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Event Alert: H.E. Khalid Al-Falih, Princess Reema bint Bandar Headline U.S.-Saudi Arabia Business Leaders Virtual Forum on March 23-24
- March 18,2021
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- SUSTG Team
The U.S. Chamber of Commerce is hosting a two day virtual event bringing together U.S. and Saudi Arabia business and government leaders on March 23-24. The event, entitled the U.S.-Saudi Arabia Business Leaders Virtual Forum, will see virtual keynote remarks delivered by H.E. Khalid Al-Falih, Saudi Arabia’s Minister of Investment, H.R.H. Princess Reema bint Bandar […]
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Stephen D. Bechtel Jr., Grandson of Company’s Founder, Dies at Age 95
- March 17,2021
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- SUSTG Team
Stephen D. Bechtel Jr., who expanded the global reach of Bechtel as chief executive from 1960 to 1990, died Monday at his home in San Francisco, the company announced. He was 95.
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‘Arab News’ Releases Impressive Graphical Feature on Saudi Arabia’s Heritage Sites
- March 17,2021
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- SUSTG Team
English-language daily news site Arab News has released a graphical feature item on its website detailing the five Saudi historic sites inscribed on UNESCO’s World Heritage List.
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New Paper Highlights Deep U.S.-Saudi Economic Relationship Beyond Defense and Energy
- March 16,2021
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- SUSTG Team
A new paper from authors David Kenner and Kameal Al-Ahmad of the King Faisal Center for Research provides a fresh overview of the US-Saudi economic relationship beyond the headline-dominating oil and arms sales.
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Viral Videos Show Sandstorms Engulfing Riyadh, Other Cities in Saudi Arabia
- March 15,2021
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- SUSTG Team
Viral videos emerging from social media show parts of Saudi Arabia experiencing an intense sandstorm which engulfed cities and towns in the Kingdom and forcing authorities to issue a weather warning.
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Report: Lucid Motors Committed to Building Factory in Saudi Arabia after PIF Investment Round
- March 10,2021
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- SUSTG Team
A Wall Street Journal report on Tuesday revealed that the electric-car startup Lucid Motors Inc. has an “undisclosed commitment to build an assembly plant in Saudi Arabia, a potentially costly promise the company made after accepting more than $1 billion in financing from the Saudi Public Investment Fund in 2018.” The promise could be both […]
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Oil Rises to $69 a Barrel on Brent as OPEC+ Supply Curbs Boost Prices
- March 9,2021
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- SUSTG Team
Oil rose to around $69 a barrel on Tuesday, a day after jumping above $70 for the first time in over a year as investors focused on prospects for tighter supply due to extended OPEC+ output curbs and amid growing hopes of a recovery in demand, according to a report from Reuters.
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Saudi Arabia Now the ‘Top Theatrical Market in the Middle East’ and is now a ‘Major Driver for Arabic Film Production’ – Variety
- March 5,2021
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- SUSTG Team
Saudi Arabia’s historic re-opening of cinemas three years ago was the start of a major cinema and film boom in the Kingdom, making the Kingdom “the top theatrical market in the Middle East and is turning into a major driver for Arabic film production,” a top Hollywood publication reports.
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U.S. Officials Hold First Direct Meeting with Iran-Backed Houthis in Bid to End War – Report
- March 4,2021
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- SUSTG Team
Senior U.S. officials have held a first direct meeting with officials from the Iran-backed Houthi organization that controls Yemen’s capital, Reuters reports, citing two sources familiar with the matter.
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OPEC+ Poised to Agree to Production Increase This Week as Oil Continues Climb
- March 3,2021
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- SUSTG Team
The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports. “There’s a widespread view within the group that the market can absorb additional barrels,” Bloomberg reports, citing people familiar with the […]
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MUST-READS
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UAE Space MissionEmirates space mission hopes to launch new era in Middle East
Announced in July 2014 by Sheikh Mohammed bin Rashid, the UAE’s vice-president and Dubai’s ruler, the Emirates Mars Mission is expected to launch in July 2020 sending the probe hurtling on the 60 million km journey to the red planet. It is expected to arrive seven months later, half a century to the year since the founding of the country, a union of seven emirates on the Arabian gulf.
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Iran Nuclear Agreement: Conventional WeaponsIran Nuclear Pact Could Spark Buildup Of Conventional Weapons
The deal between Iran and six world powers is limited to keeping that nation from building a nuclear bomb. But it's inevitable that the agreement, announced Tuesday in Vienna, will have broader consequences and one of them could be a buildup of conventional arms in the Middle East.
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Iran-GCCIran trade with GCC set to grow, but oil spat looms
Iran should boost trade with its Gulf Arab neighbours if a deal on its nuclear programme sees sanctions and an oil embargo lifted, but higher Iranian crude production could worsen tensions within OPEC, analysts say.
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AfghanistanAfghans flock to Kabul Taxi, a satirical Facebook page that spares no one
Step inside the Kabul Taxi, the Facebook page of the Afghan capital’s latest political satirist. No one knows the identity of its creator, but in the past three months more than 13,000 people have “liked” the page — making it something of a sounding board for Afghans’ collective frustration.
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War in Yemen: Border ConflictSaudi citizen killed in rocket attack launched from Yemen – SPA
The Saudi-Yemen border has in some places become a front line between the kingdom and Iran-allied Houthi rebel group that a Saudi-led Arab alliance has been bombing for eight weeks.
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MERSSudden rise in MERS cases in Saudi Arabia sparks new alert
A sudden rise in cases of the Middle East Respiratory Syndrome (MERS) has led the Saudi Arabian health ministry to issue a new alert for residents to be vigilant.
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YemenSaudi Airstrikes Raise Doubts Abroad, Spark Patriotic Fervor At Home
On a drive through Riyadh, the Saudi capital, newly erected billboards of the king and his son Mohammad Bin Salman — the newly appointed defense minister — are emblazoned with the words "God Supports You." A big banner declares, "Without the air force, the country cannot be protected."
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HajjReport: Iran Suspends Hajj Trips to Saudi Arabia Amid Spat
Iran suspended all minor hajj trips to Saudi Arabia on Monday amid growing diplomatic tensions between the two countries, state television reported.
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Saudi-PakistanSaudi Request on Yemen Sparks Crisis in Pakistan
During the first Gulf War in 1991, Pakistan’s prime minister, Nawaz Sharif, dispatched Pakistani troops to Saudi Arabia, where they became a part of the U.S.-led coalition confronting Saddam Hussein. At the time, the decision was unpopular at home, with criticism coming not just from the political opposition but also the then sitting army chief.
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IsraelIsrael admits its fire killed Spanish UN peacekeeper
Corporal Francisco Javier Soria Toledo was hit by Israeli artillery following a Hezbollah attack which killed two Israeli soldiers, according to a military statement.
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