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IHS Jane’s: Saudi Spending on Military to Increase by 27% over 5 Years
- June 3,2015
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- SUSTG Team
Defense consultancy IHS Jane’s says Saudi defense spending will be $48.7bn in 2015, a 2 per cent contraction over last year but will reach $62bn by 2020. Craig Caffrey, IHS principal defence budget analyst, said “We certainly expect a significant slowdown in the short term but longer term prospects remain strong,” The Financial Times (paywall) reports. “ “The Kingdom has […]
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Video: Daesh Claims Second Mosque Attack in Saudi Arabia that Kills 4
- May 29,2015
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- SUSTG Team
A suicide bomber affiliated with the self-styled Islamic State, or Daesh, attacked a mosque in Saudi Arabia for the second time in a week on Friday, killing 4. The attack comes a week after another terrorist attack in Saudi Arabia’s Eastern Province that killed 21 worshippers and injured over 100 others. عاجل فيديو: لحظة تفجير مسجد […]
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Saudi Arabia’s total exports in 2014 dropped by 8.9 percent
- May 29,2015
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- SUSTG Team
Saudi Arabia’s Central Department of Statistics found that total exports in 2014 dropped by 8.9 percent to SR1.28 trillion ($342.28 billion), while imports rose. Oil was the lion’s share of total exports at 83 percent of the total value of exports at $280 billion. According to Arab News and Saudi Arabia’s Central Department of Statistics, non oil […]
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Photos: King Salman Urges More ‘Support to Investment and Investors in the Kingdom’ at High-Level Business Gathering
- May 28,2015
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- SUSTG Team
In a focus on investment forum in Saudi Arabia, Custodian of the Two Holy Mosques King Salman spoke to leading business leaders and government officials at Al-Salam Palace on Wednesday and asked them to encourage “businessmen to invest in the Kingdom where the climate is conducive for business and where everyone gets a fair opportunity” and to […]
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Saudis Keep Up Production at High Levels to Drive Out U.S. Shale ‘with OPEC Backing’, Bloomberg Says
- May 27,2015
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- SUSTG Team
Bloomberg’s Grant Smith and Maher Chmaytelli write that Saudi Arabia will continue to push for high output levels in order to beat back U.S. shale at an OPEC semiannual meeting on June 5th, and will have OPEC backing to do it, extending a strategy that Saudi Arabia and OPEC see as working. The decision by […]
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MoE, SAMA to Provide 5,000 Scholarships and Jobs to Saudi Students
- May 26,2015
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- SUSTG Team
The Ministry of Education and the Saudi Arabian Monetary Agency (SAMA) agreed to provide 5,000 Saudi students with scholarships and jobs in the insurance and financial sectors, according to reports, the latest move by the government to boost education for Saudi Arabia’s surging youth population. The move by SAMA will both grant scholarships to Saudi students […]
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Saudi Arabia Seeks Sikorsky MH-60R Helicopters, First Military Sale Request from a Gulf State Since Camp David Summit
- May 22,2015
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- SUSTG Team
The Royal Saudi Navy is seeking to purchase 10 Sikorsky MH-60R Sea Hawk helicopters as part of its naval expansion program, the first military purchase since the U.S.-GCC summit last week in Washington, Defense News reports. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia […]
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SACM Career Fair and Graduation Ceremony Begins Tomorrow as Saudi Students Converge in D.C.
- May 21,2015
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- SUSTG Team
This weekend, thousands of Saudi students and their families will converge in the Washington, D.C. area at the Gaylord National Harbour hotel for the 2015 SACM Career Fair and Graduation ceremony, a unique and impressive celebration of the accomplishments of Saudi Arabia’s future workforce. Saudi Arabia’s King Abdullah Scholarship Program (KASP) sends over 100,000 Saudi […]
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Sfakianakis: “The choices now being made stand to alter the face of the kingdom”
- May 20,2015
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- SUSTG Team
In a opinion piece in the London-based Financial Times (paywall), veteran banker in Saudi Arabia Dr. John Sfakianakis writes that tough decisions loom for the Kingdom’s leaders with regard to oil and energy use. “When your income is cut in half, it helps to have a few dollars on hand, but even then you will have to […]
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After Crown Prince Visit, 12,000 Saudi Students in the U.S. Added to King Abdullah Scholarship Program
- May 19,2015
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- SUSTG Team
Custodian of the Two Holy Mosques King Salman approved on Thursday, May 14 the inclusion of 12,000 additional male and female Saudi students studying in the US at their own expense in the government’s King Abdullah Scholarship Program (KASP), according to reports. The inclusion came at the request of Crown Prince Mohammed bin Naif following […]
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Top US officials in Damascus to meet new Syrian rulers, State Department says
Top diplomats from the Biden administration are in Damascus on Friday to meet new Syrian authorities led by Hayat Tahrir al-Sham (HTS), a State Department spokesperson said, the first in-person and official meeting between Washington and Syria's de-facto new rulers. The State Department's top Middle East diplomat, Barbara Leaf, Presidential Envoy for Hostage Affairs Roger Carstens and newly appointed Senior Adviser Daniel Rubinstein, who is now tasked with leading the Department's Syria engagement, are the first U.S. diplomats to travel to Damascus since Syria's opposition militias overthrew oppressive President Bashar al-Assad. The visit comes as Western governments are gradually opening channels to HTS and its leader, Ahmed al-Sharaa, and start debating whether or not to remove the terrorist designation on the group. The U.S. delegation's travel follows contacts with France and Britain in recent days.
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Lawsuit alleges U.S. failed to evacuate Palestinian Americans trapped in Gaza
Nine Palestinian Americans sued the U.S. government on Thursday, alleging that it had failed to rescue them or members of their families who were trapped in Gaza where Israel's war has killed tens of thousands and caused a humanitarian crisis. The lawsuit accuses the State Department of discriminating against Americans of Palestinian origin by abandoning them in a war zone and not making the same effort that it would to promptly evacuate and protect Americans of different origins in similar situations.
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Turkey’s central bank expected to start cutting rates next week: Reuters poll
Turkey's central bank is expected to start a cycle of interest rate cuts next week after eight months of steady policy, according to a Reuters poll on Thursday. Fourteen of 17 poll respondents forecast that the bank would cut its policy rate next Thursday, according to the poll. Three respondents expect the central bank to keep rates on hold until the first quarter. While most expected that the easing cycle will be launched this month, economists differed over the size of the first cut.
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Women Driving in Saudi Arabia: Female Perceptions Five Years after Lifting of the Ban
Survey findings suggest most women agree that there has been vast improvement, but they insist that the battle for equality is far from over. Indeed, there has been some resistance to the reforms among those who see the changes as pandering to the West. Overall, though, the survey findings suggest that the majority of women in Saudi Arabia want more rights, more women in leadership roles, more safety that they do not feel they have under the male guardianship system, and to be viewed as equal to their male counterparts.
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Biggest Retail Footprint At Sea Opens On Saudi Arabian Cruise Ship
Saudi Arabia’s first cruise line has set a new retail benchmark by launching a ship with more than 17,250 square feet (1,603 square meters) of shopping space on board. This is claimed by retail concessionaire Gebr. Heinemann to be a new record in the global cruise sector. The vessel will also be the first to offer a fully fledged web store. Cruise Saudi’s new ship is the 1,099-foot-long Aroya, boasting 1,678 cabins and carrying up to 3,362 passengers. In terms of length it is only slightly shorter than Royal Caribbean International’s Icon- and Oasis-class ships which are the biggest at sea and have roughly double Aroya’s capacity (at 6,700 to 7,600 passengers).
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Gulf Cooperation Council: Pursuing Visions Amid Geopolitical Turbulence: Economic Prospects and Policy Challenges for the GCC Countries
The Gulf Cooperation Council countries have successfully weathered recent turbulence in the Middle East, and their economic prospects remain favorable. Nonhydrocarbon activity has been strong amid reform implementation, although overall growth has decelerated due to cuts in oil production. The growth outlook is positive, as the envisaged easing of oil production cuts and natural gas expansion spur the recovery in the hydrocarbon sector, while the nonhydrocarbon economy continues to expand. External buffers remain comfortable despite current account balances having narrowed. Risks around the outlook are broadly balanced in the near term. More challenging medium-term risks, especially in the context of geoeconomic fragmentation and climate change, call for action on policy priorities to continue to strengthen the private sector and to diversify the economy.
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Saudi Crude Oil Exports Jumped to Three-Month High in October
Saudi Arabia’s crude oil exports rose to a three-month high in October, the latest data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. Saudi Arabia, the world’s largest crude oil exporter, shipped 5.92 million bpd of crude to customers in October, up by 174,000 bpd compared to September. This was the highest average export volume from Saudi Arabia for three months, according to the JODI database which compiles self-reported figures from individual countries.
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Carbon dioxide utilization in the desalination sector in Saudi Arabia: An opportunity for achieving negative emissions
Recent work has characterized the Kingdom’s geological carbon dioxide (CO2) potential as around 445 gigatons (Gt), but to date, there has been no detailed analysis of the CO2 utilization potential in the Kingdom. Current research at KAPSARC aims to review existing and emerging CO2 utilization routes relevant to Saudi Arabia. This paper focuses on evaluating the untapped potential for CO2 utilization in the Kingdom’s desalination sector and explores the potential of this sector to become a carbon sink, thus contributing to carbon dioxide removal (CDR).
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Saudi rights progress ‘irreversible’ due to youth popularity, says EU official
Much of Saudi Arabia’s progress is “irreversible” due to its popularity among young people, an EU human rights emissary has told Arab News. Olof Skoog, EU special representative for human rights, sat down with Arab News to discuss the progress made by the Kingdom, ahead of the 4th EU-KSA Human Rights Dialogue that took place in Riyadh on Tuesday. Regarding the changes in recent years, Skoog said: “I see them very much as genuine reforms. Saudi Arabia (has) a very youthful population. The country is quickly modernizing, in a way, more attuned to what happens around the world, and the young people are very much onto that.”
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2034 World Cup in Saudi Arabia: What to expect
In Saudi Arabia's bid report, they detail that the weather in June and July in major cities like Riyadh and Jeddah would be between 32 and 38 degrees Celsius (89.6 and 100.4 degrees Fahrenheit ) — conditions that are not conducive to playing. Temperatures in the country are at their mildest between October and April, which poses a challenge to organizers. Furthermore, tournament organizers will also have to consider Ramadan, the Muslim month of fasting and prayer taking place from mid-November to mid-December in 2034. With the global player's union FIFPro currently going after FIFA because of an overloaded playing calendar, football's world governing body will have to manage the complicated European playing schedule, especially with the reformed Champions League format now including games in January.
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