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Crown Prince Mohammed bin Salman visits Harvard, MIT in Boston
- March 26,2018
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- SUSTG Team
Crown Prince Mohammed bin Salman visited Harvard University and MIT in Boston, Massachusetts over the weekend to tour two of America’s premiere higher education campuses and talk about the importance of research and entrepreneurship to Vision 2030. The visit to Boston is the second stop in a weeks long tour across the United States, his first […]
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Busy First Full Day for Crown Prince Mohammed bin Salman Including Meetings with President, Congress
- March 21,2018
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- SUSTG Team
In his first full day in Washington, Crown Prince Mohammed bin Salman kept a busy schedule of meetings, according to reports and photos released by the Saudi Press Agency. Crown Prince Mohammed had at least two separate meetings with members of Congress, and another meeting with Donald Trump’s son-in-law, Jared Kushner, at the expansive Saudi residence in […]
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Interview: Bechtel’s Millennial Saudi Country Manager Abdulrahman Al-Ghabban Discusses Company’s Activities and Ambitions in Vision 2030 Era
- March 19,2018
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- Lucien Zeigler
San Francisco-based Bechtel is one of the largest engineering, construction, and project management companies in the world, and it’s been doing business in Saudi Arabia for 75 years. Following the announcement of Saudi Arabia’s Vision 2030 economic and social reform plan, the company hired its first Saudi national as country head of its operations in the Kingdom […]
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Report Says ‘Comprehensive Solution’ for Yemen Civil War under Negotiation between Saudi Arabia, Houthis
- March 16,2018
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- SUSTG Team
Saudi Arabia and armed Houthi forces are holding heretofore secret talks to try to end the three-year-old war, diplomats and Yemeni political sources told Reuters. Two diplomats and two Yemeni officials said Houthi spokesman Mohammed Abdul-Salam had been in direct communication with Saudi officials in Oman on a “comprehensive solution” to the conflict, the report said. “There are consultations […]
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Shrugging Off Uncertainty, Investors Pour Money into Saudi Arabia with ‘Strong Underlying Fundamentals’
- March 15,2018
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- SUSTG Team
Saudi Arabia is “the hottest emerging market” right now as investors appear to be shrugging off concerns surrounding last year’s crackdown on corruption and with optimism surrounding Vision 2030’s economic and social reforms now coming into effect, CNN Money reports. “Equity funds investing in Saudi Arabia saw net inflows of $110 million between the start […]
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Saudi Government Aims for $57 Billion Growth in Mortgage Industry by 2020, Report Says
- March 14,2018
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- SUSTG Team
Saudi Arabia’s housing ministry has set a target for the mortgage market to reach a total value of 502 billion riyals ($134 billion) by 2020 from a current 290 billion riyals ($77.3 billion), according to a report in Reuters which cited the Kingdom’s minister of housing Majed al-Hogail. That goal can be reached through new efforts […]
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Trump to Host Saudi Crown Prince Mohammed bin Salman at White House on March 20
- March 13,2018
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- SUSTG Team
President Donald Trump will host visiting Saudi Crown Prince Mohammed bin Salman in Washington on March 20 at the White House, Press Secretary Sarah Huckabee Sanders said Monday, noting that the president “looks forward to strengthening ties between the United States and Saudi Arabia.” Prince Mohammed will arrive to a tumultuous time in Washington, especially in the foreign […]
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Saudi Aramco IPO Delayed Until 2019, Financial Times Reports for Second Time
- March 12,2018
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- SUSTG Team
Saudi Aramco’s long-awaited IPO “could be delayed until 2019 at the earliest,” the Financial Times reported on Sunday, citing British officials briefed on the matter. It is the second time the London-based newspaper was the first to report that the IPO would be delayed. The Financial Times reported the same news in September, but Saudi officials […]
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Oil Revenues Above Saudi Budget Breakeven Price Will Go to PIF Coffers, Al Tuwaijri Says
- March 9,2018
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- SUSTG Team
Steadily climbing oil prices over the past year may help increase cash in Saudi Arabia’s massive Public Investment Fund (PIF), according to comments by Mohammed Al Tuwaijri, the kingdom’s minister of economy and planning. “Whenever oil is above our break-even point, this will all go to the PIF,” he said, as reported in the Financial Times, without […]
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Saudi Arabia, United Kingdom Pledge Billions in Bilateral Trade and Investments
- March 8,2018
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- SUSTG Team
Saudi Arabia and the United Kingdom re-affirmed bi-lateral trade and investment ties on the second day of Crown Prince Mohammed bin Salman’s visit in London with billions in deals eyed in the coming years. Saudi Arabia’s crown prince and the U.K.’s prime minister launched an economic and investment partnership called the U.K.-Saudi Arabia Strategic Partnership […]
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MUST-READS
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Theresa May PlotIslamist suicide plot to assassinate Prime Minister Theresa May foiled
A terror plot to assassinate Prime Minister Theresa May has been foiled, Sky sources have confirmed.
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Saudi WomenVote to allow Saudi women diplomats falls short
A recommendation to allow Saudi women to take up leading positions in the kingdom’s diplomatic missions abroad was defeated by a single vote at the Shura Council.
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QatarTrouble in sport’s paradise: Can Qatar overcome the diplomatic crisis?
That leaves Qatar with the issue of the integrity of its bid, which may be in terms of public diplomacy the toughest nut to crack. On the principle of where there is smoke, there is fire, Qatar is in a bind.
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Oil PolicySaudi Arabia steps up oil diplomacy ahead of OPEC meeting
Saudi Energy Minister Khalid Al-Falih and his staff are busy these days. The minister and some of his aides are in continuous talks with global producers to convince them to attend the meeting of OPEC in Vienna on Nov. 30.
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Middle East PeacePalestinians Threaten To Suspend Talks If U.S. Closes PLO Mission
The State Department says the office of the Palestine Liberation Organization must close under a little-known provision in U.S. law that forbids it from requesting Israelis be prosecuted for crimes against Palestinians. Trump may reverse the closure within 90 days if the Palestinians prove they are engaging in peace negotiations with the Israelis.
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Flynn-Turkey ScandalFlynn probed for plot to kidnap Turkish cleric for $15M
Special counsel Robert Mueller is probing an alleged plot by former White House National Security Adviser Mike Flynn to return a Muslim cleric living in the US to Turkey in exchange for millions of dollars, according to a report.
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Middle East UnrestPerspective: The Middle East Is Nearing an Explosion
All three developments point in a similar direction: that of an increasingly emboldened and single-minded Saudi leadership eager to work with the U.S. to counter an Iranian threat whose scale it believes was made all the starker by the day’s Yemen-related events.
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Global Oil MarketsPetro Diplomacy: Navigating the New Oil Era
The success of the historic OPEC and non-OPEC agreement in cutting production has exceeded industry expectations. However, market confidence in the ability of OPEC and non-OPEC producers to maintain strong compliance with lower production levels is waning as several key participants continue to exceed targets and the group seems reluctant to make deeper production cuts amid the much slower market rebalancing.
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Nahed TaherSaudi female banker ties up with fund to deploy $100 billion in kingdom
Nahed Taher, the first female Saudi senior economist at National Commercial Bank and the founder of Gulf One Investment Bank, has set up a joint investment vehicle with the investment arm of one the largest pension funds in the United States that will deploy as much as US$100 billion in capital towards financing projects, leveraging the kingdom’s privatisation agenda.
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Fatah and Hamas3,000 Palestinian Authority police to redeploy to Gaza in unity deal
Some 3,000 police officers from the Palestinian Authority are to redeploy to Gaza as part of a unity agreement between rival movements Fatah and Hamas, a Palestinian official said on Thursday.
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