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Recent stories from sustg
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Saudi King Salman Congratulates Trump
- November 9,2016
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- SUSTG Team
Saudi King Salman on Wednesday congratulated Republican Donald Trump on winning the US presidency. King Salman said both Saudi Arabia’s government and its people “offer their best wishes for the new US leader” and also “wished more progress for the US government and its people, and more ease for the new Trump administration to be […]
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CEDA Cancels $267 Billion in Projects
- November 8,2016
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- SUSTG Team
Saudi Arabia’s powerful Council of Economic and Development Affairs (CEDA) has cancelled projects valued at up to 1 trillion Saudi riyals ($266.7 billion), the SPA and other news outlets report. “The CEDA has also stopped awarding a big number of projects whose spending does not go in line with the expected economic and development return […]
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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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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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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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Saudi Arabia combats desertification while also reforesting coasts
- July 24,2024
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- SUSTG Team
The National Center for Vegetation Cover Development and Combating Desertification (NCVC) of Saudi Arabia was established in 2014 by the Council of Ministers to manage and invest in the country’s vegetation cover and combat desertification.
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
- March 11,2024
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- SUSTG Team
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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Israel, Gaza, and a region with shifting power dynamics with columnist Hussein Ibish
- March 4,2024
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- SUSTG Team
In Episode 125, the hosts welcome veteran columnist and analyst Hussein Ibish onto The 966 for his third appearance on the program to unpack the implications of Israel’s brutal war in Gaza and the shifting regional and global power dynamics since October 7th.
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Dr. Basma Al-Buhairan, from Saudi Arabia’s C4IR and the Saudi RDIA, talks tech development, transformation in KSA with The 966
- December 15,2023
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- SUSTG Team
In Episode 115, The 966 hosts are back in their normal seats and with a special guest, Dr. Basma Al-Buhairan, Managing Director for the Center for the Fourth Industrial Revolution (C4IR), who joins The 966 to talk about tech adoption and the Center’s role in enabling Vision 2030’s success.
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More on Saudi-Israel normalization reports, Lucid’s future, and Kuwait University’s Bader Al-Saif joins The 966
- August 11,2023
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- SUSTG Team
Episode 98! Dr. Bader Al-Saif, founding President at Al-Saif Consulting and Assistant Professor at Kuwait University joins The 966 to talk about Saudi Arabia as an emerging economic and diplomatic power in a changing region. Al-Saif is also a visiting researcher at Georgetown University, where he completed his PHD in history, and a non-resident fellow […]
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MUST-READS
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NEOMU.S. Aecom Wins Contract to Manage Saudi’s Neom Bay: Maaal
U.S. engineering firm Aecom will manage the development of Neom Bay, part of a $500 billion mega city on Saudi Arabia’s Red Sea coast, the kingdom’s Maaal reported, without saying where it got the information.
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U.S.-IranU.S. imposes new sanctions on Iran amid rising tensions between the two countries
Mr. Trump said the sanctions “will deny the Supreme Leader and the Supreme Leader’s office, and those closely affiliated with him and the office, access to key financial resources and support.”
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IranFilling Iran oil gap in India: U.S. supplies outshine Middle East crude
A surge in India’s oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on Tehran in November, according to tanker arrival data obtained from sources.
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Banking and FinanceSaudi and U.A.E. Bank Revenue Seen Pressured by U.S. Rate Cuts
Saudi Arabia and United Arab Emirates banks may have their annual revenue estimates cut by one or two percentage points for every 25 basis basis point decline in U.S. interest rates, according to Bloomberg Intelligence.
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U.S.-IranU.S. set to announce ‘significant’ sanctions on Iran as tensions simmer
The United States is set to start the week by announcing "significant" sanctions, while Iran said it could shoot down another U.S. drone if necessary.
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Saudi-IranU.S. envoy for Iran meets Saudi deputy defence minister in Jeddah
U.S. Special Representative for Iran Brian Hook met Saudi Arabian Deputy Defence Minister Prince Khalid bin Salman in the Red Sea port city of Jeddah on Friday, the minister tweeted.
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Global Oil MarketsU.S. ‘very pleased’ that Saudi Arabia ensuring well-supplied oil market
The United States is "very pleased" that Saudi Arabia is making sure that the global oil market is well supplied, a U.S. official said on Friday, amid fears of energy disruption because of growing military tension in the Middle East. "They have been very helpful at ensuring the well-supplied and stable oil market, and so we're very pleased," U.S. envoy on Iran, Brian Hook, told a news conference in the Saudi capital Riyadh.
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U.S. MilitaryCommentary: The Increasingly Dangerous Politicization of the U.S. Military
Using the U.S. military to score political points is a relatively recent phenomenon. Today, both major political parties assiduously recruit retired senior military officers to support their presidential candidates.
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Iran SanctionsAs Iraq Tries to Beat the Heat, U.S. Renews Sanctions Waiver on Power From Iran
The U.S. has allowed Iraq to import natural gas and electricity from Iran without risking sanctions for another four months, Iraqi officials said, as Baghdad braces for protests over power cuts during the scorching summer months.
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IranU.S. Allies in Middle East Respond to Tensions with Iran
U.S. allies in the Middle East have held back from a full-throated endorsement of Secretary of State Mike Pompeo’s claim that it is “unmistakable” Iran perpetrated a June 13 attack on two oil tankers in the Gulf of Oman.
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