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The Euromoney Conference: Investment in Saudi Arabia – Sfakianakis
- May 16,2014
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- John Sfakianakis
Just recently Fitch upgraded the sovereign rating of Saudi Arabia to AA from AA-, denoting a stable outlook for the Kingdom. Fitch’s upgrade of Saudi Arabia’s sovereign rating makes it rank seventh within the G20 members, after the United States, Germany, Canada, Australia, Britain, France, and ahead of even Japan and China. Despite political upheaval […]
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Commerce Secretary Penny Pritzker Discusses Exports, New Initiatives at Atlantic Live Event
- May 14,2014
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- Lucien Zeigler
The Atlantic magazine in Washington and its events arm Atlantic Live held a conversation today with United States Commerce Secretary Penny Pritzker and Washington Editor-at-Large, Steve Clemons to discuss the DoC’s efforts at promoting U.S. exports. Pritzker, who spoke last September at the U.S.-Saudi Business Opportunities Forum in Los Angeles for which SUSTG was a principal […]
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Commentary | King Abdullah: Nine Golden Years of Prosperity and Stability – Mulhim
- May 6,2014
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- SUSTG Team
Saturday marked the 9th anniversary [on the Islamic calendar] of Custodian of the Two Holy Mosques King Abdullah’s accession to the throne and pledging of allegiance to him. When King Abdullah assumed the leadership of Saudi Arabia, the world in general and the region in particular was facing difficult times, as violence, instability and drastic […]
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President Obama’s Visit to Riyadh: 3 Takeaways from Obama’s Meeting with King Abdullah
- March 31,2014
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- Lucien Zeigler
President Obama’s recently concluded visit to Riyadh – his second as President – comes at a pivotal time in U.S.-Saudi relations. With the ongoing conflict in Syria and Iran’s nuclear program the big topics discussed between the two leaders, the meeting was an important opportunity for the two old allies to get on the same […]
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Analysis Roundup: President Obama’s Second State Visit to the Kingdom of Saudi Arabia
- March 27,2014
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- Lucien Zeigler
President Obama’s visit to Saudi Arabia later this week comes at a crucial time in U.S.-Saudi relations and in the context of regional and geopolitical developments.
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A Plea to the Saudi Ministry of Transportation: Save the Lives of Thousands of Saudis
- March 11,2014
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- John Sfakianakis
Recently, I received an invitation from Saudi Aramco to deliver a speech in the Eastern Province peninsula town of Ras Tanura, Saudi Arabia. I was welcomed as a member of the Saudi Aramco family, and not just a visitor. This was not my first time delivering a speech for this great company. I decided to […]
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Opinion: Comprehensive Reform of the Labor Market in Saudi Arabia
- January 26,2014
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- John Sfakianakis
Besides energy subsidies and the future of energy consumption at the local level, the labor market is considered one of the key variables with respect to the economic future of the kingdom. The labor market should be an integral part of the thinking of government officials when planning at all levels, without exception. The Ministry of […]
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On Saudi Employment, The Numbers Do Not Lie
- January 5,2014
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- John Sfakianakis
During the past few weeks the public’s attention has been focused on the labor market, and much has been said about providing jobs for Saudis. There is no doubt that jobs have been created in the past few years, but some figures announced in the media are exaggerated.
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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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For Saudi Arabia, Change in Fiscal Policy Should Come Sooner than Later
- December 28,2013
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- John Sfakianakis
Each year brings the announcement of a new historic budget for Saudi Arabia with an increase in spending higher than its predecessor. In fact, there is nothing permanent in the economy, and there is nothing permanent in government spending. For Saudi Arabia, government spending depends on oil prices, and the continued expansion of the budget is […]
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MUST-READS
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Vision 2030Saudi Arabia could be ‘fantastically changed’ even if only half of its reform plans happen, investor says
"I think if the crown prince only achieves 50 percent of his vision, that country is going to be fantastically changed," Investcorp's executive chairman, Mohammed Bin Mahfoodh Alardhi, told CNBC's Hadley Gamble in Abu Dhabi.
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Women in Saudi ArabiaCycling in Jeddah: Saudi women embrace change
Fluent in English, Arabic and Turkish and trained in ballet, Amirah is part of a young generation of Saudi women seizing new opportunities in spite of a guardianship system that still requires women to have a male relative’s approval for certain key decisions like traveling abroad.
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Saudi Aramco IPOHow Saudi Arabia’s Tiny Exchange Is Preparing to Host the World’s Biggest IPO
Saudi Arabia’s meager stock exchange hosts around 191 companies whose value totals roughly $500 billion, or a little more than half the value of Apple Inc. With one more very important listing, it could balloon in size—or be overwhelmed.
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Saudi Aramco IPOSaudi exchange counting on foreign funds to aid Aramco IPO, chief says
Saudi Arabia’s stock exchange expects an influx of foreign funds to smooth the listing of national oil firm Saudi Aramco, despite concern among some analysts about whether the market can absorb the huge offer, the exchange’s chief executive said on Sunday.
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FinanceSaudi Arabian regulator approves exchange listing of domestic government bonds
Saudi Arabia’s securities regulator said on Sunday that it had approved the listing of local currency government bonds on the Saudi Stock Exchange, which are part of efforts to spur secondary market trading of debt and strengthen state finances.
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WomenVideo: Women unveil cultural change in Saudi Arabia
In Saudi Arabia, most people are too young to remember when religious extremists took over everyday life, especially for women. With a crown prince who wants to rebrand the kingdom's image, many women are feeling, and fueling, winds of change.
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Climate ChargesJudge dismisses Exxon’s attempt to stop state climate change investigations
A federal judge in Manhattan on Thursday dismissed Exxon's lawsuit claiming officials in New York and Massachusetts were pursuing bad faith investigations in violation of the oil giant's constitutional rights.
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Adel Al-JubeirSaudi foreign minister addresses changes in his country
Splits with the Trump administration over moving the U.S. embassy in Israel to Jerusalem, wants to broaden the Iran nuke deal and discusses Jared Kushner.
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Saudi Aramco IPOSaudi Aramco expected to list first on Saudi stock exchange, delaying international debut
Saudi Arabia's state-owned oil giant Aramco, the world's largest oil company, is walking back plans for a massive public share offering on an international exchange.
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Vision 2030Saudi Arabia embraces change — and the United States can help
Seldom in human history do countries peacefully and voluntarily embark upon a resolute course correction to recalibrate a national economy and expand societal norms — without comprising religious sensibilities. Yet that is precisely what the Kingdom of Saudi Arabia is attempting to do.
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