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Recent stories from sustg
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The Death of King Abdullah and the Future of Saudi Arabia: 5 Storylines to Watch This Week
- January 26,2015
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- Lucien Zeigler
The passing of Saudi Arabia’s King Abdullah in the early morning on Friday, January 23rd is a major event in the Kingdom’s history. The impact of the King’s reign on current and future generations will be lasting, and his death has drawn global attention to the Kingdom as the country moves forward with new leadership. […]
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President Obama: ‘My personal condolences and the sympathies of the American people’ following death of King Abdullah as VP Biden plans visit
- January 23,2015
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- SUSTG Team
President Obama issued a statement today on the death of Saudi Arabia’s King Abdullah bin Abdulaziz, expressing his condolences and “the sympathies of the American people” to the family of the King and the people of Saudi Arabia. “It is with deep respect that I express my personal condolences and the sympathies of the American […]
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OPEC to Oil Companies at Davos: ‘Let’s produce the lower cost oil first and then produce the higher cost…prices will rebound’
- January 22,2015
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- SUSTG Team
In dueling speeches at the Davos World Economic Forum in Switzerland, oil company heads and OPEC representatives clashed about the collapse in the price of oil, according to a report in Reuters. Oil company chiefs at from Italy’s Eni Spa and France’s Total said that OPEC’s unwillingness to cut output “could lead to a huge […]
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Spain’s Abengoa and AWT to Develop the World’s First Solar-Powered Desalination Plant in Saudi Arabia
- January 21,2015
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- SUSTG Team
[Press Release] Spain’s Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been selected by Advanced Water Technology (AWT) to jointly develop the world’s first large-scale desalination plant to be powered by solar energy, in Saudi Arabia. AWT is a newly formed company […]
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Photos: Rare Snow Blankets Areas of Saudi Arabia
- January 13,2015
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- SUSTG Team
A rare blanket of snow hit areas of Saudi Arabia on Monday, causing a stir on social media sites and even eliciting a Fatwa about snowmen. The bulk of the snow hit a town near the northern city of Tabuk, according to the BBC. Images appearing on the website Alriyadh.com, which often has excellent user-submitted photographs […]
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Five trends that will shape the Arab World’s online industry in 2015
- January 8,2015
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- Khaldoon Tabaza
2014 was a milestone year for online businesses in the Arab world. It was the year in which Arab online users spent more time behind their smartphone and computer screens than their televisions, online classified’s popularity soared over that of print classifieds, and several industries such as transportation, automotive, and food & beverage were disrupted […]
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The fundamentals of the oil price slide: where’s the bottom and is Saudi Arabia still a swing producer?
- January 6,2015
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- SUSTG Team
With a precipitous slide in the price of oil to less than half its July 2014 highs, markets around the world are watching Saudi Arabia closely as they try to figure out where the bottom might be for oil prices. But given its low extraction costs, significant capital investment in production infrastructure and large capital reserves, […]
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Saudi Arabia’s 2015 Budget: A Message of Confidence and Focus on Human Capital – John Sfakianakis
- January 5,2015
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- SUSTG Team
Saudi Arabia’s 2015 budget has captured attention as a counter-cyclical fiscal policy to spend heavily despite a projected deficit on the back of falling oil prices. SUSTG’s President Richard Wilson sat down with Dr. John Sfakianakis, Regional Director for the GCC at Ashmore Group, for a wide-ranging interview to discuss issues affecting the Saudi economy. The discussion […]
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John Sfakianakis on the Saudi Economy and 2015 Budget, Oil Prices, and the Opening of the Saudi Stock Market
- January 5,2015
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- SUSTG Team
SUSTG’s President Richard Wilson sits down with Dr. John Sfakianakis of Ashmore Group to discuss a range of key economic an political topics for Saudi Arabia. This discussion is part of SUSTG.com and SUSRIS.com’s FocusKSA series of online interviews with a wide variety of experts and analysts whose commentary provides insight on issues of importance to […]
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Ras Tanura Clean Fuels Project in Saudi Arabia Suspended Due to Low Oil Price
- January 2,2015
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- SUSTG Team
Saudi Arabia’s $2 billion Ras Tanura clean fuels project has been suspended by Saudi Aramco following a steep drop in oil’s price since July 2014, Reem Shamseddine of Reuters reports. The Ras Tanura clean fuels project was due to be a part of a second phase of upgrades to Aramco’s refineries, but may resume in a […]
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MUST-READS
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SyriaU.S.-backed fighters advance to cut off Islamic State, win tacit Turkish support
U.S.-backed Syrian fighters in a major new offensive against Islamic State vowed on Thursday to cut off the last remaining access route to the outside world for the self-proclaimed caliphate, and won vital, if tacit, backing from Turkey.
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Terrorism ReportIran Still Leading State Sponsor of Terrorism, U.S. State Department Reports
As in previous years, Iran was identified as the leading state sponsor of terrorism on account of its support for designated terrorist groups and proxy militias in Lebanon, Syria, and Iraq; the report also notes that Iran has been implicated in investigations of armed Shia political dissidents in Bahrain.
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SyriaU.S., Russia Slammed For Not Dropping Relief Aid in Syria
A coalition of Syrian-American organizations blasted the United States, Russia, and the United Nations on Wednesday for failing to drop food into besieged areas of Syria following Damascus’s refusal to provide unfettered ground access to humanitarian aid organizations.
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PakistanTaliban Leader’s Killing Shows Deeper U.S.-Pakistan Strains
The U.S. drone strike that killed the Taliban’s top leader as he traveled through Pakistan reflects just how much the U.S. is willing to disregard an ally it increasingly sees as an obstacle to securing peace in Afghanistan.
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SyriaExclusive: U.S.-backed Syria forces launch offensive for Manbij pocket – U.S. officials
Thousands of U.S.-backed fighters in Syria are launching an offensive to capture from Islamic State a crucial swathe of northern Syria known as the Manbij pocket following weeks of quiet preparations, U.S. officials disclosed to Reuters.
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SyriaU.S.-backed Syrian alliance widens offensive near IS capital
A U.S.-backed alliance of Syrian militias is widening an offensive against Islamic State near its de facto capital of Raqqa, targeting an area where the group controls a disused air base, a monitoring group and a Kurdish official said on Monday.
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Global Oil MarketsOil at $60 Gains More Backers on Forecast for Higher U.S. Demand
The United Arab Emirates’s economy minister joined forecasters looking for $60 crude this year with demand and production moving more in line.
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U.S.-SaudiThe Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret
The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
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The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret – Bloomberg
The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.
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SyriaPentagon sternly denies U.S. ground troops fighting Islamic State in Syria
The U.S. Department of Defense on Thursday rejected questions about whether American troops are fighting with local forces on the ground against the Islamic State militant group in Syria, despite newly published photos that suggest otherwise.
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