We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

  • Jadwa Saudi Chartbook: Inflation at 10 Month Low
     

    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 […]

     
  • Jadwa Saudi Chartbook for August 2012: Banking Indicators
     

    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 […]

     
  • ‘There is a large infrastructure boom happening in Saudi Arabia’
     

    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 […]

     
  • With customs union, GCC edges toward closer economic ties
     

    Saudi Arabia, the biggest Arab economy, is leading moves toward political and economic cooperation, which it believes would give the mostly Sunni-led monarchies of the Gulf more power to withstand any confrontation with Shi’ite Iran. Closer business ties within the GCC, which consists of Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain and has […]

     
  • Saudi Arabia Ghazal Defies Camels as SUV for Desert Market
     

    Saudi Arabia is venturing into a territory normally reserved for automakers. The kingdom is developing the Ghazal, a sport-utility vehicle for the hazards of the desert, to diversify its economy beyond oil. The SUV, built by King Saud University in Riyadh, is an all-wheel drive vehicle with a rugged carbon-fiber frame aimed at taking on […]

     
  • Showing Pragmatism, Egypt’s Morsi Looks to Saudi
     

    The first official foreign visit of any newly elected president represents a significant symbolic statement. Knowing this, new leaders choose their first visit very carefully, often selecting a country that is either a major strategic ally or an important trade partner. Nonetheless, the Egyptian government’s announcement that President Mohammed Morsi’s first foreign visit will take […]

     
  • Why Saudi Arabia’s Travel and Tourism Sector Is Ripe for Growth
     

    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 […]

     
  • Saudi Mortgage Law Approved – Jadwa Flash Note
     

    Jadwa Investments released a flash note discussing the recently approved mortgage law in Saudi Arabia, which the bank believes “is a very important step in broadening home ownership.” The new mortgage law “will help to tackle one of the most pressing social issues for many in the Kingdom and will generate significant benefits to the economy. However, […]

     
  • The problem with taxing foreign-earned income
     

    Eritrea is one of only two countries in the world that applies citizenship-based taxation in addition to residence-based taxation.  The other? The United States of America. In fact, the US is the ONLY industrialized country in the world to impose citizenship-based taxation. The immediate result for American expatriates is a blizzard of confusing and complex […]

     
  • The Importance of Economic Diversification for Saudi Arabia
     

    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 […]

     

MUST-READS

  • Motorists in Saudi Arabia offered new fine reduction scheme

    The Saudi interior ministry announced a new scheme on Thursday that would allow motorist in the Kingdom to reduce their outstanding fines by 50 percent. The rule will allow motorists a six month window starting on April 18 to make use of the grace policy. The decision comes “in implementation of the directives of King Salman and Crown Prince Mohammed bin Salman,” the ministry said.

    It urged drivers to adhere to the traffic laws and not commit violations.

  • A blinking red light for Israel in American politics

    President Joe Biden and his top deputies said they would consider changing their policy towards Israel unless more consideration was given towards the humanitarian crisis its military was producing. A top Biden ally in the Senate argued that aid could be conditioned should Israel follow through on its threat to invade Rafah. Even former President Donald Trump went public with his belief that Israel was losing the PR battle and needed to end the conflict soon.

  • Chinese Car Exports Continue to Soar as EV Share Grows

    Chinese EVs continuing to make inroads around the world is reflected in the country's car export figures which have been soaring post-pandemic. The export of cars from China increased from around 1 million to 2 million between 2020 and 2021 to much media attention and has since continued to climb even more dramatically. In 2023, it reached almost 5 million, according to data from the China Association of Automobile Manufacturers.

  • Opinion: The Problem Isn’t Just Netanyahu. It’s Israeli Society.

    Israel has been so sacrosanct in America for so long that the idea that a hawkish Democrat like Schumer would call for regime change in Israel is extraordinary. But the Senate leader’s stance is fairly mainstream among Israelis. There’s consensus—even within his own party—that elections should be held early. It seems like conventional wisdom in Israel that Netanyahu is dragging out the war for his own political survival, since he knows the moment it comes to a halt, Israelis will focus even more resolutely on investigating the failures of Oct. 7 and pushing for early elections to vote him out of office.

  • Biden to Netanyahu: Protect civilians in Gaza or US policy will change

    President Joe Biden threatened on Thursday to condition support for Israel's offensive in Gaza on it taking concrete steps to protect aid workers and civilians, seeking for the first time to leverage U.S. aid to influence Israeli military behavior.
    Biden's warning, relayed in a call with Prime Minister Benjamin Netanyahu on Thursday, followed a deadly Israeli attack on World Central Kitchen aid workers that spurred new calls from Biden's fellow Democrats to place conditions on U.S. aid to Israel. Israel said the attack was a mistake.

  • 18th Saudi Relief Plane Arrives in Poland to Deliver Aid to Ukrainian People

    The 18th Saudi relief flight operated by the King Salman Humanitarian Aid and Relief Center (KSrelief) arrived today at the Polish Rzeszow Airport near the Ukrainian border. It will cross the border into Ukraine, carrying 51 tons of relief aid, including electric generators and appliances. The aid reflects the Kingdom of Saudi Arabia’s unwavering commitment to supporting needy people and those affected by crises and difficulties worldwide.

  • Netanyahu says Israel acting against Iran, will defend itself

    Israel braced on Thursday for the possibility of a retaliatory attack after its suspected killing of Iranian generals in Damascus this week, and Prime Minister Benjamin Netanyahu said the country would harm "whoever harms us or plans to harm us."
    His comments came after Israel's armed forces - stretched by nearly six months of war in the Gaza Strip and on the Lebanese front - announced they were suspending leave for all combat units, a day after they said they were mobilising more troops for air defence units.

  • McDonald’s buys all of its Israeli franchise restaurants amid damage from Middle East turmoil

    McDonald’s will buy every one of its 225 franchise restaurants in Israel, it announced Thursday, just weeks after saying that the Israel-Hamas war was hurting its business.

    The fast food giant said it had struck an agreement with Israeli franchise Alonyal to buy the firm’s McDonald’s (MCD) franchise restaurants in the country.

    Omri Padan, CEO and owner of Alonyal, said in a statement: “For more than 30 years, Alonyal Limited has been proud to bring the Golden Arches to Israel and serve our communities.” Alonyal employs more than 5,000 people across its McDonald’s restaurants in the country.

  • New book reveals Ottoman origins of refugee resettlement in Middle East

    The book, which started as an award-winning doctoral dissertation at Stanford, examines how the Ottoman government resettled Circassian, Chechen, Dagestani and other refugees and how the resettlement led to more than 1,000 new villages. Most of these villages still exist today, including Amman — the largest city in the Levant — established in 1878 by Circassian refugees.

  • Rolls-Royce puts Middle East at center of five-year drive to quadruple profits

    With next-generation technology rolling out, the head of Rolls-Royce's operations in the Middle East, Turkey and Africa (Meta) has said the markets of Middle East will be crucial in the company's overall plan of quadrupling profits by 2027.

    John Kelly, president of Meta at Rolls-Royce, told The National the “confluence of key market opportunities with phenomenal growth opportunities across all of our divisions” will be key to reaching its profit-swelling goal.

    Last year, Rolls-Royce chief executive Tufan Erginbilgic outlined his plan to quadruple profits over five years by improving the performance of its jet engines and bearing down on costs.