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Recent stories from sustg
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The Ritz-Carlton in Riyadh is Arguably the World’s Nicest Hotel
- July 2,2012
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- Lucien Zeigler
If you look at pictures of the new Ritz Carlton, it might not look like it belongs in Riyadh, the capital of Saudi Arabia. Not because the arguably world’s nicest hotel isn’t worthy for the Kingdom, but because the style of the hotel makes it look like a king’s palace in old Europe, with a […]
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The Importance of Economic Diversification for Saudi Arabia
- June 20,2012
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- SUSTG Team
In a clear break from past trends, Saudi Arabia’s private sector is growing. This trend can be in part explained by the increase in bank lending to private sector. In year-on-year terms, lending growth was at its highest since March 2009. More specifically, bank lending to private sector rose by 1.1 percent in April to […]
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Saudi Crown Prince Nayef dies
- June 16,2012
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- SUSTG Team
Saudi Crown Prince Nayef bin Abdulaziz, a hard-line conservative who is credited with pushing back al Qaeda, has died, Saudi state TV said on Saturday. Nayef, who had been named crown prince in October by his brother the king, was heir to the Saudi throne. State TV is broadcasting Quran readings as an expression of […]
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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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The Middle East fights the Flame, but virus spreads anyway
- June 7,2012
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- SUSTG Team
Two years ago there was Stuxnet, a virus that targeted Iranian uranium-enrichment infrastructure. Now Flame, a mutating piece of malware, is continuing to spread, infecting more than 1,000 Windows-powered computers across the Middle East. It’s centered on Iran, but has also spread to Israel and Palestine, Saudi Arabia, Syria, and even Sudan. Flame is a huge virus — 20 megabytes […]
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Saudi Construction Sector: A Sleeping Giant Awakes
- June 5,2012
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- SUSTG Team
Deloitte’s recently released report, “GCC powers of construction 2012: Five lessons to learn” assesses the current prospects of Saudi Arabia’s construction sector. Deloitte paints a very optimistic picture noting Saudi Arabia’s leading position in the GCC with regard to population and GDP. It also highlights the ambitious spending plans established in the latest 5-year development plan announced in […]
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At the SACM Career Fair in Washington, Saudi Arabia’s Brightest Are Met With Opportunities (PHOTOS)
- May 30,2012
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- Lucien Zeigler
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
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Saudi female entrepreneurs exploit changing attitudes
- May 30,2012
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- Lucien Zeigler
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. […]
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Saudi Arabian Airlines Officially Becomes ‘Saudia’, Embraces Privatization
- May 29,2012
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- Lucien Zeigler
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.
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SACM Career Fair and Graduation Ceremony Begins in Washington
- May 21,2012
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- Lucien Zeigler
Saudi students from around the United States are descending on the U.S. capital for a graduation ceremony and career fair organized by the Saudi Arabian Cultural Mission (SACM) on May 26-27. SACM, in coordination with the Saudi Ministry of Higher Education, will host the SACM Career Fair and Graduation Ceremony this weekend at the Gaylord […]
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MUST-READS
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WikileaksIs WikiLeaks sensationalizing Saudi Cables? A fact check on the Vatican memo
So what does the document actually say? The telegram talks about relaying a message for the Vatican to encourage Christians to support the Syrian revolution and minorities who would face retaliation conducted by the regime.
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Saudi EconomySaudi state spending and private sector bolster stronger economic growth
Saudi Arabia’s economy accelerated in the first quarter of this year, showing that the world’s top oil exporter can cope with low energy prices. But growth may slow as the government faces pressure to rein in spending.
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Airports: PrivatizationSaudi opens first privatised airport for pilgrims
The project "represents a new direction" because it was privately built and will be run by the joint venture, said GACA, which operates 27 airports in the kingdom.
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Nitaqat (Saudization)Private sector woes drive Nitaqat review in Saudi
In May 2015, it was reported that more than 130,000 Saudi contractors had been forced to close down, with many of them citing targets under the government’s Nitaqat – or Saudisation – programme as the root cause of their demise.
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TerrorismPerspective: It’s Nearly Impossible to Understand What Motivates Terrorists
Instead of asking why people join terrorist groups and commit terrorist atrocities, a more worthwhile starting point for explanation is to ask how.
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Education: Private SchoolsPrivate schools raise fees before receiving approval
He said private and international schools that have already obtained the ministry's approval to increase their fees would not be allowed to make any new hikes for two academic years. There are 3,588 private, international and foreign schools in the Kingdom.
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PalestineVatican causes stir with treaty recognizing Palestine as a state
The Vatican announced a treaty Wednesday that reaffirms Palestinian statehood, a step that immediately drew Israeli criticism and stirred alarm that an activist Pope Francis was advancing the Palestinian cause at Israel’s expense.
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Tadawul OpeningSaudi privatisations may accelerate, stock exchange chief says
A new government policy-making council in Saudi Arabia may accelerate privatisations of state-owned companies, Saudi Stock Exchange chief executive Adel al-Ghamdi said on Tuesday.
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Drones: IraqPrivate Surveillance Drones Take Flight Over Iraq
It was a clear day in mid-March when a drone flew over the disputed city of Sinjar in northern Iraq, photographing Islamic State’s fighting positions.
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GCC PolicyOpinion: Why the GCC really needs a VAT tax
GCC countries have the least demanding tax systems. According to a PwC report ‘Paying Taxes 2015: The global picture’, Qatar has the lowest tax rate regime, with a net tax rate of 11.3 per cent, contributing towards labour protection in the form of social insurance and training. It is followed by Kuwait, with a labour tax rate of 12.8 per cent and Bahrain (13.5 per cent). Saudi Arabia and Oman are the only countries in the GCC to collect profit tax of 2.1 per cent and 11.3 per cent, respectively. The UAE collects labour tax at a rate of 14.1 per cent and other taxes at 0.7 per cent.
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