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Four of Seven Saudi Bodies are Returned Home as Kingdom Reels from Lost Youth in Istanbul Terrorist Attack
- January 4,2017
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- SUSTG Team
The bodies of four Saudis who were slain in the attack on an Istanbul nightclub were returned home as the Kingdom reels from the loss of its citizens at the hands of Daesh terrorists abroad. The attack killed seven Saudis and 39 total from 14 countries. Included in the four dead returning to the Kingdom today […]
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Number of Executed in Saudi Arabia in 2016 Dips Slightly from 20-Year High
- January 2,2017
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- SUSTG Team
Saudi Arabia executed 153 people in 2016, a slight reduction over 2015 (158) that marked a 20-year high for the Kingdom. Though figures for Iran and China are less transparent and not yet available for 2016, both countries appear to have executed significantly more than Saudi Arabia last year. China has been dubbed the “world’s most prolific executioner” […]
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Major U.S. $7.9 Billion Weapon Sales Plans Include $3.51b in Chinooks to Saudi Arabia
- December 9,2016
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- SUSTG Team
The Defense Security Cooperation Agency (DSCA) has approved five notifications of weapon sales to Congress, including 48 Chinook Cargo Helicopters for Saudi Arabia, Apache helicopters for the United Arab Emirates and TOW missiles for Morocco, according to reports. The estimated cost for the Saudi purchase is $3.51 billion. The Defense Security Cooperation Agency delivered the required […]
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‘Shamoon’ Comeback: Several Saudi Government Agencies Attacked by Malware from Iranian State-Sponsored Hack
- December 1,2016
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- SUSTG Team
State-sponsored hackers have reportedly conducted a series of destructive malware attacks on Saudi Arabia over the last two weeks, including erasing data and wreaking havoc in the computer banks of the agency running the country’s airports and hitting five additional targets, Bloomberg reports. U.S. security firms said that a version of Shamoon, the computer virus […]
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Trump’s Complex Global Business Interests Could Present Problems for President-Elect
- November 22,2016
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- SUSTG Team
President-elect Donald Trump’s complex business dealings before and during his candidacy for the office, and now after his victory on November 8th, continue to draw scrutiny from the media and elected officials in the United States. The president-elect has drawn additional attention for his initial meetings with world leaders that apparently mix his business and family […]
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Saudi, Russia Energy Ministers to Meet in Doha as Output Cut Deadline Looms
- November 16,2016
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- SUSTG Team
Saudi Arabia and Russia energy ministers will meet in Doha, Qatar this week on the sidelines of Gas Exporting Countries Forum (GECF), industry sources quoted by the Wall Street Journal said. The meeting comes as OPEC and non-OPEC members try to solidify an oil output limiting deal agreed to in September. OPEC is hoping to complete […]
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CEDA Cancels $267 Billion in Projects
- November 8,2016
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- SUSTG Team
Saudi Arabia’s powerful Council of Economic and Development Affairs (CEDA) has cancelled projects valued at up to 1 trillion Saudi riyals ($266.7 billion), the SPA and other news outlets report. “The CEDA has also stopped awarding a big number of projects whose spending does not go in line with the expected economic and development return […]
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‘Downward Trend’ in Economic Activity Seen in Latest Jadwa Investment Chartbook
- November 3,2016
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- SUSTG Team
Jadwa Investment’s recently released economic chartbook for the month of November found a downward trend in economic activity and the fourth consecutive negative change in government accounts with SAMA. “Economic data for September showed a downward trend in economic activity,” Jadwa said it the report, pointing to negative growth in cash withdrawals from ATMs and […]
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Saudi Arabia Replaces Finance Minister in Continued Shift Toward Younger Technocrats
- November 1,2016
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- Lucien Zeigler
Saudi Arabia has replaced its Minister of Finance, Dr. Ibrahim Al-Assaf, with the head of the Kingdom’s capital markets regulator Mohammed Al-Jadaan in the latest move toward a younger generation of technocratic leaders in high positions. Al-Assaf was Saudi Arabia’s longest-serving active minister, having held the position of Minister of Finance since 1996. Another Royal […]
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Will Saudi Spending Cutbacks Slow the Kingdom’s Push for Middle Class Home Ownership?
- October 26,2016
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- SUSTG Team
The local director of real estate services firm Jones Lang LaSalle (JLL) said Saudi Arabia’s state spending cuts will pressure people’s ability to buy their own homes and could push housing prices in some segments down by nearly a third, according to a report in Reuters. A reduction in subsidies available to government employees and […]
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No booze in 2034 World Cup, LGBTQ fans welcome, Saudi ambassador says
Saudi Arabia will uphold its current ban on alcohol during the 2034 World Cup, said Khalid bin Bandar Al Saud, the host country's ambassador to the United Kingdom. Global soccer governing body FIFA officially announced Saudi as hosts of the 2034 World Cup in December. The kingdom banned alcohol, which is prohibited for observant Muslims, in 1952. It was not sold at stadiums in neighbouring Qatar, where drinking in public is illegal, during the 2022 tournament but beer was available at designated fan zones and in some hotels. "Plenty of fun can be had without alcohol - it's not 100 per cent necessary and if you want to drink after you leave, you're welcome to, but at the moment we don't have alcohol," Khalid bin Bandar told British radio station LBC on Wednesday. "Rather like our weather, it's a dry country. Everyone has their own culture. We're happy to accommodate people within the boundaries of our culture but we don’t want to change our culture for someone else."
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Saudi Arabia acquires Tanzania’s Bagamoyo port
The Tanzanian authorities granted the Saudi African Investment and Development Co. (SADC) concession and acquisition rights for Bagamoyo Port in Tanzania, Saudi Press Agency reported, citing Chairman of Federation of Saudi Chambers of Commerce Hassan Al-Huwaizi. The approval is part of SADC's "East Gateway Project," aimed at the East African region. The initiative will bolster Saudi Arabia’s position as a key driver of global economic development, attract greater foreign investment (particularly in Africa), and strengthen its logistical capacity to deliver Saudi exports worldwide.
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Saudi Arabia is evaluating BRICS membership, says economy minister
Saudi Arabia is evaluating the benefits of joining the BRICS economic bloc, Faisal Alibrahim, the Kingdom’s minister of economy and planning, said at the World Governments Summit on Wednesday. Speaking during a session titled “The Emergence of Multiple Economic Blocs,” Alibrahim highlighted Saudi Arabia’s commitment to fostering global dialogue while navigating an increasingly fragmented economic landscape. The BRICS bloc was formed in 2009 and initially named after its original founders Brazil, Russia, India and China, while South Africa joined a year later. It now has 10 full members including Iran, Egypt, Ethiopia, the UAE and Indonesia. Alibrahim said economic blocs such as BRICS were not an end in themselves but tools to promote stability and integration. “Dialogue is important. It’s important for the Kingdom and for the world today.”
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Saudi Arabia: Suspension of Multiple-Entry Visa for Certain Nationals
Saudi Arabia has suspended the issuance of one-year multiple-entry visas for business, tourism, and family visits for nationals of Algeria, Bangladesh, Egypt, Ethiopia, India, Indonesia, Iraq, Jordan, Morocco, Nigeria, Pakistan, Sudan, Tunisia, and Yemen. Affected nationals are still eligible to apply for a single-entry visa, however, based on experience, processing times for single-entry visas may be longer, and in some cases, applications may be rejected, especially during the Hajj season.
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‘Haram. Haram. Haram!’ — Riyadh Air CEO slams lack of direct flights from Saudi Arabia to major global cities
“Haram. Haram. Haram.” With those three emphatic words, Riyadh Air CEO Tony Douglas made it clear — Saudi Arabia’s lack of direct global connectivity is unacceptable, and it’s time to fix it. Speaking at the PIF Private Sector Forum on Wednesday, Douglas didn’t hold back. “We can’t travel directly from Riyadh to Tokyo, to Shanghai, to Seoul, to Sydney — the list goes on and on,” he said. What’s worse, Saudi travelers are propping up foreign airlines instead. “The number one premium passenger for Qatar Airways — business and first class — is Saudi passport holders. Number three on Emirates? Saudi passport holders,” he revealed. Even Douglas himself is forced to fly Emirates next week to attend FII Miami. “Why? Because there is no direct connectivity from Riyadh. Haram. Haram. Haram.”
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Saudi Arabia assumes presidency of global anti-corruption network
Saudi Arabia, through its Oversight and Anti-Corruption Authority, or Nazaha, has assumed the presidency of the Global Operational Network of Anti-Corruption Law Enforcement Authorities. Spain handed over the leadership of the GlobE Network during a ceremony at the UN Office on Drugs and Crime’s headquarters in Vienna, Austria, the Saudi Press Agency reported on Wednesday. Nasser Nasser Abaalkhail, Nazaha’s deputy for international collaboration, was installed as chairman of the committee, with Boni de Moraes Soares, Brazil’s national solicitor for international affairs, as vice chair.
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Saudi Arabia, Tanzania Sign Trade Agreements and Establish Joint Business Council
The Federation of Saudi Chambers of Commerce and the Tanzania Chamber of Commerce, Industry And Agriculture (TCCIA) signed an agreement to establish a joint Saudi-Tanzanian business council, marking a significant stride towards enhancing economic cooperation between the two countries. The signing ceremony took place in Dar es Salaam on the sidelines of the Saudi-Tanzanian Roundtable meeting held yesterday, in which ministers, officials, and business leaders from both countries took part. During the meeting, discussions revolved around exploring partnership opportunities in vital sectors such as ports, agriculture, and transportation. The event also witnessed the signing of trade agreements between Saudi and Tanzanian companies across various economic sectors.
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Saudi educator known for charity and prisoner work wins $1 million Global Teacher Prize
Al-Mansour, a teacher at the Prince Saud bin Jalawi School in al-Ahsa, is also an author and is known for work in his community, including a program that helped ensure people had access to air conditioning maintenance during Saudi Arabia’s scorching summer months. He also works with orphans and hopes to use the prize to build a school for them.
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Italy-Saudi ties strengthen with $10bn energy deals
The Italian move highlights the strengthening ties between the two countries and signals the growing relevance of the Middle East for Italy, amid a tenser relationship between Europe and the U.S. as Donald Trump took office for a second presidential mandate last month. The deals were part of a strategic partnership that involved energy as well as other sectors such as defence and infrastructure, Italian Prime Minister Giorgia Meloni said after meeting Saudi Crown Prince Mohammed bin Salman, Reuters reported. Among the deals, Italy’s credit export agency SACE said it would provide loan guarantees worth $3 billion for Saudi Arabia’s NEOM real estate project.
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Trump’s special envoy to the Middle East reveals how the US secured Marc Fogel’s release
U.S. Special Envoy to the Middle East Steve Witkoff said some things were still up in the air when he hopped on his jet to Russia to discuss the potential release of American school teacher Marc Fogel. Witkoff, a longtime friend of President Donald Trump, said Wednesday on "Hannity" that someone who is an intermediary between the United States and Russian governments reached out with an opportunity to bring Fogel back. A plan was presented to the president and members of his Cabinet, including national security advisor Mike Waltz and CIA director John Ratcliffe, who deemed the information "credible" and "actionable."
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