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Opening of New Terminal at Prince Mohammed Bin Abdulaziz International Airport (PMIA) in Medina Shows Possibility of Public-Private Partnerships in Saudi Arabia
- July 3,2015
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- SUSTG Team
The General Authority of Civil Aviation (GACA) and Tibah Airports Development Company today announced the opening of the new terminal at Prince Mohammed Bin Abdul Aziz International Airport (PMIA) in Madinah Al-Munawarah, Kingdom of Saudi Arabia, according to a press release. The opening of the new terminal at Prince Mohammed Bin Abdulaziz International Airport (PMIA) […]
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Saudi Arabia Tops List of Military Spending as Percentage of Overall GDP
- July 2,2015
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- SUSTG Team
Saudi Arabia’s military budget grew by 17 percent last year, and the military now amounts to at least 10.4 percent of the kingdom’s GDP, according to an estimate from SIPRI. That is by far the largest military spending by GDP in the world. According to an infographic of the SIPRI data done by Forbes and […]
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Oil Prices and the Saudi Stock Exchange (Tadawul)
- July 1,2015
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- SUSTG Team
A recently released report by Jadwa Investment, entitled, “Oil Prices and the Saudi Stock Exchange (Tadawul),” examines both the real and sentimental changes in the Saudi stock market as a result of lower oil prices. “With Saudi Arabia being a predominantly oil-based economy, major changes in the price of oil are likely to be followed by […]
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Saudi Oil Export Revenues Down 46% in 2015 as Drawdown on Net Foreign Assets Continues
- June 30,2015
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- SUSTG Team
Saudi Arabia exported 1.4 billion barrels of oil in the first half of the current year for a total revenue value of SAR305 billion ($81.33 billion), according to latest figures. These revenue figures are down about 46% from the same period last year. The Kingdom also consumed about 23% of all the oil it produced for […]
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Laughing Off Daesh Threats: Saudi Comedian Uses Satire Against Self-Described Islamic State
- June 25,2015
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- SUSTG Team
A Saudi comedian threatened with beheading by Islamic State supporters on social media, and accused of apostasy by a Saudi Imam, says he will continue to use humor as a tool against the extremist group. Nasser al-Qasabi is a 53 year-old Saudi comedian. A recent sketch, entitled ‘Selfie’, which aired on the Saudi television channel MBC, […]
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Saudi Arabia’s Shura Council Votes ‘No’ On Proposed Unity Law
- June 22,2015
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- SUSTG Team
A new proposal to implement a new legal system to “protect national unity” was voted down by Saudi Arabia’s 150-member Shura Council as “unnecessary,” according to reports in the Saudi Gazette. Put forth by the Islamic and judicial committee, the proposal “implies the necessity of establishing an entire legal body to deal with one issue, which is […]
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Saudi Arabia Reduces Crude Exports, Refining More at Home
- June 19,2015
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- SUSTG Team
Saudi Arabia reduced crude oil exports in April but used record supplies domestically for a burgeoning refining industry, Bloomberg’s Wael Mahdi reports. Shipments in April fell by an average of 160,000 barrels a day, down to 7.6m BPD from 9m BPD in March. The March shipments were the highest in almost a decade, according to […]
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Fahad Nazer: ‘ISIS Will Fail in Saudi Arabia’
- June 16,2015
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- SUSTG Team
After two bombings hit two soft targets in Saudi Arabia, the self-described Islamic State, or Daesh, has its sights set on Saudi Arabia, but the extremist group is unlikely to succeed in the Kingdom, writes Gulf expert Fahad Nazer. Nazer, a Saudi writer based in the United States whose contributions are featured on CNN, Washington […]
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Video Released by King Abdulaziz Center for National Dialogue Asks Youth to Rethink Biases
- June 12,2015
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- SUSTG Team
A powerful video campaign released by the King Abdulaziz Center for National Dialogue asks Saudi youth to rethink their biases. Joseph Braude at the Foreign Policy Research Institute shares the video with English subtitles, which has garnered 150,000 views in 48 hours and sparked a discussion in the kingdom about how to stem sectarian conflict. As Braude […]
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Is it Crunch Time for Saudi Arabia’s Yemen Operation?
- June 11,2015
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- SUSTG Team
In an in-depth analysis in Reuters, Angus McDowall writes that following Saudi Arabia and the GCC’s lack of success in significantly tipping the scales in Yemen with airstrikes, the limited options for Saudi Arabia’s leadership in the war-torn country come with high risks. With the possibility of a ground operation apparently ruled out, “Riyadh may soon […]
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MUST-READS
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Expat Family TaxOnce tax-free, Saudi Arabia starts expat levy
An estimated 11 million foreigners work in the Saudi private sector, with 2.3 million of their dependents based in the kingdom, according to the Public Authority for Statistics. The tax is expected to increase every year until 2020, when it will cap at 4,800 riyals ($1,280/ 1,126 euros) per dependent annually.
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Qatar DisputeQatar Crisis: Saudi-Led Quartet Says It Will Do Whatever It Takes to Stop Gulf State’s ‘Support of Terror’
Saudi Arabia, the United Arab Emirates, Bahrain and Egypt said in a joint statement published on Emirati news agency WAM that it would "take all necessary political, economic and legal measures" against Qatar. The group said it would decide the new measures in a "timely manner" and would seek to "preserve the four countries' rights, security and stability."
- BBC - Qatar crisis: Saudi-led bloc vows new measures
- SMH - How a 91-year-old imam came to symbolise feud between Qatar and its neighbours
- Bloomberg - Qatar Rejection of Demands Shows Terror Support, Saudi Bloc Says
- Firstpost - Saudi Arabia accuses Qatar of controlling 23,000 Twitter accounts to incite dissent
- Reuters - Arab states rap 'negative' Qatari reply to demands but no new sanctions
- AP - Analysis: Qatar's Defiance May Spur Arab Quartet to Act
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Iraqi ArtifactsHobby Lobby to return smuggled Iraqi artifacts, pay $3 million fine
Feds say ancient artifacts may have been looted from Iraq, were smuggled in as tile samples
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Saudi Stock MarketSaudi Stocks Most Expensive Versus Qatari Peers This Year: Chart
Saudi Arabian stocks this week traded at the most expensive relative to their Qatari peers since last year, a gap that’s now narrowing.
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Start-UpsArab world nurturing start-ups as bedrock for future economy
Compared to a decade ago there are more than a dozen venture capital funds that are targeting start-ups in the region
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High TemperaturesTemperatures to reach 50°C in some parts of Saudi Arabia
The Presidency of Meteorology and Environment (PME) warned that starting today in the Eastern Province, temperatures will surpass 50°C
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Al-QaedaJudging Al Qaeda’s Record, Part I: Is the Organization in Decline? –
Yet there is also good reason to be optimistic that Al Qaeda’s decline is for real and might even be permanent. Al Qaeda maintains a low operational pace; it has thin resources, and limited popular support, and indeed, it is regressing on many of its goals.
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Crown Prince Mohammed bin SalmanThe Startling Rise of the Brash Young Man Who Would Be King of Saudi Arabia | Time.com
When Salman becomes King, he will have a much smoother start to his reign if oil prices recover enough to provide extra revenue to allow state spending on the projects and subsidies that keep the royals popular.
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JeddahSEDCO Development Announces Start of Jeddah’s Al-Rawdah Complex
SEDCO Development concluded an agreement with SEDCO Holding Group and Methak Holding Company to commence the real estate development of Al-Rawdah Complex project, host of commercial, residential and recreational units in Jeddah, Saudi Arabia
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Trump Travel BanTrump Travel Ban Starting Thursday Evening U.S. Time, Source Says
Existing visas will be respected, but new applicants from the countries must prove a relationship with a parent, spouse, child, sibling or close in-law already in the U.S., the Associated Press reported, citing a diplomatic cable.
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