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Surge in Use of Stimulant Fuels Concern in Saudi Arabia
- October 28,2015
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- SUSTG Team
The recent arrest of a member of Saudi Arabia’s royal family for attempting to import 2 tons of an illegal drug has dragged Saudi Arabia’s underground drug culture into the spotlight. Use of fenethylline, more commonly known by its commercial name Captagon, is on the rise in Saudi Arabia and especially among the youth. The drug […]
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Bomb Rips Through Shia Mosque in Najran City, Saudi Arabia, Killing One; Daesh Claims Responsibility, Suspect Named
- October 27,2015
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- SUSTG Team
A bomb ripped through a Shia mosque in Najran City in Saudi Arabia yesterday, killing one and injuring at least 16 people in the latest in a spate of murderous attacks across Saudi Arabia in the last year. Daesh has claimed responsibility for the suicide bombing at the al-Mashhad mosque. Saudi Authorities have named a suspect. […]
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In Riyadh, Secretary of State John Kerry Meets with King Salman, Top Saudi Officials to Discuss Syria Coordination
- October 26,2015
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- SUSTG Team
Secretary of State John Kerry visited HRH King Salman and top Saudi officials in Riyadh over the weekend to discuss coordination in Syria, according to reports. Reuters reports that the United States and Saudi Arabia agreed to increase support to Syria’s moderate opposition while seeking a political resolution of the four-year conflict, the U.S. State […]
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This is Damascus Now: Incredible Drone Footage Reveals Extent of Devastation in Damascus from Syria’s Bloody Civil War
- October 23,2015
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- SUSTG Team
Incredible aerial footage of Syria’s capital, Damascus, has emerged showing widespread devastation to a once vibrant city. The Associated Press reports that the original video was shot by RTR war correspondent Yevgeny Poddubny on October 18, noting, “thousands of Syrian army airstrikes and barrel bombs dropped from army helicopters throughout the country’s civil war have reduced […]
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Prince Abdullah bin Faisal bin Turki Al Saud Named New Ambassador to the United States
- October 22,2015
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- SUSTG Team
Saudi Arabia’s new ambassador to the United States, Prince Abdullah bin Faisal bin Turki Al Saud, has been sworn in by King Salman in a ceremony in Riyadh, according to the SPA and the Royal Embassy of Saudi Arabia. The swearing in ceremony took place at Al-Yamamah Palace in Riyadh for Prince Abdullah bin Faisal, […]
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In First Interview as Capital Markets Authority Chairman, Mohammed Al-Jadaan Indicates Willingness to Open Stock Market to Wider Foreign Investment
- October 21,2015
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- SUSTG Team
Saudi Arabia would be open to relaxing its rules on foreigners investing directly in its stock market to help it get included in global indices, the chairman of the Capital Market Authority told Reuters. In his first interview with international media, Al Jadaan told Reuters that “[o]ne of our objectives is to ensure we are […]
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Report: U.S. State Department Approves Sale of $11.5b Littoral Combat Ships to Saudi Arabia, Latest in ‘Biggest Year Yet’ for U.S. Arms Sales
- October 20,2015
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- SUSTG Team
The State Department has approved the sale of as many as four Littoral Combat Ships for $11.25 billion under the Foreign Military Sales program according to an official cited by Bloomberg. The approval allows the Saudis to negotiate contracts for the ships unless Congress passes legislation to block the deal, the report said. The news […]
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Saudi Prince Turki al-Faisal Outlines Saudi Foreign Policy Principles, Bids Heartfelt Farewell to Late Brother at AUSPC Keynote
- October 19,2015
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- SUSTG Team
In remarks to attendees at the Arab-US Policymaker’s conference in Washington, D.C. last week, HRH Prince Turki al-Faisal outlined a Saudi foreign policy with three central pillars before paying a heartfelt tribute to his brother, the former foreign minister who passed away earlier this year. The remarks, included below, framed Saudi foreign policy around unity, […]
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America is the Only Country that Taxes Their Citizens on Global Income. Here’s Why That Makes Them Toxic to Foreign Employers.
- October 16,2015
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- SUSTG Team
The United States is the only country to tax the earnings of its citizens abroad. Double-taxation, as it is known, is hurting American interests abroad and making the employment of U.S. citizens a toxic proposition for foreign companies. Writing in the Wall Street Journal, which is behind a paywall and requires subscription, Colleen Graffy assails […]
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Perspective: “Lessons from America’s Continuing Misadventures in the Middle East” – Chas Freeman’s Speech to AUSPC in Washington
- October 15,2015
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- SUSTG Team
In the opening keynote at this year’s 24th Arab-US Policymaker’s conference, Ambassador Chas W. Freeman, Jr. discussed the lessons from America’s “continuing misadventures in the Middle East.” The event, hosted by the National Council on U.S.-Arab Relations in Washington, D.C., enters its second day today at the Ronald Reagan International Trade Center. Ambassador Freeman chairs Projects […]
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MUST-READS
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Formula 1 announces long-term global partnership with Aramco
Aramco will become Formula 1’s sixth Global Partner alongside DHL, Emirates, Heineken, Pirelli and Rolex. Aramco selected Formula 1 as its first global sponsorship platform in recognition of the sport’s dynamic appeal and growing global fan base.
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70% Saudization of retail, wholesale outlets of 9 key sectors starting Aug. 20
The decision includes Saudization of the following economic activities: selling coffee, tea, honey, sugar and spices; water and beverages; fruits, vegetables and dates; selling grains, seeds, flowers, plants and agricultural materials; selling books, stationery and student services; gift and luxury stores, accessories, handicrafts and antiques; selling toys; selling meat, fish, eggs, dairy, vegetable oil; and detergent, plastic and soap.
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How Putin spurned the Saudis to start a war on America’s shale oil industry
After five hours of polite but fruitless negotiation, in which Russia clearly laid out its strategy, the talks broke down Friday. It wasn’t just traders who were caught out: Ministers were so shocked, they didn’t know what to say, according to a person in the room. The gathering suddenly had the atmosphere of a wake, said another.
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Final version of Saudi-led ‘smart glasses’ to be unveiled this month
Production of the glasses began in Dubai in January 2020, with the company forecasting to sell 10,000 units within the next two years. A single pair costs $1,500.
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A Saudi-based startup capitalizes on gig-economy opportunities
Founded by Mohamed Ibrahim, Abdul Rahman Al-Mudaiheem, Afnan Sherbeeni and Sara Alshimemri, Sabbar enables businesses in retail, entertainment and hospitality industries to book casual staff in the Kingdom during peak hours or high seasons from a roster of pre-qualified professionals.
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Saudi Arabia’s Wealth Fund Parts Ways With Three Top Executives
Chief Strategy Officer Dennis Johnson, who had been in his role since 2018, has left, as well as the head of risk, Martin Botha, according to people with knowledge of the matter. Head of investment risk, Hassan Chehime, who had been with the PIF for about a year, also departed, the people said, asking not to be identified because the moves haven’t been publicly disclosed.
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As coronavirus cases worldwide pass 90,000, WHO chief warns ‘we are in uncharted territory’
The head of the World Health Organization (WHO) said that public health officials are operating in "uncharted territory" as they combat the spread of the novel coronavirus, which has infected more than 90,000 people across 73 countries and territories as of Monday evening.
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AMAALA appoints Foster + Partners as Architectural Advisors
AMAALA, the ultra-luxury destination located along Saudi Arabia’s northwestern coastline, has announced the appointment of British award-winning architectural design and engineering firm, Foster + Partners. The firm will act as Architectural Advisors of the development.
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Aramco Is Said to Start Early Preparations for Overseas Listing
The world’s largest publicly traded company is in discussions with Wall Street banks to draw up scenarios for a second listing overseas, according to the people, who asked not to be identified because the information is private. Aramco wants to be ready to move ahead if Saudi Arabia’s de-facto ruler, Crown Prince Mohammed bin Salman, gives the go-ahead to proceed with the plans, the people said.
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Work begins on project to document all aspects of Saudi art and culture across the Kingdom
Work has started on an ambitious initiative to document all aspects of Saudi culture across the Kingdom’s 13 regions. With its “13/16” project, the Ministry of Culture aims to highlight the nation’s cultural diversity and rich heritage by constructing a record of all forms of local art and culture. The project, which includes the establishment of a visual library of cultural activity recorded in photographs and videos, is believed to be the first of its kind in the Kingdom in terms of exhaustiveness and diversity.
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