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State Department Readout of Secretary Kerry’s Dinner with Deputy Crown Prince Mohammed bin Salman
- June 15,2016
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- SUSTG Team
Secretary Kerry hosted Deputy Crown Prince Mohammed bin Salman on June 13 for an iftar dinner in recognition of the Deputy Crown Prince’s visit to the United States. “The two reviewed the strong and enduring relationship between the United States and Saudi Arabia and discussed a broad range of regional issues, including Yemen, Syria, Libya, […]
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King Salman, Deputy Crown Prince Mohammed Announce Inclusion of More Than 2,600 U.S. Students Into Scholarship Program on Arrival in Washington
- June 15,2016
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- Lucien Zeigler
Deputy Crown Prince Mohammed bin Salman used the occasion of his arrival to the United States this week to include an additional 2,600 Saudi students into the Custodian of the Two Holy Mosques Scholarship program, the visionary educational initiative created by the late King Abdullah that enables young Saudis to receive education and experiences abroad. […]
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Saudi’s New Minister of Commerce and Investment Dr. Majed Al-Qasabi to Meet with Business Leaders at U.S. Chamber of Commerce Today
- June 14,2016
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- Lucien Zeigler
Saudi Arabia’s New Minister of Commerce and Investment, Dr. Majed bin Abdullah Al-Qasabi, will meet with business and private sector leaders today at the U.S. Chamber of Commerce in Washington, D.C. The private roundtable discussion is part of the U.S.-Saudi CEO Summit initiative which is a partnership between the U.S. Chamber of Commerce and the […]
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Deputy Crown Prince Mohammed Bin Salman Arrives in Washington to Busy Schedule
- June 13,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman lands in Washington, D.C. today with a tightly packed agenda planned for his 4-day visit in the nation’s capital. The Deputy Crown Prince who is also Minister of Defense and head of the powerful Council on Economic and Development Affairs (CEDA) will meet with U.S. Secretary of State, John Kerry, […]
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Dispute Between U.N.’s Ban Ki Moon, Saudi Arabia Spills into the Public
- June 10,2016
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- SUSTG Team
UN chief Ban Ki-moon said in public comments on Thursday that Saudi Arabia had exerted “unacceptable” pressure on the world body after a U.N. report blacklisted a Saudi-led military coalition for killing children in Yemen, according to reports. Moon said financing for humanitarian operations in the Palestinian territories, South Sudan and Syria would be compromised if […]
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Saudi Arabia Scales Back Renewable Energy Targets, Eyes Natural Gas to Fuel Economy
- June 9,2016
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- Lucien Zeigler
Saudi Arabia is seeking to scale back previous plans to develop large-scale renewable energy resources and is instead opting to rely more heavily on natural gas to meet demand, according to Bloomberg’s Anthony DiPaola and other reports. “We know that Saudi Arabia has been looking for natural gas supplies for a number of years now,” […]
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As Vision 2030 Details are Rolled Out, International Banks and Others Look for Opportunities
- June 8,2016
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- Lucien Zeigler
International banks are jockeying for a role in Saudi Arabia’s plans to list part of state-owned Saudi Aramco for an Initial Public Offering (IPO), according to a report in Reuters. Financiers around the world are keen to cash in on a cornerstone of the recently-announced “Vision 2030” economic and social plan, with banks preparing for […]
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Saudi Arabia’s National Transformation Program Released
- June 7,2016
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- Lucien Zeigler and Richard Wilson
Saudi Arabia has unveiled its long-awaited National Transformation Program (NTP), a 112-page document outlining Saudi Arabia’s strategic objectives in achieving its previously-announced “Vision 2030” initiative as well as identifying the challenges faced by government bodies in the economic and development sectors. “The National Transformation Program is one of the executive programs supporting Vision 2030. The program […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman to Visit Washington Mid-June
- June 6,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman will visit Washington, D.C. and other cities in the U.S. in June, as the influential Saudi official plans to discuss both foreign policy and economics, according to sources cited by several news outlets. Because Prince Mohammed is both Minister of Defense and President of the key Council […]
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Uber Scores the Largest Single Investment Ever Made in a Private Company from Saudi Arabia’s Public Investment Fund; Snags $3.5b
- June 2,2016
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- SUSTG Team
In what is being called the largest single cash investment ever made into a private company, Saudi Arabia’s Public Investment Fund (PIF) has invested $3.5 billion for 5% of the on-demand car service Uber. The investment is the first of likely many more investments into technology as Saudi Arabia looks to act on its ‘Vision 2030’ […]
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MUST-READS
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How Saudi Arabia’s environmental leadership can help restart its economy
The challenge seems daunting. One finding estimates that between 1990 to 2019, droughts affected more than 44 million people in our region, and natural disasters did almost $20 billion of damage to regional economies. Unchecked, these numbers will get worse. Just like pandemics, climate disasters do not respect national borders.
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Saudi startup puts drone’s limitless abilities in our hands
"Right now we are competing mainly with manual inspection, by that I mean two guys with a truck going up a crane and looking at something and deciding whether it needs to be fixed or not," Nasraldeen said, "by the time you do manual inspection for one spot for instance, we can do 50 with a drone."
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Oil companies start to take back crude from U.S. emergency reserve
Energy companies have begun taking back millions of barrels of oil from the U.S. government’s emergency stockpile after renting storage in the facility to help manage a glut of crude this spring after energy demand collapsed during COVID-19 lockdowns, a Department of Energy website showed on Monday.
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State Department says Pompeo cleared in emergency Saudi arms sale
A final report signed by the acting inspector general found that Secretary of State Mike Pompeo did not violate the law when he declared a state of emergency to bypass congressional refusal to approve an $8 billion arms sale to Saudi Arabia, the State Department said Monday. Describing an ongoing congressional investigation of Pompeo’s action as an “inquisition,” a department statement called for lawmakers to “publicly accept the findings of the report . . . and immediately retract” statements labeling it illegal.
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Saudi Arabia approves policy on Artificial Intelligence, expects $133b windfall by 2030
It was in August last year that the Saudi Data and Artificial Intelligence Authority (SDAIA) was set up by a Royal Decree. The entity oversees the National Data Management Office, the National Information Center, and the National Center for Artificial Intelligence.
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Brian Hook, the State Department’s point man on Iran policy, is stepping down
Brian Hook, the State Department’s point man on Iran policy, is stepping down on the eve of an administration effort to persuade an unwilling U.N. Security Council to extend the expiring conventional weapons ban on Tehran. In a statement announcing his departure, Secretary of State Mike Pompeo described it as Hook’s decision. He did not offer a reason, but praised Hook for achieving “historic results countering the Iran regime.“ “Following a transition period,” Pompeo said, the Iran portfolio would be taken over by Elliot Abrams, the administration’s special envoy for Venezuela, who would hold both jobs.
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Poll: About three quarters support bringing troops home from Iraq, Afghanistan
About three-quarters of U.S. adults say they support bringing U.S. troops home from Iraq and Afghanistan in a new poll commissioned by the libertarian Charles Koch Institute obtained exclusively by The Hill. In the poll, which surveyed 2,000 U.S. adults, 44 percent said they strongly support bringing U.S. troops home from Iraq and 30 percent said they somewhat support doing so.
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A $433 Billion Missed Opportunity Haunts Canada’s Oil Heartland
Back in 1976, Alberta’s government established a special fund to save some of its oil and gas revenue for leaner times when prices dropped or resources ran dry. For decades, royalties poured into Alberta’s coffers, with the gusher accelerating in the boom of the early 2000s as the province developed its vast oil-sands reserves, the world’s third-largest oil resource. But successive governments failed to stick to the savings plan. Today, as weak oil prices upend economies around the world, Alberta is confronting its own painful regrets. Had it set aside more during oil’s boom, Alberta could have had a C$575 billion ($433 billion) wealth fund to cushion the blows of Covid-19, according to one economist’s estimates.
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Native American stone tool technology unearthed in Yemen, Oman
Archaeologists recently discovered 8,000-year-old stone fluted points on the Arabian Peninsula, the same technology developed by Native Americans 13,000 years ago, according to a study published Wednesday in the journal PLOS One. When the stone tools were first unearthed, researchers suspected there was something familiar about them. Scientists took note of the flute-like grooves texturing the sides of the stone points.
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UAE Taps Space Diplomacy for Earthly Benefits
The global space industry is currently valued at about US$350 billion and expected to inch towards US$1 trillion by 2040, with private sector involvement. Further, with a market value of US$30 billion, about 6,000 small satellites may be launched globally by 2030. To tap this investment, research and collaboration potential, the UAE passed a federal law on regulation of the space sector in 2018.
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