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Aramco Names Ibrahim Al Buainain as Chief Executive of Its Trading Arm
- July 27,2016
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- SUSTG Team
Saudi Aramco has named Ibrahim Al-Buainain as chief executive of its trading arm, the company said on Tuesday, as Al-Buainain’s star continues to rise within the ranks of the energy giant. Ibrahim Al-Buainain’s promotion to CEO of Saudi Aramco Trading takes effect this month. In November 2014, Aramco named Al Buainain as head of Saudi […]
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Flare Up on Saudi Border with Yemen as Saudi Shoots Down Missile
- July 25,2016
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- SUSTG Team
The Saudi-led military coalition said Sunday that it shot down a ballistic missile fired at the Kingdom from Yemen, according to reports. The missile targeting the southern city of Najran was intercepted at 9:30 a.m. Saturday, a statement carried on the official Saudi Press Agency says. On the same day, Saudi-led airstrikes hit hideouts of the […]
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New Saudi Fund Created by Apicorp and Bahri Seeks to Create Biggest Tanker Fleet
- July 19,2016
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- SUSTG Team
A venture between Arab Petroleum Investment Corporation (Apicorp) and National Shipping Co. of Saudi Arabia (Bahri) “will create the world’s largest fleet of oil tankers and support the kingdom’s plan to boost crude exports,” according to a report in Bloomberg, which cited comments from Dr. Khalid al-Falih. The venture will create a $1.5 billion fund […]
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‘Saudi Arabia is among our closest counterterrorism partners’ CIA Chief Brennan Says
- July 14,2016
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- SUSTG Team
Director of the CIA John Brennan said that Saudi Arabia is “among our closest counterterrorism partners” at an event at the Brookings Institution yesterday. Brennan pointed to the enemies that both the United States and Saudi Arabia share, including the Islamic State and al-Qaeda terrorists. “The Saudi government and leadership today has inherited a history whereby there […]
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Aging Population, Pension System May Pressure Saudi Fiscal Policy, S&P Says
- July 11,2016
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- SUSTG Team
Saudi Arabia’s population could put greater pressure on the Kingdom’s fiscal policy and increase government debt as it ages over the next three decades, ratings agency Standard & Poor’s has warned. Saudi Arabia’s population is disproportionately young now, with over 70% of all Saudis under 30 years old. But even the smaller percentage of the population […]
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Millions Worldwide Celebrate Eid Al-Fitr, End of the holy month of Ramadan
- July 7,2016
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- SUSTG Team
Millions of Muslims worldwide celebrated the festival at the end of the holy month of Ramadan on Wednesday as the three-day Eid al-Fitr festival began. Eid al-Fitr festival traditionally means family gatherings and the exchange of gifts and a feast after a month of fasting from dawn until dusk. Despite two deadly terrorist attacks in […]
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‘Very Good News’ for Saudi Real Estate as Kingdom Gets Boost in Transparency Ranking, Citing Chambers of Commerce
- June 30,2016
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- Lucien Zeigler
JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI) has increased Saudi Arabia’s standing to “Semi-Transparent” after recent efforts by the Chambers of Commerce in Saudi Arabia. “The formation of real estate committees in the Chambers of Commerce has highlighted the issue of low transparency in the market and encouraged more action […]
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First Ever Direct Crude to Chemicals Plant “One Step Closer” for Aramco, SABIC
- June 28,2016
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- SUSTG Team
State-owned Saudi oil giant Aramco and diversified chemicals company SABIC are “one step closer” to being the first ever to use crude oil directly, rather than using refined products such as naphtha or ethane gas as feedstock, to create chemicals, according to reports and announcements by the companies on Saudi Arabia’s stock exchange. The achievement […]
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Mohammed Bin Salman Departs U.S. for France, Sends Cable Thanking U.S. and Obama for Hospitality
- June 27,2016
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- SUSTG Team
Saudi Deputy Crown Prince Mohammed bin Salman sent a cable of thanks to US President Barack Obama on Sunday as he concluded his visit to the United States. “I am pleased as I am leaving your friendly country after the end of my official visit to extend to Your Excellency my deep thanks for the […]
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Deputy Crown Prince, Delegation Meet with Ban Ki Moon at the United Nations
- June 23,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman and an eight-member delegation arrived at the U.N. yesterday for meetings with the Secretary General, Ban Ki Moon. The Prince and his delegation reportedly discussed Mr. Ban’s decision to cite the Saudi-led military coalition in the Yemen conflict for violating the rights of children. According to the New York Times, Prince Mohammed […]
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MUST-READS
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Saudi Oil PolicyIf OPEC is dead, how is Saudi Arabia still calling the shots in the oil market?
“The US is going to be a major player, but the Saudis re-established their influence by engineering this price collapse,” Phil Flynn, an oil trader with the Price Group, told Quartz. “The Saudis want to stay the kingpin of the global oil market.”
- Bloomberg - Not Everyone Thinks Flood of Saudi Arabian Crude Is Bearish
- Al-Bawaba - Saudi Arabia has a 'solution' to the global surplus of oil
- Bloomberg - Saudi Prince Sees ‘Excellent’ Oil Market as Kingdom Meets Demand
- Reuters - Saudi high oil output based on demand, market 'excellent': Dep Oil Minister
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Tadawul OpeningAn impending bonanza: who will be investing the most in Saudi Arabia’s opened up stock market?
Saudi Arabia will have 4 per cent weight in the Morgan Stanley Capital International emerging market index with the opening of the stock market to foreign investors, added K Vinod Cartic, senior consultant, Business & Financial Services, Frost & Sullivan, a growth partnership firm.
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War in YemenAnalysis: Is there hope in Saudi operation ‘Restoring Hope’?
Operation Decisive Storm focused on achieving benchmarks in particular, such as denying Houthi and Saleh-backed forces the use of Yemen’s MiG-29 fighter jets, destroying missiles which could target Saudi territory or sea traffic as well as surface-to-air batteries that could target coalition aircraft, bombing major ammunition storerooms that had fallen into rebel hands, as well as targeting and destroying the Houthi command and control centres.
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Yemen: HouthisWho Are the Houthis?
The Iranian-backed Shia militia toppled Yemen's government and has sparked civil war. Here's how they came to power.
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Saudi-PakistanToward a Saudi-Pakistani Rift?
The Pakistani Parliament, even while stating its commitment to protect the territory of Saudi Arabia, recently adopted a resolution not to join the Saudi-led coalition fighting Houthi rebels in Yemen. Many Pakistanis are worn out by the Taliban insurgency at home and oppose intervention abroad, especially to fight an enemy whose name they are hearing for the first time and risk worsening relations with its backer, Iran.
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IsraelWhat’s next for Israel’s new Arab political party?
Many people in Israel don’t know the village of Iqrit exists. In fact, not much of it does exist anymore: If you follow a small, unmarked dirt path up a steep hill near the Israeli border with Lebanon, you’ll only find a modest church, a cemetery and impressive views.
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Jacob RezaianIran media details spy case against US reporter. Sign of a trial soon? (+video)
Iran’s conservative media, apparently drawing from interrogation transcripts and e-mails, is painting the broadest picture yet of espionage charges against Jason Rezaian, the Washington Post reporter who has spent nearly nine months imprisoned in Iran
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9/11 LawsuitsCan Saudi government evade suit by 9/11 families?
In dueling briefs filed Friday, the Kingdom of Saudi Arabia and the families of people killed in the attacks of September 11, 2001 made their last written arguments to U.S. District Judge George Daniels of Manhattan, who will decide later this year whether the families can bring claims against Saudi Arabia for allegedly helping al Qaeda operatives carry out the 9/11 attacks.
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DubaiAmid fears of more bubble trouble, who’d buy in Dubai?
"The region around us, with two billion people, they are all looking for an interesting hub where you can live, where you can invest, where it is safe, where it is prosperous, clean and progressive," he said.
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Authorized Use of Military ForceDoes president’s request to use force go far enough?
Experts disagreed Wednesday on whether President Obama's draft authorization for the use of military force goes too far, or doesn't go far enough.
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