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Recent stories from sustg
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The Euromoney Conference: Investment in Saudi Arabia – Sfakianakis
- May 16,2014
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- John Sfakianakis
Just recently Fitch upgraded the sovereign rating of Saudi Arabia to AA from AA-, denoting a stable outlook for the Kingdom. Fitch’s upgrade of Saudi Arabia’s sovereign rating makes it rank seventh within the G20 members, after the United States, Germany, Canada, Australia, Britain, France, and ahead of even Japan and China. Despite political upheaval […]
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Commerce Secretary Penny Pritzker Discusses Exports, New Initiatives at Atlantic Live Event
- May 14,2014
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- Lucien Zeigler
The Atlantic magazine in Washington and its events arm Atlantic Live held a conversation today with United States Commerce Secretary Penny Pritzker and Washington Editor-at-Large, Steve Clemons to discuss the DoC’s efforts at promoting U.S. exports. Pritzker, who spoke last September at the U.S.-Saudi Business Opportunities Forum in Los Angeles for which SUSTG was a principal […]
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FOCUS KSA – ‘Saudi Labor in Transition’: Register Now for Wednesday, March 14th 10:00am EST Online Discussion
- May 13,2014
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- Lucien Zeigler
The international news cycle has moved on from President Obama’s visit to Riyadh in late March. The surge of commentary surrounding his trip tended toward hand-wringing about the status of the US-Saudi Arabia relationship and the tension between American and Saudi perspectives regarding Iran, Syria and Egypt.
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Commentary | King Abdullah: Nine Golden Years of Prosperity and Stability – Mulhim
- May 6,2014
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- SUSTG Team
Saturday marked the 9th anniversary [on the Islamic calendar] of Custodian of the Two Holy Mosques King Abdullah’s accession to the throne and pledging of allegiance to him. When King Abdullah assumed the leadership of Saudi Arabia, the world in general and the region in particular was facing difficult times, as violence, instability and drastic […]
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Tourism in Saudi Arabia: How the SCTA Can Help the Saudi Economy
- May 6,2014
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- John Sfakianakis
In 2012, 1 billion tourists visited countries all over the world, and this movement led to the generation of more than $1.3 trillion for the global economy. More than half of tourists used air travel to reach their destinations. In 2010, the total contribution of tourism toward the global GDP reached $6.6 trillion (9.3% of […]
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Opportunities for Saudi-China Trade: Is Asia the Future for the Kingdom?
- April 8,2014
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- John Sfakianakis
As part of the recent visit by Saudi Arabia’s Crown Prince Salman to China, I participated the Saudi-China Investment Forum organized by the Saudi Arabian General Investment Authority (SAGIA). I was honored to receive an invitation to speak, and compared with forums organized inside and out of the Kingdom of Saudi Arabia in 2014, this […]
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Mecca has five times more hotel rooms than any other Saudi city
- April 2,2014
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- Lucien Zeigler
Saudi Arabia’s holy city of Mecca has more than five times as many hotels as any other city in Saudi Arabia, according to a lengthy report on the Saudi tourism sector in Arab News. That report highlights the growth in the hotel industry – put at 172 percent in the last decade – especially to tourist destinations […]
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President Obama’s Visit to Riyadh: 3 Takeaways from Obama’s Meeting with King Abdullah
- March 31,2014
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- Lucien Zeigler
President Obama’s recently concluded visit to Riyadh – his second as President – comes at a pivotal time in U.S.-Saudi relations. With the ongoing conflict in Syria and Iran’s nuclear program the big topics discussed between the two leaders, the meeting was an important opportunity for the two old allies to get on the same […]
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Analysis Roundup: President Obama’s Second State Visit to the Kingdom of Saudi Arabia
- March 27,2014
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- Lucien Zeigler
President Obama’s visit to Saudi Arabia later this week comes at a crucial time in U.S.-Saudi relations and in the context of regional and geopolitical developments.
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KACARE and Saudi Arabia’s Frightening Consumption of Energy
- March 26,2014
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- John Sfakianakis
Four years ago, King Abdullah City for Atomic and Renewable Energy (KACARE) was established by a royal decree. Public statements highlighted the numerous nuclear and solar power plants that would be built and entered into production during the next 15 to 20 years. Large sums of money have been paid for advisers and global consulting […]
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MUST-READS
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Saudi AramcoSaudi Aramco increases gasoline prices starting April 14
Riyadh roughly doubled domestic prices a year ago in an effort to boost energy efficiency, part of economic reforms aimed at weaning the world’s top crude exporter away from oil.
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AfghanistanTaliban declare start of spring offensive amid talks with US
The insurgents released a lengthy missive in five languages, including English, saying the fighting would continue while foreign forces remain in Afghanistan.
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WomenAboutHer.com Forum in US to highlight significance of female participation in all aspects of Saudi society
The first edition will be held at the George Washington University in Washington D.C. on April 16.
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Culture SummitRadical Abu Dhabi arts summit aims to shake up Mideast cultural scene
The Culture Summit saw 350 leading figures from the arts, media, public policy and technology gather on Abu Dhabi's Saadiyat Island for five days from April 7, 2019.
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U.S. Department of State Announces Kidnapping Risk Indicator
The Travel Advisories for 35 countries have been updated to include a “K” indicator for the risk of kidnapping and/or hostage taking
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Exxon MobilExxon Said in Talks Over Floating LNG Partnership in Israel
Exxon Mobil Corp. is in discussions to build a platform that would expand the export reach of Israel’s biggest natural gas field, according to people familiar with the matter. Israeli gas stocks rose.
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Turkey ElectionsTurkish authorities reject Erdogan party’s request for full recount
Turkish electoral authorities on Tuesday rejected a request by President Recep Tayyip Erdogan's Justice and Development Party for a full recount of ballots cast in Istanbul in March 31 municipal elections.
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TurkeyErdogan′s AKP party demands full vote recount in Istanbul
Officials from Turkey's ruling AKP party have described "numerical mistakes" in local elections in major cities across the country. In Istanbul's mayoral race, the opposition candidate holds a paper-thin lead.
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U.S.-IranIran Strategy – State Department Briefing
Since taking office, the administration has designated over 970 Iranian entities and individuals. The sanctions announced last week against front companies supporting the Islamic Revolutionary Guard Corps and Iran’s ministry of defense were the 26th round of American sanctions. Our sanctions have targeted a range of threats, especially Iran’s support of terrorism, missile proliferation, its nuclear program, human rights abuses, and others.
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Uber-CareemThe Success And Multiplier Effects That Careem’s Acquisition By Uber Will Have On The Middle East’s Startup Ecosystem
Once an exit happens, many entrepreneurs, and some of their key colleagues, end up investing in other startups. Some set up or join VC firms, like Fadi Ghandour, Dany Farha, Ihsan Jawad, and Samih Toukan. Others choose to remain as angel investors.
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