle East
     

    Fahad Albutairi never expected a career in broadcast or comedy, and he certainly didn’t expect to emerge as a YouTube star known to millions. Albutairi is the co-founder and star of the La Yekthar Show, a small cadre of YouTube shows shot in Saudi Arabia that have become wildly popular in the last year. His […]

     
  • Saudi female entrepreneurs exploit changing attitudes
     

    In Saudi Arabia, a small but determined number of women are overcoming obstacles to build their own thriving businesses. Social constraints in the conservative Kingdom have not stopped women from amassing substantial individual wealth. An estimated $11.9 billion is held by women primarily in bonds and bank accounts, according to asset managers Al Masah Capital. […]

     
  • Saudi Arabian Airlines Officially Becomes ‘Saudia’, Embraces Privatization
     

    Saudi Arabian Airlines has today been formally renamed Saudia and has become a full member of the SkyTeam alliance while at the same time confirming the first stage of the long-awaited privatisation will go ahead in the next month.

     
  • Saudi construction sector ‘most buoyant globally’
     

    Massive construction projects in the GCC, particularly around social and transport infrastructure, will offer tremendous opportunities valued at up to $500 billion for contractors, Deloitte Middle East’s annual report “GCC Powers of Construction: Five Lessons to Learn From” released Wednesday said. The Deloitte report showed that there is imminent growth in the Saudi Arabian construction […]

     
  • IMAX ARABIA 3D Now Available for Mass Consumption on Netflix Streaming
     

    IMAX ARABIA 3D, the film directed by Hamzah Jamjoom, is now available to watch at any time on Netflix’s instant streaming option for the first time.

     
  • Saudi Budget Needs Less Than $80/Bbl To Be Balanced
     

    Top oil exporter Saudi Arabia would still be able to balance its budget even if oil prices fall to less than $80 per barrel, Al Arabiya television reported Tuesday, citing the kingdom’s finance minister, Ibrahim Al-Assaf. “As you know the oil revenues are affected by two factors; price and production…the price that leads to a […]

     
  • The Gulf Military Balance in 2012
     

    The Burke Chair at CSIS is issuing a new report called the Gulf Military Balance in 2012. The report shows that the Gulf military balance is dominated by five major groups of military forces: the Southern Gulf states, Iran, Iraq, outside powers like the US, and non-state actors like the various elements of Al Qa’ida, the […]

     

MUST-READS

  • Saudi dairy giant Almarai plans to enter seafood category with $67m investment 

    Saudi-based dairy giant Almarai is looking to inject SR252 million ($67 million) as an initial investment to fund its entry into the seafood category. The investment will be used to fund Almarai’s seafood processing facility, according to a bourse filing.

  • Perspective: Biden and Saudi have a lot to lose if talks fail

    Al Faisal's words strongly hint at the frustrations Saudis have with Biden, but are diplomatic enough to smother disappointments with appreciation. "I am pleased that Mr. Biden recognizes the importance of the relationship in containing disruptive Iranian conduct in general, the threat of terrorism, achieving peace in Yemen, shared military operations and other considerations," he added.

  • Saudi authorities seize rainbow toys

    Items targeted in the Riyadh raids include bows, skirts, hats and pencil cases, most of them manufactured for children, according to a report broadcast on Tuesday evening by the state-run Al Ekhbariya news channel.

  • Saudi Arabia’s Mawhiba, KAUST launch intensive training forum for talented students

    With 185 male and female students, the forum is considered the largest training forum for international Olympiad students. It includes many levels of both theoretical and practical training. It also includes diagnostic and candidacy tests. The participating students were distributed among the targeted disciplines, with 45 students in mathematics, 35 in informatics, 31 in chemistry, 27 in physics, 25 in biology and 25 in science.

  • Iranian labour minister resigns amid protests against soaring living costs

    While it was not clear if Hojatollah Abdolmaleki’s resignation was directly related to the month-long protests, a senior MP blamed his “incompetence” for the unrest. The semi-official Tasnim news site said his resignation followed "mounting criticism for his handling of the labour market and a meagre rise in the retirement pensions.

  • Commentary: Israel’s policy toward Iran is failing by ‘a thousand cuts.’ Here’s why.

    Israel has reportedly escalated its attacks on Iran in recent weeks. Unlike the previous government strategy, which focused on sabotaging the country’s nuclear program and assassinating its nuclear scientists, it now appears to have been extended to target other scientists and officers in charge of missile programs and Unmanned Aerial Vehicles (UAVs), as well as members of the Islamic Revolutionary Guard Corps’ (IRGC) Quds Force.

  • Abu Dhabi bourse aims to top 2021’s record listings this year, CEO says

    The Abu Dhabi Securities Exchange expects to match or exceed the record number of listings it achieved in 2021 as it continues to add new products and expand its investor base, its managing director and chief executive said. The bourse's benchmark FTSE ADX General Index was among the best-performing exchanges worldwide last year, having rallied more than 62 per cent in 2021. It is the best-performing bourse in the GCC this year, having climbed about 14 per cent since January.

  • Saudi’s Motawif online portal for Hajj registrations gains significant interest from global pilgrims

    Motawif, Saudi Arabia’s full-service online portal that enables pilgrims from Europe, America, and Australia to register for the Hajj season of the current year, is receiving significant interest from international pilgrims. For the first time, the Motawif platform allows global pilgrims to register electronically for a Hajj season. To date, there have been more than 100,000 registrations from 56 countries, with increased interest from the US, UK, and France.

  • Saudi’s Motawif online portal for Hajj registrations gains significant interest from global pilgrims

    Motawif, Saudi Arabia’s full-service online portal that enables pilgrims from Europe, America, and Australia to register for the Hajj season of the current year, is receiving significant interest from international pilgrims. For the first time, the Motawif platform allows global pilgrims to register electronically for a Hajj season. To date, there have been more than 100,000 registrations from 56 countries, with increased interest from the US, UK, and France.

  • Israel says U.S. should helm Mideast build-up against Iran

    Israel and Arab countries that share its worries about Iran should build up their military capabilities under Washington's aegis, the Israeli defence minister said on Tuesday ahead of a visit to the region by U.S. President Joe Biden. Biden's July 13-16 tour will include Israel, the Palestinian territories and Saudi Arabia, a U.S. official said. According to Saudi state television, Biden will attend a summit with the leaders of Gulf states, Egypt, Jordan and Iraq. read more