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Deputy Crown Prince Mohammed bin Salman Arrives in Washington, Photographed for the First Time Wearing Western Business Suit
- June 14,2016
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- Lucien Zeigler
Deputy Crown Prince Mohammed bin Salman arrived in Washington, D.C. on Monday and met with Secretary of State John Kerry in Georgetown for an informal dinner. Prince Mohammed’s arrival marks the first time he has been photographed or filmed wearing western clothing. The prince typically wears traditional Saudi clothing both at home in the Kingdom and […]
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As Vision 2030 Details are Rolled Out, International Banks and Others Look for Opportunities
- June 8,2016
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- Lucien Zeigler
International banks are jockeying for a role in Saudi Arabia’s plans to list part of state-owned Saudi Aramco for an Initial Public Offering (IPO), according to a report in Reuters. Financiers around the world are keen to cash in on a cornerstone of the recently-announced “Vision 2030” economic and social plan, with banks preparing for […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman to Visit Washington Mid-June
- June 6,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman will visit Washington, D.C. and other cities in the U.S. in June, as the influential Saudi official plans to discuss both foreign policy and economics, according to sources cited by several news outlets. Because Prince Mohammed is both Minister of Defense and President of the key Council […]
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2015 Aramco Annual Review Highlights Record Year of Production
- June 3,2016
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- SUSTG Team
Saudi Aramco’s recently released Annual Review 2015 confirms that the state-owned company produced at record levels last year – averaging 10.2 million barrels per day. The report, which features highlights of the company’s 2015 performance, also said total refining capacity stood at 3.1 million barrels per day, “reflecting successful rapid expansion downstream, optimizing the overall […]
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Graphic: A Capital Punishment Uptick in Saudi Arabia; Kingdom Trails China and Iran
- June 1,2016
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- SUSTG Team
Saudi Arabia may put more than 100 people to death in the first six months of this year and is on pace for a record-setting year after a dramatic surge in executions in 2015, according to reports. Saudi Arabia has executed 95 people this year, with about half of that figure resulting from the execution of […]
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Mine Kills Saudi Border Guard, Wounds Three Others on Yemen Border as Peace Talks Flail
- May 24,2016
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- SUSTG Team
A Saudi border guard was killed and three others were wounded by a land mine that exploded while on patrol alongside the border with Yemen on Monday, according to reports. According to the Saudi Press Agency, the blast injured the soldiers in Saudi Arabia’s southern Jazan Province on the border with Yemen. Reuters reports that it was not immediately […]
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G.E. Jumps Into Saudi Economic Reforms with $1.4b in Deals, Doubled Workforce
- May 23,2016
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- SUSTG Team
General Electric (G.E.) has won a series of deals in Saudi Arabia worth $1.4 billion and said it would double its workforce in the Kingdom from 2,000 to 4,000 by 2020, according to reports. The deals amount to “support” for Saudi Arabia’s “Vision 2030” reform plan, according to Reuters, and were announced by the company’s […]
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Saudi Aramco Energy Ventures Steps Up Investments in U.S.
- May 13,2016
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- SUSTG Team
Saudi Aramco ventures, the venture capital arm of the state-owned Saudi oil giant, has increased its investments in early stage and high growth companies in energy, petrochemicals, and renewables recently with two investments into U.S. companies, according to Forbes. The Dhahran, Saudi Arabia-based VC can is looking to invest $1 million and $30 million per […]
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How Riyadh’s King Abdullah Financial District’s Future Has Shifted
- May 11,2016
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- SUSTG Team
Riyadh’s unfinished King Abdullah Financial District (KAFD) located halfway between downtown Riyadh and King Fahd International Airport is headed for new ownership and a revised master plan. KAFD – the city within a city that was originally designed to be home to the Kingdom’s banks and international financial houses – will soon be owned by […]
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Ahead of ‘Vision 2030’, Saudi Arabia Tested Foreign Lending Appetite
- May 6,2016
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- Lucien Zeigler
Ahead of Saudi Arabia’s landmark Vision 2030 announcement, the Kingdom tested its credit-worthiness from international lenders by raising $10 billion, despite downgrades by Moody’s and Standard & Poor’s (S&P) earlier this year. Not only was Saudi Arabia able to easily raise the funding, the issuance was oversubscribed – so much so that the Kingdom increased […]
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MUST-READS
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PalestineThe Radical Women at the Heart of Palestine’s First Intifada
An illuminating new documentary, ‘Naila and the Uprising,’ spotlights the female activists who held up a movement—and fought for both Palestinian liberation and gender equality.
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PetrochemicalsAramco-SABIC partnership will give Saudi economy ‘more flexibility’
Integration between Saudi Aramco and Saudi Basic Industries (SABIC) in refining and the petrochemicals will create more flexibility in the kingdom’s economy, according to a new analysis from BMI Research.
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Islamic Military Counter Terrorism CoalitionSaudi vows new Islamic alliance ‘will wipe terrorists from the earth’
The summit is the first meeting of defence ministers and other senior officials from the Islamic Military Counter Terrorism Coalition, which officially counts 41 countries and identifies as a "pan-Islamic unified front" against violent extremism.
- CNN - Saudi Prince: Islamic military coalition will fight terrorism until 'eradicated'
- Asharq Al-Awsat - Saudi Crown Prince: Biggest Danger of Terrorism is Distorting the Name of Islam
- U.S. News - Egypt Attack to Spur on Saudi-Backed Muslim Military Alliance: Crown Prince
- Gulf News - Saudi Crown Prince opens mega anti-terror meeting in Riyadh
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U.S.-Saudi RelationsCommentary: Has Kushner given Riyadh carte blanche?
The State and Defense departments have urged Riyadh and Abu Dhabi to ease their pressure campaigns on Qatar and Lebanon and improve aid access in Yemen to avert catastrophic famine. But Saudi and Emirati officials have suggested to US diplomatic interlocutors that they feel they have at least tacit approval from the White House for their hard-line actions, in particular from President Donald Trump and his son-in-law and senior adviser, Jared Kushner, who Trump has tasked with leading his Middle East peace efforts.
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Corruption CrackdownSaudi Graft Suspects Are Starting to Make Payments for Freedom
Saudi suspects being held as part of the kingdom’s crackdown on alleged corruption are starting to make payments to settle cases in exchange for freedom, according to people with knowledge of the matter.
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IranIran earthquake: Khamenei criticises government’s response
He said "officials from some sectors" needed to "double their efforts". The 7.3-magnitude quake near the north-western border with Iraq killed at least 437 people and injured 10,000.
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Climate PolicySaudi Arabia part of solution to tackle climate change: Al-Falih
Al-Falih is leading Saudi Arabia’s delegation to COP23 in Bonn. In his foreword posted on the Kingdom’s official website for COP23, he said: “Saudi Arabia hopes that the ‘era of implementation’ marked by COP23 will further clarify the frameworks that will make the agreement to provide the support for all nations to achieve their climate-change goals.”
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USAIDRedesigning the US State Department and USAID assistance programs
he Trump administration is in the midst of redesigning U.S. foreign assistance to improve its effectiveness and efficiency—a commendable exercise that has garnered interest not just within the administration but also in Congress and civil society.
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CitigroupCitigroup to be fully operational in Saudi Arabia in first quarter of 2018
Citi lost access to the largest Arab economy when it sold its stake in Samba Financial Group in 2004. The US-headquartered bank, which has operations in more than 160 countries and jurisdictions, will initially have 15 to 20 people present on the ground in the kingdom.
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Prince Mohammed bin SalmanThe Upstart Saudi Prince Who’s Throwing Caution to the Winds
With the tacit backing of his father, Saudi Arabia’s 32-year-old crown prince has established himself as the most powerful figure in the Arab world, rushing into confrontations on all sides at once.
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