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Development on Jeddah Tower and Surrounding Economic City Moves Forward After Alwaleed’s Release
- February 9,2018
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- SUSTG Team
Construction of what is planned to be the world’s tallest skyscraper in Jeddah is going ahead following the release of Saudi Arabia’s Prince Alwaleed bin Talal, the head of the consortium behind the $1.5 billion project said. Mounib Hammoud, chief executive of Jeddah Economic Co (JEC), said in an interview that the project will ideally be completed […]
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Saudi Economy to See 1.5% Growth in 2018, Jadwa Says
- February 5,2018
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- SUSTG Team
The Saudi Arabian economy will grow by an estimated 1.5 percent in 2018, up from a contraction in 2017 of -0.7 percent, according to a new report from Riyadh-based economic analysts at Jadwa Investment. “The oil sector will see the largest improvement in the year ahead, rising to 1.5 percent in 2018, compared to a decline […]
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Saudi Crown Prince Mohammed bin Salman will Visit Washington, Other U.S. Cities in Early March
- February 2,2018
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- SUSTG Team
The Royal Embassy of Saudi Arabia in Washington is working to organize a visit by crown prince Mohammed bin Salman to the United States in early March, the first trip to the U.S. since he became crown prince last year, according to reports. Rumors of a forthcoming visit by the powerful crown prince have surfaced in […]
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At Davos, Saudi Leaders Discuss Energy, Foreign Policy on World Stage
- January 23,2018
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- SUSTG Team
Saudi government leaders arrived to Davos, Switzerland for the annual World Economic Forum to meet with other world leaders and discuss key foreign policy and energy challenges facing the Kingdom. The 48th Annual Meeting in Davos will host 3,000 participants across all stakeholder groups including public & private sectors, civil society, academia, media, and arts & culture. The Saudi delegation is led […]
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Report: Saudi Government, SBG in Talks for State Takeover of Troubled Construction Giant
- January 12,2018
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- SUSTG Team
Saudi Arabia is taking managerial control of Saudi Binladin Group (SBG) and discussing a possible transfer of some of the giant construction group’s assets to the state while its chairman and other family members are in detention, Reuters reports today citing sources. Binladin is the biggest builder in the country and important to Saudi Arabia’s plans for […]
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Saudi Aramco, Partners Launch Offshore Focused Shipyard at Ras Al-Khair Industrial City
- January 3,2018
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- SUSTG Team
Saudi Aramco and partners announced a joint venture to build a shipyard on the kingdom’s east coast, part of the Saudi Arabian government’s drive to diversify the economy beyond oil. Along with UAE-based Lamprell, the National Shipping Company of Saudi Arabia (Bahri), and South Korea-based Hyundai Heavy Industries, Saudi Aramco says the shipyard will be focused on […]
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Omar Bahlaiwa Honored at Johns Hopkins Forum Alongside U.S. Congress Leaders
- December 8,2017
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- SUSTG Team
Omar Bahlaiwa, Saudi businessman, member of the board of directors of the Saudi-US Trade Group (SUSTG), member of the Saudi Committee for International Trade (CIT) and previously Secretary General of CIT as well as acting Secretary General for the Council of Saudi Chambers of Commerce was honored at the Annual Transatlantic Economic Forum held at the Johns […]
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Trump Administration, Saudi Government at Odds over Yemen Blockade, Jerusalem Decision
- December 7,2017
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- SUSTG Team
In an unusual public demand of Saudi Arabia, President Trump has called on Saudi leaders to ease the blockade of Yemen to allow for humanitarian aid to assist the war-torn and decimated country. “I have directed officials in my administration to call the leadership of the Kingdom of Saudi Arabia to request that they completely […]
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Energy Secretary Rick Perry Meets with Top Saudi Leaders; Photos from Visit Go Viral
- December 6,2017
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- SUSTG Team
U.S. Secretary of Energy Rick Perry visited Saudi Arabia over the weekend as part of a tour of three Gulf states, his first trip to the region since becoming the top U.S. energy official. Secretary Perry’s tour of Saudi Arabia was packed with events and visits with key Saudi officials as well as energy institutions in the […]
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UAE, Saudi Arabia to form new ‘Joint Cooperation Committee’
- December 5,2017
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- SUSTG Team
The United Arab Emirates on Tuesday announced it has formed “a new economic and partnership group” that is a “joint cooperation committee” with Saudi Arabia, separate from the Gulf Cooperation Council, in a move that further emphasizes Saudi-UAE alignment amid a diplomatic crisis with member state Qatar. The Emirati Foreign Ministry announcement was made just hours ahead of a […]
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MUST-READS
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Refugees: EUAfter hard journeys to Europe, who gets to stay?
Saying its generous system has become an incentive for more and more migrants to rush into Europe or die trying, Germany is preparing a new crackdown on those it says should leave. That has thrust this nation of 81 million to the center of the debate over perhaps the biggest question of the crisis: Of the hundreds of thousands of migrants coming, who gets to stay?
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Afghanistan - PakistanAmid Ongoing India-Pakistan Clashes, Is Diplomacy Possible?
Since becoming independent in 1947, India and Pakistan have fought three wars. Two of them have been over Kashmir, which they both claim in full but rule in part.
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Syria: RussiaDoes Putin Have a Plan for Syria?
If there was any doubt about who’s fueling this war, now Moscow reportedly plans to supply Assad with an annual 200,000 tons of liquefied petroleum gas through Kerch, a port in the Crimean peninsula, which Russia annexed from Ukraine in March 2014.
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War in YemenWhat does the return of Yemen’s exiled prime minister mean?
The newly returned government's focus will be on restoring security and stability, first to Aden and then to the country, an official told the Associated Press. Yemeni President Abed Rabbo Mansour Hadi remains in exile in Riyadh.
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Saudi-USWhat does California have in common with a decades-old Saudi Arabian water mystery?
A decade ago, reports began emerging of a strange occurrence in the Saudi Arabian desert. Ancient desert springs were drying up.
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Syrian RefugeesPerspective: Are Syrian refugees a security threat to the Middle East?
hey are now leaving these countries because life there has become increasingly untenable: diminishing aid funds have left refugees with scant resources to buy food and other necessities; opportunities for work, study and accessing basic services are declining, and life has become more dangerous because of tension with the local populations.
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Islamic StudiesWhy did a Saudi billionaire donate $10 million to Yale?
The Abdallah S. Kamel Center for the Study of Islamic Law and Civilization was established to satisfy a growing interest at Yale and other universities in Islamic law and culture, said school officials.
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SyriaHow will Syria’s war end? Other civil wars suggest an answer
To envision how the Syrian civil war might ultimately end, it’s helpful to think through how civil wars end in general, and then ask which approach might apply in this case.
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Gulf AirlinesDo Qatar, UAE Airlines Threaten US National Security?
The big three U.S. airlines — American, Delta and United — have long claimed that massive subsidies from the UAE and Qatari governments unfairly prop up Emirates, Etihad Airways, and Qatar Airways. Now they’re saying it’s bad for U.S. national security as well.
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IRGCIran’s elite military is entangled in regional wars. Mission creep?
“It worked well when it was low cost, but now it is high cost.… There is no Saddam Hussein who insulted the Iranian nation as a whole” as a national motivating factor, as in the 1980s, says Mr. Posch. “This is a war of their own liking, for the purpose of power projection. But they’ve been too ignorant of the fear of the small Gulf countries; too ignorant about the fears of the Saudis.”
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