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Saudi Non-Oil Private Sector Continues Solid Growth in March – Survey
- April 5,2022
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- SUSTG Team
Saudi Arabia’s non-oil private sector “kept up its solid pace of growth in March as output expanded at the fastest rate in over four years,” a survey showed on Tuesday.
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Recovering Saudi Economy Sees Unemployment Among Saudi Nationals Lowest Since 2009
- March 30,2022
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- SUSTG Team
Saudi Arabia’s booming economy is translating to a strong job market in the Kingdom both for expats and citizens alike, according to a report in Bloomberg, which cited latest data from the kingdom’s General Authority for Statistics.
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US to Ban Russian Oil Imports over Ukraine Invasion; Report Says Biden Team Considering Saudi Visit
- March 8,2022
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- SUSTG Team
President Joe Biden will announce a ban on the U.S. import of Russian energy, in the latest effort to ratchet up sanctions over Russia’s invasion of Ukraine, according to reports.
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NEOM Emerges as Most Desired Real Estate Destination for Saudis — Report
- February 24,2022
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- SUSTG Team
Saudi Arabia’s forthcoming new megacity NEOM on the Red Sea coast has been named as the most preferred location to buy a home by the kingdom’s homeowners, first-time buyers and high-net-worth-individuals (HNWI), according to Knight Frank’s annual 2022 Saudi Residential Survey.
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President Biden, King Salman Speak by Phone; Biden Emphasizes U.S. Support for Saudi Security
- February 10,2022
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- SUSTG Team
President Joseph R. Biden, Jr. spoke with Saudi Arabia’s King Salman to discuss “regional developments and issues of mutual concern, including Iranian-enabled attacks by the Houthis against civilian targets in Saudi Arabia,” the White House said in a statement.
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Top Biden Officials Meet with Saudi Ambassador Reema bint Bandar to Discuss Response to Houthi Attacks on Civilians
- January 25,2022
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- SUSTG Team
The United States has discussed with Gulf allies including Saudi Arabia and the United Arab Emirates to hold Yemen’s Houthi group accountable after the Iranian-backed fighters attacked the UAE for the second time in a week, the White House said.
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Saudi-backed Coalition Ramps Up Fighting in Yemen; Forces Re-Take Shabwa Province
- January 11,2022
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- SUSTG Team
Forces of Yemen’s Saudi-backed, internationally recognized government in Yemen have reclaimed the entire southern province of Shabwa from Iran-backed Houthi rebels, the AP reports, citing officials. Government forces and Houthi rebels have been locked for months in a fierce battle in northern Yemen, with heavy fighting in the oil and gas rich Marib and Shabwa provinces.
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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
- December 21,2021
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- SUSTG Team
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej. Per Reuters: “The kingdom’s 22 airports […]
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MBS’s GCC Tour, PIF’s Latest Telecom Moves, and Saudi Arabia’s ‘Ever More Ambitious Investment Strategy’ with Guest Co-Host Robert Mogielnicki from AGSIW
- December 10,2021
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- SUSTG Team
This week, The 966 welcomes guest co-host Robert Mogielnicki from the Arab Gulf States Institute in Washington (AGSIW) and Adjunct Assistant Professor at Georgetown University. The hosts discuss the changed working week in the UAE and discuss why visiting Saudi Arabia is the best way to understand what’s going on in the country. Then, the hosts […]
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After Hosting France’s Macron for Talks, Crown Prince MBS Attends First Ever Saudi Grand Prix
- December 6,2021
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- SUSTG Team
It was a busy weekend for Saudi Arabia’s Crown Prince Mohammed bin Salman ahead of a planned regional trip to neighboring Gulf countries. The crown prince hosted France’s President Emmanuel Macron in Jeddah for diplomatic and trade talks at the Al-Salam palace in Jeddah on Saturday. Macron landed in Jeddah after visits to the United Arab Emirates and […]
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MUST-READS
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U.S. Strategy and the Real Lessons of the War in Ukraine: From Cooperation with Russia and China to Lasting Confrontation
For all the talk of resuming the Cold War, the reality is radically different. The United States and its strategic partners now confront two superpowers – not just one – and powers that pose both a global as well as a regional challenge. A rising China is also becoming the most serious threat. It is becoming a serious nuclear power, it is modernizing its conventional forces far more quickly than Russia, and it is a growing technological rival to the U.S. and its partners. Its Belt and Road Initiative (BRI) as well as its global trade and investment efforts are also a far more effective method to use its civil-economic power to win strategic influence.
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Saudi Aramco JV to build refinery and petrochemical complex in China
Called Huajin Aramco Petrochemical Company (HAPCO), the JV includes North Huajin Chemical Industries Group, and Panjin Xincheng Industrial Group. HAPCO will be responsible for building the integrated liquids-to-chemicals complex. To be built in Panjin City, of the Liaoning province, the refinery and petrochemical project will receive crude oil feedstock of up to 210,000 barrels per day from Aramco.
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Saudi Aramco makes FID on Panjin liquids-to-chemicals complex in China: company
Saudi Aramco has decided to move forward with a 300,000 b/d oil refinery and petrochemical project in northeast China, the company announced March 10, further cementing its commercial ties in Asia's largest economy.
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Terrorism, Nuclear Weapons, China Viewed as Top U.S. Threats
Specifically, 82% of U.S. adults identify cyberterrorism as a critical threat, while 71% say the same about international terrorism and 68% about domestic terrorism. More than three-quarters each believe Iran's and North Korea's development of nuclear weapons is a serious threat to the U.S. Two-thirds say the same about Chinese military power, while 57% identify China's economic power as a threat.
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India along with China and UAE abstain from US-backed UNSC resolution condemning Russia
India did not formally condemn Soviet intervention in Hungary in 1956, Czechoslovakia 1968, Afghanistan 1979 or Crimea in 2014. What was also being weighed by India is the fact that Ukraine was one of those countries that vehemently opposed India’s nuclear tests in 1998 and had condemned India’s actions at the UN. Ukraine had also voted in favour of UN Resolution 1172 that had condemned the nuclear tests conducted by India.
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China continues inroads in Middle East with plane sale to UAE
The L15 jet is also known as the L15 Falcon, or the Hongdu JL-10. It is a relatively lightweight military aircraft that is designed for training purposes.
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Saudi Aramco in talks on more investments in China
"China is an important part of Aramco's base," Nasser told reporters on the sidelines of a conference in Saudi Arabia. "And we are currently in discussions with a number of our partners in China for more investment," he said, declining to disclose the nature or size of potential investments. Nasser said last year that Aramco expects opportunities for further investment in downstream projects in China - the world's biggest importer of crude oil - to help the country meet its needs for heavy transport and chemicals, as well as lubricants and non-metallic materials.
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Interview: Alpine skier Abdi explores cooperation potentials between Saudi Arabia and China to promote winter sports
Alpine skier Fayik Abdi has explored cooperation potential between Saudi Arabia and China to promote winter sports. Abdi represented Saudi Arabia at the 2022 Winter Olympics in Beijing, becoming the first-ever in Saudi Arabia to qualify to take part in the Olympic Winter Games.
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Growing China-Gulf Economic Relations Have Limits
While the visits reflect the growing and multifaceted nature of China’s engagement with the region, they shouldn’t be confused for an inflection point in China-Gulf ties. There are boundaries and limits to this growth trajectory and longer-term alignment in economic development aims.
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Why some Iranians fear China ditched them for Saudi Arabia
Tehran was included in China’s Belt and Road initiative last year, a 25-year agreement paving the way for Chinese investment in Iran, and authorities are working on a similar agreement with Russia. But when CNN revealed in December that US intelligence officials had been briefed on large transfers of missile technology from Beijing to Riyadh, it was hard not to see the news as a setback for the hardline camp.
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