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Saudi Arabia to Issue First Individual Tourist Visas in 2018, Prince Sultan bin Salman Says
- November 28,2017
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- SUSTG Team
Saudi Arabia plans to issue its first individual tourist visas next year as the Kingdom looks to expand tourism and leisure as part of its ambitious Vision 2030 economic and social reform plans. The confirmation came through comments made by Prince Sultan bin Salman, head of the Saudi tourism and national heritage commission, to CNNMoney’s Richard Quest. Visas […]
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With Regional Turmoil and Domestic Changes, Resolution of Qatar Crisis Slips in Priority for Saudi Arabia
- November 20,2017
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- SUSTG Team
The emergence of new foreign policy and domestic challenges for Saudi Arabia in recent weeks have taken precedent over resolving the Arab-led embargo of Qatar, according to Saudi Arabia’s leaders, as the United States reportedly has stepped in to support the Kingdom now elsewhere in the region. Exactly one month ago, Secretary of State Rex […]
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Media Conglomerate Saudi Research and Marketing Group Acquires Stake in Argaam Financial News Service
- October 18,2017
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- SUSTG Team
The Saudi Research and Marketing Group (SRMG) has acquired a controlling stake in the Argaam Investment and Trading Company, which publishes an online financial news service Argaam.com, according to reports. SRMG Chairman Prince Badr bin Abdullah Al-Saud said the acquisition “will help pave the way to a “brighter future” for the digital content industry in […]
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New Archeological Discoveries in Tabuk, Saudi Arabia Date Back to Stone Age
- October 13,2017
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- SUSTG Team
New rock and animal drawings and other archeological discoveries were unearthed in the Tabuk region of Saudi Arabia by experts from France and the Kingdom, according to reports. Operating under the supervision of the Saudi Commission for Tourism and National Heritage (SCTH), teams discovered a large number of tools, engravings and architectural units in three […]
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Saudi Arabia to Award Nuclear Reactor Contract by End of 2018; U.S. Set to Miss Out
- October 12,2017
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- SUSTG Team
Saudi Arabia plans to award a construction contract for its first nuclear reactors by the end of 2018, a senior government official said on Tuesday as reported in Reuters. “With sponsorship from the highest levels in the state, the contract will be signed by the end of 2018,” Maher al Odan, the chief atomic energy […]
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U.S. Approves Possible Sale of THAAD Missile Defense System to Saudi Arabia with Massive $15b Price Tag
- October 9,2017
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- SUSTG Team
The United States has given preliminary approval for the sale of a Terminal High Altitude Area Defense (THAAD) missile defense system to Saudi Arabia with a price tag of $15 billion, according to reports and a statement by the U.S. Defense Security Cooperation Agency (DSCA). The announcement, made on the heels of Saudi Arabia’s King Salman […]
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Saudi-Russia Ties Strengthen as King Salman Visits around Russia Energy Week
- October 4,2017
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- Lucien Zeigler
Saudi-Russia ties continue to warm ahead of King Salman’s visit as the Kingdom looks to expand bi-lateral investment opportunities, according to reports. Saudi Arabia and Russia are the two biggest energy players, producing almost a quarter of the world’s oil between them. As the de facto leader of OPEC, Saudi Arabia has forged a working […]
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Saudi Arabia to Get New Bankruptcy Law Next Year, Al-Qassabi Says
- September 22,2017
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- SUSTG Team
Saudi Arabia will begin implementing a new bankruptcy law early next year as part of efforts to attract foreign investment and encourage private sector activity, Reuters reports, citing Saudi-owned broadcaster Al Arabiya which aired comments from Minister of Commerce and Investment Dr. Majed Al-Qassabi. “(The) bankruptcy law has been passed to the Shura Council and […]
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Saudi Arabia’s ‘Longest Railway’ to Come Online in December
- September 15,2017
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- SUSTG Team
Saudi Arabia’s “longest railway” running over 1700 miles between capital Riyadh and the northern city of Gurayat will kick-start operations on December 24, 2017. Considered to be one of the world’s longest railway lines, the line will pass through Majmaa, Qassim, Hail, and the Al-Jouf regions of the Kingdom. Six railway stations are in the pipeline along the […]
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‘NTP 2.0’: FT Obtains Copy of Draft of Changes to Saudi National Transformation Plan
- September 7,2017
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- SUSTG Team
The London-based Financial Times has obtained an internal copy of a document that outlines Saudi Arabia’s desire to amend the Kingdom’s National Transformation Plan (NTP), dubbed “NTP 2.0.” The draft document “strips out some areas earmarked for change and extend[s] the timeline of other targets” of the NTP. The changes will keep the deadline of 2020 generally, […]
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MUST-READS
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Analysis: U.S. Military Withdrawal From Saudi Arabia Sows Confusion
Confusion over the removal of missiles and aircraft from Saudi Arabia could invite the aggression the United States is trying to avoid.
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For most of Afghanistan war, U.S. ‘never really fought to win,’ Trump declares
Since the war began in the wake of the Sept. 11, 2001, attacks, more than three-quarters of a million Americans have deployed to Afghanistan, and more than 2,300 U.S. troops have died. During President Barack Obama’s troop surge, about 100,000 military personnel were arrayed across the country, fighting to win remote areas from Taliban control.
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UN Calls For Reduction In Violence As U.S. Envoy Meets Taliban
The statement from the United Nations Assistance Mission in Afghanistan (UNAMA), which also voiced concern about the stepped-up attacks and brutality of assaults claimed by Islamic State (IS) militants, came after a horrific attack last week at a maternity hospital in the Afghan capital that killed 24 people, including two infants and several young mothers.
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No One Expected U.S. Shale Oil Output Cuts to Happen So Fast
Drillers are laying down rigs and shutting in wells at a frantic pace in response to the plunge in oil prices caused by the coronavirus pandemic. A week after West Texas Intermediate crude settled below zero for the first time ever, analysts at JPMorgan projected that the U.S. would cut output by 1.5 million barrels a day by June. Two weeks into May, production is already down by at least that much and continues to decline.
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U.S. says Islamic State conducted attack on Kabul hospital
The United States on Thursday blamed Islamic State militants — not the Taliban — for a gruesome hospital attack in Afghanistan this week that killed two newborn babies, and it renewed calls for Afghans to embrace a troubled peace push with the Taliban insurgency.
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U.S. oil supply cuts will surpass any other country, IEA says
Worldwide cuts to oil production are expected to decline by 12 million barrels per day by the end of the year, the agency said, with U.S. production expected to drop by 2.8 million barrels per day.
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Oil falls as fears of second coronavirus wave take hold, U.S. stockpiles rise
Oil prices fell on Wednesday on concerns about a possible second wave of coronavirus cases in countries easing lockdowns, which could prompt renewed movement restrictions, while industry data showed U.S. crude inventories are still rising.
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Saudi Supertankers See Delays Unloading in U.S. Ports
In a process known as reverse lightering, it usually takes four to six days to fully unload a Very Large Crude Carrier, a 2-million barrel ship that can deliver Saudi oil, said Stephen Wolfe, head of crude oil at consultant Energy Aspects Ltd. Buyers in the U.S. often rent three 600,000-barrel smaller or lightering vessels to complete the process, he said.
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Perspective: Why U.S.-Saudi Relations are Facing an Unprecedented Crisis
By the summer of 2018, Saudi relations with Democrats, who were months away from regaining control of the House of Representatives, had deteriorated severely. However, Riyadh maintained strong ties with the White House and, for the most part, with internationalist Republicans, especially in the Senate, despite growing unease over Yemen.
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U.S. tells Iran to send plane so Washington can deport 11 Iranian nationals
“We have 11 of your citizens who are illegal aliens who we have been trying to return to your country. You suddenly SAY you want them back, so how about you send a charter plane over and we’ll return all 11 at once?” Ken Cuccinelli, acting deputy secretary of the U.S. Homeland Security Department, said in Twitter posts.
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