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Recent stories from sustg
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In Major Shift, Saudi Aramco Dabbles in Oil Trading
- June 11,2012
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- Lucien Zeigler
Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]
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Riyadh among lowest risk cities in Mideast
- June 11,2012
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- SUSTG Team
Riyadh is among the lowest risk cities in the region, with a rating that puts it ahead of international business hubs such as Milan, Lisbon, Istanbul and Moscow, according to the findings from the 2012 People Risk Index, created by Aon Hewitt, the global human resources business of Aon plc. The Aon Hewitt 2012 People […]
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Jadwa Chartbook June 2012: Trade
- June 7,2012
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- Lucien Zeigler
Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s analysis of Saudi imports and exports and letters of credit.
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The Middle East fights the Flame, but virus spreads anyway
- June 7,2012
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- SUSTG Team
Two years ago there was Stuxnet, a virus that targeted Iranian uranium-enrichment infrastructure. Now Flame, a mutating piece of malware, is continuing to spread, infecting more than 1,000 Windows-powered computers across the Middle East. It’s centered on Iran, but has also spread to Israel and Palestine, Saudi Arabia, Syria, and even Sudan. Flame is a huge virus — 20 megabytes […]
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Wider world opened to Saudis studying abroad
- June 6,2012
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- Lucien Zeigler
Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom’s largest companies at a recent career fair in Riyadh. A few years ago she would have worried about the disapproving reaction of friends and parents to the notion of a young woman […]
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Jadwa Chartbook June 2012: Banking
- June 6,2012
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- Lucien Zeigler
Riyadh-based Jadwa Investments recently released its June, 2012 Saudi chartbook which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s banking sector analysis.
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Saudi Construction Sector: A Sleeping Giant Awakes
- June 5,2012
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- SUSTG Team
Deloitte’s recently released report, “GCC powers of construction 2012: Five lessons to learn” assesses the current prospects of Saudi Arabia’s construction sector. Deloitte paints a very optimistic picture noting Saudi Arabia’s leading position in the GCC with regard to population and GDP. It also highlights the ambitious spending plans established in the latest 5-year development plan announced in […]
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Saudi, Kuwait, UAE lead Q1 GCC corporate earnings growth
- June 4,2012
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- SUSTG Team
Earnings of Saudi Arabian companies totalled $6.7 billion, an increase of 15 per cent YoY and 28 per cent QoQ. SABIC, which reported $1.9 billion in Q1 profits, saw its bottom-line decline by five per cent YoY due to softening of global petrochemical prices when compared to Q1 2011. Saudi Banks continued its stable growth […]
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Key to the kingdom
- June 3,2012
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- SUSTG Team
2012 is likely to be the tipping point for the Gulf’s most ambitious real estate project. If the good results continue, and companies carry on signing up to take advantage of the transport infrastructure coming online in 2013, then KAEC looks set to snowball. But when will the city be fully completed? “Our target is […]
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Oil Prices Fall Below Break-Even for Several Nations
- June 2,2012
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- SUSTG Team
Citibank expects that Russia will have a very turbulent next five years, given their estimate that Brent crude prices will likely settle close to $85 over that time period. Oil producers are beginning to feel the future threat of peak demand for oil caused by multiple factors — including unconventional liquid fuels — breathing down […]
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MUST-READS
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Saudi ArtAn Art Scene Flourishes Behind Closed Doors In Saudi Arabia
Arwa al-Naimi's latest art project is called the "Drop Zone," named after the vertical, free-fall amusement park ride.
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Israel BordersIsrael starts building border fence on frontier with Jordan
Israel has begun building a fence along part of the country's eastern border with Jordan as Syrian civil war refugees and other migrants flee their countries.
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Saudi MusicSaudi Arabia’s underground pop artists are building fanbases behind closed doors
Despite the lack of a clear path to making a living, Saudi youth are starting bands and creating art in droves—Homsi estimates there are hundreds of rappers in Jeddah alone, all recording on laptops and posting online.
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Nuclear EnergySaudi Arabia and Korea further SMART cooperation
The newly signed contracts "come as a package", KA-CARE said, and include cooperation and joint construction in designing the core of a SMART reactor.
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Saudi Energy PolicySaudi Khurais oilfield expansion expected to be delayed, start-up date unclear
"The project is important because of the associated gas that comes with the expansion of the oilfield ... but Aramco has stretched the timeframe of the field. The picture will be much clearer in November or December," said one source who declined to be identified because of commercial sensitivities.
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State DepartmentThe State Department Just Released a Huge Batch of Hillary Clinton Emails
The US Department of State just released more than 7,000 pages of Hillary Clinton's emails, the largest batch of documents yet to be made public from the Democratic presidential candidate's time as Secretary of State.
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EgyptEgypt starts dig on Gaza border to stop smuggling tunnels
Egyptian military bulldozers are digging through the sand along Egypt's border with the Gaza Strip in recent days, pressing ahead with what appears to be a renewed campaign to pressure Gaza's Hamas rulers and stamp out militant activity along the border.
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TurkeyTurkey carries out first air strikes as part of anti-Isis US coalition
Turkish fighter jets have carried out their first air strikes as part of the US-led coalition against Islamic State in Syria. A Turkish foreign ministry statement said that late on Friday the jets began attacking Isis targets across the border in Syria that were deemed to be threats to Turkey.
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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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ComedySaudi artists to be a major attraction at UAE show
Saudi artists will be a major attraction at the ongoing Abu Dhabi Summer Season 2015, where Flash Entertainment is bringing together the best comic artists in the Gulf Cooperation Council countries to Abu Dhabi for a comedy night at the famous du Forum on Aug. 28.
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