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Historic Change Opens Up Saudi Arabia to Foreign Tourists, Relaxes Dress Restrictions
- September 27,2019
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- SUSTG Team
Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. Until today, visas were largely restricted to pilgrims, business travelers and expatriate workers, leaving much of Saudi Arabia – including 5 UNESCO World Heritage sites, […]
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Saudi Arabia’s Financial Sector Development Program Sees ‘Fair Level of Progress’, Report Says
- September 20,2019
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- SUSTG Team
A recently-released report from Jadwa Investment finds “a fair level of progress on most areas” in the Kingdom’s important Financial Sector Development program (FSDP), encouraging news for the diversification of Saudi Arabia’s economy and modernization of its financial sector. The FSDP, one of the Kingdom’s Vision 2030 ‘Vision Realization Programs’ (VRPs), aims to develop a diversified […]
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Saudi Arabia will Continue Efforts to Raise Oil Prices with Compliance on OPEC+ Production Cuts
- September 12,2019
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- SUSTG Team
Saudi Arabia’s new minister of energy Prince Abdulaziz bin Salman said the Kingdom would continue to overcomply voluntarily with oil output cuts agreed by the OPEC+ producer alliance, Reuters reports, as the Saudi Arabia hopes to push the price of oil higher. The comments from the new minister came after a meeting of ministers from […]
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Saudi energy ministry appoints new head of REPDO, the Kingdom’s renewables body
- September 6,2019
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- SUSTG Team
Saudi Arabia’s energy ministry has appointed a new head of its renewable energy project development office (REPDO) as the Kingdom pushes ahead with ambitious plans to integrate more renewable energy as part of its Vision 2030 economic and social reform plan. Faisal Al-Yemni, who was previously chief executive at GCC Assets Investment and Development Company and has […]
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Women in Saudi Arabia begin exercising new travel rights as reforms progress
- August 23,2019
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- SUSTG Team
Saudi women are beginning to exercise their new rights to travel without guardian approval as the Kingdom continues to enact progressive reforms as part of its Vision 2030 social and economic blueprint. This week’s announcement by the Departments of Passport and Civil Status that the organization has begun enforcing the amended Travel Documents Law and regulations […]
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Saudi Aramco Picks Advisors for Second Run at Initial Public Offering
- August 21,2019
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- SUSTG Team
Saudi Aramco has made first selections for financial partners in its rejuvenated attempt to file for an initial public offering (IPO), choosing Bermuda-based Lazard Ltd. and Moelis & Co. as advisors, people with knowledge of the matter told Bloomberg. “The boutique investment banks have started preparatory work on the offering, according to the people, who asked not to be […]
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U.S. Ambassador to Saudi Arabia Praises Kingdom’s Generosity and Hospitality during 2019 Hajj
- August 16,2019
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- SUSTG Team
US Ambassador to Saudi Arabia John Abizaid praised the Kingdom’s hospitality during this year’s Hajj season, noting Saudi Arabia’s generosity was “truly on display for the world to see.” “On behalf of the United States Mission to Saudi Arabia I would like to extend our best wishes to all Muslims in Saudi Arabia and around the world […]
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UAE’s Sheikh Mohamed bin Zayed Visits Jeddah, Mecca for Meetings with Top Officials
- August 13,2019
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- SUSTG Team
The Crown Prince of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, arrived in Jeddah today for talks with Saudi Arabia’s top leaders, according to reports. The Crown Prince was received at King Abdulaziz International Airport in Jeddah by Prince Khalid bin Salman bin Abdulaziz, Deputy Minister of Defense and former Saudi Ambassador to […]
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2019 C3 U.S.-Arab Healthcare and Business Summit Set for Monday, September 23rd at the Union League Club in New York
- August 6,2019
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- SUSTG Team
The 8th annual C3 U.S.-Arab Healthcare and Business Summit is set to take place on Monday, September 23rd, 2019 at the Union League Club in New York City. Organized in cooperation with the U.S. State Department and the U.S. Chamber of Commerce, this year’s event takes place under the banner, “Fortifying the Globalization of Healthcare and […]
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Jadwa Investment Sees Non-Oil Sector Growth in Saudi Arabia at 2.4% in 2019
- July 11,2019
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- SUSTG Team
A recent report issued by Jadwa Investment shows expected growth in the non-oil sector at 2.4 percent in 2019, compared to 1.7 percent in 2018, and forecasted 2020 non-oil sector growth at 2.7 percent. “Our economic forecast for the Kingdom has been revised down wholly on the account of developments related to the oil market…On the non-oil side, however, we see […]
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Kurds and TurksU.S.-backed SDF sees big risk of clash with Turkey in northwest Syria
The U.S.-backed Syrian Democratic Forces warned on Thursday of the prospect of fierce confrontation with the Turkish army in northwestern Syria if it attacks SDF areas, and said this would undermine the assault on Islamic State at Raqqa.
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Iran and the RegionIran Steps up Efforts to Oust U.S. Military from Middle East
With the Islamic State collapsing in Iraq and losing ground in Syria, Iran and its regional proxies see the United States as the primary threat to their influence and ambitions and have stepped up efforts to oust the U.S. military from the region.
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Trump Travel BanTrump Travel Ban Starting Thursday Evening U.S. Time, Source Says
Existing visas will be respected, but new applicants from the countries must prove a relationship with a parent, spouse, child, sibling or close in-law already in the U.S., the Associated Press reported, citing a diplomatic cable.
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CybersecurityMysterious Shadow Brokers group re-emerges to taunt U.S. intelligence
The day after a particularly virulent strain of ransomware burst across the globe, the mysterious Shadow Brokers group has re-emerged to taunt the U.S. National Security Agency.
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Global Opinion SurveyPoll shows U.S. tumbling in world’s regard under Trump
The international survey by the Pew Research Center found that favorable ratings of the United States have decreased from 64 percent of people across all countries surveyed at the end of Barack Obama’s presidency to 49 percent this spring. The new figures are similar to those toward the end of the George W. Bush administration.
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Oil SupplyA surge in U.S. shale output helps offset Saudi production cuts
An early glimpse of the turn in the oil markets came last August. Thanks to a recovery in the shale oil drilling business, the French company Vallourec started rehiring people it had let go at its Youngstown, Ohio, steel pipe factory.
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Arms ImportsSaudi Arabia top non-U.S. destination for Canadian arms exports
Saudi Arabia has regained its title as Canada's top non-U.S. destination for exporting military goods after having been narrowly bumped last year by the United Kingdom, according to a newly release federal report on arms sales.
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AviationEmirates Looking at Saudi Arabia to Make Up for Drop in U.S. Demand
Emirates, the Middle East's largest airline, is looking to the region's biggest economy, Saudi Arabia, to help make up for a drop in demand that has forced it to keep five aircraft grounded.
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AfghanistanTrump gives U.S. military authority to set Afghan troop levels: U.S. official
Defense Secretary James Mattis on Tuesday promised to deliver a new military strategy for Afghanistan to lawmakers by mid-July, a timeline months behind what some members of Congress had anticipated.
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Oil ExportsSaudi Arabia To Slash U.S. Oil Exports, But Will It Be Enough?
Oil exports to the US are expected to drop below 1 million b/d in June, then fall to 850k b/d in July and 750k b/d in August.
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