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Oil Posts Biggest Weekly Gain Since December 2016
- January 4,2019
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- SUSTG Team
Brent crude headed for its biggest weekly gain since December 2016 after several months of price falls as Saudi Arabia’s production cuts outweighed concerns over the health of the global economy, according to reports. The weekly gain – nearly 9% on the Brent crude index – follows three weeks of losses and its worst quarter in […]
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Positive Trends Seen in Latest Saudi Economic Data; Non-Oil PMI Up
- January 2,2019
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- SUSTG Team
A recently-released report from Jadwa Investment found a positive trend in Saudi economic data for the month of November, with POS and cash withdrawals rising by 18 percent and 2 percent respectively, year-on-year, and growth in the non-oil PMI index. The monthly report from the Riyadh-based investment firm analyzes key macro and micro economic trends in […]
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Photos of Crown Prince Mohammed bin Salman, Top Saudi Leaders Visiting Remote Northwest Saudi Arabia Go Viral
- December 28,2018
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- SUSTG Team
Photographs of Crown Prince Mohammed bin Salman and some of Saudi Arabia’s top officials visiting some of Saudi Arabia’s most famous mountains in the Northwest region of the country have gone viral on social media. The photos showing casually-dressed Saudi ministers and officials were taken last Summer by royal photographer Bandar Al-Jaloud at Jabal Al-Lawz (Almond Mountain) […]
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Saudia-Owned Flyadeal Selects Boeing for Expansion Fleet with $3.5b in New Planes
- December 21,2018
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- SUSTG Team
Saudi Arabian discount carrier Flyadeal will switch from an all-Airbus SE fleet to Boeing jets after ordering 30 737 Max narrow-body planes worth $3.5 billion at list prices, according to a Bloomberg report. The Chicago, Illinois-based Boeing has been in competition with France-based Airbus for the order since mid-2016, according to the report. The airline committed to […]
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Saudi Arabia Plans to Increase State Spending by More than 7 Percent in 2019
- December 18,2018
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- SUSTG Team
Saudi Arabia plans to ramp up state spending by more than 7 percent in 2019, according to a budget released by the Finance Ministry on Tuesday. Spending is projected to rise to $295 billion next year, Arab News reports, an increase of $25 billion over 2018’s figure of $270 billion. The move is seen as an effort […]
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Saudi Government ‘Rejects’ U.S. Senate Rulings on Saudi Arabia But Pledges to Continue Building Relationship
- December 17,2018
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- SUSTG Team
The government of Saudi Arabia issued a statement condemning a recent U.S. Senate resolution blaming Crown Prince Mohammed bin Salman for the killing of journalist Jamal Khashoggi, and said the government rejects external interference in its affairs. The Senate measure, which passed in a rare bipartisan vote with unanimous approval on Thursday, was a sweeping condemnation of Crown […]
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Breakthrough Ceasefire Agreements Reached over Yemen Ports as U.S. Senate Rebukes Trump
- December 14,2018
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- SUSTG Team
The internationally recognized Yemeni government and the Iranian-aligned Houthi movement agreed to a ceasefire around the city of Hodeidah and to remove troops from the area in a potential major turning point for the three year old conflict, according to reports. The agreement was reached at U.N.-brokered talks in Sweden. The port, which is currently under Houthi control, […]
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Looking toward Africa, Saudi Seeks Red Sea Political, Economic Bloc
- December 13,2018
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- SUSTG Team
Saudi Arabia is seeking a political and economic alliance with six countries bordering the Red Sea and the Gulf of Aden in a move aimed at strengthening its interests in the crucial waterway and in Africa, according to reports. Representatives from Egypt, Djibouti, Somalia, Sudan, Yemen and Jordan gathered in Riyadh on Wednesday to discuss the initiative, […]
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KPMG Releases Second Edition of its Saudi Arabia CEO Outlook report; Finds Positivity Among Saudi CEOs
- December 12,2018
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- SUSTG Team
KPMG has released its second edition of its Saudi Arabia CEO Outlook report, available as a .PDF from the company’s website here. The report is based on interviews with 50 CEOs of organizations in Saudi Arabia for their thoughts and insights on the potential opportunities that they have while preparing for the challenges that lie ahead, […]
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BBC Travel Profiles Asir’s ‘Flower Men’, Natural Beauty as Kingdom Eyes Tourism Push
- December 11,2018
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- SUSTG Team
A recently published story in the BBC highlights the unique culture and natural beauty of the Asir province in Saudi Arabia, whose male inhabitants don colorful and ornate head dresses made of local flowers. The U.K.-based news service traveled to Asir province in the south of the Kingdom, one of the least traveled places in Arabia by Western […]
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MUST-READS
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Refugee Crisis: EUEuropean migrant crisis: Capsized boat horror caught on camera
The deadly capsizing of a migrant boat in the Mediterranean has been caught on camera by the Italian navy as it rescued 562 people.
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Anti-ISIS CampaignNYC Man Who Joined Then Escaped ISIS Speaks Out Against ‘Evil’
He left the United States to join ISIS and then fled the group after five months. Now a New York City man is revealing the disturbing details of his journey into the heartland of terror — and warning others not to follow in his footsteps.
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Saudi Oil PolicySaudi Oil Stockpiles Hit 18-Month Low in March as Output Capped
Saudi Arabia’s crude oil stockpiles fell in March for the fifth month in a row reaching the lowest level in 18 months as the kingdom kept shipping crude to meet customer demand while keeping a lid on production.
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IraqBombings kill 93 in Iraqi capital’s bloodiest day this year
In the deadliest violence in Baghdad this year, three car bombs claimed by the Islamic State group killed 93 people across the Iraqi capital Wednesday, demonstrating the extremists' ability to mount significant attacks despite major battlefield losses.
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War in YemenSaudi military threatens to move forces into Yemeni capital if peace talks fail
Saudi Arabia will send troops into Sanaa, the Yemeni capital, if peace talks between the Saudi-backed government and Shiite rebels fail, a military spokesman said Wednesday, raising the specter of extended conflict.
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FinanceSaudi Arabia looks to IPOs to boost capital
As cheap oil constricts Saudi Arabia's capacity to spend at home, the Arab world's largest economy is pressing ahead with the selling of state assets to raise new capital and boost the private sector.
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Saudi Oil PolicyAramco Said to Expand Oil Field to Maintain Saudi Capacity
Aramco could produce 11.5 million barrels a day immediately and go to 12.5 million in six to nine months “if we wanted to,” said the prince, who is also chairman of Aramco’s Supreme Council.
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Rains in Saudi ArabiaSchools to remain closed as heavy rain hits Saudi capital
Saudi Arabia’s Ministry of Education announced that government schools in Riyadh city and the governorates under it would remain closed on Wednesday following heavy rain and the continuing inclement weather.
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Yemeni JewsIn secret mission, 17 Yemeni Jews escape civil war for new life in Israel
The majority of Yemeni Jews, some 50,000 people, were resettled in Israel in 1949-1950 as part of a special immigration known as Operation Magic Carpet.
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TurkeyExplosion rips through Turkish capital, killing 37
A car bomb in the heart of the Turkish capital, Ankara, killed at least 37 people Sunday, heightening anxieties that violence from the war against Kurdish militants in the southeast is spilling into Turkish cities.
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