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Prince Muhammad bin Naif Meets with Obama, Biden at White House as Republican U.S. House Majority Leader McCarthy Visits Saudi Arabia
- December 15,2014
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- SUSTG Team
U.S. House of Representatives majority leader Kevin McCarthy met in Riyadh with Crown Prince Salman and Deputy Crown Prince Muqrin, the Saudi Press Agency reported. The visit comes on the heels of Prince Mohammed bin Naif’s meetings in Washington last week. The Minister of Interior of the Kingdom of Saudi Arabia met with several officials in the […]
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John Kerry’s Remarks at U.S. Chamber of Commerce Middle East Commercial Center Leadership Dinner
- December 12,2014
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- SUSTG Team
In an energetic and wide-ranging speech delivered to guests attending the Middle East Commercial Center Leadership Dinner on Monday night at the U.S. Chamber of Commerce, Secretary of State John Kerry praised the work of the Center and the development of business relationships between the United States and the Middle East region. Secretary Kerry shared […]
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HRH Saudi King Abdullah Donates $104M for Syria Food Aid following World Food Program Shortfall
- December 11,2014
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- SUSTG Team
The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz contributed $104 million to the World Food Program (WFP) to help meet an urgent need for funding to continue food distribution to millions of refugees sheltering in countries neighboring Syria, in Ethiopia and in Kenya, the Embassy said in a press release. “The contribution […]
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#SaudiTBT: The Father of the Saudi Arabian National Guard HRH King Abdullah bin Abdulaziz in 1962
- December 9,2014
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- Richard Wilson
HRH Miteb Bin Abdullah, Minister of the Saudi Arabian National Guard (SANG) and the third oldest son of Saudi Arabia’s King Abdullah Bin Abdulaziz, recently visited Washington to meet with President Obama and other senior officials to discuss strengthened bilateral cooperation between the U.S. Department of Defense and SANG. The National Guard is one […]
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Jadwa Investment: Oil Market Dynamics and Saudi Fiscal Challenges
- December 8,2014
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- SUSTG Team
After a significant drop in oil’s price on international markets since July 2014, the impact on the Kingdom of Saudi Arabia’s budget and fiscal policy is assessed in Jadwa Investment just-released research note. Head of Research Dr. Fahad Alturki notes that the recent decision not to cut output by OPEC “adds further uncertainty not only on the global […]
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As Oil Dips Below $70, American Producers Wonder Where the Bottom Is and Eye an End to Export Ban
- December 8,2014
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- Lucien Zeigler
The second half of 2014 has been a lively period for the U.S. shale industry. Fueled by new technologies and a soaring oil price, everyone from upstart producers to big oil were taking advantage of new production opportunities in United States in shale deposits. Over the last year, the U.S. alone accounted for 82% of non-OPEC production growth, […]
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With Houthi Gains in Yemen, Saudi Reportedly Pulls Aid
- December 5,2014
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- SUSTG Team
Saudi Arabia has suspended most of its financial aid to Yemen in “clear indication of its dissatisfaction with the growing political power of Shi’ite Houthi fighters friendly with Riyadh’s regional rival, Iran,” according to a Reuters report. “Soon after Houthi fighters took over the capital Sanaa in September, Saudi Arabia promptly suspended much of that […]
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Jadwa Chartbook: Saudi Economic Data Show ‘Signs of Cooling’ in Economy
- December 3,2014
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- SUSTG Team
Jadwa Investment’s latest Chartbook monthly economic report said the Saudi economy showed signs of cooling with the non-oil Purchasing Managers Index (PMI) dipping lower following a 39-month peak in the previous month. Data on consumer spending also showed a seasonal decline, according to the Jadwa Investment report. Additionally, “bearish oil markets continued to affect sentiment […]
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Smartphone Generation: The Overnight Mobile Internet Revolution in the MENA Region
- December 1,2014
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- Khaldoon Tabaza
What is the single indicator related to the online market opportunity in the United Arab Emirates and Saudi Arabia that beats all other developed and developing countries? Just take a look at people in coffee shops, malls, or even at family gatherings, you’ll notice immediately that everyone has a smartphone. To be specific, 74% of […]
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After Meetings with Obama and the Pentagon, Saudi Prince Miteb Bin Abdullah Touts US-Saudi Military Cooperation
- November 24,2014
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- SUSTG Team
Saudi Arabia’s visiting National Guard Minister, Prince Miteb bin Abdullah, visited Washington, D.C. last week in a push to “strengthen bilateral cooperation in various sectors, especially between the Defense Department and the Saudi National Guard,” according to reports in the Arab News and the Eurasia Review. Additionally, Miteb said that Saudi Arabia will receive Black Hawk […]
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MUST-READS
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Saudi-KuwaitSaudi king’s Kuwait visit hopes to revive joint oilfield
Saudi King Salman is to visit Kuwait next week as hopes rise in the emirate of a resumption of production from a jointly-run oilfield after a two-year shutdown.
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Ras al-KhairSaudi king showcases mining hub in push to move beyond oil
Saudi Arabia's King Salman underlined the kingdom's intention to invest heavily in speeding up is diversification away from oil exports with the inauguration on Tuesday of a $35 billion mining and minerals processing complex.
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King SalmanSaudi King Salman meets with Sunni, Shiite clerics
The meeting with clerics and religious leaders on Sunday came as the king was visiting the region in order to launch several mega projects aimed at development in the fields of housing, culture and knowledge.
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SadaraKing Salman to Inaugurate World’s Largest Petrochemical Project
The Saudi Aramco joint venture with Dow Chemical Co. and is located at the Persian Gulf port of Jubail in Saudi Arabia’s Eastern Province.
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King Abdullah PortKing Abdullah Port crucial to propel Saudi shipping industry
Run by the Ports Development Company, King Abdullah Port is the Kingdom’s first port to be fully owned, developed and operated by the private sector.
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King SalmanKingdom witnessing social, economic renaissance: King
We are confident in the capabilities of Saudi citizens, and are pinning great hopes on them that they would be fully aware of their responsibility toward the nation building process.”
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PakistanMilitants kidnap six Pakistanis working for Polish oil firm
Six Pakistanis working for a Polish oil and gas surveying company have been kidnapped in northwestern Pakistan, military sources told Reuters, years after a Polish engineer from the same company was beheaded by Pakistani militants.
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GCC CitizenshipTo silence dissidents, Gulf states are revoking their citizenship
Laws which once permitted the removal of citizenship only for treason (or if people acquired a second nationality) are now much broader.
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SecurityFour charged with plotting to assassinate late Saudi king, media says
Four suspected al Qaeda members have gone on trial accused of plotting to assassinate the late King Abdullah of Saudi Arabia, newspapers in the kingdom reported on Tuesday.
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Israel-PalestineAIPAC Quietly Removes Two-State Solution From Peace Process Talking Points
The website of the American Israel Public Affairs Committee (AIPAC) has removed a reference to the two-state solution from the page on its website devoted to the peace process.
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