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Jadwa Investment May 2015 Chartbook: SAMA Reserves Fall on Government Spending, Consumer Data Healthy
- May 4,2015
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- SUSTG Team
Jadwa Investment’s recently released May 2015 Chartbook found a decline in Saudi Arabian government reserves for a 6th straight month and overall healthy consumer consumption data. In March, net government accounts with SAMA fell by a total of $9.5 billion (SR 35.7 billion), continuing a negative monthly change for the sixth consecutive month, the Riyadh-based investment […]
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Lockheed, Arabsat/KACST in Satellite Deal to Boost Media in Saudi Arabia and Middle East
- April 28,2015
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- SUSTG Team
Arabsat and King Abdulaziz City for Science and Technology (KACST) announced in a press release today contracts for Lockheed Martin to manufacture two A2100 communications satellites, in a bid to provide TV, internet, telephone and secure communications to customers in the Middle East. “The two satellites ordered by Arabsat will strengthen the Arabsat fleet to […]
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Why California Can Learn from Saudi Arabia’s Water Challenges
- April 23,2015
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- SUSTG Team
California has serious water challenges as Governor Jerry Brown issued a mandatory restriction on usage for the first time. Writing on revealnews.com in an excellent in-depth examination between the two countries, Nathan Halverson notes that Saudi Arabia’s challenges with water present lessons for the largest state in the U.S. Halverson dives into the history of […]
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Strategic Pivot in Yemen Campaign as Saudi Announces Halt in Airstrikes
- April 22,2015
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- SUSTG Team
Saudi Arabia has announced a phase shift in its 27-day long airstrike campaign on Houthi positions in Yemen “at the request of Yemen’s President Hadi, the official SPA, SUSRIS and other outlets are reporting. But not long after the announcement, reports indicate that the battle continues on in Yemen. Saudi airstrikes continued following a rebel […]
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Saudi Arabia’s Stock Market: Opening Up the Tadawul to Qualified Foreign Investment
- April 20,2015
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- SUSTG Team
Last week the Capital Markets Authority (CMA) confirmed that the Saudi Arabia will open up the region’s largest, diverse and most mature capital market, the Tadawul, to qualified foreign institutional investors (QFIs) by June 15th, 2015. With a market capitalization at $528bn, investors are queueing up and appear “ready to accept the political and financial risks as they […]
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Saudi Arabia’s Stock Market to Open to Foreign Investment June 15th
- April 16,2015
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- SUSTG Team
Saudi Arabia will open its stock market to wider foreign investment on June 15th, 2015, according to a breaking news story in Reuters. A report yesterday in Bloomberg found that Saudi Arabia’s Capital Market Authority had not provided clarity about how new rules permitting foreign investment in the Tadawul will square with existing rules preventing foreign access. “Final […]
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Saudi Arabia Overhauls Labor Laws, May Allow ‘Proven Businessmen’ to Visit Kingdom Without Sponsorship
- April 7,2015
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- SUSTG Team
Saudi Arabia’s Labor Minister Adel Al-Fakeih has introduced 38 amendments to the country’s labor legislation that includes more training for Saudi workers, longer fixed-term contracts, and greater inspection powers for ministry officials, according to reports. The announcement by Fakeih coincides with news that Saudi Arabia’s Shoura Council has urged a relaxation of visa restrictions on […]
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Saudi Arabia’s Brig. Gen. Ahmad Asseri Puts Daily Face on Saudi Strikes into Yemen
- April 6,2015
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- SUSTG Team
As Saudi Arabia’s airstrikes into Yemen extend into a third week, the government’s daily face of the campaign is Brig. Gen. Ahmad Asseri, who gives a daily press briefing featuring photos, videos and other images highlighting the Saudi strikes into Yemen. These photos and videos have been released and disseminated to Saudi media and are circulated […]
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Photos: Saudi Arabia’s Military Displays ‘Swagger’ as Yemen Conflict Heats Up
- April 1,2015
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- SUSTG Team
Saudi Arabia’s Press Agency (SPA) has featured a number of photos in recent weeks highlighting the advanced capability of the Kingdom’s armed forces, including stills and videos from airstrikes conducted in neighboring Yemen. The SPA and other Saudi media outlets have been touting Saudi Arabia’s military prowess as the conflict against Houthi rebels in Yemen […]
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Fears of an ‘All Out War’ Grow in Neighboring Yemen as Rival Factions Look to Iran and Saudi Arabia for Help
- March 24,2015
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- SUSTG Team
Tensions are escalating in Yemen as Iranian-backed Houthi militias and forces loyal to ousted President Abd-Rabbu Mansour Hadi, backed by Saudi Arabia, are “squaring off for battle after months of skirmishes,” Reuters reports. “With President Abd-Rabbu Mansour Hadi seeking a comeback from the port city of Aden while the Shi’ite Houthi movement controls the capital Sanaa, […]
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MUST-READS
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ExportsSaudi Arabia lifts export bans on cement, steel
Saudi Arabia has lifted a ban on exporting cement, a senior industry official was quoted as saying on Tuesday, while an industry source indicated a similar ban on steel has also been eased.
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AfghanistanTaliban announce start of spring offensive in Afghanistan
The Taliban announced the start of their spring offensive on Tuesday, pledging to launch large-scale offensives against government strongholds backed by suicide and guerrilla attacks to drive Afghanistan's Western-backed government from power.
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Saudi BinladinSaudi Binladin Group taps Morgan Stanley banker
Saudi Binladin Group has tapped a veteran Morgan Stanley banker as its new chief financial officer as the construction conglomerate is looking to reduce a multibillion debt pile caused in part by the low oil prices, a person familiar with the matter said Monday.
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Women DrivingTop Saudi cleric reiterates support for ban on women driving
Saudi Arabia's most senior cleric has reiterated his support for the kingdom's ban on women driving, arguing it is "a dangerous matter that exposes women to evil."
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U.S. Middle East PolicyLindsey Graham just said the U.S. should bankroll a Marshall Plan for the Middle East
Graham wants an emergency appropriation specifically for Egypt, Jordan and Lebanon, money to provide those countries with weaponry and equipment that will help to secure their borders. Additional funds would go to Israel to boost its security operations.
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Saudi-LebanonSaudi Arabia’s bitter Lebanese divorce
The cartoon's stinging message, that the Lebanese government is a fictitious joke, reflects Saudi Arabia's conviction that the Shi'ite group Hezbollah, backed by Riyadh's regional rival Iran, now pulls the strings in Beirut.
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Saudi-IranSaudi Arabia Reportedly Bans Tankers With Iran Oil From Its Waters
According to traders and shipbrokers who spoke to the Financial Times, Saudi Arabia has banned tankers transporting Iranian oil from entering their waters.
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Saudi-IranSaudi Arabia bans Iran’s Mahan Air from flying into kingdom
The kingdom's General Authority of Civil Aviation issued the order Monday night, saying in a statement it banned the airline over "systematic violations" of the country's safety regulations and laws.
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Taliban TechThe Taliban’s quest for a digital audience hits a hitch: its new app has “technical issues”
Tore Hamming, a militant Islamism researcher at the European University Institute, told The Guardian that the technological development is likely a reflection of the Taliban’s rivalry with ISIL, the terrorist group also known as ISIS or the Islamic State.
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Saudi-LebanonSaudi-Iranian Tensions at Play In Lebanon
“It is not a matter of money," he said. "The Saudi decision is about trust, which is more important than money.”
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