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Recent stories from sustg

  • The Good Stuff
     

    So, Walid, this Saudi student at the University of Southern California was in Pennsylvania talking with some Amish farmers about their camels… A lot has been made of the King Abdullah Scholarship Program (KASP) established in 2005 to encourage Saudi students to study abroad. It is a truly ambitious enterprise that has propelled 150,000+ Saudi […]

     
  • Saudi Arabia’s Timely Push for Solar to Reduce Oil Consumption
     

    It’s no secret that Saudi Arabia’s energy consumption is soaring, and that to meet increasing demand, the Kingdom is siphoning off more and more of its crude to power the booming Saudi economy. Although Saudi Arabia has plenty of oil, what is consumed to meet domestic power demand cannot be sold on the market. Writing […]

     
  • Why Saudi Arabia is ‘The Next Big Thing’ for Global Investors
     

    Leone Lakhani and Alanna Petroff write in CNN Money that Saudi Arabia is the “next big emerging market” following the announcement of the TASI opening to foreign investors. That report cited Saleem Khokhar, head of equities at the National Bank of Abu Dhabi’s asset management group, as saying that the market is “deeply liquid…with lots […]

     
  • Saudi Women’s Share in the Kingdom’s Commercial Activity Records a Sharp Increase
     

    According to a recent report in the Saudi Gazette, the Kingdom’s women are increasing their share in Saudi Arabia’s private sector commercial activity, the Ministry of Commerce and Industry said in an annual report: The latest in an uptick in female involvement in the workplace, the news follows another report in the Saudi Arabic-daily OKAZ […]

     
  • Turning the Corner on MERS
     

    When the spread of the deadly coronavirus MERS started making headlines on a daily basis in the Spring, international concern began to mount that the Saudi government wasn’t doing enough to contain the virus. New confirmed cases started emerging in other countries in the region, even reaching the United States. As the death toll mounted, […]

     
  • 35 percent of hotel rooms in Dubai occupied by Saudi Citizens on Summer Vacation
     

    Saudis are escaping the heat in the Kingdom by flocking to destinations abroad, but many aren’t making it far – a recent report in the Saudi Gazette finds that many are flocking to neighboring Dubai, a popular vacation spot for Saudis during the summer months. The Saudi Gazette reports that the high rates of Saudis […]

     
  • Over 43% of the World’s Natural Gas is in the Middle East, According to BP
     

    43% of the world’s natural gas reserves are in the Middle East region, a June 2014 report by energy company BP found. The BP Statistical Review of World Energy June 2014 found that 80.3 trillion cu/m of natural gas sits under countries in the Middle East. The annual report by BP published every June noted […]

     
  • For One Journalist, Dangers of Getting Too Close to Extremists Proves Costly
     

    Business Insider has an interesting item about how Aymenn Al Tamimi’s career came apart in public last week:

     
  • The Saudi Stock Exchange is Opening Up to Foreign Investment
     

    The Saudi Stock Market, also known as the Tadawul All-Share Index or TASI, will open up to foreign investment to money managers outside the GCC for the first time, Bloomberg reports citing the official Saudi Press Agency. “The oil-rich kingdom’s cabinet authorized the Capital Market Authority to allow overseas financial institutions to buy and sell […]

     
  • IP in Saudi Arabia: Why does Saudi society ‘prefer to buy pirated material’?
     

    A guest contributor to the Saudi Gazette lamented the Kingdom’s inability to stop pirating, saying “because of our negligence and violation of intellectual property rights, we have been prevented from buying electronic books from the world’s major providers of such material.” Abdullah Azzam noted that he was unable to purchase ebooks through Google Play because […]

     

MUST-READS

  • Record Growth: Over 294,000 Saudis Join Private Sector in 2024

    In the first nine months of 2024, a significant milestone was achieved in Saudi Arabia’s labor market. Over 294,000 Saudis joined the private sector, thanks to the Human Resources Development Fund (HADAF)’s substantial investment of $1.5 billion. Turki Al Jawini, HADAF’s Director General, confirmed this achievement. Al Jawini stated that approximately 1.7 million Saudis have benefited from HADAF’s programs and products. This highlights the significant investment in human capital. The country moves away from its dependency on oil through these efforts.

  • Coco Gauff: WTA Finals in Saudi Arabia can help ‘open doors’

    "I'm obviously very aware of the situation here in Saudi. My view on it is that I do think sport can have a way to open doors to people," Gauff told reporters Friday. "This is the first professional women's tennis event held here. The WTA pledged for the next three years to help the Future Stars program here in Saudi and introduce more Saudi women especially into the sport. "I think their goal is to have a million people playing tennis here by 2030. So hopefully with that, people see us and see what we represent, and hopefully that will enact more equality."

  • ‘It’s created an internal shitstorm’: turmoil at UK law firm accused of ‘whitewashing’ Saudi World Cup report

    In the methodology notes for the report, AS&H Clifford Chance says the scope was “determined by Saff in agreement with Fifa”. The notes also reveal the review was completed after only six weeks of desk work and relied solely on interviews with government ministries. Human rights groups and those affected by alleged abuses, such as migrant workers, were not consulted.

  • Saudi market highly competitive, high delivery fees among key challenges: Keeta CEO

    In 2023, Meituan served 680 million users, worked with 10 million merchants and attracted seven million riders. Meituan is also developing technologies such as drones and autonomous vehicles to help speed deliveries. Meituan is publicly traded on the Hong Kong Stock Exchange (HKG: 3690), with a market capitalization of approximately $140 billion. Keeta is the localized arm of Meituan, supporting the company’s international business and is fully operated by Meituan.

  • Saudi Arabia announces discovery of largest sea turtle nesting site in the Red Sea

    The Four Sisters Islands—Marmar, Dahreb, Malathu, and Jadir—are renowned for their high concentration of sea turtle nesting sites. To date, over 2,500 turtle nests have been recorded on these islands, establishing them as a crucial breeding ground for endangered sea turtles in the Red Sea. Remarkably, the sea turtles consistently return to these same nesting sites each year, underscoring the vital need to preserve these areas for the survival of these species. Furthermore, the islands host an exceptional number of endangered green turtles and critically endangered hawksbill turtles, making them some of the most significant sea turtle nesting sites in the region.

  • Saudi Arabia’s PIF to acquire 54% stake in MBC Group

    In a bourse filing, MBC Group, listed on the Kingdom’s main market, said that it was notified by Istedamah Holding Co., one of its major shareholders, on the finalization of a sale and purchase agreement with the Public Investment Fund on Nov. 1. Some prominent telecom, media, and technology firms backed by the wealth fund include Saudi Co. for Artificial Intelligence, Saudi Information Technology Co., Elm Co., and Saudi Telecom Co. “The completion of the transaction is subject to a number of conditions, including obtaining the necessary approvals and non-objections that might be required from the relevant entities,” said MBC Group.

  • 18th Saudi Relief Plane Departs for Lebanon with Essential Aid Supplies

    The 18th relief plane of the Saudi air bridge, operated by King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.

  • Saudi Arabia’s workforce hits 16.8M by Q2-end

    The number of workers in Saudi Arabia reached 16.8 million by the end of Q2 2024, labor market statistics from the General Authority for Statistics showed. The total number of workers in Saudi Arabia includes those subject to social insurance and civil service regulations and policies. According to the authority's data, the number of foreign workers in Saudi Arabia reached about 12.93 million, representing 76.6% of the total workers, while the number of Saudi workers reached 3.93 million, or 23.3% of the total.

  • Ali Shihabi, Saudi Political Commentator, joins Frankly Speaking: Video

    On this episode of Frankly Speaking, we’re joined by renowned Saudi political commentator Ali Shihabi. With the US elections just days away, we ask - does Saudi Arabia have a preferred candidate in this divisive race? And could the historic Saudi-US security pact still redefine regional dynamics?

  • The World’s Largest Building Breaks Ground in Riyadh, Saudi Arabia

    Construction has begun on the Mukaab, which will be the world’s largest building in Riyadh, Saudi Arabia. The indoor city will be the focal point of a 7-square-mile development dubbed Murabba, Riyadh's new downtown district. Derived from the Arabic word for cube, Mukaab is just that: a monumental, monolithic building that is perfectly symmetrical. The structure is slated to have a height, width, and length with the exact same measurement: 1,300 feet. Enclosed within an exterior screen whose triangular pattern is a modern interpretation of Najdi, the traditional Saudi architectural style, this geometric structure will contain an ‘interior’ city.