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Saudi Arabia, Palestine to Set Up Joint Business Council
- October 17,2019
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- SUSTG Team
Saudi Arabia and the Palestinians agreed on Thursday to establish a joint economic committee and a business council, the SPA reports. Palestinian President Mahmoud Abbas visited Riyadh on Wednesday and met with King Salman and Crown Prince Mohammed bin Salman. The official Saudi Press Agency said that the leaders reached “an agreement on the establishment of a […]
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Historic Change Opens Up Saudi Arabia to Foreign Tourists, Relaxes Dress Restrictions
- September 27,2019
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- SUSTG Team
Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. Until today, visas were largely restricted to pilgrims, business travelers and expatriate workers, leaving much of Saudi Arabia – including 5 UNESCO World Heritage sites, […]
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Saudi Arabia’s Financial Sector Development Program Sees ‘Fair Level of Progress’, Report Says
- September 20,2019
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- SUSTG Team
A recently-released report from Jadwa Investment finds “a fair level of progress on most areas” in the Kingdom’s important Financial Sector Development program (FSDP), encouraging news for the diversification of Saudi Arabia’s economy and modernization of its financial sector. The FSDP, one of the Kingdom’s Vision 2030 ‘Vision Realization Programs’ (VRPs), aims to develop a diversified […]
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Saudi Arabia will Continue Efforts to Raise Oil Prices with Compliance on OPEC+ Production Cuts
- September 12,2019
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- SUSTG Team
Saudi Arabia’s new minister of energy Prince Abdulaziz bin Salman said the Kingdom would continue to overcomply voluntarily with oil output cuts agreed by the OPEC+ producer alliance, Reuters reports, as the Saudi Arabia hopes to push the price of oil higher. The comments from the new minister came after a meeting of ministers from […]
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Saudi energy ministry appoints new head of REPDO, the Kingdom’s renewables body
- September 6,2019
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- SUSTG Team
Saudi Arabia’s energy ministry has appointed a new head of its renewable energy project development office (REPDO) as the Kingdom pushes ahead with ambitious plans to integrate more renewable energy as part of its Vision 2030 economic and social reform plan. Faisal Al-Yemni, who was previously chief executive at GCC Assets Investment and Development Company and has […]
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Women in Saudi Arabia begin exercising new travel rights as reforms progress
- August 23,2019
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- SUSTG Team
Saudi women are beginning to exercise their new rights to travel without guardian approval as the Kingdom continues to enact progressive reforms as part of its Vision 2030 social and economic blueprint. This week’s announcement by the Departments of Passport and Civil Status that the organization has begun enforcing the amended Travel Documents Law and regulations […]
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Saudi Aramco Picks Advisors for Second Run at Initial Public Offering
- August 21,2019
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- SUSTG Team
Saudi Aramco has made first selections for financial partners in its rejuvenated attempt to file for an initial public offering (IPO), choosing Bermuda-based Lazard Ltd. and Moelis & Co. as advisors, people with knowledge of the matter told Bloomberg. “The boutique investment banks have started preparatory work on the offering, according to the people, who asked not to be […]
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U.S. Ambassador to Saudi Arabia Praises Kingdom’s Generosity and Hospitality during 2019 Hajj
- August 16,2019
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- SUSTG Team
US Ambassador to Saudi Arabia John Abizaid praised the Kingdom’s hospitality during this year’s Hajj season, noting Saudi Arabia’s generosity was “truly on display for the world to see.” “On behalf of the United States Mission to Saudi Arabia I would like to extend our best wishes to all Muslims in Saudi Arabia and around the world […]
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UAE’s Sheikh Mohamed bin Zayed Visits Jeddah, Mecca for Meetings with Top Officials
- August 13,2019
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- SUSTG Team
The Crown Prince of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, arrived in Jeddah today for talks with Saudi Arabia’s top leaders, according to reports. The Crown Prince was received at King Abdulaziz International Airport in Jeddah by Prince Khalid bin Salman bin Abdulaziz, Deputy Minister of Defense and former Saudi Ambassador to […]
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2019 C3 U.S.-Arab Healthcare and Business Summit Set for Monday, September 23rd at the Union League Club in New York
- August 6,2019
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- SUSTG Team
The 8th annual C3 U.S.-Arab Healthcare and Business Summit is set to take place on Monday, September 23rd, 2019 at the Union League Club in New York City. Organized in cooperation with the U.S. State Department and the U.S. Chamber of Commerce, this year’s event takes place under the banner, “Fortifying the Globalization of Healthcare and […]
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MUST-READS
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Aramco IPOHow Would an Aramco IPO Benefit Saudi Arabia?: Video
Masood Ahmed, director of the IMF's Middle East and Central Asia Department, discusses the impact of the oil glut on global markets.
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World Economic ForumReport: Who won Davos? Day 1: O Canada!
The relentless optimism of Canada’s leader—slipping seamlessly between English and French—was enthusiastically out-of-step with the prevailing mood of the other big names making appearances on the first day of the jamboree. “I believe in positive, ambitious leadership,” he said.
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Oil ExportsPrivatization of Saudi Aramco: A Path to Good Governance?
Saudi citizens would not begrudge proper salaries for the princes and princesses who work in the various ministries and the numerous princes in the security services and armed forces. On the other hand, the public may object strongly to stipends paid to the many princes and princesses not directly employed by the state or stipends paid in addition to their normal salaries as civil servants.
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World Economic ForumCommentary: Who will win Davos 2016?
In the end, what is actually said at Davos is rarely remembered after the private planes take off and normal life resumes. But as geopolitical theater, there are few better events.
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U.S. AidBetter next time? Tales from the American aid experiences in Iraq and Pakistan
In the last decade, government assistance to Afghanistan, Iraq, and Pakistan (the AIP countries) has dominated U.S. aid efforts. We’ve learned that it’s difficult to provide aid to dangerous places.
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Saudi Foreign PolicyForeign Minister Al-Jubeir: “Make Up Your Mind, Whose Going to Lead?”
"Now that Saudi Arabia has stepped up... people are saying 'why are the Saudis doing this, it reckless.' It's one of those positions of it's damned if we do, damned if we don't. Make up your mind. Do you want us to lead or do you want us to support? And if you want us to support, whose going to lead?"
- Arab News - Al-Jubeir, Kerry discuss regional affairs
- U.S. State Department - Remarks With Saudi Foreign Minister Adel al-Jubeir
- Saudi Gazette - US stands by Saudi Arabia: Kerry
- US News - US Secretary of State John Kerry is standing by ally Saudi Arabia in its widening rift with Iran over the execution of a Shiite cleric
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SudanWhy has Sudan ditched Iran in favour of Saudi Arabia?
“The government realised it was very isolated, even within the Arab world, and decided to change sides,” Abidine said.
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Saudi AramcoWhat’s at Stake in Privatizing Saudi Aramco Now?
Saudi Arabia’s Deputy Crown Prince, Mohammad bin Salman, gave a fascinating interview to the Economist on January 4. Among the many subjects he covered, one in particular appealed to energy wonks—the privatization of Saudi Aramco.
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ISIS and Al-QaedaExperts Weigh In: What is the future of al-Qaida and the Islamic State?
It does not merely empower Muslims to fend off attacks on their lives, property, and honor; the Islamic State offers its enthusiastic followers an historic chance to build a utopian order and restore the early Islamic empire or caliphate.
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Saudi WorkforceWhy revive Saudi Arabia for non-Saudis?
We must establish a plan parallel to the National Transformation Plan in order to liberate the Saudi market and economy from foreign workers.
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