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John Sfakianakis Hired by London-Based Ashmore Group PLC to Lead Middle East Expansion – Report
- September 29,2014
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- SUSTG Team
Bloomberg’s Matthew Martin reports that veteran banker John Sfakianakis has been hired by UK-based Ashmore Group PLC to head expansion into the Kingdom ahead of Saudi Arabia’s market opening. According to the report, citing unnamed sources, Sfakianakis will be director for the GCC for Ashmore. Sfakianakis is a frequent contributor to SUSTG.com.
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US Training Teams Arrive in Saudi Arabia As Brass Praise Arab ‘Professionalism’ in Coordinated Strikes
- September 29,2014
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- Lucien Zeigler
US Secretary of Defense Chuck Hagel and Chairman of the Joint Chiefs of Staff, Army Gen. Martin E. Dempsey announced at a joint press conference that U.S. trainers have arrived in Saudi Arabia to assist in the development of moderate Syrian rebels, the Voice of America reports. “Opposition fighters are being vetted by U.S. military, […]
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Saudi Arabia’s Latest Record: The World’s Tallest Flagpole
- September 26,2014
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- SUSTG Team
Move over, Tajikistan: Saudi Arabia now has the world’s tallest flagpole. In Jeddah this week, Makkah Governor Prince Mishaal bin Majed presided over the unfurling of Saudi Arabia’s national flag on the world’s tallest flagpole – a new Guinness World Record for the Kingdom. Soaring over nearby high rises, the flagpole can be seen for miles […]
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Jamal Khashoggi on the BBC News Hour: Saudi Arabia Will Continue to Fight IS ‘Short of Sending Ground Troops’ [Audio]
- September 25,2014
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- Lucien Zeigler
In an interview on the BBC News Hour, Saudi journalist Jamal Khashoggi addressed the latest developments in the joint U.S.-Arab military action against Islamic State positions in Iraq and Syria. “Saudi Arabia is already at war with ISIS since 2003, when IS was still Al Qaeda, so it is the same thing – the same […]
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UAE Fighter Pilots who Bombed IS in Syria Led by Female Commander
- September 25,2014
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- SUSTG Team
A Saudi Prince and a female fighter pilot from the United Arab Emirates took part in this week’s airstrikes on the Islamic State in Syria, according to reports and photos emerging on the social networking site Twitter. Fighter pilots from the UAE’s air force were led by Maj. Mariam Al Mansouri, a female commander of the […]
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Saudi Foreign Minister Prince Saud Al-Faisal Remarks to the Global Counterterrorism Forum in New York
- September 25,2014
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- SUSTG Team
[Press Release] Saudi Foreign Minister Prince Saud Al-Faisal addressed the Global Counterterrorism Forum yesterday in New York to discuss international efforts toward combatting global terrorism. During his remarks, Prince Saud stated, “Faced with such serious realities, we are required today to initiate polices and take fateful and resolute decisions to confront this vicious attack with full force and determination, and to act seriously […]
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IMF Report on Saudi Arabia Cites Growth, Finds Near-Term Outlook ‘Positive’ but Warns of Deficit in 2015
- September 24,2014
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- SUSTG Team
A recently released detailed report on the economy of Saudi Arabia by the IMF finds the Kingdom’s current economic situation is on solid footing with near-term growth expected to continue, but warns of a looming fiscal deficit in 2015. “Saudi Arabia’s economy has grown very strongly in recent years, benefitting from high oil prices and output, […]
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Riyadh and Jeddah in Top 10 Global Hometowns of America’s Foreign Students
- September 24,2014
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- SUSTG Team
We recently recommended the Brookings Institution’s innovative study of foreign students in America (Brookings’ Gold: Interactive Data On Foreign Students In U.S. Higher Education). By mining visa data the study discovered a number of fascinating trends with regard to American higher education. Recognizing this commodity as a major service export, Neil Ruiz, the study’s author, […]
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‘Security, Lack of Co-Operation’ to Blame in Delay of Newcomers to Saudi’s Mobile Market, Report Finds
- September 24,2014
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- SUSTG Team
Reuters reports that state security requirements and a lack of co-operation from Saudi Arabia’s existing telecom operators have delayed the launch of two new mobile companies until later this year, citing their chief executives. “VMMEA in March said it hoped to launch services in the first half of 2014, while Mobily initially said its Jawraa’s […]
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Google’s Saudi National Day Doodle
- September 23,2014
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- SUSTG Team
On the occasion of the Saudi National Day Google featured a distinctive ‘doodle’ that recognized the celebration. The doodle was inspired by the annual Jenadriyah festival which celebrates Saudi Arabia’s culture and heritage. The Saudi National Day doodle appears when Internet users in Saudi Arabia land on the Google home page.
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Saudi Arabia’s first arrivals duty-free stores open at King Khalid International Airport
Hailing the inauguration of arrivals duty-free at King Khalid Airport on LinkedIn, Riyadh Airports Chief Commercial Officer Abdulaziz Al-Askaer said: “The duty-free shops have been launched in the arrivals area in a first of its kind in the Kingdom’s outlets and it represents a major achievement that reflects our continuous commitment to improving the experience of our dear passengers. “Visitors to the Kingdom will be able to shop in the store and get a wide variety of products and gifts at competitive prices of high quality.”
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Officials and envoys welcome Saudi Arabia’s new Global Harmony Initiative
Saudi authorities publicly unveiled their new Global Harmony Initiative on Wednesday night during an official launch event in Riyadh. The aim of the initiative, announced earlier this week, is to celebrate and showcase the diverse range of nationalities and cultures among residents of the Kingdom by exploring their professional and family lives, social and recreational activities, contributions to the economy, success stories and cultural integration into Saudi society, organizers said.
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Al Hilal chief hits back at Koeman criticism of Saudi Pro League
Netherlands coach Ronald Koeman underestimates the quality of the Saudi Pro League, Al Hilal CEO Esteve Calzada said on Thursday after the Dutchman refused to select winger Steven Bergwijn because of the player's move to Saudi Arabia. Bergwijn, 27, joined Al Ittihad from Ajax Amsterdam last month and was publicly called out by Koeman who said international selection was now closed to the player. Former Manchester City executive Calzada said the Dutch coach undervalued the Saudi top-flight, which in the last two years, helped by the country's Public Investment Fund, has spent a huge sum of money attracting top talent from across Europe.
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Prince Faisal bin Salman congratulates Dr. Mortel for obtaining Saudi citizenship
Prince Faisal bin Salman, special advisor to Custodian of the Two Holy Mosques and chairman of the Board of Directors of the King Abdulaziz Foundation for Research and Archives (Darah), congratulated Dr. Mortel on the occasion of obtaining the Saudi citizenship. During his meeting with Dr. Mortel at the Darah headquarters in Riyadh, Prince Faisal underscored the keenness of Saudi Arabia and its leadership on attracting experts and thinkers from various fields so as to contribute to the process of building a strong cultural and scientific society in the country.
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Saudi Arabia’s RHQ Programme continues to gain momentum
In 2024, the RHQ mandate is now in full effect. As of 1 January, MNCs without an RHQ in Saudi Arabia are no longer eligible to bid in government tenders above SAR1 million (USD266,000). Over 350 MNCs have obtained RHQ licences, with most choosing Riyadh as their base of operations. The capital city is already an economic business hub and is fast becoming a regional headquarters destination for international companies, with big names like Amazon, Google, Microsoft and PepsiCo already having a presence there.
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Lucid’s boss on sputtering EV market, Elon, and doing business in Saudi Arabia
I didn’t go out and try to seek Saudi money specifically. But I needed billions of dollars. And to get that, we needed a proof point, because there was a whole phalanx of EV startups just trying to ride the coattails of Tesla’s market cap. So we partnered with McLaren and we developed the most advanced electric motorsport battery pack. And guess what happened? Saudi Arabia said we’d like to host a Grand Prix event for electric motorsport. That Saudi race was the first race where our battery pack featured and that was the proof point for the Saudis. So these talks were happening with His Excellency, Yasir [Al-Rumayyan], in the summer of 2018. He’s quite an accomplished racing driver, and I decided that none of my test drivers were driving our cars fast enough to impress. So I took him out. I think I scared the devil out of him, flat out around the block. And they were in.
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Secretary Blinken’s Call with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud
Secretary of State Antony J. Blinken spoke today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud to discuss the death of Yahya Sinwar and the importance of ongoing efforts to end the conflict and secure the release of hostages. The Secretary discussed ongoing work towards a post-conflict period in Gaza that ensures Hamas does not remain in power and provides a path for the people of Gaza to rebuild their lives and realize their aspirations. The Secretary and Foreign Minister also discussed the situation in Lebanon and the urgent need to deliver humanitarian aid to all vulnerable populations there. The Secretary expressed appreciation for the humanitarian aid Saudi Arabia is providing to Lebanon and reaffirmed continued U.S. efforts to promote a diplomatic resolution along the Blue Line that implements United Nations Security Council Resolution 1701. The Secretary thanked the Foreign Minister for Saudi Arabia’s role to promote regional peace and stability.
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Saudi Arabia extends grace period for payment of 50% traffic fine reduction for another six months
The Ministry of Interior announced on Thursday the extension of the grace period for the payment of a 50 percent reduction in accumulated traffic fines for another six months. This is in implementation of the directives of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed bin Salman, the Saudi Press Agency reported. According to the directive of the highest authorities, the new grace period will end on April 18, 2025. The royal directive came in the wake of the expiry of a previously announced six-month grace period on Friday, October 18, 2024
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How Noor Stars became the Arab world’s biggest YouTube star
“It was 2011. We were at an airport in Turkey, and we had been there all day, with my sister, brother, and my mother. She was in a wheelchair. We were cold, we were hungry, and we were scared. Someone was supposed to pick us up, but nobody came. I kept saying, ‘Oh God, why us, why me? What did I do to go through all of this, and I am not even 14 years old?’ But now I see, everything happens for a reason.” Whatever the reason, a lot has happened. Three years later, in Michigan, Naim made her first-ever YouTube video. And today, at just 27, Naim – better known as Noor Stars – is the biggest Arab female YouTube star on the planet, with 21.1 million subscribers to her channel. Add to that nearly 16 million on Instagram, 3.4 million on Facebook, 10.3 million on TikTok, and 3 million on Snapchat – combined with her podcasts – Naim has nearly 60 million followers across her multiple platforms.
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US stealth bombers strike 5 Houthi weapons bunkers
In December 2023, the Pentagon launched Operation Prosperity Guardian, a mission led by the U.S. and involving multiple countries, which has sought to protect ships transiting the waterway. Most companies have instead rerouted away from the Red Sea, though, and U.S. Navy vessels located there have faced repeated attacks from the group, which America’s government considers a terrorist organization. “At the direction of President Biden, I authorized these targeted strikes to further degrade the Houthis’ capability to continue their destabilizing behavior and to protect and defend U.S. forces and personnel in one of the world’s most critical waterways,” Austin said.
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