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In First Interview as Capital Markets Authority Chairman, Mohammed Al-Jadaan Indicates Willingness to Open Stock Market to Wider Foreign Investment
- October 21,2015
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- SUSTG Team
Saudi Arabia would be open to relaxing its rules on foreigners investing directly in its stock market to help it get included in global indices, the chairman of the Capital Market Authority told Reuters. In his first interview with international media, Al Jadaan told Reuters that “[o]ne of our objectives is to ensure we are […]
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Saudi Prince Turki al-Faisal Outlines Saudi Foreign Policy Principles, Bids Heartfelt Farewell to Late Brother at AUSPC Keynote
- October 19,2015
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- SUSTG Team
In remarks to attendees at the Arab-US Policymaker’s conference in Washington, D.C. last week, HRH Prince Turki al-Faisal outlined a Saudi foreign policy with three central pillars before paying a heartfelt tribute to his brother, the former foreign minister who passed away earlier this year. The remarks, included below, framed Saudi foreign policy around unity, […]
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Perspective: “Lessons from America’s Continuing Misadventures in the Middle East” – Chas Freeman’s Speech to AUSPC in Washington
- October 15,2015
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- SUSTG Team
In the opening keynote at this year’s 24th Arab-US Policymaker’s conference, Ambassador Chas W. Freeman, Jr. discussed the lessons from America’s “continuing misadventures in the Middle East.” The event, hosted by the National Council on U.S.-Arab Relations in Washington, D.C., enters its second day today at the Ronald Reagan International Trade Center. Ambassador Freeman chairs Projects […]
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CMA Tightens Curbs on Anonymous Investors in Preventive Measure to Curb Money Laundering and Terrorist Financing
- October 14,2015
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- SUSTG Team
Saudi Arabia’s Capital Market Authority has further tightened its restrictions on anonymous investors trading shares through brokers in a bid to prevent money laundering and financing of militant groups, Reuters reports. The new rules apply to Saudi and Gulf-based brokers and banks “which offer opportunities to invest in the Saudi stock market through funds called ‘nominee accounts’. […]
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Iranian Fighters Among Those Captured So Far in Yemen, According to a Former Saudi Navy Captain and Prince
- October 7,2015
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- SUSTG Team
At a NCUSAR-hosted event on Capitol Hill in Washington yesterday, HRH Navy Captain (Ret.) Prince Sultan bin Khalid Al-Faisal told an audience that Iranians and Hezbollah forces have been captured by Saudi-led coalition forces in Yemen. Barbara Slavin in Al Monitor writes that while Prince Sultan bin Khalid Al-Faisal was not speaking on behalf of the Saudi government, “his […]
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As Putin Ramps Up Attacks in Support of Assad, Saudi Arabia and the Gulf States Eye a Response
- October 5,2015
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- SUSTG Team
Russia’s recent military escalation in support of Syria’s embattled president is placing Riyadh and Moscow on a collision course as regional powers vie to determine the future of in the war-torn country. In the near term, it is expected that Russian air power will “provide desperately needed air support and boost the morale of Syria’s battered […]
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An Overview of the Conflict in Yemen, in Maps
- October 1,2015
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- SUSTG Team
The European Council on Foreign Relations published an extensive and informative overview of the conflict in Yemen using maps to show the country’s political history and ongoing conflicts. “Far from reaching a tidy conclusion,” the conflict is War in”growing, if anything, more complicated by the day,” the EUCFR writes. “Rather than being a single conflict, […]
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14 Years After 9/11 Attacks, U.S. Judge Throws Out Suit Against Saudi Arabia
- September 30,2015
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- SUSTG Team
A U.S. judge on Tuesday dismissed claims against Saudi Arabia by families of victims of the Sept. 11, 2001 attacks, just over 14 years after the strikes on the World Trade Center towers and the Pentagon. U.S. District Judge George Daniels in Manhattan said Saudi Arabia “had sovereign immunity from damage claims by families of […]
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Over 700 Dead and Hundreds More Injured after Stampede in Mina Seen as ‘Worst Hajj Disaster in 25 Years’
- September 24,2015
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- SUSTG Team
At least 717 pilgrims were killed and 805 others were injured on Thursday in a stampede in Mina, outside the Muslim holy city of Mecca, in the worst disaster to strike the annual haj pilgrimage in 25 years. The stampede was caused by two large groups of pilgrims arriving together at a crossroads on their way […]
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More Airstrikes in Saudi Arabia as Soldiers Said to be Captured by Houthis
- September 22,2015
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- SUSTG Team
Two Saudi soldiers fighting with the Arab coalition in Yemen have been detained by Houthi rebels and three others are missing as Saudi airstrikes continue to pound targets across the war-torn country today. The two Saudi soldiers were on the ground in Yemen and “are detainees and not hostages,” according to Brig. Gen. Ahmed Asseri of […]
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MUST-READS
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Tech TrendsMiddle East’s digital makeup: Here are seven key findings on region’s tech trends
New research shows the shifts in mobile, the internet, and social media in the Middle East and North Africa.
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China: Saudi: Iran: U.S.Walking A Tightrope: China Maneuvers Between Saudi Arabia And Iran
The sanctioning of ZTE sends China a message that the U.S. does not endorse business as usual with Iran and that this could have consequences for future U.S.–China trade negotiations.
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MosulIraqi forces retake Mosul museum, close in on IS-controlled old town
Iraqi forces on Tuesday recaptured the main government building in Mosul, the central bank branch and the museum where three years ago the militants filmed themselves destroying priceless statues.
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PakistanSuicide bombers in Pakistan kill five in attack on court | Reuters
Suicide bombers attacked a court complex in Pakistan on Tuesday, killing five people and wounding 20, police officials said, the latest incident in a new surge of Islamist violence.
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Healthcare Joint VenturesPfizer partners with Tabuk Pharmaceuticals to provide medicines to Saudi market
The venture leverages the local manufacturing capabilities of Tabuk and global promotional capabilities of Pfizer Saudi Limited.
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EntrepreneurshipSaudi Ministry of Commerce and Investment Backs Entrepreneurs via KAEC
Saudi Arabia has started taking some serious procedures towards motivating entrepreneurs’ projects and increasing their contribution in local economy – the Saudi Ministry of Commerce & Investment announced on Sunday a package of new facilities provided for small and medium enterprises (SMEs) represented in exempting entrepreneurs of paying offices’ rental fees for five years, knowing that the offices are located in King Abdullah Economic City (KAEC).
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Tillerson and EUEU top diplomat discusses Russia, Iran nuclear deal with Tillerson
In their first meeting, the European Union's foreign policy chief Federica Mogherini and U.S. Secretary of State Rex Tillerson spoke "at length" about terrorism, Russia, the Iran nuclear deal and Ukraine, the EU said in a statement.
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Kingdom Holding Stock SwapWalt Disney seeks control of troubled offspring Euro Disney
Walt Disney Co (DIS.N) is to seek full control of Euro Disney (EDLP.PA) after raising its stake in the underperforming operator of Disneyland Paris through a deal with Saudi billionaire Prince Alwaleed bin Talal.
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BechtelBechtel embroiled in bribery claims as Saudi family feud goes to court
But London’s Court of Appeal on Monday heard of a “corrupt scheme” the company was implicated in, with a witness statement naming the company in bribery allegations around the construction of the massive Riyadh metro system.
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AlgeriaTensions Rise as Algeria’s Leaders Feud and the Economy Stagnates
There are undeniable investment opportunities, especially in the energy and banking sectors, but for many the political and economic risks may remain prohibitively high for some time to come.
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