Recent stories from sustg

• 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 […]

   
• 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 […]

   
• 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 […]

   
• #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 […]

   
• 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 […]

   
• 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, […]

   
• 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 […]

   
• 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 […]

   
• 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 […]

   
• 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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