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Recent stories from sustg
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PHOTOS: Wild Weather Strikes Across Saudi Arabia as Rain, Floods Cause Damage and School Closings
- November 17,2014
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- SUSTG Team
The rain season began in several provinces of Saudi Arabia this past weekend with rain and floods reported in Mecca, Jeddah, and Hail provinces. Photos provided by the SPA show hail and rain storms caused flooding and damage in Taif and Mecca while Jeddah experienced thunderstorms. Director of Civil Defense in Taif Saleh Mansi Al-Harthi has […]
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Iraq’s President in Saudi Arabia Latest Evidence of Improved Relations
- November 12,2014
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- SUSTG Team
Iraq’s President Fuad Masum visited Saudi Arabia’s King Abdullah in Riyadh last night, the latest evidence of a thaw in diplomatic relations between the two countries. “The Iraqi president expressed his happiness to visit the kingdom and meet with his brother the king,” according to the SPA. The meeting was the highest level meeting of officials between […]
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Trading Begins Tomorrow on NCB’s ‘Steeply’ Discounted IPO as the Government Eyes Financial Sector Reforms
- November 11,2014
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- Lucien Zeigler
Trading is set to begin tomorrow on steeply discounted shares of Saudi Arabia’s National Commercial Bank as Saudi Arabia’s capital market regulator will introduce rules for credit rating agencies next September, according to reports. Matthew Martin and Sarmad Khan of Bloomberg quote Asim Bukhtiar, a vice president and head of research at Riyad Capital, as saying […]
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AP Reports Women May Be Moving Closer to Driving Rights, But Report Immediately Denied
- November 9,2014
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- SUSTG Team
The Associated Press reported this weekend that an unnamed Saudi Shoura member confirmed its body had “recommended that the government lift its ban on female drivers,” a report that a government official quickly denied after it surfaced. As the AP reports, “The council member said the Shura Council made the recommendations in a secret, closed session […]
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Saudi Officials Visit Wounded from Al-Ahsa Terror Strike as Security Agencies Expand Activities
- November 7,2014
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- SUSTG Team
The clampdown on extremism broadened on Friday as Saudi Arabia’s security forces have arrested another 8 people in Monday’s terrorist attack in a Shiite village in Saudi Arabia’s Eastern Province, according to media reports, including two police officers. The raids were conducted simultaneously across the country, including in Riyadh, Qassim and the Eastern Province, Arab News reported […]
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Energy Subsidies in the Gulf a Staggering $160 billion Annually, World Bank Says
- November 5,2014
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- Lucien Zeigler
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 […]
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First Global Entrepreneurship Forum Kicks off in Riyadh, Saudi Arabia as Kingdom Eyes SME Growth
- November 3,2014
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- Lucien Zeigler
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 […]
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Al-Jubeir: ‘Every Time the U.S. and Saudi Arabia Have Come Together, We have Done Wonders for the Region’
- October 30,2014
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- SUSTG Team
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 […]
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At Policymakers Event, Prince Turki al-Faisal Takes Aim at Allegations of Saudi Support of Terror
- October 29,2014
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- Lucien Zeigler
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 […]
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#FocusKSA: Power Subsidies and Electricity Supply in Saudi Arabia
- October 28,2014
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- SUSTG Team
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 […]
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MUST-READS
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MilitaryEU lawmakers to vote on banning arms sales to Saudi Arabia
European Union lawmakers are gearing up for a vote Feb. 25 on whether to call for an embargo on weapons sales to Saudi Arabi
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Banking and Finance62pc of Saudis demand better banking standards
Twenty-two per cent of banking consumers in Saudi Arabia are less than satisfied with their bank's existing product offering, a report said, adding that as high as 62 per cent of them demand better banking standards.
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TalibanThe Cruelest Taliban
Afghanistan has been known for some brutal characters—notorious killers, torturers, massacrers (if that’s a word), and committers of crimes against humanity, including against countless innocent Afghans.
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WomenStarbucks Responds to Sign Banning Women From Store in Saudi Arabia
A sign on a Starbucks store in Saudi Arabia banning women from entering the coffee shop sparked backlash, but the coffee company said Monday that the situation has been rectified.
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AfghanistanAfghanistan hopes for talks with Taliban this month
Foreign Ministry spokesman Ahmad Shakib Mostaghani told reporters that Afghanistan, Pakistan, China and the United States agreed on a roadmap toward peace talks at a meeting in Islamabad the day before.
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WhatsAppSaudi Arabia lifts ban on WhatsApp calls
Users of WhatsApp were a joyous lot on Saturday as the call facility finally became available on the popular messaging service in the Kingdom.
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BankingSaudi banks ‘still enjoy strong liquidity levels’
Saudi bank credit to both consumers and corporations accelerated during the fourth quarter of 2015, a report from Jadwa Investment said.
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Islamic BankingFitch: Islamic Banking Is Dominant in Saudi Arabia
In a new report, Fitch Ratings says Islamic finance is a mature and developed industry in Saudi Arabia, representing about two-thirds of total bank financing.
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Banking and FinanceSaudi Banks Show Signs of Stress With Stocks Cheaper Than Assets
Saudi banking stocks have fallen to the lowest levels in at least a decade relative to their net assets, showing the slump in oil is stoking concern that bad loans will increase.
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PakistanTaliban kill 20 in attack at northwest Pakistani university
Taliban gunmen stormed a university in northwestern Pakistan on Wednesday, killing at least 20 people and triggering an hours-long gunbattle with the army and police before the military declared the assault in a town near the city of Peshawar was over.
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