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Recent stories from sustg
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Collapse in Oil Prices Hits Saudi S&P Credit Rating
Saudi Arabia and other oil-producing nations saw a cut in credit ratings by Standard & Poor’s on Wednesday amid the collapse in crude oil prices, according to reports. According to Forbes, Saudi Arabia is now rated A-, “a two notch downgrade from S&P’s previous rating of A+, [and] is forecast to have a current account deficit […]
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Will 2016 be a Big Year for the Middle East Solar Energy Market?
Writing for Green Tech Media, Jason Deign, comments that the Middle East market for solar energy is anticipating a big year in 2016… maybe. The Middle East Solar Outlook for 2016 produced by the Middle East Solar Industry Association (MESIA) forecasts that more than 4 gigawatts of solar power projects are planned across the region. Deign takes a […]
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Jadwa: Saudi Economy will Continue to Slow in 2016
Riyadh-based Jadwa Investment recently released an updated analysis on Saudi Arabia’s economy, painting a gloomy picture of the Kingdom’s economic health in the face of low oil prices. The Saudi economy will continue to slow in 2016 as the private sector gradually adjusts to the new norm of fiscal deficits and lower spending announced by […]
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Saudi Arabia ‘Ready to Participate in Any Ground Operations’ by Coalition in Syria
Saudi Arabia has announced its readiness to send ground troops to Syria to help in the battle against ISIS, or Daesh, according to comments made by a Saudi defense official. “The kingdom is ready to participate in any ground operations that the coalition (against ISIS) may agree to carry out in Syria,” said military spokesman […]
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Analysis: Taking Stock of ‘Nitaqat’ Labor Reforms, 5 Years On
5 years ago – as the Arab Spring rocked the Middle East – the Saudi government launched its own version of “political” reform. In September 2011 it began a series of policies aimed at reforming the country’s labor market and lowering the Kingdom’s chronically high unemployment rates. I have been following the fate of these […]
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Saudi Arabia, Turkey Support Syrian Opposition at Geneva Talks but ‘Avoid Setting the Agenda’
Saudi Arabia and Turkey voiced their support of Syria’s opposition members in Geneva for possible U.N.- sponsored peace talks with the Syrian regime, whether the opposition continued with the talks or not. The comments were made in a joint press conference by Saudi Arabia’s Foreign Minister Adel Al-Jubeir and Turkish Premier Ahmet Davutoglu in Riyadh. Saudi […]
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U.S., Saudi Business Leaders to Meet in Riyadh for U.S.-Saudi CEO Summit, GCF 2016
U.S. and Saudi business leaders will convene in Riyadh this weekend and into next week for events aimed at promoting business opportunities and investment in Saudi Arabia and enhancing the bi-lateral commercial relationship with the United States. The inaugural U.S.-Saudi CEO Summit, organized by the U.S. Chamber of Commerce and the Council of Saudi Chambers […]
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IMF Backs Saudi Cuts, Puts Saudi Growth Forecast at 1.2 Percent in 2016
The “new reality” of lower crude prices means governments in the Gulf – and especially Saudi Arabia – are right to cut spending to reflect this new fiscal reality, the IMF said. The IMF slashed its forecast for growth in Saudi Arabia, as it blamed the slowing Chinese economy, the collapse in oil prices and […]
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Saudi-led Intervention in Yemen to Restore Hadi Continues into 10th Month with ‘Different Objectives’
The Saudi-led intervention in Yemen continues into its 10th month of fighting with some gains but no decisive victory for the coalition seeking to restore power to the UN-recognized Hadi government and oust control of parts of the country from Houthi militia members. The coalition has retaken Aden, Yemen’s southern port, and according to Saudi […]
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Oil Dips Below $30 on Brent for the First Time Since 2004 as Iran, China Put Downward Pressure on Prices
The price of oil on Brent fell below $30 a barrel for the first time since April 2004, but eventually recovered to $30.22, according to reports. Oil prices have fallen by 70% in the past 15 months. A gusher of supply from around the world continues to put downward pressure on prices. According to CNBC, U.S. […]
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MUST-READS
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Syria Peace Talks: Why Were Some Nations Invited and Others Not?
The latest attempt to end the six-year war in Syria kicked off in Kazakhstan on Monday, though the enemies still couldn't bring themselves to talk to each other directly.
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Will Saudi Arabia Go Back to Old Spending Habits?
Fahd Iqbal, head of Middle East research at Credit Suisse, discusses President Donald Trump's economic plans and the prospects for Saudi Arabia's economy with Bloomberg's Yousef Gamal El-Din and Shery Ahn on "Bloomberg Markets: Middle East."
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What game is Russia playing in Libya?
Russia is trying to politically dominate the Libya file on the international stage like it did with Syria.
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The Military Loves the Obama Doctrine. Can It Survive Trump?
Commanders say they’re already fighting ISIS the right way: “by, with, and through” local forces.
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Can Mohamed bin Salman Reshape Saudi Arabia?
Saudis are understandably fearful, but there is also a powerful and crucial consensus inside the Saudi government about the unsustainability of the country’s current economic system and way of doing things.
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Will the New Silk Road be Paved with Riches?
When China, in 2013, broached the idea of revitalizing the routes of commercial and cultural exchanges explored by the “diligent and courageous” silk traders of Eurasia, Beijing had two major domestic policy objectives in mind.
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How Many Airstrikes Did US Forces Execute in 2016?
Estimates from government releases show Iraqi and Syrian targets got hit the hardest.
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Is Oman aligning with the Saudis on Iran?
Joining the Islamic military alliance is a gesture toward Riyadh by Qaboos. It is expected to help set the stage for a visit to the Sultanate by King Salman in the new year.
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Who is the Egyptian artist in today’s Google Doodle?
Today, Google's doodle celebrates the 104th birthday of Hussein Bicar, one of the most important Egyptian artists of the 20th century.
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Commentary: What did John Kerry’s parting shot on Middle East mean?
But the central portion of the speech was a harsh attack on the settlement enterprise and why they undermine the prospects for a two-state solution.
- CSM - Why UN resolution against Israeli settlements could backfire
- Brookings - What’s new and what’s not in the U.N. resolution on Israeli settlements
- Guardian - John Kerry's Middle East plan mirrors Bill Clinton's futile end-of-term attempt
- New Yorker - The Obama Administration's Final Warning on the Middle East Peace Process
- Reuters - In parting shot at Israel, Kerry warns Middle East peace in jeopardy
- U.S. Department of State - Remarks on Middle East Peace
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