SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • US security official discusses Gaza war with Saudi’s MBS before Israel trip

    White House national security adviser, Jake Sullivan, met the crown prince of Saudi Arabia to discuss the war in Gaza and efforts towards creating sustainable peace between Israel and Palestine. Crown Prince Mohammed bin Salman (MBS) hosted Sullivan on Wednesday during his tour of the Middle East to bolster the United States’s influence in the region.

  • Iran’s president meets MbS, Sisi for the first time

    Ebrahim Raisi has become the first Iranian president to visit Saudi Arabia in over a decade. Raisi traveled to the Kingdom over the weekend to attend a joint Arab-Islamic emergency summit of the Organisation of Islamic Cooperation (OIC). He also seized on the gathering to meet with Crown Prince Mohammed bin Salman Al Saud (MbS) and Egyptian President Abdel Fattah El-Sisi for the first time.

  • Commentary: Amid Hamas-Israel War, MBS Holds the Key to Oil Prices

    The extra barrels from weak sanctions enforcement translated into a huge windfall for Tehran; the cash can be used without any restrictions. According to my calculations, Iran is making about $1.5 billion a month more at current oil prices than if its output remained capped at the October 2022 level. Over a year, that’s about $18 billion and makes the current debate in Washington about the $6 billion of South Korean money transferred to a bank in Qatar for Iran to buy food and medicines look like a distraction.

  • Saudi Arabia’s MBS calls PGA Tour deal ‘game-changer,’ doesn’t care about sportswashing accusations

    In an interview with FOX News, Saudi Crown Prince Mohammed bin Salman says he “doesn’t care” about sportswashing accusations regarding his kingdom’s sports investments, which include LIV Golf and a planned partnership with the PGA Tour. “Well if sportswashing is going to increase my GDP by one percent, then I will continue doing sportswashing,” bin Salman said in a clip aired Wednesday on "Special Report with Bret Baier."

  • Biden weighs meeting with Saudi Arabia’s MBS at G20 to talk mega-deal

    President Biden is considering meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of next month's G20 summit in New Delhi, four sources with knowledge of the issue told Axios. Why it matters: A meeting between the two leaders could give a significant push to the talks the White House has been holding with the Saudi government in an effort to reach a mega-deal that could include U.S. security guarantees for Riyadh, as well as a normalization agreement between Saudi Arabia and Israel.

  • Opinion: Saudi’s MBS wants more than peace at his Ukraine summit

    Ukrainian officials say the venue is a boon for them “that completely destroys the narrative of Russia” that Ukraine is only supported by “countries of the collective West.” They expect as many as 40 nations to be represented, including the US and India. In the days ahead of the summit, the Ukrainians set out their intent. “Our goal in Saudi Arabia is to develop a unified vision of the formula and to work out the possibilities of holding the future Global Peace Summit,” they said, referring to Ukraine’s peace plan. That Moscow will only “monitor” and not attend risks the summit becoming a desert snowflake, momentarily awesome and inspiring, but blink and it’s gone.

  • Saudi Borrowing Costs Hit Record, Threatening Crown Prince MBS’ Vision 2030

    The cost of money as measured by the three-month Saudi Interbank Offered Rate, or Saibor, climbed above 6% this week, even higher than it was during the 2008 global financial crisis and after oil prices collapsed in 2020. The rate was below 1% only 18 months ago. Its rise has come as the US Federal Reserve has hiked interest rates to lower inflation, with its latest move of 25 basis points coming last week. The riyal is pegged to the dollar and the kingdom’s central bank has to follow the Fed’s decisions closely, even though Saudi inflation has been well below that of the US in the past two years.

  • How MBS’s Saudi Wealth Fund Could Take US Yields Higher: Chart

    Saudi Arabia is making riskier bets with its oil wealth. The aim is to generate a higher return to offset possible declines in crude prices. The consequences? Domestically, higher risks mean potential losses for the kingdom, according to Bloomberg Economics. Globally, the re-allocation of Saudi wealth could result in higher US interest rates.

  • Saudi Arabia’s MBS, Italy’s PM Meloni discuss issues of common concern

    Saudi Crown Prince Mohammed bin Salman received a call from Italian Prime Minister Giorgia Meloni on Tuesday and discussed a range of topics and issues of common concern, the official Saudi Press Agency (SPA) reported. The Crown Prince and Meloni also reviewed bilateral relations.

  • Saudi Investors and MBS Head to Paris, Looking for Deals

    Bumper oil revenues have already transformed the country’s sovereign wealth fund, chaired by Prince Mohammed, into an investing force with about $35 billion in U.S. assets alone (including stakes in Uber, PayPal and Electronic Arts) and a mandate to diversify the economy beyond fossil fuels. Badr Al Badr, the deputy minister for investor outreach, told DealBook that Saudi Arabia has about $3.2 trillion to invest by 2030. “That is why there are so many opportunities for investors,” he said.