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Global Defense Spending Spikes in 2023
- April 22,2024
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- SUSTG Team
According to a study by Forecast International in 2023 global defense spending grew at its fastest pace in the last decade as governments respond to security crises unfolding around the world.
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Saudi defense minister receives phone call from US counterpart; Kingdom denies role in shooting down Iranian attack
- April 16,2024
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- SUSTG Team
Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin, according to reports.
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Saudi Stock Market Lists 400th Security
- April 3,2024
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- SUSTG Team
Formally established in 2007 after the devastating market crash of 2006 and incorporated as a holding company in 2021, the Saudi stock market (Tadawul) recently hit a milestone of 400 listed securities.
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KSRelief Spearheads Saudi aid to Gaza and the Globe
- March 29,2024
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- SUSTG Team
King Salman Humanitarian Aid and Relief Centre (KSRelief) provides humanitarian aid and relief to people outside of Saudi Arabia’s borders. KSRelief was established by King Salman bin Abdulaziz in 2015 and works in 46 countries, with a focus on the Middle East and North Africa region.
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U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
- March 19,2024
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- SUSTG Team
U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”
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OPEC and IEA Agree on Something
- March 18,2024
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- SUSTG Team
The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), two of the leading global energy forecasters, have long disagreed on demand growth. They agree on this however.
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
- March 1,2024
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- SUSTG Team
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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U.S. Continues Campaign to Secure Critical Red Sea Trading Route with Terrorist Designation for Houthi Groups
- January 18,2024
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- SUSTG Team
The U.S. government on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups as Washington seeks to halt attacks on international shipping in the Red Sea, according to a report in Reuters.
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At Davos, Kingdom Pushes Diplomacy and PIF Talks 2024 Investment Strategy
- January 17,2024
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- SUSTG Team
Saudi Arabia’s strong presence at the World Economic Forum in Davos, Switzerland is emblematic of an increasingly confident Kingdom on the global stage, with top officials from both the government and Saudi Arabia’s Public Investment Fund on the ground to promote Saudi Arabia’s interests.
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Secretary Blinken to Visit Saudi Arabia on Regional Diplomatic Tour to Contain Regional Spread of Violence
- January 5,2024
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- SUSTG Team
U.S. Secretary of State Antony J. Blinken will travel to the Middle East region this week to “discuss urgent mechanisms to stem violence, calm rhetoric, and reduce regional tensions,” according to a press release from the State Department. The State Department said that Blinken will visit Istanbul, Türkiye; Crete, Greece; Amman, Jordan; Doha, Qatar; Abu Dhabi, the […]
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MUST-READS
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Difficulties Facing a US-Saudi Security Agreement
Aligning Israeli and Saudi interests is hard enough without having to balance them against the domestic political buy-in that the Biden (or Trump) administration would need for every element of a normalization agreement to move toward implementation. The lack of any significant support from the current Israeli government makes it harder still to imagine that the bilateral aspects of a US-Saudi deal could go forward, albeit that a civilian nuclear agreement might be reached without requiring congressional approval and could function as a sequential step in a longer and more-drawn-out process.
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Saudi Arabia says ongoing Israeli military operations threaten regional security
The Kingdom’s Deputy Minister of Foreign Affairs, Waleed Bin Abdulkarim Al-Khuraiji, made his comment during the 19th meeting of foreign ministers in the Asian Cooperation Dialogue (ACD) Forum, hosted by Iran. Speaking on behalf of Foreign Minister Prince Faisal Bin Farhan Bin Abdullah, he stressed “the importance of doubling joint efforts and deepening cooperation coordination to face the many challenges, most notably the rise in conflicts, and the increasing challenges of food security and energy security, among others,” reported the Saudi News Agency.
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The US does security and China does the economy: another narrative that needs to go
I know it’s counter-intuitive because we all see stories about China’s significance as an economic actor and this is always paired with the idea that the US only thinks about geopolitical competition. And of course I think that’s a misperception that has taken root in so many of the narratives about China in the Middle East. But if I were a US official working in the region, I’d be pushing back on this every chance I got.
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Saudi Arabia Tops Global Cybersecurity Rankings
The Kingdom of Saudi Arabia has secured the top position globally in the cybersecurity indicator, according to the 2024 World Competitiveness Yearbook published by the Swiss-based Institute for Management Development (IMD). National Cybersecurity Authority (NCA) Board of Directors Chairman Dr. Musaed Al-Aiban congratulated the Saudi leadership on this achievement. He highlighted it as a confirmation of the country's leading role in international cybersecurity and a testament to its commitment to Saudi Vision 2030.
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Saudi Arabia’s US$10 billion investment to tackle food security
The Saudi Agricultural Development Fund plays a crucial role by supporting local farmers with substantial loans, focusing on staple crops such as barley, maize, and soybeans. These efforts are integral to reducing reliance on imports and ensuring a steady supply of essential commodities.
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US-Saudi Arabia security deal could seal future of petrodollar
Last week, reports emerged that the US-Saudi petrodollar agreement "expired", suggesting the kingdom would move to sell oil in various currencies, not just dollars. Some reports even claimed the Chinese yuan would replace the dollar.
There was a significant increase in Google searches for the term "petrodollars" in the past two weeks, reaching an all-time high, Google Trends said.
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US weighs plan for Centcom to coordinate directly with Palestinian Authority’s security forces
US President Joe Biden's administration is weighing a plan to bring cooperation with the Palestinian Authority's security forces under the purview of Centcom, a potential reshuffle that some US officials say could advance plans for post-war Gaza governance. US officials advocating for the move argue it would bolster cooperation between the Palestinian Authority's (PA) security forces and Arab states, one current US official, one former US official and one Western official familiar with the plan told Middle East Eye.
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UN Security Council backs plan for Israel-Hamas ceasefire
The United Nations Security Council on Monday backed a proposal outlined by President Joe Biden for a ceasefire between Israel and Hamas in the Gaza Strip and urged the Palestinian militants to accept the deal aimed at ending the eight-month-long war.Hamas welcomed the adoption of the U.S.-drafted resolution and said in a statement that it is ready to cooperate with mediators over implementing the principles of the plan.
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Saudi FM: Two-State Solution Basis for Peace, Security in the Region
The FM, along with foreign ministers and representatives from European countries, was in Brussels to attend a meeting of the Ministerial Committee assigned by the Joint Arab-Islamic Extraordinary Summit on Developments in the Gaza Strip.
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Readout of National Security Advisor Jake Sullivan’s Meetings in Saudi Arabia and Israel
Mr. Sullivan arrived in Israel from Dammam, Saudi Arabia, where he held constructive meetings with the Crown Prince and Prime Minster of Saudi Arabia Mohamed bin Salman focused on a comprehensive vision for an integrated Middle East region. Mr. Sullivan briefed Prime Minister Netanyahu and his team on these meetings and the potential that may now be available for Israel, as well as the Palestinian people.
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