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Recent stories from sustg
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Saudi Drawdown on Reserves Continues, but Slows to Lowest in 8 months – Jadwa Chartbook
Saudi Arabia continued to drawdown on reserves in June, but at the lowest rate in 8 months, according to a recently released report by Jadwa Investment. Riyadh-based Jadwa found net withdrawals from Saudi government accounts fell to their lowest point in eight months, with $3 billion of net withdrawals in June while foreign reserves fell by $7.6 billion […]
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‘ISIS Offshoot’ Claims Responsibility for Terrorist Attack in Asir as Images Emerge of Aftermath
An alleged new branch of ISIS in Saudi Arabia has claimed responsibility for an attack that targeted a mosque used by police special forces in the kingdom’s southwest, according to latest reports. The suicide bomber attacked a mosque inside a local security force headquarters in Abha, the capital of Saudi Arabia’s south western province of Asir, […]
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Saudi Stock Market Faces Tough July: Value of Shares Traded Tumbles 25% but Market Seen As ‘Resilient’
The kingdom’s Tadawul All Share Index has retreated 4.2 percent since the end of June as value of shares traded for July decreased 25 percent over the previous month, according to reports. However, compared with the significant drop in Brent Crude oil of 21 percent in that period, the market has “shown its mettle” in what […]
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In Egypt, Deputy Crown Prince Mohammed Bin Salman Signs ‘Declaration of Cairo’ as Ties Strengthen
Deputy Crown Prince Mohammed bin Salman and Egypt’s President Sisi signed the “Declaration of Cairo,” a document said to “reinforce the strategic alliance between Egypt and Saudi Arabia,” according to reports. The pact aimed at boosting military and economic ties between the two Arab allies “stressed the need to exert all efforts to boost security […]
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Promising Breakthrough in MERS Vaccine as Infections Continue in Saudi Arabia
Two different animal studies yielded promising findings about a two-step vaccine strategy against the MERS-CoV virus, according to reports, as Saudi Arabia and South Korea continue to battle the disease. According to the Saudi Gazette and agencies, “vaccinated mice produced antibodies that neutralized MERS strains, according to a study from the US National Institute of […]
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Is SABIC Looking to Invest in U.S. Shale?
SABIC CEO Yousef al Benyan said the company is looking to expand its interests in U.S. shale gas through joint venture projects, according to a report in Bloomberg. SABIC has signed an agreement with Houston, Texas-based Enterprise Products Partners L.P. to get shale gas, according to the report, to be used in the United States or […]
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Eid Greetings from SUSTG
Best Wishes from the SUSTG Team on the Occasion of Eid Al Fitr.
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New Officials Named for Top Housing, Royal Court Posts
Saudi Arabia appointed a housing minister with a background as a real estate developer on Monday and appointed a new head of the Royal Court, according to decrees issued by King Salman and reports by the Reuters news agency. Majed al-Hogail, former managing director of Rafal Real Estate Development Co, a private firm owned by Saudi […]
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Video Remarks: President Obama Hosts Iftar Dinner at the White House
President Obama hosted an Iftar dinner Monday night to mark Ramadan, and invited guests to break their fast at the White House. The Iftar is the evening meal after sunset that concludes the daily fasting during the month of Ramadan. The dinner was President Obama’s 7th Iftar celebration at the White House, and the President used […]
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Saudia’s ‘Largest aircraft leasing deal in history’ to include 50 Airbus planes
According to a press release, Saudia is set to lease 50 Airbus planes as the national carrier of Saudi Arabia expands its fleet, including 30 Airbus aircraft of A320-200 model and 20 aircraft of A330-300 model. In a statement last week, Airbus confirmed that Saudia will become the first airline in the world to operate the new Airbus […]
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MUST-READS
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Is the Special Relationship Between the US and Egypt Over?
There are powerful elements in both the United States and Egypt that would prefer a resumption of tight relations, but a heavy cloud of mutual suspicion will likely prevent the type of public partnership seen in the past, says CFR’s Steven Cook.
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Saudi Oil Minister Naimi: ‘Why should we cut production?’
Saudi Oil Minister Ali al-Naimi shrugged off suggestions that the world's biggest crude exporter might cut production to halt tumbling prices, saying the Kingdom's output had remained steady through last month.
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Do Americans Care About the Israeli-Palestinian Conflict?
It’s well recognized that the level of public passion on issues varies, and those who care most about the issue matter the most for policy makers. Overall, Americans who rank the Israeli-Palestinian issue among the top three tend to want the United States to lean toward Israel more. But this is not necessarily a clear indication of what policy should be, in part because of another issue that Americans rank highly in their priorities: human rights.
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Back on track? GCC railway to be completed in 2018
The GCC railway link project, which has been given top priority by the bloc’s leaders, would be completed by 2018, said Abdullatif Al-Zayani, GCC secretary-general. “The railway will increase trade and economic exchange between the member states,” he pointed out.
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200,000 dead? Why Syria’s rising death toll is so divisive
But this new figure is also a reminder of how little we really know about the death toll in Syria -- and why the figures we do have can become politically controversial. International bodies have publicly struggled to count the dead in Syria. At the beginning of this year, the United Nations announced it would stop updating its death toll due to concerns about its accuracy (it had last been updated in July 2013, when it stood at 100,000).
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Is Mohammed really the most common baby name in Britain?
Whatever side of that debate you fall on, its worth realizing that Mohammed has an advantage in these figures. In Islamic culture, there is a relative small number of names to choose from, and the practice of naming your first child after the Islamic prophet is fairly widespread. This means that a baby boy born to to an Islamic family is far more likely to be called Mohammed or a variant on it than a Christian boy is likely to be named Oliver (using the name Jesus is rare in most English-speaking countries).
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Could Hagel resignation signal shift in US strategy against Islamic State? (+video)
“There is no connection between the secretary’s resignation announced yesterday and the strategy that we’re pursuing against ISIL in Iraq and Syria – no connection whatsoever,” Rear Adm. John Kirby, Pentagon press secretary, said in a briefing Tuesday with reporters. “I wouldn’t draw from one any kind of conclusions or changes to the other.”
- Daily Beast - U.S. Hasn't Even Started Training Rebel Army to Fight ISIS
- Reuters - Russia's New Push for Syria Dialogue Unlikely to Be Fruitful
- McClatchy - Key provincial capital in Iraq may be about to fall to Islamic State
- TPM - Clemons: Hagel Deeply Frustrated By Obama Team's Lack Of Discipline
- AP - Iraq to overhaul Baghdad security to stop bombings
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Where will jihadis stripped of their passports go?
The new "temporary exclusion orders," it is proposed, will include passport cancellation, entry on a "no fly list," and sanctions against any airline carrying an "excluded" British citizen to the UK.
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What Will Jabhat al-Nusra and the Islamic State Do Next in Syria?
Jabhat al-Nusra’s behavior in Syria’s Hama and Idlib provinces, where it already has an extensive presence, offers the most significant indication of what it sees ahead. It knew that the moderate opposition had agreed several months ago to fight it in the future, as part of a U.S. effort to eliminate extremists and make a deal with the regime. And so its move against the U.S. and Saudi-backed Syrian Revolutionaries Front and Hazm Movement, in particular, was pre-emptive. But their threat was not imminent, suggesting that Jabhat al-Nusra is preparing to deal with other eventualities. It has become the main rebel force in the northwest, and has the capability to capture the opposition’s last two border crossings to Turkey, vital for rebel training and supply, humanitarian relief flows, and the movement of opposition activists and administrators.
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Why should Qatar reconcile with Egypt?
Qatar’s backing of the Muslim Brotherhood also increases the perception among Egyptians that it is a foreign-backed organization, contributes to the intransigence of the Brotherhood leadership and delays essential political reconciliation.
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