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  • Washington Post Editorial: Obama Right to Veto JASTA
     

    An editorial in today’s edition of the Washington Post calls for President Obama to veto the Justice Against Sponsors of Terrorism Act (JASTA) which reduces foreign sovereign immunity by allowing U.S. courts to hear cases involving claims against a foreign state for injuries, death, or damages that occur inside the United States as a result of […]

     
  • Asian Banks Said to Have ‘Intense Interest’ in First Saudi Foreign Debt Issuance, Reports Say
     

    Saudi Arabia is seeing “intense interest” in its first international bond sale of $15 billion and is considering further issuances given the current appetite, according to a report today in the Financial Times.  The Kingdom’s first international debt sale has generated so much interest from particularly from Asian investors that “the kingdom is weighing a […]

     
  • Contemporary Saudi Art Exhibit Continues Tour of America
     

    Today’s SUSTG Review includes a review from the East Bay Express about GENERA#ION, a traveling show presenting contemporary art from Saudi Arabia that is now on view in a number of galleries in San Francisco.  The East Bay Express gives the show a strong recommendation and, in fact, the exhibition has been very well-received as […]

     
  • Saudi CMA Presses on Adoption of International Financial Reporting Standards
     

    The Saudi Capital Market Authority (CMA) continues to press forward it’s efforts to make the Saudi stock market (Tadawul) more attractive to foreign investors.  Earlier this month the CMA approved amended rules for Qualified Foreign Investors by lowering the asset qualifications as well as adjusting upwards some key ownership limitations.  For more on those changes […]

     
  • Social Media Lights Up after First Saudi Woman Competes in 100m in Rio
     

    Saudi Sprinter Kariman Abuljadayel made history as the first woman ever to compete in the 100m dash in the Olympics at Rio, and she did it covered from head-to-toe. The sprinter did not qualify for the final event, but her participation in the 100m dash – like Sarah Attar’s participation in the 800m race in London in […]

     
  • Amended Rules Increasing Foreign Investor Access to Saudi Stock Market Approved
     

    Saudi Arabia’s Capital Market Authority (CMA) Board has approved changes to rules that regulate what type of foreign investor can enter into the Saudi stock market.  The changes include 24 Articles that address procedures, requirements, and conditions for the registration of qualified foreign investors (QFIs) with the CMA to invest in listed securities in the Saudi […]

     
  • Saudi Arabia Confirms Cooperation with Germany to Investigate, Prevent Terrorist Attacks
     

    Saudi Arabia’s has confirmed it was working with German investigators to track Islamist militants behind bomb and axe attacks in July. The news was originally reported by the German outlet Der Spiegel and confirmed in rare comments by a Saudi spokesman. A spokesman for the Saudi interior ministry, General Mansour al-Turki, said Saudi and German security experts […]

     
  • Jadwa Saudi Chartbook for August 2016: Signs of ‘Resilience’ in Saudi Economic Activity
     

    Jadwa Investment’s Saudi Chartbook for the month of August found points of “resilience” in economic activity, according to chief economist and head of research Fahad Al-Turki. “June data showed resilience in economic activity. Data on point-of-sale transactions and ATM withdrawals came out strong, while the non-oil PMI continued to reflect an expanding non-oil economy,” Jadwa said. Data on […]

     
  • 11 Saudi Citizens Including 7 Soldiers Die on Border with Yemen ahead of Next Round of Peace Talks
     

    Four people were killed and three wounded in Saudi Arabia when a shell fired from inside Yemen exploded in a town close to the border, Saudi Civil Defense said on Monday. The announcement followed news that seven Saudi soldiers and dozens of Houthi fighters were killed in heavy fighting on the border with Yemen on […]

     
  • Deputy Crown Prince Mohammed bin Salman Back in U.S. for Defense, Anti-ISIS Talks
     

    Deputy Crown Prince Mohammed bin Salman arrived in the United States for a second time in as many months this week for a defense ministerial meeting of nations involved in the effort to counter the self-described ISIS in Iraq and Syria, held at Joint Base Andrews, Maryland. Coalition partners taking part in the meeting “are looking for […]

     

MUST-READS

  • Saudi Arabia, Netherlands Explore Cooperation in Football

    President of the Saudi Arabian Football Federation (SAFF) Yasser bin Hassan Al-Misehal received Dutch Ambassador to the Kingdom of Saudi Arabia Hans Peter van der Woude today at the federation's headquarters in Riyadh. During the meeting, the two officials discussed aspects of cooperation in the field of football. They also reviewed the latest developments in collaboration between the Saudi and Dutch federations in areas such as youth development, women's football, and technological solutions related to modern football.

  • At least nine Palestinians killed as Israel mounts major West Bank operation

    At least nine Palestinians were killed on Wednesday, Palestinian authorities said, as Israeli forces raided the flashpoint cities of Jenin and Tulkarm as well as other areas in the occupied West Bank in a major operation involving helicopters and drones. The assault, one of the largest seen in the West Bank for months, followed a series of smaller raids in the area over recent weeks as Israeli forces sought to crush groups of fighters from Palestinian militant groups.

  • AI’s race for US energy butts up against bitcoin mining

    U.S. technology companies are pursuing energy assets held by bitcoin miners as they race to secure a shrinking supply of electricity for their rapidly expanding artificial intelligence and cloud computing data centers. Those data centers are driving the fastest U.S. power demand growth since the start of the millennium, outpacing grid expansions and leaving giant technology companies, like Amazon (AMZN.O) and Microsoft (MSFT.O) to scavenge for vast amounts of electricity.

  • Lego to replace oil in its bricks with pricier renewable plastic

    Toymaker Lego said on Wednesday it was on track to replace the fossil fuels used in making its signature bricks with more expensive renewable and recycled plastic by 2032 after signing deals with producers to secure long-term supply. Lego, which sells billions of plastic bricks annually, has tested over 600 different materials to develop a new material that would completely replace its oil-based brick by 2030, but with limited success.

  • Saudi Arabia Signals Ambition to Host Olympic Games

    “We as a country are setting up for doing more and more, and I think the Olympics is a logical step,” said Prince Faisal bin Bandar bin Sultan Al Saud, chairman of the Saudi Esports Federation. “But, when we are ready.” The prince spoke on the sidelines of the closing ceremony for the first ever Esports World Cup, which was held in Riyadh and featured a record prize pot for the industry, at $60 million.

  • Perspective: Saudi Official Views of Hamas

    Saudi disapproval of the October 7 atrocities began immediately after the massacre. When Hamas leader Khaled Meshaal appeared on the Saudi state-owned Al-Arabiya, an anchor asked him, “Would you apologize for what was done to Israeli civilians on October 7?” When he refused to give a clear answer, the anchor pressed him: “You say this is legitimate resistance in your view, but what the people saw on Western TV screens were transgressions by Hamas against civilians.”

  • Saudi Arabia condemns militant attacks in Pakistan’s Balochistan

    Saudi Arabia condemned on Tuesday attacks by separatist militants in Pakistan’s southwestern province of Balochistan that started late on Sunday. At least 73 people were killed in Pakistan’s province of Balochistan when separatist militants attacked police stations, railway lines, and highways. The Kingdom confirmed its rejection of all forms of violence, extremism, and the targeting of civilians.

  • Saudi crown prince discusses situation in Gaza with Palestinian president

    The Crown Prince stressed that the Kingdom will continue its efforts to communicate with all international and regional parties to stop the escalation in the war-torn territory. He also reiterated Saudi Arabia’s contentious support for the Palestinian people to achieve their legitimate rights to a decent life, fulfill their hopes and aspirations, and achieve just and lasting peace.

  • The Saudi Sherpa Office Holds Second Workshop to Coordinate with Saudi Government Entities Participating in 2024 G20

    The Saudi Sherpa Office at the Ministry of Finance held today, August 27, 2024, the second G20 workshop to coordinate with Saudi government entities participating in the 2024 G20 under the Brazilian presidency. The workshop was chaired by His Excellency the Saudi Vice Minister of Finance, Saudi Sherpa, Mr. Abdulmuhsen Alkhalaf, and attended by the Kingdom's representatives in the G20 working and engagement groups.

  • Hezbollah strike on Israel revives focus on Iranian pledges of retaliation

    Comments by Iran’s supreme leader on the nature of war have renewed focus on pledges that Israel will pay for the assassination of a Palestinian leader in Tehran. Ayatollah Ali Khamenei’s intervention notably follows Hezbollah’s launch of a drone and rocket attack on Israel in retaliation for Tel Aviv’s killing of the Lebanese group’s top military commander. Meanwhile, insisting that Iran does “not seek” escalation, Iran’s new chief diplomat has warned of a “definitive” reaction against Israel that will be “measured” and “well calculated.”