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Photos: King Salman Urges More ‘Support to Investment and Investors in the Kingdom’ at High-Level Business Gathering
- May 28,2015
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- SUSTG Team
In a focus on investment forum in Saudi Arabia, Custodian of the Two Holy Mosques King Salman spoke to leading business leaders and government officials at Al-Salam Palace on Wednesday and asked them to encourage “businessmen to invest in the Kingdom where the climate is conducive for business and where everyone gets a fair opportunity” and to […]
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MoE, SAMA to Provide 5,000 Scholarships and Jobs to Saudi Students
- May 26,2015
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- SUSTG Team
The Ministry of Education and the Saudi Arabian Monetary Agency (SAMA) agreed to provide 5,000 Saudi students with scholarships and jobs in the insurance and financial sectors, according to reports, the latest move by the government to boost education for Saudi Arabia’s surging youth population. The move by SAMA will both grant scholarships to Saudi students […]
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Saudi Arabia Seeks Sikorsky MH-60R Helicopters, First Military Sale Request from a Gulf State Since Camp David Summit
- May 22,2015
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- SUSTG Team
The Royal Saudi Navy is seeking to purchase 10 Sikorsky MH-60R Sea Hawk helicopters as part of its naval expansion program, the first military purchase since the U.S.-GCC summit last week in Washington, Defense News reports. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia […]
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SACM Career Fair and Graduation Ceremony Begins Tomorrow as Saudi Students Converge in D.C.
- May 21,2015
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- SUSTG Team
This weekend, thousands of Saudi students and their families will converge in the Washington, D.C. area at the Gaylord National Harbour hotel for the 2015 SACM Career Fair and Graduation ceremony, a unique and impressive celebration of the accomplishments of Saudi Arabia’s future workforce. Saudi Arabia’s King Abdullah Scholarship Program (KASP) sends over 100,000 Saudi […]
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Sfakianakis: “The choices now being made stand to alter the face of the kingdom”
- May 20,2015
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- SUSTG Team
In a opinion piece in the London-based Financial Times (paywall), veteran banker in Saudi Arabia Dr. John Sfakianakis writes that tough decisions loom for the Kingdom’s leaders with regard to oil and energy use. “When your income is cut in half, it helps to have a few dollars on hand, but even then you will have to […]
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After Crown Prince Visit, 12,000 Saudi Students in the U.S. Added to King Abdullah Scholarship Program
- May 19,2015
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- SUSTG Team
Custodian of the Two Holy Mosques King Salman approved on Thursday, May 14 the inclusion of 12,000 additional male and female Saudi students studying in the US at their own expense in the government’s King Abdullah Scholarship Program (KASP), according to reports. The inclusion came at the request of Crown Prince Mohammed bin Naif following […]
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Reaction: GCC Camp David Summit ‘Exceeded Expectations’, Indicates ‘Clear and Continuing Commitment’ between U.S., Gulf Partners
- May 18,2015
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- SUSTG Team
Reaction from officials and analysts after last week’s U.S.-Gulf Cooperation Council (GCC) meeting indicate that President Obama’s outreach to leaders helped to shore up the U.S.-GCC alliance. “The countries of the Gulf Cooperation Council (GCC) may not have gotten what they wanted from the Obama administration this week, but they appear to have gotten some […]
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President Obama Hosts GCC Leaders to Camp David, Offers ‘Ironclad’ Security Commitment
- May 15,2015
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- SUSTG Team
President Barack Obama hosted a summit of GCC member states in Camp David this week to shore up U.S. security support for external threats to Gulf Nations and discuss the Administration’s nuclear deal with Iran. Saudi Arabia’s Foreign Minister Adel Al-Jubeir called the U.S.-Gulf Cooperation Council (GCC) summit at Camp David “unprecedented” and said the day had brought U.S.-Gulf […]
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Busy First Day in Washington for Visiting Saudi Crown Prince Mohammed bin Nayef, Deputy Crown Prince Mohammed bin Salman and Foreign Minister Adel Al-Jubeir
- May 14,2015
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- SUSTG Team
U.S. President Barack Obama met in the Oval Office with Saudi Arabia’s Crown Prince Mohammed bin Nayef, Deputy Crown Prince Mohammed bin Salman, and Foreign Minister Adel Al Jubeir on Wednesday ahead of a wider summit with senior Gulf Arab officials. U.S. Vice President Joe Biden and U.S. Ambassador to the U.N. Susan Rice also […]
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PHOTOS: Crown Prince Mohammad Bin Naif, Deputy Crown Prince Mohammed bin Salman Meet with President Obama Today in Oval Office
- May 13,2015
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- SUSTG Team
President Barack Obama will meet with Saudi Arabia’s Crown Prince Mohammed bin Nayef and Deputy Crown Prince Mohammed bin Salman in the Oval Office on Wednesday, ahead of a summit with other Gulf Arab leaders, the White House said on Tuesday.
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MUST-READS
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How Emirates & flydubai Work Together As A Competitive Force In The Middle East
Emirates and flydubai are increasingly close partners, such that Emirates' Chief Commercial Officer described them in 2020 as "almost a merger." When they're combined, they're obviously a much more powerful and dominant competitive force versus the likes of Qatar Airways and Turkish Airlines.
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Al-Mudaifer: Saudi Arabia Attracting Foreign Investment to Explore Critical Minerals in the Region
Al-Mudaifer also stated that the Forum will talk about the emerging mining area, talk about how to build a sustainable mining industry, and learn about the enormous geological potential of targeted areas, pointing out that Saudi Arabia seeks to lead the contribution to the development of the distinguished mining zone extending between Africa and Central and Western Asia.
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Investment in Intellectual Property Aims to Boost Innovation and Growth in Saudi Arabia
Saudi Arabia has launched a National Intellectual Property Strategy (NIPST) to encourage and facilitate the creation, development, management, and protection of intellectual property rights. With regard to the financial impact, it is expected to achieve SAR 4.11 billion within 5 years. The country has a favorable investment environment for knowledge-based industries and has put in place a legislative framework to protect intellectual property rights and attract foreign investment in innovation-based projects.
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Saudi Arabia jails two Wikipedia staff in ‘bid to control content’
Saudi Arabia has infiltrated Wikipedia and jailed two administrators in a bid to control content on the website, weeks after a former Twitter worker was jailed in the US for spying for the Saudis. One administrator was jailed for 32 years, and another was sentenced to eight years, the activists said. An investigation by parent body Wikimedia found the Saudi government had penetrated Wikipedia’s senior ranks in the region, with Saudi citizens acting or forced to act as agents, two rights groups said.
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World’s safest low-cost airlines revealed: UAE carriers in top 20
UAE carriers Air Arabia and FlyDubai have been listed among the safest low-cost airlines in the world, according to a new report. AirlineRatings.com, a dedicated aviation safety website has revealed its list of the safest low-cost airlines of 2023. After monitoring 385 international airlines AirlineRatings.com identified Air Arabia and FlyDubai among the safest.
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A single Iranian attack drone found to contain parts from more than a dozen US companies
The assessment, which was shared with US government officials late last year, illustrates the extent of the problem facing the Biden administration, which has vowed to shut down Iran’s production of drones that Russia is launching by the hundreds into Ukraine. CNN reported last month that the White House has created an administration-wide task force to investigate how US and Western-made technology – ranging from smaller equipment like semiconductors and GPS modules to larger parts like engines – has ended up in Iranian drones.
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State-owned enterprises can lead the charge against climate change in the Middle East and North Africa
Governments can play a part in setting ambitions and in the MENA region, increasingly, they are. However, companies undertake most economic activity and thus, the private sector will ultimately need to bear the responsibility of delivering sustainability action. In the MENA region, the 20 largest SOEs are taking the lead in some areas but must still deliver more consistent emission measurement, disclosures and target setting. Going forward, they can help smaller private and public companies in the region make rapid progress by:
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The Grand Bargain’s empty promise in Jordan
Six and a half years ago, 30 international governments and organizations gathered in Istanbul with an ambitious goal to revolutionize the humanitarian and development industries. Their negotiations yielded the Grand Bargain, an agreement among the largest international non-governmental organizations (INGOs) to allocate 25% of their humanitarian funding to small NGOs around the world. Nonprofits like CARE, Mercy Corps, and the Norwegian Refugee Council all joined, committing to bankroll local NGO budgets by reducing their own. And local NGOs, for their part, promised to use their knowledge and networks to improve humanitarian response.
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Bahrain: The Tiny Island Playing a Big Role in the Middle East
Bahrain plays an important role when it comes to countering Iran and reshaping politics in the Middle East. WSJ’s Shelby Holliday traveled to the Arab kingdom to learn more about its role on the global stage.
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Saudi Arabia to launch kingdom’s version of Airbnb
Citizens will need to apply for a permit to rent out their properties and submit a copy of the title deed or legitimate lease contract that proves ownership. The country aims to increase the private sector's contribution to gross domestic product (GDP) to 65 per cent by 2030, up from 40 per cent in 2016, when Saudi Vision 2030 was announced. It wants to reduce its dependence on oil to grow its economy.
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