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Report: Saudi Aramco Considering Tokyo For International Listing
- August 30,2019
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- SUSTG Team
Saudi Aramco is considering Tokyo as the international destination to list its shares, according to an exclusive report in The Wall Street Journal on Thursday. Saudi Aramco is “considering a plan to split the world’s largest IPO into two stages, offering a portion of its shares on the Saudi stock exchange later this year and following up […]
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Secretary Pompeo, Saudi Deputy Defense Minister Prince Khalid bin Salman Meet in Washington
- August 29,2019
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- SUSTG Team
Secretary of State Mike Pompeo and Saudi Deputy Defense Minister Prince Khalid bin Salman met in Washington D.C. yesterday to discuss the ongoing war in Yemen and other U.S.-Saudi defense related topics. “On Yemen, the Secretary reiterated U.S. support for a negotiated resolution between the Republic of Yemen government and the Southern Transitional Council, and thanked […]
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Almarai Company Solar Project Set to be Kingdom’s Largest, For Now
- August 22,2019
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- SUSTG Team
Saudi Arabia food and beverage conglomerate Almarai has completed a solar project which is being billed as Saudi Arabia’s largest to date, according to a report. The 15MW Al Kharj Solar project, built at a cost of SAR44.4 million (around $12 million), will generate 28GWh of solar power every year, according to the company. Almarai said Al […]
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Saudi Aramco Reports $47 Billion in Earnings; Plans to Buy Reliance Refining Stake
- August 12,2019
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- SUSTG Team
In its first-ever half-year earnings report, Saudi Aramco said the company had earned a net income of $46.9 billion in the first half of 2019, a 12 percent decrease from $53 billion in the period a year earlier, when oil prices were higher. Saudi Aramco partly attributed the decline in net income to a 4% fall in the average […]
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Senate Fails to Override Trump’s Veto of Saudi and UAE Defense Sale Bans
- July 30,2019
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- SUSTG Team
The U.S. Senate failed to override President Donald Trump’s vetoes of legislation passed by Congress that would have blocked the sales of certain weapons to Saudi Arabia and the United Arab Emirates, meaning the transactions may proceed forward. Supporters of the ban won a voice vote of 45-40 in the Senate, roughly 21 votes short of […]
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Trump Vetoes Three Bills Limiting U.S. Military Sales to Saudi Arabia and UAE
- July 25,2019
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- SUSTG Team
President Trump vetoed three congressional resolutions aimed at blocking his administration from selling billions of dollars of weapons to Saudi Arabia and the United Arab Emirates. “This resolution would weaken America’s global competitiveness and damage the important relationships we share with our allies and partners,” the president said in a statement on Wednesday. The arms package included […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 4: The Rock Art of the Ha’il Region
- July 19,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the fourth installment of the series of seven, Aramco Expats chose the […]
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Saudi Arabia approves new tendering and procurement law – report
- July 17,2019
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- SUSTG Team
Saudi Arabia’s government has approved a law to improve the way it procures contracts and services “by saving money, making the process fairer, and boosting local bidders,” Reuters reports, citing information from the Ministry of Finance. The new Government Tendering and Procurement law is an “important measure” within Vision 2030 reforms as it helps to improve the […]
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Dates Set for Saudi Arabia’s Future Investment Initiative 2019
- July 5,2019
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- SUSTG Team
Saudi Arabia’s Future Investment Initiative (FII) will take place from 29-31 October in Riyadh, the event’s official Twitter page said in an announcement. Dubbed “Davos in the Desert,” the FII brings together world leaders, investors and innovators will explore the opportunities, trends, and challenges shaping the global investment landscape. Attendees will gather to “continue to discuss the […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 3: Ad Diriyah
- June 28,2019
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- SUSTG Team
Over the course of seven weeks, SUSTG is publishing a series of posts highlighting the seven wonders of Arabia as selected and featured by AramcoExpats.com, an online blog that is a resource for current and former Saudi Aramco expatriates and their families. As the Kingdom prepares to open itself up to more visitors and boost its tourism industry in line with Vision […]
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MUST-READS
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Al-Shabab/Al-Qaeda ThreatMall of America increases security after threat in terror group’s video
he Mall of America increased security on Saturday and Sunday after a terror group linked to al-Qaeda released an online video that appears to call for attacks on shopping mal
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YemenUN Security Council to hold emergency meeting on Yemen
The United Nations Security Council was set to meet in emergency session Sunday evening to vote on a resolution demanding that Shiite rebels relinquish control of Yemen's government, as Arab countries pressed for the use of military force against what they call the rebel group's "illegitimate seizure of power."
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Saudi Detainees85 percent of security detainees are Saudi
The number of people detained for security reasons in the nation's prisons has reached 3,472, of which 85 (or 2,953) are Saudi, according to statistics released by the Ministry of Interior.
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Saudi MilitaryMeet Saudi Arabia’s Special Security Forces
Basic military training lasts three months, followed by another month of basic security training and an additional specialization that can last for anything from two months to seven.
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CybersecuritySaudi Cybersecurity Threat Landscape “More Intense and Complex Than Ever”
Leading Saudi IT decision-makers agree that cybersecurity threats are growing in intensity and scale across the Kingdom. The situation is putting businesses at risk of hits to both reputation and bottom line. A new survey commissioned by F5 Networks found that nearly seven in ten of surveyed businesses (68%) regarded cybercrime as a “severe” threat. 75% of respondents said that their business’ sales and marketing efforts would suffer most from an attack. Worryingly, only 15% are confident their organisation has consistent IT security measures across its entire IT network.
The Kingdom’s burgeoning cyber security market size is indicative of the new cybersecurity threat landscape. According to MicroMarket Monitor, the market is expected to grow from US$1.51 billion in 2013 to US$3.48 billion in 2019 at a CAGR of 14.50% for the period 2013 to 2019.
For the wider region, MarketsandMarkets suggests that the Middle East cybersecurity market is on course to grow from US$5.17 billion in 2014 to US$9.56 billion in 2019 at a CAGR of 13.07%.
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State of the UnionTerrorism, cybersecurity likely to supersede military topics in State of the Union
The White House has been dropping hints in recent days about which issues will be included in the annual speech to the nation, and the president appears poised to focus on cybersecurity, terrorism and domestic civilian issues such as broadband Internet service, paid leave for federal workers and community college tuition.
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Egypt and the GulfEgypt-Gulf Ties and a Changing Balance of Regional Security
In the volatile post-Arab Spring landscape, Gulf Cooperation Council (GCC) states have sought to influence developments in Egypt through aid and diplomacy. Such efforts illustrate the rise of the Gulf states as assertive regional actors possessing not only the intent but increasingly the capability to project (and protect) their interests, however defined. The dramatic fall in oil prices, however, will test the resilience of Gulf pledges to Egypt along with other transitional states. This bottom line might push GCC states to re-examine the blurring of their domestic and regional interests.
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EgyptEgypt security forces kill five militants
The militants “opened fire” after security forces raided a farm where they were hiding and preparing bombs, Egypt’s interior ministry said in a statement.
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Palestinian Peace PlanPalestinian draft peace plan put before UN Security Council
A draft resolution setting out a Palestinian timetable for a peace deal with Israel has been submitted to the UN Security Council. The document, presented by Jordan, calls for a deal within one year and Israeli withdrawal from occupied territories by the end of 2017.
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Gulf Cooperation Council (GCC)Security ramifications of the GCC’s 35th annual meeting
The reason behind the development of GCC-POL is to focus on two key threats: The internal present and future extremist threat in the GCC states, particularly from ISIS, al-Qaeda, and the Muslim Brotherhood, as well as state meddling in the GCC by neighboring powers, notably Iran and Turkey.
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