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America is the Only Country that Taxes Their Citizens on Global Income. Here’s Why That Makes Them Toxic to Foreign Employers.
- October 16,2015
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- SUSTG Team
The United States is the only country to tax the earnings of its citizens abroad. Double-taxation, as it is known, is hurting American interests abroad and making the employment of U.S. citizens a toxic proposition for foreign companies. Writing in the Wall Street Journal, which is behind a paywall and requires subscription, Colleen Graffy assails […]
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New Social Media Study on Saudi Arabia Finds ‘Life for Many Saudis An Ecosystem of Apps’
- October 13,2015
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- SUSTG Team
With Saudi Arabia one of the most active countries in the Middle East on social media, a recent study found that Saudi users change their platform preferences relatively quickly “considering all the changes that have come to them.” “The world of social media has evolved at a prodigious pace where two years seem longer in duration considering […]
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Current and Long-Term Challenges for the Labor Market in Saudi Arabia – Jadwa Investment
- October 12,2015
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- SUSTG Team
A recently released report by Jadwa Investment on the Saudi labor market looks ahead to the potential significant challenges still facing the labor market within Saudi Arabia. “The Saudi Labor Market has undergone significant and dynamic change over the course of the last decade. The labor market is notably segmented and unique challenges are being […]
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Iranian Fighters Among Those Captured So Far in Yemen, According to a Former Saudi Navy Captain and Prince
- October 7,2015
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- SUSTG Team
At a NCUSAR-hosted event on Capitol Hill in Washington yesterday, HRH Navy Captain (Ret.) Prince Sultan bin Khalid Al-Faisal told an audience that Iranians and Hezbollah forces have been captured by Saudi-led coalition forces in Yemen. Barbara Slavin in Al Monitor writes that while Prince Sultan bin Khalid Al-Faisal was not speaking on behalf of the Saudi government, “his […]
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As Putin Ramps Up Attacks in Support of Assad, Saudi Arabia and the Gulf States Eye a Response
- October 5,2015
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- SUSTG Team
Russia’s recent military escalation in support of Syria’s embattled president is placing Riyadh and Moscow on a collision course as regional powers vie to determine the future of in the war-torn country. In the near term, it is expected that Russian air power will “provide desperately needed air support and boost the morale of Syria’s battered […]
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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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Construction Titan, Saudi Bin Laden Group, Suspended from new Projects Following Review of Mecca Crane Collapse
- September 16,2015
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- SUSTG Team
Custodian of the Two Holy Mosques King Salman on Tuesday ordered that top officials of the Saudi Binladin Group be banned from traveling outside the kingdom after investigators pinned the blame partially on the construction company for Friday’s deadly crane crash in Makkah, Arab News reports. The company is also forbidden from taking on new […]
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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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Jadwa Investment September 2015 Chartbook: Saudi Government Slows Reserves Drawdown, Oil Affects Stock Market
- September 2,2015
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- SUSTG Team
Jadwa Investment’s September 2015 Saudi Chartbook, a detailed look at key economic performance data for the Kingdom’s economy, finds oil prices pushing downward on the Saudi stock market, but a slowdown to 10-month lows in the Government’s drawdown on assets. Jadwa Chief Economist Dr. Fahad Alturki, in a message to investors, noted four key findings in […]
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Boeing, Saudi Companies to Form New Joint Venture for Helicopter Service
- August 28,2015
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- SUSTG Team
Boeing and its Saudi partners are forming a maintenance, repair and overhaul company for commercial and military helicopters in Saudi Arabia, according to reports. Boeing has signed the agreement with Saudia Aerospace Engineering Industries (SAEI) and Alsalam Aircraft Company to create the Saudi Rotorcraft Support Center in the Kingdom of Saudi Arabia. The joint venture will have locations […]
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MUST-READS
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Saudi Aramco IPOU.S. Investors Will Have Chance to Buy Aramco Shares, Saudis Say
Saudi Energy Minister Khalid Al-Falih also said some investors have been slow to sign on to the reform plan proposed by Crown Prince Mohammed bin Salman because they are focused on dividends. “We are going to have to face that when we list Aramco and have a conversation about how much cash will be given to investors,” he said in a speech Saturday at the Massachusetts Institute of Technology.
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Saudi Nuclear EnergyU.S.’s Pass on Saudi Reactors Benefits China, Russia, Perry Says
Perry, testifying Thursday before the Senate Armed Services Committee, was asked about reports the U.S. is considering a nuclear technology-sharing agreement that wouldn’t prohibit the Saudis from enriching nuclear fuel into weapons-grade materials.
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AfricaSouth Sudan says U.S. oil sanctions will undermine search for peace
U.S. sanctions on 15 South Sudanese oil operators will work against efforts to restore peace and stability in the nation, the government said on Thursday.
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U.S.-Saudi RelationsTrump praises U.S. military sales to Saudi as he welcomes crown prince
U.S. President Donald Trump gave a warm welcome to Saudi Arabia’s powerful Crown Prince Mohammed bin Salman on Tuesday and credited U.S. defense sales to the Saudis with boosting American jobs, even as Riyadh’s involvement in Yemen’s civil war faced criticism.
- NPR.org - Trump Paid Royal Visit From Saudi Crown Prince
- Wall Street Journal (Paywall) - Trump Greets Visiting Saudi Prince With a Crowded Agenda
- Business Insider - Trump showed off Saudi Arabia's massive US military buys in giant charts — here's everything that's on them
- CNBC - Trump wants Saudi Arabia to buy more American-made weapons. Here are the ones the Saudis want
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U.S.-Saudi Economic TiesU.S.-Saudi Economic Ties: Why Saudi Arabia Matters
Although the U.S.-Saudi economic relationship is transitioning away from an exchange based on crude oil exports for U.S. dollars, there remain strong connections in energy markets.
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War in YemenU.S. Senate Becomes the Newest Front in Yemen’s War
Given the military stalemate on the ground in Yemen, it may be that the next meaningful battle in that war is about to be fought on the floor of the U.S. Senate.
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TurkeyOpinion: The U.S. Alliance With Turkey Is Worth Preserving
f the United States didn’t already face enough troubles in Syria, Turkish President Recep Tayyip Erdogan recently threatened American troops with an “Ottoman slap” if they interfered with Turkey’s military incursion into northwestern Syria.
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War in YemenSaudia Arabia’s Mohammed bin Salman Faces Tough Vote on U.S. Support of Saudi Military Operation in Yemen
The vote, which may come as early as Tuesday, could deliver an embarrassing rebuke to the 32-year old heir to the throne as he plans to meet President Donald Trump and other members of American political leadership.
- NBC News - Senators to force vote to redefine U.S. role in Yemen
- The Hill - Senate, Trump clash over Saudi Arabia
- CNN - Perspective: Donald Trump has a unique opportunity to help the Yemen crisis
- Washington Post - National Security Yemen is a humanitarian nightmare. But the U.S. is resisting calls to end its role in the war.
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U.S. NavyU.S. Evolving Middle East Operations of Carrier Strike Group
After more than three years of Navy and Marine aircraft striking ISIS from the sea, there are fewer targets in Iraq and Syria to go after. Now carrier-based pilots of the Theodore Roosevelt Carrier Strike Group/CSG-9 have more time to support U.S. and partner troops on the ground, as well as take on strike missions in Afghanistan to keep pressure on Taliban targets.
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Anti-ISIS CampaignTrump wants to get the U.S. out of Syria’s war, so he asked the Saudi king for $4 billion
The postwar goal is to prevent Syrian President Bashar al-Assad and his Russian and Iranian partners from claiming the areas, or the Islamic State from regrouping, while U.S. forces finish mopping up the militants.
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