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U.S.-Saudi Investment Forum Opens in Washington, D.C. with Panel of Ministers and High-Level Government Officials
- September 4,2015
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- SUSTG Team
The U.S.-Saudi Investment Forum opened today in Washington, D.C. with a panel of high level ministers and officials to discuss the investment climate in Saudi Arabia. The event opened with a keynote by Abdullatif al-Othman, Governor and Chairman of the Saudi Arabia General Investment Authority (SAGIA), the primary organizer of the event alongside the Council […]
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King Salman’s Visit to Washington and Strengthening U.S.-Saudi Business Ties
- September 3,2015
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- SUSTG Team
In an op-ed today in Al Arabiya, Patrick Ryan of SUSRIS notes that while geopolitical issues are making headlines in advance of King Salman’s first visit to Washington as King, “no less visible will be the importance of the historic business relationship between the kingdom and America as demonstrated by an expected high-powered, day-long investment […]
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King Salman’s Visit to United States Follows Years of U.S.-Saudi Bi-Lateral Diplomacy
- August 27,2015
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- SUSTG Team
Saudi Arabia’s King Salman is set to meet with President Obama on September 4, 2015, the first visit by a Saudi head of state since King Abdullah in September of 2010. This is the second time President Obama and King Salman will meet in person this year and follows a busy 2015 for bi-lateral meetings between the […]
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Saudi-led coalition pounds key Yemen port as violence escalates on both sides of the border
- August 18,2015
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- SUSTG Team
Saudi-led coalition warplanes pounded a key supply city for the Houthi forces in Yemen as the Hadi-backed fighters continue to rely on recently introduced military equipment to make gains in the ongoing conflict. Warplanes hit the Houthi-controlled Red Sea port of Hodeida on Tuesday, destroying cranes and warehouses in the main entry point for aid supplies […]
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U.S. State Department OKs Sale of 600 Patriot Missiles, Ammunition and Arms to Saudi Arabia
- July 30,2015
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- SUSTG Team
The U.S. State Department today approved the sale of 600 patriot missiles to Saudi Arabia at a cost of $5.3 billion, according to reports. The additional additional PAC-3 missiles for Saudi Arabia will be built by Lockheed Martin Corp. “The Kingdom of Saudi Arabia has requested a possible sale of six hundred (600) Patriot Advanced Capability-3 […]
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Is SABIC Looking to Invest in U.S. Shale?
- July 27,2015
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- SUSTG Team
SABIC CEO Yousef al Benyan said the company is looking to expand its interests in U.S. shale gas through joint venture projects, according to a report in Bloomberg. SABIC has signed an agreement with Houston, Texas-based Enterprise Products Partners L.P. to get shale gas, according to the report, to be used in the United States or […]
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In Saudi Arabia, Carter Says Saudi Arabia Supports Iran Deal; King Salman to Visit U.S. in Fall
- July 23,2015
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- SUSTG Team
Following a meeting in Jeddah with HRH King Salman and Deputy Crown Prince and Minister of Defense Prince Mohammed bin Salman, U.S. Defense Secretary Ash Carter said the King and Prince expressed “their support for the Iranian nuclear deal, albeit with a couple reservations about how the deal would be implemented,” according to the Wall Street Journal. According […]
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Defense Secretary Ash Carter in Saudi Arabia to Meet with King Salman, Deputy Crown Prince Mohammed bin Salman
- July 22,2015
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- SUSTG Team
Secretary of Defense Ash Carter met today with King Salman and his defense minister, Deputy Crown Prince Mohammed bin Salman, in Jeddah on the Red Sea coast to reassure Saudi Arabia about U.S. commitment to their security. Secretary Carter is also slated to meet with GCC military officials, per remarks made by Saudi Foreign Minister Adel Al-Jubeir […]
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Saudi Arabia Prepares Female Faculty Members For Online Education
- July 21,2015
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- SUSTG Team
The Open Education Consortium today announced a partnership with the National e-Learning Center of Saudi Arabia to offer a year-long, comprehensive eLearning Pioneers Program. The core of the program is built on the principles of online learning in the U.S. to prepare female faculty and university leaders with skills in online and blending learning. With […]
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U.S. Secretary of Defense Ash Carter to Visit Saudi Arabia Next Week to Push Benefits of Iran Deal
- July 16,2015
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- SUSTG Team
U.S. Defense Secretary Ash Carter will travel to Saudi Arabia as part of the Obama administration’s efforts to convince skeptical allies in the region about the benefits of the Iran nuclear deal, National Security Adviser Susan Rice told Reuters in an exclusive interview on Wednesday. Carter’s trip had not been announced previously. Although Saudi Arabia […]
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MUST-READS
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Biggest U.S. Retailers Charter Private Cargo Ships to Sail Around Port Delays
Port delays, Covid-19 outbreaks and worker shortages have snarled the flow of products between Asia and North America, threatening the supplies of everything from holiday decorations and toys to appliances and furniture. It is taking roughly 80 days to transport goods across the Pacific, or twice as long as before the pandemic, retail and shipping executives said.
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Oil eases as U.S. mulls strategic reserve sales
Oil prices extended losses from the previous session on Thursday, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market. Brent crude prices were down 16 cents, or 0.2%, at $80.92 a barrel by 1306 GMT, after touching a session low of $79.08. WTI crude futures fell 30 cents, or 0.4%, to $77.13 a barrel, having hit a session low of $74.96.
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U.S. Shale Producers to See Minimal Expansion Despite Oil Rally
Producers are using cash flow to pay down debt and reward shareholders rather than invest in new drilling, BNEF said in a report published Wednesday. Yet demand for energy is rising around the world. U.S. crude futures reached a seven-year high this week after OPEC and its allies declined to alter their supply agreement to raise output.
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Expected Impact of U.S. Monetary Policy Tightening on GCC Banks
The last time such rate hike cycle was followed (2015-2019), there were specific set of winners in terms of GCC banks, who witnessed substantial rise in their market capitalization. We conducted a detailed analysis to study how changes in the US monetary policy affects the profitability of GCC banks over the past 13 years (quarterly intervals).
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U.S. rules out “goodwill gesture” to get Iran back into negotiations
Indirect talks between the U.S. and Iran over a mutual return to the 2015 nuclear deal have been suspended since the Iranian elections in June. There is no set date for talks to resume, but the Iranians have signaled it could happen in early November.
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Top U.S. envoy brought up Khashoggi in talks with Saudis – US official
The main point of the talks was to discuss the conflict in Yemen and ways to arrange a ceasefire. But a senior Biden administration official who briefed reporters about the visit to Washington this week of Israel's national security adviser, Eyal Hulata, said the U.S. delegation also brought up the case of Khashoggi specifically and human rights in general.
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Big oil courts U.S. clean-energy startups in bid to speed green transition
There are roughly 20 clean-tech U.S. incubators tracked by the Electric Power Research Institute. But that number likely undercounts the total because of their rapid growth, said Julia Travaglini, vice president of marketing for Greentown Labs. "We're seeing across-the-board an uptick in clean energy" incubators, added Lindsay Schuenke, director of content at the International Business Innovation Association, which works with business development groups.
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U.S. to warn China is not complying with Trump’s Phase One trade deal
Tai will confront her Chinese counterpart on areas where the U.S. says Beijing has failed to comply with the terms of the agreement, such as its commitment to buy an additional $200 billion worth of U.S. goods over two years.
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Top Israeli diplomat visits Bahrain, U.S. navy base in signal to Iran
Touring the Bahrain headquarters of the U.S. Navy's Fifth Fleet, which has faced off Iranian vessels amid tensions over Tehran's regional aims, Lapid said: "Our three countries work together because we have similar interests in the region." "When we speak about peace, we need to remember that peace must be protected from those who would harm it," he added, according to his office.
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U.S. says it won’t normalize or upgrade diplomatic ties with Syria’s Assad
The United States has no plans to "normalize or upgrade" diplomatic relations with the government of Syrian President Bashar al-Assad and also does not encourage others to do so, a State Department spokesperson said on Wednesday. The comments came in response to Reuters questions on whether Washington was encouraging and supporting a rapprochement between Jordan and Syria after Jordan fully reopened its main border crossing with Syria on Wednesday.
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