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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 […]

     
  • 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 […]

     
  • 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 […]

     
  • Eid Greetings from SUSTG
     

    Best Wishes from the SUSTG Team on the Occasion of Eid Al Fitr.

     
  • 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 […]

     
  • 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 […]

     
  • 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 […]

     
  • Saudi Non-Oil Exports Drop, Imports Grow in 1Q 2015
     

    Latest figures released by Saudi Arabia’s Central Department of Statistics show Saudi nonoil exports dropped by 14.5 percent, to $12.5 billion in the first quarter of 2015 compared to 1Q 2014. Meanwhile, Saudi imports are up by 6.88% in the first quarter of this year, to $43 billion.  Plastic and rubber products topped the Kingdom’s list […]

     
  • Large Jump in May Oil Shipments to China Moves Russia Past Saudi Arabia
     

    Russia has leaped ahead of Saudi Arabia as the top oil supplier to China, according to Bloomberg, as the race to supply the world’s second-largest oil consumer heats up.  Bloomberg: “China imported a record 3.92 million metric tons from its northern neighbor in May, according to data emailed by the Beijing-based General Administration of Customs on Tuesday. […]

     
  • A Saudi-Russia Thaw?
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman visited Russia today amid growing evidence of a thaw in Saudi-Russian relations. With the headline of “Saudi Arabia and Russia to cement ties,” the English language daily Arab News reports that Deputy Crown Prince Mohammed bin Salman “will seek to cement economic, cultural, political and trade relations […]

     

MUST-READS

  • Saudi Arabia welcomes Sudanese government’s decision to reopen border crossing to aid

    Saudi Arabia on Thursday welcomed the Sudanese sovereign council’s decision to allow the use of the Adre border crossing with Chad for three months to enable the entry of aid into areas of the Darfur region. The Kingdom’s foreign ministry said it notes the positive impact of this step in addressing humanitarian needs, facilitating the delivery of aid, and ensuring the safety of humanitarian workers.

  • Saudi Arabia to Reduce Big Spending on Oil Sector, Goldman Says

    Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade. The Gulf kingdom will likely direct the majority of its funds, around 73% of total investments, into non-oil sectors by 2030, according to Goldman Sachs Group Inc., a shift from the bank’s earlier estimate of 66%.

  • The Houthis’ Achilles Heel

    In recent months, as the United States has struggled to deter and degrade the Houthis, Yemen’s United Nations-recognized government has worked to dramatically increase economic pressure on the group. The economy, in particular revenue and liquidity, is the Houthis’ Achilles heel. This is where the group is most vulnerable, and this is exactly where the government in Aden is pressing. This approach, however, also carries significant risks. In the short term, increasing economic pressure on the Houthis is likely to prompt them to reignite attacks on Saudi Arabia, while in the long term it could make reuniting Yemen into a single state all but impossible.

  • Saudi’s PIF explains impact intention in new campaign

    Saudi Arabia’s Public Investment Fund (PIF) has launched an educational content campaign to explain the relationship between its chosen sponsorships and its impact initiatives. In January, the sovereign wealth fund became a major sponsor of three major electric motorsport championships, including the FIA Formula E World Championship, as part of its mission to support the exploration of new sustainable technologies.

  • Saudi Arabia’s Digital Experience Maturity Index 2024 surges to 85%

    The index included the evaluation of 39 digital platforms according to four main perspectives that cover 20 themes. These perspectives included: measuring beneficiary satisfaction through the participation of more than 175,000 beneficiaries, in addition to evaluating the user experience, and the platforms’ mechanisms for dealing with their beneficiaries’ complaints.

  • Saudi Aramco seeks to deepen ties with China in petrochemicals and low-carbon solutions

    Saudi Aramco is looking to bolster ties with China in petrochemicals and low-carbon solutions, as the world’s largest oil and gas company seeks to diversify its business and support the net-zero goal of the world’s largest greenhouse gas emitter. “Our relationship with China has grown far beyond crude oil sales to develop into a more extensive, diversified and strategic bilateral collaboration,” Mohammed Al Qahtani, the downstream president of Aramco, said in an emailed interview with the Post.

  • DP World’s first-half profit more than halves amid Middle East tensions

    Dubai-owned ports and logistics company DP World reported a 59% drop in first-half profit on Thursday, as it grappled with shipping disruptions in the Red sea linked to the ongoing Israel-Hamas war in Gaza.  Analysts say Middle East ports like those in the Gulf have lost out on trans-shipment traffic as ocean freight firms re-route ships around the southern tip of Africa to avoid missile and drone attacks in the Red Sea, carried out by Yemen's Houthi militants since October.

  • Brewers tap growth of zero-alcohol beers in Middle East

    Egyptian Mohannad Abdelazeem, 35, doesn't drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz - alcohol-free beers. Brewers including Carlsberg and Anheuser-Busch InBev (ABI.BR), opens new tab say interest is growing in such booze-free brews across the Middle East and North Africa, presenting opportunities in a region with some of the lowest alcohol consumption rates globally.

  • Oil prices settle 1% lower after surprise rise in US crude stockpiles

    Oil prices settled 1% lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries eased slightly that a wider Middle East conflict could threaten supplies from one of the world's major regions for crude production. Brent crude futures closed 93 cents lower, or 1.15%, at $79.76 a barrel. U.S. West Texas Intermediate crude futures fell $1.37, or 1.8%, to $76.98 per barrel. U.S. crude inventories rose by 1.4 million barrels, compared with estimates for a 2.2 million barrel drop, data from the U.S. Energy Information Administration showed. The build was the first after six straight weeks of draws.

  • Commentary: Does Kamala Harris Have a Vision for the Middle East?

    But like the Hotel California, the Middle East doesn’t let you leave, even after you check out. Obama and Trump both made historic deals purportedly to increase stability in the region and allow the United States to pivot elsewhere. But unexpected events popped up for both as well as for Biden, pulling them back in and leading them to expend much of their energy there.