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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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Five trends that will shape the Arab World’s online industry in 2015
- January 8,2015
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- Khaldoon Tabaza
2014 was a milestone year for online businesses in the Arab world. It was the year in which Arab online users spent more time behind their smartphone and computer screens than their televisions, online classified’s popularity soared over that of print classifieds, and several industries such as transportation, automotive, and food & beverage were disrupted […]
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In Wide-Ranging Interview with Local Paper, Alwaleed bin Talal Discusses Path to Success
- December 30,2014
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- SUSTG Team
Saudi Arabia’s Prince Alwaleed bin Talal gave his first interview with a local Saudi paper in eight years, according to the Saudi Gazette, and the billionaire discussed his path to business successes, how he spends his time, and national/regional issues of concern. The in-depth interview was revealing of the Prince’s day-to-day business and personal activities. When […]
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Ahead of Budget Announcement, Inflation in Saudi Arabia Hits 7-Year Low
- December 23,2014
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- SUSTG Team
Ahead of Saudi Arabia’s budget announcement, which is expected for the end of the week after a special meeting, inflation in Saudi Arabia is approaching its lowest levels since April 2007, Asharq Alawsat reports. The 7-year low is expected to be official when Saudi Arabia’s Central Department of Statistics and Information releases official data before […]
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Saudi Arabia Hails ‘Thaw’ Between Egypt and Qatar as Sisi Meets Top Qatari Envoy in Cairo
- December 22,2014
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- SUSTG Team
Egypt’s President Abdel Fattah Al-Sisi met with a top Qatari envoy, Sheikh Mohammad bin Abdel Rahman al-Thani, in Cairo Saturday in what has been reported to be a significant rapprochement between the two countries. Also in attendance was Khalid al-Tuwaijri, head of the Saudi Royal Court and the powerful private secretary to Saudi Arabia’s King Abdullah. […]
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John Kerry’s Remarks at U.S. Chamber of Commerce Middle East Commercial Center Leadership Dinner
- December 12,2014
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- SUSTG Team
In an energetic and wide-ranging speech delivered to guests attending the Middle East Commercial Center Leadership Dinner on Monday night at the U.S. Chamber of Commerce, Secretary of State John Kerry praised the work of the Center and the development of business relationships between the United States and the Middle East region. Secretary Kerry shared […]
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HRH Saudi King Abdullah Donates $104M for Syria Food Aid following World Food Program Shortfall
- December 11,2014
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- SUSTG Team
The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz contributed $104 million to the World Food Program (WFP) to help meet an urgent need for funding to continue food distribution to millions of refugees sheltering in countries neighboring Syria, in Ethiopia and in Kenya, the Embassy said in a press release. “The contribution […]
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#SaudiTBT: The Father of the Saudi Arabian National Guard HRH King Abdullah bin Abdulaziz in 1962
- December 9,2014
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- Richard Wilson
HRH Miteb Bin Abdullah, Minister of the Saudi Arabian National Guard (SANG) and the third oldest son of Saudi Arabia’s King Abdullah Bin Abdulaziz, recently visited Washington to meet with President Obama and other senior officials to discuss strengthened bilateral cooperation between the U.S. Department of Defense and SANG. The National Guard is one […]
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As Oil Dips Below $70, American Producers Wonder Where the Bottom Is and Eye an End to Export Ban
- December 8,2014
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- Lucien Zeigler
The second half of 2014 has been a lively period for the U.S. shale industry. Fueled by new technologies and a soaring oil price, everyone from upstart producers to big oil were taking advantage of new production opportunities in United States in shale deposits. Over the last year, the U.S. alone accounted for 82% of non-OPEC production growth, […]
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With Houthi Gains in Yemen, Saudi Reportedly Pulls Aid
- December 5,2014
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- SUSTG Team
Saudi Arabia has suspended most of its financial aid to Yemen in “clear indication of its dissatisfaction with the growing political power of Shi’ite Houthi fighters friendly with Riyadh’s regional rival, Iran,” according to a Reuters report. “Soon after Houthi fighters took over the capital Sanaa in September, Saudi Arabia promptly suspended much of that […]
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MUST-READS
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Lebanon’s Parliament reelects Berri as speaker for 7th time
Lebanon’s longtime parliament speaker who has held the post for 30 years, was reelected Tuesday for a seventh four-year term with the minimum number of votes needed and despite multiple crises plaguing the nation. Still, the slim majority in favor of Nabih Berri was a reflection of a significant shift in public opinion in the crumbling economy on the verge of bankruptcy. His reelection was practically guaranteed — even though more than a dozen new lawmakers won seats running on a reform platform.
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Entry ban on visit visa holders to 4 Saudi airports from June 9
Saudi Arabian Airlines (Saudia) warned tourism companies against booking flight tickers for holders of visit visas of all kinds to the airports in Jeddah, Madinah, Yanbu and Taif as of Dhul Qaadah 10, 1443, corresponding to June 9, 2022. Saudia clarified that the period of its ban on entry to visa holders to the four airports is valid until Dhul Hijjah 10, 1443 AH corresponding to July 9, 2022.
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The Middle East’s is worried India will ban rice exports next
For instance, there has been a surge in demand for basmati rice in the Middle East, where prices are rising by $20-$30 per tonne. “We are suddenly witnessing a huge demand from the Middle East,” Gautam Miglani, owner of Haryana-based basmati rice exporter LRNK, told Economic Times. “The buyers are offering exporters a premium for urgent shipping of the grain. Rumours are going around that the government might put an export ban on basmati rice after it had banned wheat exports. This is fuelling the exports.”
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French restaurant in Saudi Arabia bans hijab, causing outrage
Following the news from small news outlets and customers' personal experiences, the restaurant received thousands of negative and one-star reviews on Google and Facebook from Saudis. One comment on its Facebook page from a social media user named Ameera Al Qahtani, for example, said it "does not deserve any star. Because it refuses to allow women [wearing] the hijab, and refuses the Saudi dress for men. They need to be kicked out of Jeddah. They don't respect our religion, and this makes me very angry."
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Saudi Arabia bans travel to 16 countries including India over new Covid outbreaks
The sixteen countries where the citizens of Saudi Arabia are banned to travel apart from India include Lebanon, Syria, Turkey, Iran, Afghanistan, Yemen, Somalia, Ethiopia, the Democratic Republic of the Congo, Libya, Indonesia, Vietnam, Armenia, Belarus, and Venezuela, reported Gulf News.
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Lawmakers question Khashoggi Ban as Saudi prince visits US
“We seek to understand the rationale for Prince Khalid’s multiple visits and whether the Department of State reviewed allegations regarding his alleged role in targeting Saudi dissidents, consistent with the administration’s Khashoggi Visa Ban,” read a letter to Secretary of State Antony Blinken from Reps. Tom Malinowski (D-N.J.) and Brian Fitzpatrick (R-Penn.).
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Analysis: For Riyadh, Hezbollah setback is rare good news from Lebanon
For Saudi Arabia, losses for Iran's allies in a Lebanese general election mark a rare piece of good news from a country where Tehran has long been ascendant, and could play to Riyadh's advantage in a regional tussle for influence. The loss of a parliamentary majority won by Hezbollah and its allies in 2018 is a reversal for the heavily armed group, a dominant force in Lebanon for years with unwavering support from Shi'ite-led Iran, and may present Sunni Muslim-led Saudi Arabia with new possibilities for reasserting sway in Beirut.
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Lebanon elections: Who are the major winners and losers?
Lebanon's first elections since the country was devastated by its worst-ever economic crisis have unseated household names in Lebanese politics, shifted majority blocs, and yielded a surprising breakthrough for independents. Middle East Eye takes a look at some of the elections' most notable winners and losers.
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A Lebanese vote for hope
The culmination of the COVID-19 pandemic and the 2020 Beirut Blast pushed almost 80 percent of the population below poverty lines and these exponential problems intensified due to governmental corruption and egocentric mismanagement. Major protests across Beirut, Tripoli, and other large cities have become prevalent, demanding parliamentary change for financial and governmental reforms. This week’s elections have the potential to reflect a better future for the Lebanese population, therefore possessing heightened importance.
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Statement on HRH Princess Reema Bandar Al Saud Receiving Honorary Doctorate
Her Royal Highness Princess Reema Bandar Al Saud received an honorary doctorate from Marymount University in Virginia this past Friday. The doctorate is in honor of Princess Reema's work empowering women across sectors in the Kingdom and globally.
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