Recent stories from sustg

  • Khoja Out as Information Minister, Replacement Named
     

    Saudi Arabia’s King Abdullah relieved Culture and Information Minister Abdul Aziz Khoja of his post by royal decree and replaced him with Bandar bin Mohammed Asaad Hajjar, an economist and Saudi Arabia’s Hajj Minister.  Although an Arab News headline said that Culture and Information Minister Abdul Aziz Khoja “quit,” media outlets are speculating that the Khoja was actually […]

     
  • Energy Subsidies in the Gulf a Staggering $160 billion Annually, World Bank Says
     

    Gulf states are spending an average of 10% of GDP on energy subsidies each year, a total of $160 billion, an IMF official said according to Arab News. “The GCC and other MENA states must start cutting energy subsidies now otherwise problems associated with them will get worse,” said Shantayanan Devarajan, chief economist for the World Bank in Middle […]

     
  • Hamad Bin Nasser’s Classic Cars on Display in Qassim
     

    Hamad Bin Nasser is a fan of classic cars. The Saudi recently paid over $100,000 for a rare car from a collector in the United States, built in 1899.  Even the Emir of Qassim has visited his museum where the cars are viewable to automotive fans. The Saudi Press Agency recently posted photos of the […]

     
  • First Global Entrepreneurship Forum Kicks off in Riyadh, Saudi Arabia as Kingdom Eyes SME Growth
     

    The first Global Business Entrepreneurship Forum (GEF) was held in Riyadh, Saudi Arabia today to bring together top business and startup leaders to the Ritz Carlton Hotel near the Diplomatic Quarter in the Saudi capital.  Organized by the Centennial Fund, the GEF’s first event in Riyadh was a chance for entrepreneurs and others in the […]

     
  • The Best SPA Photos from October 2014
     

    In the September edition of the best photos from the Saudi Press Agency, a dazzling performance from Saudi security forces, infrastructure in the Kingdom, ancient woodworking and more.

     
  • Investing in Middle East Healthcare for both Financial and Social Returns
     

    It is no secret that Gulf Cooperation Council (GCC) governments are spending billions of dinars, riyals and dirhams on upgrading their healthcare infrastructure. Local and regional newspapers are filled with stories on newer, bigger and flashier hospital projects. Saudi Arabia’s 2013-2014 budget includes funds for 19 new hospitals in addition to the 102 hospitals currently […]

     
  • Video: Full Keynote Address by HRH Prince Turki Al Faisal at the 2014 AUSPC
     

    Prince Turki al-Faisal’s remarks to the 23nd Annual Arab-U.S. Policymakers Conference, entitled, “Framing and Charting the Region’s Issues, Interests, Challenges, and Opportunities: Implications for Arab and U.S. Policies” Saudi Arabia’s Prince Turki al-Faisal is Chairman, King Faisal Center for Research and Islamic Studies, Riyadh, Saudi Arabia and former Saudi Arabian Ambassador to the United Kingdom and to […]

     
  • Al-Jubeir: ‘Every Time the U.S. and Saudi Arabia Have Come Together, We have Done Wonders for the Region’
     

    In his luncheon keynote remarks to the National Council on US-Arab Relation’s annual policymaker’s forum in Washington, D.C., Saudi Arabia’s Ambassador to the United States Adel al-Jubeir discussed the historical and current status of the Saudi-U.S. relationship and it’s track record of success when facing regional and global challenges. Full video of his remarks can […]

     
  • At Policymakers Event, Prince Turki al-Faisal Takes Aim at Allegations of Saudi Support of Terror
     

    Saudi Arabia’s Prince Turki al-Faisal, Chairman, King Faisal Center for Research and Islamic Studies, Riyadh, Saudi Arabia and former Saudi Arabian Ambassador to the United Kingdom and to the United States of America, delivered sharp criticism of those who put forth unsupported allegations of Saudi financing of extremism abroad, urging them to come forward with […]

     
  • #FocusKSA: Power Subsidies and Electricity Supply in Saudi Arabia
     

    A clip from SUSTG.com’s recent FocusKSA discussion with Dr. Fahad al-Turki of Jadwa Investment highlights some challenges and opportunities in powering the Kingdom of Saudi Arabia.     Jadwa is a well-regarded, Shariah-compliant, investment firm based in Riyadh and Dr. Fahad spearheads a superb analysis team that publishes very informative reports such as it’s Chart […]

     

MUST-READS

  • Allen & Overy Opens Riyadh Office Ahead of Merger With Shearman

    Allen & Overy opened a new office in the Kingdom of Saudi Arabia after receiving its license to operate in the region, the firm announced Monday. The team in Riyadh includes A&O partners Hosam Ibn Ghaith and Haris Meyer Hanif. Following A&O’s merger with Shearman & Sterling, which is slated to close in May, the Riyadh office will be joined by Shearman’s local team led by Dr. Sultan Almasoud and includes partner Mohsin Suleman.

  • Riyadh Air joins United Nations Global Compact

    NEWS Riyadh Air joins United Nations Global Compact Riyadh Air joins the UNGC with the intention to incorporate United Nations Sustainability Goals across its operations. Riyadh Air has announced it has joined the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative that promotes responsible business practices and the advancement of the Sustainable Development Goals (SDGs). In a letter to António Guterres UN Secretary General, Riyadh Air CEO Tony Douglas officially committed Riyadh Air to implementing the Ten Principles of the UN Global Compact. As active participants of the UNGC, Riyadh Air will adopt sustainable and socially responsible policies in areas such as human rights, labour, environment, and anti-corruption and report on progress on these efforts regularly.

  • Saudi Cultural Mission Hosts Indiana University Students for Intercultural Exchange

    The Saudi Arabian Cultural Mission (SACM) in the US welcomed on Monday a delegation of students from Indiana University Bloomington, as part of the Arabic Language Program to enhance communication and exchange of ideas between different cultures. The delegation was welcomed by the Cultural Attaché at Saudi Arabia’s embassy in Washington Dr. Fawzi Bukhari. The delegation toured the King Abdullah Cultural Hall and was briefed on the exhibits portraying Saudi culture, SPA reported.

  • Saudi Arabia announces Eid Al Fitr holidays for public and private sectors from April 8

    Saudi Arabia has announced a four-day holiday for both public and private sector employees for Eid Al Fitr from Monday, April 8.
    The Ministry of Human Resources and Social Development confirmed the holiday, allowing most workers to enjoy a long break from Monday until Saturday.

  • Saudi prince holds extensive talks with civil, military leadership

    Saudi Defence Minister Prince Khalid bin Salman bin Abdul Aziz Al Saud’s day-long visit to Pakistan and extensive result-oriented discussions with civil and military leadership have infused a new hope for the dwindling economy of Pakistan. Chief of Army Staff (COAS) General Asim Munir visited Riyadh last week and extended an invitation for the visit in the presence of Saudi Crown Prince and Prime Minister Muhammad bin Salman. Prince Khalid is very close to his elder brother.

  • Marcos Likely To Visit Saudi Arabia As Countries Celebrate Emerald Anniversary Of Ties

    Philippine President Ferdinand Marcos Jr. is likely to visit Saudi Arabia as the two countries celebrate the 55th anniversary of diplomatic relations this year, Foreign Secretary Enrique Manalo told Arab News. Labor relations have been a main pillar of Saudi-Philippine ties, as the Kingdom is a major destination for overseas Filipino workers with more than 450,000 Filipinos working in the Kingdom between April and September 2022, latest government data showed.

  • Biden to host Iraqi leader with talks underway on winding down coalition against the Islamic State

    The leaders will “consult on a range of issues,” including the fight against the Islamic State and “ongoing Iraqi financial reforms to promote economic development and progress toward Iraq’s financial independence and modernization,” the White House said.

    The two countries have a delicate relationship due in part to Iran’s considerable sway in Iraq, where a coalition of Iran-backed groups brought al-Sudani to power in October 2022.

  • Hyundai, Red Sea Global agree on EV, AAM projects in Saudi luxury resorts

    Under a memorandum of understanding signed in Riyadh on Sunday, the two companies agreed to work together to test Hyundai Motor Co.'s electric vehicles and hydrogen-powered cars in the resort complex on the Ummahat Islands and the ultra-luxury Amaala tourist resort on the northwest coast – two mega tourist projects under development by RSG.

  • Saudi Arabian powerbroker Turki Alalshikh teases ‘huge’ event at Wembley later this year

    The Saudi Arabian powerbroker who has been instrumental in bringing some of the biggest boxing matches to the Gulf State, has teased a 'huge' show at Wembley for later this year. Turki Alalshikh has been a constant presence ring side in recent years and his name is never been far from the lips of fighters and promoters after their high-profile clashes. The Saudi advisor's list of achievements include bringing the Tyson Fury vs Francis Ngannou and Anthony Joshua vs Ngannou bouts to the Middle East as well as the undisputed heavyweight clash between Fury and Oleksandr Usyk on May 18.

  • As it looks East, Saudi Arabia strikes delicate balance between India and Pakistan

    On an official visit to Saudi Arabia this week, Pakistan’s chief of army staff, Syed Asim Munir, met with Saudi Crown Prince Mohammad bin Salman and the top military hierarchy in Jeddah. Lavishly praising Saudi Arabia’s strong relations with Pakistan, the crown prince expressed his desire to strengthen ties with Pakistan and assured the army chief of the kingdom’s continued support to Islamabad.

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