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Opening of New Terminal at Prince Mohammed Bin Abdulaziz International Airport (PMIA) in Medina Shows Possibility of Public-Private Partnerships in Saudi Arabia
- July 3,2015
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- SUSTG Team
The General Authority of Civil Aviation (GACA) and Tibah Airports Development Company today announced the opening of the new terminal at Prince Mohammed Bin Abdul Aziz International Airport (PMIA) in Madinah Al-Munawarah, Kingdom of Saudi Arabia, according to a press release. The opening of the new terminal at Prince Mohammed Bin Abdulaziz International Airport (PMIA) […]
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Saudi Arabia Tops List of Military Spending as Percentage of Overall GDP
- July 2,2015
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- SUSTG Team
Saudi Arabia’s military budget grew by 17 percent last year, and the military now amounts to at least 10.4 percent of the kingdom’s GDP, according to an estimate from SIPRI. That is by far the largest military spending by GDP in the world. According to an infographic of the SIPRI data done by Forbes and […]
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Oil Prices and the Saudi Stock Exchange (Tadawul)
- July 1,2015
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- SUSTG Team
A recently released report by Jadwa Investment, entitled, “Oil Prices and the Saudi Stock Exchange (Tadawul),” examines both the real and sentimental changes in the Saudi stock market as a result of lower oil prices. “With Saudi Arabia being a predominantly oil-based economy, major changes in the price of oil are likely to be followed by […]
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Saudi Oil Export Revenues Down 46% in 2015 as Drawdown on Net Foreign Assets Continues
- June 30,2015
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- SUSTG Team
Saudi Arabia exported 1.4 billion barrels of oil in the first half of the current year for a total revenue value of SAR305 billion ($81.33 billion), according to latest figures. These revenue figures are down about 46% from the same period last year. The Kingdom also consumed about 23% of all the oil it produced for […]
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Laughing Off Daesh Threats: Saudi Comedian Uses Satire Against Self-Described Islamic State
- June 25,2015
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- SUSTG Team
A Saudi comedian threatened with beheading by Islamic State supporters on social media, and accused of apostasy by a Saudi Imam, says he will continue to use humor as a tool against the extremist group. Nasser al-Qasabi is a 53 year-old Saudi comedian. A recent sketch, entitled ‘Selfie’, which aired on the Saudi television channel MBC, […]
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Saudi Arabia’s Shura Council Votes ‘No’ On Proposed Unity Law
- June 22,2015
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- SUSTG Team
A new proposal to implement a new legal system to “protect national unity” was voted down by Saudi Arabia’s 150-member Shura Council as “unnecessary,” according to reports in the Saudi Gazette. Put forth by the Islamic and judicial committee, the proposal “implies the necessity of establishing an entire legal body to deal with one issue, which is […]
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Saudi Arabia Reduces Crude Exports, Refining More at Home
- June 19,2015
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- SUSTG Team
Saudi Arabia reduced crude oil exports in April but used record supplies domestically for a burgeoning refining industry, Bloomberg’s Wael Mahdi reports. Shipments in April fell by an average of 160,000 barrels a day, down to 7.6m BPD from 9m BPD in March. The March shipments were the highest in almost a decade, according to […]
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Fahad Nazer: ‘ISIS Will Fail in Saudi Arabia’
- June 16,2015
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- SUSTG Team
After two bombings hit two soft targets in Saudi Arabia, the self-described Islamic State, or Daesh, has its sights set on Saudi Arabia, but the extremist group is unlikely to succeed in the Kingdom, writes Gulf expert Fahad Nazer. Nazer, a Saudi writer based in the United States whose contributions are featured on CNN, Washington […]
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Video Released by King Abdulaziz Center for National Dialogue Asks Youth to Rethink Biases
- June 12,2015
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- SUSTG Team
A powerful video campaign released by the King Abdulaziz Center for National Dialogue asks Saudi youth to rethink their biases. Joseph Braude at the Foreign Policy Research Institute shares the video with English subtitles, which has garnered 150,000 views in 48 hours and sparked a discussion in the kingdom about how to stem sectarian conflict. As Braude […]
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Is it Crunch Time for Saudi Arabia’s Yemen Operation?
- June 11,2015
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- SUSTG Team
In an in-depth analysis in Reuters, Angus McDowall writes that following Saudi Arabia and the GCC’s lack of success in significantly tipping the scales in Yemen with airstrikes, the limited options for Saudi Arabia’s leadership in the war-torn country come with high risks. With the possibility of a ground operation apparently ruled out, “Riyadh may soon […]
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Saudi StocksSaudi banks lifted by end of contract freeze for debt-laden builder
Banking stocks helped Saudi Arabia's index rebound from a two-week low on Thursday after the government ended builder Saudi Binladin Group's ban on bidding for state contracts, potentially easing the strain on a company heavily in debt to local lenders.
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Saudi BinladinSaudi Arabia lifts project bidding ban on crisis-hit Binladin Group
Saudi Arabia’s government is allowing major builder Saudi Binladin Group to resume bidding for state projects, al-Watan newspaper reported on Thursday, in a decision that may ease financial pressure on the troubled firm and banks which lend to it.
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U.S. Middle East PolicyPerspective: America Will Regret Abandoning the Middle East
The surreal presidential campaign unfolding this year has highlighted the gap between the foreign policy elite and voters. It has upended the foreign policy establishments of both parties and, in a curious way, is producing a new bipartisan consensus — one that abjures American involvement in the Arab world.
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Water ShortageGlobal water shortages to deliver ‘severe hit’ to economies, World Bank warns
Water shortages will deliver a “severe hit” to the economies of the Middle East, central Asia, and Africa by the middle of the century, taking double digits off their GDP, the World Bank warned on Tuesday.
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Saudi BinladinSBG worker issue to be resolved says Labour Minister Mufrej Al Haqbani
Al Haqbani, speaking to reporters at a business conference in Riyadh, said some Binladin workers would get their salaries this month, and some later. He did not say how Binladin would obtain the money to pay its staff.
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