Analysis

U.S.-SAUDI DEFENSE COOPERATION

Delivery Schedule, Costs Become Sticking Points in U.S.-Saudi Littoral Combat Ship Deal

• SUSTG Team
• |
• 1. 13. 2016

Saudi Arabia is balking at the potential sale from the U.S. Navy of 4 Lockheed Martin Littoral Combat Ships because of concerns about delivery schedules and costs, according to a report in Defense News.

• Fiscal Policy

  

  Fitch: 2016 Saudi Budget ‘Contains Significant Reforms and Follows Notable Expenditure Restraint’

  SUSTG Team  |  1. 6. 2016

  In a recently released statement by Fitch Ratings, the agency said Saudi Arabia's 2016 budget "contains significant reforms and follows notable expenditure restraint during the second half of 2015, but the fall in oil prices means that the deficit/GDP ratio will again be in double-digits."

• Saudi-Turkey

  

  Saudi-Turkey Ties Grow with Erdogan Visit, Agree to Form ‘Strategic Cooperation Council’

  SUSTG Team  |  12. 30. 2015

  Turkish President Recep Tayyip Erdogan visited Saudi Arabia this week to meet with top Saudi officials to discuss security and energy cooperation.

• 2016 Budget

  

  Early Look at Saudi Arabia’s 2016 Budget Reveals Spending at $226b

  SUSTG Team  |  12. 28. 2015

  Saudi officials revealed the Kingdom’s 2016 budget at a press conference today in Riyadh, a budgeted spend of 840 billion riyals ($224 billion) and forecasted revenue at 513 billion ($137 billion).

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  ‘Major Economic Shake-Up’ In the Works for Saudi Arabia

  SUSTG Team  |  12. 21. 2015

  Saudi Arabia’s deputy crown prince Mohammed bin Salman, Minister of Defense and chair of the powerful Council of Economic and Development Affairs, is planning a major economic shake-up that involves “plans to reshape the economy to withstand low oil prices.”

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  Foreign Minister Al-Jubeir Discusses Yemen, Islamic Military Alliance in France 24 Interview

  SUSTG Team  |  12. 18. 2015

  In an interview with France24 on YouTube, Saudi Arabia's foreign minister Adel Al-Jubeir discussed the ongoing Yemen peace talks in Geneva, the newly created Islamic Military Alliance and also responded to a question about Donald Trump's recent remarks regarding Muslims in America.

• OPEC

  

  No Change in Oil Strategy As Producers Continue With Pursuit of Market Share

  SUSTG Team  |  12. 4. 2015

  OPEC looked unlikely to take steps to cut oil production to lift languishing prices at a meeting on Friday in Vienna.

• Global Oil Markets

  

  All Eyes on Vienna as OPEC’s 168th Meeting Marks One Year of Saudi-led Strategy to Squeeze High Cost Producers

  SUSTG Team  |  12. 1. 2015

  The oil-producing nations of OPEC convene in Vienna on Friday, exactly one year since Saudi Arabia took the lead on its strategy to ramp up output to drive out higher-cost producers and secure market share.

• Kingdom Tower Jeddah

  

  Jeddah Construction Gets Boost with $2.2b Real Estate Fund

  SUSTG Team  |  11. 30. 2015

  A new real $2.2 billion estate fund will drive ongoing construction at the Kingdom Tower Jeddah and the surrounding development, slated to become the world's tallest building upon its targeted completion in 2018.

• Saudi Economy

  

  ‘The key challenges are our overdependence on oil and the way we prepare and spend our budgets’, Saudi Deputy Crown Prince Mohammed bin Salman Says to NYT Columnist Friedman

  SUSTG Team  |  11. 25. 2015

  Friedman's rare access to Prince Mohammed bin Salman represents one of the first glimpses of the influential young Saudi leader in western media.