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Jadwa Investment Report Finds Inflation at 5-Year High
- February 24,2016
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- admin
In a recently released report by Jadwa Investment on inflation in the Saudi economy, the Riyadh-based firm found that inflation in Saudi Arabia had reached a new 5-year high as a result of recent energy price reforms that have increased domestic energy costs. “The inflationary impact of the recent hike to energy prices is […]
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Video: Manifa – The Planning Behind Saudi Arabia’s Complex Offshore Oil Field
- February 23,2016
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- SUSTG Team
Saudi Arabia’s Manifa offshore oil field is a huge development just off of Saudi Arabia’s northeast coast. The field exists in harmony with large underwater areas where wildlife and coral reefs are thriving, and is the size of Manhattan. A video by Saudi Aramco on the company’s YouTube channel highlights the project’s extensive scope and engineering. It is the […]
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Annual SIPRI Report: Saudi Arms Purchases Up 275% in Last 5-year Period as Kingdom Remains Largest U.S. Buyer
- February 22,2016
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- SUSTG Team
Saudi Arabia was the second largest arms importer in the world between 2011 and 2015, and the United States was the world’s largest exporter by far during the same period, according to a comprehensive annual report on arms transfers between states by the Stockholm International Peace Research Institute (SIPRI.) The United States exported 33% of […]
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In Letter to King Salman, Council of Saudi Chambers Chairman Al-Zamil Urges Payments to Construction Firms
- February 16,2016
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- SUSTG Team
Saudi businessman and Chairman of the powerful Council of Saudi Chambers of Commerce (CSC), Dr. Abdulrahman al-Zamil, has written a letter to Saudi Arabia’s King Salman requesting that he intervene to ensure that the government makes delayed payments to construction companies. Some construction firms have seen scheduled payments from the government delayed by over six […]
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How Long Does Saudi Arabia Have Until it Runs Out of Groundwater?
- February 12,2016
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- SUSTG Team
Water supply for the Saudi Arabia is among its foremost challenges. In 2013, SUSTG wrote about the obstacles facing water sustainability for Saudi Arabia. Some experts predicted full water depletion by 2050 if nothing is done. However, a new local study done by the King Faisal University finds that Saudi Arabia’s timetable for water is […]
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Will Saudi Arabia Remove the Requirement for a Local Partner in a Bid to Boost Foreign Investment?
- February 9,2016
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- SUSTG Team
Saudi Arabia, with low oil prices putting the pinch on virtually every corner of the Saudi economy, is pushing hard for foreign entities to invest in Saudi Arabia. This was a theme at the recently-held U.S.-Saudi CEO Summit in Riyadh, Saudi Arabia in January, as well as the Global Competitiveness Forum held in the Saudi […]
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FM Al-Jubeir Blasts Critics of Saudi Arabia’s Counter-Terrorism Efforts: ‘It is in our National Interest to Defeat Terrorism’
- February 4,2016
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- SUSTG Team
Saudi Arabia’s Foreign Minister Adel Al-Jubeir wrote his second op-ed in three weeks in a U.S. publication, this time blasting critics of Saudi Arabia’s counter-terrorism efforts. “Those who accuse Saudi Arabia of supporting violent extremism not only fail to acknowledge the kingdom’s leadership in combating terrorism around the world but also do not see that it is […]
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Saudi Competitiveness, Energy, Women in Focus at 9th Global Competitiveness Forum in Riyadh
- January 26,2016
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- SUSTG Team
The 9th Global Competitiveness Forum (GCF) in Riyadh entered its third and final day with a focus on energy, women in the workforce, and increasing Saudi Arabia’s competitiveness in the global economy. Annually, it is one of the largest business forums in the Kingdom and is well-attended by government, business, and academic leaders from Saudi […]
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Delivery Schedule, Costs Become Sticking Points in U.S.-Saudi Littoral Combat Ship Deal
- January 13,2016
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- SUSTG Team
Saudi Arabia is balking at the potential sale from the U.S. Navy of 4 Lockheed Martin Littoral Combat Ships (LCS) because of concerns about delivery schedules and costs, according to a report in Defense News. One source thought the time to deliver the first ship would be around seven years, which the Saudis reportedly think […]
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Fitch: 2016 Saudi Budget ‘Contains Significant Reforms and Follows Notable Expenditure Restraint’
- January 6,2016
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- SUSTG Team
In a recently released statement by Fitch Ratings, the agency said Saudi Arabia’s 2016 budget “contains significant reforms and follows notable expenditure restraint during the second half of 2015, but the fall in oil prices means that the deficit/GDP ratio will again be in double-digits.” The 2016 budget outlines measures to “rationalize expenditure, increase non-oil […]
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MUST-READS
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U.S.-AfghanistanU.S. taxpayers paid $486 million Italian planes for Afghan air fleet. DOD sold it for scrap.
The Defense Department spent $486 million to buy the fleet of 20 Italian-made G222 military transport planes for the Afghan Air Force, but the agency terminated the program in 2013 because of problems with performance, maintenance and spare parts that kept the aircraft grounded. The agency sold 16 of the planes as scrap for six cents per pound, recovering a tiny fraction of the price it paid for the them. Four of the aircraft remain intact at Ramstein Air Force Base in Germany.
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Turkey and ISISTurkey approves U.S. use of its bases to fight ISIS
Turkey will let U.S. and coalition forces use its bases, including a key installation within 100 miles of the Syrian border, for operations against Islamic State of Iraq and Syria militants, American defense officials said Sunday.
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IranU.S. think-tank says it located possible blast at Iran military site
The Washington-based Institute for Science and International Security (ISIS) said it had obtained commercially available satellite imagery on which six buildings at Parchin appeared damaged or destroyed.
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KobaneU.S. frustration rises as Turkey withholds military help from besieged Kobane
“They want the U.S. to come in and take care of the problem,” a senior official said, but the Pentagon has said U.S. strikes alone can’t drive the Islamic State from Kobane, on Turkey’s border.
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ISIS and Air StrikesIntensified U.S. airstrikes keep Kobane from falling to Islamic State militants
The strikes followed the request by Turkey for intensified U.S. efforts to prevent the predominantly Kurdish town, known as Ayn al-Arab in Arabic, from falling to the Islamic State, Turkish officials said. Turkey has lined up tanks and troops within view of the Syrian Kurdish fighters defending Kobane but has not sought to intervene — for a tangle of reasons bound up with its complicated relationship with Kurds and its doubts about the goals of the international coalition fighting the extremists.
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‘Boots in the air’U.S. helicopters return to combat in Iraq for first time
Until Sunday, U.S. airstrikes in Iraq have been limited to fast-moving Air Force and Navy fighter aircraft and drones. But the use of the relatively slow-flying helicopters represents an escalation of American military involvement and is a sign that the security situation in Iraq’s Anbar province is deteriorating.
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Nusra FrontU.S., anti-Assad rebels in Syria remain at odds over role of al Qaida’s Nusra Front
To the United States and its allies, the Nusra Front is a fearsome al Qaida affiliate whose extremist ideology has no place in a future Syria. To many Syrian rebels, however, Nusra fighters are vital warriors in the battle to topple President Bashar Assad, even if the moderates don’t share the group’s end goal of a religious state.
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Syrian RefugeesU.S. to greatly expand resettlement for Syrian refugees
The State Department is reviewing more than 4,000 applications from Syrian refugees seeking permanent homes in the United States next year or beyond, up from dozens considered for resettlement this year and last, officials said. The expansion reflects determinations by the United Nations refugee agency and the United States that tens of thousands of refugees living outside Syria are unlikely to ever be able to return.
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U.S. and ISISObama: U.S. misjudged the rise of the Islamic State, ability of Iraqi army
Obama’s remarks were his frankest yet in acknowledging that the rise of the Islamic State took the United States by surprise. The president, however, refused to accept the premise that the exit of U.S. troops from Iraq was to blame, arguing that Iraq “squandered” the opportunity to suppress extremism and build a lasting democracy after U.S. troops left in 2011 “because the prime minister, Maliki, was much more interested in consolidating his Shia base” than in national unity. Obama instead blamed the ongoing turmoil in Syria for the rise of the Islamic State.
- AP - U.S.-Led Airstrikes Hit Syria Oil Refinery by Turkey
- Washington Post - Deputy National Security Adviser Says Countering ISIS Nothing Like Wars in Iraq, Afghanistan
- Daily Beast - Opinion: Why Obama Can’t Say His Spies Underestimated ISIS
- Military Times - Poll: 70% of troops say no more boots on the ground in Iraq
- USA Today - Cost of Air War Against ISIS Already Near $1 Billion as Strategy Shifts
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Al-Qaeda in SyriaAs U.S. takes on the Islamic State, al-Qaeda remains degraded but not defeated
The Khorasan group, which was struck but not destroyed by a barrage of U.S. cruise missiles this week, came into public view like the contents of an al-Qaeda time capsule. It is led by all-but-forgotten operatives who knew Osama bin Laden before the Sept. 11 attacks and, according to U.S. officials, was assembled under the instruction of an al-Qaeda leader approaching retirement age.
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