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Recent stories from sustg
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IMF: ‘The Redistribution of Oil Wealth Through Government Jobs and Generous Subsidies is No Longer Sustainable’
- May 2,2017
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- SUSTG Team
A recent report by the International Monetary Fund (IMF) finds growth in the Middle East is slightly improving “largely driven by higher oil prices and improved export prospects” but emphasizes that countries will need to continue with plans to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. “Persistently […]
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Setback for Women in Saudi Arabia as Proposal for Women’s Sports Education Colleges Fails in Shoura
- April 27,2017
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- SUSTG Team
The Shoura Council failed to pass a proposal to establish sports education colleges for women this week by just three votes. According to Arab News, the proposal called for a joint venture between the Education Ministry and the General Authority of Sports. The goal is to educate Saudi women on fitness and sports-related sciences and […]
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Secretary of State Rex Tillerson, Saudi Minister of Commerce Dr. Majed Al-Qassabi Deliver Keynote Remarks at U.S.-Saudi Arabia CEO Summit
- April 20,2017
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- SUSTG Team
Secretary of State Rex Tillerson gave his first on-the-record public speech as Secretary yesterday to the U.S.-Saudi Arabia CEO Summit, hosted by the U.S. Chamber of Commerce, the Saudi Committee for International Trade and the Council of Saudi Chambers of Commerce. The Secretary said that the U.S.-Saudi Relationship should be “taken to new heights” and […]
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Saudi Finance Minister Mohammed Al-Jadaan: No Income Tax for Saudi Citizens, No Company Profit Taxes
- April 10,2017
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- SUSTG Team
Saudi citizens would not pay taxes on income and Saudi companies would not see their profits taxed with economic reforms being introduced in the Kingdom, Saudi Arabia’s finance minister Dr. Mohammed Al-Jadaan said on Sunday, Reuters reports. Reuters reports that Al-Jadaan sought in a statement carried by state news agency SPA to “allay concern” that […]
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Saudi Arabia Praises Trump Airstrike Punishment of Syria Chemical Attack
- April 7,2017
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- SUSTG Team
Saudi Arabia said on Friday it “fully supports” U.S. strikes on military targets in Syria, saying it was a “courageous decision” by President Donald Trump in response to the use of chemical weapons against civilians. The United States had fired nearly 60 Tomahawk missiles at a military airfield in Syria, the first direct military action […]
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New Accounting Standards Cost Saudi $1.3b, but Feared Accountant Shortage Avoided
- April 5,2017
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- SUSTG Team
Writing in Forbes, contributor Dominic Dudley notes that Saudi Arabia’s January 2017 switch to new accounting standards did not cause chaos in the Kingdom’s affected listed companies as feared, but it did cost some companies a pretty penny. Saudi Arabia’s switch from accountancy standards set by the Saudi Organization for Certified Public Accountants (SOCPA) to International Financial Reporting […]
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Moody’s Says Saudi Fiscal Position is Strong, Eyes Oil Dependency as Key Credit Challenge
- March 31,2017
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- SUSTG Team
Bond credit rating agency Moody’s Investors Service said Saudi Arabia’s fiscal position remains strong at the A1 rating level, but said that reducing the Kingdom’s high oil dependency is the key credit challenge the country faces. Moody’s said that while the government has announced ambitious and comprehensive reform plans with its Vision 2030 and National Transformation Plan, […]
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U.S. Federal Judge Urges Consolidation of 9/11 Lawsuits Against Saudi Arabia
- March 24,2017
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- SUSTG Team
A U.S. Federal Judge hoped to see consolidation among lawsuits filed by victims of the 9/11 terrorist attacks against Saudi Arabia that “largely allege the same facts” as the fallout from the Justice Against Sponsors of Terrorism Act (JASTA) continues. According to the Associated Press, Magistrate Sarah Netburn presided over a hearing that brought together dozens […]
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Saudi King Salman Returns Home from Asia Tour, Deputy Crown Prince Mohammed Departs United States
- March 20,2017
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- SUSTG Team
Saudi Arabia’s King Salman returned home from a month-long trip to several Asian nations this weekend as Deputy Crown Prince and Minister of Defense Mohammed bin Salman, left the United States. King Salman arrived in Riyadh on Saturday after a successful visit to China, where the Kingdom signed up to $65 billion in trade deals […]
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Deputy Crown Prince Mohammed bin Salman Meets Secretary Mattis at the Pentagon; Pledges Cooperation in Fight Against Daesh
- March 17,2017
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- SUSTG Team
Secretary of Defense Jim Mattis met with Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman at the Pentagon yesterday following the Prince’s meeting with President Trump at the White House on Tuesday. “Secretary Mattis and the deputy crown prince affirmed the importance of the U.S.-Saudi Arabia defense relationship, and discussed the security environment in […]
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MUST-READS
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Culture and SocietySaudi Arabia plans first DJ party amid cultural shake-up
DJ Armin Van Buuren is being flown in for King Abdullah Economic City event on June 17
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U.S. Department of StateAt State Department, Heather Nauert’s star is ascendant
The new role gives Nauert responsibilities far beyond the regular news conferences she held in the briefing room. She is overseeing the public diplomacy in Washington and all of the roughly 275 overseas U.S. embassies, consulates and other posts.
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Saudi StartupsThree emerging companies that underlines Saudi Arabia’s booming startup ecosystem
Here are three promising Saudi startups that underline the country’s big strides toward becoming a major startup and innovation hub in the region.
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SyriaSyrian regime divides rebel-held Eastern Ghouta into three parts
The Syrian regime and its allies have splintered the rebel-held enclave of Eastern Ghouta into three parts after the army intensified its onslaught in the region over the weekend, an activist on the ground and state media said.
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Women in the WorkforceThe number of women-owned tech startups in Saudi is steadily on the rise
New data released by Badir Program for Technology Incubators and Accelerators revealed that the number of women-owned tech startups in Saudi is steadily on the rise. This is evident from the fact that the number of such businesses incubated in the Program during 2017 increased by a whopping 144%.
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U.S. AidReforming U.S. Security Aid Is Unlikely to Transform the Most Difficult Partnerships
Security assistance is a longstanding American tool to build up cooperation with key countries, including regional heavyweights like Egypt, Nigeria and Pakistan, where security deficits have consequences for the United States.
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U.S. Department of StatePerspective: The State Department Needs Rehab
It’s important to understand the State Department was falling on hard times even before the Trump administration accelerated the trend.
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Saudi Nuclear EnergyThe Middle East’s nuclear technology clock starts ticking
Nuclear technology is certain to figure in Saudi Crown Prince Mohammed bin Salman’s talks this month during visits to Britain and the United States.
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U.S.-TurkeyCongress, State Department divided on sanctions against Turkey
As the US Congress continues to weigh potential sanctions against Turkey over its unremittingly hostile stance toward the United States, there is growing debate within the policy community about the merits of such action, with some arguing it could bow Turkey into submission and others insisting it will make the problem even worse.
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Saudi-IranBitter Rivals: Iran and Saudi Arabia, Part II (Video)
FRONTLINE investigates how a dangerous political rivalry between Iran and Saudi Arabia has plunged the Middle East into sectarian war.
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