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Recent stories from sustg

  • US Eximbank OKs record-breaking $5 bln loan for Saudi petchem complex
     

    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 […]

     
  • Jadwa: Private sector leads real GDP growth in Q2
     

    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 […]

     
  • Abdullah Alireza speaks at C3 Summit
     

    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 […]

     
  • Will Saudi Arabia become an oil importer by 2030?
     

    THIS was the question asked all of this past week all over the world. Thousands of stories were filed on the topic, following speculation by a Citigroup analyst that Saudi Arabia may start importing oil by 2030. According to that theory, by 2030, Saudi consumption of oil would outstrip production and we could be importing […]

     
  • Saudi Mortgage Law: Key Details Still to be Determined
     

    Saudi Arabia faces housing challenges caused by rapid population growth and an inflow of expatriate workers to the kingdom.

     
  • Mitt Romney on Foreign and Middle East Policy
     

    This [US election] year is different. There is relatively little attention to issues outside America’s borders – only four percent of Americans “consider foreign affairs much of an issue in this year’s campaign” according to Foreign Policy.com.  The sluggish economy – taxes, unemployment, deficits, thorny domestic issues and “personality” questions dominate the campaigns. With the […]

     
  • Jadwa September 2012 Saudi Chartbook – Real Economy
     

    Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]

     
  • Saudi: strongest passenger growth in a decade as market expands
     

    After several years of sagging performance, Saudi Arabia’s aviation market reported its strongest growth in passenger traffic in more than a decade in 2011, even against the background of the Middle East’s regional social unrest. Despite the Arab Spring uprisings in North Africa and some of the Gulf states, Saudi Arabian passenger traffic boomed in […]

     
  • Seasonality and the Saudi Stock Market
     

    A recently released note by Jadwa Investment discusses the effect that seasonal trends have on the Saudi economy, noting that while all economies have seasonal trends, “for Saudi Arabia these trends are more pronounced than for most other global economies…The slowdown in activity in the third quarter due to the long hot summer is a key driver […]

     
  • Graph of the Day – Saudi Oil Production Since 2008
     

    Jadwa Investment’s recently released Chartbook for the month of August 2012 found that  the Saudi Arabian economy overall remained “robust.” Included in that report is a look at the oil sector in Saudi Arabia. Oil prices “climbed in July because of renewed political tensions with Iran and rising global stock markets,” Jadwa noted.

     

MUST-READS

  • Many Iranian options to retaliate against Israel, but all carry risk

    Iran faces a dilemma following an Israeli attack on its embassy in Syria: how to retaliate without sparking a wider conflict that Middle East analysts said Tehran doesn't appear to want.
    Monday's strike, which killed two Iranian generals and five military advisers at Iran's embassy compound in Damascus, comes as Israel accelerates a long-running campaign against Iran and the armed groups it backs. Iranian Supreme Leader Ayatollah Ali Khamenei has vowed revenge.

  • Explainer: Could the Palestinians become a full United Nations member?

    The Palestinian Authority on Tuesday formally asked for renewed consideration by the United Nations Security Council of its 2011 application to become a full member of the world body.
    Palestinian U.N. envoy Riyad Mansour told Reuters on Monday that the aim was for the council to take a decision at an April 18 ministerial meeting on the Middle East, but that a vote had yet to be scheduled.
    Here are details on U.N. membership:

  • Palestinian Mandela? Marwan Barghouti, imprisoned preacher of unity.

    Serving five life sentences after being convicted by an Israeli court for involvement in militant killings in the second intifada, Mr. Barghouti remains the rare – perhaps the only – figure trusted by all Palestinian factions. With his release from Israeli prison demanded by Fatah’s rival, Hamas, and even advocated by a former Israeli spy chief, the mere possibility of Mr. Barghouti’s return to the scene is stirring up Palestinian politics, and hope, at a historic crossroads

  • Israel Unleashed? A Brazen Campaign Against Iranian Targets Could Backfire

    On April 1, Israel launched its latest attack on Iran in the two countries’ ongoing shadow war, with an airstrike that flattened a section of Iran’s embassy complex in Damascus and reportedly killed at least 12 people. Among the dead was Mohammad Reza Zahedi, who headed Iran’s military operations in Syria and Lebanon, where he worked for decades and became a close interlocutor with Hezbollah and its leader, Hassan Nasrallah. The strike also killed Mohammad Hadi Haji Rahimi, Zahedi’s deputy, and at least five other officers in Iran’s Islamic Revolutionary Guard Corps (IRGC).

  • Gaza infrastructure damages estimated at $18.5bn in UN-World Bank report

    The cost of damage to critical infrastructure in the first four months of Israel’s continuing war on Gaza is estimated at about $18.5bn, a new report by the World Bank and the United Nations has found. The report estimated that the damage was equivalent to 97 percent of the combined GDP of the occupied West Bank and Gaza in 2022.

  • ‘Lavender’: The AI machine directing Israel’s bombing spree in Gaza

    A new investigation by +972 Magazine and Local Call reveals that the Israeli army has developed an artificial intelligence-based program known as “Lavender,” unveiled here for the first time. According to six Israeli intelligence officers, who have all served in the army during the current war on the Gaza Strip and had first-hand involvement with the use of AI to generate targets for assassination, Lavender has played a central role in the unprecedented bombing of Palestinians, especially during the early stages of the war. In fact, according to the sources, its influence on the military’s operations was such that they essentially treated the outputs of the AI machine “as if it were a human decision.”

  • Readout of President Joe Biden’s Call with Prime Minister Netanyahu of Israel

    He made clear the need for Israel to announce and implement a series of specific, concrete, and measurable steps to address civilian harm, humanitarian suffering, and the safety of aid workers. He made clear that U.S. policy with respect to Gaza will be determined by our assessment of Israel’s immediate action on these steps. He underscored that an immediate ceasefire is essential to stabilize and improve the humanitarian situation and protect innocent civilians, and he urged the Prime Minister to empower his negotiators to conclude a deal without delay to bring the hostages home.

  • Iraq Navigates the Mideast Crisis

    As Iraqi Prime Minister Mohammed Shia al-Sudani prepares for a pivotal visit to Washington in mid-April, his government is attempting to navigate through multiple currents roiling the region, calls to distance the country from U.S. mentorship, and internal crises that continue to divide Iraq’s Arab leaders from their Kurdish counterparts that run northern Iraq.

  • The UAE’s AI Dreams

    The United Arab Emirates (UAE) hopes to position itself as a pivotal force in artificial intelligence (AI), underscored by its development of the Falcon Large Language Model, the establishment of the Artificial Intelligence and Advanced Technology Council (AIATC), and a comprehensive national AI agenda. While these initiatives reflect a clear ambition to redefine its global standing through technology, they also introduce complexities and challenges in the realms of geopolitics, governance, and global tech competition.

  • Arab nations are rediscovering India

    The Modi-MbS summit (Saudi Arabia crown prince Mohammed bin Salman was on a state visit to India in September last year on the sidelines of G20 summit), the timing of it, the fact that India had launched a naval operation at sea (Al Mohed Al Hindi 23 )… The relationship with the Saudis… all these factors give you one indication – it’s strategic, it’s lasting, and it’s not going to be impacted. It may not improve but there’s going to be a security element to that relationship with time.