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$6.9 billion in Tourist Projects Approved under Saudi NTP
- August 2,2016
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- SUSTG Team
Saudi Arabia approved more than SR26 billion ($6.9 billion) of tourism projects under the Kingdom’s National Transformation Program (NTP) on Sunday, according to reports. The funding will go to existing development projects in the pipeline as well as new efforts to preserve Saudi Arabia’s heritage sites, of which many are seen as underdeveloped and inadequately protected. Previously, […]
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11 Saudi Citizens Including 7 Soldiers Die on Border with Yemen ahead of Next Round of Peace Talks
- August 1,2016
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- SUSTG Team
Four people were killed and three wounded in Saudi Arabia when a shell fired from inside Yemen exploded in a town close to the border, Saudi Civil Defense said on Monday. The announcement followed news that seven Saudi soldiers and dozens of Houthi fighters were killed in heavy fighting on the border with Yemen on […]
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Fahad Nazer: ‘What I learned from attending a round table with the Foreign Minister of Saudi Arabia’
- July 29,2016
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- SUSTG Team
Last month, Foreign Minister Adel Al-Jubeir hosted a private round table discussion at the Embassy of Saudi Arabia in Washington with a very small group of Washington-based political analysts and Middle East scholars. Fahad Nazer, Senior Political Analyst at JTG Inc., shared his reaction from the meeting on JTG’s blog. “In this small, less formal setting, […]
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Reuters Poll: Non-Oil Business Activity Slows in Gulf as Governments Tighten Spending
- July 28,2016
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- SUSTG Team
A recently released Reuters poll of economists finds that non-oil business activity is slowing in the Gulf because of government austerity measures, causing some to revise their economic forecasts down for the region. In 2015, growth in the GCC “began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil,” […]
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Aramco Names Ibrahim Al Buainain as Chief Executive of Its Trading Arm
- July 27,2016
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- SUSTG Team
Saudi Aramco has named Ibrahim Al-Buainain as chief executive of its trading arm, the company said on Tuesday, as Al-Buainain’s star continues to rise within the ranks of the energy giant. Ibrahim Al-Buainain’s promotion to CEO of Saudi Aramco Trading takes effect this month. In November 2014, Aramco named Al Buainain as head of Saudi […]
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Flare Up on Saudi Border with Yemen as Saudi Shoots Down Missile
- July 25,2016
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- SUSTG Team
The Saudi-led military coalition said Sunday that it shot down a ballistic missile fired at the Kingdom from Yemen, according to reports. The missile targeting the southern city of Najran was intercepted at 9:30 a.m. Saturday, a statement carried on the official Saudi Press Agency says. On the same day, Saudi-led airstrikes hit hideouts of the […]
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U.S. Warns Of ‘Potential, Imminent Threat’ Against Americans In Jeddah
- July 22,2016
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- SUSTG Team
The U.S. Embassy in Saudi Arabia posted a notice to its website yesterday warning of “potential, imminent threat against U.S. citizens in areas of Jeddah frequented by Westerners, such as markets, restaurants, and shopping malls, among others.” State Department spokesman John Kirby told reporters in Washington that the notice is “a security message, not a […]
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Deputy Crown Prince Mohammed bin Salman Back in U.S. for Defense, Anti-ISIS Talks
- July 21,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman arrived in the United States for a second time in as many months this week for a defense ministerial meeting of nations involved in the effort to counter the self-described ISIS in Iraq and Syria, held at Joint Base Andrews, Maryland. Coalition partners taking part in the meeting “are looking for […]
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Pokemon GO Banned in Saudi Arabia; 3 Arrested at Jeddah Airport – Report
- July 20,2016
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- Lucien Zeigler
Pokemon GO, the viral video game phenomenon that has taken the U.S. and other markets around the world by storm, has been banned in Saudi Arabia, according to a report in the Evening Standard which cited the Arabic-language newspaper Almowaten. Pokemon GO is a game available on smartphones that allows users to catch different characters […]
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New Saudi Fund Created by Apicorp and Bahri Seeks to Create Biggest Tanker Fleet
- July 19,2016
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- SUSTG Team
A venture between Arab Petroleum Investment Corporation (Apicorp) and National Shipping Co. of Saudi Arabia (Bahri) “will create the world’s largest fleet of oil tankers and support the kingdom’s plan to boost crude exports,” according to a report in Bloomberg, which cited comments from Dr. Khalid al-Falih. The venture will create a $1.5 billion fund […]
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MUST-READS
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The Role of the Middle East in the US-China Race to AI Supremacy
Artificial intelligence (AI) is a pivotal catalyst for global innovation, with the United States at the forefront of the development of this transformative technology amid its ongoing great power rivalry with China. However, a notable concern has emerged: the absence of an explicit conception of AI supremacy that threatens to undermine the US' long-term AI strategy. The notion of AI supremacy traditionally has been difficult to define, paralleling disputes about whether competition over AI is a “race.” This report thus aims to accomplish two objectives: first, to define AI supremacy and anchor this concept in the realities of the AI competition thus far; and second, to revise the US' AI strategy in accordance with a more comprehensive understanding of AI supremacy.
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Iran weighs intervention as Syrian civil war returns to spotlight
The Syrian city of Aleppo has fallen to Sunni militants for the first time since 2016 after a lighting offensive. Iran has reacted by moving to rally support for Syria’s President Bashar Al-Assad. Foreign Minister Abbas Araghchi is currently on a regional tour of Damascus and Ankara. At the same time, Iran does not seem to be in a rush to significantly expand its direct military presence—possibly to remind Assad that he owes his rule to Tehran’s intervention a decade ago.
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Why Trump II may be different for Iran, Iraq
Donald Trump’s first term as president of the United States (2017–21) posed significant challenges for both Iran and Iraq, bringing economic strain, political pressure, and security issues that affected both nations. His policies widened the gap between Iran and various Arab states—nations that Iraq had continuously sought to bring together to foster peace and regional cooperation. Ahead of Trump’s return to the White House, one pressing question now is: what will his second term mean for Iran, Iraq, and Arab-Iranian engagement?
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Trump picks Massad Boulos to serve as adviser on Arab, Middle Eastern affairs
U.S. President-elect Donald Trump on Sunday said Lebanese American businessman Massad Boulos would serve as senior adviser on Arab and Middle Eastern affairs. Trump made the announcement on Truth Social. Boulos, the father-in-law of Trump's daughter Tiffany, met repeatedly with Arab American and Muslim leaders during the election campaign. It was the second time in recent days that Trump chose the father-in-law of one of his children to serve in his administration. On Saturday, Trump said that he had picked his son-in-law Jared Kushner's father, real estate mogul Charles Kushner, to serve as U.S. ambassador to France.
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At least 25 killed as Russian, Syrian jets intensify bombing of Syrian rebel territory
At least 25 people were killed in northwestern Syria in air strikes carried out by the Syrian government and Russia, the Syrian opposition-run rescue service known as the White Helmets said early on Monday. Russian and Syrian jets struck the rebel-held city of Idlib in northern Syria on Sunday, military sources said, as President Bashar al-Assad vowed to crush insurgents who had swept into the city of Aleppo.
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EU and GCC officials aim to resume FTA negotiations
European and Gulf officials are holding “informal” efforts to “revive” and even “upgrade” negotiations over a free trade agreement between the two blocks. Efforts towards such an agreement are three and a half decades in the making, Luigi Di Maio, the EU’s special envoy to the Gulf has said. “I have to say it’s a very bad symbol of our relationship because unfortunately these trade negotiations have been stuck for 35 years,” Di Maio added. “There are officials in the [Directorate General] Trade in Brussels that are younger than these negotiations. There are also many officials in the ministries of trade in the GCC states that are younger than these negotiations.” Di Maio was speaking at a virtual event hosted by the Arab Gulf States Institute in Washington DC while on a trip to Doha, where he inaugurated the EU-GCC business forum.
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President Sheikh Mohamed receives Saudi Crown Prince on UAE visit
President Sheikh Mohamed welcomed Saudi Crown Prince Mohammed bin Salman to the UAE as part of a visit on Sunday. Sheikh Mohamed and the Prince Mohammed held talks on the solid relations between the two countries during their meeting at Al Rawda Palace in Al Ain, followed by a dinner in the Crown Prince's honour. Sheikh Mohamed sent his greetings to Saudi King Salman and his wishes for continued progress and prosperity for the country.
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Desertification talks open in Saudi Arabia as experts fire warning
UN Secretary-General Antonio Guterres has called it a "moonshot moment": a 12-day meeting for the United Nations Convention to Combat Desertification (UNCCD), looking to protect and restore land and respond to drought amid the onslaught of climate change. The last such meeting, or "Conference of the Parties" (COP) to the convention, held in Ivory Coast in 2022, produced a commitment to "accelerating the restoration of one billion hectares of degraded land by 2030". But the UNCCD, which brings together 196 countries and the European Union, now says 1.5 billion hectares (3.7 billion acres) must be restored by decade's end to combat crises including escalating droughts.
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Saudi Arabia may slash January crude prices for Asia
Top oil exporter Saudi Arabia is expected to slash crude prices for Asian buyers in January to the lowest in years, largely tracking a slump in Middle East benchmark prices last month, traders said on Monday. The January official selling price (OSP) for flagship Arab Light may fall by 70 to 90 cents a barrel from December to at least a four-year low, six sources at Asian refineries said in a Reuters survey.
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COP16 to Begin in Saudi Arabia as World Seeks Urgent Solutions to Land Degradation, Desertification and Drought
The largest-ever meeting of the United Nations Convention to Combat Desertification (UNCCD) is set to kick-off in Riyadh, with an action-packed agenda to drive multilateral action on land degradation, drought and desertification. Dignitaries, policymakers, global institutions, businesses, NGOs and key stakeholders are arriving in Saudi Arabia's capital ahead of a critical conference to accelerate global land restoration and drought resilience initiatives.
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