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In Major Shakeup, Saudi Arabia’s King Salman Changes Line of Succession, Appoints New Ministers
- April 29,2015
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- SUSTG Team
***UPDATE: This post originally reported that Eng. Ali Al-Naimi was relieved of his post. Naimi is still Minister of Petroleum of Natural Resources, but is no longer Chairman of Saudi Aramco. *** Saudi Arabia’s King Salman issued a series of royal orders yesterday initiating a major shakeup in governance in Saudi Arabia, the SPA reports. […]
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U.S. Science Envoy Travels to the Kingdom of Saudi Arabia ‘To Build and Strengthen Research Collaboration’
- April 24,2015
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- SUSTG Team
In a press release issued by the State Department, the Obama Administration announced that Science Envoy Dr. Peter Hotez will visit the Kingdom of Saudi Arabia, April 25–May 1, “in support of President Obama’s initiative to strengthen U.S. science and educational relationships overseas.” “Dr. Hotez will meet with representatives from the scientific, academic, medical, and business communities to […]
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President Obama, Arab Leaders Set for 2-Day Summit in Washington and Camp David May 13-14
- April 21,2015
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- SUSTG Team
President Obama will host leaders from GCC states in Washington D.C. next month in a bid to strengthen U.S-Arab ties, according to statements by the White House and reports in The Hill and Politico. “President Obama will welcome leaders from the Gulf Cooperation Council countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – […]
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Saudi Arabia’s Stock Market: Opening Up the Tadawul to Qualified Foreign Investment
- April 20,2015
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- SUSTG Team
Last week the Capital Markets Authority (CMA) confirmed that the Saudi Arabia will open up the region’s largest, diverse and most mature capital market, the Tadawul, to qualified foreign institutional investors (QFIs) by June 15th, 2015. With a market capitalization at $528bn, investors are queueing up and appear “ready to accept the political and financial risks as they […]
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Writing from Saudi Arabia, Yemen’s President Pens Op-Ed in New York Times Seeking Western Help to ‘Save Yemen’
- April 12,2015
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- SUSTG Team
In a New York Times op-ed written from Riyadh, Saudi Arabia, Yemen’s President Abdu Mansour Hadi called for Western help in restoring him to power as he places blame directly on Iran and Ali Abdullah Saleh. “It is not too late to stop the devastation of my nation. The Houthis belong at the negotiating table, not […]
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At Sharm El-Sheikh, Arab Leaders Agree on Joint Military Force to Address Shared Regional Challenges
- March 30,2015
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- SUSTG Team
Arab leaders have agreed in principle to “form a joint military force to address growing Arab challenges and threats” in a resolution following a 2-day summit of representative countries in Egypt, a move that bolsters cooperative efforts to stem the growth of extremism and instability in the Middle East. Leaders from Saudi Arabia, Egypt, Qatar, […]
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Saudi Arabia’s ‘New Desert Megacity’ KAEC 15% Complete
- March 20,2015
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- SUSTG Team
The BBC’s Sylvia Smith checks in on development at the King Abdullah Economic City north of Jeddah, one of four “megacity” projects envisioned by King Abdullah to be developed in the coming years. At a cost of $100bn, Saudi Arabia’s King Abdullah Economic City (KAEC) is currently only 15% completed. “Peppered with cranes, the city […]
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Is Saudi Arabia Moving Towards a Future Without Expatriate Workers?
- March 18,2015
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- SUSTG Team
Today in the Dubai-based newspaper The National, Gulf expert Theodore Karasik writes that Saudi Arabia is moving to provide more jobs for Saudis, and that under new King Salman, change is in the works for its troubled labor sector. The goal to stop relying on expatriate workers and to transition to a nearly all-Saudi workforce is […]
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‘Subtle Change of Energy Policymaker Line-Up’ Gives King Salman Firm Hand on Energy Policy, Report Says
- March 3,2015
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- SUSTG Team
When Saudi Arabia’s King Salman announced a shake-up of leadership shortly after ascending to the throne in January, one of the Kingdom’s most powerful positions – Minister of Petroleum and Natural Resources – was left unchanged. Ali Al Naimi has been Minister for 20 years, and was CEO and President of Saudi Aramco for 12 years before […]
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Sisi in Saudi Arabia as Kingdom Strengthens Diplomatic, Security Ties with Egypt
- March 2,2015
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- SUSTG Team
Egypt’s President Abdel Fatteh el Sisi visited Saudi Arabia for talks with King Salman over the weekend as cooperation between the Kingdom of Saudi Arabia and Egypt on diplomatic and security challenges reaches a high point. Sisi, whose rise to power was a defeat for the Muslim Brotherhood that has long been at odds with Saudi […]
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MUST-READS
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Nuclear PowerHow Saudi Arabia’s nuclear power will play a role against climate change
As nuclear power is increasingly being seen as a key element in tackling climate change, Saudi Arabia is moving toward adopting the renewable energy source.
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IranDrought, climate change turn Iran’s Sistan and Baluchestan into a dust bowl
When, every May, a vicious, hair dryer-like wind, known as the Wind of 120 Days, begins to whip in across the semi-arid flatlands, the entire area wanes under a months-long barrage of sand, cloying dust, and noise.
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Capital MarketsWEF: Saudi Arabia’s inclusion in benchmarks will change the market
Saudi Arabia’s long-awaited inclusion in major global benchmarks could have an immediate and dramatic impact on financial markets, according to the chairman of the kingdom’s Capital Markets Authority (CMA).
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Opinion: Saudis Faces Cheap Oil, Social Liberalization, Climate Change
This volatile situation could be made even more precarious by three additional factors: declining oil revenues, climate change and social liberalization.
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Iran SanctionsPolicy Change at China’s Bank of Kunlun Cuts Iran Sanctions Lifeline
Bank of Kunlun, the state-owned bank at the heart of China’s trade with Iran, has made a dramatic change in its policies, informing clients that it will no longer process payments that contravene US secondary sanctions on Iran.
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War in YemenYemen’s warring parties exchange prisoner lists, talks focus on Hodeidah
Yemen’s Houthi movement and the Saudi-backed government on Tuesday exchanged lists of some 15,000 prisoners for a swap agreed as a confidence-building measure at the start of U.N.-sponsored peace talks.
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COP24Climate change: COP24 fails to adopt key scientific report
The IPCC report on the impacts of a temperature rise of 1.5C, had a significant impact when it was launched last October. Scientists and many delegates in Poland were shocked as the US, Saudi Arabia, Russia and Kuwait objected to this meeting "welcoming" the report.
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Climate ChangeWith Stakes Mounting, World’s Governments Meet on Climate Change
The Dec. 2-14 meeting in Poland is the most significant conference since Paris in 2015.
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Expat FeesNo change in dependents’ fee
Fee on each dependent of an expat worker came into force in July 2017. First year, the fee was SR100 per dependent per month. Then every year it is being increased by SR100 till the fee reaches SR400 per dependent per month in 2020.
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Climate ChangeClimate change will shrink US economy and kill thousands, government report warns
A new US government report delivers a dire warning about climate change and its devastating impacts, saying the economy could lose hundreds of billions of dollars -- or, in the worst-case scenario, more than 10% of its GDP -- by the end of the century.
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