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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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Israeli PoliticsCriticism of Netanyahu’s planned U.S. speech mounts in Israel
Prime Minister Benjamin Netanyahu is facing growing criticism in Israel for a planned speech to the U.S. Congress about Iran, accused by his political rivals of damaging ties with Washington to promote his election campaign.
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U.S. - SaudiThe first time a U.S. president met a Saudi King
The endurance of that partnership is truly remarkable when you consider all that has happened in that time: The collapse of the Soviet Union (a mutual enemy that was a key driver in the creation of the relationship), Saudi Arabia's growth as an oil superstar, the conflicts between Israel and Arab states, the rise of Islamist extremism, and Saudi Arabia's restrictive domestic policies are just a few issues that might have blown up weaker relationships.
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Iran NegotiationsNetanyahu-Mossad Split Divides U.S. Congress on Iran Sanctions
The Israeli view shared with Corker and other senators also mirrors the assessment from the U.S. intelligence community. “We’ve had a standing assessment on this,” one senior administration official told us. “We haven’t run the new Kirk-Menendez bill through the process, but the point is that any bill that triggers sanctions would collapse the talks. That’s what the assessment is.” Another intelligence official said that the Israelis had come to the same conclusion.
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Saud Al-FaisalSaudi foreign minister has successful back surgery in U.S. -agency
Saudi Arabian Prince Saud al-Faisal, the world's longest-serving foreign minister, has undergone a successful back surgery in the United States, the royal court said on Saturday.
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QatarQatar’s ties to militants complicate relations with U.S., neighbors
Despite conciliatory gestures, however, analysts say Qatar has not wavered in its core belief that political Islam — the view that austere Muslim teachings should guide all aspects of society — remains the prime long-term force in the region.
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Muslim ExtremismHillary Clinton warns U.S. ‘can’t close our eyes’ to Muslim extremism
In her first extended public remarks about the recent deadly attacks in Paris, former Secretary of State Hillary Rodham Clinton said Wednesday that Americans "can't close our eyes" to the "dangerous strain of extremism within the Muslim world."
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U.S. - PalestineU.S. senator threatens aid cut to Palestinians over ICC move
The Palestinians could lose annual U.S. aid if they file a lawsuit against Israel at the International Criminal Court which they joined this month over American and Israeli protests, a senior U.S. Republican senator said on Monday.
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U.S. - TurkeyPlan to expand bombing campaign in Syria stalls amid U.S.-Turkey disagreements
A plan to expand the U.S.-led coalition bombing campaign against the Islamic State in Syria, along the Turkish border west of the besieged town of Kobane, has been put on hold because Turkey and the Obama administration have failed to agree on its parameters.
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U.S. - IraqIraq says U.S.-led coalition not doing enough against Islamic State
The war in Iraq started one year ago amid clashes between then Prime Minister Nuri al-Maliki's Shi'ite-dominated security forces with Sunni protesters and tribesmen in western Anbar province. Islamic State, which already controlled swathes of eastern Syria, took advantage of the violence to move into Anbar's two main cities of Falluja and Ramadi.
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ISIS and SyriaISIS Gaining Ground in Syria, Despite U.S. Strikes
The area of ISIS’s expansion includes large segments of the Homs Desert, which begins far south of the contested northern city of Aleppo. It stretches below the presumed capital of ISIS in Syria, Raqqa, and all the way to the Iraqi border. It is largely rural and not an area that ISIS has had to fight for. Rather the group took control of uncontested parts of the countryside while skirting key regime strongholds in the area, Cafarella said.
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