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Crown Prince Mohammed bin Salman to Visit Pakistan on Saturday, Announce $20b in Deals
- February 13,2019
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- SUSTG Team
Saudi Arabia’s crown prince Mohammed bin Salman is set to make his first state visit to Pakistan on Saturday, where he will announce investment projects worth up to $20 billion, a senior official told VOA news. The investment is needed for Pakistan, which is cash-strapped and facing multiple regional political challenges with a recently-elected Prime Minister. […]
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Saudi Arabia Launches Office to Monitor State Spending, Corruption After Crackdown
- February 5,2019
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- SUSTG Team
Saudi Arabia has launched a new office to monitor state spending, saying it would help keep up the fight against corruption after the closing of a 15-month crackdown that yielded over $100b of assets to the government, according to Reuters. A newly created financial reporting office would be part of the state’s General Auditing Bureau, which watches […]
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Private-Sector Program ‘Direction’ in Saudi Arabia Boosts Cross-Cultural Understanding, Dialogue
- February 1,2019
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- SUSTG Team
A private-sector program in Saudi Arabia is seeking to enhance relations between the Kingdom and nations around the world through delegations of Saudi youths in order to spread “a culture of moderation and respect for others” in line with the Kingdom’s Vision 2030. The program, called “Direction,” designs, executes and manages supportive programs for Saudi and Arab […]
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Saudi Arabia Doubles Down on Industrial Development Program; Seeking over $400 Billion in Investment
- January 28,2019
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- SUSTG Team
Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly $429 billion) in private sector investment over the next 10 years for an infrastructure and industrial program, according to an announcement over the weekend and at an investment conference in Riyadh today. Investments will be made through the National Industrial Development and Logistics Program (NIDLP), […]
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Fahad Nazer Named New Saudi Embassy Spokesperson in Washington
- January 24,2019
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- SUSTG Team
The Royal Embassy of Saudi Arabia in Washington has appointed Fahad Nazer as official spokesperson, according to a press release and announcement made public yesterday. Nazer, who has been a contributor to SUSTG.com as well as Arab News and other publications in the region and United States, replaces Ms. Fatimah Baeshen, who served in the role since September 2017 […]
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Secretary of State Pompeo Meets Top Saudi Leadership in Riyadh
- January 14,2019
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- SUSTG Team
Secretary of State Mike Pompeo held talks with Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman in Riyadh on Monday, discussion topics ranging from the conflicts in Syria and Yemen, threats from Iran and the Saudi response to the killing of Washington Post columnist Jamal Khashoggi last year, according to reports. The Associated Press reports that Pompeo spent […]
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Production Cuts Begin with Big Drop in Crude Oil Supply; Prices Rise
- January 3,2019
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- SUSTG Team
Oil output from OPEC countries fell 530,000 barrels a day to 32.6 million a day last month, Bloomberg reports, in what amounts to the sharpest pullback since January 2017. The cut in supplies is a response by the group to a global glut of oil on the market and a falling price for oil on international indices […]
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Saudia-Owned Flyadeal Selects Boeing for Expansion Fleet with $3.5b in New Planes
- December 21,2018
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- SUSTG Team
Saudi Arabian discount carrier Flyadeal will switch from an all-Airbus SE fleet to Boeing jets after ordering 30 737 Max narrow-body planes worth $3.5 billion at list prices, according to a Bloomberg report. The Chicago, Illinois-based Boeing has been in competition with France-based Airbus for the order since mid-2016, according to the report. The airline committed to […]
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In Dhahran, Energy Secretary Perry, Al-Falih Discuss Oil Markets, Nuclear Possibilities
- December 10,2018
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- SUSTG Team
U.S. Energy Secretary Rick Perry held a round of talks with Saudi Minister of Energy Khalid Al-Falih and Aramco CEO Amin Nasser as well other energy industry figures in Dhahran, Saudi Arabia, according to reports. The top energy officials from the U.S. and Saudi Arabia discussed oil markets and nuclear power possibilities. Saudi Arabia’s energy minister Khalid al-Falih […]
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High Stakes as Saudi Arabia, Russia Leaders Meet on Sidelines of G20
- November 30,2018
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- SUSTG Team
Top officials from Russia and Saudi Arabia are set to test their energy policy coordination through a series of meetings this week, both in Argentina on the sidelines of the G20 meeting and in Vienna, Austria next week for a meeting between OPEC and non-OPEC producers. Crude futures have fallen more than 25 percent since climbing to a four-year peak […]
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MUST-READS
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Digital CurrencyUAE And Saudi Arabia To Develop Digital Currency For Cross-Border Payments
During its experimental phase, the Saudi-Emirati cryptocurrency pilot will be targeted at banks with the intention of "better understanding the implications of Blockchain technology and facilitating cross-border payments," reports the Emirates News Agency.
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Natural GasSaudis Plan To Link UAE, Kuwait, Oman In Regional Gas Grid
Saudi Arabia is discussing the possibility to have one interconnected natural gas grid in the region that would exchange gas and export the Kingdom’s gas to the United Arab Emirates (UAE), Kuwait, and Oman, Saudi Arabia’s Energy Minister Khalid al-Falih said on Tuesday.
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MSCI UAENasdaq Dubai expands futures trading with MSCI UAE launch
Nasdaq Dubai on Tuesday launched futures trading on the MSCI UAE equity index, in the latest expansion of the exchange’s futures market. The contracts are designed to appeal to international and regional investors seeking exposure to leading UAE companies.
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PakistanPakistan eyes investment pacts with Saudi Arabia, UAE
Pakistan expects to sign investment agreements with Saudi Arabia and the United Arab Emirates in the coming weeks, the prime minister’s office said, as Islamabad builds on its ties with states that have recently lent it billions of dollars.
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PakistanPakistan says UAE’s financial assistance to shore up economy
“The $3 billion package which has already been announced was formalised,” the government’s top spokesman, Information Minister Fawad Chaudhry, told a news conference.
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U.S.-Saudi RelationsUS’ Pompeo to visit Saudi Arabia, UAE during Middle East tour
It'll be Pompeo's first Middle East trip since President Donald Trump's recent announcement that he intends to withdraw US forces from Syria. That decision, which led Jim Mattis to step down as defense secretary, as well as the Trump administration's hard line on Iran is expected to dominate Pompeo's Mideast agenda.
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UAE InvestmentUAE banks invest $23.74 bn in Egypt, Saudi Arabia
Egypt, the Cayman Islands, and Saudi Arabia were among the countries that witnessed an increase in the value of investments during the three-month period ended 30 September 2018.
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SyriaUAE reopens embassy in Syrian capital closed in 2011
The United Arab Emirates reopened its embassy in Syria’s capital on Thursday for the first time in seven years, a reflection of improved relations between President Bashar Assad and some of his Arab foes as the war winds down.
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U.S.-TalibanUS, Taliban to Meet Monday in UAE
The official, requesting anonymity, said Islamabad has facilitated the dialogue after President Donald Trump wrote to Prime Minister Imran Khan earlier this month seeking his cooperation in bringing the Taliban to the table for peace negotiations.
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U.S.-Saudi MilitaryUS military sends $331 million bill to Saudis, UAE after refueling ‘accounting error’
Specifically, the US is working to recoup approximately $36.8 million for fuel and $294.3 million for flight hours, according to Pentagon spokesperson Cmdr. Rebecca Rebarich, who noted that partners have been individually notified about how much they owe.
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