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Remittances from Gulf States Double in 5 Years to $100b
- June 9,2015
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- SUSTG Team
Foreigners working in Arab Gulf states sent more than $100 billion in remittances to their home countries last year, according to the AFP/Saudi Gazette, a figure twice as high as 2010. The remittances are estimated at 6.2 percent of the combined GDP of the six GCC states of $1.6 trillion, the AFP reports, citing IMF […]
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In Washington, A Saudi and an Israeli Share a Stage – and a Common Enemy
- June 5,2015
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- SUSTG Team
Anwar Eshki, a retired major general in the Saudi armed forces, and Dore Gold, a former Ambassador and close to Israeli PM Netanyahu, shared a stage at the Council on Foreign Relations in Washington yesterday as the two countries revealed a series of bi-lateral talks that have occurred for the purpose of thwarting a common […]
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Cash Reward Offered for Wanted Men Connected to Mosque Bombings
- June 4,2015
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- SUSTG Team
Saudi Arabia’s government offered a $1.3m cash reward for men connected to bombings at mosques in the past two weeks, saying that “[a]nyone dealing with the wanted men will be held accountable,” according to Reuters and information posted by the Ministry of Interior and the Saudi Press Agency. The self-described Islamic State, or Daesh, claimed […]
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IHS Jane’s: Saudi Spending on Military to Increase by 27% over 5 Years
- June 3,2015
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- SUSTG Team
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 […]
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Jadwa Investment June 2015 Saudi Chartbook: Strong Dollar and Low Oil Prices Affect Economy, But Non-Oil Exports See Uptick
- June 2,2015
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- SUSTG Team
Jadwa Investment’s June 2015 Saudi Chartbook, a detailed look at key economic performance data for the Kingdom’s economy, finds negative net monthly change to government accounts, slowing bank credit to the private sector reaching year-on-year growth is at its lowest in four years, and falling bank deposits. However, following seven months of slowdown, inflation remained unchanged for April […]
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Photos: King Salman Urges More ‘Support to Investment and Investors in the Kingdom’ at High-Level Business Gathering
- May 28,2015
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- SUSTG Team
In a focus on investment forum in Saudi Arabia, Custodian of the Two Holy Mosques King Salman spoke to leading business leaders and government officials at Al-Salam Palace on Wednesday and asked them to encourage “businessmen to invest in the Kingdom where the climate is conducive for business and where everyone gets a fair opportunity” and to […]
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Saudis Keep Up Production at High Levels to Drive Out U.S. Shale ‘with OPEC Backing’, Bloomberg Says
- May 27,2015
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- SUSTG Team
Bloomberg’s Grant Smith and Maher Chmaytelli write that Saudi Arabia will continue to push for high output levels in order to beat back U.S. shale at an OPEC semiannual meeting on June 5th, and will have OPEC backing to do it, extending a strategy that Saudi Arabia and OPEC see as working. The decision by […]
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MoE, SAMA to Provide 5,000 Scholarships and Jobs to Saudi Students
- May 26,2015
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- SUSTG Team
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 […]
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Saudi Arabia Seeks Sikorsky MH-60R Helicopters, First Military Sale Request from a Gulf State Since Camp David Summit
- May 22,2015
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- SUSTG Team
The Royal Saudi Navy is seeking to purchase 10 Sikorsky MH-60R Sea Hawk helicopters as part of its naval expansion program, the first military purchase since the U.S.-GCC summit last week in Washington, Defense News reports. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia […]
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SACM Career Fair and Graduation Ceremony Begins Tomorrow as Saudi Students Converge in D.C.
- May 21,2015
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- SUSTG Team
This weekend, thousands of Saudi students and their families will converge in the Washington, D.C. area at the Gaylord National Harbour hotel for the 2015 SACM Career Fair and Graduation ceremony, a unique and impressive celebration of the accomplishments of Saudi Arabia’s future workforce. Saudi Arabia’s King Abdullah Scholarship Program (KASP) sends over 100,000 Saudi […]
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MUST-READS
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Vision 2030Saudi Arabia, a kingdom built on oil, plans a future beyond it
Many of the reforms in Vision 2030 have been discussed before, but they suddenly seem pressing. The kingdom’s population has soared 50 percent since 2000, with large numbers of young people unemployed.
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Saudi Oil PolicySaudi Oil Exports Drop to 2015 Low as Kingdom Sticks to Cuts
Saudi Arabia, the world’s largest crude shipper, trimmed exports to a 21-month low in February as local refineries took advantage of more abundant supplies and processed a record amount of crude.
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MosulIraqi forces making new push toward Old City in Mosul
Iraqi forces launched a new attack on Islamic State in Mosul's Old City on Sunday, military officials said, trying to break the stalemate in attempts to seize the militants' last stronghold.
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Foreign Students in the U.S.College applications from international students are taking a hit
The political climate in the United States could cost colleges and universities this fall when it comes to a valuable part of the student population: international students.
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Sultan Bin SalmanSaudi youths remain king’s primary concern, says Prince Sultan
Speaking to the attendees, the prince recalled how King Fahd had tasked him to visit students studying on scholarships in the US in the late 1970s and how he held meetings with large groups of students and submitted a series of recommendations to the king, who ordered that they be speedily implemented.
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Dina Ali LasloomSaudi woman seeking asylum ‘forcibly’ returned home
Social media users are rallying behind a Saudi woman who claims she was forcibly returned to the kingdom by her family as she tried to seek asylum in Australia.
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Saudi-AsiaDuterte meets with Saudi king on trade, security
President Duterte and Saudi Arabia King Salman Abdulaziz Al Saud have agreed to boost their cooperation on trade and security on Wednesday in an engagement described as "a meeting between friends."
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Middle East PeaceJordanian king, Sisi meet in Washington over Middle East peace process
Egyptian President Abdel Fattah Al-Sisi met with Jordanian King Abdullah II in Washington on the margins of their meetings with US President Donald Trump to discuss the Middle East peace process, Turkish state-owned Anadolu reported on Tuesday.
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Women's RightsSaudi women in silent walking protest over right to drive in the Kingdom
Women campaigners in Saudi Arabia have filmed themselves silently walking in the street without male companions as part of their fight for the right to drive.
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Oil SupplySeeking higher revenues, Saudi sets out stall for light crude
Despite OPEC's oil output curbs, Saudi Arabia has been offering its customers more light crudes while cutting heavy grades, a trend that could increase as the kingdom wants to maximize revenue and needs more heavy oil to power its own refineries.
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