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Significant Step Taken in U.S.-Saudi THAAD Missile Deal
- November 29,2018
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- SUSTG Team
A personal call between President Donald Trump and King Salman Saudi Arabia helped to finalize an agreement in which the Kingdom will buy Lockheed Martin’s $15 billion THAAD missile defense system, according to reports. The U.S. State Department said the Saudis and U.S. officials signed letters of offer and acceptance documents on Monday, formalizing terms for Saudi’s […]
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Yemen’s Government to Join Peace Talks with Houthis, CNN Reports
- November 20,2018
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- SUSTG Team
Yemen’s Saudi-backed government confirmed it will participate in United Nations-sponsored peace talks in Sweden, according to CNN, which cited the Saudi Press Agency. The announcement came shortly before the United Kingdom introduced a draft resolution on Yemen at the UN Security Council on Monday in which it calls for a ceasefire in Yemen and a two-week […]
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Sec. Mattis, Saudi FM Al-Jubeir Meet; U.S. Calls for ‘Transparent Investigation’
- October 29,2018
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- SUSTG Team
U.S. Defense Secretary Jim Mattis said on Sunday that he has met with Saudi Arabia’s foreign minister, Adel Al-Jubeir, and called for a “transparent investigation” into the killing of journalist Jamal Khashoggi in Turkey, according to reports. Mattis said he met Saudi Foreign Minister Adel al-Jubeir during a conference in Bahrain on Saturday and discussed […]
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Crown prince chairs first meeting on reform of Saudi intelligence services
- October 26,2018
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman chaired the first meeting on Thursday of a special committee to reform Saudi Arabia’s intelligence services. The restructuring was ordered by King Salman after the murder in Istanbul of Saudi journalist Jamal Khashoggi. According to Arab News, the committee “assessed the General Intelligence Presidency’s current organizational structure and identified […]
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FII Kicks Off in Riyadh
- October 23,2018
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- SUSTG Team
The Future Investment Initiative (FII) kicked off today at the Ritz Carlton, Riyadh with a standing room only crowd despite an exodus of CEOs and other top executives in recent weeks. The PIF-organized event went forward as planned despite questions regarding the event’s timing, and saw a large crowd at the start of the event. The event […]
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Video: Bloomberg Interview with Head of the Saudi Stock Market Sarah Al-Suhaimi
- October 11,2018
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- SUSTG Team
Saudi Arabia’s head of its stock exchange, Sarah Al-Suhaimi, gave an interview with Bloomberg outlining her plans for the Tadawul at the Bloomberg Invest Summit in London. Al-Suhaimi is the first Saudi woman to chair the Saudi Arabian stock exchange, which is the largest stock market in the Middle East. [Click here to watch the interview on Bloomberg.com]
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Russia, Saudi Arabia Planned Rise in Production Before OPEC Meeting
- October 4,2018
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- SUSTG Team
Russia and Saudi Arabia have struck a deal to raise oil output from September through December to cool rising prices, according to Reuters. The deal, struck in private in September, was then shared with the United States before a meeting in Algiers with other producers, according to four sources familiar with the plan cited by Reuters. The […]
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PIF Says WSJ Report that Kingdom Has Shelved Solar Projects is ‘Completely Inaccurate’
- October 2,2018
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- SUSTG Team
A spokesperson for Saudi Arabia’s Public Investment Fund (PIF) said via the Kingdom’s state-run news agency, the Saudi Press Agency, that media articles claiming that work has been shelved with respect to SoftBank and Solar Projects are “completely inaccurate.” The unnamed spokesperson said that the PIF “continues to work with the SoftBank Vision Fund, and other parties, on a number of large-scale, […]
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Saudi Crown Prince to Visit Kuwait on Saturday for Qatar Talks – Reports
- September 28,2018
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- SUSTG Team
Crown Prince Mohammed Bin Salman will visit Kuwait on Saturday to discuss the Kingdom’s ongoing conflict with Qatar, according to reports. During the visit, Crown Prince Mohammed bin Salman will hold talks with Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah, according to the Kuwaiti News Agency via Twitter. Kuwaiti mediation efforts have failed so far to end the crisis […]
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Saudi Embassy to Celebrate 88th Saudi National Day with Event at National Harbor
- September 20,2018
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- SUSTG Team
On Sunday, September 23, the Royal Embassy of Saudi Arabia in Washington will host a celebratory event to mark the Kingdom’s 88th national day at the National Harbor, the Embassy said on Twitter. The event begins at 3pm at the Pier at National Harbor and will showcase Saudi folklore and culture and is free for […]
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U.S. sends envoy to press for peace talks in Afhanistan
Washington has dispatched a special envoy for Afghanistan to press for peace talks between the government and Taliban fighters, with the diplomat scheduled to visit Kabul on a trip with stops in five nations, the U.S. State Department said on Saturday.
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Oil up on weak dollar though U.S.-China tensions, virus weigh
Oil prices edged higher on Monday helped by a weak dollar and expected U.S. stimulus measures but gains were capped by rising global coronavirus cases and tensions between the United States and China.
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Gulf dispute has gone on too long, U.S. envoy says on visit
U.S. Special Envoy for Iran Brian Hook said on Sunday a rift between Qatar and some of its other Gulf Arab allies had lasted too long and urged them to rebuild trust and unity.
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U.S. Leadership Remains Unpopular Worldwide
The median global approval rating for U.S. leadership across 135 countries and areas edged up to 33% in 2019. This rating is slightly higher than the previous low under Trump, but it is still one percentage point lower than the previous low of 34% under former President George W. Bush in 2008.
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Kuwait’s Emir to Travel to U.S. for Medical Care; Saudi King Remains in Riyadh Hospital
A Kuwaiti royal said Sheikh Sabah al-Ahmad al-Jaber al-Sabah, who suffered a debilitating stroke last year, had lost consciousness twice since entering the hospital over the weekend. His doctors and family decided it would be best for him to take a more than 13-hour flight to the U.S., where he has previously received care, even after a team of American doctors had traveled to Kuwait last week. State news agency KUNA confirmed the travel plans, without providing details.
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Chevron to buy Noble in biggest U.S. energy deal since oil crash
Chevron Corp (CVX.N) said on Monday it would buy Noble Energy Inc (NBL.O) for about $5 billion, in the biggest U.S. energy deal since the coronavirus crisis crushed global demand for oil and sent crude prices to historic lows.
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Opinion: Oil diplomacy and the U.S. presidential election
U.S. sanctions policies and diplomacy have been inextricably linked with the domestic shale revolution; causality runs in both directions.
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Coronavirus cases rise in 33 U.S. states
The coronavirus pandemic keeps getting worse, all across the country. Thirty-three states saw their caseloads increase this week, continuing a scary nationwide trend that’s been getting worse since mid-June.
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Behind Oil’s Rise Is a Historic Drop in U.S. Crude Output
Yet oil’s push back above $40 a barrel as drivers return to roads isn’t enough for beleaguered shale producers, which until recently were the driving force behind a transformation of the global energy industry. For many of them, prices haven’t risen far enough to help ease the strain of debt taken on during boom times. And the need to cut output in the face of pandemic-hit demand means they can’t pump their way out of trouble.
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Russians squeeze U.S. troops in Syria amid uproar over Trump’s dealings with Moscow
Recently, however, American military leaders in Syria are facing increasingly frequent brushes with Russian troops, according to two U.S. officials and one former U.S. official. Russia is deploying its forces closer and closer to U.S. positions in the Deir Ezzor region of eastern Syria, and the two militaries interact multiple times a week, if not daily, compared to roughly monthly last year, the people said.
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