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Foiled Mecca Mosque Attack Last Week Shows Urgency of Daesh Threat Inside the Kingdom
- June 30,2017
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- SUSTG Team
Last week’s foiled plot attempt to attack the Grand Mosque in Mecca indicates a growing Islamic State intent to mount mass-casualty attacks in Saudi Arabia, according to reports. A suspect in the planned attack on the mosque blew himself up in a nearby neighborhood when security forces surrounded a home where the man was hiding, […]
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Bechtel Appoints Abdulrahman Al-Ghabban as New Country Manager in Saudi Arabia
- June 19,2017
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- SUSTG Team
Bechtel, a global leader in engineering, procurement, and construction, today announced the appointment of Abdulrahman Al-Ghabban as country manager in Saudi Arabia. Al-Ghabban will lead Bechtel’s business and operations in the Kingdom. Al-Ghabban said “I am honored to be the first Saudi national to hold the position as country manager for one of the most […]
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Following President Trump’s Visit, U.S.-Saudi Business and Diplomatic Ties Reach New Heights
- May 22,2017
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- SUSTG Team
The two-day visit by President Trump and top members of his family and staff to Riyadh, Saudi Arabia marks a new height in the history of U.S.-Saudi diplomatic and business relations as the warm Saudi embrace of President Trump was on full display in the Kingdom. President Trump’s visit amounted to a bonanza for large, established American companies […]
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New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
- May 18,2017
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]
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New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
- May 18,2017
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]
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Saudi Arabia’s Vice Minister of Economy and Planning Mohammed Al Tuwaijri Gives Interview to Bloomberg News
- May 10,2017
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- SUSTG Team
Saudi Arabia’s powerful vice minister of economy and planning Mohammed Al Tuwaijri gave an interview to Bloomberg News on Tuesday and discussed the government’s borrowing plans, infrastructure spending and how the kingdom still intends to balance its budget by 2020. Al Tuwaijri, who is also head of the finance committee at Saudi Arabia’s powerful Council of Economic […]
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Plans Move Ahead for Saudi Arabia’s ‘Fannie Mae’ Mortgage-Refinancing Firm
- May 4,2017
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- SUSTG Team
Saudi Arabia’s first mortgage-refinancing firm has started approaching banks to buy their mortgage portfolios as the state tries to boost lending for homes, Bloomberg reports. In 2015, Bloomberg and Reuters reported on Saudi Arabia’s plans to work with the Boston Consulting Group to help start a state-owned mortgage firm similar to the U.S.’s Fannie Mae and […]
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7 Major Changes to the Kingdom of Saudi Arabia that Happened This Weekend and What They Mean
- April 24,2017
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- Lucien Zeigler
Over the weekend, Saudi Arabia’s King Salman announced a series of major changes to key leadership positions, a new “national security center” for Saudi Arabia that is affiliated with the Royal Court, and more. Here’s what is different now for Saudi Arabia and what those changes mean for the Kingdom, U.S.-Saudi relations and Saudi Arabia’s […]
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Event Announcement: Vision 2030: One Year into Saudi Arabia’s Economic Reforms – A Discussion with Saudi Minister of Commerce Dr. Majed Al-Qassabi
- April 11,2017
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- SUSTG Team
Saudi Arabia’s ambitious Vision 2030 plan to reform the Kingdom’s economy was introduced almost one-year ago on April 26th, 2016. While it may take years or even decades to accurately measure the program’s successes and shortcomings, it is not too early to assess early progress with the critical initiative. Vision 2030: One Year into Saudi Arabia’s Economic […]
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Saudi King Salman Returns Home from Asia Tour, Deputy Crown Prince Mohammed Departs United States
- March 20,2017
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- SUSTG Team
Saudi Arabia’s King Salman returned home from a month-long trip to several Asian nations this weekend as Deputy Crown Prince and Minister of Defense Mohammed bin Salman, left the United States. King Salman arrived in Riyadh on Saturday after a successful visit to China, where the Kingdom signed up to $65 billion in trade deals […]
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MUST-READS
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U.S. Power and Influence in the Middle East: Part Two
In this episode, we will trace the story of the last 20 years of heavy U.S. military involvement in the Middle East, identifying lessons learned by U.S. forces, partners, and adversaries after two decades of heightened engagement in the region.
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Putin’s Power Over Europe’s Energy: EU Wants to Ditch Russian Oil and Gas
It’s possible, based on IEA estimates, for Europe to cut Russian gas imports by a third or even by half by next winter. That will require more piped gas from Azerbaijan, Norway and Algeria while also buying more shipments of liquefied natural gas and fixing leaky pipeline infrastructure. The last step would also help stem methane emissions, a major source of global warming.
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Women in business: How empowering women will in turn power our economies
Every day, barriers are being replaced by opportunity. Cultural limitations are giving way to social transformation. Change and evolution is thriving. Our society rightly recognises that the economy cannot prosper if half the population is on the sidelines. Beyond a corporate objective for organisations, women enablement is being realised as a necessity for our society – an essential means for our continued progress as a strong nation.
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U.S. Power and Influence in the Middle East: Part One
Even before the United States had entered World War I, the United Kingdom and France had secretly agreed to divvy up the Middle East between themselves. With isolationist sentiments rising domestically after the war, the United States didn’t push back. As a result, the United Kingdom and France dominated the region for two decades, and when they began to leave after World War II, the United States replaced them, rarely enthusiastically, and often reluctantly. But as the United States plunged into the Cold War, the Middle East was too important to abandon.
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Three bidders for Saudi Aramco’s Jafurah power and steam project
The project will be developed under a public-private partnership (PPP) structure, with the successful developer signing offtake agreements for power and steam production. The energy company had set a target of appointing a preferred bidder by April 2022 and to award the contract in July 2022, however this may be delayed following the extension of the bid deadline.
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Saudi ACWA Power closes $1.3bln debt facility for Red Sea Project
Saudi Arabian utility developer ACWA Power said on Wednesday it has closed a senior debt facility for $1.30 billion, instead of the $1.33 billion announced earlier. In addition, the facility arranged for a multi-utilities project at the planned billion-dollar Red Sea project will now include Saudi National Bank in the consortium of financiers, the company said in a statement on the Saudi Stock Exchange (Tadawul).
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Why Europe Is Looking to Nuclear Power to Fuel a Green Future
Not all EU member states rely on gas and nuclear as energy fuels. Several are programmatically opposed to nuclear power, and Europe’s dependence on foreign gas supply is highlighted by the Russia-Ukraine crisis. But the EU is running out of time to decarbonize, its power demand will keep increasing, and the share of nuclear power and gas in the EU energy sector is too great to quickly replace.
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Inside the Taliban’s return to power
Mazar-i-Sharif was once the most secular, liberal of Afghan cities. But 20 years of corruption and misrule left it ripe for retaking by the Taliban. Will anything be different this time?
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IAEA says it is helping Egypt and Saudi Arabia with nuclear power
International Atomic Energy Agency (IAEA) head Rafael Grossi told a conference in Saudi Arabia on Wednesday that the organisation is working with Egypt and Saudi Arabia to help them to develop nuclear power.
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Horse power: The Saudi Cup comes to Riyadh
Ahead of the 2022 event, the International Grading and Race Planning Advisory Committee have awarded the race Group 1 status. That’s a seriously big achievement for such a new event in the horseracing calendar.
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