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Recent stories from sustg

  • Saudi 2018 Budget will be ‘Expansionary’ after Two Years of Tight Spending
     

    Saudi Arabia’s budget will be announced tomorrow and will include a “focus on expansion, development and investment” according to comments made on Al-Arabiya TV by a Saudi finance ministry official, and reported in Reuters. “If there was to be a title for the 2018 budget, it would be the budget of expansion and development and […]

     
  • Ambassador Haley Gives Dramatic Presentation of Alleged Iran-Made Weaponry Recovered from Regional Battlefields
     

    US envoy to the United Nations Nikki Haley made a presentation at Bolling Air Force base in Washington, D.C. to provide evidence that Iran had supplied short-range ballistic missiles to Houthi rebels in Yemen which were then fired at Saudi Arabia. Department of Defense (DOD) officials accompanied Haley for the presentation, which was made against a dramatic backdrop of broken […]

     
  • Nearly $20b in Stimulus for Saudi Economy in 2018
     

    Saudi Arabia has unveiled a stimulus package to begin next year with money to support housing construction as well as fee waivers for small businesses. Saudi Arabia’s King Salman issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in the private sector next year (2018), and 200 billion […]

     
  • Bloomberg Report: Meeting Held Today at White House to Discuss Potential for U.S.-Saudi 123 Agreement
     

    Trump Administration officials are reportedly meeting at the White House today to discuss details of a potential nuclear cooperation agreement with Saudi Arabia, known as a 123 Agreement, according to two administration officials quoted in Bloomberg. Section 123 of the U.S. Atomic Energy Act requires the conclusion of a peaceful nuclear cooperation agreement for significant transfers of nuclear material, equipment, […]

     
  • Gas Prices Set to Rise 80% in Saudi Arabia as New Relief for Low Income Saudis Planned
     

    Saudi Arabia will soon raise gasoline and jet fuel prices by 80% on consumers as part of broader economic reform plans meant to curb domestic consumption of oil that could be used for exports. The rise in prices is a result of the gradual elimination of energy subsidies that have long kept prices at world-leading […]

     
  • Saudi Cinema to Return in March 2018, Minister Al-Awwad Says
     

    Saudi Arabia’s Ministry of Culture and Information has confirmed that commercial cinemas will be allowed to operate in the Kingdom as of March 2018, according to a statement by Minister Awwad Al-Awwad. When the first cinema opens, it will be the first public cinema that has been permitted to operate in Saudi Arabia in 35 years. The return of […]

     
  • Omar Bahlaiwa Honored at Johns Hopkins Forum Alongside U.S. Congress Leaders
     

    Omar Bahlaiwa, Saudi businessman, member of the board of directors of the Saudi-US Trade Group (SUSTG), member of the Saudi Committee for International Trade (CIT) and previously Secretary General of CIT as well as acting Secretary General for the Council of Saudi Chambers of Commerce was honored at the Annual Transatlantic Economic Forum held at the Johns […]

     
  • Trump Administration, Saudi Government at Odds over Yemen Blockade, Jerusalem Decision
     

    In an unusual public demand of Saudi Arabia, President Trump has called on Saudi leaders to ease the blockade of Yemen to allow for humanitarian aid to assist the war-torn and decimated country. “I have directed officials in my administration to call the leadership of the Kingdom of Saudi Arabia to request that they completely […]

     
  • Energy Secretary Rick Perry Meets with Top Saudi Leaders; Photos from Visit Go Viral
     

    U.S. Secretary of Energy Rick Perry visited Saudi Arabia over the weekend as part of a tour of three Gulf states, his first trip to the region since becoming the top U.S. energy official. Secretary Perry’s tour of Saudi Arabia was packed with events and visits with key Saudi officials as well as energy institutions in the […]

     
  • UAE, Saudi Arabia to form new ‘Joint Cooperation Committee’
     

    The United Arab Emirates on Tuesday announced it has formed “a new economic and partnership group” that is a “joint cooperation committee” with Saudi Arabia, separate from the Gulf Cooperation Council, in a move that further emphasizes Saudi-UAE alignment amid a diplomatic crisis with member state Qatar. The Emirati Foreign Ministry announcement was made just hours ahead of a […]

     

MUST-READS

  • Iraq’s fractured elites view Syria with consternation as HTS takes charge

    In the wake of former Syrian leader Bashar Al-Assad’s downfall, Iraqi Shiite political elites are now coming to terms with a radical shift in the region’s balance of power. The divergent positions of those in the Shiite Coordination Framework has only further highlighted latent differences between the ruling coalition’s principal heads. Emerging faultlines include differences over Iraq’s response to Syria’s new Sunni Islamist leaders as well as Baghdad’s ties to an increasingly beleaguered Tehran.

  • Max Gallien: Black Markets of the Maghreb

    The World Bank once estimated that about a quarter of the gasoline that is consumed in Tunisia has been smuggled into the country from Libya or Algeria, but that study's from 2014. That number is not correct anymore, but we can say that across the Middle East and North Africa, there has been smuggling going on for as long as these borders have existed. And that smuggling has taken a great variety of different goods and people across these borders. That obviously includes the things that we often talk and think about—narcotics or weapons—but way more often than that it's the things we think less about: gasoline, foodstuffs, microwaves, mobile phones, donkeys, Hello Kitty backpacks, and racehorses. It's a huge variety of goods that are being smuggled, and that often provide an opportunity for income and employment for people in these border regions.

  • Why the Saudis Want a Second World Cup in the Gulf

    Saudi Arabia wields enormous influence in global sport after channeling billions of dollars into such pursuits as racing, golf, tennis and boxing in recent years. Now, the oil-rich kingdom is set to win the right to host the world’s most prestigious football tournament: the World Cup. The only time the competition has ever been held in an Arab Gulf country was in 2022, in the tiny emirate of Qatar — and it happened amid considerable controversy. Games were shifted to the winter to avoid the hot climate, human rights practices drew widespread scrutiny, and beer was banned from stadiums at the last minute. Qatar still went on to hold what some pundits say was one of the best-run tournaments in history.  Saudi Arabia is already home to an annual Formula 1 Grand Prix and is set to host the Asian Football Confederation’s 2027 Asian Cup and the 2029 Asian Winter Games. Its upstart LIV Golf competition is working on a deal with the rival PGA Tour. And its local football league counts top stars including Cristiano Ronaldo among players. Adding a World Cup could attract millions of new visitors, helping to draw in fresh sources of revenue.

  • Tight title battle, top-four race, surprises, survival scrap: how RSL shapes up at break

    We’re not quite at the halfway mark of the 2024-25 Roshn Saudi League, but as the league pauses for the mid-season break, it’s the perfect time to sit back and reflect on the opening 13 rounds. So, going into this four-week pause, these are the major storylines that are already making the campaign one to remember. Check out the current state of play in the RSL. The script has been flipped this season, however, and now it’s Al Hilal playing the role of the hunter rather than the hunted after their defeat to Al Khaleej in matchweek 11 – their solitary loss this campaign - saw them cede top spot. Instead, it’s Al Ittihad that lead the way, with an impressive 12 wins to start the season and just the one loss – ironically to Al Hilal – to give them a two-point buffer going into the break.

  • UK company to open ‘miracle material’ factory in Saudi Arabia

    The world’s first commercial production facility for graphene-enriched carbon fibre is to be built in Saudi Arabia, its backers have announced. Graphene Innovations Manchester (GIM) – a UK company that is developing the “miracle material” said to be stronger than diamond, more conductive than copper and more flexible than rubber – has signed an agreement with Riyadh-based investment company Organized Chaos. The facility is set to open in 2025. The deal was announced during the visit of Sir Keir Starmer to the Gulf this week. The UK prime minister held talks with Crown Prince Mohammed bin Salman in Riyadh and with Sheikh Mohamed bin Zayed, the president of the UAE, in Abu Dhabi.

  • Football presents Saudi Arabia with soft power tool paving the way for World Cup

    A new Netflix series on Saudi football features packed stadiums and top-flight talent, but whether it can curb criticism of Riyadh’s bid to host World Cup 2034 is an open question. The six-episode “Saudi Pro League: Kickoff” began just three weeks before the FIFA Congress is set to formally approve Saudi Arabia, the sole candidate, as host of the quadrennial spectacle. The vote on Wednesday will be a crowning moment for de facto ruler Crown Prince Mohammed bin Salman’s use of sport to amass influence and improve the Gulf kingdom’s global image. Football has been at the heart of that effort, and the Netflix series depicts how the Saudi Pro League has been transformed by the arrival of global stars like Cristiano Ronaldo, Neymar and Karim Benzema, all of whom get ample screen time. The show also seeks to highlight what one commentator describes as Saudi Arabia’s “historic passion for football”, clubs founded nearly a century ago, and rivalries dating back nearly that long.

  • Saudi Arabia, EU Hold Roundtable Discussion to Enhance Trade Partnership

    The Saudi General Authority of Foreign Trade (GAFT) hosted a roundtable with EU here, from December 9 to 10. Chaired by GAFT's Deputy Governor for International Relations Abdulaziz Alsakran and head of the Trade and Economic Affairs Department at the EU Delegation to Saudi Arabia Dr. Thomas Jorgensen, the meeting gathers representatives of various Saudi public and private entities. It aims to strengthen the trade partnership between Saudi Arabia and the EU, one of the Kingdom's major trading partners, and secure a marked increase in the volume of trade between the two sides. Discussions are slated to focus on common challenges and ways to tackle them, enhanced cooperation in trade and investment, and better global economic partnership.

  • Keir Starmer says Saudi Arabia trip fulfils ‘number one mission’ to grow UK economy

    Keir Starmer has defended his trip to Saudi Arabia, saying it was needed to fulfil his “number one mission” of growing the UK economy. Speaking during a visit to Riyadh, where he met the Saudi crown prince, Mohammed bin Salman, the prime minister said his “sole intention” there was to help drive up living standards in the UK. Starmer told broadcasters that he had “made it clear that economic growth in the UK is my number one mission” and “for that to happen we have to win contracts and investment around the world, and UAE and Saudi Arabia are key partners of ours”.

  • How Saudi Arabia and the UK are shaping each other

    Forging alliances that transcend borders, Saudi Arabia and the UK have emerged as powerhouses of collaboration, driving innovation and reshaping global landscapes in the fields of energy, technology, and sustainable infrastructure. In 2018, the two kingdoms established the annual UK-Saudi Strategic Partnership Council as a central platform to discuss and enhance all aspects of their bilateral relationship, including UK support for Saudi Arabia’s Vision 2030 in various sectors. According to Saudi Minister of Commerce Majid Al-Qasabi, bilateral trade between the two countries has surged by more than a third since 2018, exceeding $99.12 billion in value.

  • Maj. Al-Otaibi: Tourist visa device enables issuance of visas in record time

    Maj. Nasser Al-Otaibi, spokesman of the General Directorate of Passports, said that the directorate launched the tourist visa device that enables tourists, who meet the specific conditions, to obtain their visas in record time. "Tourists can benefit from the tourist visa device, which is available at all international ports. The visa will be issued through five steps that start with scanning the passport, then taking the tourist's photo and fingerprint, followed by the stage of choosing and approving health insurance, and then the payment stage, which allows all types of cards," he said while attending the Zakat, Tax and Customs Conference.