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Recent stories from sustg

  • Formidable
     

    Although many in the intelligence community assert that American (at least) foreign policy leaders had been alerted to the threat of re-emerging Sunni extremism in Iraq, the seemingly sudden appearance of ISIS (also Islamic State, IS, ISIL or Da’ish) in June 2014 has forced the United States along with its regional allies, Europe and even […]

     
  • Where are U.S. Airstrikes Bombing Islamic State Locations in Iraq From?
     

    Craig Whitlock in the Washington Post reports that recent U.S. airstrikes into Iraq on Islamic State targets are taking off from bases in Qatar and the UAE in addition to aircraft carriers in the Arabian Gulf, but neither government is directly admitting it at this time. That the U.S. is using Gulf allies as their […]

     
  • How Chairman and Owner of the Atlantic David Bradley Played a Key Role in Journalist’s Release
     

    Adam Goldman and Karen DeYoung detail in the Washington Post the role of David Bradley, Chairman and Owner of the Atlantic Media Group, and how the executive worked with an unnamed FBI Agent and Ghanim Khalifa al-Kubaisi, the chief of Qatar’s intelligence service, to free Peter Theo Curtis from captivity in Syria. The article draws […]

     
  • The Good Stuff
     

    So, Walid, this Saudi student at the University of Southern California was in Pennsylvania talking with some Amish farmers about their camels… A lot has been made of the King Abdullah Scholarship Program (KASP) established in 2005 to encourage Saudi students to study abroad. It is a truly ambitious enterprise that has propelled 150,000+ Saudi […]

     
  • Sfakianakis: ‘The great giant of the emerging markets has finally awakened’
     

    Saudi Arabia’s stability in contrast to many of its neighbors in the Middle East region is a cause for optimism for the Kingdom’s economy and future, writes John Sfakianakis in the Financial Times’ Beyond Brics blog. Noting that those who argue that the Kingdom is the next destination for turmoil have “been thinking that for […]

     
  • Stanford, KACST Team Up for Six Year Collaborative Partnership on Aerospace Research
    • August 5,2014
    • •
     

    Stanford University and Saudi Arabia’s KACST have launched a new six-year collaborative research partnership to establish a center to develop new liquid rocket fuels for satellite applications, according to the Northern California-based university.

     
  • 35 percent of hotel rooms in Dubai occupied by Saudi Citizens on Summer Vacation
     

    Saudis are escaping the heat in the Kingdom by flocking to destinations abroad, but many aren’t making it far – a recent report in the Saudi Gazette finds that many are flocking to neighboring Dubai, a popular vacation spot for Saudis during the summer months. The Saudi Gazette reports that the high rates of Saudis […]

     
  • Europe’s Role in Bankrolling Terror Groups Around the World
     

    European governments that bargain with Al Qaeda and other terrorist organizations for kidnapped citizens are inadvertently filling the coffers of those organizations, according to this report by Rukmini Callimachi in the New York Times. Collectively, these countries are “underwriting jihad,” providing extremist groups with “at least $125 million in revenue from kidnappings since 2008, of […]

     
  • Strike hits shelter in Gaza
     

    He tweeted that coordinates of the shelter in Beit Hanoun had been provided to the Israeli army before the strike as a precaution, an effort to prevent a strike on it. The shelter is in an area in northern Gaza that has been the scene of tremendous violence recently.

     
  • The Saudi Stock Exchange is Opening Up to Foreign Investment
     

    The Saudi Stock Market, also known as the Tadawul All-Share Index or TASI, will open up to foreign investment to money managers outside the GCC for the first time, Bloomberg reports citing the official Saudi Press Agency. “The oil-rich kingdom’s cabinet authorized the Capital Market Authority to allow overseas financial institutions to buy and sell […]

     

MUST-READS

  • Saudi rig suspensions slow Middle East offshore growth prospects

    Maritime Strategies International (MSI) has scaled back its projection for jackup drilling demand in the Middle East Gulf region, following Saudi Aramco’s decision to suspend contracts for over 20 jackups. The analyst now expects growth in the region of 1%, down from its previous estimate of 4%, mainly supported by activity in Qatar and the UAE to fulfill their respective oil and gas production targets.

  • Bodies trapped in Gaza City under Israeli assault as mediators push for truce

    Residents of Gaza City were trapped in houses and bodies lay uncollected in the streets under an intense new Israeli assault on Thursday, even as Washington pushed for a peace deal at talks in Egypt and Qatar. Hamas militants say a heavy Israeli assault on Gaza City this week could wreck efforts to finally end the war just as negotiations have entered the home stretch. Home to more than a quarter of Gaza's residents before the war, Gaza City was destroyed during the first weeks of fighting last year, but hundreds of thousands of Palestinians have returned to homes in the ruins. They have now once again been ordered out by the Israeli military.

  • Coffee is getting more expensive thanks to climate change

    The price of a standard contract — a 100-piece lot of 60-kilogram bags — topped $300 on Tuesday before settling slightly lower. The commodity is up nearly 28% for the year and 56% compared to a year ago. Like with cocoa, coffee harvests are shrinking because of climate change. The Wall Street Journal reported earlier this year that soaring global temperatures and fluctuating rainfall patterns are making it harder for traditional exporting nations like Vietnam, Indonesia, and Brazil to maintain harvest levels.

  • Saudi Arabia Continues Airdrop Operations of Quality Food Aid to Gaza in Cooperation with Jordan

    The Kingdom of Saudi Arabia, through the King Salman Humanitarian Aid and Relief Centre (KSrelief), has continued airdrop operations of quality food aid for those affected in the Gaza Strip, in cooperation with the Hashemite Kingdom of Jordan. A food airdrop operation was conducted yesterday in the Al-Mawasi area west of Khan Younis in southern Gaza, in collaboration with the Jordan Armed Forces-Arab Army, aiming to break the blockade imposed by Israeli occupation forces on the land border crossings.

  • Saudi Arabia and Syria resume regular flights as thaw with Assad advances

    A passenger plane operated by Syria’s national airline landed at Saudi Arabia’s King Khalid International Airport on Wednesday, marking the resumption of regular commercial flights between the two countries after a hiatus of more than 10 years. The state-owned Riyadh Airports Company organized a ceremony at the Saudi airport to welcome the Syrian Airlines flight, in the presence of Syria’s ambassador to Saudi Arabia, Ayman Soussan, and a number of Saudi officials in the air transport sector, Syria's official news agency SANA reported.  

  • Nike’s first campaign in Saudi Arabia: ‘What if you can?’ video goes viral

    Sportswear giant Nike has come out with its first campaign in Saudi Arabia and the online commercial ‘What if you can?’ has created a lot of buzz on social media. The one-minute and 35-second video is aimed at inspiring young girls in conservative Saudi Arabia to back their potential and take up a sport. The online campaign has already amassed more than 37 million views on YouTube. It opens with schoolgirls playing a game of football and the ball stops at a female student sitting on the steps of a school. One of the students asks her in Arabic, ‘Want to play? Let’s go’.

  • SAMA Regulations Enhancing Saudi Islamic Banks’ Transparency, Sharia Governance

    Islamic finance-specific rules issued by the Saudi Central Bank (SAMA) over 2020–1H24 are enhancing Islamic banking regulations to some extent, says Fitch Ratings, through better transparency and reporting requirements, standardisation and sharia governance, and increased consumer confidence in the products’ sharia-compliance. While the Saudi Islamic banking market is the largest globally, and we expect the operating environment to be favourable over 2H24–2025, persisting issues include low standardisation, still-developing Islamic-finance regulations, and fragmented disclosures.

  • Middle East crises loom in background as NATO leaders gather in Washington

    While this year's summit is expected to focus largely on the ongoing war in Ukraine, Iran's military support for Russia and Turkey's strategic balancing act with Moscow are expected to weigh on NATO leaders gathered in Washington.
    Read more: https://www.al-monitor.com/originals/2024/07/middle-east-crises-loom-background-nato-leaders-gather-washington#ixzz8faCZA4X1

  • Opinion: Normalization with Saudi Arabia is a golden opportunity for Israel

    Normalization will lead to the establishment of a regional security alliance and the reversal of the negative strategic trends for Israel since October 7. The moderate alliance will stand up against Iran and the resistance camp and open the door to PA participation while establishing a governing alternative to Hamas in the Gaza Strip and renewing a political process in the Israeli-Palestinian conflict arena.

  • Tadawul: Net foreign buys up to SAR 11.4B in H1 2024, Saudis net buyers of SAR 11B

    Foreign investors were net buyers of about SAR 11.43 billion worth of stocks on the Saudi Exchange (Tadawul) in H1 2024, registering a hike of 50% from SAR 7.63 billion in H1 2023, according to data issued by Tadawul.