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Saudi 2018 Budget will be ‘Expansionary’ after Two Years of Tight Spending
- December 18,2017
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- SUSTG Team
Saudi Arabia’s budget will be announced tomorrow and will include a “focus on expansion, development and investment” according to comments made on Al-Arabiya TV by a Saudi finance ministry official, and reported in Reuters. “If there was to be a title for the 2018 budget, it would be the budget of expansion and development and […]
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Ambassador Haley Gives Dramatic Presentation of Alleged Iran-Made Weaponry Recovered from Regional Battlefields
- December 15,2017
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- SUSTG Team
US envoy to the United Nations Nikki Haley made a presentation at Bolling Air Force base in Washington, D.C. to provide evidence that Iran had supplied short-range ballistic missiles to Houthi rebels in Yemen which were then fired at Saudi Arabia. Department of Defense (DOD) officials accompanied Haley for the presentation, which was made against a dramatic backdrop of broken […]
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Secretary Tillerson Urges More ‘Measured’ Approach for Saudi Arabia in Yemen
- December 8,2017
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- SUSTG Team
U.S. Secretary of State Rex Tillerson is urging Saudi Arabia to be more “measured” in its military intervention in war-ravaged Yemen, a day after President Trump called for the end of the Saudi-led blockade in order to allow for delivery of humanitarian aid and commercial shipments. Tillerson also reiterated Trump’s calls for a “complete end” […]
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The U.S. Reported to be Assessing Support of Saudi Arabia’s Nuclear Energy Plans
- November 30,2017
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- SUSTG Team
The Trump administration is reportedly holding talks on providing nuclear technology to Saudi Arabia in a move that would be a significant shift in U.S. policy, ProPublica reports. The report notes that, “The Trump administration hasn’t stated a position on whether it will let the Saudis have enrichment and reprocessing technology. An NSC spokesman declined […]
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NYT Columnist Tom Friedman Praises Saudi Arabia’s ‘Arab Spring, At Last’; Twitter Reacts
- November 27,2017
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- SUSTG Team
New York Times Columnist and bestselling author Tom Friedman met with Crown Prince Mohammed bin Salman in Saudi Arabia for a second time in three years to speak with the powerful and young leader about the ongoing Vision 2030 social and economic reform plans as well as ongoing regional and security issues facing the Kingdom. […]
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Saudi Arabia’s PIF Officially Takes Over Management of Riyadh’s King Abdullah Financial District
- November 22,2017
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund finalized the take over of the management of Riyadh’s US$10 billion unfinished King Abdullah Financial District (KAFD), a large financial hub on the outskirts of the city, as the government attempts to revive the project. Bloomberg reports the project also has a new leader. KAFD’s final development will be run by real […]
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In WSJ Op-Ed, Al-Qassabi Says Kingdom Will Not Avoid Short-Term Difficult Decisions to Eradicate Corruption, Actualize Vision 2030
- November 14,2017
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- SUSTG Team
In a op-ed published in the Wall Street Journal, Saudi Arabia’s Minister of Commerce and Investment Dr. Majed Al-Qassabi addressed critics of the Kingdom’s anti-corruption efforts and says the actions taken last week are evidence that Saudi Arabia is facing a “watershed moment” to eradicate the scourge of corrupt practices. “Saudi Arabia is a rich […]
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Secretary Tillerson, in Riyadh, Pledges Support for Saudi-Iraq Relationship to Counter Iran
- October 23,2017
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- SUSTG Team
U.S. Secretary of State Rex Tillerson visited Riyadh over the weekend to express U.S. support for a warming of relations between Saudi Arabia and Iraq as the two nations inaugurate the first meeting of the Saudi-Iraq Coordination Council, a new organization that will facilitate bilateral ties. The inaugural Coordination Council meeting marks a warming of relations between Riyadh and Baghdad. […]
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Saudi Aramco Denies Financial Times Report on Shelving Long-Awaited IPO
- October 16,2017
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- SUSTG Team
Saudi Aramco has denied a report in the London-based Financial Times that the state-controlled company will shelve its plans to list part of the company on international indices in favor of private placements. The Financial Times reports that talks about “a private sale to foreign governments including China and other investors have gathered pace in recent […]
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King Salman Consolidates Development Funds and Promotes New Transportation Minister
- October 5,2017
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- SUSTG Team
Saudi Arabia’s King Salman has created a new organizational body to centralize and consolidate control and management of its economic development funds, called the National Development Fund (NDF), under Crown Prince Mohammed bin Salman. The NDF will “link the Saudi Fund for Development, the Saudi Industrial Development Fund, the Agricultural Development Fund, the Social Development Bank, the Human […]
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MUST-READS
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SyriaU.S. Syria strategy falters with collapse of rebel group
A blow to U.S. moves to aid rebels, the dissolution of Hazzm also highlights the risks that a new Department of Defense program could face in training and equipping fighters in Jordan, Turkey and Qatar.
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Global Energy MarkietsU.S. oil rises, Brent pares losses on Iran news
U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles.
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Iran NegotiationsDay after Netanyahu warning, U.S. and Iran make ‘some progress’ on nuclear talks
"The bottom line here is that (there is) no deal to announce to anybody today, but very intense, hard work, some progress, but tough challenges yet to be resolved," the official said. "We expect that we (and the Iranians) will regroup bilaterally, with the European Union present as well, on the 15th of March, location to be confirmed but most likely Geneva."
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U.S. - YemenU.S. envoy to Yemen to operate out of Saudi Arabia
The United States will not move its embassy to Aden, as some Persian Gulf countries have done, to avoid any suggestion that Washington accepts a de facto division of Yemen, a senior State Department official said Tuesday.
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Anti-ISIS CampaignU.S. fears Iran military influence growing in Iraq
The United States conducts airstrikes daily in Iraq and Syria and has provided Iraq's military with ammunition and weapons to fight the Islamic State. Iraq did not ask for U.S. airstrikes to support the Tikrit operation, said Col. Steve Warren, a Pentagon spokesman.
- Washington Post - Iraqi forces launch offensive to take strategic city from Islamic State
- Washington Post - These Americans return to Iraq as Christian warriors against Islamic State
- AP - Fierce Clashes Outside Iraq's Tikrit After New Offensive
- Defense One - John Allen: ISIS Losing, But Iraq Still Isn’t Ready To Win
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Dr. Zakir NaikSaudi Award Goes to Muslim Televangelist Who Harshly Criticizes U.S.
He has publicly declared that “the Jews” control America, that apostates can be killed, that the United States is the world’s “biggest terrorist” and that the Sept. 11 attacks were an “inside job” by President George W. Bush.
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Commercial LawU.S. Dept. of Commerce General Counsel Promotes Commercial Law Development in Bahrain, Saudi Arabia
General Counsel Welsh also met with the senior leadership of the Saudi Arabian Monetary Agency (SAMA), including Vice Governor Mr. Abdulaziz S. Al-Furaih. SAMA officials highlighted the Saudi bankruptcy law draft being circulated for review, and they noted steps the Saudi Arabian government is taking to promote anti-corruption. The SAMA officials indicated their desire to cooperate with CLDP on insolvency laws in the Kingdom. They also discussed ways to enhance the climate for investments in the United States by Saudi Arabian entities and individuals.
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U.S. - IsraelNetanyahu flies to U.S., signs of some easing of tensions over Iran speech
While White House and Israeli officials insist that key areas of cooperation, from counter-terrorism to intelligence to cyber security, will remain unaffected, the divide over the Iran talks has shaped up as the worst in decades.
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Oil PriceOil Extends Second Weekly Drop as U.S. Idles Fewer Drilling Rigs
Oil declined in New York, extending its second weekly loss as U.S. drillers reduced the number of rigs in operation at the slowest pace since January.
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DronesNations Racing to Overtake U.S. Lead in Drone Development
Over the past 15 years, U.S. defense contractors have pioneered the development of unmanned aircraft and have produced some of the most famous and widely-used drones on the market, but international companies are trying to strip away that technical advantage by building comparable systems.
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