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Recent stories from sustg

  • Saudi Arabia’s Bond With U.S. ‘Goes Beyond Energy’
     

    The U.S. and Saudi Arabia have a close relationship with a bond “that goes far beyond energy,” Saudi Oil Minister Ali al-Naimi said. The minister told graduates during his commencement speech at Lehigh University in Bethlehem, Pennsylvania, that “We seek together a world of greater understanding, mutual tolerance, and respect for human dignity and personal […]

     
  • Saudi Women Tackle Everest to Advance Breast Cancer Awareness
     

    To the ten Saudi women attempting a punishing ascent to a major milestone on the world’s highest peak, the dangers of reaching the Mount Everest base camp are no match for their cause. As a part of an ever-growing effort in Saudi Arabia, the campaign, “A Woman’s Journey: Destination Mount Everest,” intends to raise awareness […]

     
  • Statement on the Temporary Ban on Beef Imports from the U.S. to Saudi
     

    The Saudi Food & Drug Authority has issued a temporary ban on beef imported to Saudi Arabia from the United States. On May 2, 2012, the Saudi FDA issued decision 33/90 preventing the import of all beef products from the U.S. due to a confirmed case of BSE, bovine spongiform encephalopathy.

     
  • The Surprising $100 Billion Solar Investment
     

    If you thought Germany and California were aggressively trying to add solar power to the grid, the oil state of Saudi Arabia is giving both of them a run for their money with recent plans to enter the solar market. The country is looking for investors in a $109 billion plan to build 41 GW […]

     
  • Effat University on the Forefront of Change in Saudi Arabia
     

    I was also impressed to see Effat graduating a quarter of its students from its College of Engineering, which it established in partnership with Duke University’s Pratt School of Engineering. When I first visited Effat seven years ago, it was still in the early stages of establishing engineering as a degree, a first for women […]

     
  • Saudi Arabia’s First Female Director Brings ‘Wadjda’ to Cannes
     

    Wadjda, the first-ever film shot in Saudi Arabia, hits the Cannes market as The Match Factory begins pre-sales at Cannes’ Marche du Film on the coming-of-age drama from Haiffa al Mansour, the first female Saudi filmmaker. Haifaa wrote and directed Wadjda, which tells the ordinary but uplifting story of Wadjda, an 11-year-old girl growing up in […]

     
  • Baseball and Saudi Economic Policy
     

    Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.

     
  • Opening the TASI: What You Need to Know
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time.  The initial step toward this action was to give other GCC countries the right to invest […]

     
  • Seven years of prosperity and development
     

    Saudi Arabia will mark the seventh anniversary of Custodian of the Two Holy Mosques King Abdullah’s accession to the Saudi throne on May 17 with a variety of programs highlighting the remarkable progress achieved by the Kingdom in education, health, industry, agriculture and other sectors under his wise leadership. King Abdullah’s announcement at the Shoura […]

     
  • Saudi Perspective on the Middle East: Obaid
     

    In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]

     

MUST-READS

  • UFC Saudi Arabia Receives Several High-Profile Fights

    The UFC's first 2024 venture into Saudi Arabia is starting to shape up. The March 2 fight night doesn't have a main event yet, but several fights have been announced which are total fan-pleasers.

  • Carlo Ancelotti did not ‘understand’ hostile Toni Kroos reception in Saudi Arabia

    Carlo Ancelotti says neither he or Toni Kroos understood the hostile reception the Real Madrid midfielder received from the Saudi Arabia crowd during Wednesday’s Supercopa de Espana semi-final win over Atletico Madrid. Kroos was whistled by supporters at the Al-Awwal Stadium as his side booked their place in Sunday’s final with an extra-time victory over their Madrid rivals. The 34-year-old has previously criticised players’ decisions to move to the Saudi Pro League, stating it was “against football”.

  • Saudi Arabia’s private sector employees surge to 10.92 million

    Saudi Arabia has witnessed a significant surge in the total number of workers in the private sector. A recent report by the National Labor Observatory (NLO) revealed that, in December 2023, Saudi Arabia’s private sector recorded a surge in the total number of workers in the private sector, reaching a total of 10.92 million workers. This indicates a steady and growing attraction to employment opportunities within the private sector

  • Saudi Arabia tries to thread the needle between crude output, prices

    Although Alhamed graduated from Effat University with a bachelor’s degree in product design, her passion for visual creation and character development never left her.  While studying product design, she spent her days teaching herself how to visualize stories and share them with others.

  • Saudi Arabia, tax and why it is expensive for players like Jordan Henderson to come home

    No income tax is levied on footballers’ salaries in Saudi Arabia, compared to a combined rate of at least 47 per cent of UK income tax and National Insurance contributions for earnings over £125,140 per year in the UK. In the case of Henderson, it has been reported that his salary remains tax free only if he honours the first two years of his contract, with Saudi Arabia otherwise operating a flat income tax rate of 20 per cent.

  • Saudi Arabia announces major job training plans

    Minister of Human Resources and Social Development Eng. Ahmed bin Sulaiman Al-Rajhi issued a ministerial decision compelling private sector companies with 50 or more employees to provide cooperative training for students, in accordance with the study plan approved by the educational institutions where the students study and the requirements of the labour market.
    The aim is to raise the quality and efficiency of private sector entities, increase opportunities for development and growth, and help high education graduates to receive training that qualifies them to secure jobs after graduation by improving their performance and practical skills.

  • Saudi Arabia Powers Up its Green Energy Evolution With Carbon Capture

    The Saudi Power Procurement Co. (SPPC) has put out bids for four separate power plant projects, totalling 7,200 megawatts in capacity. Two of these projects, Rumah1 and Rumah2, are slated for the central region, while Nairyah1 and Nairyah2 will be in the eastern region of Saudi Arabia. Each of these projects is designed to produce 1,800MW of power, using natural gas combined-cycle technology and incorporating carbon capture methods. Carbon capture involves the use of various technologies that draw in CO2 from the atmosphere and store it away or use it for other purposes.

  • Huge 4,000-year-old fortification discovered in Saudi Arabia

    Archaeologists have found a massive ancient fortification enclosing the Khaybar Oasis in the North Arabian Desert. It is one of the two largest fortifications in Saudi Arabia. Oases in the region have been settled by human populations for 4,000–5,000 years. An oasis is a small patch of vegetation in the desert. Fed by sources of freshwater such as underground rivers and high water tables mean these areas can become vibrant, lush sanctuaries for plant and animal life. Human-built aquifers and channels can help irrigate these areas making them suitable for long-term settlement.

  • Saudi Arabia says focused on all kinds of energy, not just oil

    Saudi Arabia is taking climate change issues seriously and has shifted its focus to all kinds of energy, not just oil, Energy Minister Prince Abdulaziz Bin Salman told an industry event on Wednesday. Saudi Arabia, the world's largest oil exporter, supported a deal at the U.N. climate summit in December to transition the global economy to cleaner forms of energy. But the Saudi-led oil producer group the Organization of the Petroleum Exporting Countries (OPEC) had opposed a group of some 100 countries that lobbied for stronger language to "phase out" oil, gas and coal use in the final agreement.

  • Saudi Arabia’s new civil laws aim to boost investment, but caution lingers

    For private equity investor Imad Ghandour changes in Saudi Arabia's laws are prompting a rethink and his firm may buy, for the first time, minority stakes in the kingdom's companies. It is exactly an effect the country's leaders are aiming for as they seek to woo billions of dollars in new capital to wean its economy off fossil fuels. On Dec. 16, the kingdom's first written civil code came into effect, replacing a system where judges would have full discretion in ruling on commercial disputes using Islamic law, sharia, as guidance. That created uncertainty for investors like Ghandour, who until now would only invest in majority stakes in Saudi companies.