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New Saudi Ambassador to United States HH Abdullah Al-Saud Addresses U.S. Business Community at First Public Event
- December 14,2015
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- SUSTG Team
HH Prince Abdullah Al Saud, Saudi Arabia’s new ambassador to the United States, gave his first public remarks as ambassador to the U.S. business community on Friday at an event at the U.S Chamber of Commerce, co-hosted by the U.S. Chamber of Commerce, the Council of Saudi Chambers of Commerce, the Saudi Committee for International […]
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No Change in Oil Strategy As Producers Continue With Pursuit of Market Share
- December 4,2015
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- SUSTG Team
OPEC appeared likely to maintain its policy of high production levels at its annual meeting in Vienna, according to reports, a decision that will continue downward pressure on crude prices in favor of greater market share. The decision to stick to the strategy was expected, but it is risky for countries that need the revenue, […]
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Report: Saudi Arabia to Work with OPEC to ‘Stabilize Prices’
- November 24,2015
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- SUSTG Team
A Bloomberg report citing the Saudi Press Agency said the Kingdom would work with producers within and outside the Organization of the Petroleum Exporting Countries to stabilize the market. The news sent oil price futures higher on international indices on Monday, but speculation about a global supply glut and signs of rising U.S. stockpiles caused […]
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Saudi Forces Train to Fight in Rugged Mountain Terrain as War in Yemen Continues
- November 19,2015
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- SUSTG Team
Military personnel from Saudi Arabia were photographed by the official Saudi Press Agency (SPA) training in remote mountain terrain as the battle against the Houthi rebels in Yemen continues. Victory has remained elusive for the Saudi-led coalition fighting in Yemen, but steady gains on the back of coalition airstrikes have turned the tide in the […]
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King Salman Tops Region’s Most Powerful in Latest Forbes List following Eventful First Year
- November 6,2015
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- Lucien Zeigler
Forbes magazine has named Custodian of the Two Holy Mosques HRH King Salman as the most powerful personality in the Arab world in the magazine’s most recent list for 2015. Russian President Vladimir Putin (No. 1) takes the top spot out of 73 on Forbes’s seventh annual ranking of “The World’s Most Powerful People.” In a curious decision by […]
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Long Saudi Arabia’s Third Rail, Energy Subsidies May be Targeted to Address Fiscal Challenges
- November 4,2015
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- Lucien Zeigler
With shrinking assets and a growing budget imbalance, Saudi Arabia is reportedly eying cuts to its domestic energy subsidy program, long a third rail for Saudi domestic politics. Although a reduction in energy subsidies could help the government balance its budget, the subsidies may be challenging politically. “On paper, ditching subsidies would close around two-thirds of […]
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Ahead of Critical Syrian Peace Summit, Saudi Arabia Looks to ‘Test’ Iran on Commitment to Peace
- October 29,2015
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- SUSTG Team
Vienna, Austria will play host to a crucial meeting on Friday on the future of Syria and international efforts to end the bloody 4-year civil war that has left hundreds of thousands dead and has served as a breeding ground for Daesh, or the self-described ISIS. For the first time, all the main powers with […]
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In Riyadh, Secretary of State John Kerry Meets with King Salman, Top Saudi Officials to Discuss Syria Coordination
- October 26,2015
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- SUSTG Team
Secretary of State John Kerry visited HRH King Salman and top Saudi officials in Riyadh over the weekend to discuss coordination in Syria, according to reports. Reuters reports that the United States and Saudi Arabia agreed to increase support to Syria’s moderate opposition while seeking a political resolution of the four-year conflict, the U.S. State […]
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Report: U.S. State Department Approves Sale of $11.5b Littoral Combat Ships to Saudi Arabia, Latest in ‘Biggest Year Yet’ for U.S. Arms Sales
- October 20,2015
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- SUSTG Team
The State Department has approved the sale of as many as four Littoral Combat Ships for $11.25 billion under the Foreign Military Sales program according to an official cited by Bloomberg. The approval allows the Saudis to negotiate contracts for the ships unless Congress passes legislation to block the deal, the report said. The news […]
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America is the Only Country that Taxes Their Citizens on Global Income. Here’s Why That Makes Them Toxic to Foreign Employers.
- October 16,2015
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- SUSTG Team
The United States is the only country to tax the earnings of its citizens abroad. Double-taxation, as it is known, is hurting American interests abroad and making the employment of U.S. citizens a toxic proposition for foreign companies. Writing in the Wall Street Journal, which is behind a paywall and requires subscription, Colleen Graffy assails […]
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MUST-READS
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Four U.S. Intelligence Agencies Produced Extensive Reports on Afghanistan, but All Failed to Predict Kabul’s Rapid Collapse
The analyses, however, differed over how long the Afghan government and military could hold on, the summaries show, with none foreseeing the group’s lightning sweep into the Afghan capital by Aug. 15 while U.S. forces remained on the ground.
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Big Oil hearing to kick off U.S. probe into climate disinformation -lawmaker
The sweeping nature of the Democrat-led investigation reflects rising urgency within the party to address global warming as Republicans and moderate Democrats block climate provisions at the heart of President Joe Biden’s spending bill, and as global leaders prepare to meet on climate change in Glasgow, Scotland next month.
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Iran believed to be responsible for last week’s drone attack on U.S. military base in Syria
U.S. officials confirm that five drones were launched from within Syria in the attack on al-Tanf. Last week, U.S. Central Command called the attack "deliberate and coordinated," but no injuries were reported among U.S. troops, U.S. Central Command spokesman Navy Captain Bill Urban said in a statement on the day of the attack.
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Dwindling Oil Supply at U.S. Hub Is Rippling Into Global Markets
“Brent spreads are rallying as the idea of diminished exports from the U.S. with good margins and stronger global runs means that Brent related barrels may have to replace U.S. crudes,” said Scott Shelton energy specialist at ICAP.
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Special Briefing with Robert Malley, U.S. Special Envoy for Iran
We’ve been at this now for – we had six rounds of talks and now we’ve had a hiatus of many months, and the official reasons given by Iran for why we’re in this hiatus are wearing very thin. Particularly because at the same time as they are not coming to the table, they’re not prepared to discuss how we could resume mutual compliance with the JCPOA, they are taking steps to expand their nuclear program and they’re putting additional obstacles on the work of the IAEA, all of which is in contradiction or inconsistent with what they claim to be their desire to come back to the JCPOA.
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U.S. Oil Tops $85 as Saudi Arabia Vows Caution on Supplies
Oil has more than doubled over the past 12 months, and coupled with a global energy crunch it is fanning inflationary concerns. So far, there appears to be little end in sight for the rally, and Wall Street has been steadily upping its views of the market, expecting prices to trade higher for longer. Goldman Sachs Group Inc. says consumption is on the cusp of returning to pre-Covid levels,
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Former Saudi spymaster seeks U.S. help for his jailed children
Jabri spent many years as bin Nayef's closest aide at the Ministry of Interior, including helping to overhaul the kingdom's intelligence and counterterrorism operations. In January, a group of Saudi state-owned firms alleged in a lawsuit in Canada that Jabri embezzled billions of dollars of state funds while working at the Ministry of Interior.
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Israeli official says reopening of U.S. Palestinian mission in Jerusalem may not happen
U.S. Secretary of State Antony Blinken this month reiterated Washington's plan to reopen the consulate as part of efforts to repair Palestinian ties. He did not give timelines. "I believe that I have good reason to think this will not happen," Deputy Foreign Minister Idan Roll told Israel's Ynet TV.
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U.S. and Iran enter ‘decisive’ period to revive nuclear accord or risk failure, U.N. watchdog chief says
Iran, in response to an urgent appeal by IAEA Director General Rafael Grossi, has now extended an invitation for him to meet with its political leaders in Tehran in the coming days, Grossi said in an interview. On his agenda are interruptions in international monitoring of Iran’s nuclear program and other questions that, if they are not resolved, could make it virtually impossible to return to the agreement.
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Commentary: Attack on U.S. Base Shows How Iran Is Leveling Drone Battlefield
Frantzman says the Iranians began using unmanned aerial vehicles for surveillance purposes in the Iran-Iraq war. But the real breakthrough came in 2011, when Iran shot down a U.S. surveillance drone. Most experts, including Frantzman, now believe the Iranians were able to reverse-engineer the body of the weapon but still lack the technology to reproduce its advanced guidance and radar systems.
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