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Deputy Crown Prince Mohammed bin Salman on U.S.-Saudi Relations: ‘We consider ourselves to be the main ally for the U.S. in the Middle East’
- April 4,2016
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- SUSTG Team
Deputy crown prince Mohammed bin Salman described the U.S.-Saudi relationship as “huge” and reiterated that Saudi Arabia was the main ally for the United States in the Middle East in a recent interview. “Our partnership with the U.S. is huge. Oil is only a small part of it. Oil was just the beginning for us,” […]
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Major Policy Shifts Revealed in Bloomberg Interview with Deputy Crown Prince Mohammed Bin Salman
- April 1,2016
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- SUSTG Team
In an extensive interview with Bloomberg Saudi Arabia’s deputy crown prince Mohammed bin Salman outlined his vision for several major economic initiatives. These include a plan to offer shares in all of Saudi Arabian Oil Company (Saudi Aramco) rather than just it’s downstream and refining assets. “The mother company will be offered to the public […]
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Reduced Consumer Spending, M3 Decline Indicates Saudi Economic Slowdown
- March 29,2016
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- SUSTG Team
Central bank data released on Monday shows Saudi consumers withdrew and spent less money in February and a key money supply metric “shrank for the first time since at least 2000,” according to Bloomberg. M3 dropped 0.9 percent from a year earlier last month. According to Reuters, narrower money supply measures M1 and M2 also […]
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Saudi Film Festival Features Highlights Growing Enthusiasm for Independent Filmmakers
- March 25,2016
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- SUSTG Team
Close to 400 enthusiastic film fans filled a hall for the opening ceremony of the 3rd annual Saudi Film Festival at a culture and arts centre in the Gulf coast city of Dammam on Thursday night. 112 candidates are participating with 70 films nominated for the awards. 24 of the filmmakers are Saudi women and […]
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Washington Welcomes Saudi Move to Wind Down Yemen Campaign
- March 18,2016
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- SUSTG Team
Saudi Arabia has said its military coalition will scale back operations against the Iranian-backed Houthis in Yemen, according to reports. Brigadier General Ahmed al-Assiri told AFP in an exclusive interview that the coalition is, “in the end of the major combat phase.” “We would welcome and do welcome” that statement, White House spokesman Josh Earnest […]
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Obama to Visit Saudi Arabia in Wake of Heated Debate Regarding U.S. Middle East Policy
- March 17,2016
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- Lucien Zeigler
U.S. President Barack Obama will visit Saudi Arabia in April, his third time visiting Saudi Arabia while president. In September 2015, Saudi Arabia’s King Salman visited the United States with his son and Deputy Crown Prince and Minister of Defense Mohammed bin Salman. And, last spring, Obama invited the Saudis and other Persian Gulf Arab […]
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NYT Report Documents Former Ambassador Al-Jubeir Efforts to Enlist U.S. Support for Saudi Campaign in Yemen
- March 14,2016
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- Lucien Zeigler
A New York Times report by Mark Mazetti and Eric Schmitt sheds light on Saudi Arabia’s efforts to enlist the Obama Administration’s support for taking military action in Yemen last year. The decision to support Saudi Arabia came after two days of meetings in March 2015 between then-Ambassador to the United States Adel Al-Jubeir and top officials in the […]
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Secretary Kerry Makes Second Trip to Saudi Arabia in 2016
- March 11,2016
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- Lucien Zeigler
Secretary of State John Kerry is en route to Saudi Arabia now for his second visit to the Kingdom since the start of 2016. Secretary of State John Kerry will travel March 11 to Hafar al Batin, Saudi Arabia to meet with senior government officials to discuss a variety of topics, including efforts to resolve […]
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Riyadh to Keep Arms Originally Bound for Lebanese Army
- March 7,2016
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- SUSTG Team
Saudi Arabia will honor its contracts with French defense companies for $3 billion in arms previously bound for Lebanon as military aid, but will keep the equipment for its own army, foreign minister Adel Al-Jubeir said. Saudi Arabia recently withdrew its promise of $3 billion in military aid and $1 billion for security services over […]
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Borrowing by Arab Governments More than Doubled Last Year as Energy Producing Nations Feel the Pinch
- March 2,2016
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- SUSTG Team
Borrowing by Arab governments more than doubled last year and is forecasted to remain high in 2016, according to the ratings agency Standard and Poor’s (S&P). Last year, Saudi Arabia borrowed $26 billion, and in total, GCC Governments borrowed $40 billion overall. Egypt borrowed the most of any Arab nation with $44 billion. S&P projects […]
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MUST-READS
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AutomotiveAbandoned cars clog Jeddah parking spaces
Jeddah reportedly has the highest number of abandoned cars in the country. Some locals blame the authorities for failing to deal with the problem, but a spokesman for the local government tells Arab News that car owners don't report discarded vehicles.
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LaborMaking the private sector attractive for Saudis
The Ministry of Labor is looking into the possibility of creating an attractive work environment for Saudis in the private sector, similar to the government sector with regard to wages, working hours and two-day weekends with the aim to discourage them from changing jobs frequently.
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Women in the WorkforceStigma of Saudi women working in hotels gradually disappearing
"In the past, if you had told someone you were a hotel receptionist, they would jump to conclusions and think you didn't have a good reputation as a woman. After all, we live in a conservative society. Today, everything has changed because of the new regulations, which had a profound effect on the way people look at us," Badawood said.
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Miteb Bin Abdullah U.S. VisitTaking Saudi-US ties to new levels
Prince Miteb bin Abdullah’s visit to the United States is talk of the town these days. The visit of the minister of Saudi National Guard was very much anticipated due to the current geopolitical developments in the region.
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TransportationSaudi Arabia’s King Abdullah Port to become one of world’s major berths
Ports Development Company, owner and developer of King Abdullah Port, announced the handing over of the third berth at King Abdullah Port to National Container Company after fulfilling all Saudi Arabia’s coast guards and customs requirements, where the cooperation between governmental agencies and King Abdullah Port was key to effective business development within the port.
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Border SecurityIllegal crossings spike across Kingdom’s southern border
While the majority of people caught are usually men who are seeking work in the Kingdom, an increasing number are women, children and the elderly trying to escape difficult living conditions back home. Smugglers do not care about their suffering and the risks of trying to cross international borders. Many are unable to survive the journey that cuts through rugged mountain terrain and treacherous valleys.
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Saudi-EgyptSaudi King calls on Egypt to back Gulf accord
Saudi King Abdullah called on Egypt on Wednesday to back an agreement between Gulf Arab states that ended an eight-month dispute over Qatar's backing of Islamist movements and its promotion of Arab Spring revolts.
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Nuclear TalksIran seeking Saudi help in nuclear talks with West
Despite strained ties between Saudi Arabia and Iran, an Iranian envoy had relayed a request from Tehran to Riyadh asking for Saudi help in persuading the American side to show some flexibility in the negotiations between Iran and the P5+1 to facilitate the signing of a final agreement over the Islamic Republic’s nuclear program before Nov. 24, diplomatic sources told The Daily Star.
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Miteb Bin Abdullah U.S. VisitSaudi National Guard Chief To Seek More US Backing
Prince Miteb bin Abdullah, the National Guard minister, will hold talks with President Barack Obama and Defense Secretary Chuck Hagel during the visit which will last several days, the Saudi Press Agency reported. Prince Miteb, the son of King Abdullah, will also meet top US officer the chairman of the Joint Chiefs of Staff, Gen. Martin Dempsey. The visit comes with Saudi Arabia participating in US-led coalition air strikes targeting extremists of the Islamic State group in Syria, which has raised concerns about possible retaliation in the kingdom.
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Saudi Banking SectorStrong outlook predicted for Saudi banking sector
Saudi banks’ high net income is expected to continue to drive robust internal capital generation and substantial loss-absorption capacity. Although capitalisation levels to decline slightly as the banks increase lending.
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