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Recent stories from sustg
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As GCC Ministers Meet in Riyadh to Discuss Yemen, Houthis Conduct Military Drill on Saudi Border
- March 13,2015
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- SUSTG Team
Not long after it was reported that GCC Ministers had invited representatives from the Houthi militia to Riyadh to participate in talks, the Houthis conducted a military exercise involving “thousands of Shi’ite Muslim Houthi fighters” near Saudi Arabia’s border, according to reports. “The drill in the al-Buqa region in the Houthis’ home province of Saada included heavy […]
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Report Sheds Light on Saudi Oil Policy Decision Making During Price Drop
- March 10,2015
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- SUSTG Team
An exhaustive report in the Financial Times (a paywalled source) by reporter Anjli Raval sheds light on Saudi thinking and strategy during the fall in the price of oil from highs in the summer of 2014. The report, which requires subscription to read, follows Saudi policy and events in oil markets, month to month, starting in June […]
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Sisi in Saudi Arabia as Kingdom Strengthens Diplomatic, Security Ties with Egypt
- March 2,2015
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- SUSTG Team
Egypt’s President Abdel Fatteh el Sisi visited Saudi Arabia for talks with King Salman over the weekend as cooperation between the Kingdom of Saudi Arabia and Egypt on diplomatic and security challenges reaches a high point. Sisi, whose rise to power was a defeat for the Muslim Brotherhood that has long been at odds with Saudi […]
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King Salman’s Cash Payments Give One-Off Jolt to Saudi Economy
- February 25,2015
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- Lucien Zeigler
After the death of King Abdullah and the smooth succession to Saudi Arabia’s new King Salman, the new Custodian of the Two Holy Mosques announced a one-off $32.3 billion spend of two months of wages and other cash handouts to Saudi citizens, government employees, soldiers, pensioners and students on government stipends at home and abroad. After the announcement, […]
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Prince Turki al Faisal Says Poorly-Coordinated ‘Pinprick’ Attacks on Daesh Are Too Limited to Succeed
- February 20,2015
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- SUSTG Team
Saudi Arabia’s Prince Turki al Faisal told NPR that limited attacks on the self-styled Islamic State, or Daesh, are unlikely to work and that efforts thus far have been “disjointed.” “Having simply these pinprick attacks on certain areas is not going to resolve the issue,” al Faisal said, and added, “You really have two air […]
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Kechichian: How will Saudi Foreign Policy Evolve Under King Salman?
- February 19,2015
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- SUSTG Team
Following the successful and smooth transition of power from Saudi Arabia’s King Abdullah to the new King Salman, all eyes are on how the new Custodian of the Two Holy Mosques will navigate the regional and global foreign policy landscape. Although King Salman kept on the Minister of Foreign Affairs, Prince Saudi al Faisal, major […]
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#FocusKSA – Saudi Arabia in Transition – Fahad Nazer and Theodore Karasik [Full Video]
- February 17,2015
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- SUSTG Team
SUSTG’s Richard Wilson and SUSRIS’ Patrick Ryan held an online discussion with Theodore Karasik and Fahad Nazer to discuss Saudi Arabia’s transition in leadership and the implications for the Kingdom’s domestic, regional policies. Introductory and overview remarks by each speaker can be watched at the links below.
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Despite Falling Oil Prices, Saudi-Dow Chemical $20 Billion Chemical Plant Going Ahead
- February 17,2015
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- Lucien Zeigler
Despite a significant fall in oil prices since July 2014, Saudi Arabia’s joint venture partnership with Dow Chemical to build a $20 billion chemicals plant is going forward with an estimated completion date at full output of 2017, according to a report in Bloomberg based on comments made by a company official in Dubai. The ambitious […]
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SUSTG/SUSRIS Exclusive: Gulf Experts Fahad Nazer and Theodore Karasik Discuss Saudi Arabia’s New Leadership and Implications for Domestic, Regional Challenges
- February 16,2015
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- SUSTG Team
Last week, SUSTG’s Richard Wilson and SUSRIS’ Patrick Ryan held an online discussion with Theodore Karasik and Fahad Nazer to discuss Saudi Arabia’s transition in leadership and the implications for the Kingdom’s domestic, regional policies. The discussion, part of a SUSTG and SUSRIS’ ongoing FocusKSA series of conversations with Saudi leaders and experts in the public […]
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For Saudi Arabia, Instability in Yemen Poses Political, Security, and Economic Challenges
- February 11,2015
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- SUSTG Team
As the political crisis in Yemen intensifies following a Houthi takeover that some in the Gulf are calling a “coup,” two recent essays provide useful analysis on the serious challenges facing Saudi Arabia and its new King Salman. Writing for the Carnegie Endowment for International Peace blog, Khaled Fattah discusses the current situation in Yemen […]
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MUST-READS
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Family BusinessesEconomics 101: Family at the heart of business
One of the GCC’s distinguishing traits is the prevalence of family-owned conglomerates, with family businesses accounting for up to 80 per cent of non-oil GDP. Why do family firms continue to play such an important role in the global economy?
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Saudi AramcoSaudi Aramco close to selecting partner for infrastructure projects
Oil giant Saudi Aramco is close to selecting a partner for a joint venture it plans to set up to oversee government-related infrastructure projects in Saudi Arabia, said a report, citing sources familiar with the matter.
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Saudi AramcoSaudi Aramco close to choosing partner for project management JV
Oil giant Saudi Aramco is close to selecting a partner for a joint venture it plans to set up to oversee government-related infrastructure projects in Saudi Arabia, sources familiar with the matter said.
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Home DeliveryMaking grocery deliveries is hard on Saudi startups
Plenty of Saudi startups are trying to enter the online grocery shopping and delivery market, but they face many diverse challenges.
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DiversificationSaudi Aramco IPO part of Kingdom’s diversification plan
The PIF will aid in the Kingdom’s economic expansion by increasing the amount of foreign investment as well as investing in industries beyond oil, such as financial services, mining, technology, and others.
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Budget DeficitSaudi Quarterly Budget Deficit Narrows With Oil Income Surge
The budget deficit for the three months to March was 26.2 billion riyals ($7 billion), the finance ministry said in a report on Thursday. That compared with 91 billion riyals in the period a year ago, according to Bloomberg calculations using the official data.
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Transportation and LogisticsHHI & Saudi Arabia’s Bahri to develop smart ship technology together
South Korea’s top shipbuilder Hyundai Heavy Industries Co. has joined hands with Saudi Arabia’s national shipping company to develop cutting-edge smart ship technology as part of efforts to foster its smart ship business.
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Shale Oil ProductionWhy OPEC Lost The War Against Shale, In Four Charts
it's desperation time for OPEC which is now throwing out every possible trial balloon to see what sticks with headline scanning algos and pushes the price of oil higher, if only temporarily.
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Ma'adenSaudi’s Ma’aden posts 41.9% rise in first-quarter profit
Saudi Arabian Mining Co (Ma’aden), the Gulf’s largest miner, posted a 41.9 per cent rise in first-quarter net profit on Sunday, beating analysts’ forecasts as sales volumes rose and aluminium and gold prices climbed.
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Saudi ArtistsSaudi artists seen ‘pushing’ boundaries
"You know everything (is) changing now, life changing, artists pushing borders more and more", he told AFP on the sidelines of the UNESCO NGO Forum which ended Thursday in Riyadh.
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