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Recent stories from sustg

  • 5 More Years for Booming King Abdullah Scholarship
     

    Al Arabiya reports that the King Abdullah Scholarship Program, which has sent thousands of Saudi students to the United States and elsewhere, has been renewed for another five years in an important step that will strengthen US-Saudi cultural and economic ties. According to Al Arabiya, Minister of Higher Education Khalid Al Angari said the move was “clear […]

     
  • Drone Revelation Underscores Defense/Security Bonds
     

    The recent news reports that American remotely operated aircraft are operating against Al Qaeda targets in Yemen should come as no surprise to those who have followed the close collaboration between the United States and Saudi Arabia over the course of the historic relationship. The revelations may be uncomfortable to those who seek to keep […]

     
  • Samsung and Galaxy chocolate top brands in Kingdom in 2012
     

    Samsung ranked first in the 2012 BrandIndex Buzz Rankings for Saudi Arabia, scoring 54.9 points, YouGov market research agency said Tuesday. Galaxy Chocolate, produced by Mars Inc and Al-Qur’an Al-Kareem, a channel owned by the Saudi government, ranked second and third, scoring 53.7 and 47.4 points respectively. Sony, which ranked sixth, dropping from second place in […]

     
  • Saudi Arabia Strong Market for U.S. Companies, Ex-Im Head Says
     

    Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said. “Part of that has been driven by in this part of the world a diversification of economies,” Hochberg said in an interview yesterday in Riyadh. “We see a lot of opportunity here. U.S. companies […]

     
  • Saudi Chartbook – February 2013
     

    Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. [The full report from Jadwa Investment can be read here.]

     
  • MENA solar to exceed 3GW annually by 2015: Saudi leads
     

    GTM Research’s report states that Saudi Arabia and Turkey will have the highest demand, with Saudi Arabia looking to be the region’s first gigawatt-scale market by 2015. Nearly 70% of the demand is expected to come from Saudi Arabia and its K.A. CARE program and secondly, Turkey.

     
  • Islam and science: The road to renewal
     

    The tide of money is bearing a fleet of results. In the 2000 to 2009 period Turkey’s output of scientific papers rose from barely 5,000 to 22,000; with less cash, Iran’s went up 1,300, to nearly 15,000. Quantity does not imply quality, but the papers are getting better, too. Scientific journals, and not just the […]

     
  • Saudi Arabia’s Six New Economic Cities
     

    Except for King Abdullah Economic City, each of the cities has its own area specialization being developed around at least one globally competitive cluster or industry. They are also being developed according to environmental guidelines using state-of-the-art greenfield solutions. The aim is to create opportunities for the private sector by way of jobs and attractive […]

     
  • Must-see interactive 360° view from top of Burj Dubai
     

    On the heels of last month’s viral photograph of the World’s Tallest Mountain, Mount Everest, which was captured in astounding interactive detail so much so that you can zoom in and out and see the entire mountain, it looks like a similar project was done on top of Dubai’s impressive Burj Khalifa tower, currently the […]

     
  • Saudi investment in education tripled in just a decade
     

    In Saudi Arabia, the government appropriated SR204 billion ($54.4 billion) for education in its budget for 2013, from SR168 billion ($44.80 billion) in 2012, and SR150 billion ($40 billion) in 2011. Investment in human capital has become a top priority for the Saudi government, as spending on education has more than tripled since 2000. The […]

     

MUST-READS

  • Saudis hail Vision 2030 women’s workforce figures

    Saudi women now comprise 33.6 percent of the Saudi workforce as of March 2022, according to the General Authority for Statistics. That figure is up from 17.4 percent just five years ago. The unemployment rate of women was the lowest in 20 years as of the first quarter of 2022, falling to 20.2 percent from 22.5 percent during the fourth quarter of 2021.

  • Opinion: Iran Is Trying to Play the Saudis Against the US. It Won’t Work.

    The formal reconciliation talks began in April 2021 at the Baghdad airport; Iraq constituting something approximating neutral ground. Initially, little progress was made. The Saudis focused on getting Iran to pressure its Houthi clients in Yemen to agree to a cease-fire and eventual peace settlement in a war that has turned into a quagmire for Riyadh. The Iranians wanted only to discuss restoring diplomatic relations.

  • Saudi tourism, AI among final proposals for Misk Leaders 2030 program

    The Leaders 2030 program focuses on analyzing the Kingdom’s local experiences and development opportunities. It also organizes field visits to leading organizations to benefit from their experiences. Saleh Al-Mohaimeed, board chairman of the Centre for Leadership Studies, spoke to Arab News about the transformative potential of proper leadership as “a great gift for humanity.” He said that a good leader “lights up the way for society by investing his abilities, experience and knowledge to inspire others.”

  • Goldman’s $15 Billion View of Egypt IMF Needs Too High for Maait

    Goldman Sachs Group Inc. has estimated that Egypt may need to secure a $15 billion package from the International Monetary Fund, but a top official said it’s seeking a smaller amount. Finance Minister Mohamed Maait told Al Kahera Wal Nas channel late on Sunday that Egypt can help close its funding gap by increasing foreign direct investment and with capital from international development institutions and bond markets.

  • Stenson wins LIV Golf debut, ‘I played like a captain’

    Henrik Stenson won his first start on the LIV Golf Invitational Series on Sunday in New Jersey less than two weeks after he was stripped of his role as Europe's Ryder Cup captain over his decision to join the Saudi Arabian-funded circuit. Stenson shot a two-under-par 69 in the final round of the 54-hole event to reach 11-under at Trump National Golf Club Bedminster where he finished two shots clear of Dustin Johnson and Matthew Wolff to collect the $4 million first prize.

  • Valvoline fuels retail drive with $2.65 bln lubricants unit sale to Saudi Aramco

    Valvoline Inc is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco for $2.65 billion in cash to sharpen focus on its retail services business. The deal announced on Monday builds on the company's plan to separate the two units, with the sale proceeds set to fuel an expansion of the vehicle service center business Valvoline operates across the United States.

  • Why prevention of animal abuse and neglect is gaining urgency in Saudi Arabia

    The Kingdom takes the abuse and ill-treatment of animals very seriously. Under Saudi law, the Ministry of Environment, Water and Agriculture can impose a SR50,000 ($13,300) fine for a first offense, which doubles for a second offense. Third and fourth instances of abuse incur fines of SR200,000 and SR400,000 respectively. In more serious instances, offenders can lose business licenses or even face prison time.

  • U.S. Eyes Sanctions Against Global Network It Believes Is Shipping Iranian Oil

    The U.S. is considering sanctions that would target a United Arab Emirates-based businessman and a network of companies suspected of helping export Iran’s oil, part of a broader effort to escalate diplomatic pressure on Tehran as U.S. officials push to reach a deal on Iran’s nuclear program.

  • No change in Palestine stance, says Saudi Arabia after opening airspace to all carriers

    "Saudi Arabia confirmed that its firm and constant stance toward the Palestinian cause and the Palestinian people will not change by allowing international flights to cross the Kingdom's airspace," he said. The official stressed that "the decision to allow the use of airspace for all airlines is linked to international obligations, and this step does not mean that it is a prelude to other steps."

  • MEA potential for sustainable energy production better than readiness

    Despite the strong prospects, the Middle East and Africa only score 26% on the Readiness Index. Experts and decisions makers in the energy sector were asked their opinions on progress on 11 energy priorities. Based on the aggregate of participants responses the Index describes the perceived energy transition readiness on a scale of zero to 100%.