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Deputy Crown Prince Mohammed bin Salman on U.S.-Saudi Relations: ‘We consider ourselves to be the main ally for the U.S. in the Middle East’
- April 4,2016
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- SUSTG Team
Deputy crown prince Mohammed bin Salman described the U.S.-Saudi relationship as “huge” and reiterated that Saudi Arabia was the main ally for the United States in the Middle East in a recent interview. “Our partnership with the U.S. is huge. Oil is only a small part of it. Oil was just the beginning for us,” […]
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Major Policy Shifts Revealed in Bloomberg Interview with Deputy Crown Prince Mohammed Bin Salman
- April 1,2016
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- SUSTG Team
In an extensive interview with Bloomberg Saudi Arabia’s deputy crown prince Mohammed bin Salman outlined his vision for several major economic initiatives. These include a plan to offer shares in all of Saudi Arabian Oil Company (Saudi Aramco) rather than just it’s downstream and refining assets. “The mother company will be offered to the public […]
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Reduced Consumer Spending, M3 Decline Indicates Saudi Economic Slowdown
- March 29,2016
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- SUSTG Team
Central bank data released on Monday shows Saudi consumers withdrew and spent less money in February and a key money supply metric “shrank for the first time since at least 2000,” according to Bloomberg. M3 dropped 0.9 percent from a year earlier last month. According to Reuters, narrower money supply measures M1 and M2 also […]
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Saudi Film Festival Features Highlights Growing Enthusiasm for Independent Filmmakers
- March 25,2016
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- SUSTG Team
Close to 400 enthusiastic film fans filled a hall for the opening ceremony of the 3rd annual Saudi Film Festival at a culture and arts centre in the Gulf coast city of Dammam on Thursday night. 112 candidates are participating with 70 films nominated for the awards. 24 of the filmmakers are Saudi women and […]
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Washington Welcomes Saudi Move to Wind Down Yemen Campaign
- March 18,2016
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- SUSTG Team
Saudi Arabia has said its military coalition will scale back operations against the Iranian-backed Houthis in Yemen, according to reports. Brigadier General Ahmed al-Assiri told AFP in an exclusive interview that the coalition is, “in the end of the major combat phase.” “We would welcome and do welcome” that statement, White House spokesman Josh Earnest […]
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Obama to Visit Saudi Arabia in Wake of Heated Debate Regarding U.S. Middle East Policy
- March 17,2016
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- Lucien Zeigler
U.S. President Barack Obama will visit Saudi Arabia in April, his third time visiting Saudi Arabia while president. In September 2015, Saudi Arabia’s King Salman visited the United States with his son and Deputy Crown Prince and Minister of Defense Mohammed bin Salman. And, last spring, Obama invited the Saudis and other Persian Gulf Arab […]
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NYT Report Documents Former Ambassador Al-Jubeir Efforts to Enlist U.S. Support for Saudi Campaign in Yemen
- March 14,2016
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- Lucien Zeigler
A New York Times report by Mark Mazetti and Eric Schmitt sheds light on Saudi Arabia’s efforts to enlist the Obama Administration’s support for taking military action in Yemen last year. The decision to support Saudi Arabia came after two days of meetings in March 2015 between then-Ambassador to the United States Adel Al-Jubeir and top officials in the […]
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Secretary Kerry Makes Second Trip to Saudi Arabia in 2016
- March 11,2016
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- Lucien Zeigler
Secretary of State John Kerry is en route to Saudi Arabia now for his second visit to the Kingdom since the start of 2016. Secretary of State John Kerry will travel March 11 to Hafar al Batin, Saudi Arabia to meet with senior government officials to discuss a variety of topics, including efforts to resolve […]
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Riyadh to Keep Arms Originally Bound for Lebanese Army
- March 7,2016
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- SUSTG Team
Saudi Arabia will honor its contracts with French defense companies for $3 billion in arms previously bound for Lebanon as military aid, but will keep the equipment for its own army, foreign minister Adel Al-Jubeir said. Saudi Arabia recently withdrew its promise of $3 billion in military aid and $1 billion for security services over […]
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Borrowing by Arab Governments More than Doubled Last Year as Energy Producing Nations Feel the Pinch
- March 2,2016
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- SUSTG Team
Borrowing by Arab governments more than doubled last year and is forecasted to remain high in 2016, according to the ratings agency Standard and Poor’s (S&P). Last year, Saudi Arabia borrowed $26 billion, and in total, GCC Governments borrowed $40 billion overall. Egypt borrowed the most of any Arab nation with $44 billion. S&P projects […]
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Israel-HamasIsraeli forces kill Hamas militant in West Bank raid
Israeli troops shot dead a Hamas fighter on Wednesday who the military said was responsible for an attack that killed a rabbi in a drive-by shooting in the occupied West Bank earlier this month.
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2016 U.S. Presidential ElectionDonald Trump’s Muslim ban’s implications in 5 maps
Donald Trump's latest proposal to stop immigration "from any nation that has been compromised by terrorism" is an "expansion" of his blanket ban on Muslims, he said in an interview that aired Sunday.
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BahrainBahrain: Journalist Faces Prosecution, Travel Ban
A Bahrain prosecutor on July 17, 2016, charged a correspondent for a French media outlet with violating the country’s licensing law for journalists, Human Rights Watch said today. The criminal charges against the journalist, Nazeeha Saeed, who has covered Bahrain’s domestic unrest for France 24 since 2009, violate her right to free expression and further undermines media freedom in Bahrain.
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LebanonAs Yemen War Rages, Iran-Saudi Tensions Seethe in Lebanon
By speaking out so publicly against the kingdom, Hezbollah has demonstrated that previous red lines are now irrelevant and that there is a new status quo – one in which the non-state actor has little to fear from Saudi Arabia.
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AfghanistanU.S. officers hopeful as Taliban violence unexpectedly slips
After inflicting heavy losses on weakened Afghan security forces a year ago, the Taliban under new leadership have been surprisingly slow to ramp up attacks at the midpoint of the traditional fighting season, senior American military officers said Sunday.
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BankingSaudi’s largest lender National Commercial Bank says profit rises on higher lending
Saudi Arabia’s largest listed lender, National Commercial Bank (NCB), reported a 3.2 per cent increase in second-quarter net profit on Sunday, which was at the low end of analysts’ forecasts.
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IraqIraq: Thousands defy ban to protest against corruption
Thousands of Iraqis have defied a protest ban and rallied in the heart of the capital, Baghdad, to demand an end to sectarianism and corruption.
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YemenExclusive: Yemen slides closer to famine as frozen bank funds curb food imports
Many areas of Yemen are close to famine partly because importers are unable to buy new food stocks from abroad as over $200 million is stuck in banks due to the civil war disruption, trade and aid sources involved say.
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Saudi Bond SaleGoldman, Deutsche Bank Said Among Saudi Bond Lead Managers
Saudi Arabia appointed six banks as co-lead managers on its first international bond sale as the country looks to plug a budget deficit caused by the drop in oil prices, according to people familiar with the matter.
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U.S.-SaudiSaudi Arabia lifts four-year ban on US beef imports
Under a new agreement, US exporters will initially be able to sell beef from cattle under 30-months of age.
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