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Recent stories from sustg
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Eid Greetings from SUSTG
- July 17,2015
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- SUSTG Team
Best Wishes from the SUSTG Team on the Occasion of Eid Al Fitr.
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New Officials Named for Top Housing, Royal Court Posts
- July 13,2015
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- SUSTG Team
Saudi Arabia appointed a housing minister with a background as a real estate developer on Monday and appointed a new head of the Royal Court, according to decrees issued by King Salman and reports by the Reuters news agency. Majed al-Hogail, former managing director of Rafal Real Estate Development Co, a private firm owned by Saudi […]
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Video Remarks: President Obama Hosts Iftar Dinner at the White House
- June 26,2015
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- SUSTG Team
President Obama hosted an Iftar dinner Monday night to mark Ramadan, and invited guests to break their fast at the White House. The Iftar is the evening meal after sunset that concludes the daily fasting during the month of Ramadan. The dinner was President Obama’s 7th Iftar celebration at the White House, and the President used […]
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Saudia’s ‘Largest aircraft leasing deal in history’ to include 50 Airbus planes
- June 24,2015
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- SUSTG Team
According to a press release, Saudia is set to lease 50 Airbus planes as the national carrier of Saudi Arabia expands its fleet, including 30 Airbus aircraft of A320-200 model and 20 aircraft of A330-300 model. In a statement last week, Airbus confirmed that Saudia will become the first airline in the world to operate the new Airbus […]
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Saudi Non-Oil Exports Drop, Imports Grow in 1Q 2015
- June 24,2015
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- SUSTG Team
Latest figures released by Saudi Arabia’s Central Department of Statistics show Saudi nonoil exports dropped by 14.5 percent, to $12.5 billion in the first quarter of 2015 compared to 1Q 2014. Meanwhile, Saudi imports are up by 6.88% in the first quarter of this year, to $43 billion. Plastic and rubber products topped the Kingdom’s list […]
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Large Jump in May Oil Shipments to China Moves Russia Past Saudi Arabia
- June 23,2015
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- SUSTG Team
Russia has leaped ahead of Saudi Arabia as the top oil supplier to China, according to Bloomberg, as the race to supply the world’s second-largest oil consumer heats up. Bloomberg: “China imported a record 3.92 million metric tons from its northern neighbor in May, according to data emailed by the Beijing-based General Administration of Customs on Tuesday. […]
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A Saudi-Russia Thaw?
- June 18,2015
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman visited Russia today amid growing evidence of a thaw in Saudi-Russian relations. With the headline of “Saudi Arabia and Russia to cement ties,” the English language daily Arab News reports that Deputy Crown Prince Mohammed bin Salman “will seek to cement economic, cultural, political and trade relations […]
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U.S. Chamber of Commerce, Saudi Committee for International Trade and SUSTG Host Shura Delegation in Washington
- June 15,2015
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- SUSTG Team
Members of Saudi Arabia’s Shura Council visited Washington, D.C. last week for meetings. The delegates represented the Saudi-U.S. Parliamentary Friendship Committee of the Majlis Al-Shura which makes regular visits to the United States in support of the U.S.-Saudi relationship. The Shura delegates and invited guests were hosted at the U.S. Chamber of Commerce for a […]
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Video: CEO of Saudi Stock Exchange Adel Saleh Al-Ghamdi Speaks with CNBC as Saudi Bourse Opens
- June 15,2015
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- SUSTG Team
Saudi Arabia’s $585 billion stock market – the largest in the region – opened to wider foreign investment today in Riyadh. The CEO of Saudi Arabia’s Stock Exchange, Adel Saleh Al-Ghamdi gave an interview to CNBC on the opening of the market and the implications for the Kingdom of Saudi Arabia’s economy. “The reason is not really […]
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U.S. Chamber of Commerce, Saudi Committee for International Trade to Host Private Roundtable Luncheon with Visiting Shura Council Members in Washington
- June 8,2015
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- SUSTG Team
This week, members of Saudi Arabia’s Shura Council will attend a private roundtable luncheon at the Washington Headquarters of the U.S. Chamber of Commerce as part of the delegation’s outreach to the U.S. business community. Organized by the U.S. Chamber of Commerce, the Committee for International Trade (CIT) of the Council of Saudi Chambers, and […]
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MUST-READS
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AfghanistanISIS in Afghanistan claims it has confiscated sensitive U.S. military equipment
The Islamic State group is circulating photos of potentially sensitive American military equipment and identification cards purportedly confiscated by militants after recent battlefield engagements in Afghanistan.
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LibyaObama: Libya airstrikes critical to U.S. security
U.S. airstrikes against the Islamic State group in Libya continued for a second day Tuesday, as President Barack Obama called the new bombing campaign critical to protecting U.S. national security interests.
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U.S.-IranU.S. Sent Cash to Iran as Americans Were Freed
The Obama administration secretly organized an airlift of $400 million worth of cash to Iran that coincided with the January release of four Americans detained in Tehran, according to U.S. and European officials and congressional staff briefed on the operation afterward.
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TurkeyIn Turkey, a criminal complaint targets two senior U.S. generals
A Turkish lawyer has filed a criminal complaint against two top U.S. generals, accusing them of involvement in the July 15 coup attempt by members of the Turkish military.
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LibyaU.S. conducts new round of airstrikes against ISIS in Libya
U.S. warplanes on Monday launched a new round of airstrikes against Islamic State militants in Libya, a campaign that is expected to last at least the next several days, the Pentagon has confirmed.
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SyriaAttempt at U.S.-Russia cooperation in Syria suffers major setbacks
U.S. Secretary of State John Kerry's attempt to elicit Russian military cooperation in the fight against Islamic State in Syria suffered two potentially crippling blows on Thursday.
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U.S. Shale OilU.S. Fracking Now Competitive With Saudi Oil Prices
U.S. fracking operations are now efficient enough to produce oil at a price that's competitive with traditional drilling in Saudi Arabia-at least for Pioneer Natural Resources PXD , whose CEO confirmed that production costs have fallen to $2.25 a barrel in some locations.
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1MDBFund Lawyer Who Worked With Goldman Holds 1MDB Clues, U.S. Says
Najib has consistently denied wrongdoing, and he has been cleared by a Malaysian investigation. Najib has said he received $681 million from the Saudi royal family and later returned much of it, an explanation supported by the Saudi royals.
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Climate ChangeClimate change risk threatens 18 U.S. military sites: study
Rising sea levels due to hurricanes and tidal flooding intensified by climate change will put military bases along the U.S. East Coast and Gulf Coast at risk, according to a report released on Wednesday.
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U.S.-ChinaU.S. says looking at more counter-terrorism cooperation with China
The United States is looking at ways to increase counter-terrorism cooperation with China, including information exchanges and helping bring stability to places like Iraq, a senior U.S. administration official said on Tuesday.
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