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Jadwa Investment: ‘Vision 2030’ Plan May Help Saudi Avoid Significant Fiscal Deficit
- May 5,2016
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- SUSTG Team
Jadwa Investment’s recently released economic analysis on Saudi Arabia’s ‘Vision 2030’ finds that Saudi Arabia’s new plan to move toward sustainability may help it avoid a looming fiscal crisis. Calling the plan “major and ambitious,” the Riyadh-based Jadwa looks at what might hypothetically happen if Saudi Arabia were to do nothing about the harsh fiscal […]
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Mining in Focus for ‘Vision 2030’ as Ma’aden Appoints Health Minister Khalid al-Falih Chairman, Reshuffles Board
- May 2,2016
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- SUSTG Team
Saudi Arabia’s ‘Vision 2030’ plan to diversify its economy identifies the mining and minerals sector as one of the top non-oil growth sectors for the Kingdom. Days after the Vision 2030 plan was announced the Saudi Public Investment Fund (PIF) reshuffled the board of the Saudi Arabian Mining Company – known as Ma’aden – and […]
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Saudi Arabia’s ‘Vision 2030’: What Does Success Look Like?
- April 28,2016
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- Lucien Zeigler and Richard Wilson
The recently released ‘Vision 2030’ is notable in many ways; not the least for the scope and ambition of the plan’s goals. As SUSTG has documented this week through a series of infographics, ‘Vision 2030’ is organized around three main themes and calls for the implementation of 13 separate ‘programs’ in support of the plan’s goals. […]
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Full Text: Saudi Arabia’s ‘Vision 2030’ National Transformation Program
- April 26,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, who is chair of the Council of Economic Development Authority (CEDA) and Minister of Defense presented the much-anticipated ‘Vision 2030’ framework of new policies to be pursued by the Saudi government. Here’s the full text of his presentation, as well as the Vision 2030 roadmap itself. The […]
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‘Saudi Vision 2030,’ Saudi Arabia’s National Transformation Plan for a New Saudi Economy, Launches with Media Push
- April 25,2016
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- SUSTG Team
Saudi Arabia’s has launched the ‘Saudi Arabia 2030’ National Transformation Plan (sometimes referred to as ‘Vision 2030’) today with a video announcement on Twitter and the first video interview with Deputy Crown Prince Mohammed bin Salman given to the news channel Al Arabiya. Details of the comprehensive plan are expected to include economic and social […]
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President Obama Arrives Tomorrow to Saudi Arabia for Meetings with King Salman, GCC Leaders
- April 19,2016
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- SUSTG Team
President Obama arrives tomorrow (Wednesday) in Riyadh for meetings with King Salman and other top Saudi government leaders, and to attend a GCC summit meeting. The visit to Saudi Arabia, the President’s fourth trip to the Kingdom, comes amid increased focus on U.S.-Saudi relations. On Monday, the White House expressed confidence that Saudi Arabia would not […]
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CIT’s Omar Bahlaiwa Appointed Acting Secretary General of the Council of Saudi Chambers
- April 14,2016
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- Lucien Zeigler and Richard Wilson
Saudi Committee for International Trade (CIT) Secretary General, Eng. Omar Bahlaiwa, has been appointed Acting Secretary General of the Council of Saudi Chambers, replacing Khalid Al-Otaibi. Eng. Bahlaiwa, who will continue to serve as Secretary General of CIT which is within the Council of Saudi Chambers of Commerce (CSC), was appointed by CSC Chairman, Dr. Abdulrahman […]
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What to Know About the CBS 60 Minutes on Redacted 28 Pages in House/Senate 9/11 Report
- April 11,2016
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- Lucien Zeigler and Richard Wilson
Last night’s report by CBS’s 60 Minutes with correspondent Steve Kroft covered the controversial classified pages of the Joint Inquiry Into Intelligence Community Activities Before and After the Terrorist Attacks of September 11, 2001 report produced by U.S. Senate Select Committee on Intelligence and the U.S. House Permanent Select Committee on Intelligence in December 2002. This report preceded what is known […]
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Saudi Arabia reportedly planning US-style ‘green card’ system as part of strategy to increase revenue
- April 7,2016
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- SUSTG Team
Saudi Arabia is considering setting up a ‘green card’ system, similar to that used in the US, as part of an overall strategy to raise $100 billion in revenues annually by 2020, according to reports. The Deputy Crown Prince “revealed Saudi Arabia’s inclination to introducing a system for residents that is similar to the American […]
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Politico Op-Ed Details Extensive U.S.-Saudi Coordination to Deter Terrorism and Terrorist Financing
- April 5,2016
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- SUSTG Team
Nail Al-Jubeir, director of the information office at the Royal Embassy of Saudi Arabia and brother to Saudi Foreign Minister, Adel Al-Jubeir (previously Saudi Ambassador to the United States), has written an op-ed in Politico on the deep and well-established programs in place to enable the U.S. and Saudi Arabia to work together to “suffocate terrorism.” The op-ed, […]
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MUST-READS
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U.S. Oil ExportsBHP to sell Texas oil overseas without formal U.S. approval
A major energy company will soon sell U.S. oil abroad without explicit permission from the U.S. government, another sign that the decades-old federal ban on crude exports is crumbling. BHP Billiton’s BHP, -1.68% BHP, -0.10% BLT, +0.00% deal to sell about $50 million of ultralight oil from Texas to foreign buyers without formal government approval is likely to be only the first of many such moves as energy companies seek new markets and higher prices for the surge of crude now pumped in the U.S.
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Iraqi ArmyWhy Iraqi army can’t fight, despite $25 billion in U.S. aid, training
"The army became Maliki's private militia," said retired U.S. Army Maj. Gen. Paul D. Eaton, who was in charge of military training in Iraq in 2003 and 2004. Iraqis in Shiite-dominated greater Baghdad generally support the army, he said. But he also acknowledged that the army cannot defend the surrounding "Baghdad belt" without the help of thousands of Shiite militiamen Kamil calls "volunteers," particularly because areas just to the north, west and south have a Sunni majority.
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Jabhat Al-NusraU.S. officials consider striking another militant group in Syria, Jabhat al-Nusra
U.S. officials are weighing whether to broaden the air campaign in Syria to strike a militant group that is a rival to the Islamic State and that is poised to take over a strategically vital corridor from Turkey. Extremists from the al-Qaeda-linked Jabhat al-Nusra group were said Monday to be within a few miles of the Bab al-Hawa crossing in northwestern Syria on the Turkish border, one of only two openings through which the moderate Free Syrian Army receives military and humanitarian supplies provided by the United States and other backers.
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Oil SlumpU.S. Oil Falls to 4-Year Low on Saudi Price Cut
West Texas Intermediate crude dropped to the lowest intraday level in three years as Saudi Arabia cut prices for crude exports to U.S. customers amid speculation that stockpiles increased. Brent extended losses in London.
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Free Syrian ArmyU.S.-backed Syria rebels routed by fighters linked to al-Qaeda
The Obama administration’s Syria strategy suffered a major setback Sunday after fighters linked to al-Qaeda routed U.S.-backed rebels from their main northern strongholds, capturing significant quantities of weaponry, triggering widespread defections and ending hopes that Washington will readily find Syrian partners in its war against the Islamic State.
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AfghanistanAfghanistan Going off the Rails as U.S. Withdrawal Speeds Up
Insurgent attacks have reached the highest levels since 2011, the Afghan army has sustained heavy combat losses and is experiencing high attrition rates, and opium poppy cultivation has more than doubled from its pre-1999 levels when the Taliban ruled the country, potentially undermining the Afghan state's legitimacy even as the nation is experiencing budget shortfalls, the Office of the Special Inspector General for Afghanistan Reconstruction, or SIGAR, said in a quarterly report sent to Congress Thursday.
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Anti-ISIS CampaignU.S. military says advisers needed in embattled Iraq province
The United States needs to expand a limited advise-and-assist mission in Iraq into embattled Anbar province, where some Iraqi forces are isolated and in defensive positions against Islamic State, the top U.S. military officer said on Thursday. But General Martin Dempsey, chairman of the U.S. military's Joint Chiefs of Staff, said Iraq's government must be ready to arm Sunni tribes as a precondition for getting outside advisers into the western Iraqi province.
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Iraqi KurdistanU.S. says working with Iraqi Kurdistan to stop Islamic State oil smuggling
The United States is working closely with the Iraqi Kurdistan Regional Government to clamp down on oil smuggling in a bid to cut off a key source of funding for Islamic State, a senior U.S. official said on Thursday. Islamic State militants have seized oilfields and refineries in north Iraq and have been exporting oil through smuggling networks to help finance their campaign, along with ransom, extortion and other criminal activities.
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U.S.-Turkey RelationsFor Turkey and U.S., at odds over Syria, a 60-year alliance shows signs of crumbling
The increasingly hostile divergence of views between Turkey and the United States over Syria is testing the durability of their 60-year alliance, to the point where some are starting to question whether the two countries still can be considered allies at all. Turkey’s refusal to allow the United States to use its bases to launch attacks against the Islamic State, quarrels over how to manage the battle raging in the Syrian border town of Kobane and the harsh tone of the anti-American rhetoric used by top Turkish officials to denounce U.S. policy have served to illuminate the vast gulf that divides the two nations as they scramble to address the menace posed by the extremists.
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U.S.-Iran Relationship“Chickenshit”: U.S. officials tells us what they really think about Benjamin Netanyahu
U.S. media coverage of the most recent war in Gaza was notably more critical than during similar incidents in the past. Young Americans are more critical of Israel than their parents, and tomorrow’s Republican leaders may not be quite as ironclad in their support of the Jewish state as today’s are. In the years to come, then, anonymous sniping could feel quaint—a reminder of when the two countries cared enough about their relationship not to insult each other openly.
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