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Could a Trans-Asian Railway Further Boost Growing Saudi-China Trade?
- November 21,2014
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- SUSTG Team
China has reportedly “set a comprehensive economic strategy for linking the country to major economic countries in Asia, including Saudi Arabia, through a railway,” a report in Zawya finds, citing a local paper. With Saudi-Chinese trade exchanges reaching $74 billion last year and estimated to soar up to $100 billion in the next five years, the […]
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Legalized Drifting: 4-Round Saudi Car Drift to Begin Al-Ahsa
- November 20,2014
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- SUSTG Team
At long last, one Saudi will be able to claim to be the best drifter in the Kingdom. The Saudi Star Drift Championship kicks off this month for the first time, and will be supervised by the Saudi Arabian Motor Federation. The series will take an otherwise illegal but popular hobby in Saudi Arabia and make it […]
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Saudi Arabia will see 1.2 million barrels per day of new refining capacity by 2020
- November 19,2014
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- SUSTG Team
According to a recently released research note by Jadwa Investment, Saudi Arabia will see an increase of 1.2 MBPD of new refining capacity by 2020 representing a “major investment in downstream sector.” Jadwa’s Head of Research, Dr. Fahad Alturki notes: “Saudi Arabia will see 1.2 million barrels per day (mbpd) of new refining capacity come […]
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#FocusKSA: Saudi Student Turned Entrepreneur Walid Abdulwahab On His Experiences Running a Successful Business in the U.S.
- November 18,2014
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- SUSTG Team
In the latest FocusKSA discussion, Saudi-US Trade Group President, Richard Wilson, spoke with Walid Abdulwahab, a recent graduate of the University of Southern California and Founder and CEO of Desert Farms, which produces, markets and sells camel milk and camel milk products to a growing list of U.S. retail outlets. Walid discusses his background, academic experience […]
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SUSRIS: Saudi Oil Production “Crucial” to EIA 2015 Forecast
- November 14,2014
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- SUSTG Team
“Changes in the forecast of Saudi Arabian oil production are crucial to the revised outlook and a major source of uncertainty in the year ahead. Saudi Arabia has indicated interest in preserving market share rather than unilaterally carrying the burden of cutting production to balance the global oil market. In addition to numerous statements by […]
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#SaudiTBT: King Faisal Bin Abdulaziz al-Saud on the Tarmac of Le Bourget Airport in Paris, 1939
- November 13,2014
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- Richard Wilson
Returning in March 1939 from the London Conference (St. James Palace Conference) which attempted to negotiate an agreement between Jews and Arabs in Palestine, Faisal Bin Abdulaziz Al-Saud stands on the tarmac of Le Bourget Airport in Paris, France with members of his delegation. Among other issues, the London Conference was unable to resolve the matter of […]
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Iraq’s President in Saudi Arabia Latest Evidence of Improved Relations
- November 12,2014
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- SUSTG Team
Iraq’s President Fuad Masum visited Saudi Arabia’s King Abdullah in Riyadh last night, the latest evidence of a thaw in diplomatic relations between the two countries. “The Iraqi president expressed his happiness to visit the kingdom and meet with his brother the king,” according to the SPA. The meeting was the highest level meeting of officials between […]
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Trading Begins Tomorrow on NCB’s ‘Steeply’ Discounted IPO as the Government Eyes Financial Sector Reforms
- November 11,2014
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- Lucien Zeigler
Trading is set to begin tomorrow on steeply discounted shares of Saudi Arabia’s National Commercial Bank as Saudi Arabia’s capital market regulator will introduce rules for credit rating agencies next September, according to reports. Matthew Martin and Sarmad Khan of Bloomberg quote Asim Bukhtiar, a vice president and head of research at Riyad Capital, as saying […]
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AP Reports Women May Be Moving Closer to Driving Rights, But Report Immediately Denied
- November 9,2014
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- SUSTG Team
The Associated Press reported this weekend that an unnamed Saudi Shoura member confirmed its body had “recommended that the government lift its ban on female drivers,” a report that a government official quickly denied after it surfaced. As the AP reports, “The council member said the Shura Council made the recommendations in a secret, closed session […]
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Khoja Out as Information Minister, Replacement Named
- November 6,2014
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- Lucien Zeigler
Saudi Arabia’s King Abdullah relieved Culture and Information Minister Abdul Aziz Khoja of his post by royal decree and replaced him with Bandar bin Mohammed Asaad Hajjar, an economist and Saudi Arabia’s Hajj Minister. Although an Arab News headline said that Culture and Information Minister Abdul Aziz Khoja “quit,” media outlets are speculating that the Khoja was actually […]
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MUST-READS
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Ali Al-NaimiLunch with the FT: Ali al-Naimi on two decades as Saudi’s oil king
Having just published a memoir, Out of the Desert, Naimi’s mind drifts back easily to tales of his childhood growing up in a nomad’s tent.
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Saudi Foreign PolicyDonald Trump striking a Syria deal with Russia would be ‘most disastrous step possible’, Saudi Arabian prince warns
Donald Trump deciding to strike a deal with Russia and Iran over Syria would be “the most disastrous thing that could happen” to the Middle East, a Saudi prince and former senior intelligence official has warned.
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Shoura CouncilSaudi’s King Salman to shake-up Shoura Council
Daily newspaper Al-Madina cited sources as saying at least 18 members of the consultative body who have completed 12 years of service would be replaced.
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War in YemenUS backing of Saudi Arabia coalition in Yemen could mean guilt in war crimes
Rights groups and U.N. officials say the U.S.-backed coalition has often either deliberately or recklessly depended on faulty intelligence, failed to distinguish between civilian and military targets and disregarded the likelihood of civilian casualties.
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Saudi Arms PurchasesKing Felipe: Spain unblocks €40 million arms sale to Saudi Arabia
The decision to approve the sale comes shortly before King Felipe VI of Spain is scheduled to go on his first official visit to Riyadh, between Saturday and Monday.
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Cabinet MeetingKing Salman Chairs Saudi Cabinet Session
King Salman voiced the Kingdom’s aspirations to enhance historical and strategic Saudi-U.S. relations, in addition to working together towards achieve peace and stability in the Middle East and the world.
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Employment LawUnderstanding Employment Law in the Kingdom of Saudi Arabia
The legal regime regulating employment in the Kingdom may be seen as relatively employee-friendly and, in some key aspects, such as termination of employment, regulation of working hours and employment of women, differs markedly from what is considered standard practice in other jurisdictions.
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JordanArmy Special Forces soldiers killed in Jordan were working for the CIA
The three Army Special Forces soldiers killed at a Jordanian military base this month were working for a CIA program to train moderate Syrian fighters when they were shot at a checkpoint under still-unclear circumstances, U.S. officials said.
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U.S. Presidential ElectionTrump wins presidential election in shocking upset
Donald Trump has won the U.S. presidency in a shocking political upset, backing his prediction that an underground movement and a series of victories in key states would catch pollsters and pundits by surprise.
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U.S.-SaudiSaudi King congratulates Trump on win
King Salman said both Saudi Arabia’s government and its people offer their best wishes for the new US leader, who surpassed the necessary 270 votes after clinching Pennsylvania’s 20 electoral votes to win the presidency.
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