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Recent stories from sustg
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‘Shamoon’ Comeback: Several Saudi Government Agencies Attacked by Malware from Iranian State-Sponsored Hack
- December 1,2016
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- SUSTG Team
State-sponsored hackers have reportedly conducted a series of destructive malware attacks on Saudi Arabia over the last two weeks, including erasing data and wreaking havoc in the computer banks of the agency running the country’s airports and hitting five additional targets, Bloomberg reports. U.S. security firms said that a version of Shamoon, the computer virus […]
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Saudi Prince Alwaleed bin Talal: ‘Stop the Debate…It’s Time for Women to Drive’ in Saudi Arabia
- November 30,2016
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- Lucien Zeigler
In a 4-page essay entitled, “It’s High Time Women Started Driving Their Cars,” billionaire Saudi businessman Prince Alwaleed bin Talal urged an end to the debate about women’s driving in Saudi Arabia. The essay is as much a short treatise on modern Saudi feminism and the progress of women’s rights in the Kingdom as it […]
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Saudi Arabia Begins to ‘Inject Large Amounts of Money Into Economy’ to Boost Growth
- November 29,2016
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- SUSTG Team
Saudi Arabia’s government has begun “injecting large amounts of money into the economy to boost growth at the end of this year after a sharp slowdown due to low oil prices,” Reuters reports citing Saudi Central Bank data. After raising $17.5 billion last month in its first international bond issue, Saudi Arabia “did not hold that […]
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Government Makes Payments to Construction Companies as MMG Sends Letter to Deputy Crown Prince Warning of Operations Halt
- November 21,2016
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- SUSTG Team
Saudi Arabia has reportedly made good on $10.7 billion that it owed to private sector companies, according to Arab News, but one construction firm said on Monday that it wrote directly to the Deputy Crown Prince warning it may need to cease operations. Mohammad Al Mojil Group (MMG) said in a short statement through Saudi […]
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Saudi Student Murdered in Wisconsin Shocks Community
- November 2,2016
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- SUSTG Team
A University of Wisconsin-Stout student from Saudi Arabia died one day after being assaulted on a street in downtown Menomonie, Wis., about 70 miles east of Minneapolis, according to reports. Hussain Saeed Al-Nahdi was reportedly assaulted by a suspect whom police described as a white male about six feet tall. He died a day later […]
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Saudi Arabia Replaces Finance Minister in Continued Shift Toward Younger Technocrats
- November 1,2016
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- Lucien Zeigler
Saudi Arabia has replaced its Minister of Finance, Dr. Ibrahim Al-Assaf, with the head of the Kingdom’s capital markets regulator Mohammed Al-Jadaan in the latest move toward a younger generation of technocratic leaders in high positions. Al-Assaf was Saudi Arabia’s longest-serving active minister, having held the position of Minister of Finance since 1996. Another Royal […]
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US Customs Facilities Coming to Riyadh, Jeddah Airports to Add Convenience, Efficiency to U.S.-Saudi Travelers
- October 27,2016
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- SUSTG Team
The United States Customs and Border Protection (CBP) will soon set up facilities at Riyadh and Jeddah airports to process U.S.-bound passengers’ arrival documents before landing in the U.S., the Saudi Gazette reports, citing a person with knowledge of the situation who spoke with the Okaz Arabic daily. Long delays and extra screenings have become standard for […]
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Candor from High-Ranking Saudi Ministers on Economy Latest Example of Increased Transparency
- October 24,2016
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- SUSTG Team
Several high-ranking officials and Ministers in Saudi Arabia discussed the state of the Kingdom’s economy on a popular television show last week, according to Bloomberg, in what amounted to “an unusual attempt by a government not known for transparency to promote its plan to cope with the plunge in oil prices.” “Saudis who switched on a […]
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Government Payments to Top Companies Resume, Al-Assaf Says on Saudi TV
- October 20,2016
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- SUSTG Team
Saudi Arabia has resumed payments of its debts to contractors after long delays that imperiled company finances and hurt investor sentiment, according to Bloomberg, which cited comments made by Saudi Finance Minister Ibrahim Al-Assaf on Saudi television. In the televised interview late on Wednesday, Al-Assaf said payments have been “regularized and will rise in the coming period.” […]
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72-Hour Ceasefire in Yemen Set for Wednesday Night
- October 18,2016
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- SUSTG Team
The United Nations Special Envoy to Yemen announced a 72-hour cease-fire to begin Wednesday night, after he received commitments from all of the country’s warring factions, according to reports. Ismail Ould Cheikh Ahmed said the cessation of hostilities will begin at 8:59 p.m. UTC Wednesday and could be renewed after the initial three-day period. Twice […]
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MUST-READS
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EgyptSpecial Report: How Cairo is taking the fight to Sinai militants
Since taking office in June 2014, Sisi has neutralised the Brotherhood, taken bold steps to repair the economy and announced a series of mega-projects designed to create jobs. He has also made a dramatic call for a "revolution" in Islam, saying that Islamist militants are destroying the religion and harming its reputation.
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King Salman's GovernanceHow Western Media Missed the Point About Saudi King Salman’s ‘First Ten Days’
Among other important developments in Saudi Arabia over the past 10 days was the major cabinet re-shuffle, which saw -- for the first time -- the appointment of three ministers in their 30s. This is particularly significant when one notes that 60 percent of the Saudi population is below the age of 21.
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News CorpSaudi’s Kingdom Holding says sells 5.6 pct stake in News Corp
Kingdom's stake decreased from 13.18 million class B shares, representing approx. 6.6 percent ownership, to 2 million class B shares, representing approximately 1 percent ownership.
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Reporting on Saudi ArabiaWashPost retracts ‘unsubstantiated’ report on King Salman’s health
The Post said it retracted the statement because it did not meet its “standards for publication.
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King Salman's RuleRemoving two reformers and awarding bonuses, new Saudi king signals approach
Another possible wave of reforms might be aimed not at resolving those long term issues, however, but at making the state provide better services and reduce corruption, say people who know the new king.
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Capital PunishmentSaudi beheads murderer, 5th execution under new king
Saudi Arabia on Sunday beheaded a convicted murderer, bringing to five the number of people executed since new King Salman took office, continuing the kingdom's use of the harshest punishment.
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King SalmanLavish freebies from Saudi king to buoy economy, markets
A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.
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EnergyInside Shell’s earnings report: Proof that the Saudis’ oil market strategy is working
Saudi Arabia shocked the world last fall in breaking from its traditional mold of keeping oil production artificially low to prop up oil prices. Instead, the Saudis and other OPEC nations voted to keep oil output steady even in the face of a global supply surplus, a move seemingly designed to respond to the threat that the Saudis see from rising output from non-OPEC producers — from U.S. shale plays to Russia’s Arctic to Brazil’s deep offshore waters.
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EconomyHow will new Saudi king handle the economy?
Economists clarified that the custodian of the two holy mosques, King Salman bin Abdul-Aziz, has many economic and industrial files to handle. They underlined the big role he played in supporting the Saudi economy during King Abdullah bin Abdulaziz’s rule. Moreover, they indicated that while he governed the Riyadh emirate and was crown prince, he also led the development process in industrial and commercial sectors. He managed to achieve major accomplishments and build industrial cities that raised the industrial sector’s contribution to the national income.
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Salman's New GovernmentSaudi Arabia’s King Salman unveils major cabinet reshuffle
Interior Minister Prince Mohammed bin Nayef, 55, was appointed deputy crown prince, making him second in line to the throne and effectively smoothing the line of succession for years to come.
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