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Saudi Shoura Council Takes Aim at Much Maligned Saudi Airports, Demands Vision for Change
- March 23,2017
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- SUSTG Team
The Shoura Council asked the General Authority for Civil Aviation (GACA) Wednesday to establish a strategic vision to make Saudi airports among top ranked globally, achieve competitiveness, ensure safety and serve customers in the best manner, according to reports. Saudis are often embarrassed of their outdated and poorly operated airports and look enviously at other […]
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Despite Major Investments in Uber, Careem, Saudi Arabia Bans Ride-Sharing Apps from Airport Pickups
- March 2,2017
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- SUSTG Team
Saudi Arabia’s government has banned ride-sharing apps from making airport pickups, a report in Al Arabiya said, less than a year after the Kingdom’s Public Investment Fund (PIF) invested $3.5 billion into Uber and STC put $100m into Careem. The announcement is a setback for customers who prefer the ease, convenience, dependability, and safety of ride-sharing apps […]
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Saudi Arabia Gains ‘Upper Hand’ in Competition for Asia Energy Demand with Massive $7b Aramco-Petronas Deal
- February 28,2017
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- SUSTG Team
Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia and give the Kingdom an “upper hand” in the supply competition for Asia’s energy demand, according to reports. Saudi […]
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Will Saudi Spending Cutbacks Slow the Kingdom’s Push for Middle Class Home Ownership?
- October 26,2016
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- SUSTG Team
The local director of real estate services firm Jones Lang LaSalle (JLL) said Saudi Arabia’s state spending cuts will pressure people’s ability to buy their own homes and could push housing prices in some segments down by nearly a third, according to a report in Reuters. A reduction in subsidies available to government employees and […]
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News Analysis: In Push for Diversified Economy, Saudis Share in Sacrifice
- September 28,2016
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- Lucien Zeigler
As part of its ongoing drive to reduce government spending Saudi Arabia announced that it will suspend pay increases for public sector employees and slash Minister-level pay and benefits, sending a message that all Saudis will share in the sacrifice as tries to balance its budget and diversify its economy away from oil. The decision […]
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$20 Billion Dow-Saudi Aramco Venture Takes Another Step
- August 29,2016
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- SUSTG Team
Sadara, a joint-venture between Dow Chemical Company and Saudi Aramco has started its mixed feed cracker, the only one of its kind in the Middle East and one of 26 manufacturing units that will be part of the Sadara chemical complex. Located in Jubail Industrial City along the Gulf coast of Saudi Arabia, Sadara was […]
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Deputy Crown Prince to Promote Saudi Vision 2030 in Japan, China and at G20
- August 26,2016
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- SUSTG Team
Saudi Deputy Crown Prince, Minister of Defense and head of the influential Council of Economic and Development Affairs, HRH Mohammed bin Salman, plans to visit China August 29-31 and Japan August 31-September 3. Prince Mohammed will then attend the Group of 20 Summit September 4-5 to be held in Hangzhou, China where he will be […]
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In 2016, Saudi Restrictions Removed for U.S. Meat Exporters
- August 25,2016
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- Lucien Zeigler
2016 has been a good year for U.S. farmers and food producers looking to expand into the Saudi market as the Kingdom has relaxed previously established restrictions on both poultry and beef imports from the United States. In July, Saudi Arabia lifted a lengthy four-year ban on US beef imports that followed a scare over […]
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Reuters Poll: Non-Oil Business Activity Slows in Gulf as Governments Tighten Spending
- July 28,2016
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- SUSTG Team
A recently released Reuters poll of economists finds that non-oil business activity is slowing in the Gulf because of government austerity measures, causing some to revise their economic forecasts down for the region. In 2015, growth in the GCC “began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil,” […]
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Saudi Arabia Scales Back Renewable Energy Targets, Eyes Natural Gas to Fuel Economy
- June 9,2016
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- Lucien Zeigler
Saudi Arabia is seeking to scale back previous plans to develop large-scale renewable energy resources and is instead opting to rely more heavily on natural gas to meet demand, according to Bloomberg’s Anthony DiPaola and other reports. “We know that Saudi Arabia has been looking for natural gas supplies for a number of years now,” […]
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MUST-READS
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MERS21 MERS cases detected across Saudi Arabia in one week
The current epidemiological week has seen an increased number of Middle East respiratory syndrome coronavirus (MERS-CoV) infections, with 21 new cases reported in the Kingdom, of 15 men and six women, including three fatalities, according to an electronic survey conducted by the Ministry of Health.
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MERSSaudi MERS total grows; WHO details Oman cluster
Over the weekend and through today, the ministry of health (MOH) of Saudi Arabia recorded 10 more cases of MERS, including 7 in an ongoing outbreak in Wadi ad-Dawasir, and the World Health Organization (WHO) shared details about an investigation into 5 recent cases reported from Oman.
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MERSSaudi Arabia, Oman report more MERS cases
As part of a steady stream of recent MERS-CoV cases in Saudi Arabia, the country reported eight more illnesses over the past few days, including some people infected in healthcare settings, as Oman reported one more illness in its spike in cases.
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Pistachio WarsCalifornian Famers Waged ‘War’ on Iranian Pistachios and Won
The idea that pistachio farmers can rise to the political and business elite will not surprise Iranians. Asadollah Asgaroladi, one of Iran’s richest men, built his fortune as Iran’s leading exporter of pistachios and nuts. Former Iranian President Akbar Hashemi Rafsanjani was born to a wealthy family of pistachio farmers in Kerman Province.
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Russia in the RegionStealing Its Oil Customers, Russia Throws Iran a Lifeline—and Thumbs Its Nose at U.S.
Russian oil companies have stepped in, stealing customers from Iran. The two countries produce similar grades of crude, making a switch by refiners relatively easy. But Moscow is also offering Tehran a lifeline for its stranded crude.
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MERSWHO details 8 recent Saudi MERS cases, 3 deaths
The World Health Organization (WHO) today released an overview of eight new MERS cases reported in Saudi Arabia from Sep 17 to Oct 15. Of the eight cases, three proved fatal.
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MERSNew Saudi MERS illness as WHO profiles recent cases
Saudi Arabia today confirmed one more MERS-CoV case, in a man who is a household contact of an earlier reported patient, and the World Health Organization (WHO) posted an update on 32 Saudi cases over the summer, of which 12 were part of illness clusters.
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Housing and Real EstateSaudi property market among world’s worst performers in Q2
Knight Frank Global House Price Index reveals that real estate market in Saudi Arabia is one of only seven worldwide to show annual price declines
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MERSViral victory: How Saudi Arabia won the war against MERS
While new infections are still being sporadically recorded, the disease, also referred to as MERS coronavirus (MERS-CoV), has fallen to record lows in 2018, according to the World Health Organization (WHO), as experts hail stringent measures put in place in Saudi Arabia — the most severely affected country — to isolate incidences of the disease.
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EnvironmentOcean Polymers plans to develop land-based recycling solutions in Saudi-Arabia
“We are delighted to sign this MOU together with such a major Saudi Arabian entity and greatly appreciate the support offered by them not only in Saudi Arabia but across the Gulf Co-operation Countries. Ocean Polymers are continuing to build relationships with both investors, suppliers and end-users to accelerate the growth of our innovative solution globally,” said Mr Paul Rodger, Ocean Polymers’ Chief Executive Officer.
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