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Exclusive: Engineering Giant Bechtel Launches New Women’s Empowerment Program in Saudi Arabia
- July 3,2018
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- SUSTG Team
Global engineering and procurement giant Bechtel Corporation will launch a new pioneering program for women’s empowerment in Saudi Arabia, set to be announced this month and rolled out this fall, SUSTG has learned. Working with Al Khaleej Training and Education organization, the program aims to increase women’s participation in the country’s workforce through training and […]
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The Race is On for Ride Sharing Apps in Saudi Arabia to Hire Saudi Women ‘Captinahs’
- June 26,2018
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- SUSTG Team
As Saudi women settle into the driver’s seat, ride-sharing apps like Uber and Careem are gearing up for a race to hire women, according to reports. Careem — the Middle East’s answer to Uber — is recruiting Saudi women to take the wheel and has received over 2,000 applications since announcing it would recruit so-called […]
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Saudi Arabia Set to Launch $32 Billion Plan to Jumpstart Housing Market
- June 14,2018
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- SUSTG Team
Saudi Arabia’s Public Investment Fund-backed mortgage company, the Saudi Real Estate Refinance Company (SRC), plans to roll out new funding soon to the Kingdom’s lenders to boost home ownership in Saudi Arabia, according to a report. Announced in October 2017, the creation of the SRC and the overall plan for $32 billion to boost home ownership […]
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Saudi Arabia, UAE and Kuwait Come to Jordan’s Aid with $2.5b after Weekend Summit
- June 11,2018
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- SUSTG Team
Saudi Arabia and two Gulf nations agreed to a $2.5b aid package to help support Jordan’s economy after a proposed income-tax increase sparked some of the largest protests seen in the region since the Arab Spring protests in 2011. The package of aid will include a deposit in the Central Bank of Jordan, guarantees to the World […]
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Saudi Arabia’s Central Bank Sees Reserves Soar on High Oil Prices
- May 29,2018
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- SUSTG Team
Saudi Arabia’s central bank foreign reserves rose last month at their fastest rate for four years, Reuters reports on official data revealed on Monday. The $13.3 billion month-on-month increase in reserves to $498.9 billion in April is the highest level reached in over year and reveals “the extent to which a rebound in oil prices is […]
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Report: Saudi Binladin Group (SBG) to be Renamed and Resized after Rough Decade, Graft Allegations
- May 24,2018
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- SUSTG Team
The one time leader in Saudi Arabia’s construction market, Saudi Binladin Group, will be slimmed down and renamed, according to an exclusive Reuters report, which cited six sources familiar with the matter. The government seized management control of the construction giant from the chairman and other family members after they were detained in anti-graft arrests last […]
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Oil Hits $80 for First Time in Three Years, Saudis Consulting Other Producers on Supply
- May 18,2018
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- SUSTG Team
The price of oil reached $80 on the Brent Crude Index this week for the first time in three years, prompting Saudi Arabia’s powerful Minister of Energy Khalid Al-Falih to tweet a message urging coordinated action to allay supply “anxiety,” according to reports. Al-Falih said in a Twitter post that he had called his counterparts […]
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Saudi Ministry of Justice Announces Launch of Alimony Fund ‘Modeled on UK’s Child Maintenance Service’
- May 15,2018
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- SUSTG Team
Saudi Arabia’s Ministry of Justice is planning to launch an alimony fund similar to the United Kingdom’s Child Maintenance Service in an attempt to “empower mothers and provide sustainable living and support, for them and their children,” the Ministry said in a press release. The alimony fund is dedicated to women who are divorced and facing difficulty […]
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In Interview, Governor of SAGIA Ibrahim Al-Omar Says New Licenses for Investment and Business Soaring
- May 2,2018
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- SUSTG Team
The head of Saudi Arabia’s top licensing and investment body says that the Kingdom is increasing its new licenses to investors and businessmen seeking to do business in the Kingdom, according to an interview in TheBanker.com. Ibrahim Al-Omar, head of the powerful Saudi Arabian General Investment Authority (SAGIA), told journalist James King in an interview how Saudi […]
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4 Dead, 4 Wounded in Gun Attack on Checkpoint in Asir, Saudi Arabia
- April 20,2018
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- SUSTG Team
Four Saudi officers were shot dead and four others wounded Thursday when their checkpoint came under gunfire in southern Asir province, according to reports citing information from the Saudi Press Agency and Saudi Arabia’s interior ministry. According to reports, three officers were “instantly killed” when the outpost came under attack, the Saudi Press Agency reported, without specifying who […]
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Saudi Arabia to deposit $1 billion in Yemen’s central bank
Saudi Arabia will make a $1 billion deposit in Yemen's Aden-based central bank on Tuesday, Saudi Arabia's state news agency SPA said, as the government there struggles with a weak currency and high fuel and commodity prices. Riyadh leads a military coalition in Yemen that has been fighting the Iran-aligned Houthis since 2015 after the movement ousted the Saudi-backed government from the capital, Sanaa.
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Taliban forging religious emirate in Afghanistan with draconian Islamic law
A year and a half later, the Taliban has gutted the country’s justice system in its campaign to forge a religious emirate, by scrapping the constitution and replacing the legal code with rules based on a draconian interpretation of Islamic law. The Taliban has filled prisons to overflowing, deprived men and women of basic civil rights, and eroded social safety nets meant to protect the most vulnerable Afghans. It is also seeking to transform the media, using it to promote its vision for the country and restricting content deemed un-Islamic, including music and the presence of women.
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Saudi crown prince appoints new chairman of Small and Medium Enterprises Bank
Yousef bin Abdullah Al-Benyan was appointed chairman of the board of directors of Saudi Arabia’s Small and Medium Enterprises Bank by Crown Prince Mohammed bin Salman on Thursday. Al-Benyan thanked the crown prince for the confidence he has shown in him, and for his continuing support of small and medium-sized businesses and efforts that help them to achieve financial stability.
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The EU Ban on Russian Oil: Crude Implications for the Middle East
Middle Eastern petroleum exporters have gained overall from the Russia shock, mainly in the form of higher prices. They have also benefited from opportunities to refine, store, and redistribute Russian crude and can continue to benefit from them going forward.
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World Bank most concerned in MENA about Lebanon and Tunisia
The World Bank is particularly concerned in the Middle East and North Africa region about Lebanon and Tunisia and, to a lesser extent, Egypt and Jordan, the bank's vice president for MENA said on Tuesday. "We have a number of tensions in those countries," including debt levels and high inflation, Ferid Belhaj told Reuters on the sidelines of the World Government Summit in Dubai.
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World Bank most concerned in MENA about Lebanon and Tunisia
The World Bank is particularly concerned in the Middle East and North Africa region about Lebanon and Tunisia and, to a lesser extent, Egypt and Jordan, the bank's vice president for MENA said on Tuesday. "We have a number of tensions in those countries," including debt levels and high inflation, Ferid Belhaj told Reuters on the sidelines of the World Government Summit in Dubai.
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Valentine’s Day in Saudi Arabia: Once-banned holiday entices couples, singles alike
“My wife and I have been married for ten years. We used to celebrate Valentine’s Day at home and would buy each other small gifts a week in advance. I would order flowers, which were doubled in price by the way, days before,” Yousef Moussa told Al Arabiya English. “This year, we plan to enjoy a nice dinner at a restaurant together. It’s nice to publicly show our love,” he added.
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Valentine’s Day in Saudi Arabia: Once-banned holiday entices couples, singles alike
In the days leading up to Valentine’s Day, flower shops and restaurants in Saudi Arabia are luring in couples and singles alike with beautifully assorted bouquets and tailored menus to mark the occasion. Seven years ago, lovers had to plan their gifts weeks in advance to avoid being caught by the since-abolished Committee of Promotion of Virtue and Prevention of Vice.
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Israel authorises West Bank outposts, despite U.S. admonition
Israel granted retroactive authorisation on Sunday to nine Jewish settler outposts in the occupied West Bank and announced mass-construction of new homes within established settlements, moves likely to draw U.S. opposition. The first to publish the decisions by Prime Minister Benjamin Netanyahu's security cabinet were two pro-settler politicians whose inclusion in the coalition he built after a Nov. 1 election had already signalled a hard-right tack.
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Diriyah Urban Festival kicks off in Saudi Arabia
Get on your bike. The Diriyah Urban Festival is riding into town, showcasing the best of breakdancing, parkour and skateboarding. Plus, it will host the BMX Freestyle World Cup 2023 for the first time in the kingdom. If you love biking culture, then this is for you. The festival brings the sport to thrilling life with BMX, mountain bikes, and scooters. Visitors can watch demonstrations, shows and workshops. Plus, you can be wowed by parkour performers and watch parkour competitions.
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