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Reports Former Crown Prince Confined to Palace ‘Baseless’, Official Tells Reuters
- June 29,2017
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- SUSTG Team
A senior Saudi official on Thursday denied as “baseless” a New York Times report that Prince Mohammed bin Nayef has been confined to his palace in Jeddah and barred from traveling abroad, according to a Reuters report. The original report in the New York Times cited four current and former American officials and Saudis “close […]
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Crown Prince Mohammed’s Promotion, MSCI Announcement Jolts Saudi Stock Market to Big Gains
- June 22,2017
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- SUSTG Team
Saudi Arabia’s stock market soared for a second straight day following two big storylines that are giving investors confidence: the promotion of Prince Mohammed bin Salman to first-in-line to be King of Saudi Arabia, and news that the Kingdom may be considered for MSCI Emerging Market index inclusion as soon as 2019. The announcement of […]
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U.S. Senate Scrutinizes Precision-Guided Arms Package for Saudis
- June 8,2017
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- SUSTG Team
A proposed sale of $500 million worth of U.S. precision-guided missiles to Saudi Arabia is coming under growing scrutiny from Congress, according to reports, as a key vote looms in the U.S. senate today. Foreign Policy magazine reports that the planned sale of munitions would replenish the kingdom’s depleted stocks after two years of daily bombing […]
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President Trump, King Salman Speak Amid Qatar Diplomatic Fallout
- June 7,2017
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- SUSTG Team
U.S. President Donald Trump spoke by phone with Saudi Arabia’s King Salman amid a growing crisis between GCC states over allegations that Qatar is funding terrorism and extremist activities. Saudi Arabia, the UAE, Egypt and three other states have cut diplomatic ties with Qatar, threatening a socio-economic crisis for what Saudi Arabia’s leaders only recently […]
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Goldman Sachs Applies to Saudi CMA for Equities Trading License in Saudi Arabia
- June 2,2017
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- SUSTG Team
Goldman Sachs has applied to Saudi Arabia’s capital markets regulator for a license to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country, Reuters reports. The bank has been operating in Saudi Arabia since 2009 as an agent and underwriter, […]
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Flurry of Business Activity in Riyadh as SoftBank To Launch $100 billion Fund during President Trump’s Visit, One of Many Deals Slated for Busy Weekend
- May 19,2017
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- SUSTG Team
Japan’s richest man and Softbank CEO Masayoshi Son will travel to Saudi Arabia and announce the close of the first fundraising round for what will be the world’s biggest private equity fund, backed by Saudi Arabia’s sovereign wealth fund and Apple Inc., according to a Reuters report. The expected launch of the $100 billion Vision Fund […]
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New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
- May 18,2017
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]
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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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In Interview, Deputy Crown Prince Mohammed bin Salman Discusses Economic Reforms, Regional Challenges
- May 3,2017
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman gave a wide-ranging interview with Saudi TV station MBC yesterday, discussing regional politics, the war in Yemen, the economy, Vision 2030, and Saudi Aramco’s planned IPO. The interview – given in Arabic – was widely broadcasted in the Kingdom and discussed on social media sites. It was his […]
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Is a Political Solution to the Yemen Conflict on the Horizon?
- May 1,2017
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- SUSTG Team
The Saudi-led coalition is “now looking for a political solution rather than a military operation to take Yemen’s Red Sea port of Hodeidah,” former US officials who work on Yemen told Al Monitor‘s Laura Rozen. The possible breakthrough could avoid a military escalation to take the Houthi-held strategic port, which would make the catastrophic food shortage […]
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MUST-READS
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Trump inherits new region as Iran, Saudi Arabia eye closer ties
Iran and Saudi Arabia are stepping up their pace of engagement. Over the past week, the Kingdom has sent a high-ranking military delegation to Tehran for talks on potential collaboration. Meanwhile, Saudi Crown Prince Mohammed bin Salman (MbS) has directly engaged with Iran’s president, vice president, and foreign minister. However, the dialogue has yet to result in the economic dividends some in Iran anticipated from normalization with Saudi Arabia. Moreover, questions linger about how the regional chessboard may change when Donald Trump returns to the White House in January.
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Trump Will Encounter a Very Different Middle East in His Second Term
Hamas’s attack on Israel on Oct. 7, 2023, was one of those moments that divides history into “before” and “after.” In the attack, Hamas massacred civilians in Israel and took others back to Gaza as hostages. As my colleague Steven Erlanger wrote just two weeks later, the assaults shattered longstanding assumptions about the Israeli-Palestinian conflict, ushering in a period of violent uncertainty.
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Céline Dion performs two of her classic hits at Elie Saab fashion show in Saudi Arabia
On Nov. 13, she performed in Saudi Arabia at 1001 Seasons of Elie Saab, a fashion show celebrating the Lebanese designer’s 45-year career. Céline sang her 1993 classic “The Power of Love,” as well as her 2002 song “I’m Alive.” The show was livestreamed and archived on YouTube. According to the U.K. paper The Standard, the appearance marked Céline’s first-ever performance in Saudi Arabia. According to the paper, Céline said on the red carpet ahead of the show, “Being here for the first time is kind of a dream come true, and Monsieur Elie Saab and his entourage and his beautiful family has welcomed us here. … I’ve been wearing his dresses, his talent for many, many years.”
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Infection, prevention and control excellence in the Kingdom of Saudi Arabia: reducing central line-associated bloodstream infections
In 2021, the Kingdom of Saudi Arabia (Saudi Arabia) faced a significant public health challenge: Central line-associated bloodstream infections (CLABSI) were alarmingly prevalent, particularly in adult intensive care units (ICUs). Through a comprehensive initiative led by the Ministry of Health and involving facility managers and clinicians Saudi Arabia has seen a reduction of 48.8% in the occurrence of CLABSI compared to 2021.
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Saudi’s evolving consumer landscape and how AI can help
In Saudi Arabia, a fascinating shift is under way in consumer behaviour as the country experiences rapid development and transformation. To better understand consumer trends in Saudi Arabia, Google conducted research in partnership with Ipsos and performed an internal analysis. The findings were presented at Google’s Accelerate Saudi event earlier this year.
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Saudi Arabia opens the GCC’s first Dark Sky Park to boost astrotourism
TheAlUla Manara and AlGharameel Nature Reserves officially named as Saudi Arabia’s and GCC’s first-ever Dark Sky Park. Royal Commission for AlUla (RCU) is dedicated to sharing the stunning beauty and deep history of AlUla with the world. By carefully curating experiences that cater to a wide array of interests, RCU ensures that AlUla is a destination poised to astonish every visitor, regardless of their journey’s purpose. The RCU’s efforts to showcase the stunning beauty and rich history of this region have paid off, with the “AlUla Lighthouse” and “Al Gharamil Reserve” recognized as the “First Certified Dark Sky Reserve in the Kingdom and the Gulf” by the “International Dark-Sky Association” (IDA) that is dedicated to eliminating the light pollution in both rural and urban areas.
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Saudi-based company to build largest pet food factory in Middle East
Delicious Food Factory (DFF), based in Jeddah, Saudi Arabia, announced it will construct what it said is the largest pet food factory in the Middle East. The new facility, spanning a total area of 55,000 square meters (592,015 square feet), will have a production capacity of 60,000 tons of dry food and 40,000 tons of wet food annually. Being built north of Riyadh, Saudi Arabia, the factory is expected to be completed by late 2026.
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BlackRock Gets Abu Dhabi License Weeks After Nod for Saudi HQ
BlackRock Inc. received a commercial license to operate in Abu Dhabi, the latest sign that the asset manager is looking to deepen its ties across the region. BlackRock received approval from Saudi Arabia last month to set up its regional headquarters in Riyadh. The $11.5 trillion asset manager has been intensifying its efforts to grow in the kingdom and earlier this year announced it would get as much as $5 billion from the Public Investment Fund to invest in the Middle East and build a Riyadh-based investments team.
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Second Meeting of the Saudi-French Committee for AlUla Issues Joint Statement
Chaired by Saudi Minister of Culture and Governor of the Royal Commission for AlUla Prince Badr bin Abdullah bin Farhan and French Minister of Europe and Foreign Affairs Jean-Noel Barrot, the committee meeting brought together Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and Saudi Minister of Investment Khalid Al-Falih, in addition to Acting CEO of the Royal Commission for AlUla Abeer AlAkel. The committee meeting was also attended by French Minister of Culture Rachida Dati, French Minister of Economy, Finance and Industrial and Digital Sovereignty Antoine Armand, and Chairman of the French Agency for the Development of AlUla (AfAlUla) Jean-Yves Le Drian.
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Investcorp names Mashaal AlJomaih as CEO for Saudi Arabia unit
Investcorp, the Bahrain-based alternative asset manager backed by Abu Dhabi's Mubadala Investment Company, has appointed financial industry veteran Mashaal AlJomaih as chief executive for its Saudi Arabia unit, as it seeks to boost its ties with investors in the Arab world's biggest economy. Mr AlJomaih, who has more than 20 years of experience in investment and advisory roles, will replace the retiring Yasser Bajsair, Investcorp said in a statement on Sunday. Before joining Investcorp in 2022, Mr AlJomaih held a number of senior positions at BNP Paribas Investment Company and JPMorgan Chase Bank, and co-founded of Darin Partners, a UK-based commercial real estate investment and consultancy.
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