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  • Saudi, Russia Sign Oil Cooperation Agreement
     

    Saudi Arabia and Russia signed an agreement on Monday to cooperate in world oil markets – but the cooperation does not include an immediate cut in production that some other oil producing nations want. The agreement was struck between top Saudi and Russian officials currently at the G20 summit in the Chinese city of Hangzhou. Saudi Energy Minister […]

     
  • Jadwa: Economic Data for July Shows ‘Mixed Picture’ for Saudi Economy
     

    Recently-released Jadwa Investment monthly chartbook data on the Saudi economy for July showed “a mixed picture in economic activity,” the Riyadh-based investment firm said, noting that data on point-of-sale transactions and ATM withdrawals showed a notable slowdown in July, while the non-oil PMI rose to a 2016 high. The Saudi unemployment rate rose slightly to 11.6 […]

     
  • Asian Banks Said to Have ‘Intense Interest’ in First Saudi Foreign Debt Issuance, Reports Say
     

    Saudi Arabia is seeing “intense interest” in its first international bond sale of $15 billion and is considering further issuances given the current appetite, according to a report today in the Financial Times.  The Kingdom’s first international debt sale has generated so much interest from particularly from Asian investors that “the kingdom is weighing a […]

     
  • Deputy Crown Prince Mohammed bin Salman Arrives in China, Meets with Top Chinese Officials to Discuss ‘Vision 2030’
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and a delegation including top ministers and other officials are in China this week for talks aimed at pushing the Kingdom’s Vision 2030 broad economic reforms. The visit to global economic powerhouse China, like the Deputy Crown Prince’s visit to the United States in June, hopes to “showcase […]

     
  • In 2016, Saudi Restrictions Removed for U.S. Meat Exporters
     

    2016 has been a good year for U.S. farmers and food producers looking to expand into the Saudi market as the Kingdom has relaxed previously established restrictions on both poultry and beef imports from the United States.  In July, Saudi Arabia lifted a lengthy four-year ban on US beef imports that followed a scare over […]

     
  • Contemporary Saudi Art Exhibit Continues Tour of America
     

    Today’s SUSTG Review includes a review from the East Bay Express about GENERA#ION, a traveling show presenting contemporary art from Saudi Arabia that is now on view in a number of galleries in San Francisco.  The East Bay Express gives the show a strong recommendation and, in fact, the exhibition has been very well-received as […]

     
  • Ministry of Labor Moves to Implement Saudisation of all Telecom Shops
     

    The Saudi Ministry of Labor and Social Development continues to move aggressively to implement its goal to Saudize the telecom sector – specifically workers in mobile telephone shops – by September 2, 2016. Minister Mofrej Al-Haqbani had previously stated that, “We have no intention of postponing the implementation of the decision or extending the grace […]

     
  • John Kerry to Visit Saudi Arabia
     

    U.S. Secretary of State, John Kerry, will travel to Kenya, Nigeria and Saudi Arabia next week as part of a tour that is expected to focus on counter terrorism.  Secretary Kerry is expected to be in Jeddah on Wednesday, August 24th. AFP reports that Secretary Kerry will meet with his counterparts from the six-nation Gulf […]

     
  • Ematah (Removal) Campaign Addresses Saudi Litter
     

    The ‘Crying Indian’ was one of the most iconic images on American television in the 1970s. Produced by the Keep America Beautiful organization it featured Iron Eyes Cody as a Native American distraught over the amount of pollution and litter there was in the United States. Litter was a significant issue in America at the […]

     
  • As Civilian Casualties Grow in Yemen, Capitol Hill Questions U.S.-Saudi Arms Deals
     

    As casualties mount in the Saudi-led war in Yemen to reinstate the legitimate U.N.-recognized Hadi government, some U.S. lawmakers are considering whether to block the sale of additional arms to Saudi Arabia. It is not known if the potential block has significant backing on Capitol Hill, and criticism of past arms sales to Saudi Arabia […]

     

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    Number of Saudi women employed in private sector doubles

    The number of Saudi women employed in the private sector almost doubled in one year to reach 400,000 last year, an official report has indicated. The meteoric rise from 48,406 women in 2009 to 100,000 in 2011 and 200,000 in 2012 is a clear indication of the success of the ambitious drive by the authorities to find employment opportunities for women in the conservative society that has strongly resisted allowing women to take up jobs in the private sector.