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Recent stories from sustg

  • 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 […]

     
  • Formidable
     

    Although many in the intelligence community assert that American (at least) foreign policy leaders had been alerted to the threat of re-emerging Sunni extremism in Iraq, the seemingly sudden appearance of ISIS (also Islamic State, IS, ISIL or Da’ish) in June 2014 has forced the United States along with its regional allies, Europe and even […]

     
  • FocusKSA Video: Former U.S. Ambassador to Saudi Arabia James Smith on the King Abdullah Scholarship Program
     

    The number of students participating in Saudi Arabia’s King Abdullah Scholarship Program has skyrocketed over the past decade from around 2,000 students in 2002 to over 80,000 today, comments former U.S. Ambassador to Saudi Arabia James B. Smith. In a recent FocusKSA (a joint Saudi-US Trade Group/SUSRIS.com initiative) interview with Pat Ryan, SUSRIS Editor-in-Chief, former U.S. […]

     
  • ‘A New Page’ for Diplomacy between Saudi Arabia and Iran?
     

    In what may be another step in a growing thaw in Saudi-Iranian relations, Iran’s Deputy Foreign Minister Hossein Amir Abdollahian visited Jeddah, Saudi Arabia on Tuesday and met with Saudi Arabia’s Foreign Minister, Prince Saud al Faisal. In remarks to Reuters following the meeting, Abdollahian said that both countries agreed that “a new page” was […]

     
  • 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 […]

     
  • Sfakianakis: ‘The great giant of the emerging markets has finally awakened’
     

    Saudi Arabia’s stability in contrast to many of its neighbors in the Middle East region is a cause for optimism for the Kingdom’s economy and future, writes John Sfakianakis in the Financial Times’ Beyond Brics blog. Noting that those who argue that the Kingdom is the next destination for turmoil have “been thinking that for […]

     
  • ‘Clash of Investment Cultures’ Awaits Foreigners in Saudi Stock Market
     

    Marwa Rashad and Andrew Torchia report on the impact on the Saudi stock market in the wake of the announcement that the Tadawul will open to foreign investors, and interview stock trader Mohamed al-Otaibi on his current “shorter-term approach” to investing in the market:

     
  • 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 Tadawul Surges in Wake of Opening Announcement
     

    The recent announcement that the Saudi Stock Market will open to foreign investors is causing a surge in the market for investors, according to a report in Bloomberg:

     

MUST-READS

  • A Saudi cartoonist has been sentenced to 23 years in prison, activists say

    Al-Ghamdi drew under the pen name Al-Hazza, with some of his cartoons poking fun at challenges during the holy Muslim fasting month of Ramadan, as well as touching occasionally on the politics of the Middle East. But political cartoons, like the content of Arabic-language newspapers in the Gulf states, must carefully thread the needle when discussing the region’s autocratic rulers even in the best of times.

  • New Saudi-U.S. Outfit WeirdBunch Launches With Aim to Make Marvel-Like Content With a Middle-East Flavor

    A new studio called WeirdBunch Entertainment, which aims to make Marvel-like content with a Middle-Eastern flavor, is being launched by a group of industry execs with offices in Saudi Arabia and Los Angeles. WeirdBunch brings together prominent Saudi puppeteer, producer and podcaster Ammar Al-Sabban, who worked on the Arabic adaptation of “Sesame Street”; Marvel comics writer B. Earl; Keith Fay, who is a former director of original series at Cartoon Network; and Saudi entrepreneur and financier Abdullah Al-Sabban.

  • Saudi Arabia and Beyond: Meet the Women Leaders in the World of Sailing

    With five America’s Cups under her belt and over 25 years of experience, Ryan has traveled far and wide to various race locations, including Saudi Arabia in November 2023. The venue for the America’s Cup Preliminary Regatta was the Jeddah Yacht Club – notably the only event ever to be hosted outside of Barcelona in this series of the America’s Cup. “I really wanted to spread the reality of what I saw in Saudi Arabia. A lot of people said to me, ‘How did you feel as a female event director running an event in Jeddah; was that challenging?’ I said, ‘Not in the slightest.’ There were many women involved in the Saudi Federation and organizations, and I never once felt any difficulty or challenge being a woman running professional events on this scale. And I wanted more people to realize that.”

  • SBC Concludes Participation in the Saudi-South African Business Forum

    The Saudi Business Center (SBC) has concluded its participation in the Saudi-South African Business Forum, which was held yesterday here by the National Competitiveness Center, the Federation of Saudi Chambers of Commerce, and the Department of Trade, Industry and Competition of the Republic of South Africa. SBC participated in the event to raise awareness about the services provided by government partners to the business sector, and to facilitate the initiation and conduct of business in Saudi Arabia.

  • EU sanctions Iran over alleged missile transfers to Russia

    The European Union has announced sanctions against more than a dozen Iranian individuals and firms, including the country’s deputy defence minister and national airline, over the alleged transfer of missiles and drones to Russia. The European Council said on Monday that seven individuals and as many entities in total would be subject to an asset freeze and travel ban over their involvement in transferring weapons and equipment to Moscow for use in its war against Ukraine.

  • Israel assures US it won’t strike Iranian nuclear or oil sites, US officials say

    The Biden administration believes it has won assurances from Israel that it will not hit Iranian nuclear or oil sites as it looks to strike back following Iran’s missile barrage earlier this month, two U.S. officials said Tuesday. The administration also believes that sending a U.S. Terminal High Altitude Area Defense battery to Israel and roughly 100 soldiers to operate it has eased some of Israel’s concerns about possible Iranian retaliation and general security issues.

  • The Sahara Desert flooded for the first time in decades. Here’s what it looks like

    Striking images from the Sahara Desert show large lakes etched into rolling sand dunes after one of the most arid, barren places in the world was hit with its first floods in decades. The Sahara does experience rain, but usually just a few inches a year and rarely in late summer. Over two days in September, however, intense rain fell in parts of the desert in southeast Morocco, after a low pressure system pushed across northwestern Sahara. Preliminary NASA satellite data showed nearly 8 inches of rain in some parts of the region.

  • Saudi Arabia to open four airports for private sector by 2025

    He stated that Saudi Arabia is set to become one of the world’s largest producers of green energy. Additionally, he emphasized the importance of regionalizing supply chains, with plans to establish centers for logistics supply chains in the kingdom.

  • Preview: Saudi Arabia Target Crucial Win Against Bahrain in World Cup Qualifier

    Saudi Arabia, under coach Roberto Mancini, look to end a three-match winless run at home. They previously suffered defeats to Jordan and Japan and settled for a draw with Indonesia. This match provides an opportunity for Saudi Arabia to regain form and push for qualification.

  • Odds rising that Saudi Arabia may ‘open floodgates’ on oil production – report