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Recent stories from sustg
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Energy Secretary Rick Perry Meets with Top Saudi Leaders; Photos from Visit Go Viral
- December 6,2017
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- SUSTG Team
U.S. Secretary of Energy Rick Perry visited Saudi Arabia over the weekend as part of a tour of three Gulf states, his first trip to the region since becoming the top U.S. energy official. Secretary Perry’s tour of Saudi Arabia was packed with events and visits with key Saudi officials as well as energy institutions in the […]
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UAE, Saudi Arabia to form new ‘Joint Cooperation Committee’
- December 5,2017
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- SUSTG Team
The United Arab Emirates on Tuesday announced it has formed “a new economic and partnership group” that is a “joint cooperation committee” with Saudi Arabia, separate from the Gulf Cooperation Council, in a move that further emphasizes Saudi-UAE alignment amid a diplomatic crisis with member state Qatar. The Emirati Foreign Ministry announcement was made just hours ahead of a […]
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Citigroup Saudi Arabia to be ‘Fully Operational’ in 1Q 2018
- November 15,2017
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- SUSTG Team
Citigroup will be “fully operational” in Saudi Arabia in the first quarter of 2018 after an absence of more than a decade, according to reports, as it seeks to capitalize on opportunities in debt and equity capital markets. The new business will be branded as Citigroup Saudi Arabia and will offer a full range of investment banking, debt […]
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Markets Rattled by Saudi Shake-Up, Rising Regional Tensions
- November 10,2017
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- SUSTG Team
Rising tensions between Saudi Arabia and Iran, as well as the kingdom’s crackdown on corruption last week that has seen over 200 jailed and $100b in assets frozen, have rattled markets in the region and kicked off efforts for wealthy Saudis to move money abroad, according to reports. In Lebanon, where tensions are escalating between the two […]
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Al-Jubeir: ‘There Is No Doubt’ Iranian-Built Missile Shot from Yemen ‘Act of Aggression’
- November 7,2017
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- SUSTG Team
Saudi Arabia’s Foreign Minister Adel Al-Jubeir said that Saudi Arabia had the right to defend itself against Iran and would take “appropriate” actions to counter Iranian aggression against the Kingdom, according to an interview the foreign minister gave to CNN. On Saturday, Saudi Arabia said it intercepted a missile shot from Yemen that nearly reached Riyadh’s […]
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Saudi Arabia Takes Significant Step Toward Formal Tender for Peaceful Nuclear Power Plants
- October 31,2017
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- SUSTG Team
Saudi Arabia has sent a request for information (RFI) to international suppliers to build two nuclear power plants, a first step towards a formal tender, three sources told Reuters. Saudi Arabia has announced plans to extract uranium domestically as part of its nuclear power program and will start building its first nuclear reactors next year. Extracting […]
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Crown Prince Mohammed bin Salman Makes Rare Public Speaking Appearance at Conference in Riyadh, Announces New Megacity
- October 24,2017
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman made a rare public speaking appearance today at the Future Investment Initiative conference, organized by Saudi Arabia’s Public Investment Fund (PIF). The Forum in Riyadh, with attendance by chief executives of BlackRock Inc. and Blackstone Group LP and leaders from Goldman Sachs Group Inc. and J.P. Morgan Chase […]
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Keeping Track of Saudi Arabia’s Public Investment Fund’s Expanding Footprint
- October 19,2017
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- Lucien Zeigler
Saudi Arabia’s Public Investment Fund (PIF) has created a handful of new companies in several sectors in the Kingdom while investing in many others, injecting capital and a new competitor in the housing, energy, waste and recycling, tourism, transportation sectors and more. As the PIF’s role in the Saudi economy increases, critics say the mega-fund will crowd out private […]
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Goldman Sachs Head Lloyd Blankfein Visits Saudi Arabia, Calls Changes in Kingdom ‘Striking’
- September 29,2017
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- SUSTG Team
Goldman Sachs Group’s CEO visited Saudi Arabia this week and praised the Kingdom’s reform efforts on Twitter, calling the progress in Saudi Arabia “striking.” Lloyd Blankfein visited Saudi Arabia after speaking on a panel with the managing director of Saudi Arabia’s sovereign wealth fund, Yassir Al-Rummayan, on September 20th. In comments on that panel, Blankfein said Saudi […]
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With Historic Decree on Saudi Women Driving, An Economic and Social Game-Changer
- September 27,2017
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- SUSTG Team
Saudi women and champions of equal rights around the world embraced a decision by Saudi Arabia’s King Salman to allow women to drive for the first time, a landmark royal decree that will change the Kingdom’s economy and society in countless ways. Saudi Women will now be able to legally apply for their own driving licenses without having to secure […]
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MUST-READS
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NuclearDecision time looms for Saudi on nuclear power?
Despite being available at a relatively low cost, the soaring demand for energy in the Gulf has led to years of attempts to find alternative energy sources for some countries.
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Qatar: 2022 World Cup StadiumsWho’s building Qatar 2022 FIFA World Cup stadiums?
Construction Week looks at the contracting and consulting firms lined up to construct the five stadiums Qatari organisers have announced so far.
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AfghanistanIs Afghanistan Backsliding?
Amid the horrors of war in Syria, Yemen and Iraq, it's become easy to overlook Afghanistan. Remember Afghanistan? Back in the mid-2000s, it was known as the "forgotten war," eclipsed by the bloodshed in Iraq. Now it's overshadowed all over again. But there's plenty of reason to pay attention.
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Foreign FightersReturning foreign fighters: Criminalization or reintegration?
Drawing on case studies from countries such as France, Denmark, and the United Kingdom, this Policy Briefing by Charles Lister points to the necessity of counter-terrorism measures, yet cautions against allowing these policies to translate into blanket criminalization of individuals or communities.
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SyriaSyria crisis: What’s behind the fresh diplomatic push?
The last few weeks have seen intense diplomacy between Iran, Saudi Arabia, the United States and Russia, in what seems to be a concerted effort to break the logjam over the Syrian conflict.
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U.S. Oil ImportsMost Americans think the US gets its oil from Saudi Arabia — what’s the real answer?
A series of charts created by Randal Olson, a data visualizer at the University of Pennsylvania, goes to show there's still a lot Americans don't understand about where the US gets its oil.
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Al-QaedaWhere in the world is al-Qaida’s leader?
The emir of al-Qaida, Ayman al-Zawahri, has not made any public statements since September 2014. His now 11-month long absence is unprecedented. Next month will be a key test for Zawahri: the anniversary of 9/11—a milestone he has spoken out on for years.
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Missile SalesAre $1.5 Billion in Lockheed Martin’s Patriot Missiles Headed to the Middle East?
More importantly, while $1.5 billion is a fair amount of money, it's the fact that this is a foreign military sale that's especially good news for Lockheed Martin. Here's why.
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Working ConditionsAre working conditions improving in GCC countries?
Wage payment has been a long-running concern for the region’s construction industry. Fortunately for labourers, governments and related authorities, especially in the UAE, have recognised payment delays as a constant failure in an otherwise-evolving system.
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King Abdullah Scholarship ProgramSaudi Arabia’s Scholarship Program: Generating a “Tipping Point”?
On July 21, 2015, the Atlantic Council's Rafik Hariri Center for the Middle East hosted a roundtable to discuss the King Abdullah Scholarship Program and its potential to influence the future of Saudi Arabian foreign policy.
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