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Level of Turmoil in Middle East at ‘Highest Point in 50 years’, Gulf Expert Writes in Politico Magazine
- June 5,2015
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- SUSTG Team
Gary Sick, a well-known and respected Gulf expert writes in an in-depth piece for Politico Magazine that the turmoil in the Middle East is at the highest point in 50 years, and that Saudi Arabia is dramatically increasing its efforts to slow the spread of Iranian influence across the region. Dr. Sick, a Columbia professor […]
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Saudi Arabia Seeks Sikorsky MH-60R Helicopters, First Military Sale Request from a Gulf State Since Camp David Summit
- May 22,2015
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- SUSTG Team
The Royal Saudi Navy is seeking to purchase 10 Sikorsky MH-60R Sea Hawk helicopters as part of its naval expansion program, the first military purchase since the U.S.-GCC summit last week in Washington, Defense News reports. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia […]
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After Crown Prince Visit, 12,000 Saudi Students in the U.S. Added to King Abdullah Scholarship Program
- May 19,2015
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- SUSTG Team
Custodian of the Two Holy Mosques King Salman approved on Thursday, May 14 the inclusion of 12,000 additional male and female Saudi students studying in the US at their own expense in the government’s King Abdullah Scholarship Program (KASP), according to reports. The inclusion came at the request of Crown Prince Mohammed bin Naif following […]
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President Obama Hosts GCC Leaders to Camp David, Offers ‘Ironclad’ Security Commitment
- May 15,2015
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- SUSTG Team
President Barack Obama hosted a summit of GCC member states in Camp David this week to shore up U.S. security support for external threats to Gulf Nations and discuss the Administration’s nuclear deal with Iran. Saudi Arabia’s Foreign Minister Adel Al-Jubeir called the U.S.-Gulf Cooperation Council (GCC) summit at Camp David “unprecedented” and said the day had brought U.S.-Gulf […]
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Busy First Day in Washington for Visiting Saudi Crown Prince Mohammed bin Nayef, Deputy Crown Prince Mohammed bin Salman and Foreign Minister Adel Al-Jubeir
- May 14,2015
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- SUSTG Team
U.S. President Barack Obama met in the Oval Office with Saudi Arabia’s Crown Prince Mohammed bin Nayef, Deputy Crown Prince Mohammed bin Salman, and Foreign Minister Adel Al Jubeir on Wednesday ahead of a wider summit with senior Gulf Arab officials. U.S. Vice President Joe Biden and U.S. Ambassador to the U.N. Susan Rice also […]
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After Sfakianakis Hire, Ashmore to Open an Office in Saudi Arabia Ahead of Market Opening
- October 15,2014
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- Lucien Zeigler
London-based Ashmore Investments is set to open an office in Saudi Arabia before the opening of the Saudi Stock Exchange to foreign investors, the Wall Street Journal‘s Nicholas Parasie reports. Ashmore, which is registered with the Saudi market regulator the Capital Markets Authority and based in Riyadh on Olaya Main Street, recently hired John Sfakianakis to join the […]
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Should the U.N. Security Council have a Permanent Seat for Arab States?
- November 11,2013
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- SUSTG Team
In the wake of Saudi Arabia’s decision to turn down a non-permanent seat on the U.N. Security Council, Saudi Arabia’s Ambassador to the United Nations Abdallah Yahya A. Al-Mouallimi is calling for Arab states to be permanently represented on the U.N.’s most powerful body and for veto power to be eliminated.
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MUST-READS
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FIIMBS: Middle East can be the ‘new Europe’
He said his “war” was restoring the Middle East to its past glory. “I believe the new Europe is the Middle East,” Prince Mohammed said. “The Kingdom of Saudi Arabia in five years will be completely different.”
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Saudi-SpainSpain will go ahead with sale of 400 bombs to Saudi Arabia
Spain will go ahead with the sale of 400 laser-guided bombs to Saudi Arabia, Foreign Minister Josep Borrell said on Thursday, after the deal was halted amid concerns over the Saudi role in the war in Yemen.
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Saudi-SpainSpain cancels bombs sale to Saudi Arabia amid Yemen concerns
As a longtime commercial ally of Saudi Arabia, Spain is the fourth-largest provider of military equipment and weapons to the Gulf state
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Oil PricesOPEC Oil Production Climbs as Saudi Arabia Pumps Near Record
The kingdom’s oil production grew by 230,000 barrels a day in July, to 10.65 million barrels per day. This is just shy of an all-time peak reached in 2016, according to a Bloomberg survey of analysts, oil companies and ship-tracking data.
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EU and Iran SanctionsTrump, Iran, Europe: A Rebellion of the Lambs?
But Germany has more than 100 companies established in Iran, and 10,000 which trade with it. The Italians are very present; the French have Peugeot, Renault, Total. And the European Union buys 40% of the oil exported by Iran. Airbus had just sold more than 100 planes.
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Virgin GalacticCommentary: Astronomy – the outer frontier of MbS’ liberalization
By focusing on space sciences, long a field rejected by ultra-conservative Islamic scholars, some of whom insist that the earth is flat, Prince Mohammed was setting the outer limits of his top-down redefinition of Saudi Arabia’s austere interpretation of Islam.
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Global Oil MarketsOil climbs on Saudi price ambitions and U.S. stocks draw
Brent crude futures LCOc1 reached $74.73 a barrel, the highest since Nov. 27, 2014 — the day OPEC decided to pump as much as it could to defend market share, sending the price to a low of $27 just over a year later.
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Saudi CinemaCommentary: Why crown prince MBS lifted the Saudi cinema ban
Government data said that Saudis already spend $30 billion—close to 5% of GDP— on entertainment and hospitality elsewhere in the Middle East and flock to nearby Dubai and Bahrain to watch films in theaters. So imagine if even a slice of those billions are kept in the country.
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U.S.-Saudi BusinessMBS in the USA: What the Saudi Prince Wants From US Business
MBS comes off as a unusual combination of super-smooth operator and fierce revolutionary. “He’s a politician’s politician, in a class with Bill Clinton. He charms you with jokes,” says Haykel. He adds that MBS flatters guests by giving them his full attention; he complimented Haykel on the views his visitor expressed in specific articles and TV appearances.
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MBS US VisitMbS Trip Will Test Strength of Resurgent U.S.-Saudi Ties
The crown prince will be aware of the need to polish his image in the United States since concerns regarding the recent corruption crackdown and detention of prominent Saudis, the humanitarian crisis in Yemen, and other issues could impact diplomacy and investment.
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