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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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U.S. - SaudiSaudi oil minister holds talks with U.S. energy deputy
Saudi Oil Minister Ali al-Naimi met U.S. Deputy Energy Secretary Elizabeth Sherwood-Randall on Tuesday in Riyadh where they discussed oil markets, the official Saudi Press Agency (SPA) reported.
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U.S. - IranU.S. lawmakers to reintroduce Iran sanctions legislation
Republican lawmakers said on Thursday they are close to reintroducing legislation seeking a voice in negotiations over Iran's nuclear program and to impose tougher sanctions against Iran, now that they control both houses of the U.S. Congress.
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PakistanU.S. government on sidelines of talks over aid worker’s kidnapping
More than a year after his al Qaida kidnappers provided proof that American hostage Warren Weinstein was still alive, the case of the 73-year-old aid contractor rests in the hands of three Pakistani intermediaries who are negotiating for his release, people privy to the negotiations say.
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U.S.-AfghanistanThis new graphic shows the state of the U.S. war in Afghanistan
The graphic shows the vast amount of equipment that has come home since early 2014. U.S. Forces-Afghanistan had 19,400 shipping containers in the country in February 2014, but had reduced that number to 597 as of mid-December. It moved nearly 30 million pounds of cargo by plane last year, and another 8.8 by helicopter.
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U.S. Air ForceThe U.S. Air Force Has a Spy Ship — Yes, Ship — in the Persian Gulf
The U.S. Air Force quietly keeps a small, inconspicuous spy ship in the Persian Gulf, presumably in order to keep an eye on Iran’s missile launches. Technically speaking, USNS Invincible—a 224-foot vessel displacing a mere 2,800 tons—belongs to Military Sealift Command, the quasi-civilian branch of the Navy that operates America’s military logistics ship and other specialist vessels.
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U.S.-AfghanistanU.S. stands by plan to pull troops from Afghanistan
The United States on Monday stood by plans to halve the number of its troops in Afghanistan this year and reduce them further in 2016 following Afghan President Ashraf Ghani's suggestion that President Barack Obama review his deadline.
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U.S. - TurkeyU.S., Turkey agree to Syrian rebel training, but not whom they’ll fight
Turkey has been adamant that any force deployed in Syria must have as a goal defeating the Assad government, but the Obama administration has insisted it is interested only in battling the Islamic State. There is no need to define the ultimate target now, the Turkish official said, because rebel forces already are fighting a two-front war, against both the Syrian government and the Islamic State.
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U.S. DronesExclusive: U.S. Drone Fleet at ‘Breaking Point,’ Air Force Says
The Air Force has enough MQ-1 Predator and MQ-9 Reaper drones. It just doesn’t have the manpower to operate those machines. The Air Force’s situation is so dire that Air Combat Command (ACC), which trains and equips the service’s combat forces, is balking at filling the Pentagon’s ever increasing demands for more drone flights.
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U.S. Anti-Daesh StrategyU.S. advisers in Iraq stay out of combat but see fighting edging closer
Under Obama’s plan to aid the Iraqi government, the number of U.S. troops in Iraq is expected to grow to about 3,000 from just under 2,000 now. Not only have they been deployed in Baghdad and the northern city of Irbil, but in recent weeks they also have been sent to Anbar and to training sites flanking the capital.
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Russia and Middle EastRussia threatens to halt cooperation with U.S. on Iran, Syria
Russia warned Tuesday that it may halt cooperation with the United States on Iran and Syria in response to a continuing stream of U.S. sanctions.
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