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Foiled Mecca Mosque Attack Last Week Shows Urgency of Daesh Threat Inside the Kingdom
- June 30,2017
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- SUSTG Team
Last week’s foiled plot attempt to attack the Grand Mosque in Mecca indicates a growing Islamic State intent to mount mass-casualty attacks in Saudi Arabia, according to reports. A suspect in the planned attack on the mosque blew himself up in a nearby neighborhood when security forces surrounded a home where the man was hiding, […]
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Key U.S. Republican Senator Bob Corker Threatens to Hold Arms Sales to Saudi, UAE if Qatar Rift Not Fixed
- June 27,2017
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- SUSTG Team
The Republican chairman of the Senate Foreign Relations Committee, Senator Bob Corker (R-Tennessee) has threatened to withhold arms sales to Saudi Arabia and other Gulf nations until a diplomatic solution is found with neighboring Qatar. The standoff, which has lasted three weeks and has threatened the unity and economic strength of GCC nations, adds uncertainty to […]
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Saudi Arabia’s commitment to extended OPEC cuts ‘will result in oil production having negative effects on GDP’, Jadwa Says
- June 20,2017
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- SUSTG Team
A recent report on the Saudi economy by Riyadh-based Jadwa Investment finds that overall GDP growth will be 0.1 percent in 2017 (compared to 1.4 percent in 2016) due to a sharp decline in oil sector GDP, resulting from the Kingdom’s OPEC commitments to cut output. The projected figure is a revision from earlier forecasts […]
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‘Epicenter X: Saudi Contemporary Art’ Show Hits U.S. in July to Challenge Perceptions, Share Saudi Culture
- June 16,2017
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- SUSTG Team
A U.S. exhibition featuring the works of roughly 40 Saudi Arabian artists aims to “share their expressions, foster conversations and challenge conceptions of life” in Saudi Arabia, the Associated Press reports. The exhibition, entitled “Epicenter X: Saudi Contemporary Art,” opens July 8 and runs for about three months at the Arab American National Museum in […]
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GCC Population grows 7.3% to 57.6 million
- July 23,2024
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- SUSTG Team
According to recent statistics released by the GCC Statistical Centre, the total population of the Gulf Cooperation Council (GCC) countries witnessed a significant increase of 7.3% in 2023 compared to 2021, reaching 57.6 million.
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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
- March 12,2024
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- SUSTG Team
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
- March 1,2024
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- SUSTG Team
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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United States Breaks Ground on New Embassy Compound on 27.5-Acre Site in Riyadh
- December 14,2023
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- SUSTG Team
The United States has officially broken ground on its new embassy project in Saudi Arabia’s capital Riyadh, a sprawling new building blending traditional and modern architecture on a 27.5 acre site. When completed, it will be the largest embassy in Riyadh.
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Wamda: MENA Startups Raised $95 Million in July 2023, a Bounce-Back from June’s Total but Deal Volume Falls
- August 3,2023
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- SUSTG Team
Startups in the Middle East and North Africa region (MENA) raised $95 million across 31 deals in July 2023, a slight dip from the $105 million recorded in the same month last year, according to Wamda, the leading website tracking the development of the startup ecosystem in the region.
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Saudi Arabia’s SEVEN Breaks Ground on BUJV, a $347 Million Entertainment Project in Madinah
- August 1,2023
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- SUSTG Team
Saudi Entertainment Ventures (SEVEN), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced its construction work on BUJV, its new entertainment destination in Madina, according to a report in Construction Week Online and a press release from SEVEN.
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MUST-READS
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Pakistan’s hand in the Taliban’s victory
This has long been an open secret. “When history is written, it will be stated that the ISI defeated the Soviet Union in Afghanistan with the help of America,” Hamid Gul, a former ISI chief, said on television in 2014. “Then there will be another sentence. The ISI, with the help of America, defeated America.”
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Taliban’s access to cash limited as Biden administration freezes Afghan reserves
The decision was made by Treasury Secretary Janet Yellen and officials in Treasury’s Office of Foreign Assets Control, the people said. The State Department was also involved in discussions over the weekend, with officials in the White House monitoring the developments. An administration official said in a statement, “Any Central Bank assets the Afghan government have in the United States will not be made available to the Taliban.” The officials spoke on the condition of anonymity to discuss government policy not yet made public.
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Afghanistan Veterans Struggling With News of Taliban Takeover
“They're having flashbacks, they're having severe mental and emotional health episodes where they're having anxiety attacks, and depressive shutdowns. So yeah, we're seeing huge spikes in anxiety and depression and withdrawal… And that's happening because of the images that we're seeing,” Schwab said of what the foundation has heard from veteran caregivers in the past few days.
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President hopes for Lebanon government in days as crisis bites deeper
President Michel Aoun said he hoped a new Lebanese government would be formed within the next couple days, as efforts to agree one were spurred on by a fuel crisis that has brought much of the country to a standstill and sparked warnings of anarchy. The steadily worsening fuel crisis has marked a crunch point in Lebanon's two-year-long financial meltdown, with shortages of imported fuel forcing hospitals, bakeries and businesses to scale back or shut down in the last week or so. read more
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Under the Taliban, what will happen to Afghanistan’s minerals?
When Taliban fighters entered Kabul on Aug. 15, they didn’t just seize control of the Afghan government. They also gained the ability to control access to huge deposits of minerals that are crucial to the global clean energy economy. In 2010, an internal US Department of Defense memo called Afghanistan “the Saudi Arabia of lithium,” after American geologists discovered the vast extent of the country’s mineral wealth, valued at at least $1 trillion. The silvery metal is essential for electric vehicles and renewable energy batteries.
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Saudi National Bank’s investment arm and BNY Mellon to bring global securities services in KSA
SNB Capital, the investment banking arm of Saudi National Bank, has partnered with global investments company BNY Mellon to offer global securities services to institutional and large asset owners in Saudi Arabia. The new service, which was a follow-up on the pair’s announcement in October last year, will address demand to adopt global practices in asset management, brokerage, and custody functions in the Kingdom.
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Saudi Arabia calls on Taliban to preserve lives, property
A statement issued by the Saudi foreign ministry on Twitter added that the kingdom "stands with the choices that the Afghan people make without any interference," expressing hope that the situation in the central Asian state stabilises as soon as possible.
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Fuel Explosion in Lebanon Kills 28
A warehouse containing illegally stored fuel exploded in northern Lebanon early Sunday, killing 28 people and injuring dozens, as the Mediterranean nation grapples with a severe fuel crisis during an economic collapse. Before the 60,000-liter fuel tank exploded, residents in the area had gathered to collect gasoline, according to Lebanese state media and the army. The tank was in a warehouse in the town of Tleil near the Syrian border.
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Pressure builds for new Lebanon government as chaos deepens
The culmination of decades of state corruption and mismanagement, the crisis entered a new phase last week when the central bank said it would no longer finance fuel imports at subsidised exchange rates.
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Afghanistan latest news as Taliban forces take Kabul
Several men or youths were seen on video clinging to the fuselage of a US military C-17 aircraft as it taxied the runway on Monday afternoon, with scores more watching or running alongside the plane, some of whom were underneath the engines. A US military Apache helicopter was also seen swooping low over the tarmac in what appeared to be an effort to disperse the crowds of civilians, desperately trying to leave.
- Reuters - Reactions to the Taliban takeover of Afghanistan
- AP - Afghan president was isolated before slipping into exile
- U.S. Dept. of State - Secretary Antony J. Blinken With Chuck Todd of Meet the Press on NBC
- Vox - The rapid fall of Afghanistan to Taliban forces, explained
- Washington Post - Key people, groups and places in the Taliban’s takeover of Afghanistan
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