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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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LebanonGulf Economic Statecraft Hits Lebanon
The “value for money” priority in foreign aid and foreign policy developing in the Gulf states, particularly Saudi Arabia and the UAE, is an emerging doctrine that is meant to put regional allies on notice.
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AfghanistanHopes for peace between Afghanistan, Taliban fade
Prospects of jumpstarting peace talks with the Taliban are becoming increasingly dim amid recent battlefield gains by the insurgents in Afghanistan, an embattled government in Kabul and growing suspicions of Pakistan's good intentions in facilitating such negotiations.
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Saudi IPOSaudi bourse asks banks to pitch for IPO advisory roles
The stock exchange, Tadawul, said in December that it planned to list its shares in 2018, but there has also been talk of privatisations, including IPOs, involving national oil firm Saudi Aramco, as well as the kingdom’s ports, flour mills and utilities.
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U.S.-IranAnalysis: Banking sanctions take center stage as Iranian rhetoric toughens
What is at stake is less about the future of the JCPOA and more about the risk of inopportune shifts in the Iranian political landscape at a crucial crossroads.
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Interest RateSaudi Interbank Interest Rate Drops First Time in Eight Months
A key interest rate in Saudi Arabia, the biggest Arab economy, fell for the first time in eight months amid declining expectations for an increase in U.S. borrowing costs.
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Banking and FinanceNo need to boost banking liquidity, Fahad al-Mubarak
Saudi Arabia's banking sector remains liquid despite low oil prices and there is no need to take special steps to increase the provision of funds, central bank governor Fahad al-Mubarak said on Wednesday.
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Saudi-LebanonSaudi investors hit as real estate prices fall in Lebanon
The real estate market in Lebanon is among the sectors that have been adversely affected by the political crisis between that country and the Kingdom, and Saudi investors are among those feeling the heat.
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BankingSaudi Arabia Telling Foreign Banks to Disclose Finances
Saudi Arabia is telling international banks to publicly disclose financial statements for the first time as the kingdom’s regulator seeks to boost transparency.
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PakistanEx-leader Musharraf leaves Pakistan after travel ban lifted
Pakistan's former military ruler Pervez Musharraf has arrived in Dubai for medical treatment, days after the Supreme Court lifted a travel ban.
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LebanonWhy Lebanon Could Be the Next Middle East Hot Spot
In March, the majority-Sunni Gulf Cooperation Council declared Hezbollah a terrorist organization. While some countries in the GCC – comprised of Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates – had already classified Hezbollah as a terrorist group, the organization as a whole had not taken a stance.
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