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Al-Falih Signals ‘Wait and See’ Approach to Trump’s Harsher Iran Oil Sanctions
- April 23,2019
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- SUSTG Team
The recent decision by President Trump to end all Iran sanction waivers by May was welcomed in Saudi Arabia, but the Kingdom indicated it would respond cautiously with decisions on oil production. “President Donald J. Trump has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May,” a White House readout […]
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Saudi Aramco to Acquire Stake in South Korean Hyundai Oilbank for $1.2 billion
- April 15,2019
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- SUSTG Team
Saudi Aramco says it has reached an agreement to acquire a $1.25 billion stake in South Korean refiner Hyundai Oilbank that would provide it with “a dedicated outlet for its crude to South Korea.” The deal was struck between Aramco and Hyundai Heavy Industries Holdings for Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC), to […]
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Trump, Crown Prince Mohammed bin Salman Speak by Phone, White House Says
- April 10,2019
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- SUSTG Team
U.S. President Donald Trump spoke with Saudi Arabia’s Crown Prince Mohammed bin Salman by phone on Tuesday, discussing Riyadh’s role in Middle East stability, maintaining pressure on Iran other issues, according to reports. “President Trump and the Crown Prince discussed regional developments and opportunities to further enhance the American-Saudi partnership on a range of security and economic […]
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King Salman Makes Day Trip to Bahrain, Meets with Bahraini King Hamad Al-Khalifa
- April 3,2019
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- SUSTG Team
Saudi Arabia’s King Salman arrived in Bahrain on Wednesday to discuss bilateral relations and regional developments, according to reports. The visit is the second foreign trip in as many weeks for King Salman, having visited Tunisia for an Arab League summit at the end of March. King Salman was welcomed to the country by the King of Bahrain, […]
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Energy Secretary Rick Perry Confirms KSA One of 16 Countries Approved for Unclassified Civil Nuclear Technology
- March 29,2019
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- SUSTG Team
The Trump administration has approved seven applications for U.S. companies to sell nuclear power technology and assistance to Saudi Arabia, but did not reveal the particular companies or specifics of those authorizations, the Energy Department said Thursday. Energy Secretary Rick Perry told the Senate Armed Services Committee that the seven applications approved were among 37 […]
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Saudi Tourism Officials Eye $20b Investment for Al-Ula, with Roadshow Planned for This Year – Report
- March 21,2019
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- SUSTG Team
A recent report in Reuters revealed Saudi Arabia’s big ambitions for Al-Ula, in the northwestern corner of the kingdom that was a key site for an ancient civilization and is near to the future planned city NEOM. Saudi Arabia is targeting up to $20 billion of investments through 2035 for a planned landmark tourism destination and will hold a global investor […]
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Saudi Top Buyer of Military Arms as Flow Increases to Middle East
- March 13,2019
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- SUSTG Team
Saudi Arabia became the world’s largest arms importer between 2014–18, with an increase of 192 per cent compared with 2009–13, according to a new annual report published by the Stockholm International Peace Research Institute (SIPRI). The report also noted that U.S. and other Western weapons sales “are in high demand” in the Middle East, edging out Russia and […]
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Saudi Society Debates Keeping Shops Open during Prayer Times ahead of Shoura Consideration
- March 4,2019
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- SUSTG Team
A debate is raging on social media in Saudi Arabia about whether the Kingdom should continue to require by law the closing down of all shops, malls, restaurants, gas stations, and even hospitals during the call for adhan (Islamic prayer) and throughout prayer time, according to media reports. According to Gulf News, Yahya Al Samaan, assistant president of […]
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Crown Prince Mohammed bin Salman Meets with Xi Jinping in Beijing, Tours Great Wall
- February 22,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman continued his tour of Asian nations with a second day in China, where he met with Chinese President Xi Jinping and the two countries inked over $28 billion in deals, according to reports. In his meeting with President Xi Jinping, the Chinese leader urged joint efforts to counter extremism and […]
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Jadwa Investment Forecasts ‘Continued Improvement in the Health and Direction of the Saudi Economy’
- February 15,2019
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- SUSTG Team
In a research report on the year ahead for the Saudi economy, Jadwa Investment said 2019 will be “marked by a continued improvement in the health and direction of the Saudi economy.” “During 2019, we expect to see a consolidation of efforts in striving towards the goals of the Vision 2030, as well as the targets […]
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MUST-READS
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UAE CyberUAE senior diplomat denies hacking Americans
When asked about Project Raven by reporters at a briefing in New York, UAE Minister of State for Foreign Affairs Anwar Gargash acknowledged the country has a “cyber capability,” but denied targeting U.S. citizens or countries with which it has good relations.
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War in YemenSaudi-led coalition ready to use ‘calibrated force’ to push Yemen port deal: UAE
The Houthis control Hodeidah while other Yemeni factions backed by the coalition trying to restore the internationally recognized government are massed on its outskirts.
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Battery PowerThe UAE has the world’s largest virtual battery plant
The batteries are installed in 10 different locations in Abu Dhabi, but they can be controlled as a single plant. Hence, the department of energy calls it a “virtual” battery plant.
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AFC Asian CupAsian Cup: Qatar beat UAE 4-0 as hosts’ fans throw shoes at players
Qatar beat hosts United Arab Emirates 4-0 to reach the final of the Asian Cup in a game that witnessed UAE fans throwing shoes at opposition players.
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EntertainmentUAE’s VOX Cinemas continues expansion in Saudi Arabia
Less than one year after movies were allowed in the country, and with the latest cinema multiplex opening this week in the Red Sea city of Jeddah, Saudi Arabia is recording impressive attendance figures, with sell-out crowds on most days.
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CryptocurrencySaudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency
The central banks of Saudi Arabia and the United Arab Emirates (UAE) have jointly launched a digital currency trial. The Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the UAE jointly announced Tuesday that the project is aimed to facilitate blockchain-based financial settlements between the two countries.
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Advanced Tactical Leadership CourseUS Didn’t Fly in Recent UAE-Led Exercise
The region's seven-week version of the Air Force's "Red Flag" exercise starts out with participants hitting the books and mission plans, then training regional partners for the role of mission commanders.
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CAPLeading liberal think tank will no longer accept funds from UAE
“With a rising undemocratic tide around the world, and serious questions about which side of that struggle our own president stands on, it seemed clear that all Americans should take extra steps and leave no doubt where they stand,” a CAP spokesperson told the Guardian.
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WomenUAE, Saudi Arabia narrow gender gap but still much to do
World Economic Forum report says Middle East region continues to rank last globally for closing gender gap
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PakistanUAE gives $3 billion to Pakistan; will it lift the rupee?
The new funds flow from the UAE will ease pressure on Pakistan's currency which plunged over 26 per cent in 2018. Analysts said the new fund from the UAE will arrest rupee's slide and help it stabilise at current levels in the near future. The rupee was trading at 38 against dirham on Tuesday.
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