SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Blinken Visiting UAE, Saudi Arabia Amid Push to Curb Spread of Israeli-Hamas War

    U.S. Secretary of State Antony Blinken meets with officials in the United Arab Emirates and Saudi Arabia Monday, then heads to Israel, as he pushes for more humanitarian aid to Gaza, the protection of civilians and to ensure the conflict does not spread to other parts of the region. In talks with UAE leader Sheikh Mohammed bin Zayed, the State Department said Blinken “emphasized the importance of preventing further spread of the conflict and stressed continued U.S. commitment to securing lasting regional peace that ensures Israel’s security and advances the establishment of an independent Palestinian state.”

  • Why Saudi Arabia and the UAE may sit out new US-led Red Sea initiative

    When it was first announced on Dec. 18, the US Defense Department said 10 countries would be participating in Prosperity Guardian: the US, the United Kingdom, Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles and Spain. Three days later, Pentagon Press Secretary Pat Ryder said as many as 20 nations had said they would back the initiative, though some of the original nations, like Spain and Italy, later put out public statements that appeared to distance themselves from it. (The Combined Maritime Forces, under which the new effort falls, is made up of 39 international partners, including KSA and the UAE.)

  • New Bills Aim To Block U.S. Arms Sales To Saudi Arabia, Uae Amid Concerns Of Regional Conflict

    REP. ILHAN OMAR is introducing two pieces of legislation to block U.S. arms sales to Saudi Arabia and the United Arab Emirates, citing atrocities committed by both countries. The U.S. made high-profile sales to both countries in December, shoring up their offensive capabilities amid the possibility of a regional war and a growing risk of confrontation with Yemen’s Houthis.

  • Saudi Arabia and UAE officially join Brics: What will it mean for the bloc?

    Saudi Arabia along with the UAE, Egypt, Iran and Ethiopia joined Brics on January 1, doubling its membership to 10, with Brazil, Russia, India, China and South Africa the original members.

    “Expansion of the Brics multilateral bloc to include Saudi Arabia and UAE augurs extremely well amid ongoing geopolitical and economic challenges confronting the world economy,” Ullas Rao, assistant professor of finance at Edinburgh Business School of Heriot-Watt University in Dubai, said.

    “Both Saudi and the UAE as [among] the richest countries on per capita and home to the biggest sovereign wealth funds, create enormous growth opportunities through investments, trade and commerce.”

  • Saudi-backed fund hit as UAE oil storage Spac runs into trouble

    A Saudi Arabia-backed investment fund is liquidating the holding company of a United Arab Emirates oil storage company that has been plagued by financial reporting issues since going public in New York. Brooge Energy Limited listed its shares on Nasdaq in 2019 through a merger with a special acquisition company that gave it a market valuation of more than $1bn. The operator of oil storage facilities in the emirate of Fujairah had the backing of powerful Middle East investors including Sheikh Mohammed bin Khalifa bin Zayed Al Nahyan, the son of the previous president of the UAE, and claimed in its prospectus to have signed big contracts with unnamed international trading companies.

  • Why demand for warehouses is rising in the UAE and Saudi Arabia

    The demand for warehouses has been increasing in the UAE and Saudi Arabia as a result of an increase in e-commerce and local economic diversification strategies, leading to a surge in investments in the sector.

    Bahrain-based alternative asset manager Arcapita aims to boost its logistics portfolio in the Arab world's two largest economies to $2 billion in the next two to three years, from $1 billion currently, according to its chief executive.

    The company owns logistics assets worth $500 million in Dubai and another $500 million in Saudi Arabia and aims to double the total assets value by 2025, Atif Abdulmalik told The National.

  • Opinion: What does Putin want from the UAE and Saudi Arabia?

    Russia’s President Vladimir Putin visited the United Arab Emirates and Saudi Arabia last week in a bid to expand relations with the two oil-rich states and show that he isn’t as isolated as he has been portrayed by the West. The Russian dictator’s visit to the two Gulf states was only the second time he had ventured outside Russia in the eight months since the International Criminal Court issued a warrant for his arrest for the alleged war crime of unlawful deportation and transfer of Ukrainian children. Like Russia, the UAE and Saudi Arabia are not members of the ICC and Putin therefore found it safe to be in these countries, just as he had when he visited China in October. His venture came against the backdrop of two consequential regional developments.

  • UAE asks UN Security Council to vote Friday on demand for Gaza ceasefire

    The United Arab Emirates has asked for the U.N. Security Council to vote Friday morning on a draft resolution that demands an immediate humanitarian ceasefire in the war between Israel and Palestinian militants Hamas in the Gaza Strip, diplomats said.

    To be adopted, a resolution needs at least nine votes in favor and no vetoes by the five permanent members - the United States, Russia, China, France or Britain. The U.S. has said it does not support any further action by the council at this time.

  • Russian President Vladimir Putin visits UAE, Saudi Arabia seeking to boost Moscow’s Mideast clout

    Russian President Vladimir Putin visited the United Arab Emirates on Wednesday before departing for Saudi Arabia in an one-day lightning tour intended to raise Moscow’s profile as a Middle East power broker even as his war Ukraine grinds on. Putin landed in Abu Dhabi, the capital of the Emirates, that is hosting the United Nations’ COP28 climate talks. It was his first trip to the region since before the coronavirus pandemic and the 2022 invasion of Ukraine.

  • UAE to deliver government services shake-up by 2024

    The Zero Government Bureaucracy programme announced on Wednesday is intended to build on the Smart Government initiative launched in 2013 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.

    It is also part of the We Are the Emirates 2031 vision, as well as UAE Centennial 2071 goal, which is aimed at strengthening soft power, building Emirati values and ethics for future generations, improving productivity and community cohesion.