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In Bid to Boost Transparency, Saudi Regulators Require International Banks to Disclose Financial Statements
- March 21,2016
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- SUSTG Team
Saudi Arabia’s Capital Markets Authority (CMA) is instructing international banks to publicly disclose financial statements for the first time as the kingdom seeks to boost transparency, according to a report in Bloomberg. The Bloomberg report says that companies under the regulation of the CMA in Saudi Arabia must publish the financial information on their websites […]
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Washington Welcomes Saudi Move to Wind Down Yemen Campaign
- March 18,2016
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- SUSTG Team
Saudi Arabia has said its military coalition will scale back operations against the Iranian-backed Houthis in Yemen, according to reports. Brigadier General Ahmed al-Assiri told AFP in an exclusive interview that the coalition is, “in the end of the major combat phase.” “We would welcome and do welcome” that statement, White House spokesman Josh Earnest […]
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Obama to Visit Saudi Arabia in Wake of Heated Debate Regarding U.S. Middle East Policy
- March 17,2016
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- Lucien Zeigler
U.S. President Barack Obama will visit Saudi Arabia in April, his third time visiting Saudi Arabia while president. In September 2015, Saudi Arabia’s King Salman visited the United States with his son and Deputy Crown Prince and Minister of Defense Mohammed bin Salman. And, last spring, Obama invited the Saudis and other Persian Gulf Arab […]
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NYT Report Documents Former Ambassador Al-Jubeir Efforts to Enlist U.S. Support for Saudi Campaign in Yemen
- March 14,2016
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- Lucien Zeigler
A New York Times report by Mark Mazetti and Eric Schmitt sheds light on Saudi Arabia’s efforts to enlist the Obama Administration’s support for taking military action in Yemen last year. The decision to support Saudi Arabia came after two days of meetings in March 2015 between then-Ambassador to the United States Adel Al-Jubeir and top officials in the […]
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Construction Payment Delays Draw International Attention, Report Says
- March 8,2016
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- SUSTG Team
Foreign governments are pressing both government authorities and company executives in Saudi Arabia “to ensure that local construction firms make delayed salary payments to thousands of workers, a sign of pressure on the kingdom’s economy due to low oil prices,” according to a Reuters report. Construction firms in Saudi Arabia are have been squeezed as […]
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Saudi Arabia Eyes Privatization of Power, Opening Opportunities for International Power Companies
- March 4,2016
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- SUSTG Team
Saudi Arabia is heading towards privatizing the electricity sector and “shifting towards solar and alternative energy in the framework of its efforts to reduce the use of fossil fuels in production rates,” according to a report in Asharq Al-Awsat citing “informed sources.” The Saudi Electricity Company plans to “split into four units with local and […]
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Saudi Central Bank Announces an ‘Affordable Mortgage’ Program Intended to Boost Housing Sector
- February 29,2016
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- SUSTG Team
Saudi Arabia’s central bank said in a statement it plans to launch an “affordable mortgage” program to finance residential real estate purchases by Saudi citizens, according to reports. Home buyers would be responsible for a down payment of 15 percent of the property’s value, and commercial banks would supply a further 70 percent. An additional […]
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Riyadh Metro’s New Trains will have Three Separate Classes of Cars
- February 26,2016
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- SUSTG Team
The trains for Riyadh’s forthcoming metro project on lines 1 and 2 will have three separate classes of cars for citizens and expats, according to reports. The Siemens-built trains will have a first class for men with “gold-colored seats” that are wider than other sections. A second section will be for families, which in Saudi […]
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‘Saudi Student Boom’ for U.S. Colleges and Universities may be Slowing as Scholarship Program Evolves
- February 25,2016
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- SUSTG Team
A number of reports have indicated that the popular King Abdullah Scholarship Program (KASP) that has placed hundreds of thousands of Saudi students at academic institutions all over the world is being reviewed and can anticipate significant changes with regard to the program’s size and scope. In 2014 over 207,000 Saudi students and dependents were […]
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Saudi Arabia’s War in Yemen Could Put Pressure on Future European Arms Deals
- February 17,2016
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- SUSTG Team
On February 25th, European Union lawmakers are gearing up for a vote on whether to call for an embargo on weapons sales to Saudi Arabia, according to a report in the Canada-based Globe and Mail. Concern in Europe is mounting over Saudi Arabia’s war in Yemen, and the use of European military equipment sold to […]
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Anti-ISIS CampaignEU Anti-Terror Chief: IS Still Has 2,500 European Fighters
The European Union's counter-terrorism coordinator says the Islamic State group still has about 2,500 fighters from Europe among its dwindling ranks. Gilles de Kerchove told German daily Welt in an interview published Tuesday that the extremist group used to have about 5,000 European fighters in Iraq and Syria.
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Louvre Abu DhabiLouvre Abu Dhabi museum opening date announced
The museum has been designed by Jean Nouvel, a French architect who has been awarded the Pritzker Prize, a top recognition in the field of architecture. Inspired by the medina (the old walled part of a town) and low-lying Arab settlements, Nouvel applied a contextual approach to the site, designing the Louvre Abu Dhabi as a ‘museum city’ in the sea with its contrasting series of 55 white buildings.
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EU MigrationEU Most Divided in World on Acceptance of Migrants
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Hurricane HarveyCrude Oil: Hurricane Harvey Threatens The Gulf Coast Petroleum Complex
Tropical storm Harvey is now expected to become a major hurricane and make a landfall around the city of Corpus Christi on late Friday night or early Saturday morning. Coastal storm surge and major rainfall and flooding may create interruptions for the extensive petroleum complex from Corpus Christi to Houston and Galveston.
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Commentary: Can Al Jazeera Survive Qatar and Saudi Arabia’s Feud?
Today, more than ever, opinion on Al Jazeera is starkly divided. The network’s supporters in the Middle East and the Gulf celebrate it as an outpost of free expression in a region stifled by autocratic rule. Opponents call it a mouthpiece for the Qatari government and for the forces of political Islam.
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TurkeyMerkel harming EU credibility over Turkey, minister says
Turkey's European Union minister accused Germany on Thursday of harming EU credibility by trying to dictate policy towards Ankara, after Chancellor Angela Merkel said there would be no expansion of a customs union or deepening in EU-Turkish ties.
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Iran SelfiesBad Selfie: Iranian Lawmakers Take Heat For Pictures With Top EU Diplomat
A group of Iranian lawmakers have come under fire for appearing too eager to take selfies with EU foreign-policy chief Federica Mogherini while she was in Tehran to attend a high-profile event.
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