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Sfakianakis: “The choices now being made stand to alter the face of the kingdom”
- May 20,2015
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- SUSTG Team
In a opinion piece in the London-based Financial Times (paywall), veteran banker in Saudi Arabia Dr. John Sfakianakis writes that tough decisions loom for the Kingdom’s leaders with regard to oil and energy use. “When your income is cut in half, it helps to have a few dollars on hand, but even then you will have to […]
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After Crown Prince Visit, 12,000 Saudi Students in the U.S. Added to King Abdullah Scholarship Program
- May 19,2015
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- SUSTG Team
Custodian of the Two Holy Mosques King Salman approved on Thursday, May 14 the inclusion of 12,000 additional male and female Saudi students studying in the US at their own expense in the government’s King Abdullah Scholarship Program (KASP), according to reports. The inclusion came at the request of Crown Prince Mohammed bin Naif following […]
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President Obama Hosts GCC Leaders to Camp David, Offers ‘Ironclad’ Security Commitment
- May 15,2015
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- SUSTG Team
President Barack Obama hosted a summit of GCC member states in Camp David this week to shore up U.S. security support for external threats to Gulf Nations and discuss the Administration’s nuclear deal with Iran. Saudi Arabia’s Foreign Minister Adel Al-Jubeir called the U.S.-Gulf Cooperation Council (GCC) summit at Camp David “unprecedented” and said the day had brought U.S.-Gulf […]
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Busy First Day in Washington for Visiting Saudi Crown Prince Mohammed bin Nayef, Deputy Crown Prince Mohammed bin Salman and Foreign Minister Adel Al-Jubeir
- May 14,2015
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- SUSTG Team
U.S. President Barack Obama met in the Oval Office with Saudi Arabia’s Crown Prince Mohammed bin Nayef, Deputy Crown Prince Mohammed bin Salman, and Foreign Minister Adel Al Jubeir on Wednesday ahead of a wider summit with senior Gulf Arab officials. U.S. Vice President Joe Biden and U.S. Ambassador to the U.N. Susan Rice also […]
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Saudi Arabia’s King Salman to Miss US-GCC Summit, Crown Prince Mohammad Bin Naif to Attend
- May 11,2015
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- SUSTG Team
Saudi Foreign Minister Adel bin Ahmed Al-Jubeir announced today that Crown Prince Mohammad bin Naif, Deputy Prime Minister and Minister of the Interior, will lead the Saudi delegation to the United States-GCC Summit, according to a Press Release issued by the Royal Embassy of Saudi Arabia in Washington. “The Custodian of the Two Holy Mosques King Salman bin Abdulaziz deputized […]
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Saudi Foreign Minister Adel Al-Jubeir, Secretary of State John Kerry Jointly Announce Proposed 5-Day Cease Fire in Yemen; Meet Again Today in Paris
- May 8,2015
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- SUSTG Team
Saudi Arabia’s Foreign Minister Adel Al-Jubeir and Secretary of State John Kerry announced on Thursday a proposal for a 5-day ceasefire in Yemen to conduct humanitarian missions in a joint press conference in Riyadh. After the truce was proposed, Saudi Arabia intensified its airstrikes against the main Shiite rebel stronghold in Yemen, with warplanes carrying […]
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Secretary Kerry Visits Riyadh, Meets with King Salman, New Saudi Leadership
- May 7,2015
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- SUSTG Team
Secretary of State John Kerry arrived in Riyadh on Wednesday to meet with GCC leaders and visited separately with King Salman, Crown Prince Mohammed bin Nayef, Deputy Crown Prince Mohammed bin Salman, and Minister of Foreign Affairs Adel Al-Jubeir in a bid to bolster U.S.-Saudi ties and work toward a cease-fire in Yemen, according to […]
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Oil’s Price Reaches 2015 High Ahead of Speculation on Saudi Output Cuts
- May 6,2015
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- SUSTG Team
Oil reached a 2015 high on Monday as Brent hit $67.10 a barrel, a sign of an oil price rebound fueled by regional chaos, global demand increases, and speculation of looming cuts in Saudi output. “No one can set the price of oil – it’s up to Allah,” Saudi Arabia’s Minister of Petroleum and Natural Resources Ali Al […]
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Secretary of State John Kerry Praises Outgoing Saudi FM Saud Al-Faisal, Welcomes Opportunity to Work With Adel Al-Jubeir
- May 1,2015
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- SUSTG Team
Secretary of State John Kerry said in a statement that Prince Saudi will be “greatly missed” in the world of international diplomacy and that the Secretary looks forward to continuing to work closely with his successor, Saudi Ambassador to the United States Adel Al-Jubeir. “During four decades at the highest levels of international diplomacy, Foreign Minister […]
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Investigating Consumer Awareness of Energy Efficiency in Saudi Arabia
- April 30,2015
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- SUSTG Team
One of Saudi Arabia’s leading national challenges is soaring energy consumption. As one of the world’s largest oil producers, Saudi Arabia keeps domestic energy prices low through subsidies, and as a result the Kingdom is threatened by unrestrained domestic fuel consumption which has increased by more than 30% since 2000. A new research paper by Samar Khan, Hafez […]
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MUST-READS
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Cyberattacks in Saudi ArabiaTechnical disruptions ‘ongoing’ at Saudi banking major
Online banking systems at Saudi Arabia’s Samba Financial Group remain disrupted days after the bank suffered a “technical issue” that prevented customers from accessing its services over the weekend, according to social media reports.
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Saudi Aramco IPOSaudi Aramco’s IPO Financial Advisers Have Deep Ties to Kingdom, Industry
Saudi Arabian Oil Co., better known as Saudi Aramco, has lined up the banks that will lead what's expected to be the biggest initial public offering in history next year -- one of which has a direct tie to the oil behemoth and the Kingdom of Saudi Arabia.
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Arab SummitSaudi King says Syrian subjected to ‘killing’ urges U.N. based political deal
In a short speech at the opening of the Arab Summit, the Saudi monarch, whose country has backed rebels fighting to topple Syrian President Bashaw al Assad, said the Syrian people were subjected to "killing and displacement" but did not refer to Assad.
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King Salman in AsiaSaudis Thinking Beyond Oil in Asia Courtship
Logistics is a key part of Saudi Arabia’s Vision 2030, with the nation seeking to raise its global logistics ranking to 25 by 2030 from 52 in 2016. More than 10 percent of global maritime trade passes through the Red Sea each year.
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Saudi-AsiaSaudis Thinking Beyond Oil in Asia Courtship
King Salman bin Abdulaziz's trip to Asia has been characterized as either a routine visit to bolster the already strong trading ties between Saudi Arabia and Asia, an effort to diversify ties away from the U.S. or as a way to attract investments into Saudi Arabia and promote its own. The reality is that it's a combination of all the above.
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Global Energy MarketsStriking a Balance in Oil and Gas
Squeezed by smaller capital budgets, cut by 60 percent down to $200 billion in the past two years, oil and gas companies are prioritizing investments that provide near-term cash flow over longer-term, technology-enabled plays.
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King Salman in AsiaThe king gives Saudi Arabia’s reform push a helping hand
Knowing Saudi Arabia cannot end decades of oil dependence overnight, the royal trip -- which kicked off in February and took in Malaysia, Indonesia, Brunei, Japan and China -- also looked to secure new oil buyers among fast-growing Asian economies.
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Anti-ISIS CampaignRemarks at the Ministerial Plenary for the Global Coalition Working to Defeat ISIS
Degradation of ISIS is not the end goal. We must defeat ISIS. I recognize there are many pressing challenges in the Middle East, but defeating ISIS is the United States number one goal in the region. As we’ve said before, when everything is a priority, nothing is a priority. We must continue to keep our focus on the most urgent matter at hand.
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IsraelAfter Saudi king, China warmly welcomes Israel’s prime minister
China welcomed Israeli Prime Minister Benjamin Netanyahu on Monday just days after hosting Saudi Arabia's King Salman and the signing of deals worth as much as $65 billion with Riyadh, as China steps up its tentative engagement with the Middle East.
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King Salman in AsiaSaudi king’s Asia tour trumpets Aramco’s moves downstream
The string of deals inked on his three-week tour to Malaysia, Indonesia, Japan and China also point to a fresh strategy, one to increase Saudi leverage over refined product and petrochemical markets, known as the downstream sector.
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