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Crown Prince Mohammed bin Salman Visits South Korea ahead of G20 Summit in Japan
- June 27,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman, en route to the G20 meetings in Japan this weekend, made an official and high-level visit to South Korea in a sign of strong ties between the two nations. Photos released by the Saudi Press Agency (SPA) show the Crown Prince was warmly received in South Korea. During the visit, […]
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Saudis Celebrate One Year Anniversary of Women Drivers in the Kingdom
- June 24,2019
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- SUSTG Team
One year ago today, women in Saudi Arabia were legally allowed to drive on the Kingdom’s roads for the first time, a landmark and life-changing event for many Saudi women and an undeniable leap forward for Saudi Arabia’s ongoing economic and social reforms. June 24, 2018 was the first day in which Saudi women were allowed […]
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Houthis Strike Abha International Airport in Saudi as Fears of Widening Conflict Grow
- June 13,2019
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- SUSTG Team
Yemen’s Houthi rebels attacked an airport in southern Saudi Arabia on Wednesday, wounding 26 people, the Saudi Press Agency (SPA) and other reports confirmed. Eighteen people were treated at Abha International Airport for minor injuries and another eight were taken to a hospital, according to the SPA, which quoted Turki al-Malki, spokesman of the US-backed Saudi-led coalition […]
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Putin Highlights Price Difference with Saudis and OPEC+ with Key Production Decision Looming
- June 6,2019
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- SUSTG Team
Saudi Arabia and Russia may not see eye-to-eye on the targeted price of crude oil, which could complicate the two sides’ efforts to reach a joint decision on supply, according to multiple reports. Russian President Vladimir Putin said on Thursday that Russia had differences with OPEC over what constituted an acceptable price for oil, but […]
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Fragile Ceasefire in Key Yemen Port Broken with Fresh Fighting after Cross-Border Drone Attack on Saudi Oil Pipelines
- May 15,2019
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- SUSTG Team
Fresh fighting broke out in a key port in Yemen yesterday, breaking a fragile cease-fire and threatening to complicate a troop withdrawal agreement intended to pave the way for wider peace talks, according to reports. Hodeidah port on the Western coast of Yemen “is a lifeline for millions of Yemenis threatened by starvation because of the war […]
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70 Percent Increase in New Licenses for Foreign Businesses in First Quarter, Al-Omar Says
- April 29,2019
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- SUSTG Team
The number of new licenses approved for foreign businesses in Saudi Arabia rose by 70 percent in the first quarter from a year earlier, the head of Saudi Arabia’s General Investment Authority (SAGIA) said. According to Bloomberg, applications from British and Chinese companies drove the increase, rising by 86 percent and 71 percent, respectively. The data […]
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Senate Overwhelmingly Confirms John Abizaid as US Ambassador to Saudi Arabia
- April 11,2019
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- SUSTG Team
The Senate overwhelmingly voted to confirm retired Gen. John Abizaid as the new US Ambassador to Saudi Arabia on Wednesday in a 92-7 vote, paving the way for the former head of then U.S. Central Command to be the first person to fill the post since President Trump took office. President Trump’s choice for the next U.S. Ambassador to Saudi […]
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House, Senate Vote to End U.S. Support of Yemen War, Setting Stage for Trump Veto
- April 5,2019
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- SUSTG Team
The U.S. House of Representatives approved a resolution on Thursday that would end all U.S. involvement with the Saudi Arabia-led coalition in the war in Yemen, Reuters reports. President Trump is likely to veto the resolution, the second veto of his presidency. The vote in the House was 247-175. 16 Republicans joined the majority Democrats in […]
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Saudi Aramco Opens its Books, Officially the World’s Most Profitable Company
- April 1,2019
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- SUSTG Team
State-owned Saudi Aramco is the world’s most profitable firm, eclipsing global heavyweights like Apple and Samsung, according to new data revealed ahead of a major bond issuance. Saudi Aramco’s earnings last year before interests, taxes, and depreciation stands at $224 billion, almost three times as much as Apple. Net income last year was $111.1 billion. The revelation of […]
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Oil Notches Third Straight Week of Gains, but Global Economy Fears Still Weigh on Prices
- March 22,2019
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- SUSTG Team
Concerns that a looming economic slowdown might soon impact fuel consumption around the world are weighing down oil prices after Saudi Arabia and the OPEC+ group of oil producing nations have successfully reversed a downward trend for oil since the start of 2019. Brent hit a four-month high of $68.69 per barrel on Thursday, up from $51 […]
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Qatar RiftGulf Crisis: Fighting it Out Down and Dirty
The Qatari-UAE competition for jaw-dropping headlines is however about far more than trophy acquisitions and performance on the soccer pitch.
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DowDow Chemical plans to boost stake in Sadara JV to 50 percent
U.S. company Dow Chemical (DOW.N) plans to buy an additional 15 percent stake in its $20 billion joint venture with Saudi Aramco IPO-ARMO.SE, the companies said on Monday. Dow, which owns a 35 percent stake in Sadara Chemical, said it had signed a non-binding agreement with Aramco to boost that interest to 50 percent.
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Hajj: 2017Saudi Arabia Launches Digital Platforms to Give the Entire World a Window to View the Hajj
The Ministry of Culture and Information (MOCI) of Saudi Arabia has launched two digital platforms in the lead-up to the Hajj, which will provide information and insights to pilgrims in Makkah, worldwide audiences and local and international media.
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U.S. State DepartmentTop State Department Officials Step Down in “Black Friday” Exodus
The top State Department envoy responsible for overseeing U.S. policy at the United Nations and other international organizations stepped down from her post Friday, continuing an exodus that is thinning the ranks of America’s most experienced career diplomats, according to a U.S. official.
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SukukSaudi Arabia nudges yields down in 13 bln riyal sukuk sale
Saudi Arabia's finance ministry pushed yields down slightly in its second monthly sale of domestic Islamic bonds on Tuesday, a sign of healthy appetite for the debt as Riyadh covers a budget deficit caused by low oil prices.
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GovernanceSaudi Arabia Takes Steps to Crack Down on Religious Hate Speech
Saudi Arabia summoned a group of Twitter users this week in an effort to crack down on hate speech, the government’s Center for International Communication said.
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WorkforceMigrants fear Saudi crackdown on illegal workers
Millions of immigrants in Saudi Arabia are fearing deportation, fines or even jail as Riyadh promises to crack down on illegal migrants. As Silvia Antonioli reports, the Kingdom is trying to hit the black labour market to reduce unemployment for its nationals.
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Labor and ImmigrationAmnesty over, ‘illegal expatriates’ await Saudi crackdown
For four months, texts from the government pinged into every mobile phone in Saudi Arabia ordering "illegal expatriates" to leave the kingdom before the end of an amnesty that expired in late July.
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PalestineGulf-Backed Enforcer Charms Egypt, Hamas in Leadership Showdown
Hamas co-founder Mahmoud Zahar, whose eyebrows and beard were once shaved off by Palestinian security forces, listened quietly as the man blamed for his public humiliation proposed a partnership.
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Al JazeeraIsrael plans to shut down Al Jazeera office, says that ‘democracy has limits’
srael plans to shut down Al Jazeera's Jerusalem office, stop transmitting its broadcasts and strip the Qatar-based channel's journalists of their credentials, the country's communications minister said Sunday.
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