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Marking Saudi National Day Celebration, U.S. Ambassador to the Kingdom Congratulates Saudis on Modernization
- September 23,2014
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- SUSTG Team
The Kingdom of Saudi Arabia marks its 84th National Day today, a celebrating 84 years as a unified Kingdom and marking the anniversary of the formation of Saudi Arabia by the late King Abdulaziz. Establishments across Saudi Arabia’s cities were turning green in celebration and local municipalities were preparing events for Saudi citizens today, Arab News reports. […]
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NCB’s October 19th IPO May be 2014’s Second Largest Behind Alibaba
- September 22,2014
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- SUSTG Team
Saudi Arabia’s National Commercial Bank is set to issue an IPO in October that might raise as much as 16 billion riyals ($4.3 billion), which would be the second largest of 2014 behind China’s Alibaba Group Holding Ltd., Bloomberg’s Matthew Martin reports. The IPO will list 300 million shares totaling 15% of the lender’s share capital, with an additional 200 million shares, […]
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LG Breaks a Record on way to King Khalid International Airport
- September 19,2014
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- SUSTG Team
It’s about 45 kilometers from Riyadh to King Khalid International Airport. For a couple kilometers during that trip you are now able to see the largest outdoor advertising structure ever. In fact, for about a quarter of a kilometer you will be passing right by it. LG built it to promote its G3 phone and […]
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Long Taboo, Cinema to Return to the Kingdom of Saudi Arabia
- September 19,2014
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- Lucien Zeigler
Saudi Arabia will relax its ban on cinema and film-related activities in the Kingdom, according to reports. The change didn’t come with an announcement, but rather, with an adjustment to a feature on the Ministry of Labor’s web portal for entrepreneurs, according to Arab News. Information on how to register for cinema licenses is now […]
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#FocusKSA: Mark N. Katz Discusses Regional Challenges for the Arabian Gulf States
- September 18,2014
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- SUSTG Team
SUSRIS’ Pat Ryan spoke with George Mason University’s Mark N. Katz, who recently attended the “Arabian Gulf and Regional Challenges” conference that took place September 16-17, 2014, in Riyadh.
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Saudi Arabia’s Labor Ministry Launches Web Site to Handle Complaints, Educate Workers
- September 18,2014
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- Lucien Zeigler
Saudi Arabia’s Ministry of Labor has launched the online web portal www.laboreducation.gov.sa to educate expatriate workers on their rights and handle complaints systematically, Arab News reports. Launched on Tuesday, the site “aims to boost awareness about workers’ rights and the rules that regulate the relationship between the employee and employer in the Kingdom,” but the […]
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Fahad Nazer in ‘Foreign Affairs’: Renewing Vows With Saudi Arabia
- September 18,2014
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- SUSTG Team
The U.S. and Saudi Arabia “are ready to let bygones be bygones” as the two nations seek to coordinate in their efforts to fight the Islamic State, but “much will depend on the Obama administration’s ability to articulate a clear long-term strategy for the Middle East — and specifically for the two countries where ISIS […]
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KAFD: Saudi Arabia’s ‘City Within a City’ Slated for Soft Opening as Kingdom Gears Up To Be Financial Hub of the Gulf
- September 17,2014
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- Lucien Zeigler
A date has been set for a “soft opening” of Saudi Arabia’s King Abdullah Financial District, a mega project in Saudi Arabia’s capital city that has been under construction for years. Situated on the outskirts of Riyadh, the new development bears the name of a King who has steered a nation through a period of […]
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Female Saudi Student Abroad: ‘I can confidently claim that being able to drive has transformed my daily life’
- September 15,2014
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- SUSTG Team
In an op-ed published by the Riyadh-based english daily Arab News, PhD student Hatoon Kadi writes that being able to drive while abroad in the U.K. “has transformed my daily life.” The post, entitled “Memoirs of a Saudi Ph.D. student: Convenience of owning a car,” was published in Monday’s edition of the newspaper. It is the latest […]
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Arab States Offer Willingness to Conduct Air Strikes on Islamic State as CENTCOM Chief Visits Riyadh
- September 15,2014
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- Lucien Zeigler
The U.S. has received offers from “several” Gulf allies to aid in airstrikes against the Islamic State, according to the New York Times and several other news outlets as US CENTCOM chief Lloyd James Austin III met with Crown Prince Salman in Riyadh today. Following President Obama’s announcement that he would drastically increase strikes against Islamic State positions in Iraq, Secretary of […]
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Surprise Battlefield Encounter Led to Hamas Leader’s Death
In the end, the Israeli officials said, he was killed above ground on Wednesday, alongside two other militants, with no sign of hostages nearby. The Israeli authorities said they had confirmed his death on Thursday, using dental records and fingerprints. His DNA was also tested for confirmation, according to one Israeli official and the White House. While some hoped Mr. Sinwar’s death might signal an end to the Israeli invasion, Prime Minister Benjamin Netanyahu indicated that the offensive would not stop just because the engineer of last year’s deadly surprise attack on southern Israel had been killed.
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Sinwar’s killing means much uncertainty for the war in Gaza but also possible opportunity
“This would really be the cherry on the icing of the cake for Israel,” said Nomi Bar-Yaacov, an associate fellow of the International Security Program at the Chatham House think tank in London. “It should be easier to reach a deal.” With the architect of the Oct. 7 attacks eliminated, Prime Minister Benjamin Netanyahu could now tell Israelis that one of the war’s aims has been reached. Politically, that might allow him to be more flexible on a cease-fire deal that ends the war in exchange for hostages — a condition he has so far refused to accept, at least in part, critics say, because it could threaten his rule.
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Netanyahu promises more war, dashing peace hopes after Hamas leader killed
Prime Minister Benjamin Netanyahu's promises to press on with Israel's wars in Gaza and Lebanon dashed hopes on Friday that the killing of Hamas leader Yahya Sinwar might help end more than a year of escalating conflict in the Middle East. Lebanese militant group Hezbollah meanwhile vowed to escalate fighting against Israel and its backer Iran said "the spirit of resistance" would be strengthened by the death of its Palestinian ally Sinwar in Gaza.
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China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus
China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since late September, but markets are waiting for more details on the size of the package and a clearer road map to put the economy back on a solid longer-term footing.
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At BRICS summit, Russia to push to end dollar dominance
Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts the group's leaders at a summit next week. President Vladimir Putin is keen to build up BRICS - which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa - as a powerful counterweight to the West in global politics and trade.
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World Bank predicts strong economic growth for UAE and Saudi Arabia in 2025
Saudi Arabia’s economy is projected to remain resilient, with GDP expected to grow by 1.6% this year and accelerate to 4.9% in 2025. Inflation in Saudi Arabia is anticipated to remain stable at 2.1% in 2024 and rise slightly to 2.3% in 2025. Both figures are below the Gulf Cooperation Council (GCC) average, forecasted at 2.2% in 2024 and 2.7% in 2025.
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Swizz Beatz’s guide to AlUla, Saudi Arabia
"My relationship with AlUla is like seeing a seed planted in the ground and watching a beautiful flower grow," says Dean, who was among the first invited to watch the construction of the city's massive Maraya performance venue – a mirror-clad behemoth rising out of the desert sands – and eco-friendly luxury accommodation resorts like Our Habitas. "Seeing the vision coming to life in front of my eyes has been magical to watch."
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Nadal-Alcaraz and Djokovic-Sinner are the Six Kings Slam exhibition matches in Saudi Arabia
Rafael Nadal starts his pre-retirement farewell tour against Carlos Alcaraz on Thursday at the Six Kings Slam, and Novak Djokovic faces Jannik Sinner at an exhibition event that awards money but no ATP ranking points and is Saudi Arabia’s latest foray into tennis. Riyadh will host the WTA Finals next month to open a three-year deal as the kingdom continues to invest in various sports, despite concerns about LGBTQ+ and women’s rights there raised by Hall of Famers Chris Evert and Martina Navratilova and others.
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Khashoggi death: Saudi ambassador reveals new details
Speaking to host Anne McElvoy, the kingdom’s top diplomat in London described the death and dismemberment of Khashoggi as “an awful crime — a stain on our country, not just the government but every Saudi out there,” while firmly denying any complicity by the powerful Saudi monarch. “A group of people did something pretty horrible,” he told McElvoy. “But this is not what we do. We’ve never done that. There are others in the region who do a lot of that, including Israel.”
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Saudi Arabia to raise localization rates in 4 health professions effective from April 17, 2025
This will initially apply to all hospitals and other health facilities in major cities of Riyadh, Makkah, Madinah, Jeddah, Dammam, and Al-Khobar, as well as to large health facilities in other regions, and this will be effective six months after announcement of the decision, from April 17 next year. The second phase will begin one year after the announcement of the decision, effective from October 17, 2025 when Saudization rates will extend to cover all health facilities nationwide.
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