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Jadwa Saudi Chartbook: Inflation at 10 Month Low
- August 3,2012
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- Lucien Zeigler
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 […]
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Jadwa Saudi Chartbook for August 2012: Banking Indicators
- August 1,2012
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- Lucien Zeigler
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 […]
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‘There is a large infrastructure boom happening in Saudi Arabia’
- July 31,2012
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- Lucien Zeigler
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 […]
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The Saudi Cultural Mission’s New Headquarters
- July 24,2012
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- Lucien Zeigler
The new SACM headquarters in Fairfax, Virginia provides a modern hub for Saudi Students in the United States, and stands as a symbol of the strong cultural relations between the United States and Saudi Arabia. Until recently, the future of the iconic Watergate hotel and office complex in Washington DC, which was the site of […]
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Why Saudi Arabia’s Travel and Tourism Sector Is Ripe for Growth
- July 6,2012
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- Lucien Zeigler
Saudi Arabia’s travel and tourism sector is poised for rapid growth in the next decade and beyond, and both Saudi and international corporations are looking to cash in on the opportunities ahead. A product of the changing economic and social landscape in Saudi Arabia, the coming tourism boom is likely to contribute to the Kingdom’s […]
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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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In Major Shift, Saudi Aramco Dabbles in Oil Trading
- June 11,2012
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- Lucien Zeigler
Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]
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Wider world opened to Saudis studying abroad
- June 6,2012
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- Lucien Zeigler
Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom’s largest companies at a recent career fair in Riyadh. A few years ago she would have worried about the disapproving reaction of friends and parents to the notion of a young woman […]
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Effat University on the Forefront of Change in Saudi Arabia
- May 16,2012
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- SUSTG Team
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 […]
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Baseball and Saudi Economic Policy
- May 15,2012
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- Richard Wilson
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.
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MUST-READS
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Climate PolicySaudi Arabia part of solution to tackle climate change: Al-Falih
Al-Falih is leading Saudi Arabia’s delegation to COP23 in Bonn. In his foreword posted on the Kingdom’s official website for COP23, he said: “Saudi Arabia hopes that the ‘era of implementation’ marked by COP23 will further clarify the frameworks that will make the agreement to provide the support for all nations to achieve their climate-change goals.”
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Trump-Russia ScandalTrump Jr.’s WikiLeaks exchange adds intrigue to Russia probe
President Donald Trump’s oldest son released a series of private Twitter exchanges between himself and WikiLeaks during and after the 2016 election, including pleas from the website to publicize its leaks.
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Vision 2030Analysis: Why Saudi Arabia Can’t Change Too Quickly
The crown prince must balance his desire for change with a public reticent to adapt.
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DevelopmentHistoric change to aid rules allows use of funding when lives are at stake
Rare change to international aid regulations means crisis-hit states will no longer be denied vital support because they are deemed too wealthy
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Changing SaudiRiyadh Diary: women drivers and signs of change in Saudi Arabia
Things are changing fast in Saudi. Within 24 hours of arriving in Riyadh, I had gone shopping for something a little more close fitting, colourful and stylish. The religious police who used to patrol the streets admonishing women for wearing nail varnish have been stripped of their powers of arrest. While most women still cover their heads, a significant minority no longer bothers.
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Music in Saudi1979, the year that changed arts and culture in Saudi Arabia
This renaissance reached its peak in the 1960’s when the musical band of the Saudi army was established. This band was later transformed into an orchestra, which attracted a number of Arab musicians from Syria, Lebanon and Egypt. This fostered a musical revival across the kingdom and several musical bands and singers emerged.
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Saudi Aramco IPOSaudi Exchange aspires to be exclusive venue for Aramco IPO
Saudi Arabia’s stock exchange aspires to be the exclusive venue for the listing of Saudi Aramco’s initial public offering and the market has sufficient liquidity to absorb the share sale, the exchange’s chief executive said on Thursday.
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Saudi Aramco IPOFCA met Saudi Aramco before trying to change rules for $2tn flotation
The chief executive of the Financial Conduct Authority has admitted meeting officials from Saudi Aramco before publishing plans to water down rules in an attempt to attract the $2tn (£1.5tn) stock market listing of the oil giant to London.
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Women in EnergyWomen continue to be change-makers and take on bigger roles in the oil and gas industry
Research by the Boston Consulting Group, for the World Petroleum Council, has found that fewer than a fifth of oil and gas workers are female. The disparity is particularly acute in offshore and marine, refining, and petrochemicals, in which women hold just 15 per cent of entry-level technical and field positions. By comparison, female graduates hold half of entry-level office and business-support positions.
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Driving Ban LiftedTo This Saudi Startup, Allowing Women To Drive Is A Game Changer
Unsurprisingly, Saudi Arabia has the largest gender imbalance in labor force participation among G20 countries. Only 1.9 million of its 13.1 million women participate in the workforce — a labor participation rate of 20.2% — compared with 77.8% for men, according to G20 Labor Market Report 2016.
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