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Reports Former Crown Prince Confined to Palace ‘Baseless’, Official Tells Reuters
- June 29,2017
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- SUSTG Team
A senior Saudi official on Thursday denied as “baseless” a New York Times report that Prince Mohammed bin Nayef has been confined to his palace in Jeddah and barred from traveling abroad, according to a Reuters report. The original report in the New York Times cited four current and former American officials and Saudis “close […]
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Crown Prince Mohammed’s Promotion, MSCI Announcement Jolts Saudi Stock Market to Big Gains
- June 22,2017
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- SUSTG Team
Saudi Arabia’s stock market soared for a second straight day following two big storylines that are giving investors confidence: the promotion of Prince Mohammed bin Salman to first-in-line to be King of Saudi Arabia, and news that the Kingdom may be considered for MSCI Emerging Market index inclusion as soon as 2019. The announcement of […]
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U.S. Senate Scrutinizes Precision-Guided Arms Package for Saudis
- June 8,2017
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- SUSTG Team
A proposed sale of $500 million worth of U.S. precision-guided missiles to Saudi Arabia is coming under growing scrutiny from Congress, according to reports, as a key vote looms in the U.S. senate today. Foreign Policy magazine reports that the planned sale of munitions would replenish the kingdom’s depleted stocks after two years of daily bombing […]
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President Trump, King Salman Speak Amid Qatar Diplomatic Fallout
- June 7,2017
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- SUSTG Team
U.S. President Donald Trump spoke by phone with Saudi Arabia’s King Salman amid a growing crisis between GCC states over allegations that Qatar is funding terrorism and extremist activities. Saudi Arabia, the UAE, Egypt and three other states have cut diplomatic ties with Qatar, threatening a socio-economic crisis for what Saudi Arabia’s leaders only recently […]
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Goldman Sachs Applies to Saudi CMA for Equities Trading License in Saudi Arabia
- June 2,2017
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- SUSTG Team
Goldman Sachs has applied to Saudi Arabia’s capital markets regulator for a license to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country, Reuters reports. The bank has been operating in Saudi Arabia since 2009 as an agent and underwriter, […]
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Flurry of Business Activity in Riyadh as SoftBank To Launch $100 billion Fund during President Trump’s Visit, One of Many Deals Slated for Busy Weekend
- May 19,2017
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- SUSTG Team
Japan’s richest man and Softbank CEO Masayoshi Son will travel to Saudi Arabia and announce the close of the first fundraising round for what will be the world’s biggest private equity fund, backed by Saudi Arabia’s sovereign wealth fund and Apple Inc., according to a Reuters report. The expected launch of the $100 billion Vision Fund […]
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New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
- May 18,2017
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]
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Saudi Defense Ministry’s Ideological Warfare Center Combats ISIS’ False Narrative
- May 9,2017
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- SUSTG Team
Saudi Arabia has established an Ideological Warfare Center (IWC) to combat the narrative put forth by extremist groups like ISIS and Al-Qaeda, and to combat extremism at its ideological roots. The IWC is affiliated with the Saudi Ministry of Defense, run by Deputy Crown Prince Mohammed bin Salman, and officially aims to “confront the roots of extremism […]
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In Interview, Deputy Crown Prince Mohammed bin Salman Discusses Economic Reforms, Regional Challenges
- May 3,2017
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman gave a wide-ranging interview with Saudi TV station MBC yesterday, discussing regional politics, the war in Yemen, the economy, Vision 2030, and Saudi Aramco’s planned IPO. The interview – given in Arabic – was widely broadcasted in the Kingdom and discussed on social media sites. It was his […]
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Is a Political Solution to the Yemen Conflict on the Horizon?
- May 1,2017
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- SUSTG Team
The Saudi-led coalition is “now looking for a political solution rather than a military operation to take Yemen’s Red Sea port of Hodeidah,” former US officials who work on Yemen told Al Monitor‘s Laura Rozen. The possible breakthrough could avoid a military escalation to take the Houthi-held strategic port, which would make the catastrophic food shortage […]
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MUST-READS
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U.S. Middle East PolicyCommentary: For U.S., Many Options but No Clear Path in Middle East
For the past 30 years, the Middle East has been the theater of most American military engagements — a timeline that covers the bombing of Libyan dictator Moammar Gadhafi's compound in Tripoli, the first Gulf War, the missile attacks on al Qaeda leader Osama bin Laden, the invasion of Afghanistan, the invasion of Iraq, the renewal of American military operations in Iraq and the recent bombing of the ISIS command center in Syria.
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Anti-ISIS Campaign220 civilians killed by strikes in Iraq, Syria since 2014: U.S. military
The military estimate is far lower than those provided by monitoring groups.
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War in YemenU.S. Military Deepens Yemen Role With Escalating Strikes Against Al-Qaeda Affiliate
The U.S. military is deepening its involvement in Yemen, with escalating counterterrorism strikes targeting an al-Qaeda affiliate that’s gained ground in the chaos of the country’s civil war.
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Iran Nuclear AgreementCommentary: Sticking with the Complicated U.S.-Iran Relationship
The U.S. has many options at its disposal, including the use of military force. However, the current balance of power in the Middle East and Iran’s position in relation to major regional and international powers is likely to limit U.S. options toward Iran.
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Yemen Civil WarTwo U.S. Drone strikes kill 4 Qaeda suspects in Yemen
Two US drone strikes killed at least four suspected Al-Qaeda members in southern Yemen on Thursday, security officials said, barely a month after a controversial US commando raid against the jihadists.
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SyriaTurkey Said to Seek U.S. Support to Attack IS Syria Bastion
Turkey is seeking U.S. support to lead a ground offensive against Islamic State’s main stronghold in Syria, a Turkish official said, a move that could give President Recep Tayyip Erdogan more influence in the conflict and undermine Kurdish groups linked to separatists he’s fighting at home.
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Defense SpendingTrump seeks ‘historic’ U.S. military spending boost, domestic cuts
President Donald Trump is seeking what he called a "historic" increase in defense spending, but ran into immediate opposition from Republicans in Congress who must approve his plan and said it was not enough to meet the military's needs.
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OPEC Oil OutputU.S. Shale Surge Threatens OPEC Strategy
OPEC’s output agreement may have put a floor under prices, but it has also prompted the return of U.S. shale.
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MosulU.S. Forces Push Artillery, Rockets, and Helicopters Closer to the Fight in Mosul
Special operations forces, artillery, rockets, and airpower are working overtime to back up thousands of Iraqi troops fighting to eject ISIS from the city.
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Donald Trump PresidencySources: U.S. considers quitting U.N. Human Rights Council
The body has been accused of unfairly targeting Israel, and Trump aides are questioning its usefulness.
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