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Recent stories from sustg

  • Cyberattacks are nation’s top security threat
     

    Yesterday, Director of National Intelligence, James Clapper, testified before the Senate Intelligence Committee’s annual hearing on worldwide threats.  Mr. Clapper prioritized the threat of cyber attacks above all other threats.  “Our statement this year leads with cyber, and it’s hard to overemphasize its significance,” said Clapper, reading a statement on behalf of himself, FBI Director […]

     
  • Al-Rabiah to Promote Saudi Auto Industry in U.S.
     

    The U.S.-Saudi Arabian Business Council (USSABC) issued a press release today to announce a new conference in Michigan to promote the Saudi auto industry. H.E. Tawfiq al Rabiah, the Saudi Minister of Commerce and Industry, is listed as a confirmed speaker of the event, which will “bring together senior Saudi Government officials, major Saudi industrialists, […]

     
  • Top 10 Salaries In Saudi Arabia
     

    The 2013 Gulf Business Salary Survey suggests it is good to be a CEO or managing director in Saudi Arabia; especially if you are a banking professional.  The Survey also examines trends with regard to Arab, Western and Asian professionals and the impact of Nitaqat on small and medium sized companies.

     
  • Saudi Youth Filmmaking on the Rise
     

    Social media continues to catalyze Saudi Arabia in unpredictable ways.  Fatima Al-Arjan takes a look at the rise of video blogging ‘vloggers.’  Short videos – some 36 seconds at maximum – have proliferated.  While sometimes a platform for controversial posts, like many on-line communities, this one seems to be maturing. In a related item, female […]

     
  • Saudi Prince Alwaleed Joins Twitter
     

    HRH Prince Alwaleed Bin Talal has joined Twitter, the microblogging social network in which the Prince holds a 3% stake. In an announcement in both Arabic and English on his official handle, @Alwaleed_Talal, Alwaleed’s office noted that the businessman will soon be active on Twitter:   The Private Office of HRH Prince Alwaleed Bin Talal […]

     
  • Lockheed Nets $253 Million Training Contract
     

    US-based Lockheed Martin will provide Virtual Training Technologies in support of Saudi Arabia’s F-15SA Modernization Program. The news comes on the heels of a recent announcement that the company had set up a branch in Riyadh on February 8th.  — According to a Press Release, Lockheed Martin, the Bethesda, Maryland-based aerospace company, has received a contract […]

     
  • Keystone: Saudi Arabia’s First Idea Translation Lab
     

    Many people are familiar with the King Abdullah University for Science and Technology (KAUST) and it’s glittering $20 billion endowment.  Founded in 2009 and sited north of Jeddah on the Red Sea, KAUST intends to be a global caliber research university as well as an educational and social bellwether that allows co-ed education.  The KAUST […]

     
  • Saudi youth, the issue of unemployment and work ethic
     

    Abdulateef Al-Mulhim is a well-known Saudi commentator who is appreciated – at least here at SUSTG – for his willingness to take on sensitive topics and provide his particular perspective.  In this item he addresses the work ethic of young Saudis, a subject of much debate.  Not surprisingly, there are numerous facets to the discussion […]

     
  • Instagramming Riyadh
     

    Riyadh, Saudi Arabia is a beautiful city – one that is growing and changing at an impressive speed. Yet much of the Kingdom’s capital remains as it has for years. Traditional style housing and buildings, most of which are no higher than two stories, still dominate this sprawling city, but the gargantuan and glitzy new […]

     
  • Women Transforming the Middle East
     

    In this thoughtful interview with SUSRIS, Dr. Isobel Coleman, Council on Foreign Relations Senior Fellow, characterizes King Abdullah as a ‘committed incrementalist.’ An accurate description based on his steady push of reforms that are meaningful but are not, as some critics point out, decisive. Why doesn’t the King just declare that it is legal for […]

     

MUST-READS

  • How Fury-Usyk Saudi Arabia fight set up a future for boxing

    According to sources, Usyk-Fury generated upward of $50 million in pay-per-view revenue with 1.5-million-plus PPV buys (the vast majority from the U.K., where Fury is a megastar). The event also made $40 million in sponsorship and another $3 million-plus in ticket sales. All in -- production, fighter purses, entertainment, travel, etc. -- the event cost in the neighborhood of $120 million.

  • Saudi Arabia condemns storming of Al-Aqsa Mosque by Israeli officials, and extremist settlers

    Saudi Arabia on Wednesday condemned the storming of the Al-Aqsa Mosque in Jerusalem by a number of Israeli government officials, members of the Knesset, and extremist settlers. The Ministry of Foreign Affairs also condemned a move by Israeli authorities to allow extremists to organize a provocative march in the city of Jerusalem with the protection of the Israeli defense forces.

  • Will buyback scheme convince Iraqis to offload AK-47s, RPGs?

    In a bid to stem widespread armed violence, Iraq’s Ministry of Interior is pushing ahead with a program to encourage Iraqis to register or sell privately-owned weapons. In the latest phase of the four-year program, the government is now offering a buyback mechanism for arms such as rocket-propelled grenades (RPGs) and mortars.

  • Saudi Arabia plans to boost oil production capacity to 12.3 million bpd by 2028

    Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman, announced the Kingdom's ambitious plan to increase its oil production capacity to 12.3 million barrels per day by 2028. This significant expansion aligns with the Kingdom's strategic goals amidst evolving global energy markets. The announcement came during a special panel discussion at the St. Petersburg International Economic Forum in Russia. The forum, themed "The Future of the Oil and Gas Market: Global Demand Outlook and Producers' Plans," was attended by several OPEC and non-OPEC ministers. Prince Abdulaziz, who also serves as the chairman of the OPEC+ ministerial meetings, underscored the robust decisions made during the 37th OPEC and non-OPEC ministerial meeting held on June 2 in Riyadh.

  • PGA, Saudi-backed LIV in ‘active discussions’ one year after announcing proposed deal that rocked the golf world

    The PGA Tour and the Saudi-backed LIV Golf have been in active discussions, according to a person familiar with the matter, one year after the two entities stunned the world and announced on CNBC that they had agreed in principle to join forces. The talks between the tour and the Saudi Public Investment Fund, which backs LIV Golf, are “extremely active,” the person said.

  • Saudi says OPEC+ can pause or reverse oil output boost, criticises Goldman Sachs

    OPEC+ can pause or reverse oil production increases if the market weakens, the Saudi energy minister said on Thursday, adding he disagreed with the bearish view of U.S. bank Goldman Sachs of OPEC+'s deal on Sunday.
    Goldman Sachs declined to comment.
    Some OPEC+ members, including Russia, agreed on Sunday to phase out voluntary cuts of 2.2 million barrels per day over a year beginning from October. OPEC+ also agreed to maintain other cuts amounting to 3.66 million bpd until end-2025.

  • Saudi Arabia campaign aims to attract chipmakers

    Saudi Arabia has launched a National Semiconductor Hub in a bid to attract international chipmakers. The kingdom is targeting at least 50 semiconductor design companies to set up business by 2030, aiming to cut its reliance on imported computer chips. The global semiconductor industry, once plagued by shortages, is now showing signs of recovery and this trend is expected to continue.

  • Saudi Arabia announces start dates for Hajj and Eid Al Adha

    The annual Hajj pilgrimage will begin on June 14 with Eid Al Adha falling two days later, Saudi Arabia confirmed on Thursday evening.

    The announcement by the Saudi Supreme Court came after the crescent moon, which heralds the start of Dhu Al Hijjah, the 12th and final month in the Islamic calendar, was sighted on Thursday evening.

    It means Dhu Al Hijjah will begin on Friday, allowing for the start dates of both Hajj – which falls on the eighth day of the month – and Eid Al Adha, which commences on its tenth day, to be determined

  • As ties thaw with Saudi Arabia, thousands of Syrians fly there for haj

    For the first time in more than a decade, thousands of Syrians are travelling directly from government-held parts of Syria to Saudi Arabia for the Haj rituals, a signal of Syrian President Bashar al-Assad's gradual reintegration into the Arab fold.
    After Syria's conflict erupted in 2011, Saudi Arabia cut ties with Assad and backed figures opposed to him - including by granting Syria's opposition thousands of visas to be distributed among Syrian pilgrims in Lebanon, Jordan, Egypt and Turkey.

  • Sinopec awarded $1.37 Billion Contract from Saudi Aramco

    Sinopec International Petroleum Services Corporation, a wholly-owned subsidiary of Sinopec Oilfield Service Corporation and Saudi Arabian Oil Company (Saudi Aramco) entered into a turn-key fixed-price contract for the in-country procurement and construction of Packages 6 and 7 of the Phase 3 Pipeline Project Clusters of the Master Gas System (“MGS”),