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Saudi Arabia’s Economy Expanded 11.8% in the Second Quarter; Non-Oil PMI Rises to 8-Month High — Jadwa Investment
- August 2,2022
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- SUSTG Team
Saudi Arabia’s economy expanded 11.8% in the second quarter of 2022, Bloomberg reports, maintaining the fastest pace of growth since 2011 as oil prices boost the Kingdom’s economy. Beyond oil, however, Saudi Arabia is seeing positive signs in the non-oil economy as the Kingdom continues apace with economic reforms as part of the Kingdom’s Vision 2030.
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A Special Edition of The 966: Reviewing President Biden’s Visit to Saudi Arabia with Jon Alterman, David Des Roches, and Hussein Ibish
- July 19,2022
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- SUSTG Team
A very special edition of The 966 for Episode 53: The 966 has lined up three experts to discuss their reactions to President Biden’s visit to Israel and Saudi Arabia and a renewed U.S. focus on the Middle East region. Hussein Ibish, columnist for Bloomberg, Dr. Jon Alterman from the Center for Strategic and International […]
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Saudi Arabia’s Ports Cargo Volume Jumps in June
- July 13,2022
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- SUSTG Team
Saudi Arabia’s ports witnessed a 16.1 percent increase in cargo throughput volumes in June 2022 compared to the same period a year before, according to a report in Arab News, citing the latest release by the Saudi Ports Authority, also known as Mawani.
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Saudi Crown Prince Mohammed bin Salman Heads to Turkey after Visiting Jordan, Egypt
- June 22,2022
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman landed in Turkey for the first time in several years on Wednesday for talks with President Erdogan, after visiting neighboring Egypt and Jordan as part of a regional tour, Reuters reports.
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Leaked Image Appears to Show Lucid Motors First Saudi Showroom in Riyadh
- June 13,2022
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- SUSTG Team
U.S.-based Lucid Motors appears poised to open its first showroom in Riyadh, a photo published on an EV-focused news site confirms.
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Saudi Arabia is ‘Experiencing a Housing and Mortgage Boom’ as Vision 2030 Reform Efforts Drive Progress
- June 1,2022
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- SUSTG Team
Saudi Arabia is “experiencing a housing and mortgage boom, reflecting a government drive to boost home ownership as part of efforts to shake up the oil kingdom’s economy and its ultraconservative society,” the Financial Times reports.
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Report: Kingdom to Use Some Oil Windfall on Boosting Private Sector
- May 23,2022
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- SUSTG Team
Saudi Arabia’s minister of economy and planning Faisal Alibrahim said the Kingdom will use this year’s oil windfall to accelerate the economy’s diversification from fossil fuels, Bloomberg reports.
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Saudi Arabia’s tourism sector, carbon capture investments, and a conversation on Saudi-Iraqi history with Joshua Yaphe
- May 13,2022
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- SUSTG Team
In episode 43, the U.S. State Department’s Joshua Yaphe joins The 966 to discuss his book, “Saudi Arabia and Iraq as Friends and Enemies: Borders, Tribes and a Shared History.” Yaphe is a foreign affairs officer with the U.S. Department of State; responsible for research and analysis of political, economic, security and social affairs related […]
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Report: Saudi to Add Over $10b in Mining, Mineral Opportunities
- May 5,2022
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- SUSTG Team
Saudi Arabia is planning to offer several projects to the private sector to tap its massive mineral wealth with a value of more than 40 billion Saudi riyals ($10.6 billion), Zawya reports, citing a local newspaper.
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Saudi Stock Market Continues Hot Streak, is Sixth Strongest Globally in 2022
- April 19,2022
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- SUSTG Team
Saudi Arabia’s benchmark index, the Tadawul All Share Index (TASI), is the sixth best performing globally “and gains may not be over yet,” analysts and fund managers believe, according to Bloomberg.
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MUST-READS
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War in YemenWith Saudi Blockade Threatening Famine in Yemen, U.S. Points Finger at Iran
The White House is pressing to declassify intelligence allegedly linking Iran to short-range ballistic missile attacks by Yemeni insurgents against Saudi Arabia, part of a public relations blitz aimed at persuading America’s U.N. counterparts that Tehran is helping to fuel the country’s conflict.
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Saudi Yemen BlockadeU.S. Agency Foresees Severe Famine in Yemen Under Saudi Blockade
The food-crisis forecasting agency created by the United States has added its voice to warnings of imminent and widespread famine in Yemen because of the Saudi-led blockade, now more than two weeks old.
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Saudi Travel WarningU.S. warns citizens against risks of travel to Saudi Arabia
The U.S. State Department on Tuesday warned citizens to “consider the risks” when traveling to Saudi Arabia due to militant threats and the threat of ballistic missile attacks on civilians by rebels in Yemen.
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AfghanistanThe U.S. begins bombing Taliban drug labs as Trump’s Afghanistan strategy takes hold
U.S. and Afghan forces have launched a series of attacks on narcotics laboratories in southern Afghanistan, marking the start of what could become a long, expanded air war there under President Trump.
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Middle East PeacePalestinians Threaten To Suspend Talks If U.S. Closes PLO Mission
The State Department says the office of the Palestine Liberation Organization must close under a little-known provision in U.S. law that forbids it from requesting Israelis be prosecuted for crimes against Palestinians. Trump may reverse the closure within 90 days if the Palestinians prove they are engaging in peace negotiations with the Israelis.
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Nuclear OrderU.S. Military Chief Says He Would Reject ‘Illegal’ Trump Nuclear Strike Order
“I think some people think we’re stupid,” Hyten said in response to a question about such a scenario. “We’re not stupid people. We think about these things a lot. When you have this responsibility, how do you not think about it?”
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U.S.-Saudi RelationsU.S. Seeks to Bolster Saudi Arabia in Face of Expanding Iranian Threat
The Trump administration is pushing for a quick resolution to the political stalemate in Lebanon so the U.S. and Saudi Arabia can focus on what Washington sees as the most significant regional threat: Iran’s supply of sophisticated weapons to its Middle East allies, including Hezbollah.
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Corruption CrackdownU.S. monitoring Saudi situation amid post-purge wealth deals: U.S. Treasury chief
The United States is closely watching the situation in Saudi Arabia amid reported asset agreements between Saudi authorities and some detainees in an anti-corruption crackdown, U.S. Treasury Secretary Steven Mnuchin said on Friday.
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Yemen Civil WarHouse declares U.S. military role in Yemen’s civil war unauthorized
The nonbinding resolution adopted 366-30, does not call for a halt to the American support but publicly acknowledges the Pentagon has been sharing targeting information and refueling warplanes that Saudi Arabia and other allies are using to attack Houthi rebels in a conflict that is widely considered a proxy war with Iran — and a humanitarian disaster.
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Saudi Oil PolicySaudi Retreat From U.S. Oil Market Cuts Exports to 30-Year Low
Since July, Aramco has constricted supply, attempting to drain the crude storage tanks at Motiva -- and many others across America -- part of a plan to lift oil prices, even at the cost of sacrificing its once prized U.S. market. While Motiva is most affected, the rest of the U.S. oil refining system, from El Segundo in California to Lake Lake Charles in Louisiana, has also taken a hit. The result: Saudi crude exports into America fell to a 30-year low last month.
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