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Recent stories from sustg

  • US Eximbank OKs record-breaking $5 bln loan for Saudi petchem complex
     

    In its largest job-supporting authorization to date, the board of the Export-Import Bank of the United States (Ex-Im Bank) has approved a $4.975 billion direct loan to Sadara Chemical Company for the export of American goods and services required in the construction of a petrochemical complex in Jubail Industrial City II in the Kingdom of […]

     
  • Saudi restoration commemorates pact of princes, clerics
     

    Climb the rickety ladder through the Emir Omar bin Saud Palace courtyard in crumbling Diriyah and the image of old Saudi Arabia suddenly appears in an adobe roofscape set against dark green palms. The caramel tones of the mud walls, the smell of dust mingling with water and the muffled clanging of hammer on stone […]

     
  • U.S. Approval Eroding in MENA Before Film Controversy
     

    Approval of U.S. leadership in the Middle East and North Africa (MENA) region was already slipping before the recent wave of anti-U.S. protests across the region. An average of 20% of adults across 12 MENA countries Gallup surveyed between January and May 2012 approved of the job performance of the leadership of the U.S. This […]

     
  • Jadwa: Private sector leads real GDP growth in Q2
     

    Jadwa Investment recently released a report about GDP growth in Saudi Arabia, noting that the private sector was leading real GDP growth in the second quarter of 2012. Latest economic growth data released last week confirm that the healthy performance of the Saudi economy continued into the second quarter of 2012 albeit at slower pace than previous […]

     
  • Abdullah Alireza speaks at C3 Summit
     

    SUSTG attended the C3 Summit in New York City September 13-14, 2012. This was the inaugural event in what the organizers anticipate will be an annual gathering to ‘build new relationships, foster existing partnerships and exchange best practices’ between the U.S. and the Arab world. C3 (Community, Collaboration and Commerce) is looking to host the […]

     
  • Saudi Arabia says job-creation policy bears fruit
     

    Saudi Arabia, grappling with chronic youth unemployment, has created 380,000 new jobs in 10 months by requiring private firms to employ Saudis, Labor Minister Adel al-Fakeih said, the Saudi Gazette reported on Monday. “This figure is 20 times what had been previously achieved over the past five years before Nitaqat (the main jobs program) was […]

     
  • Total US-Saudi Bilateral Trade Reaches Record-High $39 Billion in H1 2012
     

    Total bi-lateral trade between Saudi Arabia and the United States reached $39 billion in the first six months of 2012, a record high for any half to date.  Below are some key US-Saudi trade figures for the first half (H1) of 2012 provided to SUSTG by the Saudi Commercial Office at the Royal Embassy of […]

     
  • ‘A Disciplined Approach To Forward-Looking Policymaking’
     

    A recently released report by the Center for Strategic and International Studies on Saudi Arabia’s energy policy finds that the Kingdom is pursuing a “disciplined approach to forward-looking policymaking.” The report was published by Hisham Akhonbay, who is a visiting fellow with the Energy and National Security Program at CSIS from the King Abdullah Petroleum […]

     
  • Will Saudi Arabia become an oil importer by 2030?
     

    THIS was the question asked all of this past week all over the world. Thousands of stories were filed on the topic, following speculation by a Citigroup analyst that Saudi Arabia may start importing oil by 2030. According to that theory, by 2030, Saudi consumption of oil would outstrip production and we could be importing […]

     
  • Saudi Mortgage Law: Key Details Still to be Determined
     

    Saudi Arabia faces housing challenges caused by rapid population growth and an inflow of expatriate workers to the kingdom.

     

MUST-READS

  • Sand creature — like something out of ‘Dune’ — found in Saudi Arabia. See new species

    Along the coast of Saudi Arabia, the Red Sea retreats from the rocky and sandy beaches with the tide, revealing small pools teeming with life. The “lagoon-like” environments are scattered along the shore where land meets water, and in them, tiny creatures crawl up under the rocks and burrow into the sand. Then the rock lifts, and the creepy crawlies are met with the wide eyes of a researcher. One of these researchers is Chloé Fourreau, a PhD student at the University of Ryukyus in Japan. Fourreau is part of a team searching the coastline for the presence of Perinereis, a type of segmented marine ragworm. It wasn’t long before researchers found one — and it’s a new species.

  • Many Iranian options to retaliate against Israel, but all carry risk

    Iran faces a dilemma following an Israeli attack on its embassy in Syria: how to retaliate without sparking a wider conflict that Middle East analysts said Tehran doesn't appear to want.
    Monday's strike, which killed two Iranian generals and five military advisers at Iran's embassy compound in Damascus, comes as Israel accelerates a long-running campaign against Iran and the armed groups it backs. Iranian Supreme Leader Ayatollah Ali Khamenei has vowed revenge.

  • Explainer: Could the Palestinians become a full United Nations member?

    The Palestinian Authority on Tuesday formally asked for renewed consideration by the United Nations Security Council of its 2011 application to become a full member of the world body.
    Palestinian U.N. envoy Riyad Mansour told Reuters on Monday that the aim was for the council to take a decision at an April 18 ministerial meeting on the Middle East, but that a vote had yet to be scheduled.
    Here are details on U.N. membership:

  • Palestinian Mandela? Marwan Barghouti, imprisoned preacher of unity.

    Serving five life sentences after being convicted by an Israeli court for involvement in militant killings in the second intifada, Mr. Barghouti remains the rare – perhaps the only – figure trusted by all Palestinian factions. With his release from Israeli prison demanded by Fatah’s rival, Hamas, and even advocated by a former Israeli spy chief, the mere possibility of Mr. Barghouti’s return to the scene is stirring up Palestinian politics, and hope, at a historic crossroads

  • Israel Unleashed? A Brazen Campaign Against Iranian Targets Could Backfire

    On April 1, Israel launched its latest attack on Iran in the two countries’ ongoing shadow war, with an airstrike that flattened a section of Iran’s embassy complex in Damascus and reportedly killed at least 12 people. Among the dead was Mohammad Reza Zahedi, who headed Iran’s military operations in Syria and Lebanon, where he worked for decades and became a close interlocutor with Hezbollah and its leader, Hassan Nasrallah. The strike also killed Mohammad Hadi Haji Rahimi, Zahedi’s deputy, and at least five other officers in Iran’s Islamic Revolutionary Guard Corps (IRGC).

  • Gaza infrastructure damages estimated at $18.5bn in UN-World Bank report

    The cost of damage to critical infrastructure in the first four months of Israel’s continuing war on Gaza is estimated at about $18.5bn, a new report by the World Bank and the United Nations has found. The report estimated that the damage was equivalent to 97 percent of the combined GDP of the occupied West Bank and Gaza in 2022.

  • ‘Lavender’: The AI machine directing Israel’s bombing spree in Gaza

    A new investigation by +972 Magazine and Local Call reveals that the Israeli army has developed an artificial intelligence-based program known as “Lavender,” unveiled here for the first time. According to six Israeli intelligence officers, who have all served in the army during the current war on the Gaza Strip and had first-hand involvement with the use of AI to generate targets for assassination, Lavender has played a central role in the unprecedented bombing of Palestinians, especially during the early stages of the war. In fact, according to the sources, its influence on the military’s operations was such that they essentially treated the outputs of the AI machine “as if it were a human decision.”

  • Readout of President Joe Biden’s Call with Prime Minister Netanyahu of Israel

    He made clear the need for Israel to announce and implement a series of specific, concrete, and measurable steps to address civilian harm, humanitarian suffering, and the safety of aid workers. He made clear that U.S. policy with respect to Gaza will be determined by our assessment of Israel’s immediate action on these steps. He underscored that an immediate ceasefire is essential to stabilize and improve the humanitarian situation and protect innocent civilians, and he urged the Prime Minister to empower his negotiators to conclude a deal without delay to bring the hostages home.

  • Iraq Navigates the Mideast Crisis

    As Iraqi Prime Minister Mohammed Shia al-Sudani prepares for a pivotal visit to Washington in mid-April, his government is attempting to navigate through multiple currents roiling the region, calls to distance the country from U.S. mentorship, and internal crises that continue to divide Iraq’s Arab leaders from their Kurdish counterparts that run northern Iraq.

  • The UAE’s AI Dreams

    The United Arab Emirates (UAE) hopes to position itself as a pivotal force in artificial intelligence (AI), underscored by its development of the Falcon Large Language Model, the establishment of the Artificial Intelligence and Advanced Technology Council (AIATC), and a comprehensive national AI agenda. While these initiatives reflect a clear ambition to redefine its global standing through technology, they also introduce complexities and challenges in the realms of geopolitics, governance, and global tech competition.