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Recent stories from sustg

  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     
  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     

MUST-READS

  • Iran enriches more uranium as Gaza war rages, US vote looms

    The United States and its allies have few routes left to rein in Iran's nuclear work with prospects for talks long buried and tougher actions against Tehran running the risk of stoking tensions in a region already enflamed by the Gaza war.

    With a U.S. election next year limiting Washington's room for manoeuvre, four serving and three former diplomats painted a bleak picture of efforts to curb Iran's nuclear programme, which according to U.N. nuclear watchdog reports continues to advance.

  • Russia’s Putin sees political, economic upside to Israel’s war with Hamas

    Russian President Vladimir Putin waited three days before commenting on Hamas' massacre of Israelis, which happened to take place on his 71st birthday. When he did, he blamed the United States, not Hamas.

    "I think that many will agree with me that this is a clear example of the failed policy in the Middle East of the United States, which tried to monopolise the settlement process," Putin told Iraq's prime minister.

  • Insight: Forever war? Israel risks a long, bloody insurgency in Gaza

    Israel risks facing a long and bloody insurgency if it defeats Hamas and occupies Gaza without a credible post-war plan to withdraw its troops and move toward the creation of a Palestinian state, U.S. and Arab officials, diplomats and analysts said.

    None of the ideas floated so far by Israel, the United States and Arab nations for the post-war administration of Gaza have managed to gain traction, according to two U.S. and four regional officials as well as four diplomats familiar with the discussions, raising fears the Israeli military may become mired in a prolonged security operation.

  • UN says starvation imminent in Gaza, no let-up in Israeli assault

    U.N. aid deliveries to Gaza were suspended again on Friday due to shortages of fuel and a communications shutdown, deepening the misery of thousands of hungry and homeless Palestinians as Israeli troops battled Hamas militants in the enclave.

    The United Nations' World Food Programme (WFP) said civilians faced the "immediate possibility of starvation" due to the lack of food supplies.

    With the war about to enter its seventh week, there was no sign of any let-up despite international calls for a ceasefire or at least for humanitarian pauses.

  • Pinsent Masons acquires licence to operate in the Kingdom of Saudi Arabia

    Pinsent Masons has been working closely with Alsabhan & Alajaji in the region since forming a strategic alliance in 2018. The cooperation has been highly successful, enabling both firms to work together as an integrated team across a full spectrum of practice areas to advise domestic and international clients in the region and enabling them to achieve their objectives.

  • Saudi Arabia’s Oil Exports Rose From a 28-Month Low in September

    Saudi Arabia’s crude oil exports increased by 170,000 barrels per day (bpd) to 5.75 million bpd in September, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. Exports from the world’s top crude oil exporter inched up from the 28-month low in August when the Kingdom shipped on average 5.58 million bpd as it continued to cut its production to “stabilize” the oil market. At the same time, Saudi Arabia’s direct crude oil burn fell by 120,000 bpd to 606,000 bpd in September, according to the latest available data in JODI, which compiles self-reported data from many countries.

  • Fitch Affirms Public Investment Fund at ‘A+’; Outlook Stable

    Fitch Ratings has affirmed Public Investment Fund's (PIF) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'A+' with Stable Outlook. Fitch has also affirmed PIF's special-purpose vehicle (SPV) GACI First Investment Company's guaranteed EMTN programme ratings and senior unsecured long-term ratings of US dollar-denominated bonds at 'A+'.

  • Jeddah-Set Saudi Fantasy Romance ‘HWJN’ To Open Saudi Arabia’s Red Sea Film Festival

    Saudi Arabia’s Red Sea International Film Festival will open its third edition, running from November 30 to December 9, with local movie HWJN, a fantasy romance combining Arabian folklore with modern themes that unfolds against the backdrop of the event’s home of Jeddah.

    Deadline exclusively revealed a trailer for the production earlier this year. Watch it here.

    The choice of a Saudi movie marks a break with Red Sea’s first two editions – which kicked off with English-language features Cyrano and What’s Love Got To Do With It? in 2021 and 2022 respectively.

  • Saudi Arabia’s crude exports rise in September

    Saudi Arabia's crude oil exports in September rose 3% from the previous month to 5.75 million barrels per day (bpd), data from the Joint Organizations Data Initiative (JODI) showed on Thursday.

    The world's largest oil exporter's crude oil production, meanwhile, increased 0.7% to 8.98 million bpd.

    Domestic refineries' crude throughput rose 0.336 million bpd to 2.866 million bpd while direct crude burn fell by 120,000 bpd to 606,000 bpd.

  • Are Israel and Hamas nearing a ‘hostage’ deal? What to know

    Israel and Hamas are believed to be negotiating a deal to free dozens of people in Hamas captivity in exchange for a three-day ceasefire, according to the Reuters news agency and Axios, a US-based digital publication. Qatari mediators are seeking to negotiate the deal, which could also see the release of some Palestinian women and children from Israeli jails.