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U.S. Merchandise Exports to MENA Slowing, But Still Record-Breaking in 2014, NUSACC Finds
- February 6,2015
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- SUSTG Team
A recently released study of government data by the National U.S.-Arab Chamber of Commerce (NUSACC) found another record-breaking year for American exports to the MENA region, but growth slowed in 2014 in what the organization called mixed results. NUSACC: “Exports of U.S. goods to the Middle East and North Africa (MENA) region set a new […]
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Sfakianakis: Passing of King Abdullah and Advent of King Salman a ‘Time of Continuity’ in Oil Policy
- January 27,2015
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- SUSTG Team
Writing in MEES, a Middle East oil and gas weekly magazine, Saudi finance expert Dr. John Sfakianakis says that the transfer of power from King Abdullah to King Salman is likely to represent a continuation of Saudi oil policy, particularly with respect to production levels. “The passing of King Abdullah and the advent of King Salman […]
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The Death of King Abdullah and the Future of Saudi Arabia: 5 Storylines to Watch This Week
- January 26,2015
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- Lucien Zeigler
The passing of Saudi Arabia’s King Abdullah in the early morning on Friday, January 23rd is a major event in the Kingdom’s history. The impact of the King’s reign on current and future generations will be lasting, and his death has drawn global attention to the Kingdom as the country moves forward with new leadership. […]
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An Outpouring of Grief from Saudis on Social Media as Heads of State Arrive for Funeral of the Late King Abdullah
- January 23,2015
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- SUSTG Team
Saudi Arabia’s citizens took to social media to express their grief and sadness at the death of King Abdullah bin Abdulaziz al Saud as heads of state arrived in Riyadh to attend services and express solidarity with the leaders and people of the Kingdom. At the time of this writing, the hashtag #KingAbdullah is the […]
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Spain’s Abengoa and AWT to Develop the World’s First Solar-Powered Desalination Plant in Saudi Arabia
- January 21,2015
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- SUSTG Team
[Press Release] Spain’s Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been selected by Advanced Water Technology (AWT) to jointly develop the world’s first large-scale desalination plant to be powered by solar energy, in Saudi Arabia. AWT is a newly formed company […]
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Jadwa Investment: Central Department of Statistics Finds 2014 inflation rate was 2.7%, Down from 3.5% in 2013
- January 19,2015
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- SUSTG Team
According to a recently released note by Jadwa Investment, a leading Saudi investment firm, inflation in the Kingdom was down in 2014 to 2.7% on average, and found a deceleration in prices to 2.4% year-on-year. Jadwa’s Head of Research Dr. Fahad Alturki wrote in an investor note: “The Central Department of Statistics and Information (CDSI) has […]
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U.S. Delegation Led by Senator John McCain Visits Saudi Arabia to Discuss Military Cooperation Efforts Against Daesh, Training of Moderate Rebels
- January 19,2015
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- SUSTG Team
U.S. Senate Republican John McCain and a delegation of Senate Armed Services Committee members visited Saudi Arabia on Saturday as part of a broad tour of the region to discuss American-Saudi joint efforts to back moderate Syrian rebels in that country’s 4-year old civil war. According to the Guardian, McCain and the Senate Armed Services […]
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Jadwa Investment: ‘The economy will continue performing strongly in 2015, albeit at a slower pace’
- January 11,2015
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- SUSTG Team
Jadwa Investment’s just-released report on the Saudi economy in 2015 expects growth at a “slower pace” than previous years and “a narrowing current account surplus and a larger than-budgeted fiscal deficit.” The report, which examines the potential of various sectors within the Saudi economy and the impact of oil prices on growth in 2015, projects economic growth […]
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The fundamentals of the oil price slide: where’s the bottom and is Saudi Arabia still a swing producer?
- January 6,2015
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- SUSTG Team
With a precipitous slide in the price of oil to less than half its July 2014 highs, markets around the world are watching Saudi Arabia closely as they try to figure out where the bottom might be for oil prices. But given its low extraction costs, significant capital investment in production infrastructure and large capital reserves, […]
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Saudi Arabia’s 2015 Budget: A Message of Confidence and Focus on Human Capital – John Sfakianakis
- January 5,2015
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- SUSTG Team
Saudi Arabia’s 2015 budget has captured attention as a counter-cyclical fiscal policy to spend heavily despite a projected deficit on the back of falling oil prices. SUSTG’s President Richard Wilson sat down with Dr. John Sfakianakis, Regional Director for the GCC at Ashmore Group, for a wide-ranging interview to discuss issues affecting the Saudi economy. The discussion […]
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IranIran arrested 7,000 in crackdown on dissent during 2018 – Amnesty
Those swept up by the crackdown included protesters, students, lawyers, journalists, environmental and women's rights activists, and trade unionists.
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Saudi EconomySlowdown in China won’t severely impact Saudi oil: Saudi Arabian finance minister: Video
Saudi Arabia’s Finance Minister Mohammed Al-Jadaan discusses the kingdom’s fiscal strategy, the oil market, and the Chinese economy.
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Total-AramcoFrench Total To Enter Saudi Downstream Business
[L]ocal ventures could be making headlines again very soon. In the last couple of days, news has popped up that Aramco and French oil major Total, through its Satorp joint-venture, Sumitomo Mitsui Banking Corporation and Riyad Bank to help raise funds to develop a petrochemical facility in the kingdom.
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LebanonDivisions overshadow Lebanon’s Arab summit as few leaders come to Beirut
Divisions among Arab states over Syria, and internal Lebanese disputes, have overshadowed a summit to be held in Beirut this weekend, with several leaders who had planned to come now staying away.
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Oil PricesOil prices rise, but global slowdown looms
Oil prices rose more than 1 percent on Tuesday after tumbling the previous session, although a darkening economic outlook may soon weigh on growth in fuel demand.
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U.S. CongressDemocratic senators block Middle East bill over shutdown
The vote -- the first roll call of the new session -- came on a package of bipartisan bills related to US support for Israel and Jordan and new sanctions against the Syrian regime. Needing 60 votes to break a filibuster, the motion was defeated 56-44
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Illegal WorkersSaudi arrests over 2.3 million in continuing crackdown on illegal workers, residents
Among the 2,376,215 people arrested, over 1.8 million violated residency regulations, 364,636 flouted labour laws and 165,327 were caught for border violations.
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Janadriyah FestivalVisitors wander down memory lane at Janadriyah festival
Through the tour, visitors can get a comprehensive glimpse into the culture, customs, diverse history and dramatic landscapes defining the country’s 13 provinces. Folklore and traditional musical renditions specific to each region are performed in the backdrop.
- Arabian Business - In pictures: Annual Janadriyah Festival for heritage and culture in Riyadh
- Arab News - A look at Saudi Arabia's 33rd Al-Janadriyah Festival
- About Her - 20 Photos That Show What the Saudi Annual Janadriyah Festival Is All About
- Saudi Aramco - Company focuses Kingdom’s young eyes on traffic safety
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SudanProtesters call on Sudan’s President Bashir to step down
Protesters have gathered in the Sudanese city of Omdurman to call for an end to the nearly 30-year rule of President Omar al-Bashir. The BBC's Mohamed Osman says security forces have used tear gas against some of the 300 or so demonstrators there.
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Saudi AramcoSaudi Aramco sets up fuel retail subsidiary as part of downstream business push
The move is part of Aramco’s overall strategy of further enhancing its crude production, increase its refining capacity and invest in its consumer-facing business.
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