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OPEC Discipline Partly to Blame for Oversupply, but Saudi Leadership May Boost Prices
- July 25,2017
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- SUSTG Team
Jadwa Investment’s recently released quarterly oil market update for Q2 2017 questions if discipline within OPEC is waning as oil’s price continues to stay low on international indices as high supply persists, but recent moves by Saudi Arabia in Russia this week indicate action is forthcoming to curb supply. Oil prices declined by 8 percent […]
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King Salman Issues Royal Decrees on Security as U.S. Praises ‘Strong Counterterrorism Relationship’
- July 21,2017
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- SUSTG Team
Saudi Arabia’s King Salman issued a number of royal decrees on Thursday regarding the Kingdom’s security governance, creating a new security authority and separating forces from the Ministry of the Interior, according to reports. The executive order creates a security authority known as the “The Presidency for State Security” linked with the Prime Minister’s Office, the […]
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U.S. Removes Laptop Ban on Flights from Jeddah, Saudi Arabia; Riyadh to be Inspected by U.S. Officials ‘This Week’
- July 18,2017
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- SUSTG Team
The Trump administration on Monday lifted the ban on carrying laptops onboard Saudia Airlines, the last airline facing in-flight restrictions on electronics, a TSA spokesman has said. The removal only affects passengers on Saudia flying out of the airline’s hub in Jeddah, Saudi Arabia. US government officials will visit Riyadh’s King Khalid International Airport “later this […]
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Saudi Arabia Nears First Utility-Scale Wind Power Project
- July 17,2017
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- SUSTG Team
Saudi Arabia moved a step closer toward the construction of its first utility-scale wind-power project, according to reports. The energy ministry “asked potential bidders and plant developers to submit their qualifications to build the 400-megawatt plant at Dumat Al Jandal in the kingdom’s northwestern Al Jouf region,” Bloomberg reports, citing an emailed statement. “Companies will be able to […]
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WHO Says Saudis are ‘Well-Prepared’ To Handle Cholera Risk at September’s Hajj
- July 14,2017
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- SUSTG Team
The World Health Organization (WHO) said on Friday that Saudi Arabia’s authorities are “well prepared” to handle annual and new challenges surrounding the Hajj pilgrimage this year, taking place in September. Notably, a cholera epidemic in Yemen, which has infected more than 332,000 people, could spread during the world’s largest annual gathering, the World Health Organization […]
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CNN Publishes 2013 ‘Secret Agreements’ Between Gulf States Barring Support for Opposition and Hostile Groups
- July 11,2017
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- SUSTG Team
CNN has exclusively published documents showing that Qatar made a series of secret agreements with its Gulf neighbors in 2013 and 2014 barring support for opposition and hostile groups in those nations, as well as in Egypt and Yemen. The agreements themselves were not secret, but until now the exact wording in the documents was […]
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Oversupply in Oil Markets Continues Downward Pressure on Prices
- July 7,2017
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- SUSTG Team
Global oil markets have entered a period of oversupply, putting downward pressure on prices and eliciting calls for the world’s largest producers like Saudi Arabia to act on top of March 2017 OPEC cuts to reduce the glut. Oil prices fell 3 percent on Friday after data showed U.S. production rose last week just as […]
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Response to Qatar Demands Given Two-Day Deadline Extension
- July 3,2017
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- SUSTG Team
Four Arab states lead by Saudi Arabia agreed to extend until late on Tuesday a deadline for Doha to comply with a list of demands, as U.S. President Donald Trump voiced concern to both sides about the dispute, according to Reuters and other reports. Qatar’s foreign minister said via Twitter that the demands “were meant […]
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Reports Former Crown Prince Confined to Palace ‘Baseless’, Official Tells Reuters
- June 29,2017
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- SUSTG Team
A senior Saudi official on Thursday denied as “baseless” a New York Times report that Prince Mohammed bin Nayef has been confined to his palace in Jeddah and barred from traveling abroad, according to a Reuters report. The original report in the New York Times cited four current and former American officials and Saudis “close […]
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Saudi Arabia and Qatar Continue Standoff as Crisis Deepens
- June 28,2017
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- SUSTG Team
The diplomatic standoff between Saudi Arabia and Qatar continued to deepen yesterday as the respective foreign ministers of each nation sparred over the Kingdom’s 13 demands of Qatar. Saudi Arabia’s Foreign Minister Adel al-Jubeir said on Tuesday that there would be no negotiations over demands by the kingdom and other Arab states for Qatar. Asked by […]
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MUST-READS
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BahrainBailed-out Bahrain has little room for maneuver in economy reboot
As the weekend kicks off in Bahrain, Saudi Arabian and Kuwaiti cars jam the capital’s roads and hotel lobbies fill with visitors looking for bars, restaurants and other night-time entertainment.
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Trump Foreign PolicyPentagon: Trump’s ‘cost plus 50’ plan hasn’t been discussed with Europe
President Trump’s controversial idea to press nations to pay the full cost of stationing U.S. forces on their soil, plus 50 percent more, is not a topic the Defense Department has broached with European allies, a top Pentagon official said Wednesday.
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Iran-IraqRouhani leverages Sistani visit to maneuver on Iran’s regional policy
Sistani’s paramount (and extra-constitutional) influence in Iraqi politics has been evident whether with reference to his call for participation in the electoral process in the aftermath of the US-led invasion, his views on prime ministers or even the fight against Islamic State.
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EU BlacklistEU adds UAE, Bermuda to expanded tax haven blacklist
Blacklisted states face reputational damages and stricter controls on transactions with the EU, although no sanctions have yet been agreed by EU states.
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EU BlacklistEU to add Bermuda, Aruba to tax haven list, Italy against UAE listing
The United Arab Emirates are also on the draft new list, but Italy and Estonia are opposing the listing of the emirates, a document seen by Reuters shows.
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EntrepreneursMeet two young Saudi entrepreneurs with sustainable solutions
Both were chosen to present their start-ups at Abu Dhabi’s Climate Innovation Exchange (CLIX) event earlier this year
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OmanHadil Al-Moosa: Women Entrepreneurs in Oman
Hadil Al-Moosa, an academic from Oman, began working in media and then on labor laws and trade unions in Oman. Her work on labor sparked an interest in entrepreneurship among Omani women, which became the subject of her doctoral dissertation.
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United Nations Human Rights CouncilEU backs text rebuking Saudi Arabia at U.N. rights forum: diplomats
At least 36 countries, including all 28 EU members, have signed a statement criticizing Saudi Arabia’s human rights record at the United Nations Human Rights Council on Thursday, diplomats said.
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Terrorist FinancingEU states block blacklisting Saudi, Panama over dirty money
The 28 member states of the European Union all backed a decision on Thursday to reject a proposal from the EU executive to add Saudi Arabia to a blacklist of countries suspected of being lax on terrorist financing and money laundering.
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AfricaAfrica’s tourism: A global destination for investment and entrepreneurship
A recent World Bank study classified African countries into four performance categories: “pre-emergent,” “potential,” “emerging,” and “consolidating” tourism destinations.
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