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Recent stories from sustg
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Difficult Times for the Saudi Binladin Group
- May 5,2016
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- SUSTG Team
The Saudi Binladin Group (SBG) is facing its toughest challenges in the construction giant’s 85 years of operation as tightened government spending and a 8-month restriction on new projects in the pipeline has undermined the company’s finances. Saudi Binladen has announced a reduction in jobs totaling 77,000, or about one-third of its total workforce. “The […]
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The 5 Major Changes Saudi Arabia’s Capital Markets Authority Made to Increase Foreign Investment in the Saudi Stock Market
- May 3,2016
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- Lucien Zeigler
Saudi Arabia’s Capital Markets Authority (CMA) has significantly lowered the barriers to entering the Saudi stock market as a foreign investor and increased the amount which a foreigner may own of a Saudi company, the bourse announced in a release today. “These rules were implemented with the aim of raising the bar in relation to investing […]
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Commentary: Saudi Arabia’s Vision 2030, Don’t Miss the Point
- April 29,2016
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- Richard Wilson
While Saudi Arabia’s Vision 2030 was formally endorsed by the Saudi Council of Ministers and published on April 25, 2016, anticipation about the plan had been building for months. McKinsey & Company’s 165-page Moving Saudi Arabia’s Economy Beyond Oil in December 2015 confirmed the depth of the analysis underway within the Saudi government while Deputy […]
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Deputy Crown Prince Mohammed bin Salman Opens Up on Personal History; ‘Vision for the Kingdom of Saudi Arabia’
- April 22,2016
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- SUSTG Team
In his second exclusive and wide-ranging interview with Bloomberg, Saudi Arabia’s deputy crown prince, chair of the Council of Economic and Development Affairs (CEDA), and minister of defense opened up on his rise to power, his initial struggles and ultimate acceptance under the late King Abdullah, and his fondness for Winston Churchill and Sun Tzu’s The […]
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As President Obama Heads to Saudi Arabia, Economic Cooperation and Enhanced Bi-Lateral Security Will be on Agenda
- April 15,2016
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- Lucien Zeigler and Richard Wilson
As President Obama heads to Saudi Arabia next week to meet with HRH King Salman and attend a GCC summit, familiar topics as well as new issues will be on the agenda for the President’s 3rd official visit to Saudi Arabia and second meeting with King Salman since September. Along with long-standing regional and security concerns that require U.S.-Saudi […]
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In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
- April 8,2016
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- SUSTG Team
In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]
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Crown Prince Mohammed bin Naif Joins Twitter
- April 7,2016
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- SUSTG Team
Following the lead of King Salman and other top Saudi government officials, Saudi Arabia’s Crown Prince has joined the social microblogging website Twitter using the handle @M_Naif_Alsaud. The Crown Prince chairs the Council of Political and Security Affairs (CPSA) and is Minister of Interior of Saudi Arabia. His first tweet, sent on April 5, 2016 […]
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Saudi Arabia was world’s third largest military spender in 2015, surpassing Russia
- April 6,2016
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- SUSTG Team
Saudi Arabia surpassed Russia in military spending for 2015 to be the world’s third largest spender on defense, according to a new report by the Stockholm International Peace Research Institute (SIPRI). The United States retained its top position globally in total military spending in 2015, accounting for almost one-third of all military spending globally. The […]
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Saudi Arabia taking ‘unprecedented hands-on role in housing finance and development’
- April 4,2016
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- SUSTG Team
Saudi Arabia’s housing minister Majed al-Hogail gave an interview with Bloomberg last week in which he discussed the government’s plans to create its own development company and start a mortgage-guarantee fund to encourage banks to increase lending for Saudis. “‘We are looking to improve the productivity of the local developers’ but also trying to attract international […]
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Throwback: Photos of King Salman at King Saud University, 40 Years On
- March 31,2016
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- SUSTG Team
Recently released photos by the Saudi Press Agency (SPA) show King Salman at the King Saud University roughly 40 years ago, as the then-prince assisted in shaping the Riyadh-based University to be what it is today. King Saud University (KSU) is billed as “the premier institution of higher education in the Kingdom of Saudi Arabia. Prince […]
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MUST-READS
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U.S. - IsraelWhere do strained U.S.-Israeli relations go after Netanyahu’s victory?
“On the way to his election victory, Netanyahu broke a lot of crockery in the relationship,” said Martin Indyk, executive vice president of the Brookings Institution and a former U.S. ambassador to Israel. “It can’t be repaired unless both sides have an interest and desire to do so.”
- Foreign Policy - From Tel Aviv to Turtle Bay
- Time - What Netanyahu’s Victory in Israel Means for the World
- Daily Beast - Bibi’s Ugly Win Will Harm Israel
- American Interest - Bibi Is Back: The Consequences for U.S.-Israeli Relations
- WSJ (paywall) - U.S. to ‘Re-Evaluate’ Mideast Peace Strategy
- Brookings Institution - How Bibi pulled it off
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BahrainDoes Iran have a card to play in Bahrain?
“Everywhere, except in Bahrain, movements descended into violence. This is not because the people of Bahrain are incapable of using weapons or that weapons cannot be delivered to Bahrain. Bahrain is like any other country in the world and it is possible to send weapons and fighters even to the most tightly controlled countries in the world."
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Saudi Stock MarketCould opening the Tadawul to foreigners be the worst timed stock market launch since the Nasdaq Dubai?
Although no fixed date has been announced, investors are anticipating that Tadawul will open to foreign investment by large investors in the first half of 2015, with plans already at an advanced stage. The Capital Markets Authority of Saudi Arabia published draft regulations on the types of funds that will be able to invest at the end of 2014, sparking excitement across the markets.
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Baby NamesApple, Dweezil or Zaqam? Naming newborns in Saudi Arabia
The most circulated names in the Kingdom include Mohammad, Fahd, Abdullah, Abdulrahman, Turki, Bandar, Omar, Ali, Fatima, Aisha, Nora, Hessa, Sheikha, and Maha. Parents are no longer calling their children a variety of odd names, including Rashash (a gun machine), Zaqam (to do with the mouth) and Najar for boys, as well as Faziah (one who is afraid) and Mureibah (fearful) for girls.
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Iran NegotiationsUS, Iran press for nuke pact; lesser announcement on table?
The United States and Iran plunged back into negotiation Sunday, hoping to end once and for all a decades-long standoff that has raised the specter of an Iranian nuclear arsenal, a new atomic arms race in the Middle East and even a U.S. or Israeli military intervention. Two weeks out from a deadline for a framework accord, some officials said the awesomeness of the diplomatic task meant negotiators would likely settle for an announcement that they've made enough progress to justify further talks.
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U.S. - IsraelCan US-Israeli relations be repaired after Israel’s election?
According to a 2014 Pew Research Center survey, younger Americans tend to offer less support for Israel than adults over 50. The survey found that “a 39 percent plurality of those over 50 say Israel’s response to the conflict has been about right, compared with 22 percent who say it has gone too far. Among those under 50, about as many say Israel’s actions have been excessive (29 percent) as appropriate (33 percent).”
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U.S. - SaudiThe US and Saudi Arabia: Marriage of Convenience on the Rocks?
This vision of the revival of Islam as a religion of peace, tolerance, and scientific innovation is one that only Muslims can put forward. It is needed to oppose the dark fantasies and constipated religiosity of Da’ish. Under `Abdullah, Saudi Arabians had begun subtly to make these arguments. We must hope not only that they will continue this effort under King Salman but that we will have the wit to back them in this endeavor, in which we must lead from behind.
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Prince AlwaleedWill Saudi Prince Alwaleed invest in Snapchat?
But the social media upstart apparently has no problem making its recent rendezvous with Saudi Prince Alwaleed Bin Talal something for the permanent record.
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Saudi-TurkeyAre Turkey, Saudi Arabia working together against Iran?
Turkish and Saudi views on regional issues do not always coincide, both Ankara and Riyadh have kept their bilateral relations away from regional squabbles.
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Sunni and Shiite IslamSunni and Shiite Islam: Do you know the difference? Take our quiz.
Most of the world's major religions are made up of multiple sects or denominations, and Islam is no different. Islam's two major sects are the Sunnis and the Shiites, and the division and interplay between the two is a major factor in the geopolitics of the Middle East. How well do you understand Sunni and Shiite Islam? Take our quiz and find out!
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