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Saudi Aramco to Expand Huge Gas Plant as Global Demand Surges and Market Dynamics Shift
- April 2,2024
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- SUSTG Team
Saudi Aramco is moving ahead with plans to expand the Fadhili gas processing facility in the kingdom’s Eastern Province as part of its strategy to tap vast and under-developed gas resources within Saudi Arabia, according to a report in Bloomberg.
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Biden’s Oil Boom
- March 28,2024
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- SUSTG Team
Reuters reports that during the Biden administration not only has oil production hit record highs but energy company profits, dividends, drilling permits, jobs and energy exports are all up.
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PIF Increases Investment in Lucid
- March 27,2024
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- SUSTG Team
Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator.
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NYT Reports on Proposed $40B Saudi AI Investment
- March 20,2024
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- SUSTG Team
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
- March 19,2024
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- SUSTG Team
U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”
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Israel, Gaza, and a region with shifting power dynamics with columnist Hussein Ibish
- March 4,2024
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- SUSTG Team
In Episode 125, the hosts welcome veteran columnist and analyst Hussein Ibish onto The 966 for his third appearance on the program to unpack the implications of Israel’s brutal war in Gaza and the shifting regional and global power dynamics since October 7th.
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Khalid bin Musaed bin Saif bin Abdulaziz Al-Saif (1953-2024)
- February 23,2024
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- Richard Wilson
*A note from SUSTG’s President, Richard Wilson.* My friend, Khaled Al-Saif, a true Saudi patriot, passed away on February 18.
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Saudi Arabia Leads Arab Push for Palestinian State as Anger over Israel’s Brutality Mounts in East and West
- February 9,2024
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- SUSTG Team
Saudi Arabia is pushing for Arab states to take “a common position on how to end Israel’s war on Hamas as fears grow over its attacks on the refugee haven of Rafah — while increasing calls for an independent Palestinian state,” Bloomberg reports.
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U.S. Continues Campaign to Secure Critical Red Sea Trading Route with Terrorist Designation for Houthi Groups
- January 18,2024
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- SUSTG Team
The U.S. government on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups as Washington seeks to halt attacks on international shipping in the Red Sea, according to a report in Reuters.
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At Davos, Kingdom Pushes Diplomacy and PIF Talks 2024 Investment Strategy
- January 17,2024
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- SUSTG Team
Saudi Arabia’s strong presence at the World Economic Forum in Davos, Switzerland is emblematic of an increasingly confident Kingdom on the global stage, with top officials from both the government and Saudi Arabia’s Public Investment Fund on the ground to promote Saudi Arabia’s interests.
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MUST-READS
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Palestinians See U.S. Response to Gaza as Failure
In surveys conducted in July and August, Palestinians living in the West Bank and East Jerusalem were asked to what extent they agree that “the U.S. has made acceptable efforts to push for the safeguarding of civilians in Gaza.” Seven in 10 Palestinians surveyed (69%) strongly disagree, while 76% disagree overall. About one in 10 (11%) agree that the U.S. has done enough to protect civilians.
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Israel rejects U.S.-backed Lebanon ceasefire proposal
Israel rejected proposals on Thursday for a ceasefire with Hezbollah, defying allies including the United States which had called for an immediate three-week halt in fighting to allow for diplomacy to avert a wider war. "There will be no ceasefire in the north," Foreign Minister Israel Katz said on X. "We will continue to fight against the Hezbollah terrorist organization with all our strength until victory and the safe return of the residents of the north to their homes."
- Iraq touts deal with U.S. to withdraw most troops by 2026
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U.S.-Saudi Defense Cooperation: Next Steps
Even if an Israeli-Saudi normalization deal proves unattainable for now, Washington and Riyadh should still seek ways to enhance military and defense cooperation in order to advance common interests and prepare for future security challenges.
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U.S. and Iraq Try to Recast the Strategic Relationship
The U.S.-Iraq relationship has been undergoing re-evaluation over the past five years, since the March 2019 capture by U.S.-led forces of the Syrian town of Baghouz, the last bastion of physical control by the Islamic State (IS) organization’s “caliphate.” U.S. military personnel, who had been withdrawn from Iraq in 2011, were sent back into the country in 2014 to help destroy the group’s control over major portions of both Iraq and Syria. U.S. forces successfully helped Baghdad rebuild its beleaguered national forces that essentially collapsed at the hands of the IS offensive.
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Putin Thanks Saudi Prince for U.S.-Russia Prisoner Swap
Russian President Vladimir Putin thanked Saudi Crown Prince Mohammed bin Salman on Thursday for his role in the historic U.S.-Russia prisoner swap. American journalist Evan Gershkovich and U.S. marine Paul Wheelan returned home after being freed following the largest prison swap between the U.S. and Russia on August 1. Gershkovich and Whelan were accused of espionage by the Kremlin, a charge they and the U.S. government had consistently denied. "Saudi Arabia's Crown Prince played an active role in the initial stages of this work. We are very grateful to him, as it resulted in the return of our citizens to the homeland," Putin said at the Eastern Economic Forum.
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U.S. and Iraqi Commandos Targeted ISIS in Sprawling Operation
The joint operation in Anbar province came even as Iraq’s prime minister, Mohammed Shia al-Sudani, and Iraqi military commanders say they can keep the ISIS threat under control without U.S.-led assistance. Iraq and the United States are negotiating an agreement that would wind down the mission of the U.S.-led military coalition in Iraq. There are about 2,500 U.S. troops in Iraq and 900 in neighboring Syria.
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U.S.-Saudi Business Council Announces New CEO
Mr. Hallab is a long-standing member of the Board of Directors of the Council and the founder of Barrington Global, an international legal and strategic advisory firm focused on the intersection of law, business and policy between the Middle East and the West. Mr. Hallab previously served as Chair of the Middle East Practice at the global law firm of Mayer Brown and in multiple leadership roles both at Mayer Brown and at the international law firm of Baker McKenzie.
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How the U.S. used arms sales to shift Saudi behavior
Arms sales are a fickle tool in the toolbox of American foreign policy. The results are almost always a mixed bag for Washington. One historical study of arms sales and the Cold War, for instance, found that efforts to use weapons transfers to influence other countries “succeeded slightly less than half of the time.”
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U.S., Israel and Egypt meet on Gaza border security sticking point
Israeli Prime Minister Netanyahu's demand that Israel Defense Forces continue to be deployed along the Philadelphi corridor on the border of Egypt and Gaza has become one of the main — and final — points of contention on the way to a deal to release hostages being held by Hamas and establish a ceasefire in Gaza.
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