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Historic Change Opens Up Saudi Arabia to Foreign Tourists, Relaxes Dress Restrictions
- September 27,2019
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- SUSTG Team
Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. Until today, visas were largely restricted to pilgrims, business travelers and expatriate workers, leaving much of Saudi Arabia – including 5 UNESCO World Heritage sites, […]
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Saudi Arabia’s Financial Sector Development Program Sees ‘Fair Level of Progress’, Report Says
- September 20,2019
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- SUSTG Team
A recently-released report from Jadwa Investment finds “a fair level of progress on most areas” in the Kingdom’s important Financial Sector Development program (FSDP), encouraging news for the diversification of Saudi Arabia’s economy and modernization of its financial sector. The FSDP, one of the Kingdom’s Vision 2030 ‘Vision Realization Programs’ (VRPs), aims to develop a diversified […]
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Saudi Arabia will Continue Efforts to Raise Oil Prices with Compliance on OPEC+ Production Cuts
- September 12,2019
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- SUSTG Team
Saudi Arabia’s new minister of energy Prince Abdulaziz bin Salman said the Kingdom would continue to overcomply voluntarily with oil output cuts agreed by the OPEC+ producer alliance, Reuters reports, as the Saudi Arabia hopes to push the price of oil higher. The comments from the new minister came after a meeting of ministers from […]
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Saudi energy ministry appoints new head of REPDO, the Kingdom’s renewables body
- September 6,2019
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- SUSTG Team
Saudi Arabia’s energy ministry has appointed a new head of its renewable energy project development office (REPDO) as the Kingdom pushes ahead with ambitious plans to integrate more renewable energy as part of its Vision 2030 economic and social reform plan. Faisal Al-Yemni, who was previously chief executive at GCC Assets Investment and Development Company and has […]
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Women in Saudi Arabia begin exercising new travel rights as reforms progress
- August 23,2019
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- SUSTG Team
Saudi women are beginning to exercise their new rights to travel without guardian approval as the Kingdom continues to enact progressive reforms as part of its Vision 2030 social and economic blueprint. This week’s announcement by the Departments of Passport and Civil Status that the organization has begun enforcing the amended Travel Documents Law and regulations […]
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Saudi Aramco Picks Advisors for Second Run at Initial Public Offering
- August 21,2019
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- SUSTG Team
Saudi Aramco has made first selections for financial partners in its rejuvenated attempt to file for an initial public offering (IPO), choosing Bermuda-based Lazard Ltd. and Moelis & Co. as advisors, people with knowledge of the matter told Bloomberg. “The boutique investment banks have started preparatory work on the offering, according to the people, who asked not to be […]
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U.S. Ambassador to Saudi Arabia Praises Kingdom’s Generosity and Hospitality during 2019 Hajj
- August 16,2019
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- SUSTG Team
US Ambassador to Saudi Arabia John Abizaid praised the Kingdom’s hospitality during this year’s Hajj season, noting Saudi Arabia’s generosity was “truly on display for the world to see.” “On behalf of the United States Mission to Saudi Arabia I would like to extend our best wishes to all Muslims in Saudi Arabia and around the world […]
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UAE’s Sheikh Mohamed bin Zayed Visits Jeddah, Mecca for Meetings with Top Officials
- August 13,2019
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- SUSTG Team
The Crown Prince of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, arrived in Jeddah today for talks with Saudi Arabia’s top leaders, according to reports. The Crown Prince was received at King Abdulaziz International Airport in Jeddah by Prince Khalid bin Salman bin Abdulaziz, Deputy Minister of Defense and former Saudi Ambassador to […]
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2019 C3 U.S.-Arab Healthcare and Business Summit Set for Monday, September 23rd at the Union League Club in New York
- August 6,2019
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- SUSTG Team
The 8th annual C3 U.S.-Arab Healthcare and Business Summit is set to take place on Monday, September 23rd, 2019 at the Union League Club in New York City. Organized in cooperation with the U.S. State Department and the U.S. Chamber of Commerce, this year’s event takes place under the banner, “Fortifying the Globalization of Healthcare and […]
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Jadwa Investment Sees Non-Oil Sector Growth in Saudi Arabia at 2.4% in 2019
- July 11,2019
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- SUSTG Team
A recent report issued by Jadwa Investment shows expected growth in the non-oil sector at 2.4 percent in 2019, compared to 1.7 percent in 2018, and forecasted 2020 non-oil sector growth at 2.7 percent. “Our economic forecast for the Kingdom has been revised down wholly on the account of developments related to the oil market…On the non-oil side, however, we see […]
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MUST-READS
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YemenYemen Crisis Looms as Kerry Meets With Iranian Counterpart on Nuclear Deal
Secretary of State John Kerry held his first meeting with his Iranian counterpart on Monday since an initial nuclear accord was announced in Lausanne, Switzerland, early this month.
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War in YemenFirst Saudi National Guards reach Yemen border zone
They will join members of the border guard and the army who have reinforced the frontier since March 26 when a Saudi-led coalition began air strikes against Shiite Huthi rebels and their allies in Yemen.
- ABC News - UN Chief Appoints New Yemen Special Envoy
- NYT (paywall) - Saudi-Led Air Campaign Resumes in Yemeni Capital
- WSJ (paywall) - Former U.N. Envoy Says Yemen Political Deal was Close Before Saudi Airstrikes Began
- Defense One - Saudi Arabia Is Killing Its Chances For Success in Yemen
- Al-Arabiya - Hadi supporters make gains in Yemen’s Taez
- News Daily - Fighting escalates across Yemen, air strikes on capital Sanaa
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War in Yemen: Bab Al MandebOil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014
While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and North America, as well as European and North African oil exports to Asia. Although the strait is 18 miles wide at its narrowest point, tankers passing through must use two 2-mile-wide shipping channels.
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YemenAl Qaeda poses new risk to Saudi security amid Yemen turmoil
As Saudi Arabian air strikes have hammered Yemen over the past month, Riyadh's Western allies are believed to have grown increasingly worried by al Qaeda in the Arabian Peninsula (AQAP) taking advantage of the chaos to capture more ground.
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War in YemenIranian ships moving away from Yemen: U.S. official
Iranian ships are moving northeast away from Yemen, a U.S. official said on Thursday after a convoy of Iranian cargo ships prompted U.S. concerns that Tehran was sending weapons into the region.
- Reuters - Yemen factions divided over peace talk terms
- BBC News - Yemen conflict: Saudis launch new air strikes on rebels
- Saudi Gazette - Saleh ‘out of Yemen’; destination unknown
- CNN - Amid Saudi Arabia's airstrikes in Yemen, Houthis call for peace talks
- AP - UN chief nominates new special envoy to Yemen amid chaos
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Al-Qaeda in the Arabian PeninsulaWhat AQAP’s Operations Reveal about Its Strategy in Yemen
The recent takeover of Yemen’s fifth largest city of al-Mukalla by al-Qaeda in the Arabian Peninsula (AQAP) highlights the growing strength of the organization. While AQAP has certainly taken advantage of the more chaotic environment as a consequence of the Houthi’s war in the south and the Saudi air campaign, the group has in fact been gearing up its own overt military campaign since last summer. Therefore, even if there is an eventual ceasefire between the Houthis and the Saudis, AQAP will continue fighting and operating on its own terms.
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War in YemenFew Signs of Diplomacy in Yemen
Four weeks on, all sides party to the conflict have publicly expressed interest in reaching a political compromise. However, a viable diplomatic opening remains elusive.
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OilOil slips on rising U.S. stockpiles, Saudi ending Yemen airstrikes
Crude-oil futures slipped Wednesday, dented amid expectations U.S. oil stockpiles will continue to rise and after Saudi Arabia halted its air campaign in Yemen.
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StocksSaudi Arabia Tadawul rises after ending Yemen air strikes
Saudi Arabia's stock market rose in early trade on Wednesday after the Riyadh government said it had ended a campaign of air strikes against Yemen's Houthi rebels. Egypt's market remained soft.
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Mohammed bin SalmanYoung prince Mohammed bin Salman leads Saudi Arabia’s war in Yemen
"He is the strong man in Saudi Arabia," a Western diplomatic source said. "Look what this man is controlling," including access to the king. "He oversees everything important which is going on in this country."
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