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Recent stories from sustg
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Opportunities for Saudi-China Trade: Is Asia the Future for the Kingdom?
- April 8,2014
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- John Sfakianakis
As part of the recent visit by Saudi Arabia’s Crown Prince Salman to China, I participated the Saudi-China Investment Forum organized by the Saudi Arabian General Investment Authority (SAGIA). I was honored to receive an invitation to speak, and compared with forums organized inside and out of the Kingdom of Saudi Arabia in 2014, this […]
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President Obama’s Visit to Riyadh: 3 Takeaways from Obama’s Meeting with King Abdullah
- March 31,2014
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- Lucien Zeigler
President Obama’s recently concluded visit to Riyadh – his second as President – comes at a pivotal time in U.S.-Saudi relations. With the ongoing conflict in Syria and Iran’s nuclear program the big topics discussed between the two leaders, the meeting was an important opportunity for the two old allies to get on the same […]
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Analysis Roundup: President Obama’s Second State Visit to the Kingdom of Saudi Arabia
- March 27,2014
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- Lucien Zeigler
President Obama’s visit to Saudi Arabia later this week comes at a crucial time in U.S.-Saudi relations and in the context of regional and geopolitical developments.
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KACARE and Saudi Arabia’s Frightening Consumption of Energy
- March 26,2014
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- John Sfakianakis
Four years ago, King Abdullah City for Atomic and Renewable Energy (KACARE) was established by a royal decree. Public statements highlighted the numerous nuclear and solar power plants that would be built and entered into production during the next 15 to 20 years. Large sums of money have been paid for advisers and global consulting […]
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The 10 Best SPA Photos This Month – February 2014 Edition
- March 4,2014
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- Lucien Zeigler
Saudi Arabia’s state-run press agency, the SPA, is a valuable resource. Continuing with our new series on the best photos from the SPA from the previous month, click here to see a slideshow of the best photos from this month’s events. The SPA is similar to the press offices of U.S. and other government offices […]
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Is the Saudi Arabian Economy Productive?
- February 21,2014
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- John Sfakianakis
Over the past few years, key macroeconomic indicators point to remarkable breakthroughs by the Saudi Arabian economy. The Kingdom’s economy maintained high GDP growth rates, a budget surplus, growth in the Kingdom’s current account, all while the ratio of public debt to GDP remained minimal. Saudi Arabia’s inflation rate remained low amidst a large influx […]
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Is Saudi Arabia Too Dependent on Management Consultants and Think Tanks?
- February 11,2014
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- John Sfakianakis
During the past ten years, major think tanks and global management consulting firms came to different government agencies and ministries in Saudi Arabia to provide them with recommendations and plans in return for huge wages – in the millions of Riyals. This makes me wonder whether these governmental bodies and ministries are managed by those […]
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The 10 Best SPA Photos This Month – January 2014 Edition
- February 3,2014
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- Lucien Zeigler
For those that follow Saudi news closely, the state-run Saudi Press Agency is a valuable resource. Similar to the press offices of U.S. and other government offices and ministries around the world, the SPA is updated daily, and features local, national and international news from the official feed on its website in Arabic and English. […]
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Saudi Arabia’s Non-Oil Export Figures are Just Numbers on Paper
- February 3,2014
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- John Sfakianakis
During the past few weeks, we have heard in statements from Saudi officials that Saudi Arabia’s non-oil exports are increasing. In 2013 alone, the value of Saudi oil exports increased by 6.7%, while non-oil exports increased by 2.4%. From 2003 to 2012, total non-oil exports increased from SAR 350 billion to 1.4 trillion.
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Opinion: Comprehensive Reform of the Labor Market in Saudi Arabia
- January 26,2014
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- John Sfakianakis
Besides energy subsidies and the future of energy consumption at the local level, the labor market is considered one of the key variables with respect to the economic future of the kingdom. The labor market should be an integral part of the thinking of government officials when planning at all levels, without exception. The Ministry of […]
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MUST-READS
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Ma'adenSaudi’s Ma’aden confirms $3 bln loan talks with banks
The company said it was borrowing through its unit Maaden Phosphate Company (MPC), which produces ammonia and the fertiliser diammonium phosphate, in a 70/30 ownership split with petrochemicals giant Saudi Basic Industries Corp.
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Council of Saudi ChambersAl-Zamil: Women’s bank deposits in Saudi reach $16bn
The value of women’s bank deposits in Saudi Arabia has reached $16 billion, the president of the Council of Saudi Chambers revealed yesterday.
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BankingFitch revises outlook on four Saudi banks to Negative from Stable
Fitch Ratings has revised the Outlooks on Al Rajhi Bank ( ARB ), National Commercial Bank (NCB), Riyad Bank (RB) and SAMBA Financial Group (SAMBA) to Negative from Stable.
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Art and CultureMeet the 6 Arab artists featured in Banksy’s Dismaland
British underground artist Banksy shocked the world after releasing the trailer to his newest exhibition space, Dismaland. The anti-Disneyland “bemusement park” features more than 50 artists from around the world, which includes works from six Arab artists. The attraction, located in the dilapidated seaside-resort of Weston-super-Mare, launched on August 21 and will run until September 27.
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AfghanistanIn Afghanistan’s Helmand Province, Taliban Talk War, Not Peace
Nearly 14 years on from the U.S. invasion that toppled the Islamist regime after the Sept. 2011 attacks, the Taliban are undefeated and making gains since most foreign forces left last year, but are still far from their goal of retaking Kabul.
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Afghanistan: TalibanTaliban mass in northern Afghanistan to swear allegiance to new emir
Hundreds of heavily armed Taliban fighters gathered in the open in the northern Afghan province of Kunduz to pledge an oath of allegiance to Mullah Akhtar Mohammad Mansour, the new emir of the group.
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LebanonHezbollah throws weight behind Lebanon protests, deepening crisis
The powerful Lebanese Shiite group Hezbollah on Tuesday threw its weight behind mass protests calling for the government's resignation, deepening a crisis that started over piles of uncollected garbage in the streets of the capital.
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Saudi RiyalSaudi Arabia committed to dollar peg – senior c.bank official on TV
Aug 25 Saudi Arabia is committed to keeping the riyal pegged to the U.S. dollar and is expected to achieve economic growth in 2015 of 3 percent, a senior official at the kingdom's central bank said on Tuesday.
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LebanonHundreds Flee Amid Clashes in Palestinian Refugee Camp in Lebanon
Intense clashes persisted Tuesday in the largest Palestinian refugee camp in Lebanon between Islamists and members of the Palestinian Fatah movement, killing three people and forcing hundreds to flee, Palestinian security officials said.
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NCB SukukSaudi bank NCB selling $533 million sukuk – sources
The offer, which enhances the bank's Tier 1 - or core - capital and is compliant with Basel III banking regulations, is the third such transaction by NCB since June, and is part of a plan to raise as much as 7 billion riyals of capital before the end of 2015, one of the sources said.
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