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Despite Downturn, Half in New Poll Expect Saudi Economy to Improve
- October 11,2016
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- SUSTG Team
With tough economic decisions at hand and the price of oil at a tipping point, where is the Saudi economy heading? In a recent poll conducted by Bayt.com and YouGov, 50% of respondents in Saudi Arabia expect business conditions to improve in one year, and 40% believe things will improve in the next six months. […]
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Deadly Coalition Missile Attack on Funeral in Yemen Draws International Condemnation, Prompts U.S. Review of Support
- October 10,2016
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- Lucien Zeigler
The ongoing conflict in Yemen was further inflamed this weekend after a missile attack on a funeral hall killed over 160 civilians, sparking outrage across the war-torn country. Yemeni officials and witnesses are blaming the Saudi-led coalition fighting in Yemen for the attack, which threatens to significantly alter the war’s course. The coalition initially denied […]
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Video: Paramotoring in Saudi Arabia’s Qassim Desert
- October 7,2016
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- SUSTG Team
A recently released report and video by Reuters highlights the start and growth of a “paramotoring” club in the Qassim Desert in Saudi Arabia as “a hobby, curiosity, a change.” Paramotoring, also referred to as powered paragliding, involves the use of a motor driving propeller that is worn on one’s back. The motor can be stopped and started in […]
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Jadwa Investment Revises Saudi GDP Down to 1.1%
- October 6,2016
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- SUSTG Team
The latest quarterly GDP update on the Saudi economy from Jadwa Investment finds year-on-year growth continued to slow for the fourth consecutive quarter, “mainly owing to a deceleration in annual GDP growth for both the oil sector and the non-oil private sector.” However, in real terms, the Saudi economy was 1.4 percent larger in the second quarter […]
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Top Saudi Investment Officials in New York for Two-Day JPMorgan Chase Event
- October 4,2016
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- SUSTG Team
Saudi Capital Market Authority Chairman Mohammed Al-Jadaan and Tadawul stock exchange Chief Executive Officer Khalid Al Hussan are among officials attending a two-day event in New York City this week organized by JPMorgan Chase & Co., Bloomberg reports. According to Bloomberg, senior representatives of the kingdom’s economy ministry and central bank will also be present. The […]
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Opposition to JASTA ‘Bubbles’ but Override Still Likely after White House Veto on Friday
- September 26,2016
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- SUSTG Team
President Obama vetoed the Justice Against Sponsors of Terrorism Act (JASTA) on Friday, setting up an expected showdown with Congress over the controversial bill that would open up foreign nations to lawsuits in the United States. In a thoughtful letter to Congress attached to the veto, President Obama says that while he has deep sympathy […]
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White House Lobbies Senate on JASTA, Works Toward 34 Votes to Prevent Veto Override
- September 21,2016
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- Lucien Zeigler
Some Senate Democrats on Capitol Hill continue to consider their votes on the Justice Against Sponsors of Terrorism Act (JASTA) and, according to some reports, are “starting to show cracks in their support” of the legislation after efforts by the Obama administration to convey the risk of the bill’s potential international relations fallout. JASTA, which would expand […]
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Al-Jubeir in Wall Street Journal: ‘Iran Can’t Whitewash Its Record of Terror’
- September 19,2016
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- SUSTG Team
Saudi Foreign Minister Adel Al-Jubeir blasted his Iranian counterpart in a new op-ed published by the Wall Street Journal, saying that Iran cannot “whitewash its record of terror.” “The fact is that Iran is the leading state-sponsor of terrorism, with government officials directly responsible for numerous terrorist attacks since 1979. These include suicide bombings of the U.S. […]
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Houthi Rebels Claim Capture of Post Inside Saudi Border
- September 15,2016
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- Lucien Zeigler
Officials from Yemen’s Shiite Houthi militia say their fighters and allied troops have captured a Saudi military post in the border region of Jazan, according to reports. According to a report in the Associated Press, the claim has been denied by a Saudi military spokesman. However, a 15-minute video clip posted on social media networks and aired late […]
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15 Year-Old Saudi Girl Proposes First ‘Hijab Emoji’
- September 14,2016
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- SUSTG Team
Rayouf Alhumedhi, a Saudi-born teenager currently living in Germany is the lead author on a new proposal for a hijab emoji to the Unicode Consortium, the nonprofit that governs the creation and approval of emoji. Emojis are popular small images that are available on mobile and desktop keyboards that are increasingly adding to, and even replacing, […]
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MUST-READS
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SABICSaudi’s SABIC buys quarter of Clariant as activists cash in
SABIC, the world’s number four chemical firm, said it had no current plans to launch a full takeover of Clariant. However, the move stoked uncertainty about Clariant as Saudi Arabia seeks to diversify its economy and reduce its reliance on oil.
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Saudi AramcoAramco Trading Starts Swapping Saudi Crude Oil for Refined Fuels
Saudi Aramco’s trading unit started swapping the kingdom’s crude oil for products refined in other countries, according to its chief executive officer.
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UN Envoy to YemenBritish mediator Martin Griffiths ‘appointed new UN envoy to Yemen’
UN Yemen mediator Ismail Ould Cheikh Ahmed will step down when his current contract finishes at the end of February after nearly three years in the job, UN spokesman Stephane Dujarric said on Monday.
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Solar PowerParticle receivers to get first commercial trial—in Saudi Arabia
A new solar technology is twice as efficient, cutting the cost of solar thermal energy, by raising operating temperatures to 1,000°C, almost twice the 565°C molten salt temperature in current concentrated solar power (CSP) tower plants.
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Hail RallySaudi Arabia’s ‘Hail Rally’ starts today
The Hail Nissan International Rally is one of the most important international sports events organized in Saudi Arabia. It attracts a large number of local and international participants and audiences.
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U.S. Department of StateTrump names David Shenker new Middle East head at State Department
DEBKAfile’s Washington sources report that Shenker, a friend of Israel and expert on Syria, Lebanon, Hizballah, Jordan and Islamist terror, is a former senior adviser to Donald Rumsfeld, when he served as defense secretary in the George W. Bush administration.
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Yemen Civil WarSaudi-led coalition says thwarts Houthi attack on oil tanker
The Saudi-led coalition fighting in Yemen said on Wednesday it had thwarted an attack on a Saudi oil tanker over the weekend by Houthi fighters near the Red Sea port of Hodeidah.
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EntertainmentAs Saudi Arabia relaxes its controls on culture and entertainment, artists dream — and worry
The government of this ultraconservative kingdom has lately become a tireless patron of the arts, sponsoring concerts by Western performers such as New Age artist Yanni and promoting comic festivals and book fairs. Cinemas, banned for decades, are set to open soon.
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Military 'Teacher Corps'The US Military Needs a Teacher Corps to Train Its Partners
To offer just two supporting facts: by 2016, the U.S. alone had spent more than $70 billion rebuilding Afghanistan’s security forces, according to a report by the Special Inspector General for Afghanistan Reconstruction; meanwhile, half of Afghan troops who came to train in the U.S. have gone AWOL, while others have absconded at home.
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Saudi Art HistoryHow Saudi art’s rollercoaster history has mirrored local culture
Dr. Maha Al-Senan, an Art Historian and Associate Professor at Princess Nora bint Abdulrahman University, believes that two Saudi artists have contributed to significant changes between 1980s and 90s.
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