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Recent stories from sustg
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Storms Pound Saudi Arabia as Floods in Jeddah Claim 12 lives
- November 18,2015
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- SUSTG Team
At least 12 people are dead as torrential rains have flooded Jeddah, Saudi Arabia’s second-largest city, as thunderstorms reportedly turned “wadis into rivers and alleyways into raging torrents.” Local meteorologists report the city received 22 millimetres (.86 inches) of rain over a few hours. Two people were electrocuted when they touched a lamp post as they […]
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Consumers in Saudi Arabia Unaffected by Slump in Oil Price, Government Fiscal Policy Shifts
- November 2,2015
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- SUSTG Team
Consumers in Saudi Arabia are thus far reportedly feeling few effects of the fall in oil prices on the broader Saudi economy, Bloomberg reports, though the government is taking measures to curb spending and adjust its fiscal policy to new realities. “It’s Saudi policy in action,” writes Bloomberg. “When the revenue slows down, as it’s doing […]
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This is Damascus Now: Incredible Drone Footage Reveals Extent of Devastation in Damascus from Syria’s Bloody Civil War
- October 23,2015
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- SUSTG Team
Incredible aerial footage of Syria’s capital, Damascus, has emerged showing widespread devastation to a once vibrant city. The Associated Press reports that the original video was shot by RTR war correspondent Yevgeny Poddubny on October 18, noting, “thousands of Syrian army airstrikes and barrel bombs dropped from army helicopters throughout the country’s civil war have reduced […]
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In First Interview as Capital Markets Authority Chairman, Mohammed Al-Jadaan Indicates Willingness to Open Stock Market to Wider Foreign Investment
- October 21,2015
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- SUSTG Team
Saudi Arabia would be open to relaxing its rules on foreigners investing directly in its stock market to help it get included in global indices, the chairman of the Capital Market Authority told Reuters. In his first interview with international media, Al Jadaan told Reuters that “[o]ne of our objectives is to ensure we are […]
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CMA Tightens Curbs on Anonymous Investors in Preventive Measure to Curb Money Laundering and Terrorist Financing
- October 14,2015
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- SUSTG Team
Saudi Arabia’s Capital Market Authority has further tightened its restrictions on anonymous investors trading shares through brokers in a bid to prevent money laundering and financing of militant groups, Reuters reports. The new rules apply to Saudi and Gulf-based brokers and banks “which offer opportunities to invest in the Saudi stock market through funds called ‘nominee accounts’. […]
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Riyadh Metro Milestone Hit As Drilling Completed in First Tunnel Section
- October 8,2015
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- SUSTG Team
Saudi Arabia’s long-awaited Riyadh metro project has hit a major milestone as a consortium led by Spanish construction giant FCC said it has completed the drilling work related to the first tunnel section of Line Five (Green line). According to TradeArabia, FCC said these works “represent a new milestone for the consortium after becoming the […]
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Saudi Foreign Minister Adel Al-Jubeir Deplores World’s Inability to End Bloodshed in Syria in UN Speech
- October 2,2015
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- SUSTG Team
In a passionate speech to the members of the UN General Assembly yesterday, Saudi Arabia’s Foreign Minister Adel Al-Jubeir said “those whose hands are stained with the blood of the Syrian people” have no place in a “new Syria” and expressed deep concern that the international community has been unable to save innocent Syrians from the […]
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An Overview of the Conflict in Yemen, in Maps
- October 1,2015
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- SUSTG Team
The European Council on Foreign Relations published an extensive and informative overview of the conflict in Yemen using maps to show the country’s political history and ongoing conflicts. “Far from reaching a tidy conclusion,” the conflict is War in”growing, if anything, more complicated by the day,” the EUCFR writes. “Rather than being a single conflict, […]
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Democratic Ex-Congressman Calls for Deepening of U.S.-Saudi Ties, ‘This partnership serves U.S. economic as well as security interests’
- September 29,2015
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- SUSTG Team
Former Rep. Gary L. Ackerman (D-N.Y.) from New York, who served for 30 years in the U.S. House, has penned an op-ed in The Hill outlining the importance of strengthening ties between the U.S. and Saudi Arabia. “Sometimes, it’s a good idea to reach out to your enemies. But don’t ever take old friends for […]
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Saudi King Salman Orders Safety Review After Hajj Stampede Tragedy
- September 25,2015
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- SUSTG Team
Saudi Arabia’s King Salman has ordered a safety review for the Hajj pilgrimage after at least 717 people died and 863 were injured in a stampede at Mina, near the holy city of Mecca, according to reports. Via a report in Germany’s DW, Saudi officials put the blame for the tragedy partially on”undisciplined pilgrims” who […]
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MUST-READS
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MarriottMarriott International : course to jump start hospitality career for Saudi nationals
Tahseen, a unique hospitality management development program focused on fast tracking next generation Saudi leaders, has been introduced by Marriott International with a view to providing a springboard to launch successful careers in the countrys robust hospitality sector.
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Saudi AramcoSaudi Aramco uses new technology to re-explore vast Empty Quarter
Oil giant Saudi Aramco is using new technology to re-explore areas of the vast Arabian desert known as the Empty Quarter, which could help to bolster its proven reserves of oil and gas before the company offers its shares to the public.
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Smart Phone SalesHuawei ranks second in Kingdom’s smartphone market share
Huawei has ranked second in smartphone market share in Saudi Arabia, according to a new study published by GfK. Huawei exceeded iPhone’s market share as of end of July. Huawei’s market share is 17.3 percent, while Apple ranks third with 16.4 percent.
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MotivaSaudi-owned Motiva closes Port Arthur refinery
Motiva Enterprises has closed its refinery in Port Arthur, Texas — the biggest in the nation — because of floodwaters that are inundating the area east of Houston near the Louisiana border.
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U.S. State DepartmentTop State Department Officials Step Down in “Black Friday” Exodus
The top State Department envoy responsible for overseeing U.S. policy at the United Nations and other international organizations stepped down from her post Friday, continuing an exodus that is thinning the ranks of America’s most experienced career diplomats, according to a U.S. official.
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Cities of ConvictionSaudi artists find common threads with Utah
“The word ‘artist’ means someone who is liberated,” said Al Rashad, a Riyadh-born artist nearing the end of a six-week residency at the Utah Museum of Contemporary Art. She acknowledged that “we have certain limitations” in Saudi Arabia, though she argues that every culture places some social or commercial restrictions on its artists.
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Epicenter XArt brings contemporary Saudi life into focus
An exhibition of contemporary Saudi art at the Arab American National Museum outside Detroit is giving Americans a new and different look inside the kingdom.
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Start-Up InvestingMiddle East start-up investment nears $1 billion in 2017
Showing the strong business potential for entrepreneurs, start-up investment in the Middle East and North Africa will near $1 billion in 2017, according to the World Economic Forum.
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Grand MosqueSaudi Arabia to restart work on $26.6 bln Grand Mosque expansion
Saudi Binladin Group will restart work next month on the $26.6 billion expansion of the Grand Mosque in Mecca, nearly two years after work stopped in the wake of a crane collapse at the site that killed 107 people, sources told Reuters on Thursday.
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IraqIraqi Shi’ite Militias Pledge to Take Part in Next IS Fight
Iraq's Shi'ite militias announced on Monday they will participate in the next major battle against the Islamic State group after the Iraqi forces' victory in Mosul last month. The Shi'ite militias did not fight in the urban part of Mosul, Iraq's second-largest city, but were key in clearing far-flung villages of IS and capturing supply lines in the desert west of Mosul toward Iraq's border with Syria.
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