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$1.4b in Defense Contracts Approved by State Department as Senate Eyes Debate
- June 6,2017
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- SUSTG Team
The U.S. State Department has approved the potential sale of more than $1.4 billion worth of military training and equipment for Saudi Arabia, the Pentagon said on Monday, the first fraction of a $110 billion arms deal U.S. President Donald Trump agreed to with Saudi Arabia when he visited in May. The announcement by the State […]
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New Life for the 15 Year Old Abdullah Arab Peace Initiative?
- May 24,2017
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- SUSTG Team
At a summit in Beirut in March 2002, then-Saudi Crown Prince Abdullah unveiled an initiative to achieve peace between Israelis and Palestianians. The Arab Peace Initiative set out a comprehensive proposal calling for full Israeli withdrawal from all the Arab territories occupied since June 1967, Israel’s acceptance of an independent Palestinian state with East Jerusalem as […]
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Counting The US-Saudi Deals: A Look at What We Know So Far following President Trump’s Visit to Saudi Arabia
- May 23,2017
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- SUSTG Team
Bloomberg and naturalgasintel.com feature a thorough rundown of all of the deals that were announced during the recent visit by President Donald Trump to Saudi Arabia. While the total remains unknown, the deals are estimated to be valued between $300 and $400 billion. Aerospace, Arms and Defense – $110 billion U.S. Department of Defense and Saudi […]
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Following President Trump’s Visit, U.S.-Saudi Business and Diplomatic Ties Reach New Heights
- May 22,2017
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- SUSTG Team
The two-day visit by President Trump and top members of his family and staff to Riyadh, Saudi Arabia marks a new height in the history of U.S.-Saudi diplomatic and business relations as the warm Saudi embrace of President Trump was on full display in the Kingdom. President Trump’s visit amounted to a bonanza for large, established American companies […]
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Flurry of Business Activity in Riyadh as SoftBank To Launch $100 billion Fund during President Trump’s Visit, One of Many Deals Slated for Busy Weekend
- May 19,2017
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- SUSTG Team
Japan’s richest man and Softbank CEO Masayoshi Son will travel to Saudi Arabia and announce the close of the first fundraising round for what will be the world’s biggest private equity fund, backed by Saudi Arabia’s sovereign wealth fund and Apple Inc., according to a Reuters report. The expected launch of the $100 billion Vision Fund […]
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Overview of Saudi Arabia’s Drive Toward Privatization
- May 17,2017
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- SUSTG Team
Saudi Arabia’s push toward privatization is a key component of the government’s ambitious Vision 2030 economic and social reform program, and necessary for the Kingdom’s goals of diversifying its economy away from petroleum revenue dependency. The news service Reuters provides a “factbox” list of Saudi Arabia’s sectors that are making progress toward privatization, and encouraging […]
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Riyadh Summit 2017: Website Launched for Upcoming Events Connected to President Trump’s Visit to Saudi Arabia
- May 16,2017
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- SUSTG Team
A website has been launched detailing the events connected to the arrival of President Donald Trump to Riyadh, Saudi Arabia, his first visit abroad as President. The ‘Riyadh Summit 17′ is a series of events over two days to highlight U.S.-Saudi and Islamic relations. The website URL is https://www.riyadhsummit2017.org/. “The Kingdom of Saudi Arabia welcomes President […]
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U.S., Saudis in Talks for New Defense Deals Worth Billions Ahead of Trump’s Visit, Sources Tell Reuters
- May 8,2017
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- SUSTG Team
Washington and Riyadh are working to boost military sales from the U.S. to Saudi Arabia for new and existing contracts worth “tens of billions of dollars” ahead of U.S. President Donald Trump’s trip to the kingdom this month, Reuters reports, citing several sources familiar with the talks. According to Reuters, “as planning for Trump’s trip to Saudi […]
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Plans Move Ahead for Saudi Arabia’s ‘Fannie Mae’ Mortgage-Refinancing Firm
- May 4,2017
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- SUSTG Team
Saudi Arabia’s first mortgage-refinancing firm has started approaching banks to buy their mortgage portfolios as the state tries to boost lending for homes, Bloomberg reports. In 2015, Bloomberg and Reuters reported on Saudi Arabia’s plans to work with the Boston Consulting Group to help start a state-owned mortgage firm similar to the U.S.’s Fannie Mae and […]
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‘Frankly, Saudi Arabia has Not Treated Us Fairly’, Trump Threatens Reset with Old Election Talking Point
- April 28,2017
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- SUSTG Team
After the visit of Deputy Crown Prince Mohammed bin Salman to the White House last month, a top advisor to the prince released a statement praising “a historical turning point” in U.S.-Saudi relations. The unnamed advisor said that during President Obama, U.S.-Saudi relations underwent “a period of difference of opinion” but that after meeting with President […]
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MUST-READS
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U.S. Approval Ratings Retreat After Afghanistan Withdrawal
After a strong rebound during President Joe Biden's first six months in office, approval ratings of U.S. leadership around the world slipped in the second half of the year, coinciding with the U.S. withdrawal from Afghanistan.
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U.S. Steals OPEC+ Thunder With Historic Emergency Oil Stock Release
Russia is the world’s third-largest oil producer after the United States and Saudi Arabia and the largest exporter, accounting for roughly 12% of global trade, according to the IEA. It exports around 5 mb/d of crude oil, of which 60% goes to Europe and another 20% to China. Exports of refined products occupy an even larger space, accounting for 15% of global refined product trade, including diesel, a fuel used in industry and agriculture.
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Politics, not substance, seen guiding U.S. and Iran on terror listing
"It's the administration-wide assessment that it would not have a significant – if any – impact," said a senior U.S. official on condition of anonymity. This is in part because the IRGC would remain sanctioned as a "specially designated global terrorist" (SDGT) on a separate U.S. blacklist list created after the Sept. 11, 2001, attacks.
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Climate Change Proposals Favored by Solid Majorities in U.S.
Americans widely favor each of six proposals designed to limit greenhouse gas emissions that contribute to climate change. Support ranges from 59% in favor of spending federal money for building more electric vehicle charging stations in the U.S. up to 89% for providing tax credits to Americans who install clean energy systems in their homes.
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Iran Says Nuclear Deal in ‘E.R.’ Hanging on U.S. Decision
Iran said the 2015 nuclear deal is alive but lingering in the “emergency room,” with its fate resting on a decision by the U.S. that could lift sanctions on Tehran’s economy and oil exports. Saeed Khatibzadeh, Iran’s foreign ministry spokesman, told reporters the Islamic Republic had finalized all the details needed to revive the landmark accord with other world powers involved in stalled negotiations in Vienna.
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Lucid Group: Highest Credit Rating Amongst U.S. Carmakers
Lucid has a clear-cut path to emulate Tesla’s long-term growth, but trades at a paltry 3.8% of Tesla’s current market cap.
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U.S. Power and Influence in the Middle East: Part Five
You went to Iraq with goals of democratization and then left it to Iran. That raised a lot of questions about the credibility of U.S. foreign policy, especially as a superpower. Those question marks have harmed America a lot.
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Oil Slumps as U.S. Weighs Reserves Release to Combat Inflation
The U.S. could release as much as 180 million barrels from its reserves, the people said, providing relief to a market that’s dangerously tight due to the war in Europe. The invasion has fanned inflation and led to wild volatility across commodity markets, with global benchmark Brent crude set for the widest trading range on record this month.
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Oil Slumps as U.S. Weighs Reserves Release to Combat Inflation
West Texas Intermediate futures fell more than 4% to trade near $103 a barrel, trimming a fourth monthly gain. The U.S. is considering a release of roughly 1 million barrels of oil a day for several months, said people familiar with the matter. The news comes ahead of an OPEC+ meeting Thursday and follows calls by Saudi Arabia for the U.S. to trust its strategy of managing the market.
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U.S. trial begins for member of Islamic State ‘Beatles’ cell
Elsheikh was one of four ISIS militants belonging to the four-member Islamic State cell. The cell garnered international attention after releasing videos of the murders of U.S. journalists James Foley and Steven Sotloff and aid workers Kayla Mueller and Peter Kassig, among other victims.
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