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New Turmoil in Yemen as Separatists Surround Presidential Palace in Aden
- January 30,2018
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- SUSTG Team
Infighting between forces supported by the Saudi and UAE-led coalition in Yemen to restore power to the legitimate government in Yemen is threatening to derail the larger campaign against the Iran-aligned Houthi rebels, according to reports. Clashes broke out between the two once-friendly sides in Aden, Yemen this week, where the pro-Saudi elected government of […]
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Saudi Arabia Releases Prince Alwaleed bin Talal and Three Other Prominent Detainees
- January 29,2018
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- SUSTG Team
Just hours after a Reuters interview with reporter Katie Paul, Prince Alwaleed bin Talal was released from his cushy confines in the Ritz Carlton, Riyadh, where he and other prominent businessmen and royals have been detained in a crackdown on corruption in Saudi Arabia that started in November. Prince Alwaleed gave a tour of his large […]
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Saudi Aramco CEO Says Company Eying U.S. Expansion
- January 26,2018
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- SUSTG Team
Saudi Aramco’s CEO Amin Nasser said the company was eying expansion in the United States “where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive,” Reuters reports. Nasser also lauded the Trump administration as being friendly toward the oil industry. “The Trump administration has been positive towards the energy […]
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At Davos, Saudi Leaders Discuss Energy, Foreign Policy on World Stage
- January 23,2018
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- SUSTG Team
Saudi government leaders arrived to Davos, Switzerland for the annual World Economic Forum to meet with other world leaders and discuss key foreign policy and energy challenges facing the Kingdom. The 48th Annual Meeting in Davos will host 3,000 participants across all stakeholder groups including public & private sectors, civil society, academia, media, and arts & culture. The Saudi delegation is led […]
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Saudi Arabia Announces 9 New Desalination Plants in 18 Months
- January 22,2018
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- SUSTG Team
Saudi Arabia said it would build 9 new desalination plants in the next 18 months on the Red Sea coast, according to an announcement by the Saudi Minister of Environment, Water and Agriculture, Eng. Abdulrahman al-Fadhli. The new plants will cost SAR 2 billion ($533 million). The minister said the plants would be built “using modern techniques” […]
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Saudi Alternative Energy Sector Set for Big Year with Localization in Focus
- January 19,2018
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- SUSTG Team
With U.S. shale now forecasted by analysts and the U.S. EIA to out-produce Saudi Arabia and Russia in 2018, and Saudi Arabia needing to burn less of its own oil for domestic use and continue toward a more sustainable economy, alternative energy in the Kingdom has never been hotter. Saudi leaders have long talked about the benefit of a […]
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Saudi Arabia’s King Salman Orders $2b ‘Deposit’ to Yemen to Shore Up Currency
- January 18,2018
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- SUSTG Team
Saudi Arabia’s King Salman ordered a $2 billion transfer to the Yemeni central bank, according to reports, as the Kingdom looks to shore up the economy of its war-torn southern neighbor. The Saudi Ministry of Culture and Information (MoCI) said in a statement that the money is meant “to address the deteriorating economic situation” in Yemen. “All […]
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Will Saudi Arabia Purchase a Stake in Hollywood’s Largest Agency?
- January 17,2018
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a 5-10% stake in Endeavor, the holding company for Hollywood talent agency William Morris Endeavor (WME), for $500 million, according to reports. The Beverly-Hills, California based agency formed in 2009 as a merger between William Morris Agency and Endeavor Agency and represents artists across […]
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Bloomberg News, MiSK Launch Course in Dubai to Train Aspiring Saudi Journalists
- January 16,2018
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- SUSTG Team
Bloomberg news and Saudi Arabia’s MiSK Foundation have teamed up to launch a course on financial reporting to train aspiring Saudi journalists, according to a report in Arab News. The intensive week-long course is taught at the Bloomberg Middle East headquarters in Dubai. 30 Saudi undergraduates, including 22 women and eight men, were chosen by MiSK […]
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Ritz Carlton Riyadh May Re-Open in February as Prince Alwaleed bin Talal Reportedly Negotiating for Release
- January 15,2018
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- SUSTG Team
The palatial Ritz-Carlton in Riyadh may re-open in mid-February 2018 after it served as a makeshift detainment center for Saudi elites accused of corruption charges. The hotel has re-opened its online reservation system, accepting new guests as soon as February 14th. Reservations attempted before that date re-direct to a notification that no rooms are available at […]
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Saudi Crown Prince and Canadian PM discuss over phone efforts to de-escalate regional tensions
Saudi Crown Prince and Prime Minister Mohammed bin Salman received a phone call from Canadian Prime Minister Justin Trudeau on Tuesday. During the call, the leaders emphasized the importance of supporting efforts to de-escalate tensions and achieve security, peace, and stability in the region. They discussed developments in Gaza and the occupied Palestinian territories, the latest updates from Syria, in addition to several other topics of mutual interest. The leaders also reviewed bilateral relations and discussed ways to enhance them in various fields.
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Saudi, Malaysian foreign ministers chair cooperation meeting in Riyadh
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan and his Malaysian counterpart chaired the first meeting of the Saudi-Malaysian Coordination Council in Riyadh on Tuesday. Following the meeting, Prince Faisal and Dato’ Seri Utama Hajji Mohamad bin Hajji Hasan, Malaysian minister of foreign affairs, signed a memorandum of understanding on mutual exemption from a short-stay visa for holders of diplomatic, private or official passports.
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Saudi Arabian low-fare carrier opens new Egypt route
Saudi Arabia’s low-fare carrier, flynas, has inaugurated a new route connecting Medina Prince Mohammad bin Abdulaziz Airport (MED) and Giza Airport (SPX) in Egypt. The new service will operate three times a week, offering travelers budget travel to Cairo, which is served by Giza. The airline says the route supports the goals of the Saudi national Civil Aviation Strategy, which aims to significantly increase passenger traffic and tourism to the Kingdom by 2030. The airline now connects five Saudi cities to various Egyptian destinations, including Cairo, Sohag, Sharm El-Sheikh, Hurghada, and El Alamein.
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PIF sets up company to develop Saudi hotel brands
Khalid Johar, co-head of local real estate portfolio at PIF, said: “The launch of Adeera comes at a pivotal time when Saudi Arabia is expanding its hospitality and tourism offerings. The company has the opportunity to grow the sector by introducing new hotel brands as the country is establishing itself as a major tourism destination. Adeera’s unique focus on Saudi culture and traditions will provide a distinctive edge.” Adeera has been described as “a national champion” that will build new world-class Saudi hotel brands across the sector, from mid-range to ultra-luxury, and create programmes to train Saudis in the hospitality sector.
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Saudi Arabia Launches Its First-Ever Cruise Ship in Jeddah
Saudi Arabia has officially launched its first-ever cruise ship, AROYA, at the Jeddah Islamic Port, marking a significant step in the Kingdom's growing cruise tourism sector. The new ship, introduced by Cruise Saudi, is set to boost the nation’s efforts to enhance its maritime tourism offerings and attract international travelers. The AROYA cruise ship features a state-of-the-art design with 19 decks and a total of 1,678 cabins and suites. The vessel can accommodate up to 3,362 passengers, making it one of the largest in the region.
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Top White House advisor travels to Middle East in last ditch push for a Gaza deal
White House national security adviser Jake Sullivan is expected to travel to Israel, Egypt and Qatar this week in a last ditch effort to reach a hostage-release and ceasefire in Gaza deal before President-elect Trump's inauguration in six weeks, two sources with knowledge of the trip told Axios.
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Gulf monarchies scramble in Syria as ghosts of the Arab Spring return
Gulf states who spent years trying to crush Islamic political movements viewed as a threat to their rule are now reconciling, potentially working with a government in Syria headed by Hay'at Tahrir al-Sham (HTS) that is backed by rival Turkey and courting the US. Saudi Arabia, the UAE and Egypt have been caught off guard by what one Egyptian diplomat characterised to Middle East Eye as the “quick rebranding” of HTS, a former al-Qaeda affiliate. The UAE has also been unnerved by the US’s manoeuvring to open backchannels of communication to HTS via Turkey, according to a senior western official.
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Saudi Arabia and international arbitration: modern and ambitious
The growth of new centers of international arbitration in areas of the world not historically associated with this form of cross-border dispute resolution has been a key trend in the evolution of international arbitration over the last 20-30 years. The Kingdom of Saudi Arabia (KSA) has emerged as a country to watch in an increasingly competitive global marketplace for arbitration work. This article discusses the key features of the 2023 Arbitration Rules of the Saudi Center for Commercial Arbitration (SCCA).
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Amid euphoria of Assad’s fall, anxiety about governing Syria
Photos from the Syrian capital Damascus on Tuesday showed the surreal scene of the intransigent Assad’s former ministers sitting at a huge table with representatives of the Turkish-backed Syrian rebel group, Hayat Tahrir al-Sham (HTS), that entered Damascus on Saturday and moved to form an interim government. Behind the HTS-appointed interim Prime Minister Mohamed al-Bashir stood two flags: the green, white and black Free Syrian flag of the broad anti-Assad coalition; and HTS’s white flag with black writing, that represented the jihadi rebel group that has run the northwestern Syrian city of Idlib the past several years.
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Parsons signs deal to improve Riyadh’s road network
US company Parsons Corporation has won a contract to manage the development of Riyadh’s road network, as the Saudi capital city gears up to host Expo 2030 and the Fifa World Cup 2034. The $53-million three-year contract was awarded by the Royal Commission for Riyadh City (RCRC) to the New York Stock Exchange-listed company, which will offer programme management office (PMO) services on the city’s main and ring roads programme. As part of the contract, Parsons will be the PMO for all new major road development programmes in Riyadh, providing overall management and control of construction activities. The programme includes 500km of new and improved road corridor works.
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