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Deputy Crown Prince Mohammed bin Salman Arrives in Washington, Photographed for the First Time Wearing Western Business Suit
- June 14,2016
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- Lucien Zeigler
Deputy Crown Prince Mohammed bin Salman arrived in Washington, D.C. on Monday and met with Secretary of State John Kerry in Georgetown for an informal dinner. Prince Mohammed’s arrival marks the first time he has been photographed or filmed wearing western clothing. The prince typically wears traditional Saudi clothing both at home in the Kingdom and […]
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As Vision 2030 Details are Rolled Out, International Banks and Others Look for Opportunities
- June 8,2016
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- Lucien Zeigler
International banks are jockeying for a role in Saudi Arabia’s plans to list part of state-owned Saudi Aramco for an Initial Public Offering (IPO), according to a report in Reuters. Financiers around the world are keen to cash in on a cornerstone of the recently-announced “Vision 2030” economic and social plan, with banks preparing for […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman to Visit Washington Mid-June
- June 6,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman will visit Washington, D.C. and other cities in the U.S. in June, as the influential Saudi official plans to discuss both foreign policy and economics, according to sources cited by several news outlets. Because Prince Mohammed is both Minister of Defense and President of the key Council […]
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2015 Aramco Annual Review Highlights Record Year of Production
- June 3,2016
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- SUSTG Team
Saudi Aramco’s recently released Annual Review 2015 confirms that the state-owned company produced at record levels last year – averaging 10.2 million barrels per day. The report, which features highlights of the company’s 2015 performance, also said total refining capacity stood at 3.1 million barrels per day, “reflecting successful rapid expansion downstream, optimizing the overall […]
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Graphic: A Capital Punishment Uptick in Saudi Arabia; Kingdom Trails China and Iran
- June 1,2016
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- SUSTG Team
Saudi Arabia may put more than 100 people to death in the first six months of this year and is on pace for a record-setting year after a dramatic surge in executions in 2015, according to reports. Saudi Arabia has executed 95 people this year, with about half of that figure resulting from the execution of […]
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Mine Kills Saudi Border Guard, Wounds Three Others on Yemen Border as Peace Talks Flail
- May 24,2016
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- SUSTG Team
A Saudi border guard was killed and three others were wounded by a land mine that exploded while on patrol alongside the border with Yemen on Monday, according to reports. According to the Saudi Press Agency, the blast injured the soldiers in Saudi Arabia’s southern Jazan Province on the border with Yemen. Reuters reports that it was not immediately […]
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G.E. Jumps Into Saudi Economic Reforms with $1.4b in Deals, Doubled Workforce
- May 23,2016
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- SUSTG Team
General Electric (G.E.) has won a series of deals in Saudi Arabia worth $1.4 billion and said it would double its workforce in the Kingdom from 2,000 to 4,000 by 2020, according to reports. The deals amount to “support” for Saudi Arabia’s “Vision 2030” reform plan, according to Reuters, and were announced by the company’s […]
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Saudi Aramco Energy Ventures Steps Up Investments in U.S.
- May 13,2016
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- SUSTG Team
Saudi Aramco ventures, the venture capital arm of the state-owned Saudi oil giant, has increased its investments in early stage and high growth companies in energy, petrochemicals, and renewables recently with two investments into U.S. companies, according to Forbes. The Dhahran, Saudi Arabia-based VC can is looking to invest $1 million and $30 million per […]
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How Riyadh’s King Abdullah Financial District’s Future Has Shifted
- May 11,2016
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- SUSTG Team
Riyadh’s unfinished King Abdullah Financial District (KAFD) located halfway between downtown Riyadh and King Fahd International Airport is headed for new ownership and a revised master plan. KAFD – the city within a city that was originally designed to be home to the Kingdom’s banks and international financial houses – will soon be owned by […]
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Ahead of ‘Vision 2030’, Saudi Arabia Tested Foreign Lending Appetite
- May 6,2016
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- Lucien Zeigler
Ahead of Saudi Arabia’s landmark Vision 2030 announcement, the Kingdom tested its credit-worthiness from international lenders by raising $10 billion, despite downgrades by Moody’s and Standard & Poor’s (S&P) earlier this year. Not only was Saudi Arabia able to easily raise the funding, the issuance was oversubscribed – so much so that the Kingdom increased […]
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MUST-READS
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ShaleReuters Analysis: The Ups and Downs of U.S. Oil Production
There has always been a close link between US oil production, international prices and OPEC, so it should come as no surprise that North America’s shale drillers find themselves locked in a battle with Saudi Arabia over prices and market share.
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ClimateU.S. and China Reach Climate Accord After Months of Talks
The landmark agreement, jointly announced here by President Obama and President Xi Jinping, includes new targets for carbon emissions reductions by the United States and a first-ever commitment by China to stop its emissions from growing by 2030.
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Drone WarsInterview with a U.S. Air Force drone pilot: It is, oddly, war at a very intimate level
"Inevitably, RPAs will change war. What we will have ten years from now is going to make things that we are doing today seem almost primitive. What we call pilots today will change. The skillsets necessary to be a pilot will be vastly different ten years from now. Maybe we won't event continue to call them pilots. And what's going to happen twenty years from now? It's going to be dramatically different.
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Anbar ProvinceU.S. troops back in Iraq’s Anbar, scene of heaviest combat of 2003-11 war
Anbar is particularly haunting for the American military, which suffered roughly one-third of its deaths – 1,335 troops – there during the eight-year war. In addition, the province, whose primary cities are its provincial capital, Ramadi, and Fallujah, was home to some of the biggest U.S. military battles of the war. Fallujah has been under Islamic State control since January, and Ramadi is contested.
- Reuters - Britain launches first drone strike in Iraq against Islamic State
- Air Force Times - Islamic State threat delays delivery of F-16s to Iraq
- Washington Post - The Pentagon's 'Nine-Brigade Gamble' on Iraq
- Defense One - Destroying ISIS Goes Beyond Killing Its Leadership
- The Hill - Iraq deployments on hold until Congress provides $5.6 billion
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U.S. ElectionsPower shift in U.S. Senate brings sterner tone to foreign policy debate
The Republican takeover of the U.S. Senate will bring a tough new tone to the debate over Washington's foreign policy, with lawmakers expected use their new clout and power over the budget to promote a more interventionist foreign policy. While leaders of the Democratic-majority Senate mostly backed President Barack Obama's international goals, Republicans plan to pressure the White House to take a tougher line on Iran, Russia and Islamic State fighters in Iraq and Syria.
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Europe and IsraelU.S. Allies Threaten to Recognize Palestinian State
Some of the U.S.’s closest European allies are threatening to follow Sweden and unilaterally recognize a Palestinian state if steps aren’t quickly taken to revive the Middle East peace process.
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PakistanU.S. diplomat and longtime Pakistan expert is under federal investigation
A veteran State Department diplomat and longtime Pakistan expert is under federal investigation as part of a counterintelligence probe and has had her security clearances withdrawn, according to U.S. officials.
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Global Oil MarketsSaudis go back to the future to take on U.S. shale rivals
“Saudi Arabia is not going to give up market share to Iraq, to Iran, to other countries who are cheating” by pumping more, Daniel Yergin, the Pulitzer Prize-winning oil historian and vice chairman of Englewood, Colorado-based consultancy IHS Inc., said in an Oct. 31 interview on Bloomberg Television. “It’s hard to see an OPEC deal at the end of November.”
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AfghanistanU.S. General: Afghan Forces’ Death Toll ‘Unsustainable’
The second-ranking U.S. commander in Afghanistan says casualties suffered by Afghan security forces have reached a level that cannot be sustained in a successful fight against the Taliban. Lieutenant General Joseph Anderson told reporters at the Pentagon by video from his headquarters in Kabul on November 5 that the number of Afghan soldiers and police officers killed in battle rose by 6.5 percent so far this year compared to 2013.
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U.S.-AfghanistanMajor U.S. Army division ends operations in Afghanistan 13 years after it arrived
In the fall of 2001, the 10th Mountain Division was the first major army unit to arrive in Afghanistan in support of American Special Forces who helped topple the Taliban government. Since then, about 177 soldiers from the division have been killed while serving in the country. “We were the first division here, and I think it’s fitting we’d be the last,” in a combat role, said Maj. Gen. Stephen Townsend, the division’s commander, after a ceremony marking the division’s departure from rugged eastern Afghanistan.
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