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Recent stories from sustg
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‘Texting While Riding’? Viral Video Shows Saudi Man In Dangerous Highway Stunt
- June 4,2013
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- Lucien Zeigler
A viral video of a Saudi man texting while sitting on the hood of his car has gone viral on the video-sharing site YouTube. It is not clear who is driving the vehicle, which has dark window tint. The Huffington Post described the video as such: “A Saudi man is seen playing with his phone […]
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WHO Director General: I appreciate Saudi cooperation against the new virus
- May 23,2013
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- Lucien Zeigler
The Saudi Press Agency reports that the Director General of World Health Organization (WHO) Dr. Margaret Chan “expressed thanks to the Kingdom of Saudi Arabia for its cooperation with WHO against Coronavirus.”
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Royal Decree May Ease a ‘$67B Housing Logjam’ in Saudi Arabia, Reuters Reports
- April 24,2013
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- Lucien Zeigler
Reuters is reporting that last week’s Royal Decree to tackle Saudi Arabia’s housing program has removed “an obstacle to a $67 billion program to ease the country’s housing shortage,” which “may push the program forward by opening up thousands of acres of state-owned land for construction.”
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Defense Secretary Hagel in Riyadh, Greeted by Saud al-Faisal and Amb James Smith
- April 23,2013
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- Lucien Zeigler
SUSRIS reports that US Defense Secretary Chuck Hagel arrived in Riyadh on Monday.
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A Kingdom’s Thirst: The Saudi Water Challenge
- March 29,2013
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- Lucien Zeigler
It’s no secret that Saudi Arabia is a dry place in a particularly arid region of the world. The dearth of water resources in the Kingdom is among its foremost challenges, with some estimates predicting full depletion by 2050 if nothing is done.
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We’re here, can we come in? TASI and foreign investors
- March 20,2013
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- Richard Wilson
The figurative lobby to the Tadawul All Shares Index (TASI), Saudi Arabia’s stock market, is filling up with eager investors. Intrigued by the $387 billion Saudi stock market (three times the UAE bourses combined) and the $727 billion Saudi economy, many of them think… Brazil; whose fully accessible stock market’s capitalization exceeds $1 trillion. While […]
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Keystone: Saudi Arabia’s First Idea Translation Lab
- March 11,2013
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- SUSTG Team
Many people are familiar with the King Abdullah University for Science and Technology (KAUST) and it’s glittering $20 billion endowment. Founded in 2009 and sited north of Jeddah on the Red Sea, KAUST intends to be a global caliber research university as well as an educational and social bellwether that allows co-ed education. The KAUST […]
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Saudi youth, the issue of unemployment and work ethic
- March 10,2013
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- SUSTG Team
Abdulateef Al-Mulhim is a well-known Saudi commentator who is appreciated – at least here at SUSTG – for his willingness to take on sensitive topics and provide his particular perspective. In this item he addresses the work ethic of young Saudis, a subject of much debate. Not surprisingly, there are numerous facets to the discussion […]
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5 More Years for Booming King Abdullah Scholarship
- February 11,2013
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- Lucien Zeigler
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 […]
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Saudi Arabia’s $220bn spending spree
- January 6,2013
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- SUSTG Team
Even at growth of 3.4 percent, Saudi Arabia’s economy will be the envy of most other large countries. That figure is above the average expected GDP (3 percent) of the G20 nations – of which the kingdom is one – according to Moody’s. And, waiting in the wings, is Saudi Arabia’s vast foreign reserves, which […]
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MUST-READS
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Global Economic Crime and Fraud Survey 2018Pulling fraud out of the shadows: A spotlight on the Middle East
PwC’s Middle East Economic Crime and Fraud Survey 2018 confirms that economic crime is maintaining its trajectory in the region and continuing to disrupt businesses.
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Israel-IranThe shadow war between Israel and Iran takes center stage
But the Israelis have made clear that an entrenched Iranian presence in Syria marks a new red line. They point to the new threat of Iranian drones, potentially armed with explosives, entering Israeli airspace, as well as the old threat of rockets launched from southern Lebanon.
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Global Oil PricesCommentary: Down In Saudi Arabia, They’re Partying Like It’s 2008
Is this really 2018? It started to sound a lot like 2008 in Saudi Arabia on Friday, as the kingdom's oil minister argued that the world could tolerate a higher crude price.
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DronesSaudi Arabia enforces new law after unauthorized drone shot down in restricted area
Saudi Arabia's Interior Ministry said on Sunday that drone-flying enthusiasts must obtain permission to fly the devices until regulations were finalized.
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Saudi SolarSaudi Arabian infighting casts shadow on solar deal
Several proposals for a SoftBank-linked solar project had been circling for months, three people said. They were dismissed as outlandish and unfeasible by the energy ministry, research outfits and Saudi Aramco, which was asked to invest.
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SyriaSaudi Arabia says it’s open to sending troops to Syria as U.S. draws down
Speaking to reporters in Riyadh, Saudi Foreign Minister Adel al-Jubeir said the deliberations on what type of force needs to remain in eastern Syria and where that force would come from are “ongoing.”
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Housing And Real EstateSaudi Real Estate Development Fund Drops ‘First Housing’ Down Payment to 5%
General Supervisor of the Real Estate Development Fund Khalid bin Mohammed Al-Amoudi announced that the down payment for the first housing has been reduced from 10% to 5% to reduce the burden of the advance payment required by the financing parties.
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TurkeyTurkey’s currency is tanking and President Erdogan is keeping it down
Turkey's lira has hit record lows for the past week, thanks to what analysts say is the Turkish government's unwillingness to balance monetary policy to counter double-digit inflation.
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Arab League LeadersArab leaders let down their hair over casual dinner
Arab leaders held an informal dinner together following the Arab Summit held in the Saudi city of Dhahran on Sunday.
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Houthi Missile AttackSaudi Arabia intercepts missile over Riyadh, shoots down two drones in the south
The attack on Wednesday marked the fourth time in five months that missiles have flown over Riyadh, as the Houthis step up efforts to demonstrate they can reach the Saudi capital, and threatens to escalate a regional rivalry between Iran and Saudi Arabia.
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