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Saudi Embassy Responds to Misinformation in U.S. Election Debates
- August 8,2019
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- SUSTG Team
The spokesperson for the Saudi embassy in Washington, Fahad Nazer, responded to “worrisome and false” allegations being made by U.S. politicians against Saudi Arabia as the 2020 election cycle gears up. Nazer sought to “set the record straight” especially on accusations connecting Saudi Arabia with Al-Qaeda made by longshot Democratic candidate, representative Tulsi Gabbard from Hawaii. […]
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Saudi Arabia’s Khalid Al-Falih, Ambassador Reema Meet with Rick Perry in Washington to Discuss Cooperation, Supply Security
- August 7,2019
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- SUSTG Team
Saudi Arabia Energy Minister Khalid Al-Falih and Ambassador to the United States Princess Reema bint Bandar met U.S. Energy Secretary Rick Perry on Tuesday in Washington, D.C. for talks on the economy, oil markets, maritime security and U.S.-Saudi cooperation. Al-Falih said that the meeting dealt with “enhancing the distinguished relationship between the two countries and […]
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2019 C3 U.S.-Arab Healthcare and Business Summit Set for Monday, September 23rd at the Union League Club in New York
- August 6,2019
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- SUSTG Team
The 8th annual C3 U.S.-Arab Healthcare and Business Summit is set to take place on Monday, September 23rd, 2019 at the Union League Club in New York City. Organized in cooperation with the U.S. State Department and the U.S. Chamber of Commerce, this year’s event takes place under the banner, “Fortifying the Globalization of Healthcare and […]
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Senate Fails to Override Trump’s Veto of Saudi and UAE Defense Sale Bans
- July 30,2019
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- SUSTG Team
The U.S. Senate failed to override President Donald Trump’s vetoes of legislation passed by Congress that would have blocked the sales of certain weapons to Saudi Arabia and the United Arab Emirates, meaning the transactions may proceed forward. Supporters of the ban won a voice vote of 45-40 in the Senate, roughly 21 votes short of […]
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Trump Vetoes Three Bills Limiting U.S. Military Sales to Saudi Arabia and UAE
- July 25,2019
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- SUSTG Team
President Trump vetoed three congressional resolutions aimed at blocking his administration from selling billions of dollars of weapons to Saudi Arabia and the United Arab Emirates. “This resolution would weaken America’s global competitiveness and damage the important relationships we share with our allies and partners,” the president said in a statement on Wednesday. The arms package included […]
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U.S. Preparing to Send 500 Troops to Prince Sultan Air Base in Saudi Arabia
- July 18,2019
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- SUSTG Team
The Trump administration is preparing to send 500 troops to Saudi Arabia amid increasing tensions with Iran, CNN reports. The troops are expected to be sent to the Prince Sultan Air Base, located in the desert east of Riyadh. A small number of troops and support personnel are already on site with initial preparations being made for a […]
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Saudi Arabia’s PIF has agreed initial terms for a $10bn loan – report
- July 12,2019
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has agreed to initial terms for a $10 billion loan, the second time the fund has sought to raise money in less than a year, the Financial Times reports. Bank of America Merrill Lynch, BNP Paribas, Crédit Agricole and Citigroup are among the 10 banks that have […]
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Princess Reema bint Bandar al-Saud Presents Credentials to President Trump at White House
- July 9,2019
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- SUSTG Team
Saudi Ambassador to the United States Princess Reema bint Bandar Al-Saud presented her credentials to President Trump at the White House on Monday, officially beginning her tenure as the Kingdom’s new top diplomat in Washington. “Presented credentials today at the White House. Conveyed the well wishes of Kingdom’s Leadership. Looking forward to working on strengthening and […]
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Saudi-led Coalition in Yemen Announces Capture of Islamic State Leader in Yemen
- June 26,2019
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- SUSTG Team
Saudi special forces, with assistance from the United States, have captured the leader of the Yemeni branch of the Islamic State militant group, according to the Saudi-led military coalition fighting in Yemen and reported in Reuters. The leader, Abu Osama al-Muhajer, as well as other members of the organization including its chief financial officer, were […]
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In Saudi Arabia, Pompeo Seeks ‘Global Coalition’ On Iran; Dines at Nobu Popup with Crown Prince
- June 25,2019
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- SUSTG Team
Secretary of State Mike Pompeo visited Saudi Arabia on Monday in the first stop of a trip to the Gulf region to build a “global coalition” on Iran and express support for the security of Saudi Arabia. Pompeo held two separate meetings with King Salman and Crown Prince Mohammed bin Salman, photos show. Pompeo called the United States and […]
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Future Investment Initiative 2022: Biden’s Ire Won’t Keep U.S. Executives From Big Saudi Summit
But those tough words don’t appear to have dissuaded Jamie Dimon and other leaders of corporate America from attending a Saudi-sponsored business conference — popularly known as Davos in the Desert — in Riyadh this month. Mr. Dimon, JPMorgan Chase’s chief executive, who is listed on the conference’s website as a featured speaker, is still expected to attend. So are Steve Schwarzman of the investment giant Blackstone, Ray Dalio of the hedge fund Bridgewater Associates and Michael Arthur, Boeing’s top international executive.
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Saudi Arabia defends OPEC for cutting oil production ahead of U.S. midterms
In a lengthy statement on social media attributed to Saudi Arabia's Foreign Ministry, it defended OPEC for the decision saying it was driven by economic conditions and not by politics in the United States or support for Russia.
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Analysis: Saudi oil power play bruises U.S. ties but won’t break them
Despite the testy exchanges, both sides face constraints in how to pressure each other in practice, according to interviews with analysts and experts in the Gulf. Washington will not want to do anything to risk the security of the kingdom's oil sector, any damage to which would send prices spiralling even higher and possibly drive Riyadh closer to China and Russia. For its part, Riyadh is aware it cannot easily diversify arms supplies for its military, which has been overwhelmingly equipped and trained by the United States ever since the two countries forged their mutually beneficial relationship in 1945.
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U.S.-Led Drone Fleet Starting To Come Together in Middle East
In February, Cooper announced a goal of having 100 unmanned surface vessels patrolling the Persian Gulf, Red Sea, and other regional waters by the end of summer 2023. The region is already home to the year-old Task Force 59, the Navy’s hub for experimenting with unmanned systems and artificial intelligence.
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Saudi Arabia Defied U.S. Warnings Ahead of OPEC+ Production Cut
Adel al Jubeir, Saudi minister of state for foreign affairs, said the kingdom is committed to ensuring oil-market stability and noted that OPEC+ had increased output through much of the year. He said global economic headwinds justified the decision to cut production. He blamed the Washington reaction on “the emotions that have to do with the upcoming elections,” in an interview that aired on Fox News on Sunday. “The idea that Saudi Arabia would do this to harm the U.S. or to be in any way politically involved is not correct at all.”
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U.S. President Biden re-evaluating relationship with Saudi after OPEC decision – official
President Joe Biden is re-evaluating the U.S. relationship with Saudi Arabia after OPEC+ announced last week it would cut oil production, White House national security spokesman John Kirby said on Tuesday. Biden is willing to work with Congress on the future of Saudi relations, Kirby added in an interview with CNN, after Democratic Senator Bob Menendez called for a freeze on cooperation with Saudi Arabia, including most arms sales.
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Thread by Col. David DesRoches: ‘There’s a marked elite and citizenry divide in the U.S. over the U.S.-Saudi relationship’
Most Americans view Saudis as (unworthy?) beneficiaries of incredible wealth who continue to prosper under a US-funded security umbrella while they pursue a barbaric system of government. Americans say “we GIVE them weapons,” not “we SELL them weapons”... Saudis, on the other hand, feel Americans don’t understand their security concerns and play fast and loose with vital Saudi interests. In the extreme, they see us as kittens who view the region as a big ball of yarn. They have to live with the consequences of US acts.
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Number of drilled but uncompleted U.S. wells continues to decline from record in 2020
Based on our latest Drilling Productivity Report (DPR), drilled but uncompleted wells (DUCs) in all U.S. DPR regions totaled an estimated 4,283 wells in August 2022, the least in any month since we started estimating DUCs in October 2013. The decline in DUCs in most major U.S. onshore oil- and natural gas-producing regions indicates that more wells are being completed and fewer new wells are being drilled.
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What OPEC’s 2 million-barrel cut could mean for U.S. gas prices
GasBuddy analyst Patrick De Haan tells Axios the U.S. gasoline price trajectory will differ regionally, with prices in the Gulf Coast, Southeast, Northeast and East Coast set to rise.
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U.S. delivers angry rebuke of massive OPEC+ production cut
It added that Biden had directed the Department of Energy to release another 10 million barrels from the Strategic Petroleum Reserve next month. “In light of today’s action, the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC’s control over energy prices,” the White House said.
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