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Fire at Saudi Aramco Residence Complex Kills 10, Hundreds Injured; Cause of Fire Unknown
- August 31,2015
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- Lucien Zeigler
A fire broke out at a housing complex for Saudi Aramco workers in the eastern city of Khobar, killing 10 people and injuring hundreds, according to reports. The cause of the fire is not yet known, but the BBC reports that Saudi Aramco has begun an investigation into the cause. According to Reuters, Saudi Arabia’s […]
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King Salman’s Visit to United States Follows Years of U.S.-Saudi Bi-Lateral Diplomacy
- August 27,2015
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- SUSTG Team
Saudi Arabia’s King Salman is set to meet with President Obama on September 4, 2015, the first visit by a Saudi head of state since King Abdullah in September of 2010. This is the second time President Obama and King Salman will meet in person this year and follows a busy 2015 for bi-lateral meetings between the […]
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Sfakianakis on Bloomberg: How Much Longer Can Saudi Arabia’s Economy Hold Out Against Cheap Oil? – Video
- August 21,2015
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- SUSTG Team
With economists predicting a budget deficit of as much as 20 percent of GDP this year and the IMF forecasting the first Saudi current-account deficit in more than a decade, Saudi Arabia faces tough fiscal policy choices ahead as the price continues to stay low. Saudi finance expert and Ashmore Group Middle East Director John Sfakianakis spoke with Bloomberg […]
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Saudi-led coalition pounds key Yemen port as violence escalates on both sides of the border
- August 18,2015
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- SUSTG Team
Saudi-led coalition warplanes pounded a key supply city for the Houthi forces in Yemen as the Hadi-backed fighters continue to rely on recently introduced military equipment to make gains in the ongoing conflict. Warplanes hit the Houthi-controlled Red Sea port of Hodeida on Tuesday, destroying cranes and warehouses in the main entry point for aid supplies […]
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Saudi Drawdown on Reserves Continues, but Slows to Lowest in 8 months – Jadwa Chartbook
- August 12,2015
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- SUSTG Team
Saudi Arabia continued to drawdown on reserves in June, but at the lowest rate in 8 months, according to a recently released report by Jadwa Investment. Riyadh-based Jadwa found net withdrawals from Saudi government accounts fell to their lowest point in eight months, with $3 billion of net withdrawals in June while foreign reserves fell by $7.6 billion […]
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‘ISIS Offshoot’ Claims Responsibility for Terrorist Attack in Asir as Images Emerge of Aftermath
- August 7,2015
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- SUSTG Team
An alleged new branch of ISIS in Saudi Arabia has claimed responsibility for an attack that targeted a mosque used by police special forces in the kingdom’s southwest, according to latest reports. The suicide bomber attacked a mosque inside a local security force headquarters in Abha, the capital of Saudi Arabia’s south western province of Asir, […]
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Saudi Stock Market Faces Tough July: Value of Shares Traded Tumbles 25% but Market Seen As ‘Resilient’
- August 4,2015
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- SUSTG Team
The kingdom’s Tadawul All Share Index has retreated 4.2 percent since the end of June as value of shares traded for July decreased 25 percent over the previous month, according to reports. However, compared with the significant drop in Brent Crude oil of 21 percent in that period, the market has “shown its mettle” in what […]
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In Egypt, Deputy Crown Prince Mohammed Bin Salman Signs ‘Declaration of Cairo’ as Ties Strengthen
- July 31,2015
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman and Egypt’s President Sisi signed the “Declaration of Cairo,” a document said to “reinforce the strategic alliance between Egypt and Saudi Arabia,” according to reports. The pact aimed at boosting military and economic ties between the two Arab allies “stressed the need to exert all efforts to boost security […]
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Promising Breakthrough in MERS Vaccine as Infections Continue in Saudi Arabia
- July 29,2015
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- SUSTG Team
Two different animal studies yielded promising findings about a two-step vaccine strategy against the MERS-CoV virus, according to reports, as Saudi Arabia and South Korea continue to battle the disease. According to the Saudi Gazette and agencies, “vaccinated mice produced antibodies that neutralized MERS strains, according to a study from the US National Institute of […]
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Is SABIC Looking to Invest in U.S. Shale?
- July 27,2015
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- SUSTG Team
SABIC CEO Yousef al Benyan said the company is looking to expand its interests in U.S. shale gas through joint venture projects, according to a report in Bloomberg. SABIC has signed an agreement with Houston, Texas-based Enterprise Products Partners L.P. to get shale gas, according to the report, to be used in the United States or […]
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AfghanistanU.S. service member killed in Afghanistan’s Helmand province
A U.S. service member was killed in Afghanistan’s restive Helmand province Tuesday after his patrol triggered a roadside bomb. The blast also wounded another American and six Afghan soldiers.
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U.S. MilitaryPentagon warns Syria not to fly over U.S. and partner forces
The U.S. military veered toward declaration of a no-fly zone in Syria Monday, but stopped short of using the controversial term that would set the stage for a direct confrontation with the Syrian air force.
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U.S. Embassy in Saudi ArabiaU.S. Mission Saudi Arabia launches its Snapchat account
The United States mission in Saudi Arabia has created its Snapchat account as part of its social media channels (Twitter, Facebook, , Youtube, and Instagram).
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War in YemenU.S. withdraws staff from Saudi Arabia dedicated to Yemen planning
Fewer than five U.S. service people are now assigned full-time to the "Joint Combined Planning Cell," which was established last year to coordinate U.S. support, including air-to-air refueling of coalition jets and limited intelligence-sharing, Lieutenant Ian McConnaughey, a U.S. Navy spokesman in Bahrain, told Reuters.
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Cyber AttacksKaspersky: U.S. Caught Up in Advanced Cyberattacks Largely Affecting Middle East
A new wave of cyberattacks largely hitting the Middle East and Europe is also affecting pharmaceutical and engineering industrial organizations in the United States, according to a post from Mohamad Amin Hasbini, a senior security researcher at Kaspersky Labs.
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Syria: American AttitudesPoll: Most Americans support U.S. military action in Syria — but only want a limited amount
While they may favor some U.S. military action in the country, they oppose sending combat troops, arming anti-government groups or negotiating a peace agreement with Syrian President Bashar al-Assad.
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SyriaU.S.-backed forces say launch final assault against Islamic State in Syria’s Manbij
U.S.-backed forces battling Islamic State near the Turkish border in northern Syria said on Friday they had launched a final assault to flush the remaining jihadists out of the city of Manbij.
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Global Oil MarketsOil prices dip on U.S. crude inventory build, record Saudi output
Oil prices fell on Thursday as a build in U.S. crude inventories and record Saudi Arabian production reinforced fears of a persistent supply overhang that will last well into next year and keep weighing on markets.
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Saudi Tank SaleU.S. approves $1.15 billion sale of tanks, equipment to Saudi Arabia
The U.S. State Department has approved the potential sale of more than 130 Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to Saudi Arabia, the Pentagon said on Tuesday.
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Rio OlympicsMore Than 1,000 U.S. Spies Protecting Rio Olympics
The classified report outlines an operation that encompasses all 17 U.S. intelligence agencies, including those of the armed services, and involves human intelligence, spy satellites, electronic eavesdropping, and cyber and social media monitoring.
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