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  • Temporary ban on Brazilian poultry imports will not impact Saudi market, says committee

    The National Committee of Poultry Producers at the Federation of Saudi Chambers has downplayed the impact of the temporary ban on importing poultry products from Brazil due to the outbreak of Newcastle disease on the Saudi market. The committee's chairman, Mohammed Al-Shaya, stated that the temporary ban from Brazil would not significantly affect the quantities available in the Saudi market or the prices. This is because the Kingdom relies on local production to meet its market needs for both fresh and frozen poultry.

  • Communication gaps hinder Saudi gigaprojects

    In hindsight, the lack of detail was due to the fact that their masterplans had either not been completed or approved, which meant that specific project elements could not be publicised. For example, the Red Sea project was first announced in mid-2017, but it was not until early 2019 that its masterplan was approved and more details could be revealed.

  • U.S. Exports to the Arab World Jump By 12 Percent to $65.3 Billion

    According to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023, marking the first year-on-year increase in U.S. exports to the Middle East and North Africa (MENA) since the COVID era in 2021.

  • Saudi provides food aid to Sudan, Yemen

    The Kingdom’s aid agency KSrelief has continued to provide food to vulnerable families in Sudan and Yemen, the Saudi Press Agency reported on Wednesday. In the River Nile state of Sudan, 1,200 boxes of food were given to 6,900 individuals affected by the ongoing conflict in the country. In the Al-Mansoura district of Yemen’s Aden governorate, KSrelief handed out 413 boxes of food for 2,891 individuals, as a part of its continuing aid project in the war-torn country.

  • Undiscovered Saudi: The ultimate guide to Yanbu

    Yanbu, also known as Yambu or Yenbo, derives its name from the springs that originate in the city. Located in the Madinah Province, it is in close proximity to the Red Sea and is often overlooked for the nearby Jeddah. Yanbu is one of the two main Red Sea hubs for underwater adventures and boasts a history dating back more than 2,000 years – Lawrence of Arabia’s former home, anyone?

  • Under the Abaya: Uncovering Saudi Women’s Individualities

    Under the Abaya focuses on enabling Saudi women to access high-quality education through an innovative business model. The initiative publishes books that provide a rich insight into the life of women in Saudi Arabia, put together by the women of Saudi Arabia. The profits of these books then go on to fund scholarships, as well as female-led charitable causes, for eager Saudi female learners.

  • Saudi Arabia welcomes deal between Yemeni government, Houthis

    Saudi Arabia on Wednesday welcomed a deal between Yemen’s government and the Iran-backed Houthi militia to halt tit-for-tat banking sanctions. The deal was announced on Tuesday by Hans Grundberg, the United Nations’ envoy to Yemen, in a bid to end the warring parties’ battle for control over the country’s financial institutions.

  • Leonardo expands proximity support services for helicopters in the Kingdom of Saudi Arabia

    One of the largest operators of Leonardo helicopters in the Middle East; Mukamalah Aviation Company has been operating AW139s since 2008 and AW109 light twins since 2006, mainly to perform offshore transport missions in Saudi Arabia to support the oil and gas industry. Today’s Mukamalah Leonardo helicopter fleet consists of 27 units.

  • Turkey returns $5bn Saudi deposit in show of economic confidence

    Turkey’s central bank has handed back to Saudi Arabia a $5bn deposit, underscoring Ankara’s progress in replenishing its foreign currency stores as part of its economic turnaround effort. The deposit agreement Turkey forged with the Saudi Fund for Development in March 2023 was terminated by mutual agreement, the Turkish central bank said on Wednesday. Turkey’s move to unwind the agreement is the latest sign of how President Recep Tayyip Erdoğan’s pivot to more conventional policies following his re-election in May 2023 is steadying the country’s $1tn economy.

  • Saudi Arabia tops GCC bond market with $37b issuance

    Saudi Arabia emerges as the leading issuer in GCC bond market by raising $37 billion (Dh135.8 billion) through 44 issuances during the first half of 2024. This amount reflects a 12.5 per cent increase from the same period last year and represents 49 per cent of the total new supply of GCC bonds and sukuk, according to the Markaz GCC Bonds and Sukuk Market Report. Overall, the GCC primary issuances reached $75.5 billion (Dh277 billion) during this period, marking a significant 38 per cent rise from $54.8 billion (Dh201 billion) in the first half of 2023.