Recent stories from sustg

• IEA 2015 Report: Oil Likely to Rise to $80 by 2020, but Risks for ‘Dependency’ on Low-Costs Producers Heightened
  • November 11,2015

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  • SUSTG Team
   

  Consumers stand to benefit from an extended period of lower oil prices, but a prolonged period would “trigger energy-security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short,” the International Energy Agency (IEA) said in its 2015 World Energy Outlook publication (WEO-2015). […]

   
• Saudi Arabia Submits Climate Plan in Advance of Paris Summit
  • November 10,2015

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  • SUSTG Team
   

  In advance of the November 30 – December 11, 2015 World Climate Summit in Paris, France, Saudi Arabia has submitted a plan to reduce it’s expected output of carbon emissions by 130 million tons by 2030. Reuters and Al-Arabiya reported that Saudi Arabia was the last of the Group of 20 major economies to submit […]

   
• Uber Eyes Fast-Growing MENA Markets for $250m Expansion
  • November 5,2015

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  • SUSTG Team
   

  Uber Technologies Inc. is investing $250 million to expand in the Middle East and North Africa, which have some of the ride-sharing service’s fastest-growing markets, Bloomberg reports. Uber is already in Saudi Arabia, and the ride-sharing app is having a significant impact on the transportation economy there. And Uber is also making a social impact. Since […]

   
• Long Saudi Arabia’s Third Rail, Energy Subsidies May be Targeted to Address Fiscal Challenges
  • November 4,2015

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  • Lucien Zeigler
   

  With shrinking assets and a growing budget imbalance, Saudi Arabia is reportedly eying cuts to its domestic energy subsidy program, long a third rail for Saudi domestic politics. Although a reduction in energy subsidies could help the government balance its budget, the subsidies may be challenging politically. “On paper, ditching subsidies would close around two-thirds of […]

   
• Al-Jubeir: Yemen’s War in the ‘Final Stage’; But Victory May Still Prove Elusive
  • November 3,2015

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  • SUSTG Team
   

  Saudi Arabia’s Foreign Minister Adel Al-Jubeir said that the Saudi-led coalition battling the Houthi rebels in Yemen is entering its final stages. “I am confident that the Yemeni conflict has entered its final stage, and I’m optimistic,” Al-Jubeir said. “There are indications that the war in Yemen is entering a final phase. The legitimate government […]

   
• Consumers in Saudi Arabia Unaffected by Slump in Oil Price, Government Fiscal Policy Shifts
  • November 2,2015

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  • SUSTG Team
   

  Consumers in Saudi Arabia are thus far reportedly feeling few effects of the fall in oil prices on the broader Saudi economy, Bloomberg reports, though the government is taking measures to curb spending and adjust its fiscal policy to new realities. “It’s Saudi policy in action,” writes Bloomberg. “When the revenue slows down, as it’s doing […]

   
• Ahead of Critical Syrian Peace Summit, Saudi Arabia Looks to ‘Test’ Iran on Commitment to Peace
  • October 29,2015

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  • SUSTG Team
   

  Vienna, Austria will play host to a crucial meeting on Friday on the future of Syria and international efforts to end the bloody 4-year civil war that has left hundreds of thousands dead and has served as a breeding ground for Daesh, or the self-described ISIS. For the first time, all the main powers with […]

   
• Surge in Use of Stimulant Fuels Concern in Saudi Arabia
  • October 28,2015

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  • SUSTG Team
   

  The recent arrest of a member of Saudi Arabia’s royal family for attempting to import 2 tons of an illegal drug has dragged Saudi Arabia’s underground drug culture into the spotlight. Use of fenethylline, more commonly known by its commercial name Captagon, is on the rise in Saudi Arabia and especially among the youth. The drug […]

   
• Bomb Rips Through Shia Mosque in Najran City, Saudi Arabia, Killing One; Daesh Claims Responsibility, Suspect Named
  • October 27,2015

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  • SUSTG Team
   

  A bomb ripped through a Shia mosque in Najran City in Saudi Arabia yesterday, killing one and injuring at least 16 people in the latest in a spate of murderous attacks across Saudi Arabia in the last year. Daesh has claimed responsibility for the suicide bombing at the al-Mashhad mosque. Saudi Authorities have named a suspect. […]

   
• In Riyadh, Secretary of State John Kerry Meets with King Salman, Top Saudi Officials to Discuss Syria Coordination
  • October 26,2015

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  • SUSTG Team
   

  Secretary of State John Kerry visited HRH King Salman and top Saudi officials in Riyadh over the weekend to discuss coordination in Syria, according to reports.  Reuters reports that the United States and Saudi Arabia agreed to increase support to Syria’s moderate opposition while seeking a political resolution of the four-year conflict, the U.S. State […]

   
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