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‘A New Page’ for Diplomacy between Saudi Arabia and Iran?
- August 26,2014
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- SUSTG Team
In what may be another step in a growing thaw in Saudi-Iranian relations, Iran’s Deputy Foreign Minister Hossein Amir Abdollahian visited Jeddah, Saudi Arabia on Tuesday and met with Saudi Arabia’s Foreign Minister, Prince Saud al Faisal. In remarks to Reuters following the meeting, Abdollahian said that both countries agreed that “a new page” was […]
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Turning the Corner on MERS
- August 5,2014
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- Lucien Zeigler
When the spread of the deadly coronavirus MERS started making headlines on a daily basis in the Spring, international concern began to mount that the Saudi government wasn’t doing enough to contain the virus. New confirmed cases started emerging in other countries in the region, even reaching the United States. As the death toll mounted, […]
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Europe’s Role in Bankrolling Terror Groups Around the World
- July 30,2014
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- Lucien Zeigler
European governments that bargain with Al Qaeda and other terrorist organizations for kidnapped citizens are inadvertently filling the coffers of those organizations, according to this report by Rukmini Callimachi in the New York Times. Collectively, these countries are “underwriting jihad,” providing extremist groups with “at least $125 million in revenue from kidnappings since 2008, of […]
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30k Saudi Troops Deployed to Iraq’s Border after Iraqi Troops Vacate
- July 7,2014
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- Lucien Zeigler
30,000 Saudi troops have been deployed to the Iraq border after Iraqi troops fled following ISIL’s incursion, according to a report. Al Arabiya reports that the troops are being deployed to secure the border with Iraq after the border was left “unprotected.” The move follows activity along Saudi Arabia’s border to the south with Yemen, […]
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Uptick in US-Saudi Diplomacy including Secretary Kerry’s Praise for Saudi ‘Compassion’ for its $500m Humanitarian Pledge to Iraq
- July 2,2014
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- Lucien Zeigler
U.S. Secretary of State John Kerry lauded Saudi Arabia’s “compassion” and “generosity” after the Kingdom announced it would donate $500 million in humanitarian aid to all people of Iraq, regardless of ethnicity or religion, according to a release made public by the State Department. “Saudi Arabia has made an enormous and very significant commitment to help […]
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HRDF’s New Priority: Business Education Scholarships For Saudi’s Young Private Sector Leaders
- June 11,2014
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- Bill Connor
Since its inception in 2000, the primary mission of the Saudi Human Resources Development Fund (HRDF) has been to provide job training and locate entry-level employment for young Saudis. But thanks to a new partnership with The Madinah Institute for Leadership and Entrepreneurship (MILE), HRDF now has another ambitious goal: to educate and support Saudi’s […]
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PHOTOS: The 2014 SACM Career Fair at the Gaylord Hotel in Washington DC
- May 30,2014
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- Lucien Zeigler
The recently completed 2014 SACM Career Fair brought together over 12,500 Saudi graduates and leading employers in Saudi Arabia to match talent with opportunities. Leading companies from the U.S., Saudi Arabia and around the world set up booths to meet the recent graduates, introduce their companies, and discuss employment opportunities.
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The Euromoney Conference: Investment in Saudi Arabia – Sfakianakis
- May 16,2014
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- John Sfakianakis
Just recently Fitch upgraded the sovereign rating of Saudi Arabia to AA from AA-, denoting a stable outlook for the Kingdom. Fitch’s upgrade of Saudi Arabia’s sovereign rating makes it rank seventh within the G20 members, after the United States, Germany, Canada, Australia, Britain, France, and ahead of even Japan and China. Despite political upheaval […]
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Opportunities for Saudi-China Trade: Is Asia the Future for the Kingdom?
- April 8,2014
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- John Sfakianakis
As part of the recent visit by Saudi Arabia’s Crown Prince Salman to China, I participated the Saudi-China Investment Forum organized by the Saudi Arabian General Investment Authority (SAGIA). I was honored to receive an invitation to speak, and compared with forums organized inside and out of the Kingdom of Saudi Arabia in 2014, this […]
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KACARE and Saudi Arabia’s Frightening Consumption of Energy
- March 26,2014
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- John Sfakianakis
Four years ago, King Abdullah City for Atomic and Renewable Energy (KACARE) was established by a royal decree. Public statements highlighted the numerous nuclear and solar power plants that would be built and entered into production during the next 15 to 20 years. Large sums of money have been paid for advisers and global consulting […]
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MUST-READS
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IranIran to buy 114 Airbus planes as country eyes European business deals
Iran will sign a contract this week to buy 114 planes from France-based manufacturer Airbus during a visit to Paris by Iranian President Hassan Rouhani, the country's transport minister said on Sunday.
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EU-IsraelEU toned down statement irks Israel
Both Israel and the Palestinians gave a reserved welcome to the decision by EU foreign ministers.
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Riyal Peg‘Stay Away From the Saudi Riyal Peg Trade,’ Deutsche Bank Says
“Stay away from the Saudi riyal peg trade,” the world’s second-biggest currency trader said in an e-mailed report. “The Saudis have several as-yet untapped sources of dollar financing. One is to simply issue dollar debt. Debt was far higher and reserves far lower during successful defenses in 1998-2003.”
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Saudi Arabia and IranPerspective: There’s Far More to the Saudi-Iran Feud Than Sunnis-Vs.-Shia
According to Wehrey, we’re currently witnessing a “third wave” of sectarianism brought on by the Syrian Civil War and the ascent of ISIS, and accentuated by social media.
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SyriaWhat the Iran-Saudi feud means for Syria peace talks
Diplomatic efforts to preserve the staggering Syrian peace process have gone into overdrive amid a surge in Iran-Saudi tensions in the Middle East.
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Refugee CrisisMigrant crisis: ‘One million enter Europe in 2015’
The vast majority crossed by sea, with more than 800,000 travelling from Turkey to Greece. Most are refugees from Syria, Iraq and Afghanistan.
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EconomySaudi Arabia Plans Major Economic Shake-Up Amid Oil Slump, Sources Tell Reuters
Saudi Arabia's deputy crown prince has privately outlined plans to reshape the economy to withstand low oil prices, sources said, in what could be the biggest policy shake-up since the kingdom's economy was last hurt by cheap oil over a decade ago. The strategy was presented by Mohammed bin Salman at a meeting this week with senior officials, businessmen and economists. It includes state spending reforms and privatizations in the world's top oil exporting country, the sources said.
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Raif BadawiEurope, after some hesitation, stands with Saudi dissident Raif Badawi
Mr Badawi is the latest recipient of a prize named after the great Soviet dissident Andrei Sakharov, awarded annually since 1988. Previous recipients have included Nelson Mandela, the Soviet political prisoner Anatoly Marchenko (posthumously) and the protagonists of the Arab spring.
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Deutsche BankDeutsche Bank Sees Record Year for Its Saudi Arabian Unit
Deutsche Bank AG expects its best-ever performance in Saudi Arabia this year even as oil slumps and the country’s economic growth slows, according to Jamal Al Kishi, chief executive officer of the lender’s local unit.
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Human RightsSaudi women win EU prize for promoting human rights
The winners for the local civil society organizations went to Baladi Initiative, a Saudi women’s group which works for women empowerment and was actively engaged in the just concluded municipality election.
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