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Construction Week’s 2015 Power 25 list for Saudi Arabia; El Seif Engineering #2
- September 17,2015
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- SUSTG Team
The well-regarded industry tracker, Construction Week Online, issued its 2015 Power 25 for Saudi Arabia recently. As the article notes, “This is a celebration of those who are shaping both the industry, and the regional landscape. True to its roots, this year’s list is dominated by powerhouses from across Saudi but you will notice new entrants […]
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Key Backing of Iran Deal by Saudi King Salman Could Further Boost U.S.-Saudi Military Ties
- September 11,2015
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- Lucien Zeigler
Following King Salman’s personal and public support for the P5+1 deal with Iran at the White House last week, the United States and Saudi Arabia have overcome one of the largest bi-lateral diplomatic hurdles in decades. The strong support follows months of salesmanship by the Obama administration and paves the way for continued military and […]
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King Salman’s Energetic Visit to Washington
- September 8,2015
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- SUSTG Team
During King Salman’s visit to Washington last week – his first official state visit anywhere – the King had back-to-back meetings with President Obama at the White House and met with Saudi military personnel, Saudi students, former U.S. presidents, former Aramco employees and the U.S.-Saudi business community in a schedule that provided a boost to U.S.-Saudi relations. […]
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King Salman’s Visit to Washington and Strengthening U.S.-Saudi Business Ties
- September 3,2015
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- SUSTG Team
In an op-ed today in Al Arabiya, Patrick Ryan of SUSRIS notes that while geopolitical issues are making headlines in advance of King Salman’s first visit to Washington as King, “no less visible will be the importance of the historic business relationship between the kingdom and America as demonstrated by an expected high-powered, day-long investment […]
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Video Released by King Abdulaziz Center for National Dialogue Asks Youth to Rethink Biases
- June 12,2015
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- SUSTG Team
A powerful video campaign released by the King Abdulaziz Center for National Dialogue asks Saudi youth to rethink their biases. Joseph Braude at the Foreign Policy Research Institute shares the video with English subtitles, which has garnered 150,000 views in 48 hours and sparked a discussion in the kingdom about how to stem sectarian conflict. As Braude […]
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President Obama Hosts GCC Leaders to Camp David, Offers ‘Ironclad’ Security Commitment
- May 15,2015
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- SUSTG Team
President Barack Obama hosted a summit of GCC member states in Camp David this week to shore up U.S. security support for external threats to Gulf Nations and discuss the Administration’s nuclear deal with Iran. Saudi Arabia’s Foreign Minister Adel Al-Jubeir called the U.S.-Gulf Cooperation Council (GCC) summit at Camp David “unprecedented” and said the day had brought U.S.-Gulf […]
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Oil’s Price Reaches 2015 High Ahead of Speculation on Saudi Output Cuts
- May 6,2015
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- SUSTG Team
Oil reached a 2015 high on Monday as Brent hit $67.10 a barrel, a sign of an oil price rebound fueled by regional chaos, global demand increases, and speculation of looming cuts in Saudi output. “No one can set the price of oil – it’s up to Allah,” Saudi Arabia’s Minister of Petroleum and Natural Resources Ali Al […]
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French President Hollande in Riyadh for Talks on Regional Issues with GCC Leaders
- May 5,2015
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- SUSTG Team
French President François Hollande arrived in Riyadh for talks on regional issues in what a French diplomat told Reuters was an indication to the United States that the Saudi-French alliance was strong and getting stronger. According to Reuters, Hollande met Salman “for an hour after dinner at his personal palace on Monday, and the Saudi cabinet […]
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In Major Shakeup, Saudi Arabia’s King Salman Changes Line of Succession, Appoints New Ministers
- April 29,2015
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- SUSTG Team
***UPDATE: This post originally reported that Eng. Ali Al-Naimi was relieved of his post. Naimi is still Minister of Petroleum of Natural Resources, but is no longer Chairman of Saudi Aramco. *** Saudi Arabia’s King Salman issued a series of royal orders yesterday initiating a major shakeup in governance in Saudi Arabia, the SPA reports. […]
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Saudi National Guard Troops Deploy to Najran Province on the Border with Yemen
- April 27,2015
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- SUSTG Team
In a bid to strengthen border security, Saudi Arabia has deployed National Guard (SANG) troops to the Najran Province on the border with Yemen, the SPA reports. Last week, a Saudi border guard was killed and two troops wounded by heavy gun and mortar fire in Najran. The report of the deployment comes amid an ever-evolving […]
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MUST-READS
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Saudi Arabia Wants to Freeze Carbon to Cut Emissions From Power
Scientists in Saudi Arabia are testing a new idea for trying to slow climate change: freezing greenhouse-gas emissions from power plants. A team at a university on the Red Sea coast is trying out a technique for cooling carbon dioxide when fossil fuels are combusted to produce electricity. Once in a solid or ‘dry ice’ form, the pollutant can be stowed underground or used to make chemicals and other products. At least that’s the theory.
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Siemens wins contract to power Saudi residential community
Siemens Energy has secured a major contract from Roshn, a leading Saudi community developer backed by Public Investment Fund (PIF), to power more than 30,000 homes within its residential community in the capital.
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This $600 Billion Wealth Fund Got Caught in a Power Struggle
It’s all part of a deep standoff between members of the only elected parliament in the Gulf and a government whose leader is appointed by the ruling Emir, a deadlock that’s blocked the state from borrowing and left it with barely enough to pay public sector salaries. The dispute’s also delaying investment and economic reforms, including an overhaul of the welfare state the government says is needed to end eight consecutive years of budget deficits.
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Perspective: Saudi seeks religious reset as clerical power wanes
"The country is re-establishing its foundations," Aziz Alghashian, a politics lecturer at the University of Essex, told AFP. "It's becoming an economically driven country that is investing substantial effort in trying to appear more appealing -- or less intimidating -- to investors and tourists."
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Iran’s sole nuclear power plant undergoes emergency shutdown
This is the first time Iran has reported an emergency shutdown of the plant in the southern port city of Bushehr. It went online in 2011 with help from Russia. Iran is required to send spent fuel rods from the reactor back to Russia as a nuclear nonproliferation measure.
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World powers promise to help Lebanon’s army, without specifics
World powers promised on Thursday to support Lebanon's army to prevent its collapse amid the deepest political and economic crisis since the Middle East nation's 1975-1990 civil war, but they did not announce any tangible aid.
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New study suggests the GCC can become a green hydrogen powerhouse; annual revenue could grow to $200bn by 2050
The study has recognised that GCC countries can become one of the most competitive locations globally to produce and export green hydrogen, and derivatives such as ammonia, thanks to its major natural resources.
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Acwa Power raises $746m through sukuk issuance to fund growth
The issuance was the first the company has completed in the Saudi Arabian market and benefited from "significant interest from fund managers, government funds and insurance companies", the company said in a statement on Monday evening. The offer was 1.8-times oversubscribed.
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Israel’s new prime minister Naftali Bennett is sworn in, ending Netanyahu’s 12-year grip on power
After four elections in two years, Bennett's incoming government breaks a long political deadlock and ushers in the most diverse coalition Israel has ever seen, including the first Arab party to serve in the government. In his speech before the Knesset confidence vote, Bennett celebrated the diversity and warned of polarization within the country.
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Perspective: What’s next for US Syria policy as Assad consolidates power?
“The festival of pro-Assad fealty and the one-sided political celebrations have both domestic and regional connotations,” Danny Makki, a Damascus-based analyst, told Responsible Statecraft. “Firstly, it shows who is still the boss in Syria and secondly it is a not-so-veiled message to the Gulf states who are half-way through a slow rapprochement with Damascus, it is a clear signal to Saudi Arabia and the United Arab Emirates saying, ‘Look at who is in charge here, deny my popularity now.’”
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