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Recent stories from sustg
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Following Huge Dip, Saudi Markets Rebound on Government’s Spending Plan
- December 18,2014
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- SUSTG Team
Saudi Arabia’s markets rebounded on Wednesday in response to the Government’s spending intentions in 2015, several news outlets reported today. Olzhas Auyezov of Reuters reports that markets reacted well to the Government’s plan, rebounding 4.2 percent “in a broad rally which included the petrochemicals sector.” The increase was echoed around the region as markets in […]
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Saudi Arabia’s Sheikh Ahmad al-Ghamdi Brings Unveiled Wife onto TV to Reiterate Women are Not Required to Wear the Niqab, Sparking Debate, Mufti Response
- December 16,2014
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- SUSTG Team
Saudi religious figure Sheikh Ahmad al-Ghamidi has stoked debate in Saudi society and piqued interest in foreign observers of the Kingdom and advocates of women’s rights, by appearing on Saudi television with his wife to reiterate the acceptability of unveiled women in the eyes of Islam, according to media reports. Al-Ghamidi appeared on “Badria,” a talk show […]
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Ashmore Investment: Decline in oil revenues has a ‘clear silver lining’ for Saudi fiscal policy
- December 15,2014
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- SUSTG Team
In Ashmore’s recently released weekly report, the investment firm points to a potential “silver lining” in the drop in oil’s price for Saudi fiscal policy: the drop might at last bring “meaningful fiscal discipline” for the Saudi 2015 budget and beyond. “The first ‘winner’ to emerge from falling oil prices is rationality,” writes John Sfakianakis, Regional Director for the […]
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Prince Muhammad bin Naif Meets with Obama, Biden at White House as Republican U.S. House Majority Leader McCarthy Visits Saudi Arabia
- December 15,2014
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- SUSTG Team
U.S. House of Representatives majority leader Kevin McCarthy met in Riyadh with Crown Prince Salman and Deputy Crown Prince Muqrin, the Saudi Press Agency reported. The visit comes on the heels of Prince Mohammed bin Naif’s meetings in Washington last week. The Minister of Interior of the Kingdom of Saudi Arabia met with several officials in the […]
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Jadwa Chartbook: Saudi Economic Data Show ‘Signs of Cooling’ in Economy
- December 3,2014
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- SUSTG Team
Jadwa Investment’s latest Chartbook monthly economic report said the Saudi economy showed signs of cooling with the non-oil Purchasing Managers Index (PMI) dipping lower following a 39-month peak in the previous month. Data on consumer spending also showed a seasonal decline, according to the Jadwa Investment report. Additionally, “bearish oil markets continued to affect sentiment […]
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With Hagel Out, Obama’s Next Appointment for Defense Secretary Will Have an Impact on U.S.-Saudi Relations
- November 26,2014
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- Lucien Zeigler
Just days before President Obama announced in the White House Rose Garden that his Secretary of Defense Chuck Hagel would resign, Hagel met with Saudi Arabia’s Prince Miteb bin Abdullah – a rising star in Saudi Arabia at the Pentagon. With Secretary of Defense Chuck Hagel set to resign, all eyes in the Middle East and […]
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Al-Ahsa Attack Linked to Islamic State, Up to 77 Now Held
- November 25,2014
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- SUSTG Team
Saudi authorities said on Monday the gunmen who attacked Shi’a citizens in the Dalwah village of the Al-Ahsa region in the Eastern Province are linked to the Islamic State group, including several jailed previously over suspected extremist ties. According to comments made by Saudi Arabia’s Gen. Mansour al-Turki, the head of the network operating in […]
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After Meetings with Obama and the Pentagon, Saudi Prince Miteb Bin Abdullah Touts US-Saudi Military Cooperation
- November 24,2014
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- SUSTG Team
Saudi Arabia’s visiting National Guard Minister, Prince Miteb bin Abdullah, visited Washington, D.C. last week in a push to “strengthen bilateral cooperation in various sectors, especially between the Defense Department and the Saudi National Guard,” according to reports in the Arab News and the Eurasia Review. Additionally, Miteb said that Saudi Arabia will receive Black Hawk […]
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Could a Trans-Asian Railway Further Boost Growing Saudi-China Trade?
- November 21,2014
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- SUSTG Team
China has reportedly “set a comprehensive economic strategy for linking the country to major economic countries in Asia, including Saudi Arabia, through a railway,” a report in Zawya finds, citing a local paper. With Saudi-Chinese trade exchanges reaching $74 billion last year and estimated to soar up to $100 billion in the next five years, the […]
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Saudi Arabia will see 1.2 million barrels per day of new refining capacity by 2020
- November 19,2014
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- SUSTG Team
According to a recently released research note by Jadwa Investment, Saudi Arabia will see an increase of 1.2 MBPD of new refining capacity by 2020 representing a “major investment in downstream sector.” Jadwa’s Head of Research, Dr. Fahad Alturki notes: “Saudi Arabia will see 1.2 million barrels per day (mbpd) of new refining capacity come […]
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MUST-READS
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Al-Qaeda in SyriaAl Qaeda Is Starting to Swallow the Syrian Opposition
Al Qaeda’s Syrian representatives — rebranded as Jabhat Fateh al-Sham (JFS) in July 2016 and then renamed Hayat Tahrir al-Sham (HTS) after subsuming several other groups in January — have been relentless, and patient, in pursuing their long-term objective: a merger of all armed Syrian opposition groups under its broad transnational Islamic umbrella. Al Qaeda has commonly called this goal a “uniting of the ranks.”
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Saudi Art SceneSaudi Arabia’s Contemporary Art Scene
The market for Arab art has benefitted from strong interest by investors in Saudi Arabia, who are keen to purchase works by artists from the region. Jeddah has one of the strongest markets in the Kingdom and experts are keen to see more events like Jeddah Art Week, the first major visual art event that took place in February, to encourage artists in the city by the Red Sea.
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Saudi Aramco IPONasdaq CEO says tech partnership can help win $100 billion Saudi Aramco IPO
Nasdaq Inc is touting its technology credentials in its effort to win the listing of Saudi Aramco's upcoming initial public offering, the exchange operator's chief executive said in an interview.
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MENA Art‘Gender, Wars and Chadors: Is that all there is to Middle Eastern art?’
While cities such as Cairo and Beirut have a longer history of an art scene -- be it cinema, theater or art -- today it is modern metropolises in the Gulf i.e. Dubai, Abu Dhabi, Sharjah, Doha and Jeddah, that are pushing the arts.
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RussiaRussia Reported to Start its Syrian Naval Base Expansion this Spring
Viktor Ozerov — the head of the Russian Federation Council’s defense committee – said planning work was underway to start the expansion of the Russian logistics hub in Tartus, Syria into a full-fledged naval base capable of supporting 11 ships.
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2016 Arab Opinion IndexReport: Quarter of Arabs seek migration
Some 24 per cent, nearly quarter, of the Arab region’s citizens seek to emigrate their home countries in an attempt to improve their economic and financial conditions
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Buried PharaohBuried treasure: huge statue of Egyptian king unearthed in Cairo neighborhood
A team of Egyptian and German archaeologists has discovered a towering 26-foot statue in a Cairo slum, a presumed depiction of Pharaoh Ramses II, Reuters reports on Thursday.
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Anti-ISIS CampaignISIS War Generals to Congress: We Need the State Department
One week after Trump proposed shifting billions from the State Department to the Pentagon, two of the top U.S. generals in the Middle East and Africa say they need diplomatic help.
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SyriaMarines have arrived in Syria to fire artillery in the fight for Raqqa
Marines from an amphibious task force have left their ships in the Middle East and deployed to Syria, establishing an outpost from which they can fire artillery guns in support of the fight to oust the Islamic State from the northern Syrian city of Raqqa, defense officials said.
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BahrainBahrain files lawsuit to dissolve secular political party
The country’s Justice, Islamic Affairs and Endowments Ministry accused the Waad party in a statement of “incitement of acts of terrorism and promoting (the) violent and forceful overthrow of (the) political regime.”
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