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Al-Falih Signals ‘Wait and See’ Approach to Trump’s Harsher Iran Oil Sanctions
- April 23,2019
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- SUSTG Team
The recent decision by President Trump to end all Iran sanction waivers by May was welcomed in Saudi Arabia, but the Kingdom indicated it would respond cautiously with decisions on oil production. “President Donald J. Trump has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May,” a White House readout […]
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Saudi Aramco to Acquire Stake in South Korean Hyundai Oilbank for $1.2 billion
- April 15,2019
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- SUSTG Team
Saudi Aramco says it has reached an agreement to acquire a $1.25 billion stake in South Korean refiner Hyundai Oilbank that would provide it with “a dedicated outlet for its crude to South Korea.” The deal was struck between Aramco and Hyundai Heavy Industries Holdings for Saudi Aramco’s subsidiary, Aramco Overseas Company B.V (AOC), to […]
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Trump, Crown Prince Mohammed bin Salman Speak by Phone, White House Says
- April 10,2019
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- SUSTG Team
U.S. President Donald Trump spoke with Saudi Arabia’s Crown Prince Mohammed bin Salman by phone on Tuesday, discussing Riyadh’s role in Middle East stability, maintaining pressure on Iran other issues, according to reports. “President Trump and the Crown Prince discussed regional developments and opportunities to further enhance the American-Saudi partnership on a range of security and economic […]
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King Salman Makes Day Trip to Bahrain, Meets with Bahraini King Hamad Al-Khalifa
- April 3,2019
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- SUSTG Team
Saudi Arabia’s King Salman arrived in Bahrain on Wednesday to discuss bilateral relations and regional developments, according to reports. The visit is the second foreign trip in as many weeks for King Salman, having visited Tunisia for an Arab League summit at the end of March. King Salman was welcomed to the country by the King of Bahrain, […]
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Energy Secretary Rick Perry Confirms KSA One of 16 Countries Approved for Unclassified Civil Nuclear Technology
- March 29,2019
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- SUSTG Team
The Trump administration has approved seven applications for U.S. companies to sell nuclear power technology and assistance to Saudi Arabia, but did not reveal the particular companies or specifics of those authorizations, the Energy Department said Thursday. Energy Secretary Rick Perry told the Senate Armed Services Committee that the seven applications approved were among 37 […]
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Saudi Tourism Officials Eye $20b Investment for Al-Ula, with Roadshow Planned for This Year – Report
- March 21,2019
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- SUSTG Team
A recent report in Reuters revealed Saudi Arabia’s big ambitions for Al-Ula, in the northwestern corner of the kingdom that was a key site for an ancient civilization and is near to the future planned city NEOM. Saudi Arabia is targeting up to $20 billion of investments through 2035 for a planned landmark tourism destination and will hold a global investor […]
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Saudi Top Buyer of Military Arms as Flow Increases to Middle East
- March 13,2019
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- SUSTG Team
Saudi Arabia became the world’s largest arms importer between 2014–18, with an increase of 192 per cent compared with 2009–13, according to a new annual report published by the Stockholm International Peace Research Institute (SIPRI). The report also noted that U.S. and other Western weapons sales “are in high demand” in the Middle East, edging out Russia and […]
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Saudi Society Debates Keeping Shops Open during Prayer Times ahead of Shoura Consideration
- March 4,2019
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- SUSTG Team
A debate is raging on social media in Saudi Arabia about whether the Kingdom should continue to require by law the closing down of all shops, malls, restaurants, gas stations, and even hospitals during the call for adhan (Islamic prayer) and throughout prayer time, according to media reports. According to Gulf News, Yahya Al Samaan, assistant president of […]
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Crown Prince Mohammed bin Salman Meets with Xi Jinping in Beijing, Tours Great Wall
- February 22,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman continued his tour of Asian nations with a second day in China, where he met with Chinese President Xi Jinping and the two countries inked over $28 billion in deals, according to reports. In his meeting with President Xi Jinping, the Chinese leader urged joint efforts to counter extremism and […]
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Jadwa Investment Forecasts ‘Continued Improvement in the Health and Direction of the Saudi Economy’
- February 15,2019
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- SUSTG Team
In a research report on the year ahead for the Saudi economy, Jadwa Investment said 2019 will be “marked by a continued improvement in the health and direction of the Saudi economy.” “During 2019, we expect to see a consolidation of efforts in striving towards the goals of the Vision 2030, as well as the targets […]
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MUST-READS
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Saudi-TurkeySaudi Arabia turns to Turkey
Conversely, the government of Egyptian President Abdel Fattah al-Sisi did not offer the support Riyadh sought in several political and military stances with regard to Syria, Yemen or Iraq; observers said this reflects Egypt's ingratitude for the kingdom’s support of the Egyptian economy in terms of funds and oil. Saudi Arabia provided more than $8 billion worth of aid to Egypt in 2013 and 2014.
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TurkeyTurkey’s Erdogan chastises U.S. over support for Syrian Kurds
Turkish President Tayyip Erdogan upbraided the United States for its support of Syrian Kurdish rebels on Wednesday, saying Washington's inability to understand the group's true nature had turned the region into a "sea of blood".
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TurkeyErdogan: US Should Choose Between Turkey, Kurdish Forces
Turkey's president lashed out at the United States a week after President Barack Obama's envoy visited a northern Syrian town that is under the control of Syrian Kurdish forces, which Ankara considers terrorists.
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Syrian RefugeesSyria refugee camps set up as Turkey limits entries
Turkish aid workers have been setting up tents and distributing supplies for thousands of new Syrian refugees kept from entering Turkey at the border.
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TurkeyWalls and watchtowers rise as Turkey tries to seal border against Islamic State
Slabs of concrete wall have sprung up and military patrols have intensified, but local people say this stretch of Turkey's border facing Syrian territory under Islamic State control is still far from water-tight.
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SyriaSaudi Arabia, Turkey Back Syria Opposition
Saudi Arabia and Turkey on Sunday came out in support of Syria's opposition members, in Geneva for possible U.N.- sponsored peace talks with the Syrian regime, but played down their roles in setting the agenda for the negotiations.
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TurkeyRussia’s military says Turkey’s airspace violation claim a ‘provocation’
Turkey's allegations that a Russian warplane violated its airspace are not backed by any factual data and are a premeditated provocation, Russia's Defence Ministry said on Monday.
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SyriaSaud Arabia and Turkey throw their weight behind Syrian opposition
The Syria policy of Turkey and Saudi Arabia is based on a shared perspective, said Turkish Premier Ahmet Davutoglu at a joint press conference with Foreign Minister Adel Al-Jubeir on Sunday.
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Anti-ISIS CampaignBiden: US and Turkey prepared to seek IS military solution
US Vice-President Joe Biden has said the US and Turkey are prepared to seek a military solution against so-called Islamic State (IS) if a political agreement in Syria proves impossible.
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Istanbul BombingIstanbul bomber registered in Turkey but not on wanted list
The bomber, an Islamic State member thought to have come recently from Syria, blew himself up on Tuesday in Sultanahmet square near the Blue Mosque and Hagia Sophia, major tourist sites in one of the world's most visited cities.
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