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Saudi Arabia’s 2015 Budget: A Message of Confidence and Focus on Human Capital – John Sfakianakis
- January 5,2015
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- SUSTG Team
Saudi Arabia’s 2015 budget has captured attention as a counter-cyclical fiscal policy to spend heavily despite a projected deficit on the back of falling oil prices. SUSTG’s President Richard Wilson sat down with Dr. John Sfakianakis, Regional Director for the GCC at Ashmore Group, for a wide-ranging interview to discuss issues affecting the Saudi economy. The discussion […]
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Saudi Arabia’s 2015 Budget Expectations – SUSRIS
- December 19,2014
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- SUSTG Team
Writing in SUSRIS, Patrick Ryan provides an overview of the expectations for Saudi Arabia’s upcoming announcement of its fiscal plans for 2015. Although the price of oil has been high in recent years, “this year is different,” Ryan writes: “The 2015 budget, expected to be released on Monday, is anticipated to roll back spending to about SR800 […]
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#SaudiTBT: The Father of the Saudi Arabian National Guard HRH King Abdullah bin Abdulaziz in 1962
- December 9,2014
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- Richard Wilson
HRH Miteb Bin Abdullah, Minister of the Saudi Arabian National Guard (SANG) and the third oldest son of Saudi Arabia’s King Abdullah Bin Abdulaziz, recently visited Washington to meet with President Obama and other senior officials to discuss strengthened bilateral cooperation between the U.S. Department of Defense and SANG. The National Guard is one […]
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With Hagel Out, Obama’s Next Appointment for Defense Secretary Will Have an Impact on U.S.-Saudi Relations
- November 26,2014
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- Lucien Zeigler
Just days before President Obama announced in the White House Rose Garden that his Secretary of Defense Chuck Hagel would resign, Hagel met with Saudi Arabia’s Prince Miteb bin Abdullah – a rising star in Saudi Arabia at the Pentagon. With Secretary of Defense Chuck Hagel set to resign, all eyes in the Middle East and […]
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After Meetings with Obama and the Pentagon, Saudi Prince Miteb Bin Abdullah Touts US-Saudi Military Cooperation
- November 24,2014
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- SUSTG Team
Saudi Arabia’s visiting National Guard Minister, Prince Miteb bin Abdullah, visited Washington, D.C. last week in a push to “strengthen bilateral cooperation in various sectors, especially between the Defense Department and the Saudi National Guard,” according to reports in the Arab News and the Eurasia Review. Additionally, Miteb said that Saudi Arabia will receive Black Hawk […]
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PHOTOS: Wild Weather Strikes Across Saudi Arabia as Rain, Floods Cause Damage and School Closings
- November 17,2014
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- SUSTG Team
The rain season began in several provinces of Saudi Arabia this past weekend with rain and floods reported in Mecca, Jeddah, and Hail provinces. Photos provided by the SPA show hail and rain storms caused flooding and damage in Taif and Mecca while Jeddah experienced thunderstorms. Director of Civil Defense in Taif Saleh Mansi Al-Harthi has […]
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At Policymakers Event, Prince Turki al-Faisal Takes Aim at Allegations of Saudi Support of Terror
- October 29,2014
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- Lucien Zeigler
Saudi Arabia’s Prince Turki al-Faisal, Chairman, King Faisal Center for Research and Islamic Studies, Riyadh, Saudi Arabia and former Saudi Arabian Ambassador to the United Kingdom and to the United States of America, delivered sharp criticism of those who put forth unsupported allegations of Saudi financing of extremism abroad, urging them to come forward with […]
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Lockheed, Raytheon Sell ‘Worlds Most Advanced’ Patriot Missile System to Saudi Arabia for $1.7b
- October 2,2014
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- SUSTG Team
U.S. defense contractors Lockheed Martin and Raytheon are the lead contractors in the proposed $1.7b sale of the Patriot Advanced Capability-3 (PAC-3) Missile system to Saudi Arabia, following a request for approval by the Pentagon. The development is the latest in recent weeks indicating a strengthening of U.S.-Saudi ties as the two countries coordinate security efforts to counter […]
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US Training Teams Arrive in Saudi Arabia As Brass Praise Arab ‘Professionalism’ in Coordinated Strikes
- September 29,2014
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- Lucien Zeigler
US Secretary of Defense Chuck Hagel and Chairman of the Joint Chiefs of Staff, Army Gen. Martin E. Dempsey announced at a joint press conference that U.S. trainers have arrived in Saudi Arabia to assist in the development of moderate Syrian rebels, the Voice of America reports. “Opposition fighters are being vetted by U.S. military, […]
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U.S. and Saudi Arabia Conduct Joint Strikes on IS Targets in Syria
- September 23,2014
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- SUSTG Team
The United States and Gulf Arab allies, including Saudi Arabia, conducted joint airstrikes within Syria’s borders for the first time primarily on Islamic State targets in and around Raqqa, several news agencies and CENTCOM are reporting. Islamic State militants bore the brunt of the large-scale attack, which included strikes from various aircraft and also missile […]
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Global Defense Spending Decline Expected As Nations Deal with Coronavirus
Experts see domestic projects taking priority over national security in the coming years. After five straight years of growth, global defense spending is expected to decline in the coming years as nations deal with the economic fallout of the coronavirus pandemic, analysts say.
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Trump invokes Defense Production Act for ventilator equipment and N95 masks
The order, which came in the form of a presidential memorandum, directs the supply of materials to make ventilators to six companies: General Electric Co., Hill-Rom Holdings Inc., Medtronic Public Limited Co., ResMed Inc., Royal Philips N.V. and Vyaire Medical Inc.
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Oil Salvoes Put Further Pressure on Saudi Defense Budget
King Salman has mostly cut the defense budget since taking power. The defense budget was cut by a third in 2016, the first full year of King Salman’s rule, as Saudi Arabia began unrolling reform plans to shrink its deficit and diversify its economy. With only one exception – the budget rose about 5 percent in 2017 – King Salman has continued cutting the defense budget ever since. Noticeably, the defense budget has also fallen as a share of the national budget and gross domestic product, reflecting greater prioritization elsewhere.
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As Stocks Sink, Pentagon Fears Foreigners Will Buy Control of US Defense Firms
“The foreign investment issue is something that I’ve been tracking for the last couple of years,” Ellen Lord, defense undersecretary for acquisition and sustainment, said during a Wednesday briefing at the Pentagon. “There’s no question that we have adversarial capital coming into our markets through the various needs.”
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‘We Want to Be the Last Resort,’ Says Defense Secretary
The Defense Department will immediately release 1 million N95 respirator masks to the Department of Health & Human Services, or HHS, and may eventually provide eventually up to 5 million, Esper said at the Pentagon on Tuesday. The department is also ready to provide some 2,000 room ventilators and is considering activating National Guard and Reserve units to help with the nationwide response.
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General Authority for Military IndustriesGAMI to Spur Tenfold Increase in Localization of Saudi Defense Spending
“Our present defense industry is nascent, with a huge potential,” he said. “Current local manufacturing is mainly focused on ammunition, light weapons, and armored vehicles. GAMI aims to [augment this] over the coming decade, and we have identified 11 priority sectors for localization, including defense electronics, guided munition, missiles and launchers, and unmanned aerial vehicles (UAV).
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Arms SalesBelgium’s Wallonia region halts arms sales to Saudi Arabia’s defense ministry
The Belgian region of Wallonia, home to the FN Herstal and CMI arms plants, said on Thursday, February 6 that it had halted weapons sales to Saudi Arabia’s defense ministry because of the war in Yemen.
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U.S.-IraqHere’s why Patriot missile defense systems aren’t in Iraq yet
“One of the things we have to do is make sure we have permission from the host government, and that’s one of the matters we have to work on and work through,” Esper said at a news conference Thursday. “We need the permission of the Iraqis. That’s one issue. There may be others with regard to the placement, things like that, more tactical, operational — it’s a combination of things.”
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SecuritySaudi Air Defenses Thwarted Attack on Aramco
Saudi Arabia’s air defense forces last week shot down missiles aimed at Saudi Aramco oil facilities, kingdom officials said Wednesday, after Iran-aligned Houthis in Yemen said they had targeted the world’s most valuable company and other sites in Saudi Arabia. The missile attacks came four months after a squad of drones carried out coordinated attacks on two of Saudi Arabia’s vital crude production sites and temporarily knocked out more than half of the country’s oil production capacity.
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U.S.-SaudiSaudi Deputy Defense Minister Receives Commander of US Central Command
Saudi Deputy Defense Minister Prince Khalid bin Salman received in Riyadh on Tuesday Commander of the US Central Command General Kenneth McKenzie, reported the Saudi Press Agency.
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