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Recent stories from sustg
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Saudi Arabia Sees Limited Impact from US Shale Oil While SABIC Eyes Gas
- April 14,2013
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- Lucien Zeigler
According to this report by Summer Said in the Wall Street Journal, a close advisor of Saudi Arabia’s Minster of Petroleum and Natural Resources Ali Al Naimi said that the production of oil from shale will be “too limited and costly” to make a significant impact on the interests of exporters, but that the so-called […]
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Photos of Saudi Arabia’s Impressive Pavilion at the Hannover Industrial Forum in Germany
- April 11,2013
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- Lucien Zeigler
Saudi Arabia’s presence at the Hannover Industrial Forum, which took place in Hannover, Germany this week, is worth seeing. The Kingdom constructed a massive pavilion to show off business opportunities in Saudi Arabia and provide a networking platform for visitors of the expo in Hannover, Germany.
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Billionaires Prince Alwaleed bin Talal, Bill Gates Team Up to Defeat Polio
- April 10,2013
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- Lucien Zeigler
Two of the richest men in the world, and the two richest men in the United States and Saudi Arabia respectively, are teaming up through their foundations to finally eradicate polio, according to a press release. “The Alwaleed Bin Talal Foundation-Global (Registered in Lebanon), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, signed […]
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Hard Choices Ahead for MENA Energy Pricing
- April 5,2013
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- SUSTG Team
In order for Saudi Arabia to effectively address some of its most pressing challenges it will need to make some hard, unpopular and, quite likely, disruptive choices. The current uproar over the expulsion of illegal foreign workers, for example, doesn’t change the fact that it is a necessary step in re-ordering the incentives of private-sector […]
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Stanford University in California Asks Five Questions of Saudi MBA Alumnus Fahd Al-Rasheed, CEO And Managing Director Of King Abdullah Economic City (KAEC)
- April 3,2013
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- Lucien Zeigler
Saudi Arabia’s King Abdullah Economic City (KAEC) is set to astonish the world when completed, and it is only one of four brand new cities that will be constructed by the Kingdom in the coming years. At a cost of more than $100 billion, Saudi Arabia began construction on four new economic cities designed to […]
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Op-Ed: Block of WhatsApp, Skype Flunks Smart Phones
- April 2,2013
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- SUSTG Team
The proposal by telecommunications regulatory commissions in Saudi Arabia to ban VoIP services like WhatsApp and Skype, which are an inexpensive and preferred way by many to communicate, particularly between students and families abroad, has caused several in the Saudi media to take issue with the ban.
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A Kingdom’s Thirst: The Saudi Water Challenge
- March 29,2013
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- Lucien Zeigler
It’s no secret that Saudi Arabia is a dry place in a particularly arid region of the world. The dearth of water resources in the Kingdom is among its foremost challenges, with some estimates predicting full depletion by 2050 if nothing is done.
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17-day long Janadriyah festival for Saudi Heritage and Culture to begin April 3
- March 27,2013
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- Lucien Zeigler
The 28th National Festival for Heritage and Culture at Al-Janadriyah showcasing the cultures and traditions of Saudi Arabia will open Wednesday, April 3, the Saudi Gazette reports. The festival is a display of Saudi culture and tradition. China is a guest country at the celebration, and will have a pavilion that is 2.000 sq. meters “at the […]
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Unusual Video Footage Shows Saudi Arabia’s Grand Mosque Under Construction
- March 21,2013
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- Lucien Zeigler
Amazing footage of the ongoing construction at Mecca’s Grand Mosque surfaced on Facebook, showing the large-scale reconstructive efforts at the holy site in Saudi Arabia. The video, shot from what looks like a crane, shows worshippers circling the Kaaba with construction efforts ongoing at the mataf expansion not far away. The amateur footage shows the […]
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We’re here, can we come in? TASI and foreign investors
- March 20,2013
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- Richard Wilson
The figurative lobby to the Tadawul All Shares Index (TASI), Saudi Arabia’s stock market, is filling up with eager investors. Intrigued by the $387 billion Saudi stock market (three times the UAE bourses combined) and the $727 billion Saudi economy, many of them think… Brazil; whose fully accessible stock market’s capitalization exceeds $1 trillion. While […]
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MUST-READS
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EntertainmentSaudi Arabia announces live music permits as part of ambitious ‘year of entertainment’
In his first press conference since he was appointed to the role, Turki Al-Sheikh unveiled a number of initiatives and projects
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TasatturExpat traders call it quits, leave Saudi tasattur partners in a legal quandary
The sources said as many as 50 lawsuits were filed in courts against Saudis who rented the shops in their names but refused to pay the rents after the departure of expatriates who ran the businesses as the Ministry of Commerce and Investment intensified inspections against tasattur businesses.
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Stock MarketSaudi Stocks Enjoy Strong Start to Year as Oil, Indexes Eyed
Saudi Arabian stocks are enjoying their best start to a year in more than two decades amid improving prospects for oil prices and ahead of their long-awaited inclusion in major global benchmarks.
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Saudi WorkforceSaudi Arabia to partly pay private sector salaries of selected nationals
The programme aims to support the employment of jobless Saudi graduates, nationals in towns and villages with low population density, Saudi women and special needs individuals. The hiring will also support small and medium sized enterprises.
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RetailSaudi Alhokair’s mall unit files for IPO, offering in second quarter: sources
Saudi Arabia’s Fawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter of this year, sources told Reuters on Monday.
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Art and CultureMeet Saudi Arabia’s artist to the kings
During a lifetime at the easel, the unassuming Jeddah-based artist’s stunning creations have become the choice of kings.
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QatifSaudi Arabia pumps money into restive Shi’ite quarter
The government has spent more than $60 million to rebuild the 18-hectare (45-acre) al-Musawara and another $230 million to compensate residents for hundreds of razed homes. More money is being pumped in to rehabilitate schools, hospitals and malls as well as beaches, a fish market, and an old fort.
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FashionAbadia: The Label Marrying Traditional Saudi Artistry with Modern Silhouettes
The ethical luxury label’s pieces are helping preserve Saudi craftsmanship and are infused with cultural pride.
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NEOMSaudi Arabia to start first phase of Neom project
NEOM Bay will have white beaches with a "temperate climate" and designed to be eco-friendly and generate energy from renewable sources. Water desalination will be made without the disposal of harmful materials or residues to the marine environment.
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Digital MediaCanon partners with Copatra to spur Saudi Graphic Art industry
CANON Saudi Arabia, the leader in imaging and printing solutions, on Tuesday announced a strategic partnership with Copatra Graphics, a leading provider of printing and media solutions in the Kingdom of Saudi Arabia. With this collaboration, existing and prospective graphic art customers across the Kingdom will have access to Canon’s innovative, technology-led solutions, designed to deliver high quality and efficiency.
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