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Full Text: Saudi Arabia’s ‘Vision 2030’ National Transformation Program
- April 26,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, who is chair of the Council of Economic Development Authority (CEDA) and Minister of Defense presented the much-anticipated ‘Vision 2030’ framework of new policies to be pursued by the Saudi government. Here’s the full text of his presentation, as well as the Vision 2030 roadmap itself. The […]
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‘Saudi Vision 2030,’ Saudi Arabia’s National Transformation Plan for a New Saudi Economy, Launches with Media Push
- April 25,2016
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- SUSTG Team
Saudi Arabia’s has launched the ‘Saudi Arabia 2030’ National Transformation Plan (sometimes referred to as ‘Vision 2030’) today with a video announcement on Twitter and the first video interview with Deputy Crown Prince Mohammed bin Salman given to the news channel Al Arabiya. Details of the comprehensive plan are expected to include economic and social […]
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President Obama Arrives Tomorrow to Saudi Arabia for Meetings with King Salman, GCC Leaders
- April 19,2016
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- SUSTG Team
President Obama arrives tomorrow (Wednesday) in Riyadh for meetings with King Salman and other top Saudi government leaders, and to attend a GCC summit meeting. The visit to Saudi Arabia, the President’s fourth trip to the Kingdom, comes amid increased focus on U.S.-Saudi relations. On Monday, the White House expressed confidence that Saudi Arabia would not […]
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CIT’s Omar Bahlaiwa Appointed Acting Secretary General of the Council of Saudi Chambers
- April 14,2016
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- Lucien Zeigler and Richard Wilson
Saudi Committee for International Trade (CIT) Secretary General, Eng. Omar Bahlaiwa, has been appointed Acting Secretary General of the Council of Saudi Chambers, replacing Khalid Al-Otaibi. Eng. Bahlaiwa, who will continue to serve as Secretary General of CIT which is within the Council of Saudi Chambers of Commerce (CSC), was appointed by CSC Chairman, Dr. Abdulrahman […]
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In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
- April 8,2016
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- SUSTG Team
In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]
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Throwback: Photos of King Salman at King Saud University, 40 Years On
- March 31,2016
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- SUSTG Team
Recently released photos by the Saudi Press Agency (SPA) show King Salman at the King Saud University roughly 40 years ago, as the then-prince assisted in shaping the Riyadh-based University to be what it is today. King Saud University (KSU) is billed as “the premier institution of higher education in the Kingdom of Saudi Arabia. Prince […]
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Reduced Consumer Spending, M3 Decline Indicates Saudi Economic Slowdown
- March 29,2016
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- SUSTG Team
Central bank data released on Monday shows Saudi consumers withdrew and spent less money in February and a key money supply metric “shrank for the first time since at least 2000,” according to Bloomberg. M3 dropped 0.9 percent from a year earlier last month. According to Reuters, narrower money supply measures M1 and M2 also […]
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In Yemen, Airstrikes, Demonstrations, and a Prisoner Swap Ahead of Planned April 10 Ceasefire
- March 28,2016
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- SUSTG Team
The Saudi-led coalition fighting Shi’ite rebels in Yemen said Monday it released 109 Yemeni detainees in exchange for nine Saudis who were being held as the war moves toward winding down, according to reports. With a deadline of April 10th for a cessation of hostilities and peace talks in Kuwait to follow, the Saudi-led war […]
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Saudi Film Festival Features Highlights Growing Enthusiasm for Independent Filmmakers
- March 25,2016
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- SUSTG Team
Close to 400 enthusiastic film fans filled a hall for the opening ceremony of the 3rd annual Saudi Film Festival at a culture and arts centre in the Gulf coast city of Dammam on Thursday night. 112 candidates are participating with 70 films nominated for the awards. 24 of the filmmakers are Saudi women and […]
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Council of Economic and Development Affairs Approves Over 130 Reforms to Evolve Saudi Arabia’s Economy
- March 23,2016
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- SUSTG Team
Saudi Arabia’s most influential economic policy-making body has approved 133 recommendations on improving the competitiveness of the Kingdom’s economy, which will be announced within the next six months. Saudi Arabia’s Council of Economic and Development Affairs (CEDA) – the main economic policy making agency which includes 22 key ministers and his chaired by Deputy Crown […]
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MUST-READS
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Iran Nuclear AgreementU.S. lawmakers aim to comply with Iran nuclear deal: EU
U.S. lawmakers signaled they plan to ensure the United States complies with the 2015 Iran nuclear deal despite U.S. President Donald Trump’s misgivings about the pact, the European Union’s foreign policy chief said on Tuesday.
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LebanonThe US and EU back Lebanon after Saudi Arabia said it had declared war
The European Union on Wednesday affirmed support for Lebanon following the resignation of Prime Minister Saad al-Hariri, echoing U.S. backing for the Beirut government which Saudi Arabia has accused of declaring war.
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TurkeyMerkel wants EU aid cut to Turkey for democratic backsliding
Germany Chancellor Angela Merkel is calling for cuts in European Union financial assistance aimed at helping Turkey get ready for eventual EU membership, given what she called a troubling direction the country has taken on democracy and rule of law.
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Saudi EconomyOil, austerity expected to shrink Saudi economy this year — Reuters Poll
Saudi Arabia's economy is expected to shrink this year for the first time in eight years, hit by sagging oil output and austerity policies which are hurting private sector growth.
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Kurdish ReferendumIraq Says Turkey Backs Baghdad in Feud Over Kurd Oil Exports
Iraq said Turkey agreed to deal exclusively with its central government over exports of Kurdish crude oil, a step that could disrupt shipments from the independence-seeking Kurd region.
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Capital MarketsDeutsche Bank hosts Saudi Capital Markets Conference in London
Deutsche Bank announced Tuesday the opening of The Saudi Capital Markets Conference in London, United Kingdom. Organized by Deutsche Securities Saudi Arabia (DSSA) in coordination with the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul), the conference is being held at Deutsche Bank’s offices in London on Sept. 27-28, 2017.
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Iran Nuclear AgreementEuropean ambassadors to U.S. back Iran nuclear pact
The ambassadors to Washington from Britain, France, Germany and the European Union all strongly backed the international nuclear agreement with Iran on Monday, as long as Tehran continues to comply with the pact.
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Raja MoharrakTAG Heuer Signs Saudi Mountain Climber Raha Moharrak
Back in February, supermodel Bella Hadid was announced as the celebrity face of TAG Heuer. And it seems the 20-year-old star is in great company because Raha Moharrak, the first Saudi woman and the youngest Arab to conquer Mount Everest and the Seven Summits, has been snapped up too.
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Qatar DisputeGulf media promotes emigre Qatari royals as feud sours
The publicity, in which the two men are lauded by media in Saudi Arabia and the United Arab Emirates as talented decision-makers capable of solving the rift, is widely seen as a dig at the prestige of Doha’s current leadership.
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Healthcare and PharmaceuticalsInvesting in Private Healthcare institutions and Pharmaceutical establishments in Saudi Arabia
Healthcare is one of the most promising sectors for investors in Saudi Arabia and is estimated to be growing at 5% per annum. This growth is being given renewed impetus by the Vision 2030 document, released in May 2016, which emphasizes the government's focus on building healthcare capabilities within the Kingdom. This briefing gives investors an overview of the current regulatory regime in Saudi Arabia.
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