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Recent stories from sustg
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Saudi 2018 Budget will be ‘Expansionary’ after Two Years of Tight Spending
- December 18,2017
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- SUSTG Team
Saudi Arabia’s budget will be announced tomorrow and will include a “focus on expansion, development and investment” according to comments made on Al-Arabiya TV by a Saudi finance ministry official, and reported in Reuters. “If there was to be a title for the 2018 budget, it would be the budget of expansion and development and […]
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Ambassador Haley Gives Dramatic Presentation of Alleged Iran-Made Weaponry Recovered from Regional Battlefields
- December 15,2017
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- SUSTG Team
US envoy to the United Nations Nikki Haley made a presentation at Bolling Air Force base in Washington, D.C. to provide evidence that Iran had supplied short-range ballistic missiles to Houthi rebels in Yemen which were then fired at Saudi Arabia. Department of Defense (DOD) officials accompanied Haley for the presentation, which was made against a dramatic backdrop of broken […]
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Secretary Tillerson Urges More ‘Measured’ Approach for Saudi Arabia in Yemen
- December 8,2017
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- SUSTG Team
U.S. Secretary of State Rex Tillerson is urging Saudi Arabia to be more “measured” in its military intervention in war-ravaged Yemen, a day after President Trump called for the end of the Saudi-led blockade in order to allow for delivery of humanitarian aid and commercial shipments. Tillerson also reiterated Trump’s calls for a “complete end” […]
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The U.S. Reported to be Assessing Support of Saudi Arabia’s Nuclear Energy Plans
- November 30,2017
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- SUSTG Team
The Trump administration is reportedly holding talks on providing nuclear technology to Saudi Arabia in a move that would be a significant shift in U.S. policy, ProPublica reports. The report notes that, “The Trump administration hasn’t stated a position on whether it will let the Saudis have enrichment and reprocessing technology. An NSC spokesman declined […]
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NYT Columnist Tom Friedman Praises Saudi Arabia’s ‘Arab Spring, At Last’; Twitter Reacts
- November 27,2017
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- SUSTG Team
New York Times Columnist and bestselling author Tom Friedman met with Crown Prince Mohammed bin Salman in Saudi Arabia for a second time in three years to speak with the powerful and young leader about the ongoing Vision 2030 social and economic reform plans as well as ongoing regional and security issues facing the Kingdom. […]
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Saudi Arabia’s PIF Officially Takes Over Management of Riyadh’s King Abdullah Financial District
- November 22,2017
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund finalized the take over of the management of Riyadh’s US$10 billion unfinished King Abdullah Financial District (KAFD), a large financial hub on the outskirts of the city, as the government attempts to revive the project. Bloomberg reports the project also has a new leader. KAFD’s final development will be run by real […]
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In WSJ Op-Ed, Al-Qassabi Says Kingdom Will Not Avoid Short-Term Difficult Decisions to Eradicate Corruption, Actualize Vision 2030
- November 14,2017
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- SUSTG Team
In a op-ed published in the Wall Street Journal, Saudi Arabia’s Minister of Commerce and Investment Dr. Majed Al-Qassabi addressed critics of the Kingdom’s anti-corruption efforts and says the actions taken last week are evidence that Saudi Arabia is facing a “watershed moment” to eradicate the scourge of corrupt practices. “Saudi Arabia is a rich […]
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Secretary Tillerson, in Riyadh, Pledges Support for Saudi-Iraq Relationship to Counter Iran
- October 23,2017
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- SUSTG Team
U.S. Secretary of State Rex Tillerson visited Riyadh over the weekend to express U.S. support for a warming of relations between Saudi Arabia and Iraq as the two nations inaugurate the first meeting of the Saudi-Iraq Coordination Council, a new organization that will facilitate bilateral ties. The inaugural Coordination Council meeting marks a warming of relations between Riyadh and Baghdad. […]
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Saudi Aramco Denies Financial Times Report on Shelving Long-Awaited IPO
- October 16,2017
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- SUSTG Team
Saudi Aramco has denied a report in the London-based Financial Times that the state-controlled company will shelve its plans to list part of the company on international indices in favor of private placements. The Financial Times reports that talks about “a private sale to foreign governments including China and other investors have gathered pace in recent […]
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King Salman Consolidates Development Funds and Promotes New Transportation Minister
- October 5,2017
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- SUSTG Team
Saudi Arabia’s King Salman has created a new organizational body to centralize and consolidate control and management of its economic development funds, called the National Development Fund (NDF), under Crown Prince Mohammed bin Salman. The NDF will “link the Saudi Fund for Development, the Saudi Industrial Development Fund, the Agricultural Development Fund, the Social Development Bank, the Human […]
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MUST-READS
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Saudi Culture AuthoritySaudi Culture Authority to organize 100 art, cultural activities
Turki bin Abdul Mohsen Al-Sheikh, Chairman of the Technical Committee in the Saudi General Authority for Culture, has announced an agreement with Rotana to organize around 100 art and cultural activities in different regions of the Kingdom.
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WWE in KSASaudi prospect earns right to take part in upcoming Royal Rumble in Jeddah
Eight athletes were declared the winners of this week’s WWE tryout in Jeddah, Saudi Arabia and will advance to more intensive training under WWE’s coaching team in the coming days.
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Global Oil PricesCommentary: Down In Saudi Arabia, They’re Partying Like It’s 2008
Is this really 2018? It started to sound a lot like 2008 in Saudi Arabia on Friday, as the kingdom's oil minister argued that the world could tolerate a higher crude price.
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Tribeca Film Festival‘The Man Who Stole Banksy’ tells Middle East street art tale
“The Man Who Stole Banksy,” a street art documentary that will premiere at New York’s Tribeca Film Festival on Friday, spins a tale that mixes would-be art-world avarice with Middle East politics.
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Global Oil MarketsTrump Slams OPEC as Cartel Pushes Harder for High Oil Prices
“Looks like OPEC is at it again,” Trump said on Twitter, not long after energy ministers finished their meeting in Jeddah, Saudi Arabia. “Oil prices are artificially Very High! No good and will not be accepted!”
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Joint Gulf Shield 1Qatari forces participate in Gulf shield drill in Saudi Arabia
According to QNA, the closing ceremony was attended by the Qatar Armed Forces' Chief of Staff, Major General Ghanem bin Shaheen al-Ghanem, at the invitation of his Saudi counterpart Lt General Fayyad bin Hamed al-Ruwayli.
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JetSmarterJetSmarter: Sergey Petrossov’s Jay-Z, Saudi funded Uber of the skies
That funding soon came, and since launching its sharing platform in 2015 JetSmarter has received investments from several high-profile backers including rapper Jay-Z and Saudi Arabian royalty.
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War in YemenLawmakers grill State Department and Pentagon on U.S. role in Yemen’s civil war
Trump administration officials faced tough questions from lawmakers Tuesday over U.S. military support for Persian Gulf nations involved in Yemen, as congressional pressure grows to reconsider the American role in a conflict that has killed thousands of civilians and spawned the world’s worst humanitarian crisis.
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Saudi StudentsGoogle creative hubs to kick-start tech training for Saudi students
Five Google innovation hubs to be set up across Saudi Arabia will offer advanced tech training to a new generation of students.
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Houthi Missile AttackHouthis launch missile after Saudi-led coalition warns of ‘painful’ response; attack thwarted
Saudi air defenses shot down a ballistic missile fired by Houthis toward Saudi Arabia on Monday night, the Saudi-led coalition battling Yemen’s Houthi rebels said on Tuesday.
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