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Yemen Surge: 10k Coalition Troops Pour into Yemen as Airstrikes Continue to Pound Houthi Targets
- September 9,2015
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- SUSTG Team
A Saudi-led alliance launched more air strikes on Yemen’s capital and more foreign troops were reported to be moving into the country, Reuters reports, an escalation in coalition involvement. Local sources cited by Reuters report an increase in Qatari, Sudanese, and Egyptian forces entering Yemen, while Saudi Arabia’s Saudi Gazette, citing Al Arabiya TV, reports […]
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King Salman’s Energetic Visit to Washington
- September 8,2015
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- SUSTG Team
During King Salman’s visit to Washington last week – his first official state visit anywhere – the King had back-to-back meetings with President Obama at the White House and met with Saudi military personnel, Saudi students, former U.S. presidents, former Aramco employees and the U.S.-Saudi business community in a schedule that provided a boost to U.S.-Saudi relations. […]
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Jadwa Investment September 2015 Chartbook: Saudi Government Slows Reserves Drawdown, Oil Affects Stock Market
- September 2,2015
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- SUSTG Team
Jadwa Investment’s September 2015 Saudi Chartbook, a detailed look at key economic performance data for the Kingdom’s economy, finds oil prices pushing downward on the Saudi stock market, but a slowdown to 10-month lows in the Government’s drawdown on assets. Jadwa Chief Economist Dr. Fahad Alturki, in a message to investors, noted four key findings in […]
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Fire at Saudi Aramco Residence Complex Kills 10, Hundreds Injured; Cause of Fire Unknown
- August 31,2015
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- Lucien Zeigler
A fire broke out at a housing complex for Saudi Aramco workers in the eastern city of Khobar, killing 10 people and injuring hundreds, according to reports. The cause of the fire is not yet known, but the BBC reports that Saudi Aramco has begun an investigation into the cause. According to Reuters, Saudi Arabia’s […]
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Boeing, Saudi Companies to Form New Joint Venture for Helicopter Service
- August 28,2015
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- SUSTG Team
Boeing and its Saudi partners are forming a maintenance, repair and overhaul company for commercial and military helicopters in Saudi Arabia, according to reports. Boeing has signed the agreement with Saudia Aerospace Engineering Industries (SAEI) and Alsalam Aircraft Company to create the Saudi Rotorcraft Support Center in the Kingdom of Saudi Arabia. The joint venture will have locations […]
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King Salman’s Visit to United States Follows Years of U.S.-Saudi Bi-Lateral Diplomacy
- August 27,2015
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- SUSTG Team
Saudi Arabia’s King Salman is set to meet with President Obama on September 4, 2015, the first visit by a Saudi head of state since King Abdullah in September of 2010. This is the second time President Obama and King Salman will meet in person this year and follows a busy 2015 for bi-lateral meetings between the […]
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King Salman to Visit Washington for September 4th Meeting with President Obama; First Saudi King to Visit since 2010
- August 26,2015
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- SUSTG Team
Saudi officials and sources say King Salman will visit the United States for the first time since ascending the throne and will meet with President Barack Obama on Friday, September 4th in Washington. The King’s visit will be the first since the late King Abdullah visited the United States in 2010. In May, King Salman was invited to […]
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Oil in Downward Spiral as Global Markets Push Prices to Fresh Lows
- August 25,2015
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- SUSTG Team
Recent turmoil in global markets, originating in China and spreading to markets globally, have put added pressure on an already battered price of oil as investors look for the bottom. Oil has fallen by about $60 in the last year, and instability in markets this week has increased downward pressure on the commodity with a 6% […]
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MERS Surges Ahead of Hajj in Test to New Health Minister
- August 24,2015
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- SUSTG Team
Saudi Arabia’s Ministry of Health confirmed 49 new cases of Middle East Respiratory Syndrome (MERS) coronavirus in the last week as the urgency to keep the forthcoming Hajj period free of the infectious disease rises. So far, Saudi Arabia has identified 1,147 infections of the virus, including 487 deaths, since the appearance of the disease […]
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Sfakianakis on Bloomberg: How Much Longer Can Saudi Arabia’s Economy Hold Out Against Cheap Oil? – Video
- August 21,2015
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- SUSTG Team
With economists predicting a budget deficit of as much as 20 percent of GDP this year and the IMF forecasting the first Saudi current-account deficit in more than a decade, Saudi Arabia faces tough fiscal policy choices ahead as the price continues to stay low. Saudi finance expert and Ashmore Group Middle East Director John Sfakianakis spoke with Bloomberg […]
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MUST-READS
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Desert X AlUlaArt Rises in the Saudi Desert, Shadowed by Politics
Across the gold-and-russet sandstone canyon, the brawny rock formations sprouted contemporary art: an iridescent spaceshiplike sculpture, a glinting metal tunnel, a scattering of brightly painted spheres.
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NetflixNetflix Nabs Short Films From Saudi Arabia Start-up Telfaz11 Studios
Netflix has picked up a slew of short firms from Saudi Arabia start-up Telfaz11 Studios. The streamer has nabbed six films, which aim to shine a light on thought-provoking subjects with a focus on social themes. The films will be available to watch in 190 countries from February 27. The digital platform will badge the films under the banner Six Windows in the Desert.
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EducationKSA Starts Overhauling Saudi Arabia’s Educational System
The ministry has 47 directorates and 422 education offices to oversee 300,000 schools, 27 public universities, 15 private universities, 46 private colleges, 70 technical colleges, 96 technical institutes and a group of private training institutes. Sheikh said the ministry employs 516,000 elementary and secondary school teachers, 70,000 university teachers, 12,000 trainers and 300,000 administrative staff.
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SyriaSyrian Government troops seize part of key Idlib town Saraqeb
Syrian government troops have retaken parts of the strategic town of Saraqeb in the last rebel-held province, Idlib. Syrian army units besieged the town for two days, exchanging artillery fire with Turkish forces who were supporting Syrian rebels.
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Desert X‘We Had the Guts to Say Yes to This’: Artists Explain Why They Ignored Criticism to Participate in Desert X’s Saudi Edition
“Some people wouldn’t talk to me and other people were absolutely shocked that I would do it,” says Albuquerque. “When Christopher Knight wrote that article I felt very pressured and for three days I decided not to do it. I was so depressed and then I said, ‘Wait a minute, I can’t let that kind of [critique] stop me from being part of a historic moment.’”
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MBC GroupMBC Group to set up new headquarters in Riyadh
MBC Group, the largest broadcaster in the Middle East and North Africa, signed an agreement to set up new headquarters in Riyadh and will begin operations from Saudi Arabia’s capital within five years. The new headquarters will be based at Riyadh’s Media City project.
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Rub Al-KhaliExplorer saw nature’s sheer beauty and power in Saudi Arabia’s Empty Quarter
He was mentally prepared for encounters with dangerous creatures ranging from wild cats to deadly scorpions. But what turned out to be the biggest danger was the desert itself, Calderan said, recalling a moment when he stood before a “mountain of dunes” as high as 300 meters. “It was as if I had travelled to hell — and it was the first time in my life I started to pray in order to come out,” he said.
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Shale OilShale pioneer John Hess says key U.S. fields starting to plateau
Production in the Eagle Ford Shale in South Texas is starting to plateau, while the Bakken field in North Dakota where Hess is a major producer will hit its peak production levels within the next two years, said Hess, who spoke Tuesday in Houston at the Argus Americas Crude Summit.
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StartupsSaudi startups received funding worth $67 million in 2019
According to MAGNiTT's most recent report, "2019 Saudi Arabia Venture Capital Snapshot," the number of startup investments totaled 71, amounting to a 92-percent growth since 2018's total of 37 deals. This quick and sudden rise in investment and funding has pushed the kingdom up the ranks among the MENA region's countries, placing it third after the UAE and Egypt, respectively.
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Neutral ZoneKuwait and Saudi Arabia start work to resume oil output from Khafji: sources
Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with initial output expected around the end of February, two industry sources said.
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