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Recent stories from sustg
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The Reliable Supplier: Saudi Economy Expert Explains Why the Shale Boom in the United States is Actually a Good Thing for Riyadh
- January 24,2014
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- Lucien Zeigler
In a recent article for Foreign Affairs magazine, Saudi economy expert and investment banker Dr. John Sfakianakis writes that while it may be easy to think that the shale boom in the United States is threatening to the world’s largest oil producer in Saudi Arabia, there are several reasons that more production from the United […]
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This Cool Timelapse Video of Saudi Arabia’s Capital, Riyadh Shows an Amazing Sunset (and Terrible Traffic) [VIDEO]
- January 23,2014
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- Lucien Zeigler
Riyadh, Saudi Arabia’s capital city, is a rapidly growing metropolis – one that has benefitted greatly from soaring governmental spending on infrastructure and development. While in Riyadh last month, SUSTG created an HD time lapse video from the roof of the Council of Saudi Chambers building, looking down King Fahd road toward Riyadh’s iconic Kingdom […]
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Saudi Arabia in 2013: 25 Events That Changed the Kingdom
- December 31,2013
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- Lucien Zeigler
2013 was an eventful year for Saudi Arabia – an oasis of relative calm in an otherwise stormy Middle East region. The year saw a more assertive Saudi foreign policy, incremental advances in women’s rights, and the enforcement of controversial government policies aimed at putting Saudis back to work. It was also a year of […]
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Several Prominent Saudi Voices Continue to Express Discontent with Western Policies toward Iran, Syria
- December 18,2013
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- Lucien Zeigler
In a hard-hitting New York Times op-ed, Saudi Arabia’s Ambassador to the United Kingdom Prince Mohammed Bin Nawaf Bin Abdulaziz Al Saud wrote that while the Western-Saudi relationship friendship has lasted for decades, Saudi Arabia will pursue its own interests in the Middle East, even if they diverge from those of the Western powers.
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Walid Abukhaled to Head Northrop Grumman KSA
- December 16,2013
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- Lucien Zeigler
Deputy Minister for Industrial Affairs at the Saudi Ministry of Commerce & Industry, Walid Abukhaled, has been selected by Northrop Grumman to head its Saudi Arabia operations, the company said in a press release today. H.E. Mr. Abukhaled, who spoke in September at the 2013 U.S.-Saudi Business Opportunities Forum in Los Angeles, California, was former […]
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UPDATE: Saudi Arabia Declines Seat on the U.N. Security Council for Two Year Term
- October 17,2013
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- Lucien Zeigler
Saudi Arabia has been elected to the United Nations Security Council as a non permanent member, a seat the Kingdom will hold for two years. However, a Foreign Ministry statement said that it would decline to take the seat. Reuters reports that a “decision of such magnitude would have to have been taken by King Abdullah […]
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Mecca has five times more hotel rooms than any other Saudi city
- April 2,2014
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- Lucien Zeigler
Saudi Arabia’s holy city of Mecca has more than five times as many hotels as any other city in Saudi Arabia, according to a lengthy report on the Saudi tourism sector in Arab News. That report highlights the growth in the hotel industry – put at 172 percent in the last decade – especially to tourist destinations […]
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Are U.S. Companies Missing Out on a Saudi Nuclear Bonanza?
- April 25,2013
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- Lucien Zeigler
The recently-completed Saudi Sustainable Energy Symposium at the Ritz Carlton Riyadh brought high-level officials and companies together to discuss “a common understanding between all stakeholders” concerning the development of the Kingdom of Saudi Arabia’s sustainable energy program, of which nuclear energy is a big part. The event was hosted by the King Abdullah Center for […]
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These Amazing Instagrams Show How Much Saudi Arabia’s Capital Riyadh Has Grown in the Last Decade
- October 30,2013
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- Lucien Zeigler
Saudi Arabia’s capital, Riyadh, has undergone dramatic growth and modernization during the last decade – an extraordinary period of economic expansion and population growth. Riyadh’s population now exceeds 5 million with its metropolitan area claiming close to 7 million people.
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Saudi Flood Toll: 11 killed, 4 still missing
- November 21,2013
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- SUSTG Team
Floods that have ravaged Saudi Arabia from its capital, Riyadh, to regions in the Kingdom’s Eastern Province have claimed 11 lives, with four individuals unaccounted for, according to official figures released by Saudi Arabia’s state-run news agency. The SPA reports that out of those killed, seven were in Riyadh Region, two in the city of […]
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Money MarketSaudi money market turmoil shows bank jitters over bond issues
Turmoil in the Saudi Arabian money markets suggests that financing the government's budget deficit in an era of cheap oil may not be smooth as banks worry about the risk of a liquidity squeeze.
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NitaqatSaudi expands list of banned jobs for expats
Saudi Arabia’s Labour Ministry has added 19 titles in the reserved category of jobs, resulting in a ban of permanent, temporary or seasonal visas to expatriates, a report said.
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TalibanPerspective: What a Taliban in disarray could mean for Afghanistan and Pakistan
More likely, however, is a splintering of the movement, with some factions choosing to keep fighting or perhaps join with the Islamic State, which has begun to establish itself in Afghanistan and Pakistan. Already Afghan media have been reporting clashes among rival groups in Quetta, the Pakistani city where the Taliban leadership has been based. One report said Mr. Omar’s son was among those killed.
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Central Bank PolicySaudi central bank curbs credit card cash withdrawals -source
The Saudi central bank has a reputation as a conservative and cautious regulator. Last year it published new consumer lending rules which gave it the power to cap retail lending at individual banks and limit fees that banks can charge.
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Ex-Im BankProtecting America’s Competitive Advantage: Why the Ex-Im Bank Matters
o months from now, the U.S. Congress may shutter a government agency that, in the past six years, has supported more than 1.3 million American jobs and generated more than $2 billion in deficit-reducing profits. The Export-Import Bank of the United States empowers American exporters by equipping those that cannot access private financing with credit insurance and working capital, among other tools.
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Israel-PalestineJewish Arsonists Suspected in West Bank Attack That Killed Palestinian Toddler
A Palestinian toddler died in an arson attack in the West Bank early Friday morning, according to the Israeli military, with Jewish extremists suspected because of Hebrew graffiti sprayed nearby. “Revenge!” was written on one wall, next to a Star of David.
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Mullah OmarMullah Omar Dies. The Taliban Might Be Next.
The militant group was being threatened from within—and that was before the announcement that their top leader was no more.
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