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Recent stories from sustg
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Vision 2030 and Natural Gas
- October 25,2016
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- SUSTG Team
A recently released Jadwa Investment report looks at the role that natural gas will play in Saudi Arabia’s Vision 2030 plan to reform its economy and society. “Saudi Arabia holds the world’s sixth largest proven gas reserves and was the seventh largest producer of gas in 2015. Continued investment in gas has resulted in steadily […]
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Yemen Ceasefire Tested by Missiles, Airstrikes
- October 21,2016
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- SUSTG Team
The 72-hour U.N.-backed truce in Yemen came under duress on Thursday when missiles fired from inside the war-torn country killed two civilians in Saudi Arabia, while a Saudi-led coalition launched air strikes that Iran-allied Houthi fighters said killed three people, according to reports. The U.N.-brokered ceasefire began late on Wednesday, which “brought Sanaa its first night without air strikes in […]
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Saudi Energy and Industry Minister Khalid Al-Falih: Oil Market Wrapping Up ‘Considerable Downturn’
- October 19,2016
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- SUSTG Team
Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih said on Wednesday that oil markets were at the end of a “considerable downturn” and that fundamentals were improving. “Market forces are clearly working after a testing period of sub-$30 oil prices… Oil demand is expanding at a healthy rate despite slower global growth,” Al-Falih said. […]
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U.S. Responds to Missile Strikes from Yemen, Destroys 3 Radar Sites
- October 13,2016
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- SUSTG Team
The U.S. military struck three radar sites in Houthi-controlled territory on Yemen’s Red Sea coast, the Pentagon said in a statement. The strikes were aimed at preventing future missiles from being launched toward U.S. warships. “These limited self-defense strikes were conducted to protect our personnel, our ships, and our freedom of navigation in this important […]
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News Analysis: In Push for Diversified Economy, Saudis Share in Sacrifice
- September 28,2016
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- Lucien Zeigler
As part of its ongoing drive to reduce government spending Saudi Arabia announced that it will suspend pay increases for public sector employees and slash Minister-level pay and benefits, sending a message that all Saudis will share in the sacrifice as tries to balance its budget and diversify its economy away from oil. The decision […]
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Saudi Binladin Group Says Government Resumes Payment of Dues
- September 23,2016
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- SUSTG Team
The Saudi finance ministry has resumed payments to Saudi Binladin Group (SBG), the kingdom’s biggest construction firm, for its work on government projects, according to a Reuters report which cited a local newspaper. The positive news for SBG and its employees comes at a critical time for the company. SBG faced its toughest challenges in the […]
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Event Alert: King of Bahrain, Secretary Kissinger, Gen. David Petraeus Headline C3 Business Summit in New York
- September 22,2016
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- SUSTG Team
Scheduled to take place on the heels of the 71st U.N. General Assembly in New York on September 26 and September 27, the 2016 C3 Business and Healthcare Summit has announced the confirmed participation of His Majesty King Hamad Bin Isa Al Khalifa and The Honorable Dr. Henry Kissinger. This edition of the well-established C3 Summit series will examine ISIS, Brexit, the growing concerns […]
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Senate Votes Down Proposal to Block U.S. Arms Sale to Saudi Arabia
- September 22,2016
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- Lucien Zeigler
The Senate on Wednesday rejected a bipartisan proposal to block a pending $1.15 billion United States arms sale to Saudi Arabia by a vote of 71-27. The Senate action comes as Congress is considering whether to override an expected presidential veto of the so-called JASTA bill, allowing 9/11 victims’ families to sue the Saudi government. The proposed […]
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Washington Post Editorial: Obama Right to Veto JASTA
- September 16,2016
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- SUSTG Team
An editorial in today’s edition of the Washington Post calls for President Obama to veto the Justice Against Sponsors of Terrorism Act (JASTA) which reduces foreign sovereign immunity by allowing U.S. courts to hear cases involving claims against a foreign state for injuries, death, or damages that occur inside the United States as a result of […]
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Asian Banks Said to Have ‘Intense Interest’ in First Saudi Foreign Debt Issuance, Reports Say
- September 1,2016
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- SUSTG Team
Saudi Arabia is seeing “intense interest” in its first international bond sale of $15 billion and is considering further issuances given the current appetite, according to a report today in the Financial Times. The Kingdom’s first international debt sale has generated so much interest from particularly from Asian investors that “the kingdom is weighing a […]
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MUST-READS
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LebanonLebanon passes 2020 budget with a six per cent deficit
According to the National News Agency, the 2020 budget was passed by a vote of 49 to 13, with eight abstentions. The legislature approved a budget with a six per cent deficit, a huge difference compared to a zero-deficit budget that was being targeted by Lebanon’s former government.
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Women in the WorkforceSaudi women tops in World Bank study
For the past decade the World Bank’s WBL project has focused on gender equality and worked to empower women. Its coverage of 190 economies is based on eight indicators relevant to women’s economic participation: Mobility, workplace laws, pay, marriage, parenthood, entrepreneurship, assets and pension.
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LebanonLebanon protests: After 100 days, mood is dark but hopes are undimmed
Lebanon’s anti-government uprising entered its 100th day on Friday with protesters in a much darker mood, reflected in their new rallying cry.
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LebanonCan Lebanon’s new government revive the economy?
After three months of political paralysis, Lebanon has finally formed a government under Prime Minister Hassan Diab. Now comes the task of saving the country from a biting financial crisis and winning over investors and foreign donors.
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CoalHere are the proposed coal power plants China is bankrolling around the world
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LebanonLebanon forms government with backing of Hezbollah and allies
Diab described his government as a technocratic “rescue team” that would work to achieve protesters’ goals. His first trip abroad would be to the Arab region, particularly the Gulf. But analysts said Hezbollah’s role meant Diab might have trouble winning foreign support.
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Smart CitiesHow GCC’s smart cities will tackle urbanization challenges
In 2017, 17 out of 22 Arab League countries had more than half their populations living in urban areas. With further population increases predicted in MENA countries, experts say implementation of policies designed to reap the benefits of planned urban growth is of the essence.
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Trump Travel BanTrump weighs travel ban expansion in coming days
The Trump administration is eyeing seven countries for new immigration restrictions three years after its original order, which created an uproar for targeting Muslim-majority nations.
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Mada'in SalehMada’in Saleh – Saudi Arabia’s Abandoned Nabatean City
The Nabateans occupied the city in the 1 st century BC. They were originally nomads who established a powerful kingdom in the Sinai and parts of modern Jordan in north-west Arabia. Under the Nabateans, the settlement of Mada'in Saleh became a true city. They developed a system for irrigation based on the collection of rainwater in tanks which helped agriculture to flourish.
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LebanonHundreds injured in Lebanon as violence flares in ‘week of anger’
Lebanese medical groups said at least 377 people were injured on Saturday, including 80 who were taken to hospital, during the culmination of days of unrest that organisers called a “week of anger” after a relative lull.
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