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IMF: Saudi Arabia Making ‘Good Progress’ on Vision 2030, Should Focus on Balanced Budget in 2023
- May 23,2018
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- SUSTG Team
Saudi Arabia is making good progress in implementing Vision 2030 economic and social reforms, the International Monetary Fund (IMF) said in a statement late on Tuesday, as it urged the Kingdom not to increase spending and to focus on a balanced budget by 2023. “The government remains committed to wide-ranging economic and social reforms to transform the […]
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Saudi Ministry of Justice Announces Launch of Alimony Fund ‘Modeled on UK’s Child Maintenance Service’
- May 15,2018
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- SUSTG Team
Saudi Arabia’s Ministry of Justice is planning to launch an alimony fund similar to the United Kingdom’s Child Maintenance Service in an attempt to “empower mothers and provide sustainable living and support, for them and their children,” the Ministry said in a press release. The alimony fund is dedicated to women who are divorced and facing difficulty […]
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Tadawul IPO Pushed to ‘2019 at the Earliest’ as Kingdom Eyes MSCI Inclusion Bump
- April 24,2018
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- SUSTG Team
Saudi Arabia is delaying the IPO of the Tadawul, the Kingdom’s stock exchange, “on hopes that a potential MSCI Inc. upgrade could boost its value,” according to Bloomberg which cited people with knowledge of the matter. The Tadawul has pushed back plans to sell shares “to 2019 at the earliest,” according to Bloomberg, because waiting until after MSCI’s […]
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Saudi, Qatar Bond Issues Get Cozy; Both Oversubscribed
- April 12,2018
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- SUSTG Team
Saudi Arabia beat out regional rival Qatar’s first bond issuance since the Gulf crisis began with its own “surprise” $11 billion raise, which drew $52 billion of orders this week, according to reports. Saudi Arabia denies that the timing of the quick-fire raise was not aimed at damaging Qatar’s issuance. The Saudi debt management office told the […]
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Now West, Crown Prince Salman Meets with Tech Elite in Seattle
- April 2,2018
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman met with some of the world’s most prominent technology executives in Seattle this weekend as part of his three-week long official visit to the United States. The powerful millennial has prioritized technology as part of Saudi Arabia’s Vision 2030 social and economic reform blueprint, and has used the newly-empowered Public […]
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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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State Department Approves $1 Billion in New Military Sales to Saudi Arabia
- March 23,2018
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- SUSTG Team
The State Department approved a possible sale of $670 million in TOW 2B (BGM-71F-Series) missiles to Saudi Arabia, according to a release from the Defense Security Cooperation Agency (DSCA). Together, with a new $300 million sale for spare vehicle parts for the Royal Saudi Land Forces Ordnance Corps, the new deals announced amount to nearly $1 billion. Defense Secretary James Mattis on […]
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Crown Prince Mohammed bin Salman Kicks Off Two Week U.S. Visit Today with Meeting at White House
- March 20,2018
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Washington, D.C. last night and will kick off a two week, multi-city U.S. tour with a meeting today at the White House. The Saudi embassy in Washington, D.C. issued a release providing further details on the trip, noting that in addition to meeting with President Trump […]
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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 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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U.S. - TurkeyRelatives of US personnel in southern Turkey encouraged to leave
The United States on Thursday encouraged the families of troops and diplomats stationed in southern Turkey to leave the country as it ramps up efforts in the fight against the Islamic State (IS) group.
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TurkeyTurkey’s Kurdish Guerrillas Are Ready for War
Over the past six weeks, southeast Turkey, where the PKK wants to set up self-rule, has been wracked by violence unseen since the early 1990s, when clashes shut down cities after dark and thousands of villages were forcibly evacuated by the military.
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TurkeyTurkey carries out first air strikes as part of anti-Isis US coalition
Turkish fighter jets have carried out their first air strikes as part of the US-led coalition against Islamic State in Syria. A Turkish foreign ministry statement said that late on Friday the jets began attacking Isis targets across the border in Syria that were deemed to be threats to Turkey.
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Anti-ISIS CampaignISIS drives toward Turkey in new offensive
Islamic State has seized new territory from Syrian rebels in northern Syria, advancing in an area where Turkey and the United States are planning to open a new front against the group.
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ISISU.S., Turkey to launch ‘comprehensive’ anti-Islamic State operation
Turkey and the United States will soon launch "comprehensive" air operations to flush Islamic State fighters from a zone in northern Syria bordering Turkey, Foreign Minister Mevlut Cavusoglu told Reuters on Monday.
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TurkeyTurkey to hold snap election on Nov 1: Erdogan
Turkey will hold a snap election on November 1 and an interim government will be formed in the meantime, if necessary with members from outside parliament, President Tayyip Erdogan said on Friday.
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KurdsISIS, Syria, and Turkey’s New War on the Kurds
hree of the most potent forces in the region today—the rise of ISIS, the Syrian civil war, and political flux in Turkey—have placed the Kurds in an especially precarious position, with consequences for the fate of one of the Middle East’s largest ethnic groups.
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TurkeyU.S.: Patriot pullout from Turkey reflects weaker Syria
The U.S. decided to pull its Patriot missile defense force out of Turkey mainly because it sees a declining Syrian military threat, including a depleted stockpile of Scud missiles capable of striking Turkish territory, the Pentagon said Monday.
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Anti-ISIS Campaign: F16s in TurkeyHere are the first images of U.S. F-16 fighters flying from Turkey to carry out airstrikes
Six F-16s will be kept in Turkey and maintained about 300 airmen and other U.S. troops. They’re with the 31st Fighter Wing, of the Aviano Air Base in Italy, U.S. European Command said in a Facebook post Sunday. The U.S. launched its first airstrike from Turkey Aug. 4 with a drone, but manned airstrike missions didn’t occur until Wednesday.
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U.S. - TurkeyUS F-16 fighters fly first missions from Turkey
The U.S. on Wednesday launched its first airstrikes by Turkey-based F-16 fighter jets against Islamic State targets in Syria, marking a limited escalation of a yearlong air campaign that critics have called excessively cautious.
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