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Security Tight as Millions Perform Hajj in Saudi Arabia; Eid al-Adha Begins Today
- September 12,2016
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- SUSTG Team
Saudi Arabia has invested heavily in added safety and security measures as the Kingdom hosts this year’s estimated 1.85 million Hajj pilgrims. Photos from the official Saudi Press Agency (SPA) show Saudi civil defense forces and medical personnel on standby ready to ensure a safe and peaceful Hajj. Temperatures throughout the week topped 100°F (28°C), making […]
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Saudi, Russia Sign Oil Cooperation Agreement
- September 6,2016
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- SUSTG Team
Saudi Arabia and Russia signed an agreement on Monday to cooperate in world oil markets – but the cooperation does not include an immediate cut in production that some other oil producing nations want. The agreement was struck between top Saudi and Russian officials currently at the G20 summit in the Chinese city of Hangzhou. Saudi Energy Minister […]
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Deputy Crown Prince Mohammed bin Salman Arrives in China, Meets with Top Chinese Officials to Discuss ‘Vision 2030’
- August 30,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and a delegation including top ministers and other officials are in China this week for talks aimed at pushing the Kingdom’s Vision 2030 broad economic reforms. The visit to global economic powerhouse China, like the Deputy Crown Prince’s visit to the United States in June, hopes to “showcase […]
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Coca-Cola Becomes Official Sponsor of Saudi Arabian Football Federation
- August 30,2016
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- SUSTG Team
Coca-Cola has become the official sponsor of the Saudi Arabian Football Federation (SAFF). SAFF is Saudi Arabia’s football governing body and it administers all Saudi club competitions as well as the development of the Saudi national team. The agreement with Coca-Cola includes full support of the Saudi national team as well as the three main […]
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$20 Billion Dow-Saudi Aramco Venture Takes Another Step
- August 29,2016
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- SUSTG Team
Sadara, a joint-venture between Dow Chemical Company and Saudi Aramco has started its mixed feed cracker, the only one of its kind in the Middle East and one of 26 manufacturing units that will be part of the Sadara chemical complex. Located in Jubail Industrial City along the Gulf coast of Saudi Arabia, Sadara was […]
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In 2016, Saudi Restrictions Removed for U.S. Meat Exporters
- August 25,2016
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- Lucien Zeigler
2016 has been a good year for U.S. farmers and food producers looking to expand into the Saudi market as the Kingdom has relaxed previously established restrictions on both poultry and beef imports from the United States. In July, Saudi Arabia lifted a lengthy four-year ban on US beef imports that followed a scare over […]
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Ministry of Labor Moves to Implement Saudisation of all Telecom Shops
- August 23,2016
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- Richard Wilson
The Saudi Ministry of Labor and Social Development continues to move aggressively to implement its goal to Saudize the telecom sector – specifically workers in mobile telephone shops – by September 2, 2016. Minister Mofrej Al-Haqbani had previously stated that, “We have no intention of postponing the implementation of the decision or extending the grace […]
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As Civilian Casualties Grow in Yemen, Capitol Hill Questions U.S.-Saudi Arms Deals
- August 16,2016
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- Lucien Zeigler
As casualties mount in the Saudi-led war in Yemen to reinstate the legitimate U.N.-recognized Hadi government, some U.S. lawmakers are considering whether to block the sale of additional arms to Saudi Arabia. It is not known if the potential block has significant backing on Capitol Hill, and criticism of past arms sales to Saudi Arabia […]
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Saudi Capital Market Authority Eases Guidelines for Qualified Foreign Investors
- August 11,2016
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- SUSTG Team
Saudi Arabia’s Capital Market Authority (CMA) Board has approved changes to rules that regulate what type of foreign investor can enter into the Saudi stock market. The changes include 24 Articles that address procedures, requirements, and conditions for the registration of qualified foreign investors (QFIs) with the CMA to invest in listed securities in the Saudi […]
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Is Saudi Arabia’s Economy Turning the Corner?
- August 4,2016
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- SUSTG Team
Saudi Arabia’s non-oil private sector may be showing signs of stabilization after roughly two years of uncertainty and significant economic policy changes, according to new data. A recently published Saudi Arabia PMI by Emirates NBD shows growth in Saudi Arabia’s non-oil private sector accelerated to an eight-month high in July. “July’s survey is encouraging as it suggests […]
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MUST-READS
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Women in Saudi ArabiaHow Women In Saudi Arabia Lived Under King Abdullah
Saudi Arabia has never been known as a progressive place for women to live — women there need permission from a male guardian to undergo certain medical procedures. But after the country’s ruler, King Abdullah bin Abdulaziz, died at 90 this week, one of the most powerful women in the world made a surprising remark about his legacy. Christine Lagarde, the head of the International Monetary Fund, said of the king, “In a very discreet way, he was a strong advocate of women.”
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U.S. - SaudiObama, new Saudi king to discuss Yemen, Islamic State: White House
"Principally, this is to mark this transition in leadership and to pay respects to the family and the people of Saudi Arabia," Obama's deputy national security adviser, Ben Rhodes, said on Monday. "But I'm sure that while we're there, they'll touch on some of the leading issues where we cooperate very closely with Saudi Arabia," Rhodes told reporters in New Delhi.
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Saudi GovernanceSaudi Arabia’s Smooth Succession: The King is Dead, Long Live the King
Outsiders can argue the pace of Saudi reforms during his reign, but King Abdullah presided over the steady modernization and liberalization of the Saudi economy. He also focused on the kind of reform that gets far too little attention in the West, but is more critical both in terms of Saudi stability and Saudi human needs. Unlike almost all the other Arab leaders, he reacted to the political upheavals in the Arab world by putting massive resources into supporting a younger generation that needed education, jobs, and the money for marriage and housing.
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Capital MarketsSaudi Shares Advance in First Trading Day After King’s Death
“The succession plan is clear, things do look politically stable at the moment in Saudi and there’s no panic in the market,” Nabil Rantisi, managing director of brokerage at Mena Corp. Financial Services, said by phone from Amman, Jordan. “Yesterday’s holiday, and the fact that he passed away on Friday, gave investors time to digest the news. The market is attractive, especially as Saudi Arabia is expected to open to foreigners in the second quarter.”
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U.S. - Saudi Military CooperationUS-Saudi Military Relations Expected To Persist Under King Salman
Saudi Arabia is expected to spend more than $56 billion on defense in 2015, according to data compiled by the firm Avascent. Of that, the kingdom is expected to spend nearly $17 billion on new weapons.
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Higher EducationKing Abdullah: A Saudi education revolutionary
The KASP generation of students will return to the kingdom with broader global outlooks and tangible skills to support the kind of private sector-led development that Saudi Arabia needs in its next phase of growth. The program makes long-term economic sense, even with its expensive price tag.
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King Abdullah LegacyFor Saudis, Abdullah redefined what it means to be king
Despite what some considered his "weak" familial ties within the royal family, Abdullah's popularity among Saudis seemed to have been rooted in his realization that the monarch's most important base of support going forward must be the Saudi populace at large. It is noteworthy that even some of the Saudi government's harshest critics both inside and outside the kingdom seldom blamed Abdullah personally for what they considered to be the kingdom's shortcomings.
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King Abdullah 1924-2015Saudis Prepare to Lay King Abdullah to Rest
Salman was to lead prayers at the funeral service for the late king. Abdullah's body, enrobed in white and covered with a simple white cloth, was brought to the Imam Turki Bin Abdullah Grand Mosque in Riyadh and will be buried in an unmarked grave at Al Oud cemetery.
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King Abdullah 1924-2015Middle East leaders mourn Saudi Arabia’s King Abdullah
Leaders from across the Middle East have paid tribute to the late King Abdullah bin Abdulaziz, who died on Friday morning.
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Saudi Oil PolicySaudi Arabia’s New King Probably Will Not Change Current Oil Policy
King Salman, Saudi Arabia’s new ruler, will keep Oil Minister Ali Al-Naimi in his post, bolstering expectations that he will continue the policy of maintaining crude output to preserve market share even as prices have plunged.
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