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King Salman Issues Royal Decrees on Security as U.S. Praises ‘Strong Counterterrorism Relationship’
- July 21,2017
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- SUSTG Team
Saudi Arabia’s King Salman issued a number of royal decrees on Thursday regarding the Kingdom’s security governance, creating a new security authority and separating forces from the Ministry of the Interior, according to reports. The executive order creates a security authority known as the “The Presidency for State Security” linked with the Prime Minister’s Office, the […]
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Saudi Arabia Nears First Utility-Scale Wind Power Project
- July 17,2017
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- SUSTG Team
Saudi Arabia moved a step closer toward the construction of its first utility-scale wind-power project, according to reports. The energy ministry “asked potential bidders and plant developers to submit their qualifications to build the 400-megawatt plant at Dumat Al Jandal in the kingdom’s northwestern Al Jouf region,” Bloomberg reports, citing an emailed statement. “Companies will be able to […]
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Mohammed bin Salman Named Crown Prince, Next-in-Line to King; Prince Mohammed bin Nayef Deposed
- June 21,2017
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- SUSTG Team
King Salman of Saudi Arabia has named his son, Prince Mohammed bin Salman, as crown prince of Saudi Arabia, deposing his cousin Prince Mohammed bin Naif. The move makes Prince Mohammed next-in-line to be king. As Reuters and other news outlets are reporting, the promotion of the new Crown Prince is less surprising than the […]
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Saudi Foreign Minister Adel Al-Jubeir Meets with Secretary of State Rex Tillerson in Washington, Says ‘No Blockade’ of Qatar
- June 14,2017
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- SUSTG Team
Secretary of State Rex Tillerson met with his Saudi counterpart, Foreign Minister Adel Al-Jubeir in Washington yesterday to discuss the ongoing diplomatic situation in the GCC and other regional challenges. In brief remarks to reporters before the meeting, Foreign Minister Al-Jubeir said that there was no “blockade” of Qatar and that Saudi Arabia was exercising […]
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Senate Opposition to Sale of Precision-guided Munitions Grows
- June 13,2017
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- SUSTG Team
Senate Minority Leader Charles Schumer (D-N.Y.) is the latest U.S. senator to throw support behind a Sen. Rand Paul (R-Ken)-led push to block part of President Trump’s $110 billion arms sale to Saudi Arabia, according to reports. The senators who proposed the resolution to block the arms sale said that they expect a close vote. Sen. Sens. […]
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Oxford Business Group Launches OBG Business Barometer: Saudi Arabia CEO Survey
- June 9,2017
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- SUSTG Team
The Oxford Business Group (OBG) has launched a new research series that examines attitudes of top CEOs in Saudi Arabia. OBG, which publishes investment and economic reports on more than 30 countries including emerging markets in the Middle East, Asia, Latin America. “It’s not difficult to conclude that for the Gulf region’s largest economy the […]
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New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
- May 18,2017
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]
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World’s Tallest Building Set for Saudi Arabia Delayed Again After Binladen Group Turmoil, Now Expected in 2019
- May 12,2017
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- SUSTG Team
Saudi Arabia’s under-construction Kingdom Tower Jeddah, set to be the world’s tallest building when finished, has been delayed until 2019, Prince Alwaleed bin Talal said at the building’s construction site yesterday. “The project was delayed… but it’ll open (in) 2019,” Prince Alwaleed said. Alwaleed is chairman of Kingdom Holding Company and consistently listed as the […]
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Saudi Arabia’s Vice Minister of Economy and Planning Mohammed Al Tuwaijri Gives Interview to Bloomberg News
- May 10,2017
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- SUSTG Team
Saudi Arabia’s powerful vice minister of economy and planning Mohammed Al Tuwaijri gave an interview to Bloomberg News on Tuesday and discussed the government’s borrowing plans, infrastructure spending and how the kingdom still intends to balance its budget by 2020. Al Tuwaijri, who is also head of the finance committee at Saudi Arabia’s powerful Council of Economic […]
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U.S., Saudis in Talks for New Defense Deals Worth Billions Ahead of Trump’s Visit, Sources Tell Reuters
- May 8,2017
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- SUSTG Team
Washington and Riyadh are working to boost military sales from the U.S. to Saudi Arabia for new and existing contracts worth “tens of billions of dollars” ahead of U.S. President Donald Trump’s trip to the kingdom this month, Reuters reports, citing several sources familiar with the talks. According to Reuters, “as planning for Trump’s trip to Saudi […]
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MUST-READS
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Women in Saudi ArabiaSaudi women react to new king
The new royal administration has not yet made clear its position on advancing women’s opportunities. On the one hand, one of Salman’s first moves after becoming king was to extend a royal olive branch to several clerics who had been demoted or ignored by Abdullah, sometimes for publicly objecting to his promotion of women’s advancement. And it is widely believed that Salman will give the Wahhabi clerical establishment more say in formulating policies than Abdullah did. On the other hand, Salman has peppered his Cabinet with young technocrats who are aware that national development requires women’s participation in the economy and public life.
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Sisi in Saudi ArabiaEgypt’s Sisi meets new Saudi King to discuss Middle East crises
Egypt's President Abdel Fatteh el Sisi met Saudi Arabia's King Salman in Riyadh on Sunday for the pair's first in-depth talks on regional issues at a time of unprecedented turmoil in the Middle East.
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King Faisal PrizeSaudi king to honor King Faisal Prize winners
Awarded for the first time in 1979, the King Faisal International Prize (KFIP) recognizes the outstanding works of individuals and institutions in five categories: Service to Islam, Islamic Studies, Arabic Language and Literature, Medicine, and Science.
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WomenSaudi Women Still Can’t Drive, But They Are Making It To Work
The sign on the door to the office of eTree, an online advertising agency in Saudi Arabia's capital, Riyadh, reads: "Girls Only."
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LibyaIn Libya, will Misrata be the kingmaker?
Four years after Libya’s revolution, two political-military coalitions are competing for power in Libya, which are often, yet inaccurately, described as two governments, two parliaments and two armies. Behind that seeming polarization lies a far messier reality. More than 200 armed groups from the western city of Misrata anchor the military power behind the western alliance in Tripoli. The commanders, structures and fighters of these groups remain largely unchanged since the 2011 revolution, a tapestry analyzed in depth in a new edited volume, “The Libyan Revolution and its Aftermath.” The genesis and inner workings of these Misrata militias serve as a vignette into the complex coalitional politics playing out within these alliances.
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Saudi ConsumersSaudi King’s Cash Giveaway Spurs Surge in Retail Sales: Video
Borderfree CEO Michael DeSimone explains how firms can benefit from Saudi King Salman's decree that a bonus worth about 2-months salary, or nearly $32 billion, be paid to government employees, soldiers, pensioners and students on government stipends at home and abroad.
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New LeadershipTwo Princes Are Rising Stars of King Salman’s Saudi Arabia
When the new Saudi king installed his own team, the most eye-catching appointments involved two princes young enough to be steering the world’s biggest oil exporter for decades to come.
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ExtremismKingdom sparing no effort in fight against extremism, terrorism: Saudi King
King Salman also addressed how acts committed by global terror groups such as the Islamic State of Iraq and Syria (ISIS) and Al-Qaeda affiliate the Al-Nusra Front were affecting relations between Muslims and other peoples from across the globe. He said such groups had “given an excuse to those already against Islam and who seek to harm it to vilify our upright and rightly guided faith whose followers number 1.5 billion people around the world and who are now associated with this mindless faction which has no relation to Islam in any way.”
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Saudi Oil PolicySaudi Arabia taking market share fight downstream, gaining ‘growing captive market’ in Asia
Saudi Arabia, OPEC’s most influential producer, is revamping its strategy as it abandons its role of swing producer in global markets and rethinking its spare capacity, says Barclays Capital. “The kingdom [Saudi Arabia] is increasing the level of refined products it exports to the market, relative to crude oil,” said Miswin Mahesh, analyst at Barclays Capital.
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U.S. - AfghanistanDefense Secretary Carter Arrives in Afghanistan Seeking ‘Lasting Result’
Newly-minted Defense Secretary Ash Carter arrived here to visit American troops and meet with top Afghan and U.S. officials amid the likelihood that President Barack Obama’s plans to drawdown forces here would soon be revisited.
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