Recent stories from sustg

  • Saudi Arabian Northern Border Security Project Breaks Ground
     

    Saudi Arabia has begun the first phase of a new border security project along its northern borders, according to the Saudi Press Agency. Phase 1 of the “Custodian of the Two Holy Mosques project for border security” was kicked off at a ceremony in Jeddah with a visiting delegation from neighboring Bahrain. Crown Prince Salman, […]

     
  • ‘Changing Tack’: Saudi Arabia Cushions Labor Reform with New Hours, Subsidies
     

    A new draft labor law in Saudi Arabia “would limit working hours at companies to entice new employees” and includes adjustments to recent rules, according to a Reuters report. That report, a thorough look at Nitaqat reform in the Kingdom, found that reforms have had mixed results: [Read the full report from Reuters]

     
  • Builder of “Largest Swimming Pool on the Planet” to Construct Lagoon, Golf Course in Saudi Arabia
     

    Builders have already broken ground on a new $4 billion,  8-hectare project megaproject in Saudi Arabia, consisting of a large lagoon, the first Jack Nicklaus golf course in the Kingdom, and more as part of a larger development. The project, the Prince Sultan Cultural Centre (PSCC), is one of 8 mega projects the company has under development […]

     
  • Data Compiled by Bloomberg Finds Saudi Oil Sales to U.S. Imperiled by American Shale Boom
     

    Dan Murtaugh and Lynn Doan of Bloomberg report that after years of keeping the price of crude sold to the U.S. low enough to maintain market share, the Kingdom “is losing ground as the shale boom leaves U.S. refiners with ample supplies of inexpensive domestic oil.” Oil imports to the United States have fallen as […]

     
  • C3 US-Arab Business Summit Set for October 6, 2014 in New York City
     

    Since 2012, C3 Summit, in collaboration with the US State Department, US Chamber of Commerce and the US Department of Commerce, has been producing US-Arab Summits focusing on healthcare, commerce and economic development between the Arab region and North America.   Given the continuing growth and importance of the business sector to both regions, C3 has developed the US-Arab […]

     
  • Brookings’ Gold: Interactive Data on Foreign Students In U.S. Higher Education
     

    The Brookings Institution has just published a superb report, The Geography of Foreign Students in U.S. Higher Education: Origins and Destinations, which mines foreign student data from the U.S. Immigration and Customs Enforcement to create an extraordinarily informative overview of the foreign student population in the United States. The report covers the period from 2001-2012 when […]

     
  • Saudi Arabia Continues Extremist Crackdown: 88 Arrested ‘On the Verge of Carrying Out Operations’
     

    The government of Saudi Arabia has arrested 88 it says were “on the verge of carrying out operations,” news agencies are reporting. The move is the latest in an ongoing crackdown on extremism. The arrests follow remarks made by King Abdullah over the weekend to foreign Ambassadors to Saudi Arabia in which the Custodian of […]

     
  • King Abdullah’s Message to the World: Destroy the Islamic State Before It Spreads to the West
     

    At a meeting for new diplomats in Riyadh, Saudi Arabia’s King Abdullah warned that the Islamic State (also known as ISIS or ISIL) may spread to Europe and the United States if it is not first destroyed in Iraq and Syria. According to the AFP/Yahoo, King Abdullah made the blunt remarks at a welcoming ceremony on Friday for […]

     
  • 5 Things to Know about the TASI Opening
     

    Last month’s announcement that the Saudi Arabian stock market, known as the Tadawul or TASI, would open to foreign investment has created waves of optimism from news outlets to seasoned investors. Most think the opening of the market will be great for investors and provide extra liquidity and capital into the market, but the Saudi […]

     
  • A Tadawul Opening Road Map
     

    Jadwa Investments is a well respected Shariah-compliant investment bank based in Saudi Arabia.  Jadwa’s market studies and regular updates can be counted on to be highly informed and concise analyses of the topic at hand. Their monthly ‘Chartbooks,’ quarterly GDP updates, annual budget report and specific sector analysis are regular features on the Saudi-US Trade […]

     

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