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Recent stories from sustg
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Report: Saudi Aramco Considering Tokyo For International Listing
- August 30,2019
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- SUSTG Team
Saudi Aramco is considering Tokyo as the international destination to list its shares, according to an exclusive report in The Wall Street Journal on Thursday. Saudi Aramco is “considering a plan to split the world’s largest IPO into two stages, offering a portion of its shares on the Saudi stock exchange later this year and following up […]
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Secretary Pompeo, Saudi Deputy Defense Minister Prince Khalid bin Salman Meet in Washington
- August 29,2019
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- SUSTG Team
Secretary of State Mike Pompeo and Saudi Deputy Defense Minister Prince Khalid bin Salman met in Washington D.C. yesterday to discuss the ongoing war in Yemen and other U.S.-Saudi defense related topics. “On Yemen, the Secretary reiterated U.S. support for a negotiated resolution between the Republic of Yemen government and the Southern Transitional Council, and thanked […]
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Almarai Company Solar Project Set to be Kingdom’s Largest, For Now
- August 22,2019
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- SUSTG Team
Saudi Arabia food and beverage conglomerate Almarai has completed a solar project which is being billed as Saudi Arabia’s largest to date, according to a report. The 15MW Al Kharj Solar project, built at a cost of SAR44.4 million (around $12 million), will generate 28GWh of solar power every year, according to the company. Almarai said Al […]
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Saudi Aramco Reports $47 Billion in Earnings; Plans to Buy Reliance Refining Stake
- August 12,2019
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- SUSTG Team
In its first-ever half-year earnings report, Saudi Aramco said the company had earned a net income of $46.9 billion in the first half of 2019, a 12 percent decrease from $53 billion in the period a year earlier, when oil prices were higher. Saudi Aramco partly attributed the decline in net income to a 4% fall in the average […]
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Senate Fails to Override Trump’s Veto of Saudi and UAE Defense Sale Bans
- July 30,2019
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- SUSTG Team
The U.S. Senate failed to override President Donald Trump’s vetoes of legislation passed by Congress that would have blocked the sales of certain weapons to Saudi Arabia and the United Arab Emirates, meaning the transactions may proceed forward. Supporters of the ban won a voice vote of 45-40 in the Senate, roughly 21 votes short of […]
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Trump Vetoes Three Bills Limiting U.S. Military Sales to Saudi Arabia and UAE
- July 25,2019
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- SUSTG Team
President Trump vetoed three congressional resolutions aimed at blocking his administration from selling billions of dollars of weapons to Saudi Arabia and the United Arab Emirates. “This resolution would weaken America’s global competitiveness and damage the important relationships we share with our allies and partners,” the president said in a statement on Wednesday. The arms package included […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 4: The Rock Art of the Ha’il Region
- July 19,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the fourth installment of the series of seven, Aramco Expats chose the […]
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Saudi Arabia approves new tendering and procurement law – report
- July 17,2019
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- SUSTG Team
Saudi Arabia’s government has approved a law to improve the way it procures contracts and services “by saving money, making the process fairer, and boosting local bidders,” Reuters reports, citing information from the Ministry of Finance. The new Government Tendering and Procurement law is an “important measure” within Vision 2030 reforms as it helps to improve the […]
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Dates Set for Saudi Arabia’s Future Investment Initiative 2019
- July 5,2019
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- SUSTG Team
Saudi Arabia’s Future Investment Initiative (FII) will take place from 29-31 October in Riyadh, the event’s official Twitter page said in an announcement. Dubbed “Davos in the Desert,” the FII brings together world leaders, investors and innovators will explore the opportunities, trends, and challenges shaping the global investment landscape. Attendees will gather to “continue to discuss the […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 3: Ad Diriyah
- June 28,2019
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- SUSTG Team
Over the course of seven weeks, SUSTG is publishing a series of posts highlighting the seven wonders of Arabia as selected and featured by AramcoExpats.com, an online blog that is a resource for current and former Saudi Aramco expatriates and their families. As the Kingdom prepares to open itself up to more visitors and boost its tourism industry in line with Vision […]
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MUST-READS
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United NationsSaudi-Syrian Shouting Match Overshadows Iran Human Rights Report
A United Nations official threatened to call in security guards to calm a committee meeting on Iran’s human rights violations after delegates from Saudi Arabia and Syria started shouting at each other.
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E-CommerceShowdown looms in Saudi Arabia’s e-commerce market
Saudi Arabia's online retail market has remained largely untapped, with only one major company operating within the Kingdom. Now Amazon and Noon.com will be competing for online customers.
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YemenUS MQ-9 drone shot down in Yemen
The MQ-9 is predominately an armed hunter-killer drone but the unmanned aircraft is also capable of surveillance and intelligence collection.
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IraqContractors Accuse Iraq of Shake Downs to Force Tax Payments
American military contractors operating in Iraq are accusing Baghdad of employing strong-arm tactics to make them pay exorbitant income taxes, a practice they've warned the Trump administration is hampering the fight against Islamic State extremists.
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War in YemenSaudi Arabia says it shot down ballistic missile from Yemen
Saudi Arabia says it shot down a ballistic missile fired by Shiite rebels and their allies in Yemen during the kingdom’s National Day.
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DetentionsCrackdown and charm offensive: Saudi prince shores up power
With a crackdown on dissenters and a charm offensive to woo the kingdom's swelling youth population, Saudi Arabia's king-in-waiting Mohammed bin Salman is cementing his grip on power, analysts say.
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PakistanPerspective: Out of the Shadows: the Pakistan Problem
The strategic nightmare for Pakistan’s generals is being squeezed between India on its eastern border, with U.S.-backed Indian support for Afghanistan to the west. Pakistan will not abide or abet an increasing Indian presence in Afghanistan and will turn to its proxies in order to secure some type of parity of influence in Afghanistan.
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DetentionsSaudi Crackdown on Dissent Wins Backing From Religious Body
In a statement posted on Twitter on Wednesday, the Council of Senior Scholars declared there was “no place for political or ideological parties” in a nation “based on the book of God and the guidance of his messenger.” Newspapers accused those arrested of being aligned with the Muslim Brotherhood, an Islamist organization that several Gulf monarchies have designated as a terrorist group.
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NTP 2.0Commentary: The Saudi Arabian reform slowdown and the oil price dilemma
"Moving now to a still ambitious but more achievable set of targets reflects a recognition of how challenging the NTP is to implement. It also signals the kingdom’s intention to stay the course. Achieving a sizeable portion of the new targets would still reflect dramatic progress."
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NTP 2.0Perspective: Saudi Arabia Slows Down To Speed Up
In that light, scaling back some of the more blue-sky elements of the prince's vision would be tactically useful. It might help to puncture criticism about him being impetuous. Axiomatically, it is also easier to deliver on reform milestones if you make them less demanding.
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