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Johnson Favored as Saudi Arabia Gears Up for 3rd Saudi Invitational; Nicklaus Agrees to Design New Course at Qiddiyah
- February 2,2021
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- SUSTG Team
Saudi Arabia’s flagship annual golf tournament begins Thursday with world number one golfer Dustin Johnson as the favorite to win at the Royal Greens Golf Club in King Abdullah Economic City, Saudi Arabia. The Saudi Invitational, presented by the Public Investment Fund offers a purse of €3,019,002 ($3,630,712.19), with the strongest-yet field of 138 players set to compete. 12 Major […]
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In Op-Ed, Ambassador Princess Reema bint Bandar Says Gender Equality Must Be A Global Priority
- January 29,2021
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- SUSTG Team
In a passionate op-ed published by Harper’s Bazaar Arabia, Saudi Ambassador to the U.S., H.R.H. Princess Reema Bint Bandar Al Saud urges leaders and others around the world to do more to support gender equality and argues “there is no better time to advance women’s roles in society than now.”
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In ‘Routine’ Action, New Biden Administration to Review Some Arms Sales from Previous Administration to Saudi Arabia, UAE
- January 28,2021
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- SUSTG Team
President Joe Biden’s administration has temporarily paused some pending arms sales to U.S. allies in order to review them, a move that is typical for most new incoming administrations, especially if arms sales are announced just hours before the outgoing administration departs.
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Report: U.S. Exploring New Bases, Access in Saudi Arabia to Counter Iran Threat
- January 26,2021
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- SUSTG Team
The U.S. military is “exploring the possibility of using a Red Sea port in Saudi Arabia and an additional two airfields in the kingdom” amid heightened tensions with Iran, the military said Tuesday, part of a preliminary agreement reached between the U.S. and Riyadh, according to several reports.
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Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Voices Optimism with U.S.-Saudi Relations under Biden Administration
- January 22,2021
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- SUSTG Team
Saudi Arabia’s foreign minister has voiced optimism that relations between Riyadh and Washington will be “excellent” under new U.S. President Joe Biden, Al-Arabiya TV channel cited him as saying on Thursday. Appointments made by Biden show “understanding of the common issues” by the new U.S. administration, Prince Faisal bin Farhan added.
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First American Chamber of Commerce Established in Riyadh; ABGR Becomes AmCham KSA
- January 20,2021
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- SUSTG Team
The American Business Group of Riyadh (ABGR) has formally become part of the global network of the American Chambers of Commerce with the announcement that the group will now be known as the American Chamber of Commerce in Saudi Arabia (AmCham KSA), the first such establishment of its kind in the Kingdom.
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After Strong Finish in 2020, Oil Likely to Continue Steady Comeback in 2021 — Jadwa Investment
- January 18,2021
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- SUSTG Team
After a strong finish to 2020, oil demand will continue rising in Q1 and during the rest of the year on a quarterly basis, but still end up 3 percent lower than pre-COVID-19 levels by the end of 2021, a recent report by Jadwa Investment on the market said.
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Saudi Arabia’s New Open Banking Policy to Turbocharge Digital Innovation
- January 15,2021
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- SUSTG Team
Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA), is introducing an open banking policy to advance digital innovation in the financial services sector, the body announced this week.
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Energy Minister Prince Abdulaziz bin Salman: New Saudi Cut Is ‘Commercial Choice, Not Political’
- January 7,2021
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman called this week’s surprise oil output cut for February and March a “wonderful present” for the oil industry and will affect both domestic sales and exports, and said that the choice for a cut was commercial and not political.
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Gulf Rift Ends after 42 Months; Qatari Emir Heads to GCC Summit as Skies, Borders Re-Open
- January 5,2021
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- SUSTG Team
Saudi Arabia and other GCC nations effectively ended their 42 month-long rift with neighboring Qatar on Monday, signaling a new era in Gulf political and economic relations and bringing to a close a long dispute begun in June 2017.
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MUST-READS
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In U.S., Cyberdisruption Most Critical Threat
Americans are more likely to regard cyberterrorism as a “critical threat” to U.S. vital interests than to say this about 10 other international matters. The development of nuclear weapons by Iran or by North Korea place second and third in Americans’ mentions of critical threats in the latest poll.
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Opinion: Why the Proposed Saudi Security Pact Doesn’t Serve U.S. Interests
It’s time for Washington to transition from a system of U.S. guardianship in Riyadh (and the region) to one of real partnership. That is U.S. Central Command’s mandate and emphasis right now. Gone are the days of Operation Desert Storm, when the United States did all the operational planning and the vast majority of the fighting to free Kuwait and defend Saudi Arabia from Saddam Hussein’s army. Today, Washington needs its regional partners to put more skin in the game.
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More Americans See U.S. as Leading Economic Power
More Americans now than in 2021, 44% to 37%, believe the United States is the leading economic power in the world. That seven-percentage-point increase is nearly matched by an eight-point decline (from 50% to 42%) in the percentage identifying China as the top economic power.
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20 Years After U.S. Invasion, Iraq Is a Freer Place, but Not a Hopeful One
Many Iraqis see a bleak economic future, because despite a wealth of natural resources, the country’s energy revenues have been spent primarily on the vast public sector, lost to corruption or wasted on grand projects left unfinished. Relatively little has gone into transforming public infrastructure or providing services, as many Iraqis had hoped.
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U.S.-Saudi relations “better,” regardless of China-brokered Iran-Saudi deal
“We are in a better spot," a senior U.S. official said. "They’ve done some important things, and we’ve had good communication on some difficult issues from Yemen to 5G/6G technology to security coordination. It’s moving in a better direction."
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U.S. grapples with forces unleashed by Iraq invasion 20 years later
From an empowered Iran and eroded U.S. influence to the cost of keeping U.S. troops in Iraq and Syria to combat Islamic State fighters, the United States still contends with the consequences of invading Iraq 20 years ago, current and former officials say. Then-U.S. President George W. Bush's 2003 decision to oust Saddam Hussein by force, the way limited U.S. troop numbers enabled ethnic strife and the eventual 2011 U.S. pullout have all greatly complicated U.S. policy in the Middle East, they said.
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Factbox: Who has run Iraq since the 2003 U.S.-led invasion?
Under a governing system in place since the post-Saddam Hussein constitution was adopted in 2005, the prime minister is a member of the Shi’ite Muslim majority, the speaker is a Sunni and the largely ceremonial role of president is held by a Kurd.
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U.S.-Saudi relations “better,” regardless of China-brokered Iran-Saudi deal
The Biden administration has seen gradual but significant improvement in its relations with Riyadh, regardless of last week's China-brokered agreement between Saudi Arabia and Iran on reestablishing diplomatic relations, two senior U.S. officials told Axios. Why it matters: Relations between the U.S. and Saudi Arabia have been tense since the Biden administration assumed office.
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U.S. officials project calm as China stuns world with Iran-Saudi deal
U.S. officials have issued brief public statements that downplay the initiative. Asked for details in interviews, they argued that, among other things: It’s a one-off case; it was in China’s economic interest to broker the deal; it doesn’t translate into long-term alliances; and anything that helps calm the region is in America’s interest.
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Saudi Arabia Seeks U.S. Security Pledges, Nuclear Help for Peace With Israel
Saudi Arabia is asking the U.S. to provide security guarantees and help to develop its civilian nuclear program as Washington tries to broker diplomatic relations between the kingdom and Israel, people involved in discussions between the two countries said. Striking a normalization deal between Israel and Saudi Arabia has become a priority for President Biden and Prime Minister Benjamin Netanyahu amid a looming confrontation with Iran over its nuclear program and military aid to Russia during the Ukraine war. The Biden administration is deeply involved in the complex negotiations, the people said, and any deal would reshape the Middle East’s political landscape.
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