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King Salman Arrives in Turkey after Egypt visit, Awarded Highest State Medal by Erdogan in Ankara
- April 12,2016
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- SUSTG Team
Following a 5-day trip to Egypt, Saudi Arabia’s King Salman visited Turkey, a key ally in the struggle to defeat the self-described ISIS in neighboring Syria and Iraq. King Salman met today with Recep Tayyip Erdoğan and will stay in Ankara until Wednesday, and then will travel to Istanbul for the 13th annual meeting with the Organization of […]
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What to Know About the CBS 60 Minutes on Redacted 28 Pages in House/Senate 9/11 Report
- April 11,2016
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- Lucien Zeigler and Richard Wilson
Last night’s report by CBS’s 60 Minutes with correspondent Steve Kroft covered the controversial classified pages of the Joint Inquiry Into Intelligence Community Activities Before and After the Terrorist Attacks of September 11, 2001 report produced by U.S. Senate Select Committee on Intelligence and the U.S. House Permanent Select Committee on Intelligence in December 2002. This report preceded what is known […]
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In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
- April 8,2016
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- SUSTG Team
In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]
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Saudi Arabia reportedly planning US-style ‘green card’ system as part of strategy to increase revenue
- April 7,2016
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- SUSTG Team
Saudi Arabia is considering setting up a ‘green card’ system, similar to that used in the US, as part of an overall strategy to raise $100 billion in revenues annually by 2020, according to reports. The Deputy Crown Prince “revealed Saudi Arabia’s inclination to introducing a system for residents that is similar to the American […]
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Saudi Arabia was world’s third largest military spender in 2015, surpassing Russia
- April 6,2016
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- SUSTG Team
Saudi Arabia surpassed Russia in military spending for 2015 to be the world’s third largest spender on defense, according to a new report by the Stockholm International Peace Research Institute (SIPRI). The United States retained its top position globally in total military spending in 2015, accounting for almost one-third of all military spending globally. The […]
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Politico Op-Ed Details Extensive U.S.-Saudi Coordination to Deter Terrorism and Terrorist Financing
- April 5,2016
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- SUSTG Team
Nail Al-Jubeir, director of the information office at the Royal Embassy of Saudi Arabia and brother to Saudi Foreign Minister, Adel Al-Jubeir (previously Saudi Ambassador to the United States), has written an op-ed in Politico on the deep and well-established programs in place to enable the U.S. and Saudi Arabia to work together to “suffocate terrorism.” The op-ed, […]
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Saudi Arabia taking ‘unprecedented hands-on role in housing finance and development’
- April 4,2016
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- SUSTG Team
Saudi Arabia’s housing minister Majed al-Hogail gave an interview with Bloomberg last week in which he discussed the government’s plans to create its own development company and start a mortgage-guarantee fund to encourage banks to increase lending for Saudis. “‘We are looking to improve the productivity of the local developers’ but also trying to attract international […]
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Deputy Crown Prince Mohammed bin Salman on U.S.-Saudi Relations: ‘We consider ourselves to be the main ally for the U.S. in the Middle East’
- April 4,2016
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- SUSTG Team
Deputy crown prince Mohammed bin Salman described the U.S.-Saudi relationship as “huge” and reiterated that Saudi Arabia was the main ally for the United States in the Middle East in a recent interview. “Our partnership with the U.S. is huge. Oil is only a small part of it. Oil was just the beginning for us,” […]
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Major Policy Shifts Revealed in Bloomberg Interview with Deputy Crown Prince Mohammed Bin Salman
- April 1,2016
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- SUSTG Team
In an extensive interview with Bloomberg Saudi Arabia’s deputy crown prince Mohammed bin Salman outlined his vision for several major economic initiatives. These include a plan to offer shares in all of Saudi Arabian Oil Company (Saudi Aramco) rather than just it’s downstream and refining assets. “The mother company will be offered to the public […]
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Throwback: Photos of King Salman at King Saud University, 40 Years On
- March 31,2016
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- SUSTG Team
Recently released photos by the Saudi Press Agency (SPA) show King Salman at the King Saud University roughly 40 years ago, as the then-prince assisted in shaping the Riyadh-based University to be what it is today. King Saud University (KSU) is billed as “the premier institution of higher education in the Kingdom of Saudi Arabia. Prince […]
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MUST-READS
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UN restarts Syria cross-border aid but with only one access point
The UN security council passed a resolution to restart cross-border humanitarian aid to Syria on Saturday after caving to Russian pressure to close one of two access points into the war-torn country.
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Saudi unemployment falls in first quarter, but before coronavirus impact
Unemployment among Saudi Arabian citizens in the first quarter fell below 12% for the first time in four years, official figures released on Tuesday showed, but they did not capture the impact of the coronavirus crisis. Unemployment fell to 11.8% from 12% the previous quarter, the General Authority for Statistics said.
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Saudi FDIs on the rise for 9 quarters in a row
The annual performance of the value of Saudi FDIs includes investments in all sectors during the period extending from the end of the first quarter of 2019 to the end of the first quarter of 2020, and these investments increased by about 9.5 percent, equivalent to $10.91 billion.
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Saudi Arabia And Kuwait Restart Production At Huge Shared Oil Field
Al-Khafji is one of four offshore and one onshore field located in the neutral zone between Saudi Arabia and Kuwait. Of these, just two fields—Al-Khafji and Wafra—pumped half a million barrels daily until 2015.
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B20 Special Report to G20 – Jump-starting the Global Economy in a Post Covid-19 phase
For this initiative, B20 reached out to global business leaders, stakeholders and international policy makers to determine how best to collaborate and get consensus from the business world on how governments can better support the private sector during the crisis, protect the economy and prepare for future crises.
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Saudi-Led Coalition Starts Military Operation Against Yemen’s Houthis
A Saudi-led coalition has started a military operation against Yemen's Houthi movement after Houthis stepped up cross-border missile and drone attacks on Saudi Arabia, Saudi state television reported Wednesday.
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Turkey to Keep Making F-35 Parts Through 2022, Pentagon Says
It’s the Defense Department’s first public confirmation that the Trump administration has softened a pledge to oust Turkey from the fighter jet program by March of this year over its purchase of a Russian-built missile defense system known as the S-400.
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Big Bank Merger Points to Trouble at Heart of Saudi Economy
Several years of low lending growth were already leading banks to look at consolidation as a way to create value and more deals are possible, Madani said. Two smaller Saudi banks, SABB and Alawwal, completed a merger in 2018.
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Oman Jump-Starts its Slow-Moving Technology Initiatives
Advancing Oman’s technology initiatives can help the government address economic challenges that have assumed a new degree of urgency following the coronavirus outbreak and oil price collapse.
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Russian Bounties Are Part of Moscow’s Aid to the Taliban, Current and Former Intel Officials Say
Explosive reports of the existence of the bounty program — and the Trump administration’s failure to publicly respond in the months since the program was discovered — have sparked outrage among lawmakers and some national security practitioners who claim that Russia has been allowed, essentially, to order the killing of U.S. service members.
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