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Opening the TASI: What You Need to Know
- May 15,2012
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- Hussein Abusaaq
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 […]
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“Milestone” oil manipulation case unsettles traders
- April 21,2012
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- SUSTG Team
U.S. regulators’ $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a “milestone” victory in their toughening stance on market malfeasance which is being closely watched by traders. In its first major case against an algorithmic trader, the Commodity Futures Trading Commission said late on Thursday that a court […]
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The arms spending map of the world
- April 18,2012
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- SUSTG Team
How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.
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A Nuclear Iran: CNN
- April 17,2012
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- SUSTG Team
What do we really know about the Iranian nuclear threat? Iran says it wants the right to have its peaceful nuclear program formally recognized. But from the outside, Iran has long given the impression it has something to hide. And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]
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Internet in the Middle East Still Short of Its Potential
- April 5,2012
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- SUSTG Team
Last week’s third ArabNet conference for digital entrepreneurs in the MENA region was, by the standard of these things, a modest affair. But nonetheless it showed how the regional digital economy has grown, and how it is poised to take off. As one commentator said: “Jordan for the talent, Lebanon for the creativity, Egypt for […]
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Critical Commercial and Economic Ties: Interview with Jose Fernandez
- April 3,2012
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- SUSTG Team
The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]
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Car-nage
- March 20,2012
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- SUSTG Team
In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]
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What to Know About the TASI Opening
- February 29,2012
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- Hussein Abusaaq
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 […]
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MUST-READS
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COP26: Did the Glasgow summit matter for climate change?
"If the success of an international agreement can be measured in its ability to disappoint everyone equally, the Glasgow accord could be seen as a triumph," Hannah Cloke, professor of hydrology at the University of Reading, said in a statement. "From a scientific point of view, we are back in the position where the science is ever clearer but the politics is still worryingly murky."
- NYT - 6 takeaways from the U.N. climate conference.
- CNBC - China and India will have to explain themselves on coal, COP26 president says
- Nature - ‘COP26 hasn’t solved the problem’: scientists react to UN climate deal
- Aljazeera - Infographic: What has your country pledged at COP26?
- Quartz - Five vital lines in the COP26 climate agreement
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Could ‘Eternals’ move the needle in the Mideast by putting a gay character on screen?
Disney, which has declined to comment, is understood to have been unwilling to accommodate requests for different cuts made by various censorship boards in several Middle East nations — something they've been willing to do on past films. It doesn't mean they didn't chop anything out of "Eternals" for the Middle East; it's just that, this time, Disney was willing to make only one version of "Eternals" that would be acceptable across the Arab world, according to sources.
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Hydrogel: A Promising Solution for Water Scarcity in the Middle East?
Over half of Jordan’s water is “non-revenue,” meaning it is lost to leaks or theft. Yet, the state struggles to crack down on water-related corruption. Every year, millions of cubic meters are pumped out of the ground illegally through unlicensed wells. And to satisfy powerful local elites, water-intensive farms continue to operate in unsuitable desert regions, where they draw heavily on underground water.
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‘The Gloves Are Off’: Could Law Firms Abandon UAE for Saudi Arabia?
“The reality is that Saudi leadership clearly wants to deliver on the Vision 2030 programme and to do the other things that the Kingdom wants and needs to do. They need a vibrant professional, service-provider class on the ground, and they’re trying to achieve that. I don’t see that as a threat aimed at Dubai. It’s just the reality of the growth that’s needed in the Kingdom”.
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COP26: Saudi Arabia′s climate strategy — Greenwashing or genuine transformation?
And with Crown Prince Mohammed Bin Salman stepping into the ring of carbon-neutral competitors in the Middle East, illustrated by his attendance at the COP26 climate summit, push has also come to shove for the whole region, with Saudi Arabia competing with the United Arab Emirates to burnish their climate credentials.
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Saudi Arabia’s Red Sea Film Festival: What Can People Expect?
"I think people should come and see the films and let us know…We are sensitive to the environment but we don’t have any restrictions. We’ll be showing films in their entirety. We will be sensitive to the culture around us but we have curated the films we wanted to. We’re presenting what we wanted to and pushing boundaries in our lineups, including in the Arab selection."
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‘A lot to do’ – Will F1’s Saudi GP venue be ready in time?
The Saudi GP is a deal that will last for a decade, if not longer, using the newly-unveiled temporary circuit before a new purpose-built venue is readied in the coming years. Jeddah’s track is based in the Corniche area on the Red Sea and is 3.837 miles in length, making it the longest street circuit in F1 and the second-longest on the calendar, behind only Spa in Belgium.
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What will the US-Egypt Strategic Dialogue look like? Here’s a preview.
The US-Egypt Strategic Dialogue is one of the longest-standing in the region, established under the Bill Clinton administration in 1998 and held periodically since then, apart from a pause from 2009-2015 that occurred with the start of the Barack Obama administration and the subsequent onset of the 2011 Arab uprisings. Though primarily symbolic, the dialogue serves as an opportunity for senior-level engagement across a broad swath of bilateral priorities.
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Will the ailing Turkish economy bring Erdogan down?
Erdogan is facing growing warning signals that his idiosyncratic approach to running Turkey’s $765bn economy is not working. While economic growth looks good on paper, it has not translated into jobs. Inflation reached almost 20 per cent in September, and the currency is losing value. A decade ago it cost around 1.8 lira to buy a single dollar; today that figure is almost 10.
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A Middle East Quad? Scope for synergies, but divergences over Iran
The four countries can cooperate in areas like maritime security, infrastructure and, given the Abraham Accords, there is space for trilateral economic cooperation between India, the UAE and Israel.
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