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Recent stories from sustg

  • Vela-Bahri merger creates one of the world’s largest shipping firms
     

    Vela International Marine Limited, a subsidiary of Saudi Arabian Oil Company, signed a landmark merger agreement with the National Shipping Company of Saudi (Bahri), resulting in the creation of one of the world’s largest shipping companies.The signing of the agreement was held Sunday and attended by executive officials of both parties including Khalid A. Al-Falih, […]

     
  • Commentary: Saudi Arbitration Court in the UK?
     

    In a recent Financial Times article Caroline Binham and Helen Warrell reported that, “Saudi Arabia will lobby the UK government as early as November to set up a confidential court in London that would settle multimillion pound commercial disputes arising from the Middle Eastern kingdom. The Saudis hope that a London-based arbitration centre would help counter investor […]

     
  • What’s the foreign policy agenda for the next four years?
     

    Is it too early to talk about the foreign policy and national security agenda that will face the next president? No matter who wins on November 6, the feature that is going to dominate U.S. national security planning over the next four years is constraint. Even if we avoid going off the sequestration cliff, there […]

     
  • US Election Note: Middle East Policy after 2012
     

    The Middle East will be a significant challenge to US foreign policy-makers during the next administration – whether with regard to further transitions of the Arab Spring, Iran’s appetite for nuclear weapons, Israel’s posture towards Palestine and other Arab powers in its neighbourhood, or the rise of political Islam. Despite the US tilt to Asia, […]

     
  • A Conversation with Prince Turki Al-Faisal
     

    Few can be said to have been more influential in forging cooperation and building bridges in the relationship than Prince Turki Al-Faisal. He is currently Chairman of the King Faisal Center for Research and Islamic Studies and is one of the founders of the King Faisal Foundation, the namesake of which was his father. His […]

     
  • Saudi Arabia: Rising steel demand
     

    Steel producers in Saudi Arabia are set for a busy few years, with growth in the industry driven by rising demand due to state-backed investments and increasing activity in the private sector. However, even with additional capacity, the sector is working to bridge the supply gap. The Kingdom is already the largest steel producer in […]

     
  • Roads of Arabia at the Smithsonian’s Sackler in Washington
     

    In archaeology, Saudi Arabia has been something of a slow starter, but a Washington exhibition of more than 200 statues, funerary objects and other relics shows that the study of the region’s past has come of age. Saudi archaeology “really goes back only 40 years,” says Massumeh Farhad, chief curator and curator of Islamic art […]

     
  • Major natural gas find by Saudis. A shift ahead?
     

    Saudi Arabia has announced that they made a major new find in natural gas in the Red Sea. The Saudis are already ranked 5th in the world for their reserves of natural gas, but they are only ranked 9th in terms of production of the commodity. They account for about 3 percent of world natural gas production. Compared […]

     
  • Muslims begin hajj pilgrimage – photo gallery
     

    Hours before sunrise Thursday, thousands of Muslims from around the world stood in the dark on a rocky desert hill, preparing for prayers on the first day of the annual hajj pilgrimage, a central pillar of their faith.

     
  • Anne Habiby: Entrepreneurship and Job Creation in the Arab World
     

    In addition to featured speakers such as President Bill Clinton and Mr. Abdullah Alireza  the recent C3 Summit in New York City presented a number of compelling panel discussions addressing commercial and trade issues related to doing business in the MENA region. SUSTG has featured the remarks at this event of Abdullah Alireza (Global Economic […]

     

MUST-READS

  • Stenson joins Saudi tour, removed as Ryder Cup captain

    Ryder Cup Europe removed Stenson as captain for the 2023 matches — still 14 months away from being played in Italy — when the Swede decided to choose the guaranteed money of the Saudi-funded rival league over the Ryder Cup. The European tour and PGA Tour have suspended players who signed up for LIV Golf, which is handing out massive signing bonuses to go along with its $25 million prize fund in eight tournaments that feature 54 holes and no cut.

  • Saudi Arabia Airport Charges Cut to Lure Airline Traffic

    The reduction, which will apply to Riyadh, Jeddah and Dammam airports and be implemented later this year, are the next step in an ongoing privatization of the sector, the country’s General Authority of Civil Aviation announced at the Farnborough air show on Wednesday. Airports will be allowed flexibility to reduce charges below the announced caps to maximize growth, GACA said.

  • Saudi Arabia Plans Air-Cargo Roadshows to Lure Amazon, DHL

    The push into air cargo and logistics aims to lift the amount of freight handled to 4.5 million tons annually by the end of the decade as part of a $100 billion plan to expand aviation in line with the Vision 2030 strategy of overhauling the Saudi economy and reducing its reliance on oil. The country is expanding its airport infrastructure and setting up a new passenger airline in the Saudi capital Riyadh, preparations for which are “progressing very well,” Alkhuraisi said at the Farnborough International Airshow southwest of London.

  • Social barriers remain for women reaching top positions in the Gulf

    This is most clearly seen in the Gulf institution of the majlis, or diwaniyya. These regular meeting places allow men to casually network, and these interactions can lay the foundation for a future appointment to a board or executive team. By being excluded from these gatherings, Gulf women enter the 100m employment race with a 10-second penalty, meaning that by the time they start running, the race has usually already been won by a man who has earned the chairperson’s trust through casual socializing.

  • U.S. State Department OKs potential sale of C-17 aircraft support to UAE -Pentagon

    The U.S. State Department has approved the potential sale of C-17 aircraft sustainment and related equipment to the United Arab Emirates for an estimated cost of $980.4 million, the Pentagon said on Tuesday. Despite approval by the State Department, the notification does not indicate that a contract has been signed or that negotiations have concluded.

  • SAMI signs deals with ST Engineering and Airbus Helicopters during Farnborough Airshow 

    Saudi Arabian Military Industries, also known as SAMI, signed a number of agreements with Singapore’s ST Engineering at the Farnborough International Airshow held in the UK. A wholly owned subsidiary of Saudi Arabia’s Public Investment Fund, SAMI said in a statement that the agreement will support the firm in producing “cutting-edge defense systems”, as well as technical support and training.

  • BAE Systems, Embraer team up to pursue Saudi Arabia tactical airlift contract

    BAE Systems, the largest defense contractor in Europe, is considering a move into the military air transport business via a strategic partnership with Brazilian aircraft maker Embraer. The companies opened the second day of the Farnborough air show in England July 19 by announcing they had signed a memorandum of understanding to pursue a potential deal with Saudi Arabia for the Embraer’s C-390 tactical airlift twin jet.

  • Explainer: How much extra oil can Saudi Arabia pump?

    A senior source said Aramco could pump another 1 million bpd, on top of the roughly 10.5 million bpd it was then producing, meaning output could not go above 11.5 million bpd.

  • Explainer: How much extra oil can Saudi Arabia pump?

    Top U.S. energy envoy Amos Hochstein told a television programme on Sunday that major producers with spare capacity are likely to raise output in the coming weeks, based on discussions held during Biden's visit.

  • 28 random neighborhoods in Jeddah razed; 4 remaining

    The Jeddah Mayoralty announced on Monday that 28 slums and random neighborhoods have so far been razed as part of the Jeddah redevelopment plan. “Out of the total 32 neighborhoods, four are remaining and they will be removed within the scheduled timeline,” said Muhammad Al-Baqmi, spokesman of the mayoralty. Speaking to Al-Ekhbariya channel, Al-Baqmi said that notices will be served to the remaining neighborhoods as per the following schedule: Al-Montazahat neighborhood - July 23; Quwaizah, Al-Adl and Al-Fadl neighborhood - August, and Umm Al-Salam and Kilo 14 neighborhoods -September.