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Photo: World’s Largest Container Ship Docks in Jeddah, Saudi Arabia
- March 12,2015
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- SUSTG Team
The Saudi Press Agency reports that the CSC Globe, the world’s largest shipping vessel currently in operation has docked at the Red Sea port of Jeddah, Saudi Arabia. According to the BBC, the ship can carry 19,100 standard 20ft containers. “That’s estimated to be enough space for 156 million pairs of shoes, 300 million tablet computers or 900 […]
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In Speech, King Salman Delivers His Vision for Saudi Arabia
- March 11,2015
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- SUSTG Team
Saudi Arabia’s King Salman gave a speech highlighting his vision for Saudi Arabia and discussed key subjects such as energy, job creation, and stability. King Salman said Saudi Arabia was trying to minimize the impact of plunging oil prices on its economy, according to Arab News. “The low prices witnessed by the oil market are having an […]
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Report Sheds Light on Saudi Oil Policy Decision Making During Price Drop
- March 10,2015
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- SUSTG Team
An exhaustive report in the Financial Times (a paywalled source) by reporter Anjli Raval sheds light on Saudi thinking and strategy during the fall in the price of oil from highs in the summer of 2014. The report, which requires subscription to read, follows Saudi policy and events in oil markets, month to month, starting in June […]
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IHS Jane’s: Saudi Arabia is the World’s Largest Defense Importer, and Largest Buyer for the United States
- March 9,2015
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- SUSTG Team
Saudi Arabia replaced India as the largest buyer of defense equipment and weaponry worldwide in 2014, and the largest importer from the U.S., according to IHS Jane’s. One out of every seven dollars spent on defense imports in 2015 will be spent by Saudi Arabia, the British military publication said. Ben Moores, senior defence analyst at […]
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The State of Internet in MENA 2015: Growth in Full Throttle (But Beware of Bumps)
- March 6,2015
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- Khaldoon Tabaza
It’s an exciting time for MENA’s online industry. While traditional industries’ investors are starting to worry – due to low oil prices, a potential slowdown in construction and real-estate, and eroding margins in telecom and banking- online businesses continue to thrive, thanks to high demand and adoption of transactional services, as well as the transformation […]
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PHOTO: Kerry Meets with King Salman in Saudi Arabia
- March 5,2015
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- SUSTG Team
U.S. Secretary of State John Kerry is in Riyadh today to meet with King Salman and other high-level Saudi officials. The Secretary’s “Full Schedule” of meetings is an opportunity for the Secretary to build rapport with new Saudi officials, a State Department spokesperson said. The Saudi Press Agency (SPA) published this photo from today’s meeting […]
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#FocusKSA: SUSTG Speaks with Sharif Atta of SQM Frontier Management on the Opening of the Saudi Stock Market to Wider Foreign Investment
- March 4,2015
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- SUSTG Team
Sharif Atta of SQM Frontier Management speaks with SUSTG’s Richard Wilson on the opening of the Tadawul, or Saudi Stock Market, to wider foreign investment this Spring. The conversation is part of SUSTG and SUSRIS’ ongoing #FocusKSA discussions on Saudi Arabia.
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Secretary of State John Kerry Heads to Riyadh for a ‘Full Schedule’ Visit; Moment Seen as a ‘Get-to-Know You’ Opportunity for the Secretary
- March 4,2015
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- SUSTG Team
U.S. Secretary of State John Kerry is visiting Saudi Arabia for what the State department called a “full schedule” of meetings with King Salman, GCC ministers, Deputy Crown Prince Mohammed bin Nayef, and Minister of Foreign Affairs Prince Saud al Faisal. Secretary of State John Kerry will arrive Wednesday night and stay overnight in Riyadh. On Thursday, […]
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‘Subtle Change of Energy Policymaker Line-Up’ Gives King Salman Firm Hand on Energy Policy, Report Says
- March 3,2015
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- SUSTG Team
When Saudi Arabia’s King Salman announced a shake-up of leadership shortly after ascending to the throne in January, one of the Kingdom’s most powerful positions – Minister of Petroleum and Natural Resources – was left unchanged. Ali Al Naimi has been Minister for 20 years, and was CEO and President of Saudi Aramco for 12 years before […]
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Sisi in Saudi Arabia as Kingdom Strengthens Diplomatic, Security Ties with Egypt
- March 2,2015
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- SUSTG Team
Egypt’s President Abdel Fatteh el Sisi visited Saudi Arabia for talks with King Salman over the weekend as cooperation between the Kingdom of Saudi Arabia and Egypt on diplomatic and security challenges reaches a high point. Sisi, whose rise to power was a defeat for the Muslim Brotherhood that has long been at odds with Saudi […]
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Blinken scraps Jordan stop on Gaza truce tour, heading to Saudi Arabia instead
US Secretary of State Antony Blinken will travel to Saudi Arabia on Wednesday for talks on normalization with Israel as he pushes for a ceasefire in Gaza, a US official tells reporters. Blinken, who is on a regional tour expected to last throughout the week, will travel to Saudi capital Riyadh instead of previous plans to head to Jordan due to scheduling issues, the official says on condition of anonymity. The normalization deal is widely seen as dead in the water, as Riyadh is now conditioning it on the establishment of a Palestinian state — a nonstarter for Israel.
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Saudi Arabia enlists BlackRock to improve MBS market: Report
According to data available on Argaam, the Saudi Real Estate Refinance Co. (SRC) signed an agreement with BlackRock to develop the real estate finance sector, expand the local and international investor base, and ensure market stability and diverse financing options.
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Rafael Nadal gives brutally honest verdict on Saudi Arabia criticism and sportswashing claims
“What happens is that there comes a certain moment when you can be in one place or another, based on your opinion. I respect all opinions, as long as mine are also respected,” Nadal began. “Do they pay me to come here? Yes. But we must not lose perspective. You come here and what do you think? Are you doing good or bad? Because the only problem in the end is that you get paid for it. “Because, really, by coming here, you help the country. And those who speak in such a drastic way against the country, very well. “So, what do you want? For them to continue being bad, for them to continue keeping the country locked up, with more inequality? There is only one reality. “In the end, by coming here, we make events happen and tourists come, something that didn’t happen four or five years ago.
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Trees of the Gulf: Olive Trees and a Mediterranean Diet in the Desert
Aside from the sea itself, there is nothing that defines Mediterranean culture and heritage more than the olive tree. While entrepreneurs and immigrants from the Mediterranean to places with similar climates, such as California and parts of Australia, have planted olive groves and developed small industries, olive oil from outside the Mediterranean is a niche product, rarely held in high regard. But Saudi Arabia is challenging the Mediterranean’s 6,000-year hold on olive oil on a grand scale.
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Attackers kill 5, injure 22 at Turkish aviation site
Two attackers killed five people and wounded 22 others on Wednesday in what Ankara called a terrorist attack at the Turkish Aerospace Industries headquarters, where witnesses said they heard gunfire and an explosion. Interior Minister Ali Yerlikaya said both attackers were killed after the attack, adding two of the injured are in critical condition. TV broadcasters showed footage of armed assailants entering the TUSAS building near Ankara.
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Lebanon’s cash economy surge drives FATF grey-listing concerns
Lebanon is set to be placed on a financial crime watchdog’s grey list this week, with experts pointing to the country’s expanding cash economy and parallel financial system as key drivers behind the designation, according to senior economists and sources familiar with the matter. The designation comes as Lebanon grapples with a complex web of challenges, including a widespread shift away from traditional banking following the 2019 financial crisis, which has created new vulnerabilities in the financial system.
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BRICS Summit 2024: Key moments from day 1 of Kazan talks
The opening day featured traditional performances and cultural exchanges. Putin is scheduled for approximately 20 bilateral meetings, including talks with Palestinian leader Mahmoud Abbas regarding Gaza. In addition, a significant Modi-Xi meeting is planned for Wednesday, their first since recent border tensions. The summit will conclude with the Kazan Declaration on Thursday, focusing on economic cooperation, alternative payment systems, and global challenges.
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MBC Studios Head Zeinab Abu Alsamh on Training the Next Generation of Saudi Talent
Prior to joining Saudi Arabia’s MBC Group in 2021, Zeinab Abu Alsamh, one of The Hollywood Reporter‘s 2024 Most Powerful Women in International TV, served as chief commercial officer of the Saudi Broadcasting Authority, where she was responsible for the programming strategies of its entire broadcast portfolio. At MBC Studios, the in-house premium content production arm of MBC Group, she oversees the production and development of new projects, while also serving as CEO of MBC Academy, which discovers and nurtures emerging talent.
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Saudi Surgeon Honored for Performing the World’s First Fully Robotic Heart Transplant
The award also commemorates his successful completion of the world’s first robotic heart transplant on a 16-year-old patient suffering from end-stage (Class IV) heart failure. This achievement represents a turning point in heart transplant surgery practices, with a medical approach that relies on minimal surgical intervention, thereby reducing pain, shortening recovery times, and minimizing the risks of complications.
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Saudi FM arrives in Russia’s Kazan to attend BRICS summit
Saudi Foreign Minister Prince Faisal bin Farhan arrived in Russia’s Kazan to head the Kingdom’s delegation at the BRICS summit as “a country which is invited to join the group,” Al-Ekhbariya said on Wednesday. Prince Faisal is representing King Salman at the meeting of around 20 world leaders. In a joint statement issued on Wednesday, the BRICS group said it was “deeply concerned about ongoing conflicts and instability in the Middle East and North African region.”
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