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Saudi MCI Proposes New E-Commerce Law
- February 9,2015
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- SUSTG Team
Saudi Arabia’s Ministry of Commerce and Industry has proposed a new draft e-commerce law to govern online transactions in the Kingdom. The eCommerce market share in Saudi Arabia will hit $13.3 billion in 2015, so a new law, if passed, would help to regulate the growing industry. According to the website Tfour.me, Saudi Arabia’s online retail […]
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A Transitioning Kingdom of Saudi Arabia: SUSRIS Interviews Theodore Karasik
- February 6,2015
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- SUSTG Team
This week, SUSRIS featured in two parts a wide-ranging interview with Dr. Theodore Karasik in which the expert discussed the recent transition in Saudi Arabia and the implications for regional and global affairs. Karasik, based in Dubai as a Senior Advisor to Risk Insurance Management and formerly Director of Research and Development at the Institute for […]
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U.S. Merchandise Exports to MENA Slowing, But Still Record-Breaking in 2014, NUSACC Finds
- February 6,2015
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- SUSTG Team
A recently released study of government data by the National U.S.-Arab Chamber of Commerce (NUSACC) found another record-breaking year for American exports to the MENA region, but growth slowed in 2014 in what the organization called mixed results. NUSACC: “Exports of U.S. goods to the Middle East and North Africa (MENA) region set a new […]
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Saudi Arabia’s Golden Opportunity to Reform Energy Subsidies
- February 5,2015
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- Lucien Zeigler
With low oil prices, Saudi Arabia and other energy producers that subsidize domestic prices have a golden opportunity to reform those schemes. Will they? According to an IMF official in remarks made last year, Gulf states spent an average of 10% of GDP subsidies in 2013, a total of $160 billion annually. As a whole, the Middle East and North Africa region accounts for nearly […]
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With Regional Challenges Mounting, Prominent Saudi Journalist Calls for ‘Saudi-American-Turkish Cooperation’ for Stability in the Middle East
- February 4,2015
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- SUSTG Team
Saudi Arabia’s foreign policy is in focus following the death of King Abdullah and the new leadership under King Salman. Although King Salman kept on Prince Saud al Faisal as Minister of Foreign Affairs, and headlines in Saudi newspapers proclaimed that foreign policy under King Salman would not change, challenges in the region are evolving […]
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Ashmore: New Saudi State Spending Announced Under King Salman Estimated at $32.3b
- February 3,2015
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- SUSTG Team
In a recently released note from Ashmore Group, the investment firm estimated new spending announced by King Salman at $32.3 billion, with 80% of that as current spending and $5.3 billion in capital expenditure over several years. The figure, an estimate, noted that this new expenditure comprises 4.4% of estimated Saudi GDP at $732 billion. “The majority […]
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Saudi Prince Alwaleed’s Alarab Newschannel Launches, Then Goes Dark After Controversial Interview
- February 2,2015
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- SUSTG Team
Saudi Prince Alwaleed’s long anticipated news channel Alarab launched on Sunday, but only one day later went dark after airing an interview with a Bahraini opposition leader, according to reports. The AP reports that the Alarab television station said on its official Twitter feed “that coverage was halted for ‘technical and administrative reasons,’ and that it […]
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King Salman Restructures Government with Major Changes to Ministers and Other Government Bodies
- January 30,2015
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- SUSTG Team
Yesterday, Saudi Arabia’s new King Salman issued a series of royal decrees that restructure the government ministers, “eliminating numerous government bodies, establishing new government bodies and merging the Ministry of Higher Education and the Ministry of Education and much more,” SUSRIS reports. Of the 8 Minsters that were appointed by King Abdullah less than two months ago, […]
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Saudi Arabia’s First Social Media King Salman Nets More than 450k Followers on Twitter Since Ascending to Saudi Throne
- January 29,2015
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- SUSTG Team
The citizens of the Kingdom of Saudi Arabia are some of the most active social media users in the world. Roughly 20% of the country is on Twitter and 25% is on Facebook, according to Statista. Upon King Abdullah’s passing, then Crown Prince Salman became Saudi Arabia’s first King to use social media publicly – […]
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Sfakianakis: Passing of King Abdullah and Advent of King Salman a ‘Time of Continuity’ in Oil Policy
- January 27,2015
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- SUSTG Team
Writing in MEES, a Middle East oil and gas weekly magazine, Saudi finance expert Dr. John Sfakianakis says that the transfer of power from King Abdullah to King Salman is likely to represent a continuation of Saudi oil policy, particularly with respect to production levels. “The passing of King Abdullah and the advent of King Salman […]
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MUST-READS
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DasmanWhy was a truck gifted to Saudi Arabia’s King Salman?
King Salman remembered this type of truck well and told me that they used them for transporting horses and that at the time they used to learn how to drive them in a desert close to Riyadh,” he added.
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Tillerson Phone CallSaudi King Salman receives phone call from US secretary of state
King Salman began the conversation by congratulating Tillerson who in turn applauded Saudi Arabia’s efforts in promoting stability across the region, a statement on Saudi Press Agency confirmed.
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OPEC CutsSaudi Arabia is taking on the burden of OPEC’s oil cuts
OPEC members appear to be complying with agreed production cuts, but Saudi Arabia is overcompensating for some of its fellow oil producers.
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Saudi-Bahrain CausewayKing Fahd Causeway to undergo expansion to double capacity
Under new engineering designs, the number of arrival lanes would be increased from 17 to 33 to be able to accommodate the ever-growing traffic and influx of passengers on the causeway.
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Anti-ISIS CampaignIs ISIS Breaking Apart?
Others, such as Colin Clarke and Chad Serena, see the dynamic as more problematic, one that could possibly lead to the emergence of smaller, and potentially more extreme groups—thereby making an already long war even longer.
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ME M&AHealthy 2016 for Middle East cross-border deal making, despite global dip
Global cross-border M&A activity dipped slightly in 2016 compared to the previous year, as a result of turbulent and unpredictable global events, but the Middle East saw robust cross-border M&A activity, particularly on inbound deals, according to Baker McKenzie's Cross-Border M&A Index*.
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Social MediaSaudi prince solves excess baggage problems – by booking his 80 hawks on a flight
Although airlines make a point of stating their hold and hand luggage allowances, we've all got it wrong at some point.
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Janadriya Heritage FestivalKing Salman to open Janadriya heritage festival on Wednesday
Custodian of the Two Holy Mosques King Salman will inaugurate the 31st national heritage and culture festival in Janadriya, near Riyadh, on Wednesday.
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Muslim BrotherhoodBin Laden ties with Muslim Brotherhood discussed by King Salman, Trump
The two also discussed the Muslim Brotherhood, the senior Saudi source said, adding in a reference to the late al-Qaeda leader: "It was mentioned that Osama bin Laden was recruited at an early stage" by the organization.
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Global Oil MarketsIEA does not foresee oil demand peaking soon, Birol says
The International Energy Agency (IEA) does not expects oil demand to peak any time soon due to rising consumption in developing economies, Director Fatih Birol said on Monday.
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