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Russia’s Putin Arrives in Saudi Arabia to Discuss Oil Market Stability, Regional Tensions
- October 14,2019
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- SUSTG Team
Russia’s President Vladimir Putin is in Saudi Arabia to visit with top Saudi leaders, his first trip to the Kingdom in over a decade. The visit is a sign of Russia’s “growing Middle East clout,” Reuters reports, as tensions brew in regional hotspots where Russia and Saudi Arabia’s interests diverge. Putin will sign oil agreements, which will […]
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Range of ‘Positive Developments’ Seen in Latest Saudi Economic Data for August 2019
- October 1,2019
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- SUSTG Team
Economic data for Saudi Arabia for the month of August revealed a number of “positive developments” in several areas, according a recently-released monthly chartbook report by Jadwa Investment. The Riyadh-based bank noted that POS transactions rose by 18 percent year-on-year, while non-oil PMI index edged up, and cement sales and production rose by 12 percent and […]
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Britain, France, and Germany Join U.S. in Blaming Iran for Attacks
- September 24,2019
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- SUSTG Team
Britain, France and Germany have joined the United States in blaming Iran for recent attacks on key Saudi Arabia oil facilities, according to reports, issuing a joint statement Monday on the sidelines of the United Nations General Assembly. “We condemn in the strongest terms the attacks on oil facilities on Saudi territory on September 14th, 2019 in Abqaiq […]
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Brazen Attacks on Key Saudi Oil Facilities Knock Half of Daily Saudi Production Offline, Place Region on Edge
- September 16,2019
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- SUSTG Team
In the early hours of Saturday morning, two of Saudi Arabia’s most important oil facilities were brazenly attacked and set ablaze, causing a disruption of half of Saudi Arabia’s total daily oil production and 5% of the world’s crude supply and throwing the tense region into greater risk of conflict. The attacks on Saudi Arabia hit […]
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Saudi Arabia Names New Energy Minister, Appointing Royal with Deep OPEC Experience
- September 9,2019
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- SUSTG Team
Saudi Arabia has named a new energy minister in Prince Abdulaziz bin Salman, a son of King Salman and older half brother of Crown Prince Mohammed bin Salman, to replace Khalid Al-Falih. Abdulaziz bin Salman is the first member of the royal family to serve as oil minister in Saudi Arabia, a break from longstanding […]
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Saudi Arabia Announces Six Flags Qiddiya with Plans for the World’s ‘Longest, Tallest and Fastest Roller Coaster’
- August 27,2019
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- SUSTG Team
Saudi Arabia has unveiled the official park design for Six Flags Qiddiya, a family-oriented theme park currently under construction just outside of Riyadh. The announcement, along with a website for the future park, said that Six Flags Qiddiya will feature “a number of record-breaking roller coasters, unique thrill experiences, incredible live shows and more arranged into 6 […]
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Saudi Embassy Responds to Misinformation in U.S. Election Debates
- August 8,2019
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- SUSTG Team
The spokesperson for the Saudi embassy in Washington, Fahad Nazer, responded to “worrisome and false” allegations being made by U.S. politicians against Saudi Arabia as the 2020 election cycle gears up. Nazer sought to “set the record straight” especially on accusations connecting Saudi Arabia with Al-Qaeda made by longshot Democratic candidate, representative Tulsi Gabbard from Hawaii. […]
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‘History in the Making’: Saudi Arabia Allows Women to Travel Independently; Enacts Other Reforms
- August 5,2019
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- SUSTG Team
Saudi Arabia’s decision to allow women to travel independently is being hailed a historic leap for gender equality in the Kingdom as women celebrate their new rights and freedoms enacted under King Salman and Crown Prince Mohammed bin Salman. “The new regulations are history in the making,” Princess Reema Bint Bandar, Saudi Arabia’s first woman ambassador […]
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Saudi Binladen Group Seeks Restructure Advisor for Billions of Debt – Report
- July 31,2019
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- SUSTG Team
The Saudi BinLaden Group is seeking an advisor to help the troubled company restructure as much as $20-$30 billion in debt, according to a new report in Reuters. The once-dominant construction company in the Kingdom that has fallen on hard times is now looking for a comeback. In late 2017, the Saudi government, through a Finance-ministry […]
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Saudi Arabia in talks with ‘regional and global investors’ for Qiddiya, the Kingdom’s mega entertainment and sports city – report
- July 24,2019
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- SUSTG Team
Saudi officials are engaged in talks with “regional and global investors” for the Kingdom’s first mega entertainment and sports city that’s being developed as part of the kingdom’s plans for life after oil, Bloomberg reports. The company is looking at options for investment including “joint ventures, land leasing and privatization to fund the project,” according to comments from the company’s […]
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MUST-READS
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Middle Eastern ArchaeologyUAE and UNESCO to preserve Middle Eastern archaeology with 3D printing technology
"Extremists want to impose a different vision on the world. They want to tell us that there is no memory, that there is no culture, that there is no heritage,” added Irinia Bokova, Director-General of UNESCO. “We join hands with Dubai Museum of the Future Foundation to participate in the effort to oppose the extremists' vision of the future and to help convey the history to future generations."
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Saudi EconomySaudi Arabia, UAE economic activity remains stable: CA
In Saudi Arabia, the non-oil private sector PMI stood at 56.5 in September, which is markedly lower than the August figure of 58.7. However, the third quarter average was almost the same as the second quarter average. Despite the slowdown of the growth rate, Saudi output expanded along with new orders (including foreign ones).
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Weather in the Middle EastUAE, Oman put on alert over tropical storm brewing in Arabian Sea
Officials are monitoring a tropical storm brewing in the Arabian Sea off the coast of Oman, it has been reported.
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Saudi-UAEOpinion: Saudi Arabia, the UAE and the region’s new equation
The Arab world now stands in need of a compass to point it on its way. The problems of the Arab regional system, plus the negativity of the Arab League, have left a vacuum which regional parties are trying to fill as they expand in the region and interfere in the internal affairs of Arab countries.
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UAE EnergyUAE to invest $35b to expand energy sources
The United Arab Emirates (UAE) will invest $35 billion to diversify energy sources and reduce dependence on imports of natural gas, state news agency WAM reported.
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Arabian WealthNearly half of Middle East’s ultra wealthy live in Saudi or UAE
There are nearly 6,000 ultra high net worth (UHNW) individuals in the Middle East with a combined net worth of $995 billion, according to a Wealth-X study.
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War in Yemen: UAEWhat Intervention in Yemen Means for UAE’s National Identity
An unintended repercussion of this war may be the potential political maturity of UAE citizens who have for decades been shielded from political crises in the region by a comfortable life at home.
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Expatriate HiringExpat hiring most difficult in KSA, easiest in UAE
According to the Gulf Talent panel, the UAE remains the easiest market for hiring expatriate talent, while Saudi Arabia is the most challenging.
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Gulf AirlinesDo Qatar, UAE Airlines Threaten US National Security?
The big three U.S. airlines — American, Delta and United — have long claimed that massive subsidies from the UAE and Qatari governments unfairly prop up Emirates, Etihad Airways, and Qatar Airways. Now they’re saying it’s bad for U.S. national security as well.
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UAE MilitaryUAE Confirms Interest in Mistral Ship
A United Arab Emirates government official has confirmed to Defense News the government's interest in acquiring one of two French Mistral-class amphibious assault ships originally ordered by Russia in 2011.
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