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Recent stories from sustg
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Soft Opening for New $7.2 Billion Jeddah Airport Set for May
- February 26,2018
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- SUSTG Team
Jeddah’s King Abdulaziz International Airport is set to unveil its long-awaited new look at a soft opening in May, the Jeddah-based Saudi Gazette reports, citing confirmation by the General Authority of Civil Aviation (GACA) and the emir of Mecca. Once recognized by travelers as one of the worst airports in the world, Saudi Arabia’s second largest city is […]
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King Salman Opens Annual Janadriyah Festival as Kingdom Puts Saudi Culture On Display
- February 8,2018
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- SUSTG Team
Saudi Arabia’s King Salman on Wednesday attended the opening ceremony of the Kingdom’s 32nd National Festival for Heritage and Culture, held in Janadriyah village on the northern outskirts of Riyadh. The annual festival, known as the Janadriyah Festival, is a vibrant display of Saudi cultural traditions and heritage, and lasts 18 days. The festival’s first day saw King […]
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JLL Research: 2018 a ‘Year of Implementation’ for Saudi Arabia
- February 1,2018
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- SUSTG Team
A recent report by international real estate company Jones Lang LaSalle said that 2018 would be a “year of implementation” for Saudi Arabia following a historic 2017 in which Saudi Arabia saw great social and economic change. JLL predicts that recent reforms enacted by King Salman and Crown Prince Mohammed bin Salman will “translate positively” to the economy and […]
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Saudi Arabia Releases Prince Alwaleed bin Talal and Three Other Prominent Detainees
- January 29,2018
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- SUSTG Team
Just hours after a Reuters interview with reporter Katie Paul, Prince Alwaleed bin Talal was released from his cushy confines in the Ritz Carlton, Riyadh, where he and other prominent businessmen and royals have been detained in a crackdown on corruption in Saudi Arabia that started in November. Prince Alwaleed gave a tour of his large […]
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Report: Locations Scouted for Potential Nuclear Power Plant Sites in Saudi Arabia
- January 25,2018
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- SUSTG Team
Saudi Arabia is eying initial work on two sites for its first nuclear power plants, a report in MEED said, as the Kingdom looks to bolster alternative sources of energy to free up oil for export and power the growth needed for its Vision 2030 program. The kingdom has shortlisted two sites “and has invited […]
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Bloomberg News, MiSK Launch Course in Dubai to Train Aspiring Saudi Journalists
- January 16,2018
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- SUSTG Team
Bloomberg news and Saudi Arabia’s MiSK Foundation have teamed up to launch a course on financial reporting to train aspiring Saudi journalists, according to a report in Arab News. The intensive week-long course is taught at the Bloomberg Middle East headquarters in Dubai. 30 Saudi undergraduates, including 22 women and eight men, were chosen by MiSK […]
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Gas Prices Set to Rise 80% in Saudi Arabia as New Relief for Low Income Saudis Planned
- December 12,2017
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- SUSTG Team
Saudi Arabia will soon raise gasoline and jet fuel prices by 80% on consumers as part of broader economic reform plans meant to curb domestic consumption of oil that could be used for exports. The rise in prices is a result of the gradual elimination of energy subsidies that have long kept prices at world-leading […]
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Jadwa Investment Latest Chartbook Highlights ‘Improving Performance’ Indicators in the Saudi Economy
- December 5,2017
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- SUSTG Team
The latest edition of the monthly Chartbook from Jadwa Investment finds economic indicators showed improving performance during the month of October this year, citing a “notable improvement” in cash withdrawals from ATMs and POS transactions. The Riyadh-based bank also noted an $8.2 billion increase (in month-to-month terms) in SAMA FX reserves for the Kingdom, to $493 billion in […]
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No Big Outflow of Money from Saudi Arabia Yet as U.S. Treasury Monitors Situation – Reports
- November 17,2017
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- SUSTG Team
There has been no big outflow of money from Saudi Arabia as a result of the sweeping anti-corruption crackdown that was announced two weeks ago, according to central bank governor Ahmed Al-Kholifey. In comments made to CNN and reported in Reuters, Al-Kholifey said Saudi Arabia is seeing “some increase, but it’s not that much,” and […]
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Trump Tweets U.S. Interest for Aramco IPO, but can the NYSE Compete?
- November 8,2017
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- SUSTG Team
President Donald Trump used his Twitter account to encourage Saudi Arabia to list shares of Saudi Aramco on the New York Stock Exchange (NYSE) as markets around the world compete for the sought-after listing. “Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United […]
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MUST-READS
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SurveillanceTrump says he does not believe Israelis are spying on the U.S.
U.S. President Donald Trump said on Thursday he does not believe Israel is spying on the United States after a published report said Israel was most likely behind cellphone surveillance devices found near the White House and elsewhere in Washington.
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Aramco IPOBig U.S. Investment Banks Crowd Into Aramco IPO
Government-owned Saudi Arabian Oil Co. has so far chosen nine banks to underwrite its listing: JPMorgan Chase JPM 0.61% & Co., Morgan Stanley , Goldman Sachs Group Inc., GS 0.89% Bank of America Merrill Lynch, Citigroup Inc., HSBC Holdings HSBC 0.36% PLC, Credit Suisse Group AG and two domestic investment banks, according to people familiar with the details.
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AfghanistanAfghanistan military deployments by the numbers: How 775,000 U.S. troops fought in one war
Data provided by the Pentagon shows that more than 775,000 U.S. service members have deployed to Afghanistan at least once. The numbers detail the story of a war that has persisted for an entire generation.
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U.S.-Saudi RelationsDefying Trump, U.S. senators renew pressure on Saudis with focus on Yemen: letter
Republican and Democratic U.S. senators revived an effort to pressure Saudi Arabia over human rights, by pushing the country to fulfill its commitment to provide $750 million this year to help the people of Yemen, according to a letter seen by Reuters on Wednesday.
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AfghanistanU.S. Views Mixed on War in Afghanistan
The cancellation of the talks leaves the future of the war in Afghanistan in question, as Americans' views of the war effort are holding steady from Gallup's last measure, conducted four years ago, with 43% currently saying it was a mistake to send troops there and 52% saying it was not a mistake.
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U.S.-IranU.S. President Trump could meet with Iran’s Rouhani at U.N. with no preconditions: Pompeo
Pompeo made the comments at a news briefing to unveil new sanctions on groups including Iran’s Islamic Revolutionary Guard Corps.
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Iran SanctionsAs U.S. Cracks Down on Iran’s Oil Sales, It Calls Out an Ally
Penta Ocean Ship Management and Operation LLC, and Fourteen Star Shipping Management—two U.A.E.-based companies controlled by Indian businessmen—assisted Iranian oil shipments to Syria and processed millions of dollars in expenses incurred by vessels connected to those entities, the U.S. Treasury said as it designated them.
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Iran SanctionsU.S. will sanction whoever purchases Iran’s oil: official
Iran’s crude oil exports were slashed by more than 80% due to re-imposed sanctions by the United States after President Donald Trump exited last year Iran’s 2015 nuclear deal with world powers.
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Taliban TalksSecret Taliban peace talks at Camp David floated, scrapped within a week, U.S. officials say
Pompeo said Sunday that the Afghanistan peace talks were dead for now, but he left the door open for negotiations to resume.
- Reuters - More Americans will die after Trump abruptly ends Afghan talks, Taliban say
- CNN - Republican reps cite 9/11 anniversary in criticizing Trump decision to invite Taliban to US for peace talks
- The Hill - Pence, Bolton opposed Taliban meeting at Camp David: report
- AP - How Trump upended US-Taliban peace talks
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Taliban TalksAs potential deal with the Taliban looms, Pompeo says U.S. ‘delivered’ on mission in Afghanistan
“If you go back and look at the days following 9/11, the objectives set out were pretty clear: to go defeat al-Qaeda, the group that had launched the attack on the United States of America from Afghanistan. And today, al-Qaeda . . . doesn’t even amount to a shadow of its former self in Afghanistan,” Pompeo told the Daily Signal.
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