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Nitaqat: Towards a Saudi “New Deal?”
- December 14,2012
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- Nathan Field
Editor’s Note: ‘Saudization’ is a topic that has garnered a great deal of front-page ink in Saudi Arabia of late. The Nitaqat (“Ranges”) Program introduced in 2011 has staunch advocates and detractors and the ongoing argument between members of the private sector and the Ministry of Labor over recent fee hikes for foreign employees has been […]
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For Saudi Football, a Moment in the International Spotlight
- November 15,2012
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- Lucien Zeigler
Saudi Arabia’s national football team has had its ups and downs in the last decade, thus far struggling to make a name for itself as a contender in a world full of elite national teams. Nevertheless, the ups and downs of the Saudi program are closely followed by Saudis all over the world and has, […]
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Jadwa Investment – November 2012 Saudi Chartbook
- November 13,2012
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- SUSTG Team
Jadwa Investment’s Saudi Chartbook for the month of November 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and third quarter earnings. To read the entire report in full as a PDF, click […]
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Saudi Arabia’s SABIC sets sights on U.S. shale gas boom
- November 13,2012
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- SUSTG Team
Saudi Basic Industries Corp (SABIC) is considering investing in the United States to capitalise on the shale gas boom there, its chief executive told Reuters on Monday. SABIC and other petrochemical producers in Saudi Arabia have been looking for additional gas supplies to fuel their expansion plans, with SABIC now casting its gaze overseas. “We […]
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Randa Hudome: How do I get my business over to the Middle East?
- October 18,2012
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- SUSTG Team
In addition to featured speakers such as President Bill Clinton and Mr. Abdullah Alireza the recent C3 Summit in New York City presented a number of compelling panel discussions addressing commercial and trade issues related to doing business in the MENA region.
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Saudi oil sales to U.S. robust despite refinery upsets
- October 17,2012
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- SUSTG Team
Saudi Arabia appears to be keeping its pledge to ensure global markets are well supplied with oil, barely letting up in shipments to the United States even after two of its biggest refining customers suffered crippling glitches. A Reuters analysis of U.S. import data shows sales to the world’s top oil consumer have dipped less […]
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US Eximbank OKs record-breaking $5 bln loan for Saudi petchem complex
- September 28,2012
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- SUSTG Team
In its largest job-supporting authorization to date, the board of the Export-Import Bank of the United States (Ex-Im Bank) has approved a $4.975 billion direct loan to Sadara Chemical Company for the export of American goods and services required in the construction of a petrochemical complex in Jubail Industrial City II in the Kingdom of […]
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U.S. Approval Eroding in MENA Before Film Controversy
- September 24,2012
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- SUSTG Team
Approval of U.S. leadership in the Middle East and North Africa (MENA) region was already slipping before the recent wave of anti-U.S. protests across the region. An average of 20% of adults across 12 MENA countries Gallup surveyed between January and May 2012 approved of the job performance of the leadership of the U.S. This […]
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Jadwa: Private sector leads real GDP growth in Q2
- September 21,2012
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- SUSTG Team
Jadwa Investment recently released a report about GDP growth in Saudi Arabia, noting that the private sector was leading real GDP growth in the second quarter of 2012. Latest economic growth data released last week confirm that the healthy performance of the Saudi economy continued into the second quarter of 2012 albeit at slower pace than previous […]
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Abdullah Alireza speaks at C3 Summit
- September 20,2012
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- Richard Wilson
SUSTG attended the C3 Summit in New York City September 13-14, 2012. This was the inaugural event in what the organizers anticipate will be an annual gathering to ‘build new relationships, foster existing partnerships and exchange best practices’ between the U.S. and the Arab world. C3 (Community, Collaboration and Commerce) is looking to host the […]
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MUST-READS
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U.S.-Saudi CEO ForumSaudi Arabia’s new crown prince to sit down with Wall Street this week
Saudi Arabia’s crown prince will rub shoulders in New York next week with top figures from Wall Street and Corporate America, part of a whistle-stop first visit to the United States since becoming King Salman’s heir apparent last year.
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BahrainIn Saudi Shadow, One Troubled Gulf State Seeks an Investor Reset
That’s a widespread aspiration in the Persian Gulf -- and the Manama skyline wouldn’t be out of place among peer cities. But it’s a sharp remove from the rest of Bahrain, a country that faces a challenge unique in the neighborhood. At the same time as pursuing a more diverse economy, it’s battling to contain political unrest. There’s another Bahrain in which security forces conduct night-time raids into villages where the Shiite Muslim majority live, while leaders of opposition groups remain jailed.
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MBS US VisitSaudi Arabia’s new crown prince to sit down with Wall Street
Saudi Arabia’s crown prince will rub shoulders in New York next week with top figures from Wall Street and Corporate America, part of a whistle-stop first visit to the United States since becoming King Salman’s heir apparent last year.
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InflationSaudi February inflation edges down slightly after jump on new tax
Saudi Arabia’s annual inflation rate fell back marginally in February after jumping in January, when the government introduced a 5 percent value-added tax and hiked domestic gasoline prices, official data showed on Wednesday.
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MBS US VisitCounting Down 7 Big Meetings Likely On Saudi Crown Prince’s US Agenda
Here are seven important meetings we know about, hear rumors about, and suspect might happen.
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CitizenshipForeign wives, widows can now apply for Saudi nationality
After four years, the Civil Affairs and its branches all over Saudi Arabia have resumed receiving requests from foreign wives and widows of Saudi men for nationality, according to a story in Saudi Gazette. Applicants will be granted scores based on aspects like the place of birth, educational qualifications, and duration of their stay in Saudi Arabia. A score of at least 17 points is required to process the application.
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Corruption CrackdownTop Saudi official: Secretive corruption crackdown was “efficient”
We were worried that if we started processing people one at a time, that some of the money might be siphoned out of the kingdom, that it would have a severe negative impact on the country and the economy.
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Abraaj GroupWhat Led the Middle East’s Top Dealmaker to Step Down
The Middle East’s biggest private equity dealmaker is stepping aside under a cloud of controversy. Arif Naqvi ceded control of the fund-management unit of his Abraaj Group in February on the heels of allegations that money in the company’s health fund had been misused.
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Vision 2030Saudi Arabia′s cultural change: Civil society meets ′top-down′ reform
Movies, opera, travel: a strong wind of change appears to be blowing through the desert kingdom. According to Saudi Arabia expert Sebastian Sons, reforms could turn the country's culture and economy on its head.
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Saudi-IndiaSaudi Arabia eyes Indian crude market comeback, new downstream ventures
Falih was in India, the main driver of global oil demand growth in 2017, on a two-day visit to discuss increased Saudi involvement in the Indian energy sector. This includes an invitation by the petroleum ministry to participate in its Strategic Petroleum Reserve program.
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