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CIT’s Omar Bahlaiwa Appointed Acting Secretary General of the Council of Saudi Chambers
- April 14,2016
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- Lucien Zeigler and Richard Wilson
Saudi Committee for International Trade (CIT) Secretary General, Eng. Omar Bahlaiwa, has been appointed Acting Secretary General of the Council of Saudi Chambers, replacing Khalid Al-Otaibi. Eng. Bahlaiwa, who will continue to serve as Secretary General of CIT which is within the Council of Saudi Chambers of Commerce (CSC), was appointed by CSC Chairman, Dr. Abdulrahman […]
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NYT Report Documents Former Ambassador Al-Jubeir Efforts to Enlist U.S. Support for Saudi Campaign in Yemen
- March 14,2016
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- Lucien Zeigler
A New York Times report by Mark Mazetti and Eric Schmitt sheds light on Saudi Arabia’s efforts to enlist the Obama Administration’s support for taking military action in Yemen last year. The decision to support Saudi Arabia came after two days of meetings in March 2015 between then-Ambassador to the United States Adel Al-Jubeir and top officials in the […]
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Secretary Kerry Makes Second Trip to Saudi Arabia in 2016
- March 11,2016
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- Lucien Zeigler
Secretary of State John Kerry is en route to Saudi Arabia now for his second visit to the Kingdom since the start of 2016. Secretary of State John Kerry will travel March 11 to Hafar al Batin, Saudi Arabia to meet with senior government officials to discuss a variety of topics, including efforts to resolve […]
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Analysis: Taking Stock of ‘Nitaqat’ Labor Reforms, 5 Years On
- February 3,2016
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- Nathan Field
5 years ago – as the Arab Spring rocked the Middle East – the Saudi government launched its own version of “political” reform. In September 2011 it began a series of policies aimed at reforming the country’s labor market and lowering the Kingdom’s chronically high unemployment rates. I have been following the fate of these […]
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New Saudi Ambassador to United States HH Abdullah Al-Saud Addresses U.S. Business Community at First Public Event
- December 14,2015
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- SUSTG Team
HH Prince Abdullah Al Saud, Saudi Arabia’s new ambassador to the United States, gave his first public remarks as ambassador to the U.S. business community on Friday at an event at the U.S Chamber of Commerce, co-hosted by the U.S. Chamber of Commerce, the Council of Saudi Chambers of Commerce, the Saudi Committee for International […]
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KAUST Announces New Partnership with Dow, Launches Venture Capital Fund with ICD
- November 13,2015
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- SUSTG Team
Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) announced two new partnerships this week, including a R&D agreement with Dow Chemical and the creation of a venture capital fund with the Islamic Corporation for the Development of the Private Sector (ICD). The university’s campus is now the future home of the new Dow Middle East […]
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Construction Week’s 2015 Power 25 list for Saudi Arabia; El Seif Engineering #2
- September 17,2015
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- SUSTG Team
The well-regarded industry tracker, Construction Week Online, issued its 2015 Power 25 for Saudi Arabia recently. As the article notes, “This is a celebration of those who are shaping both the industry, and the regional landscape. True to its roots, this year’s list is dominated by powerhouses from across Saudi but you will notice new entrants […]
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Jadwa Investment: Oil sector GDP growth revised up following higher than expected year-to-date oil production in Saudi Arabia
- September 14,2015
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- SUSTG Team
In Jadwa Investment’s recently released report on the Saudi economy, the Riyadh-based finance firm sees limited upside to oil prices for the remainder of the year but increased production leading to growth in Saudi Arabia’s oil sector GDP. “Brent oil prices year-to-date average is currently 55 per barrel (pb), down 51 percent, year-on-year. The combination of […]
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Large Jump in May Oil Shipments to China Moves Russia Past Saudi Arabia
- June 23,2015
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- SUSTG Team
Russia has leaped ahead of Saudi Arabia as the top oil supplier to China, according to Bloomberg, as the race to supply the world’s second-largest oil consumer heats up. Bloomberg: “China imported a record 3.92 million metric tons from its northern neighbor in May, according to data emailed by the Beijing-based General Administration of Customs on Tuesday. […]
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NCB: Saudi real GDP to grow 3.4 percent in 2015
- June 10,2015
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- SUSTG Team
Saudi Arabia will face “a moderate business cycle during 2015 and 2016, growing around 3% in real terms,” Saudi Arabia’s National Commercial Bank (NCB) finds in a recently released study. The study, entitled “Saudi Economic Perspectives 2015-2016” with the theme of “Tackling Challenges on Solid Ground,” finds less contribution from the oil sector and moderation in […]
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Ahmed MaterSaudi Vision 2030: Game Changers Series
Internationally acclaimed artist, Ahmed Mater, looks at Saudi's emerging art scene.
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AQAPSeries of US airstrikes target al-Qaida positions in Yemen
A series of U.S. airstrikes targeted alleged al-Qaida positions on Thursday in a mountainous area where three Yemeni provinces meet, leaving at least four militants dead, Yemeni officials said.
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Anti-ISIS CampaignU.S. intelligence sees Islamic State as weakened after series of defeats
The Pentagon and U.S. intelligence agencies now view Islamic State as a shrinking and increasingly demoralized military force, a sharp shift from the seemingly invincible extremist army that declared an Islamist caliphate two years ago.
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GuantanamoUS starts expected series of releases from Guantanamo prison
A man from Yemen who spent the past 14 years in custody at Guantanamo Bay has been freed and sent to the Balkan nation of Montenegro, the Pentagon said Wednesday, marking the start of what is expected to be a new round of releases from the U.S. base in Cuba.
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CareemUber’s rival in the Middle East, Careem, raises $60m in series C financing
Careem has, on average, grown by 30% month-on-month since the past three years in its “core markets” of Saudi Arabia, UAE, and Egypt. Part of the money will also be invested in new products and services.
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Iran and ISISIran versus ISIS: Four-Part Series
The Islamic world is rife with political diversity, from ultraconservative monarchies to new democracies. But two places reflect the escalating rivalry over an ideal Islamic state in the 21st century: The Islamic Republic of Iran, predominantly Shiite, was born of a revolution against centuries of monarchical rule. The Islamic State, purely Sunni, was born out of war in the modern nations of Iraq and Syria.
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