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UAE, Saudi Arabia to form new ‘Joint Cooperation Committee’
- December 5,2017
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- SUSTG Team
The United Arab Emirates on Tuesday announced it has formed “a new economic and partnership group” that is a “joint cooperation committee” with Saudi Arabia, separate from the Gulf Cooperation Council, in a move that further emphasizes Saudi-UAE alignment amid a diplomatic crisis with member state Qatar. The Emirati Foreign Ministry announcement was made just hours ahead of a […]
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The U.S. Reported to be Assessing Support of Saudi Arabia’s Nuclear Energy Plans
- November 30,2017
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- SUSTG Team
The Trump administration is reportedly holding talks on providing nuclear technology to Saudi Arabia in a move that would be a significant shift in U.S. policy, ProPublica reports. The report notes that, “The Trump administration hasn’t stated a position on whether it will let the Saudis have enrichment and reprocessing technology. An NSC spokesman declined […]
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Markets Rattled by Saudi Shake-Up, Rising Regional Tensions
- November 10,2017
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- SUSTG Team
Rising tensions between Saudi Arabia and Iran, as well as the kingdom’s crackdown on corruption last week that has seen over 200 jailed and $100b in assets frozen, have rattled markets in the region and kicked off efforts for wealthy Saudis to move money abroad, according to reports. In Lebanon, where tensions are escalating between the two […]
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Despite Progress, WEF Ranks Saudi Poorly on Gender Gap Index
- November 2,2017
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- SUSTG Team
Saudi Arabia was among the lowest-ranked countries on in the World Economic Forum’s Global Gender Gap index, despite recently issuing new rules on women driving and other progress in the Kingdom. Saudi Arabia placed 138th out of 144 countries. The Kingdom’s Vision 2030 economic and social reform plans call for greater participation and empowerment of women in Saudi […]
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Qatar Restores Full Diplomatic Relations with Iran
- August 25,2017
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- SUSTG Team
Qatar restored full diplomatic relations with Iran on Thursday and promised to send its ambassador back to Tehran as the Gulf nation digs in against the demands of several Arab nations, including Saudi Arabia. According to the AP, in announcing its decision, Qatar made no mention of the diplomatic crisis roiling Gulf Arab nations since June, […]
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Saudi, UAE Crown Princes Forged Friendship on Overnight Camping Trip in the Saudi Desert Last Year, WSJ Report Says
- August 7,2017
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman and the Crown Prince of the UAE Sheikh Mohammed bin Zayed took an overnight camping trip in the Saudi desert together 18 months ago, forging a friendship that would prove to be pivotal as the two nations build on relations to take on regional challenges, the Wall Street Journal […]
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Tillerson Engages in Shuttle Diplomacy to Mend GCC Fences
- July 13,2017
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- SUSTG Team
After failing to reach a breakthrough with the Saudi-led group of four countries that have cut ties with Qatar, Secretary of State Rex Tillerson has returned to Doha to continue his shuttle diplomacy in hopes of putting an end to the weeks-long rift. The Saudi-led group accuses Qatar of supporting terrorism and has given Doha […]
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Blockade of Qatar Continues as Response to Demands Viewed as ‘Negative’
- July 6,2017
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- SUSTG Team
The foreign ministers of four Arab countries led by Saudi Arabia said they regretted Qatar’s “negative” response to their list of demands and said the blockade of the country would continue. Saudi Arabia, Egypt, Bahrain and the UAE severed ties with Qatar last month and Saudi Arabia has closed its airspace and land border with […]
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Response to Qatar Demands Given Two-Day Deadline Extension
- July 3,2017
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- SUSTG Team
Four Arab states lead by Saudi Arabia agreed to extend until late on Tuesday a deadline for Doha to comply with a list of demands, as U.S. President Donald Trump voiced concern to both sides about the dispute, according to Reuters and other reports. Qatar’s foreign minister said via Twitter that the demands “were meant […]
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Saudi Arabia and Qatar Continue Standoff as Crisis Deepens
- June 28,2017
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- SUSTG Team
The diplomatic standoff between Saudi Arabia and Qatar continued to deepen yesterday as the respective foreign ministers of each nation sparred over the Kingdom’s 13 demands of Qatar. Saudi Arabia’s Foreign Minister Adel al-Jubeir said on Tuesday that there would be no negotiations over demands by the kingdom and other Arab states for Qatar. Asked by […]
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MUST-READS
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Why are Iran and the UAE feuding over these Gulf islands?
On Wednesday, Iran launched naval drills near strategic islands disputed with UAE after US boosted its military footprint in area
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Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking
Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third.
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Saudi Arabia, UAE lead Forbes’ 2023 Arab family business ranking
Although Saudi Arabia and the UAE dominated the list, with 33 and 29 of the top 100 spots respectively, Egypt’s Mansour Group sat in first place, with the UAE’s Al-Futtaim Group in second and Saudi Arabia’s only female-led company, Olayan Financing Company, at third.
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Iran IRGC Holds Naval Drills Around Gulf Islands (Abu Musa) Claimed by UAE
Iran’s Islamic Revolutionary Guard Corps started naval drills around Persian Gulf islands whose sovereignty is disputed by the United Arab Emirates. The exercise includes troops, vessels, missiles and drones and aims to showcase the IRGC’s readiness to defend the islands, focused on Abu Musa, Iran’s state-run Islamic Republic News Agency reported on Wednesday.
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The UAE: The Middle East’s Teflon Nation
Recent leaks involving a cache of 78,000 internal documents illustrated how a Swiss company operated by a former intelligence agent sought to destroy the reputations of some 1,000 people, including activists, journalists, and politicians, and 400 organisations in 18 European countries.
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Perspective: Saudi-UAE Differences Cloud Prospects for Regional Security and Conflict Resolution
Perhaps calming fears among some U.S. officials that a wider MBS – MBZ rift would complicate U.S. efforts to deter and counter Iran, both leaders continue to work closely with the United States to develop integrated air and missile defense (IAMD) for the Gulf and to counter Iran’s threats to Gulf security. And officials of both countries have sought to counter Western assessments that their differences will widen into a more open breach. In separate statements to The Wall Street Journal in July, a UAE official speaking for the government said claims of strained relations were “categorically false and lack foundation,” and a Saudi official called the idea “simply not accurate.”
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UAE Eyes Economic Gains From Industry Decarbonization
As the United Arab Emirates seeks to navigate a pathway through the energy transition, it is placing a clear emphasis on reducing emissions from hard-to-abate sectors, such as heavy industry. In unveiling its updated UAE Energy Strategy 2050 and accompanying National Hydrogen Strategy July 4, the UAE announced plans to reduce energy consumption from energy-intensive sectors by 40% by the middle of the century.
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More women-led funds ‘will boost female entrepreneurship in the UAE’
“We rarely see VCs are run by females and that is unfortunate … we receive a lot of pitches related to start-ups but not many women are looking for funding. They are not having the right networking opportunities of knowing the person who knows the right person to connect them for business or funding,” Ms El Zayat said.
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Turkey deals with Saudi Arabia, UAE herald new security ties amid US shift to counter China, Russia
Turkish President Recep Tayyip Erdogan last week made a landmark tour of the Gulf, returning to Ankara having secured US$11.5 billion in financial assistance from the UAE to help shore up Turkey’s depleted foreign exchange reserves, fast-depreciating lira currency and yawning budgetary deficit. Erdogan also reached agreements with the UAE and Saudi Arabia to establish joint defence production programmes with Turkey, which has the second-largest military in Nato. Turkish defence manufacturer Baykar received its largest overseas orders from Saudi Arabia for the transfer of technology and joint production of its military drones.
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UAE and Saudi Arabia: Low Inflation Amid Global Turmoil
Strategies for regulating prices of essential goods and services include Saudi Arabia's Consumer Protection Association, which monitors price movements and ensures that consumers are not exploited through unwarranted price hikes. Similarly, the United Arab Emirates has implemented price caps on certain essential commodities, mitigating the risk of sudden inflationary spikes.
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