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With Tensions Soaring, Saudi Arabia Keeps Eyes on Cyber Threat from Iran
- January 8,2020
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- SUSTG Team
As tensions soar between the United States and Iran, Saudi officials are keeping close tabs on emerging cybersecurity threats that may be emanating from the Islamic Republic, according to a report.
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The Big Business of Riyadh Season: GEA Nets $270 Million from Entertainment Push
- December 19,2019
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- SUSTG Team
The chairman of the General Entertainment Authority (GEA) in Saudi Arabia said that the Kingdom’s “Riyadh Season” of events has generated more than SR1 billion ($270 million) for the GEA, according to Arab News.
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Global Construction Giant Bechtel Opens New Office in Al-Khobar, Saudi Arabia
- December 17,2019
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- SUSTG Team
Global engineering, procurement and construction (EPC) firm Bechtel has re-opened its office in Al-Khobar to “meet the increasing demand for quality services in the Oil and Gas sector in Saudi Arabia and in the region,” SUSTG has learned.
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Saudi Arabia’s Spending Cuts Could Reduce the Kingdom’s ‘Fiscal Vulnerabilities’ to Oil Price Fluctuation, IIF Says
- December 16,2019
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- SUSTG Team
Saudi Arabia will lower government spending in 2020 as the Kingdom’s economic and social reforms start to kick in. That could help reduce Saudi Arabia’s medium-term fiscal vulnerabilities to lower oil prices, the Institute of International Finance (IIF) said, and put Saudi on track for a balanced budget by 2023.
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A Look at Saudi Arabia’s 2020 Budget
- December 12,2019
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- SUSTG Team
This week, Saudi Arabia unveiled its 2020 budget, which signals an end to the expansionary trend of recent years, assumes lower oil prices than in 2019, and continues to invest in the economic diversification as outlined in the Kingdom’s Vision 2030 economic and social reform plans.
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Saudi Arabia Assumes G20 Presidency, Launches Promotional Video
- December 2,2019
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- SUSTG Team
Saudi Arabia has assumed the presidency of the Group of 20 nations (G20) for the year as it gears up to host the annual G20 meeting in Riyadh in 2020. The Kingdom launched a promotional video that has been widely shared on Twitter and other social platforms.
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Saudi Economy: Consistent Growth in Non-Oil Activity, Modest Overall Growth Forecasted for 2020 — Jadwa Investment
- November 27,2019
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- SUSTG Team
Jadwa Investment has revised downward its forecast for economic growth in Saudi Arabia this year from 1.6% to 0.2% based on recent data, the Riyadh-based firm said in a recently-released report.
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Saudi Arabia Gears Up to Host G20 Summit; Saudi FM Travels to Japan for Ceremony
- November 22,2019
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- SUSTG Team
Saudi Arabia is making major preparations to host the annual gathering of the leaders of the Group of 20 (G20) nations next year in Riyadh, the 15th meeting of the group that is set to thrust the city into the global spotlight. The meeting will be held on November 21–22, 2020, and will be chaired […]
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Saudi Authorities Direct Vision 2030 Realization Committees to Submit Plans to Boost Private Sector Funding
- November 19,2019
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- SUSTG Team
Saudi authorities have directed all the Vision 2030 Realization Program (VRP) Committees to submit an action plan within 90 days to CEDA to “activate the role of the private sector as an investor and a financing element in implementing its initiatives,” a report in the Saudi Gazette/OKAZ said. According to the report, action plans submitted by […]
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Peace Agreements, Reports of Talks a Positive Sign for Yemen’s Ongoing War
- November 13,2019
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- SUSTG Team
Recent agreements and reports of indirect talks between warring sides in Yemen’s ongoing civil war indicate a trend toward bringing an end to the four year old conflict fought to restore the U.N.-recognized Hadi government to power after it was overthrown by Iran-backed Houthi rebels. Last week, Yemen’s Saudi-backed government signed an agreement with southern separatists on […]
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Syria’s rebuilding is bringing US partners Turkey and Saudi Arabia closer together
Since Turkey ended a period of sharp tensions with several Gulf countries in 2021, Ankara has improved relations with all the countries in the region, and ties between Turkey and Saudi Arabia in particular have significantly improved. Ankara and Riyadh have put aside their past disputes and deepened their strategic relations. Now, the rebuilding of post-Assad Syria offers an opportunity for Turkey and Saudi Arabia to deepen their relations further. After becoming Syria’s new de facto leader, Ahmad al-Sharaa visited Saudi Arabia and Turkey for his first two visits abroad. This is a testament to the important role both countries are expected to play in the new Syria. Sharaa is likely attempting to show the new Syrian leadership’s intent to distance itself from Iran and attract the Saudi financial investment that Syria desperately needs.
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Saudi crown prince invites leaders of GCC, Jordan, Egypt for informal meeting in Riyadh
Saudi Crown Prince Mohammed bin Salman has invited the leaders of Gulf Cooperation Council countries, Jordan, and Egypt for a meeting in Riyadh on Friday, an official source stated on Thursday. The informal gathering follows similar meetings that have been held periodically for many years between the leaders of GCC countries, Jordan, and Egypt, enhancing cooperation and coordination. “Joint Arab action and any relevant decisions will be included in the agenda of the upcoming Extraordinary Arab Summit, which will be held in Egypt” on March 4, the source added.
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Why Is Saudi Arabia Seeking To Mediate A Deal Between U.S. And Iran?
“Riyadh is looking for a way to address concerns around Iran's nuclear program, as well as its regional activities and its support for proxies,” says Gregory Brew, senior analyst at the U.S.-based Eurasia Group. “Given Riyadh's interest in avoiding an escalation in the Gulf, it probably sees diplomacy as a more effective means of addressing these issues, rather than military action,” he added. “Saudi Arabia's willingness to moderate between Tehran and Washington was not borne of a political vacuum,” said Behnam Taleblu, senior director of the Iran Program at the Washington-based Foundation for Defense of Democracies (FDD). “By stylistically accommodating Tehran through diplomatic normalization but substantively remaining in the Western orbit, Riyadh is hoping to insulate itself from being the place where a larger regional conflict involving Iran is adjudicated.”
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Prospect of Russia-US deal raises alarm in Iran’s pro-reform camp
In Iran, pro-reform and moderate media are expressing deep concern about the Saudi-brokered talks between Russia and the US. Many fear that Iran could become a bargaining chip in a potential deal between Moscow and Washington, with Tehran’s interests sidelined in favor of broader geopolitical agreements.
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Russia’s Putin holds phone call with Saudi Arabia’s Crown Prince
Russia’s President Vladimir Putin held a phone call with Saudi Crown Prince Mohammed bin Salman on Thursday, the Kremlin said. Putin said the two countries will continue to work within the OPEC+ framework to maintain stability in the global oil market. Putin also expressed his gratitude for organizing the Russia-US negotiations that took place in the Saudi capital Riyadh on Tuesday.
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Reconstruction and rivalries: What to expect from Saudi Arabia’s Gaza summit
Saudi Arabia’s Crown Prince Mohammed bin Salman is expected to host leaders from Egypt, Jordan, Qatar, and the United Arab Emirates in Riyadh on Friday to discuss the Egyptian proposal. Just because Trump has warmed up to an Arab post-war plan for Gaza and is keen on Gulf cash does not mean the crown prince and his counterparts have it easy. The Egyptian plan, which has now been widely reported, calls, unsurprisingly, for Palestinians to stay in the Gaza Strip. They would live in mobile housing while debris is cleared away and reconstruction begins. The main sticking point is who will pay for reconstruction and temporary housing. Analysts and diplomats have speculated that Trump’s call for the US to take over the enclave without paying for it was a ploy to get oil-rich Gulf states to foot the bill. More than $50bn will be required to rebuild Gaza, a joint assessment provided by the United Nations, European Union and World Bank on Tuesday said. At least $20bn will be required in the first three years. Asked in an interview in January if Saudi Arabia would fund Gaza’s reconstruction, Prince Khalid bin Bandar bin Sultan Al Saud, Saudi Arabia’s ambassador to the UK, said: “To reconstruct a Palestinian state, yes. To reconstruct a territory that the Israelis might destroy again in a matter of years, I don’t think that would be a sensible thing to do.”
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Hamas says it is investigating possible error over hostage body
Hamas said on Friday it was investigating a possible error in identifying human remains handed to Israel under a ceasefire deal as Prime Minister Benjamin Netanyahu threatened retaliation for failing to release the body of hostage Shiri Bibas. Hamas was due to hand over the bodies of Shiri Bibas and her two sons Kfir and Ariel on Thursday, along with the remains of a fourth hostage under the ceasefire deal that has halted fighting in Gaza since last month. Four bodies were delivered and the identities of the Bibas boys and the fourth hostage, Oded Lifshitz, were confirmed. But Israeli specialists said the fourth body was that of an unidentified woman and not Bibas, who was kidnapped along with her sons and her husband, Yarden, during the Hamas attack on Israel on October 7, 2023.
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Arab states scramble to counter Trump’s Gaza ‘Riviera’ plan
Arab states who were swift to reject President Donald Trump's plan for the U.S. to take control of Gaza and resettle its Palestinians are scrambling to agree on a diplomatic offensive to counter the idea, five sources told Reuters. Trump's plan, announced on February 4 during a fragile ceasefire between Israel and Hamas in Gaza, has infuriated the Palestinians and Arab countries and upended decades of U.S. diplomacy focused on a two-state solution. But Arab states trying to devise an alternative plan have yet to tackle critical issues like who will foot the bill for Gaza's reconstruction -- estimated by the U.N. at more than $50 billion -- or how the Strip will be governed, according to sources familiar with diplomatic discussions ahead of the meeting. The people spoke on condition of anonymity because they were not authorised to speak to the media. Leaders of Gulf Arab countries plus Egypt and Jordan are due to meet later on Friday in Riyadh for what Saudi Arabia said would be an unofficial meeting within the framework of "close brotherly relations".
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Tiger Woods joins another White House meeting as PGA Tour moves closer to Saudi deal
Tiger Woods joined PGA Tour Commissioner Jay Monahan and player director Adam Scott in a second White House meeting Thursday with President Donald Trump, another sign the sport is moving rapidly toward ending the division brought on by Saudi-funded LIV Golf. Yasir Al-Rumayyan, governor of the Public Investment Fund of Saudi Arabia and the financial muscle behind the rival league, also was part of the meeting. The tour said it would share more details when appropriate, adding: “We are committed to moving as quickly as possible.” “We share a passion for the game and the importance of reunification,” the statement said. “Most importantly, we all want the best players in the world playing together more often and are committed to doing all we can to deliver that outcome for our fans.”
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Chess: Carlsen wins again as he qualifies for the $1.5m Saudi Esports World Cup
Magnus Carlsen’s dominance of online chess has continued this week as the world No 1 is in pole position for the concluding stages of the Chessable Masters, the first leg of the annual Champions Tour which the Norwegian has won every year since it was launched in 2020. For 2025, the tour is also a qualifier for the Esports World Cup at Riyadh, Saudi Arabia, in July-August, where the chess prize fund will be $1.5m.
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