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Recent stories from sustg
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As Oil Dips Below $70, American Producers Wonder Where the Bottom Is and Eye an End to Export Ban
- December 8,2014
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- Lucien Zeigler
The second half of 2014 has been a lively period for the U.S. shale industry. Fueled by new technologies and a soaring oil price, everyone from upstart producers to big oil were taking advantage of new production opportunities in United States in shale deposits. Over the last year, the U.S. alone accounted for 82% of non-OPEC production growth, […]
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Investing in Middle East Healthcare for both Financial and Social Returns
- October 31,2014
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- Mussaad Al-Razouki
It is no secret that Gulf Cooperation Council (GCC) governments are spending billions of dinars, riyals and dirhams on upgrading their healthcare infrastructure. Local and regional newspapers are filled with stories on newer, bigger and flashier hospital projects. Saudi Arabia’s 2013-2014 budget includes funds for 19 new hospitals in addition to the 102 hospitals currently […]
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Video: Full Keynote Address by HRH Prince Turki Al Faisal at the 2014 AUSPC
- October 30,2014
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- SUSTG Team
Prince Turki al-Faisal’s remarks to the 23nd Annual Arab-U.S. Policymakers Conference, entitled, “Framing and Charting the Region’s Issues, Interests, Challenges, and Opportunities: Implications for Arab and U.S. Policies” Saudi Arabia’s Prince Turki al-Faisal is Chairman, King Faisal Center for Research and Islamic Studies, Riyadh, Saudi Arabia and former Saudi Arabian Ambassador to the United Kingdom and to […]
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Al-Jubeir: ‘Every Time the U.S. and Saudi Arabia Have Come Together, We have Done Wonders for the Region’
- October 30,2014
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- SUSTG Team
In his luncheon keynote remarks to the National Council on US-Arab Relation’s annual policymaker’s forum in Washington, D.C., Saudi Arabia’s Ambassador to the United States Adel al-Jubeir discussed the historical and current status of the Saudi-U.S. relationship and it’s track record of success when facing regional and global challenges. Full video of his remarks can […]
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At Policymakers Event, Prince Turki al-Faisal Takes Aim at Allegations of Saudi Support of Terror
- October 29,2014
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- Lucien Zeigler
Saudi Arabia’s Prince Turki al-Faisal, Chairman, King Faisal Center for Research and Islamic Studies, Riyadh, Saudi Arabia and former Saudi Arabian Ambassador to the United Kingdom and to the United States of America, delivered sharp criticism of those who put forth unsupported allegations of Saudi financing of extremism abroad, urging them to come forward with […]
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Opinion: Teaching Religious Tolerance in Schools
- October 23,2014
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- Nouf Al Sadiq
In recent months, much attention has been given to the expanding influence of jihadist groups and religious extremists in the Middle East. The rise of the Islamic State (ISIS) in Iraq has been attributed, in part, to former Prime Minister Maliki’s sectarian policies. The Houthis, a Shiite rebel group in Yemen have occupied Sanaa and […]
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Saudi FM Says Iran is ‘Part of the Problem and Not Part of the Solution’ in Regional Conflicts as KSA Diplomatic Activity Increases
- October 13,2014
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- Lucien Zeigler
The Kingdom of Saudi Arabia had an active start to the week for its regional policy as the Emir of Qatar and Germany’s Foreign Minister were in Jeddah to meet with Saudi officials. Qatar’s Emir Sheikh Tamim bin Hamad al-Thani met with King Abdullah at his palace on the Red Sea, while Prince Saud al-Faisal met […]
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At C3 US-Arab Business Summit in New York, Experts Discuss Opportunities
- October 8,2014
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- SUSTG Team
On Monday, business and government officials gathered in New York City for the C3 U.S.-Arab Business Summit to discuss opportunities and key issues to the region. In his Keynote address, UAE Businessman Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group, discussed his path to success and how he built his business empire over […]
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‘Sigh of Relief’ as Saudi Arabia Secures Hajj from Disease, Violence
- October 6,2014
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- Lucien Zeigler
Saudi Arabia’s management of the largest annual human migration on the planet is closely watched due to the importance of the rite in the Islamic religion, the participation of Muslims from around the globe and the immense logistical complexities of the event. This year’s Hajj was exceptionally challenging for authorities with a trifecta of serious threats […]
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Saudi Arabia’s Energy Pivot to Asia ‘May Result in Lower Crude Prices’, Analyst Predicts
- September 30,2014
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- SUSTG Team
Saudi Arabia is starting to focus more on Asian destinations for its crude, which may result in lower costs to the region, writes Clyde Russell in a Reuters analysis. “The Saudis aren’t exactly retreating from the North American and European markets, but they seem to have read in the tea leaves the trend that physical […]
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MUST-READS
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Saudi Sports for All Federation Unveils Riyadh Marathon Route, Venues, and Sponsors for Inaugural SFA International Sporting Events
The SFA Expo will serve as the marathon’s bib collection hub and will feature interactive zones focused on sports, health, and fitness, showcasing cutting-edge equipment, wellness activities, and emerging technologies. The event will also include a B2B lounge for industry networking, and workshops on mindfulness and nutrition. Another highlight will be the Primal Race on Friday, February 7, a functional fitness challenge featuring a series of high-intensity activities interspersed with 400m group runs.
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Saudi Aramco Joins The Open Group as Platinum Member
The Open Group, the vendor-neutral technology standards organization, has today announced that Saudi Aramco has become its latest Platinum Member. In this capacity, Saudi Aramco will have the opportunity to expand its presence across The Open Group Forums, take a leadership position, and have representation on the Governing Board. Saudi Aramco first joined The Open Group in 2016 as a Member of the Open Process Automation™ Forum (OPAF). The company has since collaborated with industry leaders on an O-PAS™ Automation Test Bed, assessing and validating next-generation open and interoperable technologies. In 2020, Saudi Aramco also became a member of The Open Group OSDU® Forum, joining industry peers in developing transformational technology to support the world’s changing energy needs.
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Saudi Arabia’s Billion-Dollar VC Boom: How SVC Is Shaping The Kingdom’s Financial Future
Saudi Arabia has solidified its position as the top destination for venture capital (VC) investments in the Middle East and North Africa (MENA) region for the second consecutive year. According to data from MAGNiTT, the Kingdom secured $750 million in VC funding in 2024, accounting for 40 percent of total regional VC capital. The nation also witnessed a 16 percent increase in deal flow, closing 178 deals—the highest in the region. The United Arab Emirates (UAE) followed with $613 million in VC investments across 188 deals, leading the region in deal volume and achieving 12 exits.
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Sony Pictures Classics Acquires Haifaa Al Mansour’s Saudi Thriller ‘Unidentified’
Sony Pictures Classics has acquired “Unidentified,” the latest feature from groundbreaking Saudi director Haifaa Al Mansour. The film reunites Al Mansour with SPC 13 years after it came aboard her landmark 2012 debut “Wadjda,” which became the first feature to be shot entirely in Saudi Arabia, the first feature shot by a female Saudi director and the first Saudi Oscar submission. Currently in post-production and described as a contemporary Arab-language thriller, “Unidentified” — written and produced by Al Mansour and Brad Niemann (“The Perfect Candidate”) — stars Mila Al Zahrani (“The Perfect Candidate”) and Shafi Al Harthi (“A Woman’s Life”).
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Riyadh’s Grand Wedding of 300 Couples Goes Viral
Talk about a wedding of the century! Riyadh just pulled off the most epic mass wedding, uniting 300 Saudi couples in a night full of love, music, and jaw-dropping surprises. Hosted by the General Entertainment Authority (GEA) as part of Riyadh Season, the “Night of a Lifetime” has left the internet in total awe. Talk about a wedding of the century! Riyadh just pulled off the most epic mass wedding, uniting 300 Saudi couples in a night full of love, music, and jaw-dropping surprises. Hosted by the General Entertainment Authority (GEA) as part of Riyadh Season, the “Night of a Lifetime” has left the internet in total awe.
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Oil prices attempt to bounce off 2025 lows after Saudi Arabia raises crude prices
Oil futures ticked higher early Thursday, seeing a modest bounce off 2025 lows after Saudi Arabia's state-owned petroleum company significantly raised physical crude prices for Asia. WTI and Brent ended Wednesday at their lowest since December, sinking on worries over U.S. tariffs on China and data that showed a large jump in U.S. crude inventories last week. Saudi Aramco, the world's largest oil company, on Thursday said it had significantly raised the price of physical crude for Asian buyers. Aramco raised the March price of its flagship Arab light crude to Asia to $3.90 a barrel over the Oman/Dubai crude benchmark, an increase of $2.90 a barrel from February.
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Saudi Arabia removes restrictions on foreign on-demand charter flights
The move builds on impressive growth in Saudi’s private aviation market with 23, 612 business jet flights recorded in 2024, an increase of more than 4,600 flights on 2923 figures. Domestic flights accounted to 9,206 (+26% on 2023) movements last year. In line with Saudi Arabia’s aviation strategy as part of Vision 2030, GACA’s General Aviation Roadmap was launched in May 2024 to establish the country as a general aviation hub in the region. There is currently an unprecedented infrastructure programme underway to establish new private airports and terminals across the Kingdom. GACA’s roadmap will deliver six dedicated business aviation airports and a further nine dedicated business aviation hubs. It will also increase the FBO and MRO capacity for business jets.
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King Salman, Crown Prince put Saudi back on track: Prince Alwaleed
He expressed optimism about Saudi Arabia’s progress, highlighting that his investments span various sectors, including tourism, hotel management, commercial real estate, industrial projects, etc. The Crown Prince possesses boundless energy, and foresight, and is a strong strategist for the coming years, Prince Alwaleed said, adding that long-term planning for 10-15 years ahead is an essential quality for any leader.
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Out With the Old, In With the New: Is There a New Hope for Lebanon?
Politics in Lebanon has been based on sectarian power sharing that guarantees representation to all 18 sects, including through an informal arrangement that divides ministerial portfolios by sectarian identity and applies quotas to government posts. This system sustains a weak and patronage-based system through which competing bureaucratic fiefdoms vie for power. Quotas have been treated like entitlements, helping those in control channel state resources to their followers and allies. On top of this has been Hezbollah’s “blocking third’’ in the government that has given the group veto power over cabinet decisions and the ability to topple the government.
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Revolutionary Legitimacy in Syria: Sharaa as President
The December 8, 2024, collapse of the Assad regime necessitated a strategy for the new Syrian administration to garner the legal and constitutional cover to lead a transition from authoritarianism. Many ideas have surfaced, such as a call for a national dialogue conference with the participation of some 1,200 delegates. But the task of organizing such a conference during a fraught transitional period prompted the new authorities to postpone it, pending better circumstances. The second option, which was selected, was to move forward with the concept of revolutionary legitimacy, a temporary and exceptional concept that expires with the end of the revolutionary stage or transitional period.
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