SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Ransomware takes center stage in U.S. official’s Middle East trip

    U.S. Deputy Treasury Secretary Wally Adeyemo will travel to the Middle East on Friday, a Treasury spokesperson told Reuters, where he will seek to build partnerships on ransomware and cybersecurity as hackers wreak havoc among some of America's more vital industries. Adeyemo, in the highest-ranking visit of a Treasury official to the region under President Joe Biden's administration, will also discuss countering terrorist financing and proliferation as well as economic recovery following the coronavirus pandemic in his visits to Israel, Saudi Arabia, the United Arab Emirates and Qatar.

  • U.S. Warns Saudi Arabia Its Tax Regime May Drive Firms Away

    The U.S. has criticized Saudi Arabia’s tax authorities and warned that disputes with foreign companies risk discouraging investment in the country. “Numerous multinational enterprises” operating in Saudi Arabia “have experienced tax issues exhibiting a lack of transparency, consistency and due process compared to what they have come to expect from other nations,” the U.S. embassy in Riyadh said in a letter to the Saudi Ministry of Investment.

  • U.S. Iran envoy visits UAE, Israel, Saudi and Bahrain Nov. 11-20

    U.S. Special Envoy for Iran Rob Malley will travel to the United Arab Emirates, Israel, Saudi Arabia and Bahrain Nov. 11-20 to coordinate ahead of fresh talks about reviving the 2015 Iran nuclear deal, the U.S. State Department said on Thursday. "He will coordinate our approaches on a broad range of concerns with Iran, including its destabilizing activities in the region and the upcoming seventh round of talks on a mutual return to full compliance with the (deal)," the statement said, referring to the Nov. 29 resumption of indirect U.S.-Iran talks.

  • U.S. Warns Saudi Arabia That Its Tax Regime May Drive Firms Away

    The U.S. comments come as Crown Prince Mohammed bin Salman tries to transform the oil-dependent economy and draw in more international firms. He’s hoping to attract around $100 billion of foreign direct investment each year by 2030. Overhauling the kingdom’s legal system and taxation practices are key parts of his plan, but the reforms have proved to be complicated.

  • U.S. Is Already Exporting Oil From Strategic Reserve at Record Pace

    “Given the ongoing pace of the current SPR release -- 12 million barrels in the last two months and the biggest weekly release so far last week at 3.1 million barrels -- it’s fair to assume more SPR barrels are going to leave U.S. shores in the weeks ahead,” said Matt Smith, an oil analyst at Kpler.

  • Opinion: U.S. Policymakers Are Misreading Iran

    While Raisi is now differentiating himself from Rouhani’s approach through delaying a return to Vienna, it is a leap to assume that Iran is now finished with the JCPOA. None of the rhetoric or actions of Raisi’s government suggest Iran is abandoning the deal.

  • Iran wants U.S. assurances it will never abandon nuclear deal if revived

    Iran said on Monday that the United States should provide guarantees that it will not abandon Tehran's 2015 nuclear deal with world powers again, if talks to revive the agreement succeed. Indirect talks between Iran and the United States, which stalled in June after the election of hardline Iranian President Ebrahim Raisi, are set to resume on Nov. 29 in Vienna to find ways to reinstate the 2015 accord.

  • Oil Rises Ahead of Key Report Guiding U.S. Price Response

    Oil has rebounded with stronger demand, which has now returned to 2019 levels, according to top trader Vitol Group. Biden has urged the Organization of Petroleum Exporting Countries and its allies to quicken the return of supplies halted during the pandemic. Their refusal has put the focus back on the U.S. president and the steps he could now take to try and bring prices back down.

  • U.S. joins last-ditch bid to stop Ethiopia conflict spiraling into an all-out civil war, and “time is short”

    Diplomats were scrambling on Tuesday for a peaceful resolution to the conflict putting hundreds of thousands of civilian lives at risk in Ethiopia. The war between Prime Minister Abiy Ahmed's government and rebels that started a year ago has escalated and is now threatening his hold on power, with a coalition of opposition groups advancing on the capital, Adis Ababa.

  • U.S. says worried about increase in attacks by ISIS-K in Afghanistan

    The United States is worried about an uptick in attacks by Islamic State's affiliate in Afghanistan and remains deeply concerned about al Qaeda's ongoing presence there, U.S. Special Representative for Afghanistan Tom West said on Monday. West spoke to reporters by telephone from Brussels, where he briefed NATO allies on U.S. talks with the Taliban and held consultations on a "road map" toward recognition of the government that the Islamists formed after their takeover and the U.S. troop pullout in August.