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The Not-So ‘Vanishing Prince’: Saudi Crown Prince Mohammed bin Naif’s Busy Public Schedule and the Dangers of Saudi Kremlinology
- March 10,2017
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- Lucien Zeigler
‘Kremlinology’ originally applied to the attempt by outsiders to understand Russia’s political inner-workings. It can also describe any attempt to understand a secretive organization or process, and the Saudi royal family certainly fits this bill. Conclusions about the inner-workings of Saudi Arabia’s government and royal family based solely on appearance, rumor or sources that may […]
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Trump Administration Taking ‘More Saudi-Friendly Approach to the Conflict in Yemen’
- March 9,2017
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- SUSTG Team
The U.S. State Department’s approval of a resumption of weapons sales to Saudi Arabia that would reverse a decision by President Obama is “a potential sign of reinvigorated U.S. support for the kingdom’s involvement in its neighbor’s ongoing civil war,” the Washington Post reports. President Trump must approve the reversal, which was ordered by Secretary of […]
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As Saudi Aramco Prepares IPO, Investors Speculate on Ultimate Value
- March 6,2017
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- SUSTG Team
Fund managers and institutional investors are split on the expected value of Saudi Aramco, with a majority saying the company will have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, Reuters reports, citing a survey of fund managers conducted by regional investment bank EFG Hermes. That […]
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King Salman Launches Month-Long Investment Tour in Asia
- February 24,2017
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- SUSTG Team
Saudi Arabia’s King Salman leaves Sunday for a month-long tour of key nations in Asia as the region grows in influence as an oil importer and potential investor in the Saudi economy. The King is expected to visit Malaysia, Indonesia, Japan and China. It is his first trip outside the Middle East and North Africa since […]
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Milestones in Saudi Arabia as Women are Appointed to Head the Kingdom’s Stock Exchange, Major Newspaper for the First Time
- February 17,2017
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- SUSTG Team
For the first time in Saudi Arabia, a woman will head up the Kingdom’s stock exchange and one of the country’s daily newspapers as incremental progress toward equality for women continues. The appointment of Sarah Al-Suhaimi to chair the Saudi stock exchange, or Tadawul, is in line with an ambitious economic and social reform program […]
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Photos Show Severe Floods Hitting Saudi Arabia’s Asir Region
- February 15,2017
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- SUSTG Team
At least one person was killed and hundreds rescued on Wednesday after severe flooding in Saudi Arabia’s Asir region. Videos and photos emerging online of the floods show fast-moving currents sweeping away cars and motorists stranded in water. Saudi Arabia’s Civil Defense said that 10 others were injured and over 280 people were rescued while dealing with […]
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In-Depth Tourism Report by Colliers Highlights Huge Saudi Potential
- February 8,2017
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- SUSTG Team
In a PDF available here entitled Destination Saudi – Leisure, Culture, and Tourism Potential, Colliers examines the potential for significant opportunities in the tourism sector for Saudi Arabia and whether Vision 2030, as an identifier of the potential for entertainment and cultural development, can be the vehicle for that growth. “There is a positive outlook for tourism […]
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Russia Takes Title of Top Oil Supplier to China for the First Time Ever in 2016; Unseats Saudi Arabia
- January 23,2017
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- SUSTG Team
Russia overtook Saudi Arabia as China’s top oil supplier last year for the first time ever amid the ongoing battle for market share in the world’s biggest energy market, Bloomberg reports. The recent takeover as top supplier to China comes as analysts parse comments made by Saudi Arabia’s Minister of Energy and Natural Resources Khalid al-Falih […]
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For Saudi Arabia’s 2017 Budget, Jadwa Investment Sees ‘Expansionary Fiscal Stance’
- December 27,2016
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- SUSTG Team
Saudi Arabia unveiled its 2017 budget last week with a budgeted SR890b ($237.2b) in spending, which is a SR50b ($13.3b) increase over the 2016 budget of SR840b ($223.8b). In a note sent to investors, Riyadh-based Jadwa Investment released a report outlining Saudi Arabia’s efforts to reduce its deficit despite the increase in spending. Based on revenues […]
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Saudi Arabia’s SIDF Gets New Investment Muscle to Enter New Industries
- December 16,2016
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- SUSTG Team
Saudi Arabia’s Energy Minister Khalid al-Falih said that Saudi Arabia plans to boost the capital of the Saudi Industrial Development Fund (SIDF) by SAR6bn ($1.6bn) to help finance the kingdom’s entry into new industries. The additional planned allocation would be on top of the SAR3bn ($800m) of capital recently injected in the fund, Falih said, […]
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MUST-READS
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Anti-ISIS CampaignState Department designates 7 ISIS-affiliated groups as terrorist organizations
The State Department announced today that seven ISIS-affiliated groups have been designated as terrorist organizations. Underscoring the so-called caliphate’s growth outside of Iraq and Syria, the move targets ISIS affiliates in Bangladesh, Egypt, the Philippines, Somalia, Tunisia and West Africa.
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AfghanistanAfghanistan offers to recognize Taliban as legitimate ‘political party’
The Afghan government is willing to recognize the Taliban as a legitimate political party as part of a potential ceasefire agreement with the Islamist militant group, President Ashraf Ghani said Wednesday.
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Russia in the RegionPutin orders daily cease-fire in Syrian rebel enclave that U.N. calls ‘hell on Earth’
Russian President Vladimir Putin on Monday ordered a daily cease-fire in eastern Ghouta, the Syrian rebel-held enclave near the capital Damascus and the target of a ferocious government assault that has turned life in the region, according to the U.N., into "hell on Earth."
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Lockheed MartinLockheed Martin to deliver 2 satellites to Saudi Arabia
The global defense leader Lockheed Martin is delivering two satellites to the Kingdom toward the end of this year.
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InfluenceThe Dark Arts of Foreign Influence-Peddling
The Mueller investigation is showing the extent of Russian operations. But its real import extends far beyond that.
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Persian ArtifactsSupreme Court forbids seizure of ancient Persian artifacts
The U.S. Supreme Court on Wednesday ruled that Americans injured in a 1997 suicide bombing in Jerusalem cannot seize ancient Persian artifacts from a Chicago museum to satisfy a $71.5 million court judgment against Iran, which they had accused of complicity in the attack.
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Aid ProgramsTo win ‘hearts and minds’ in Afghanistan, some aid programs worked better than others
Working with Kosuke Imai and Yang-Yang Zhou of Princeton University, we took up the challenge of experimentally evaluating the effectiveness of livelihood training and cash transfers to a vulnerable population in Kandahar, Afghanistan.
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History and CultureAncient Artists Carved Camels in Saudi Desert’s Stone
Some 2,000 years ago, perhaps, ancient artists in the Arabian desert climbed tall rock outcrops and carved life-size camels into the stone.
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Schools ClosedSchools in parts of Saudi Arabia remain closed for 4th day due to bad weather
Schools in parts of Saudi Arabia will be closed Thursday, for the fourth straight day, to maintain the safety of students due to bad weather.
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U.S. Department of StateState Department, USAID Face Drastic Budget Cut
The funding shortfall of about $8.8 billion would impose the biggest reduction in resources for the U.S. diplomatic corps and development programs since the 1990s.
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