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Saudi Arabia’s Energy Pivot to Asia ‘May Result in Lower Crude Prices’, Analyst Predicts
- September 30,2014
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- SUSTG Team
Saudi Arabia is starting to focus more on Asian destinations for its crude, which may result in lower costs to the region, writes Clyde Russell in a Reuters analysis. “The Saudis aren’t exactly retreating from the North American and European markets, but they seem to have read in the tea leaves the trend that physical […]
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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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MUST-READS
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Lucid is “Outselling All Competitors” in Saudi Arabia, VP Says
Since the beginning of the year, Lucid has delivered well over 1,000 vehicles there, received $2.5 billion in support from the country’s fund, and opened new showrooms and service centers to support the growth in the Middle East region. If for the first quarter of the year, Lucid CEO Peter Rawlinson said vehicle deliveries in Saudi Arabia surpassed 500 units, the figures for the second quarter were not disclosed in the recent earnings call held on August 5th.
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Interior Ministry records nearly 20,000 violations in nationwide residency and labor law inspection campaign
The Ministry of Interior conducted inspection campaigns across Saudi Arabia from August 8 to August 14, focusing on compliance with residency, labor, and border security laws. The inspections resulted in the recording of 19,989 violations, including 12,608 related to residency, 4,519 to border security, and 2,862 to labor laws. During the campaign, authorities apprehended 913 individuals attempting to cross the border into the Kingdom illegally, with 32% of them identified as Yemenis, 65% as Ethiopians, and 3% from other nationalities.
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Saudi Arabia Is Building A $23 Billion Park To Rival NYC’s Central Park – Video
In a bold move to redefine urban spaces, Saudi Arabia is embarking on an ambitious project to construct a $23 billion park designed to rival the iconic Central Park in New York City. This monumental endeavor, part of the Kingdom’s Vision 2030 plan, aims to transform the capital, Riyadh, into a global hub of culture, leisure, and innovation. The park, spanning over 13 square kilometers, will feature lush greenery, cutting-edge recreational facilities, and a host of cultural attractions, offering a blend of tradition and modernity. As the largest urban park in the world, this project is set to not only enhance the quality of life for residents but also attract millions of visitors worldwide.
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Saudi Super Cup 2024 final: Al Hilal crush Al Nassr
Al Hilal clinched the Saudi Super Cup trophy by coming from a goal down to crush Al Nassr 4-1 on Saturday, with all four of their goals coming in a dominant second half. Cristiano Ronaldo scored Al Nassr’s only goal a minute before the end of the first half, in which there were few chances, when he capitalized on a wonderful pass from Abd El Rahaman Ghareeb.
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Saudi Arabia’s surge in female workforce participation drives economic impact
It comes as the Gulf Cooperation Council experiences unprecedented momentum in women’s participation in the workforce. According to the latest figures from the World Bank, the female labor force participation rate in Saudi Arabia stands at 34.5 percent, compared to 79.9 percent for males. Anne-Laure Malauzat, a partner at Bain & Co. in the Middle East, told Arab News that the statistic has surpassed the original target of 30 percent, prompting the Kingdom to set a new goal of 40 percent by 2030.
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No mpox cases detected in Saudi Arabia: Health authority
No cases of mpox Clade 1b have been detected in Saudi Arabia despite the global outbreak, the Saudi Public Health Authority confirmed on Saturday. The authority stressed that the Kingdom was prepared to face all types of health threats by implementing the necessary measures to monitor and curb the spread of the virus, ensuring the safety and well-being of both citizens and residents.
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Saudi Arabia’s New Red Sea Campaign Launches: Jeddah Welcomes First Visitors to Luxurious, Eco-Friendly Destination
The Red Sea, one of Saudi Arabia’s most anticipated new developments, has launched an innovative campaign aimed at inviting the first wave of visitors to experience its offerings. This campaign, titled “Be The First,” was launched by Visit Red Sea, the tourism arm of the destination, in collaboration with Beautiful Destinations, a content studio and agency known for its creative endeavors. The campaign seeks to position the Red Sea as a must-visit location, enticing travelers with the opportunity to be among the first to explore this newly accessible region.
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Saudi Arabia, Morocco sign MoU to enhance health cooperation
A statement by Morocco’s health ministry said that the accord called for cooperation on improving health care quality and patient safety, and in combating pandemics and epidemics, including early detection and control measures, as well as in scientific research in health and medicine. It also facilitates information exchange in telemedicine.
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12 Saudi Universities Make the Top 1,000 Worldwide
Saudi Arabia is celebrating a major milestone in higher education, with 12 of its universities making it into the prestigious top 1,000 worldwide institutions for 2024 according to the Shanghai Ranking. Al-Benyan emphasized that this progress is in line with Vision 2030’s goals and reflects the dedication to improving education and research systems. The University Affairs Council, along with various bodies, has been working hard to ensure that Saudi universities not only meet but exceed global standards of excellence.
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China, Saudi Arabia top buyers of Russian fuel oil in July, LSEG data shows
China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in July, traders said and LSEG data showed on Friday. Russian fuel oil and VGO seaborne exports last month rose 7% from June to about 4.05 million metric tons, helped by completion of seasonal maintenance on Russian refineries.
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