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Overview of Saudi Arabia’s Drive Toward Privatization
- May 17,2017
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- SUSTG Team
Saudi Arabia’s push toward privatization is a key component of the government’s ambitious Vision 2030 economic and social reform program, and necessary for the Kingdom’s goals of diversifying its economy away from petroleum revenue dependency. The news service Reuters provides a “factbox” list of Saudi Arabia’s sectors that are making progress toward privatization, and encouraging […]
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Riyadh Summit 2017: Website Launched for Upcoming Events Connected to President Trump’s Visit to Saudi Arabia
- May 16,2017
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- SUSTG Team
A website has been launched detailing the events connected to the arrival of President Donald Trump to Riyadh, Saudi Arabia, his first visit abroad as President. The ‘Riyadh Summit 17′ is a series of events over two days to highlight U.S.-Saudi and Islamic relations. The website URL is https://www.riyadhsummit2017.org/. “The Kingdom of Saudi Arabia welcomes President […]
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Ahead of Trump’s Visit, White House Official Tells Reuters $100b in Arms Deals Planned
- May 15,2017
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- SUSTG Team
The United States is close to completing a series of arms deals with Saudi Arabia totaling more than $100 billion, a senior White House official told Reuters on Friday, a week ahead of President Donald Trump’s planned visit to Riyadh. The arms deals could reach up to $300 billion over 10 years to help Saudi […]
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World’s Tallest Building Set for Saudi Arabia Delayed Again After Binladen Group Turmoil, Now Expected in 2019
- May 12,2017
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- SUSTG Team
Saudi Arabia’s under-construction Kingdom Tower Jeddah, set to be the world’s tallest building when finished, has been delayed until 2019, Prince Alwaleed bin Talal said at the building’s construction site yesterday. “The project was delayed… but it’ll open (in) 2019,” Prince Alwaleed said. Alwaleed is chairman of Kingdom Holding Company and consistently listed as the […]
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Major Reduction in Quarterly Budget Deficit Figures a Positive for Kingdom’s Economic Reforms
- May 11,2017
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- SUSTG Team
In an analysis of official data from the Kingdom, Bloomberg found a significant year-on-year reduction in Saudi Arabia’s budget deficit from Q1 2017, a sign that the Kingdom’s economic reforms coupled with an uptick in oil prices have positively impacted the government’s balance sheet. According to Saudi Arabia’s finance ministry and as reported in Bloomberg, […]
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Saudi Arabia’s Vice Minister of Economy and Planning Mohammed Al Tuwaijri Gives Interview to Bloomberg News
- May 10,2017
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- SUSTG Team
Saudi Arabia’s powerful vice minister of economy and planning Mohammed Al Tuwaijri gave an interview to Bloomberg News on Tuesday and discussed the government’s borrowing plans, infrastructure spending and how the kingdom still intends to balance its budget by 2020. Al Tuwaijri, who is also head of the finance committee at Saudi Arabia’s powerful Council of Economic […]
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Saudi Defense Ministry’s Ideological Warfare Center Combats ISIS’ False Narrative
- May 9,2017
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- SUSTG Team
Saudi Arabia has established an Ideological Warfare Center (IWC) to combat the narrative put forth by extremist groups like ISIS and Al-Qaeda, and to combat extremism at its ideological roots. The IWC is affiliated with the Saudi Ministry of Defense, run by Deputy Crown Prince Mohammed bin Salman, and officially aims to “confront the roots of extremism […]
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U.S., Saudis in Talks for New Defense Deals Worth Billions Ahead of Trump’s Visit, Sources Tell Reuters
- May 8,2017
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- SUSTG Team
Washington and Riyadh are working to boost military sales from the U.S. to Saudi Arabia for new and existing contracts worth “tens of billions of dollars” ahead of U.S. President Donald Trump’s trip to the kingdom this month, Reuters reports, citing several sources familiar with the talks. According to Reuters, “as planning for Trump’s trip to Saudi […]
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Trump’s First Foreign Trip as President is to Saudi Arabia
- May 5,2017
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- SUSTG Team
President Donald Trump will visit Saudi Arabia as his first foreign trip since taking office, a sign of the Kingdom’s importance as an ally and trading partner to the United States. The trip will also include visits to Israel and the Vatican, meaning that Trump will be visiting the spiritual centers of Islam, Judaism and […]
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Plans Move Ahead for Saudi Arabia’s ‘Fannie Mae’ Mortgage-Refinancing Firm
- May 4,2017
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- SUSTG Team
Saudi Arabia’s first mortgage-refinancing firm has started approaching banks to buy their mortgage portfolios as the state tries to boost lending for homes, Bloomberg reports. In 2015, Bloomberg and Reuters reported on Saudi Arabia’s plans to work with the Boston Consulting Group to help start a state-owned mortgage firm similar to the U.S.’s Fannie Mae and […]
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Dubai Police arrest group of Israelis for murder of an Israeli
Dubai Police have arrested “several” Israeli nationals over the murder of another Israeli national, the emirate’s media office said. Dubai Media Office, late on Wednesday, tweeted: “Dubai Police said it has arrested a number of Israeli nationals after they assaulted and caused the death of another Israeli national.” “The accused will be referred to the Dubai Public Prosecution for further legal proceedings,” it added.
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Saudi Arabia’s Wild Megaprojects Explained
In essence it’s a strategy of “build it and they will come” – but build it big and with lots and lots of cash. In short, Saudi Arabia wants to do Dubai on a scale that even Dubai couldn’t dream of.
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Surging Investments: Indian buyers propel Dubai’s real estate sector
Dubai’s construction industry is witnessing a significant increase in investments from India, driven by imminent tax adjustments set to be implemented on July 1. According to insiders in the sector, Indian investors contributed to 20% of all property transactions in Dubai during the first quarter of 2023, injecting close to $2 billion into the market.
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The technical is geopolitical: Expanding US-UAE relations through AI
The UAE has made clear its intention to become a world leader in AI by 2031 in its national AI strategy, complete with the goals of developing a “fertile ecosystem for AI,” creating a digital infrastructure “essential to become a test bed for AI,” and matching world-class research capabilities with industries, among others.
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Saudi Airports Experience 42% Passenger Increase In Q1
Saudi Arabia has witnessed a significant increase in footfall at its airports in the last few months, thanks to the travel rebound. The country is keen on welcoming back passengers and air traffic as part of its long-term vision of making the kingdom an attractive tourist destination in the coming years. To do this, Saudi Arabia is investing significantly in aviation infrastructure to compete with other aviation hubs in the Middle East.
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Bahrain and Lebanon To Restore Relations
On Saturday, May 20, Bahrain’s Foreign Ministry announced that it would resume full diplomatic relations with Lebanon amid an effort to “strengthen the fraternal relations between the two countries.” Bahrain and other Gulf countries severed relations with Lebanon in 2021 in response to then-Lebanese Information Minister George Kordahi’s statements criticizing the Saudi-led coalition's involvement in Yemen’s civil war.
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How US Central Command’s task forces are shaping the future of operational AI
“I think that maybe people traditionally think about hardware and unmanned systems, and it’s almost more interesting to talk about the software capabilities and algorithmic analytics that are evolving and increasingly getting integrated into our workflows,” Schuyler Moore, Centcom’s chief technology officer, said at a recent Center for Strategic and International Studies event.
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NEOM jobs: Hotel development roles available in Saudi Arabia gigaproject
Saudi Arabia’s NEOM gigaproject has dozens of job openings across its vast plans, including five hotel roles. Currently showing the NEOM careers portal are the following positions in the Hotel Development division
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Exclusive: Chinese hackers attacked Kenyan government as debt strains grew
Chinese hackers targeted Kenya's government in a widespread, years-long series of digital intrusions against key ministries and state institutions, according to three sources, cybersecurity research reports and Reuters' own analysis of technical data related to the hackings. Two of the sources assessed the hacks to be aimed, at least in part, at gaining information on debt owed to Beijing by the East African nation: Kenya is a strategic link in the Belt and Road Initiative - President Xi Jinping's plan for a global infrastructure network.
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Saudi Tourism Promotes Its All-Season Appeal With New Campaign
Saudi Tourism Authority officially launched its seasonal campaign, Rethink Summer, aimed at promoting the country as a diverse, unique summer destination. Calling Saudi the fastest growing destination worldwide, Ahmed Al Khateeb, minister of tourism and chairman of the Saudi Tourism Authority said the campaign builds on the fact that Saudi has proved to be a yearlong destination for visitors.
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