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President Obama to Veto JASTA Bill
- September 13,2016
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- SUSTG Team
White House Press Secretary Josh Earnest said on Monday that U.S. President Barack Obama will veto the controversial Justice Against Sponsors of Terrorism Act (JASTA) passed by congress last week, setting up a showdown with Congress. Earnest reiterated the White House’s fear that the measure would expose U.S. citizens to legal action overseas if foreign countries pass […]
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Security Tight as Millions Perform Hajj in Saudi Arabia; Eid al-Adha Begins Today
- September 12,2016
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- SUSTG Team
Saudi Arabia has invested heavily in added safety and security measures as the Kingdom hosts this year’s estimated 1.85 million Hajj pilgrims. Photos from the official Saudi Press Agency (SPA) show Saudi civil defense forces and medical personnel on standby ready to ensure a safe and peaceful Hajj. Temperatures throughout the week topped 100°F (28°C), making […]
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Hajj 2016 Begins: Millions Gather in Saudi Arabia
- September 9,2016
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- SUSTG Team
An estimated two million pilgrims have converged in Saudi Arabia for the start of the annual Hajj pilgrimage today, lasting until Wednesday, September 13th. The hajj is one of the five pillars of Islam, which capable Muslims must perform at least once, marking the spiritual peak of their lives. Worshippers from more than 150 countries will embark on […]
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Report: $20 Billion in Projects may be Canceled; Ministerial Budgets Squeezed as Saudis Adapt to Low Oil Prices
- September 7,2016
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- SUSTG Team
A report in Bloomberg today said that Saudi Arabia is considering canceling more than $20 billion of projects in addition to making deep cuts to ministry budgets as the Kingdom takes austerity measures due to low oil prices. The budget cuts to some ministries could be as much as 25%, the Bloomberg report said. Overall, the government is […]
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Saudi, Russia Sign Oil Cooperation Agreement
- September 6,2016
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- SUSTG Team
Saudi Arabia and Russia signed an agreement on Monday to cooperate in world oil markets – but the cooperation does not include an immediate cut in production that some other oil producing nations want. The agreement was struck between top Saudi and Russian officials currently at the G20 summit in the Chinese city of Hangzhou. Saudi Energy Minister […]
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Jadwa: Economic Data for July Shows ‘Mixed Picture’ for Saudi Economy
- September 2,2016
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- SUSTG Team
Recently-released Jadwa Investment monthly chartbook data on the Saudi economy for July showed “a mixed picture in economic activity,” the Riyadh-based investment firm said, noting that data on point-of-sale transactions and ATM withdrawals showed a notable slowdown in July, while the non-oil PMI rose to a 2016 high. The Saudi unemployment rate rose slightly to 11.6 […]
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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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Deputy Crown Prince Mohammed bin Salman Arrives in China, Meets with Top Chinese Officials to Discuss ‘Vision 2030’
- August 30,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and a delegation including top ministers and other officials are in China this week for talks aimed at pushing the Kingdom’s Vision 2030 broad economic reforms. The visit to global economic powerhouse China, like the Deputy Crown Prince’s visit to the United States in June, hopes to “showcase […]
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Coca-Cola Becomes Official Sponsor of Saudi Arabian Football Federation
- August 30,2016
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- SUSTG Team
Coca-Cola has become the official sponsor of the Saudi Arabian Football Federation (SAFF). SAFF is Saudi Arabia’s football governing body and it administers all Saudi club competitions as well as the development of the Saudi national team. The agreement with Coca-Cola includes full support of the Saudi national team as well as the three main […]
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$20 Billion Dow-Saudi Aramco Venture Takes Another Step
- August 29,2016
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- SUSTG Team
Sadara, a joint-venture between Dow Chemical Company and Saudi Aramco has started its mixed feed cracker, the only one of its kind in the Middle East and one of 26 manufacturing units that will be part of the Sadara chemical complex. Located in Jubail Industrial City along the Gulf coast of Saudi Arabia, Sadara was […]
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U.S. Special Envoy Lenderking’s Travel to Oman and Saudi Arabia
In Oman and Saudi Arabia, Special Envoy Lenderking met with counterparts to discuss the need to stop Houthi attacks in the Red Sea. These attacks continue to endanger the lives of civilian mariners, harm economies in the region and raise barriers to the delivery of critical humanitarian assistance to Yemenis and those in need across the region. The Special Envoy emphasized steps to counter Houthi attacks, including identifying and interdicting illicit goods and weapons from Iran and deterring Houthi cooperation with malign regional and international actors.
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US court grants ‘first of its kind’ compensation to Abu Ghraib victims
A US court has ordered an American military contractor to pay 42M USD in compensation to three Iraqi detainees tortured at the infamous Abu Ghraib prison in 2003-4. The long-running and widely covered case detailed severe physical and psychological abuse against the plaintiffs. Coming after a 16-year legal battle, observers are divided over whether the verdict will lead to broader accountability for abuses carried out by the US military and its allies.
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Israel and Lebanon’s Hezbollah start a ceasefire after nearly 14 months of fighting
The ceasefire calls for an initial two-month halt to fighting and requires Hezbollah to end its armed presence in southern Lebanon, while Israeli troops are to return to their side of the border. Thousands of additional Lebanese troopsand U.N. peacekeepers would deploy in the south, and an international panel headed by the United States would monitor compliance. The ceasefire began at 4 a.m. Wednesday, a day after Israel carried out its most intense wave of airstrikes in Beirut since the start of the conflict that in recent weeks turned into all-out war. At least 42 people were killed in strikes across the country, according to local authorities. The ceasefire does not address the devastating war in Gaza, where Hamas is still holding dozens of hostages and the conflict is more intractable.
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Arwa Damon: Gaza’s Wounds
I am Syrian-American. I grew up in a very cross-cultural household, I always like to say our breakfast being both labneh and zaatar and blueberry pancakes. I felt as if I needed to go into journalism to try to explain people to each other. I ended up in Iraq, and I basically almost never left covering conflict, or humanitarian crises, or just people. The dynamics of the wars themselves are always very different. The mechanics of the war are always very different. But there are these core similarities that transcend the borders and the regions from Afghanistan to Iraq to Sudan, to you name it, and that is the way that war and violence and loss and pain scars a person—scars a child.
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Ceasefire in place, Biden signals optimism for broader Middle East peace
Biden said the military diminishment of Hezbollah will put pressure on Hamas to return Israeli hostages, and to reach their own ceasefire agreement with Israel—potentially opening the door for a long-term peace and a Palestinian State. Capitulation by Hamas, which the White House says is more likely without military support from Hezbollah, would “bring an end to the fighting, which would make possible a surge of humanitarian relief. Over the coming days, the United States will make another push for Turkey, Egypt, Qatar, Israel, and others to achieve a ceasefire in Gaza, for the hostage release, and the end of the war without Hamas in power.”
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Could Riyadh Air’s brand help Saudi Arabia take off?
A strong national brand can be used as the basis for attracting inward investment, talented foreign workers and international tourists. Countries such as the US and the UK have long relied on established branding strategies, while others such as South Korea and Japan have launched initiatives such as ”Hallyu” (the Korean Wave) and ”Cool Japan” to global acclaim. As Qatar Airways and Emirates demonstrate, regional airlines have an outsize role to play in nation-branding. A lot is therefore riding on the soon-to-be-launched Saudi carrier Riyadh Air and its brand. Sports will be a major component of Riyadh Air’s proposition. The airline has signed shirt sponsorship and stadium naming rights deals with Spain’s Atletico Madrid. This initial branding effort signals a desire to compete directly with Emirates’ Real Madrid partnership, showcasing a bold and disruptive positioning.
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History To Be Made With Record Number Of Saudi Players Competing At Pif Saudi International
Othman Almulla, Faisal Salhab, Saud Al Sharif, Khalid Walid Attieh and Shergo Al Kurdi will take part in the competition, marking a groundbreaking moment for Saudi golf on a global stage. Almulla, Saudi Arabia’s first professional golfer, has paved the way for the games growth in the Kingdom and remains a key ambassador for the sport. Before turning professional in 2019, he became the first Saudi golfer to win the Qatar Open and qualify for two professional events, the 2007 Dubai Desert Classic and the 2008 Qatar Masters. This record-breaking participation highlights the growing strength of Saudi golfers, who will be competing alongside global superstars such as Bubba Watson, Sergio Garcia, Dustin Johnson, Tyrrell Hatton, Charl Schwartzel and Louis Oosthuizen, reflecting one of Saudi Arabia’s Vision 2030 goals, which aims to establish the Kingdom as a global golf destination.
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Perspective: Is Saudi Arabia’s Opening Like China’s? Yes and No
Foreign fund managers have likened Saudi Arabia’s 2016 opening to China’s. I don’t think that’s quite fair, because Saudi is already a developed country in terms of infrastructure. Its roads are well-built and its malls are full of American chain stores – nothing like the 1980s China I knew. What we saw was an open, friendly nation that welcomed visitors. We blended in as well as any foreigners would in Abu Dhabi or Dubai, and we didn’t spot the much-feared religious police. In Medina, we accidentally roamed into the courtyard of the Prophet’s Mosque, not knowing that it was for Muslims only. When a policeman asked us to leave, his tone was apologetic.
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Joy Awards: MENA’s biggest awards show set to return to Saudi Arabia’s Riyadh
Saudi Arabia’s General Entertainment Authority (GEA) announced on Tuesday the return of Joy Awards for its highly anticipated fifth edition with nominations for all categories now open. The region’s largest celebrity awards show – part of Riyadh Season and co-organized by MBC Group – will take place on January 18, 2025. The award show recognizes and honors the GCC and wider Arab world’s best artists and their achievements. Spanning cinema, television, music, sports, and digital influence, the ceremony serves as a premier platform for entertainment excellence, honoring the exceptional talent that drives cultural vibrancy and standout creativity throughout the Middle East and North Africa (MENA) region.
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Huge deal struck but is it enough? 5 takeaways from a dramatic COP29
COP29 is over, with developing countries complaining that the $300bn (about £240bn) a year in climate finance they will receive by 2035 is a "paltry sum". Many of the rich country voices at the UN's climate conference were amazed that developing nations were unhappy with what on the surface seems a huge settlement. It is an improvement - on the current contribution of $100bn (£79.8bn) a year. However, the developing world, which had pushed for more, had many genuine issues with the final sum. Ultimately, the developing world was compelled to accept it, with many rich countries pointing to next year's arrival of President Donald Trump, a known climate sceptic, and arguing that they would not get a better deal.
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