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Two-Day MiSK Global Forum in Riyadh Showcases Ideas of Innovation And Global Culture to Empower Youth
- November 15,2016
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- SUSTG Team
The MiSK Foundation under the sponsorship of Deputy Crown Prince Mohammed bin Salman launched today a major two-day forum in Riyadh that focuses on entrepreneurship and innovation issues. Over 75 prominent speakers include Cisco Chairman John Chambers, Emirati Minister Of Youth Shamma Almazrui, CEO of KAEC Fahd Al-Rasheed, Vice President of the Women’s Affairs at the […]
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Saudi GDP to Grow at 1.8%, Central Bank Says in Annual Report
- November 14,2016
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- SUSTG Team
The Saudi Arabian Monetary Agency (SAMA) expects gross domestic product to grow 1.8 percent this year, the central bank said in its 52nd annual report released on Monday. The figure is higher than the IMF forecast of 1.2%. The non-oil sector is expected to expand 2.5 percent and the oil sector, 1.2 percent, SAMA said. Real economic […]
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GCC Bloc Could Be World’s 6th Largest Economy, Deputy Crown Prince Mohammed Says
- November 11,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said that the GCC countries could become the world’s sixth largest economy if they joined forces in the coming years. The comments were made at the opening ceremony of the first meeting of the GCC Economic and Development Affairs Authority in Riyadh. The authority was created to hasten coordination […]
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At Ceremony in Seattle, Saudia Receives First Boeing B777-300ER, Commits to Vision 2030 Goals
- November 10,2016
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- SUSTG Team
Saudia’s top executive held a press conference in Seattle on Tuesday announcing the Kingdom’s commitment to the goals of the government’s Vision 2030 reform plans, a day before receiving the airlines’ first Boeing B777-300ER aircraft supplied with new and luxurious compartments for first class passengers. Saudia Director General Saleh Bin Nasser Al-Jasser said that the […]
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Halt in Saudi Oil Shipments to Egypt Latest Indication of Worsening Relations
- November 7,2016
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- SUSTG Team
State-owned oil company Saudi Aramco halted shipments of oil products to Egypt indefinitely, the latest indication that Egypt-Saudi relations are worsening since a visit by Saudi Arabia’s King Salman to the country in March. Aramco informed the Egyptian General Petroleum Corp. in early October that it would halt supplies of refined oil products, forcing Egypt to […]
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‘Downward Trend’ in Economic Activity Seen in Latest Jadwa Investment Chartbook
- November 3,2016
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- SUSTG Team
Jadwa Investment’s recently released economic chartbook for the month of November found a downward trend in economic activity and the fourth consecutive negative change in government accounts with SAMA. “Economic data for September showed a downward trend in economic activity,” Jadwa said it the report, pointing to negative growth in cash withdrawals from ATMs and […]
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Saudi Arabia Replaces Finance Minister in Continued Shift Toward Younger Technocrats
- November 1,2016
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- Lucien Zeigler
Saudi Arabia has replaced its Minister of Finance, Dr. Ibrahim Al-Assaf, with the head of the Kingdom’s capital markets regulator Mohammed Al-Jadaan in the latest move toward a younger generation of technocratic leaders in high positions. Al-Assaf was Saudi Arabia’s longest-serving active minister, having held the position of Minister of Finance since 1996. Another Royal […]
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Saudi CMA Approves Rules for Exchange-Listed Real Estate Funds
- October 31,2016
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- Lucien Zeigler
Saudi Arabia’s Capital Markets Authority (CMA) announced that it has approved rules for exchange-listed real estate funds as Kingdom seeks to entice investment to develop housing in Saudi Arabia. “It is important to mention that these instructions aim to regulate offering of Real Estate Investment Traded Funds that has a primary investment objective to invest in construction developed […]
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US Customs Facilities Coming to Riyadh, Jeddah Airports to Add Convenience, Efficiency to U.S.-Saudi Travelers
- October 27,2016
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- SUSTG Team
The United States Customs and Border Protection (CBP) will soon set up facilities at Riyadh and Jeddah airports to process U.S.-bound passengers’ arrival documents before landing in the U.S., the Saudi Gazette reports, citing a person with knowledge of the situation who spoke with the Okaz Arabic daily. Long delays and extra screenings have become standard for […]
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Will Saudi Spending Cutbacks Slow the Kingdom’s Push for Middle Class Home Ownership?
- October 26,2016
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- SUSTG Team
The local director of real estate services firm Jones Lang LaSalle (JLL) said Saudi Arabia’s state spending cuts will pressure people’s ability to buy their own homes and could push housing prices in some segments down by nearly a third, according to a report in Reuters. A reduction in subsidies available to government employees and […]
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Iran NegotiationsDiplomats to Issue Joint Statement of Progress at Iran Talks
The report of the statement follows several days of long meetings. After leaving the talks briefly yesterday to return to Moscow, Russian Foreign Minister Sergei Lavrov returned to the negotiations today. Though on Sunday he told reporters he is “not paid to be optimistic,” this morning he said that “chances are high” for a deal.
- Guardian - Deal or no deal? What happens next after Iran nuclear talks climax
- Washington Post - Diplomats scurry to reach Iran deal before deadline
- Defense One - Iran Nuclear Talks Threatened by Politics at Home and Proxy War Abroad /
- Foreign Policy - How France Became an Iran Hawk
- Bloomberg - Iran Nuclear Talks Enter Final Day With Agreement Still Elusive
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Saudi - SwedenDiplomatic row: Sweden says sorry
In a message to King Salman, Sweden’s Prime Minister Stefan Lofven expressed “deep sorrow and regret over the current crisis in the relations between the two countries” while stressing his government’s keenness to maintain healthy relations between the two countries.
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SecurityU.S. embassy in Saudi Arabia warns of kidnapping plot against Western oil workers
Affiliates of terrorist groups may be planning to kidnap Western oil workers in Saudi Arabia, the U.S. embassy in Saudi Arabia warned over the weekend. The report from the embassy suggests that U.S. oil workers in the country’s Eastern Province could be at risk but acknowledged U.S. authorities have ”no further information on the timing, target, location or method of any planned attacks.”
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U.S. Naval DeploymentNavy To Increase the Number of Deployed Ships to the Middle East, Asia
The Navy plans to increase the number of its deployed ships by more than 20 percent over the next five years, providing the U.S more firepower and assets in the Middle East and Asia to meet security demands, Pentagon officials say.
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Drone Proliferation: PakistanPakistan says it will deploy its own armed drone against terrorists
The global proliferation of armed aerial drones took a major leap forward Friday when Pakistan’s military said it had successfully tested its own version and would soon deploy them against terrorists. The drone, designated the Burraq, will be equipped with a laser-guided missile capable of striking with pinpoint accuracy in all types of weather, the military said. In the Koran, Burraq is the name of the white horse that took the Islamic prophet to heaven.
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Saudi-AfghanistanKing Salman, Ghani explore Saudi-Afghan cooperation avenues
The trip of Afghan president to Saudi Arabia comes at a time when Afghan government and the Taleban are reportedly preparing to hold peace talks soon. The Afghan envoy noted that “Saudi Arabia and the Jeddah-based Organization of Islamic Cooperation (OIC) can play a good role in bringing peace to Afghanistan.”
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Women and the WorkforceFirst Saudi IBM healthcare exec talks female employment
The first IBM Saudi female industry executive says she wants more Saudi women to take the lead in breaking social ceilings. Dubai-based Summer Nasief tells Al Arabiya News of how she became head of the healthcare and life-sciences industry for the blue-chip company, where she worked for 14 years.
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MineralsDiscovering Business | Exploiting the Kingdom’s Mineral Wealth
Saudi Arabia is not only a land of desert sands, as many believe, but one with a wide range of rocks which contain a vast mineral wealth greater than any other Gulf state and includes gold, copper, phosphate, and a wide array of industrial minerals. Such is the scale of this wealth that the Government, as part of its economic diversification strategy, plans to turn its fledgling mining industry into the “third pillar” of the economy after oil and petrochemicals.
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Anti-ISIS CoalitionSaudi top diplomat urges allies to face IS ‘on the ground’
Saudi Arabia's foreign minister on Thursday urged the US-led coalition conducting air strikes against the Islamic State group in Syria and Iraq to wage a ground war against the jihadists.
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Saudi Diplomatic HostageSaudi Diplomat Taken by Al-Qaida in Yemen Free After 3 Years
A Saudi diplomat abducted by suspected al-Qaida militants in Yemen has been freed after nearly three years in captivity and has returned home to Riyadh, the kingdom said Monday.
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