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Recent stories from sustg
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New Homeland Security Decision Allows Saudi Students to Stay in U.S. for 3 Years By Getting On the Job Training
- March 30,2016
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- SUSTG Team
The United States Department of Homeland Security (DHS) recently published a new rule allowing F1 students the opportunity to stay in the country longer “by getting training on the job at some companies for a period of 36 months,” according to a report in Arab News and information posted to the DHS website. According to DHS, […]
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What Will Be Saudi Arabia’s Next Tourist Destination?
- March 24,2016
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- Lucien Zeigler
Saudi Arabia’s King Abdullah Economic City (KAEC) attracted more than 100,000 visitors last year, a sign that the planned mega city about 100 miles north of Jeddah on the Red Sea might become Saudi Arabia’s next domestic tourist destination. Although Saudi citizens typically flock to Dubai, Bahrain, or elsewhere abroad for leisure trips, that might […]
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In Bid to Boost Transparency, Saudi Regulators Require International Banks to Disclose Financial Statements
- March 21,2016
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- SUSTG Team
Saudi Arabia’s Capital Markets Authority (CMA) is instructing international banks to publicly disclose financial statements for the first time as the kingdom seeks to boost transparency, according to a report in Bloomberg. The Bloomberg report says that companies under the regulation of the CMA in Saudi Arabia must publish the financial information on their websites […]
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Surge in Flights from Saudi Airports as Kingdom’s Aviation Sector Booms
- March 15,2016
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- Lucien Zeigler
Saudi Arabia’s airports have seen a “substantial growth in international traffic” as the number of international flight services from the Kingdom’s airport surges 50% since last year. The number of international flight services from the domestic airports jumped by 51.5 percent to 26,361 at the end of 2015 from 17,405 in 2014, according to a […]
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Construction Payment Delays Draw International Attention, Report Says
- March 8,2016
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- SUSTG Team
Foreign governments are pressing both government authorities and company executives in Saudi Arabia “to ensure that local construction firms make delayed salary payments to thousands of workers, a sign of pressure on the kingdom’s economy due to low oil prices,” according to a Reuters report. Construction firms in Saudi Arabia are have been squeezed as […]
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Saudi Arabia Eyes Privatization of Power, Opening Opportunities for International Power Companies
- March 4,2016
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- SUSTG Team
Saudi Arabia is heading towards privatizing the electricity sector and “shifting towards solar and alternative energy in the framework of its efforts to reduce the use of fossil fuels in production rates,” according to a report in Asharq Al-Awsat citing “informed sources.” The Saudi Electricity Company plans to “split into four units with local and […]
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More than 50 Members of U.S. GOP ‘Foreign Policy Community’ Write Open Letter Calling Donald Trump Unfit for Office
- March 3,2016
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- Lucien Zeigler and Richard Wilson
An open letter signed by over 50 members of the Republican foreign policy community, including former Department of Homeland Security Secretary Michael Chertoff and former Deputy Secretary of State Robert Zoellick, has called Donald Trump unfit for office and pledged to work to stop him from receiving the Republican nomination. “We the undersigned, members of […]
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Nitaqat Effort Suffers Setback: 2015 was the ’Slowest Annual Increase on Record for Saudi Net Employment’ as Most New Jobs Still Going to Non-Saudis
- March 1,2016
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- SUSTG Team
A recently released Jadwa Investment report on Saudi Arabia’s labor market found little headway being made in Saudi Arabia’s goal of increasing employment of Saudis. According to Jadwa Investment, although Saudi Arabia’s unemployment rate fell slightly from 11.7 percent in 2014 to 11.5 percent in 2015, “of these positions, 368 thousand (or 88 percent) […]
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Saudi Central Bank Announces an ‘Affordable Mortgage’ Program Intended to Boost Housing Sector
- February 29,2016
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- SUSTG Team
Saudi Arabia’s central bank said in a statement it plans to launch an “affordable mortgage” program to finance residential real estate purchases by Saudi citizens, according to reports. Home buyers would be responsible for a down payment of 15 percent of the property’s value, and commercial banks would supply a further 70 percent. An additional […]
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‘Saudi Student Boom’ for U.S. Colleges and Universities may be Slowing as Scholarship Program Evolves
- February 25,2016
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- SUSTG Team
A number of reports have indicated that the popular King Abdullah Scholarship Program (KASP) that has placed hundreds of thousands of Saudi students at academic institutions all over the world is being reviewed and can anticipate significant changes with regard to the program’s size and scope. In 2014 over 207,000 Saudi students and dependents were […]
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War in YemenU.S. sees mounting evidence of Houthi role in strike on U.S. warship
The United States is seeing growing indications that Iran-allied Houthi rebels, despite denials, were responsible for Sunday's attack on a Navy destroyer off the Yemen coast, U.S. officials told Reuters.
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Iran SanctionsU.S. Loosens Iran Sanctions to Smooth Dollar Transactions
The U.S. Treasury Department is loosening sanctions on Iran, relaxing rules on foreigners doing dollar-denominated transactions with businesses in the nation.
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AfghanistanDozens of Afghan soldiers have gone AWOL in the U.S. in the past two years
Forty-five Afghan soldiers have disappeared in the United States during training on U.S. military installations in the past two years, Pentagon officials said Thursday, exposing a hole in security as many presumably stay in the country illegally and avoid returning to their military assignments.
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SyriaU.S. Planes in the Sights of Newly Deployed Russian Missiles, Moscow Warns
Russia is warning the United States that any attacks on Syrian-government held territory would be tantamount to an attack on Russian servicemen, heightening tensions between Washington and Moscow that have already reached post-Cold war highs, and coming just a week after the collapse of a ceasefire in the Syrian carnage.
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Refugees to U.S.U.S. admits record number of Muslim refugees in 2016
A total of 38,901 Muslim refugees entered the U.S. in fiscal year 2016, making up almost half (46%) of the nearly 85,000 refugees who entered the country in that period
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Israeli SettlementsU.S. condemns new Israeli plan on settlements: State Department
The United States strongly condemned Israel's decision to advance a plan for a new settlement deep in the West Bank, the State Department said on Wednesday, saying it would damage prospects for a two-state solution.
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Intelligence CollectionYahoo secretly scanned customer emails for U.S. intelligence – sources
Yahoo Inc last year secretly built a custom software program to search all of its customers' incoming emails for specific information provided by U.S. intelligence officials, according to people familiar with the matter.
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Drone StandardsArmed Drone Export Standards Sought by U.S. and Dozens of Allies
The Obama administration is working with as many as 40 nations to develop principles for the export of armed drones --- and unarmed versions configured to carry weapons -- in recognition of the booming demand worldwide for pilotless aircraft.
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SyriaU.S. abandons efforts to work with Russia on Syria
U.S.-Russia relations fell to a new post-Cold War low Monday as the Obama administration abandoned efforts to cooperate with Russia on ending the Syrian civil war and forming a common front against terrorists there, and Moscow suspended a landmark nuclear agreement.
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JASTA AftermathCommentary: What JASTA will mean for U.S.-Saudi relations
The biggest loser in the JASTA self-inflicted wound will be Obama’s successor. Hillary Clinton supported the bill and the override, and the Saudis won’t forget that.
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