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Saudi Begins Extended Eid Al-Fitr Holiday as Massive Celebrations Planned
- June 26,2017
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- SUSTG Team
An extended Eid Al-Fitr holiday began in Saudi Arabia and most other Arab countries on Sunday, marking the end of the holy fasting month of Ramadan. Kuwait, Qatar and the United Arab Emirates will also start the holiday on Sunday, but Oman starts the holiday on Monday, according to reports. The timing of Eid can vary […]
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Crown Prince Mohammed’s Promotion, MSCI Announcement Jolts Saudi Stock Market to Big Gains
- June 22,2017
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- SUSTG Team
Saudi Arabia’s stock market soared for a second straight day following two big storylines that are giving investors confidence: the promotion of Prince Mohammed bin Salman to first-in-line to be King of Saudi Arabia, and news that the Kingdom may be considered for MSCI Emerging Market index inclusion as soon as 2019. The announcement of […]
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Mohammed bin Salman Named Crown Prince, Next-in-Line to King; Prince Mohammed bin Nayef Deposed
- June 21,2017
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- SUSTG Team
King Salman of Saudi Arabia has named his son, Prince Mohammed bin Salman, as crown prince of Saudi Arabia, deposing his cousin Prince Mohammed bin Naif. The move makes Prince Mohammed next-in-line to be king. As Reuters and other news outlets are reporting, the promotion of the new Crown Prince is less surprising than the […]
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Saudi Arabia’s commitment to extended OPEC cuts ‘will result in oil production having negative effects on GDP’, Jadwa Says
- June 20,2017
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- SUSTG Team
A recent report on the Saudi economy by Riyadh-based Jadwa Investment finds that overall GDP growth will be 0.1 percent in 2017 (compared to 1.4 percent in 2016) due to a sharp decline in oil sector GDP, resulting from the Kingdom’s OPEC commitments to cut output. The projected figure is a revision from earlier forecasts […]
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Bechtel Appoints Abdulrahman Al-Ghabban as New Country Manager in Saudi Arabia
- June 19,2017
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- SUSTG Team
Bechtel, a global leader in engineering, procurement, and construction, today announced the appointment of Abdulrahman Al-Ghabban as country manager in Saudi Arabia. Al-Ghabban will lead Bechtel’s business and operations in the Kingdom. Al-Ghabban said “I am honored to be the first Saudi national to hold the position as country manager for one of the most […]
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‘Epicenter X: Saudi Contemporary Art’ Show Hits U.S. in July to Challenge Perceptions, Share Saudi Culture
- June 16,2017
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- SUSTG Team
A U.S. exhibition featuring the works of roughly 40 Saudi Arabian artists aims to “share their expressions, foster conversations and challenge conceptions of life” in Saudi Arabia, the Associated Press reports. The exhibition, entitled “Epicenter X: Saudi Contemporary Art,” opens July 8 and runs for about three months at the Arab American National Museum in […]
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Transfer of Tiran and Sanafir Islands Approved by Egypt’s Parliament
- June 15,2017
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- SUSTG Team
Egypt’s parliament has approved the transfer of two key islands in the Red Sea to Saudi Arabia, all but finalizing a deal to restore ownership of the islands to Saudi Arabia after more than half a century. The parliament, after “three days of rowdy and emotional debate” according to the New York Times, approved a […]
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Saudi Foreign Minister Adel Al-Jubeir Meets with Secretary of State Rex Tillerson in Washington, Says ‘No Blockade’ of Qatar
- June 14,2017
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- SUSTG Team
Secretary of State Rex Tillerson met with his Saudi counterpart, Foreign Minister Adel Al-Jubeir in Washington yesterday to discuss the ongoing diplomatic situation in the GCC and other regional challenges. In brief remarks to reporters before the meeting, Foreign Minister Al-Jubeir said that there was no “blockade” of Qatar and that Saudi Arabia was exercising […]
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Oxford Business Group Launches OBG Business Barometer: Saudi Arabia CEO Survey
- June 9,2017
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- SUSTG Team
The Oxford Business Group (OBG) has launched a new research series that examines attitudes of top CEOs in Saudi Arabia. OBG, which publishes investment and economic reports on more than 30 countries including emerging markets in the Middle East, Asia, Latin America. “It’s not difficult to conclude that for the Gulf region’s largest economy the […]
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U.S. Senate Scrutinizes Precision-Guided Arms Package for Saudis
- June 8,2017
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- SUSTG Team
A proposed sale of $500 million worth of U.S. precision-guided missiles to Saudi Arabia is coming under growing scrutiny from Congress, according to reports, as a key vote looms in the U.S. senate today. Foreign Policy magazine reports that the planned sale of munitions would replenish the kingdom’s depleted stocks after two years of daily bombing […]
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MUST-READS
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Iraq400 additional U.S. troops deploy to Iraq
The size of the U.S. force in Iraq and Syria now tops 4,400, up from about 3,900 last week, defense officials said.
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SyriaObama and Putin tell diplomats to keep working on Syria argument
U.S. President Barack Obama and Russian President Vladimir Putin had a longer-than-expected discussion on Monday about whether, and how, they could agree on a ceasefire deal in war-torn Syria, a senior U.S. administration official said.
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War in YemenIn Yemen’s war, could surge in violence rekindle diplomacy?
Rising civilian casualties have stirred efforts in the UN and the US Congress to address Yemen's 'forgotten war.' But the path to real progress still lies with the parties to the conflict.
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F35General: Marines will deploy the F-35B to the Middle East next year
The Marine Corps will deploy the F-35 into the Middle East next year, a Marine Corps general said Tuesday.
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IranIran deploys S-300 air defense around nuclear site
Iran has deployed a Russian-made S-300 air defense system around its underground Fordo nuclear facility, state TV reported.
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Saudi Oger50 firms willing to employ Saudi Oger’s unpaid employees
Mohammed Nour Rahman Sheikh, consul general at the Indian Consulate in Jeddah, says that representatives from these companies are presently negotiating with Saudi Oger to finalize the transfer of their employees.
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WorkforceUnemployability: A Problem for Middle East Youth
One of the biggest challenges the World Bank identifies in this broad region is that unemployment rates are the highest among the educated, with university graduates making up 30 percent of the region's unemployed.
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GazaUN: Unemployment in Gaza highest in the world
According to the statistics of the Palestinian Central Bureau of Statistics (PCBS), unemployment rates in Gaza have reached 41.2 per cent among males and 62.6 per cent among females.
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EconomySaudi private sector must employ 4.1m citizens by 2030
Saudi Arabia’s Vision 2030 seeks to employ millions of Saudi nationals in an expanding private sector. Research by Oxford Strategic Consulting (Oxford) found that to accomplish this goal, the private sector will need to employ 2.5 million more Saudis than are currently employed in the sector. Developing world-class HR can facilitate this massive human capital influx into the private sector and ensure that nationals are placed in suitable, sustainable roles. Moreover, Oxford research indicates that better HR alone can contribute $6.44 billion to GDP.
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Adel Al JubeirInterview with ‘New diplomatic face of the Gulf Kingdom’ Adel Al-Jubeir
The Saudis put on a diplomatic charm offensive in the EU capital this week designed to highlight looming changes in the ultra-conservative Gulf Kingdom.
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