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Recent stories from sustg

  • Large Jump in May Oil Shipments to China Moves Russia Past Saudi Arabia
     

    Russia has leaped ahead of Saudi Arabia as the top oil supplier to China, according to Bloomberg, as the race to supply the world’s second-largest oil consumer heats up.  Bloomberg: “China imported a record 3.92 million metric tons from its northern neighbor in May, according to data emailed by the Beijing-based General Administration of Customs on Tuesday. […]

     
  • A Saudi-Russia Thaw?
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman visited Russia today amid growing evidence of a thaw in Saudi-Russian relations. With the headline of “Saudi Arabia and Russia to cement ties,” the English language daily Arab News reports that Deputy Crown Prince Mohammed bin Salman “will seek to cement economic, cultural, political and trade relations […]

     
  • U.S. Chamber of Commerce, Saudi Committee for International Trade and SUSTG Host Shura Delegation in Washington
     

    Members of Saudi Arabia’s Shura Council visited Washington, D.C. last week for meetings.  The delegates represented the Saudi-U.S. Parliamentary Friendship Committee of the Majlis Al-Shura which makes regular visits to the United States in support of the U.S.-Saudi relationship. The Shura delegates and invited guests were hosted at the U.S. Chamber of Commerce for a […]

     
  • Video: CEO of Saudi Stock Exchange Adel Saleh Al-Ghamdi Speaks with CNBC as Saudi Bourse Opens
     

    Saudi Arabia’s $585 billion stock market – the largest in the region – opened to wider foreign investment today in Riyadh.  The CEO of Saudi Arabia’s Stock Exchange, Adel Saleh Al-Ghamdi gave an interview to CNBC on the opening of the market and the implications for the Kingdom of Saudi Arabia’s economy.  “The reason is not really […]

     
  • U.S. Chamber of Commerce, Saudi Committee for International Trade to Host Private Roundtable Luncheon with Visiting Shura Council Members in Washington
     

    This week, members of Saudi Arabia’s Shura Council will attend a private roundtable luncheon at the Washington Headquarters of the U.S. Chamber of Commerce as part of the delegation’s outreach to the U.S. business community. Organized by the U.S. Chamber of Commerce, the Committee for International Trade (CIT) of the Council of Saudi Chambers, and […]

     
  • IHS Jane’s: Saudi Spending on Military to Increase by 27% over 5 Years
     

    Defense consultancy IHS Jane’s says Saudi defense spending will be $48.7bn in 2015, a 2 per cent contraction over last year but will reach $62bn by 2020. Craig Caffrey, IHS principal defence budget analyst, said “We certainly expect a significant slowdown in the short term but longer term prospects remain strong,” The Financial Times (paywall)  reports. “ “The Kingdom has […]

     
  • The Open Air Art of Jeddah, Saudi Arabia
     

    The British newspaper The Guardian profiles a new book that examines the open-air artworks created by world-famous artists in the 1970s in Jeddah, Saudi Arabia, and the city’s recent push to restore and feature them. “From Joan Miró to Jean Arp and Henry Moore, the Saudi city was a magnet for big names in art […]

     
  • Video: Daesh Claims Second Mosque Attack in Saudi Arabia that Kills 4
     

    A suicide bomber affiliated with the self-styled Islamic State, or Daesh, attacked a mosque in Saudi Arabia for the second time in a week on Friday, killing 4. The attack comes a week after another terrorist attack in Saudi Arabia’s Eastern Province that killed 21 worshippers and injured over 100 others. عاجل فيديو: لحظة تفجير مسجد […]

     
  • MoE, SAMA to Provide 5,000 Scholarships and Jobs to Saudi Students
     

    The Ministry of Education and the Saudi Arabian Monetary Agency (SAMA) agreed to provide 5,000 Saudi students with scholarships and jobs in the insurance and financial sectors, according to reports, the latest move by the government to boost education for Saudi Arabia’s surging youth population. The move by SAMA will both grant scholarships to Saudi students […]

     
  • After Crown Prince Visit, 12,000 Saudi Students in the U.S. Added to King Abdullah Scholarship Program
     

    Custodian of the Two Holy Mosques King Salman approved on Thursday, May 14 the inclusion of 12,000 additional male and female Saudi students studying in the US at their own expense in the government’s King Abdullah Scholarship Program (KASP), according to reports.  The inclusion came at the request of Crown Prince Mohammed bin Naif following […]

     

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