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IMF Report on Saudi Arabia Cites Growth, Finds Near-Term Outlook ‘Positive’ but Warns of Deficit in 2015
- September 24,2014
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- SUSTG Team
A recently released detailed report on the economy of Saudi Arabia by the IMF finds the Kingdom’s current economic situation is on solid footing with near-term growth expected to continue, but warns of a looming fiscal deficit in 2015. “Saudi Arabia’s economy has grown very strongly in recent years, benefitting from high oil prices and output, […]
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‘Security, Lack of Co-Operation’ to Blame in Delay of Newcomers to Saudi’s Mobile Market, Report Finds
- September 24,2014
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- SUSTG Team
Reuters reports that state security requirements and a lack of co-operation from Saudi Arabia’s existing telecom operators have delayed the launch of two new mobile companies until later this year, citing their chief executives. “VMMEA in March said it hoped to launch services in the first half of 2014, while Mobily initially said its Jawraa’s […]
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NCB’s October 19th IPO May be 2014’s Second Largest Behind Alibaba
- September 22,2014
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- SUSTG Team
Saudi Arabia’s National Commercial Bank is set to issue an IPO in October that might raise as much as 16 billion riyals ($4.3 billion), which would be the second largest of 2014 behind China’s Alibaba Group Holding Ltd., Bloomberg’s Matthew Martin reports. The IPO will list 300 million shares totaling 15% of the lender’s share capital, with an additional 200 million shares, […]
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LG Breaks a Record on way to King Khalid International Airport
- September 19,2014
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- SUSTG Team
It’s about 45 kilometers from Riyadh to King Khalid International Airport. For a couple kilometers during that trip you are now able to see the largest outdoor advertising structure ever. In fact, for about a quarter of a kilometer you will be passing right by it. LG built it to promote its G3 phone and […]
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#FocusKSA: Mark N. Katz Discusses Regional Challenges for the Arabian Gulf States
- September 18,2014
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- SUSTG Team
SUSRIS’ Pat Ryan spoke with George Mason University’s Mark N. Katz, who recently attended the “Arabian Gulf and Regional Challenges” conference that took place September 16-17, 2014, in Riyadh.
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SAGIA in Transition
- September 18,2014
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- Richard Wilson
The Saudi Arabian General Investment Authority (SAGIA) was established in 2000 to be a major driver in the Kingdom’s efforts to liberalize its economy. It has certainly fulfilled that role and over the last 14 years SAGIA has been a chief strategist, leading promoter and the administrative front office for the Kingdom’s business as Saudi […]
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Arab States Offer Willingness to Conduct Air Strikes on Islamic State as CENTCOM Chief Visits Riyadh
- September 15,2014
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- Lucien Zeigler
The U.S. has received offers from “several” Gulf allies to aid in airstrikes against the Islamic State, according to the New York Times and several other news outlets as US CENTCOM chief Lloyd James Austin III met with Crown Prince Salman in Riyadh today. Following President Obama’s announcement that he would drastically increase strikes against Islamic State positions in Iraq, Secretary of […]
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John Kerry in Jeddah, Saudi Arabia to Coordinate with Allies in Upcoming Battle Against the Islamic State
- September 11,2014
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- SUSTG Team
Secretary of State John Kerry is in Jeddah today for talks with the Saudi Arabian government and other allies as the U.S. seeks a broad, cooperative effort in defeating the Islamic State. Saudi Arabia has agreed to provide bases for the training of moderate Syrian rebels who are battling the Sunni militants and the Assad […]
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At Dinner with Foreign Policy Experts, Obama Previews Plans to Escalate Attacks on IS Without Congressional Approval
- September 9,2014
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- Lucien Zeigler
When President Obama announced that he would not strike Syria without Congressional approval in 2013 following a chemical attack by Syria’s President Assad, Gulf allies of the U.S. determined to see Assad overthrown were put off at the unwillingness of a U.S. President to follow through on a previously set “red line.” “While I believe […]
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Higher Education in Saudi Arabia: ‘The Easiest Part is the Buildings, the Hardest Part is What is Behind the Walls’
- September 9,2014
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- SUSTG Team
The 150,000 Saudi students studying overseas and 83,000 in the United States are just one part of Saudi Arabia’s higher education plans, former U.S. Ambassador to Saudi Arabia James B. Smith said in a recent FocusKSA video with SUSRIS Editor-in-Chief Patrick Ryan. Saudi Arabia has invested big in infrastructure for higher education, Smith said, and […]
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MUST-READS
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War in YemenPerspective: What the Yemen ceasefire means for the Gulf, the anti-ISIS campaign, and U.S. security
The United States has been quietly pushing the Saudis to end the war for several months, even as Washington provides critical intelligence and logistical aid to the coalition.
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SyriaSyria releases U.S. freelance photographer Kevin Patrick Dawes
Kevin Patrick Dawes, 33, from San Diego, was released following months of negotiations, said the officials, who spoke on the condition of anonymity because the details of Dawes’s release have not yet been made public.
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U.S. Middle East PolicyLindsey Graham just said the U.S. should bankroll a Marshall Plan for the Middle East
Graham wants an emergency appropriation specifically for Egypt, Jordan and Lebanon, money to provide those countries with weaponry and equipment that will help to secure their borders. Additional funds would go to Israel to boost its security operations.
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Housing and Real EstateOnly Saudi Arabia has more affordable housing than the U.S. by this measure
Compared to the rest of the world, buying a home in the U.S. is a real bargain. In fact, Saudi Arabia, with all its oil money, is the only country where it’s more affordable, relative to income, than the U.S., according to a recent study by real estate website Movoto.
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SinaiU.S. mulls Sinai troops pullout due to ISIS
The Obama administration is considering pulling troops out of a base in Egypt's Sinai Peninsula in part due to the growing threat from ISIS and other militants, CNN has learned.
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9/11 WidowsWidows of 9/11 victims blast U.S.’s close alliance with extremist Saudi Arabia, noting its similarities to al-Qaeda
Five widows of victims who died in the 9/11 attacks published an op-ed in the print edition of The New York Times on Wednesday, condemning the U.S. government’s close alliance with the extremist Saudi monarchy.
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U.S.-IranTop U.S. official: Iran not gaining access to U.S. financial system
A senior State Department official reassured concerned lawmakers on Tuesday that the Obama administration is not planning to allow Iran access to the U.S. financial system or use of the U.S. dollar for transactions.
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U.S.-SaudiU.S. Scrambles to Repair Damaged Saudi Ties
U.S. Defense Secretary Ashton Carter will soon head to Saudi Arabia to discuss ways to increase cooperation in the war against the Islamic State. But there’s little indication he will be able to restore a vital relationship that's become riven with distrust in the last year, which would require him to reassure the Saudis on the very nature of the U.S. commitment to the kingdom and the region.
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Tim Ryan's ME Visit5 spots in the Middle East U.S. Rep. Tim Ryan visited
On Monday, Ryan discussed five highlights of the trip with reporters. Here's where he went.
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U.S.-Saudi: Counter TerrorismSuffocating Terrorism: How the U.S. and Saudi Arabia Can Work Together
Saudi Arabia takes pride in our efforts to staunch this flow of financing. It is the major form of support that fuels extremist groups and the ideologies and mind-set of the terrorists — and Saudi Arabia is the only major U.S. ally in the region capable of blocking it.
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