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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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U.S. Policy and the GulfObama’s Legacy in the Gulf: Despite Disgruntlement, U.S. Remains Indispensable
On balance, the dark cloud that has formed over U.S.-Gulf relations probably does represent, as Prince Saud suggested, a transitory result of simultaneous unfortunate outcomes for which no country is entirely to blame. How long that cloud will hover depends on the outcome of the nuclear negotiations with Iran, the effort to contain ISIS, the dubious future of Yemen, the stability of Iraq, the situation in the West Bank, and as always in the Middle East, on the inevitable “black swan” events for which no one in the region, or in Washington, will be prepared.
Obama as an individual will not be fondly remembered when he leaves office, but he will be in good company. In the Gulf, it often seems as if the last prominent American policymaker still admired and respected is James A. Baker III, secretary of state at the time of Desert Storm.
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Syrian Opposition ForcesRebels in northern Syria say U.S. has stopped paying them
A top civilian coordinator for rebel forces estimated that the cutoff affects 8,000 of the estimated 10,000 fighters in Idlib and Hama provinces, where the so-called moderate rebels face a severe challenge from the Nusra Front, al Qaida’s affiliate in Syria. Commanders said CIA operatives told them the cutoff was the U.S. response to the Nusra gains, which have included the seizure of U.S.-supplied weapons from moderate rebel forces in recent weeks.
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U.S. Congress and IranU.S. lawmakers pausing on Iran sanctions over nuclear talks
But many lawmakers seem to be having second thoughts about their vows to immediately hit Iran with new economic penalties if Tehran's negotiators didn't agree to curb the nation's controversial nuclear program in negotiations that reached a one-year deadline last week. Instead, it appears that additional penalties probably will be delayed at least four months, which is the latest deadline for the negotiations between Iran and six world powers.
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Saudi Oil PolicySaudi Slashes January Oil Prices For Asia, U.S.
The discounts on Saudi crude oil for Asian customers in January were the biggest since at least 2002, according to Reuters data, while prices were cut to the United States for the fifth month in a row. “(The) Saudis are making it clear they don’t want to lose market share,” Richard Mallinson, an analyst at consultancy Energy Aspects, told the Reuters Global Oil Forum.
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U.S. Anti-ISIS StrategyNew U.S. military command established for Iraq and Syria operations
The military has provided few details about the new task force, but said in a news release Friday that it will replace U.S. Central Command as the organization releasing information about the mission.
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U.S. Syria StrategyU.S. options in Syria shrivel as Islamists, Assad gain
The fortunes of potential U.S. allies among Syrian rebel groups are ebbing fast as hardline Salafist groups and especially al Qaeda's affiliate go on the offensive. The past month has dealt further reverses to already-beleaguered moderate groups, whose presence in the critical northern provinces of Idlib and Aleppo has further eroded.
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Pakistani TalibanPakistani Taliban squeezed by Afghan revolt, U.S. drone strikes
Pakistani Taliban militants holed up in Afghanistan are being squeezed by U.S. drone strikes and a revolt against them, a trend that could disrupt the insurgents' capability to strike in Pakistan. For years, Pakistani Taliban commanders fighting the Pakistani state have been hiding in remote areas of east Afghanistan, plotting attacks and recruiting.
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Anti-ISIS CampaignU.S.-led coalition has weakened Islamic State, Kerry says
"Our commitment will be measured most likely in years but our efforts are already having a significant impact," Kerry said at the start of a first meeting of ministers from a coalition of more than 60 countries that Washington has assembled to destroy Islamic State, which is also known as Daesh.
- LA Times - Recent Iran airstrikes in Iraq help drive Islamic State from 2 towns
- The Hill - Lawmakers question Turkey's efforts to stop foreign ISIS fighters
- Reuters - United States Already Has Ties With Some Potential Syrian Rebel Recruits
- McClatchy - Anti-ISIS Coalition Seen Behind Group's Decision to Suspend Cellphone Service in Mosul
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U.S. Military in IraqU.S. seeks to build lean Iraqi force to fight the Islamic State
After learning hard lessons rebuilding foreign militaries over the past dozen years, the U.S. military is shifting its strategy against the Islamic State, choosing to train a smaller number of Iraqi soldiers rather than trying to stand up an entire army anew.
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U.S. - GCCThe Return of Strong GCC-U.S. Strategic Relations
The United States has obviously re-engaged in the Middle East for the long-term. Equally clear, the GCC states have committed to a broader and more assertive role in the region. As geo-political and geo-strategic realities and conditions develop over the next weeks and months, it will likely become increasingly evident that a strengthened U.S.-GCC relationship is the only practical and prudent alternative for the United States, the GCC countries, and the world at large to help attain and maintain a semblance of sustained stability in the Middle East.
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