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Reports Former Crown Prince Confined to Palace ‘Baseless’, Official Tells Reuters
- June 29,2017
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- SUSTG Team
A senior Saudi official on Thursday denied as “baseless” a New York Times report that Prince Mohammed bin Nayef has been confined to his palace in Jeddah and barred from traveling abroad, according to a Reuters report. The original report in the New York Times cited four current and former American officials and Saudis “close […]
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Crown Prince Mohammed’s Promotion, MSCI Announcement Jolts Saudi Stock Market to Big Gains
- June 22,2017
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- SUSTG Team
Saudi Arabia’s stock market soared for a second straight day following two big storylines that are giving investors confidence: the promotion of Prince Mohammed bin Salman to first-in-line to be King of Saudi Arabia, and news that the Kingdom may be considered for MSCI Emerging Market index inclusion as soon as 2019. The announcement of […]
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U.S. Senate Scrutinizes Precision-Guided Arms Package for Saudis
- June 8,2017
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- SUSTG Team
A proposed sale of $500 million worth of U.S. precision-guided missiles to Saudi Arabia is coming under growing scrutiny from Congress, according to reports, as a key vote looms in the U.S. senate today. Foreign Policy magazine reports that the planned sale of munitions would replenish the kingdom’s depleted stocks after two years of daily bombing […]
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President Trump, King Salman Speak Amid Qatar Diplomatic Fallout
- June 7,2017
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- SUSTG Team
U.S. President Donald Trump spoke by phone with Saudi Arabia’s King Salman amid a growing crisis between GCC states over allegations that Qatar is funding terrorism and extremist activities. Saudi Arabia, the UAE, Egypt and three other states have cut diplomatic ties with Qatar, threatening a socio-economic crisis for what Saudi Arabia’s leaders only recently […]
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Goldman Sachs Applies to Saudi CMA for Equities Trading License in Saudi Arabia
- June 2,2017
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- SUSTG Team
Goldman Sachs has applied to Saudi Arabia’s capital markets regulator for a license to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country, Reuters reports. The bank has been operating in Saudi Arabia since 2009 as an agent and underwriter, […]
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Flurry of Business Activity in Riyadh as SoftBank To Launch $100 billion Fund during President Trump’s Visit, One of Many Deals Slated for Busy Weekend
- May 19,2017
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- SUSTG Team
Japan’s richest man and Softbank CEO Masayoshi Son will travel to Saudi Arabia and announce the close of the first fundraising round for what will be the world’s biggest private equity fund, backed by Saudi Arabia’s sovereign wealth fund and Apple Inc., according to a Reuters report. The expected launch of the $100 billion Vision Fund […]
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New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
- May 18,2017
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]
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Saudi Defense Ministry’s Ideological Warfare Center Combats ISIS’ False Narrative
- May 9,2017
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- SUSTG Team
Saudi Arabia has established an Ideological Warfare Center (IWC) to combat the narrative put forth by extremist groups like ISIS and Al-Qaeda, and to combat extremism at its ideological roots. The IWC is affiliated with the Saudi Ministry of Defense, run by Deputy Crown Prince Mohammed bin Salman, and officially aims to “confront the roots of extremism […]
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In Interview, Deputy Crown Prince Mohammed bin Salman Discusses Economic Reforms, Regional Challenges
- May 3,2017
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman gave a wide-ranging interview with Saudi TV station MBC yesterday, discussing regional politics, the war in Yemen, the economy, Vision 2030, and Saudi Aramco’s planned IPO. The interview – given in Arabic – was widely broadcasted in the Kingdom and discussed on social media sites. It was his […]
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Is a Political Solution to the Yemen Conflict on the Horizon?
- May 1,2017
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- SUSTG Team
The Saudi-led coalition is “now looking for a political solution rather than a military operation to take Yemen’s Red Sea port of Hodeidah,” former US officials who work on Yemen told Al Monitor‘s Laura Rozen. The possible breakthrough could avoid a military escalation to take the Houthi-held strategic port, which would make the catastrophic food shortage […]
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YemenYemen militia keeps grip on capital despite deal
Shiite militiamen maintained a tight grip on Yemen's capital Thursday with fighters deployed around the presidential palace despite a deal to end what authorities described as an attempt to overthrow the government. President Abdrabuh Mansur Hadi's abducted chief of staff remained in the hands of the Huthi militiamen, who overran Sanaa in September after sweeping south from their stronghold in the northern highlands. Under a nine-point deal reached late on Wednesday, the militia pledged to withdraw from government buildings they seized this week during two days of violence that left at least 35 people dead and dozens wounded.
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YemenUS Military Ready If Needed to Evacuate US Embassy in Yemen
With the worsening security situation in Yemen’s capital of Sanaa, the U.S. military has moved two Navy amphibious ships into the Red Sea to assist with any potential evacuation of U.S. embassy personnel should the State Department order its personnel to leave the country, Pentagon officials said today.
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Saudi - YemenOpinion: Saudi Arabia’s Yemen dilemma
Riyadh’s balance of supporting opposing tribes and families through financial support and security assistance, which advanced its interests and ensured its security, collapsed with the deterioration of Yemeni President Saleh’s regime in 2011. The UN and the Gulf Cooperation Council’s (GCC) subsequent search for an effective leader to replace Saleh has been a mixed endeavor. While the U.S. has continued its counter-terrorism operations against AQAP, the Obama administration has left finding a political solution to its regional partners. With a few former political allies in the North aligning with the Muslim Brotherhood, Riyadh has engaged Abd Mansur Hadi, Saleh’s deputy, with the hope that the new Yemeni president could lead the state through this post-Saleh period of transition, dialogue, and potential constitutional reform.
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AQAP and YemenYemen = (Somalia + Libya) / Syria x Saudi Arabia + Iran
In fact, AQAP is proving so resilient it continues to publish the English-language online magazine Inspire which contains recipes on how to build bombs. The social media impact of Inspire must not be underestimated. It is the al-Qaeda English language handbook that has gotten into the hands of so many Islamic radical wannabees and is one of AQAP's principal tools of recruitment to this day. AQAP rivals ISIS in the volume of English-language videos and social media messages it releases.
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YemenYemen: Shia Houthis seize president’s chief of staff
The Houthis said they abducted him to prevent a UN-brokered deal between them and the presidency being broken.
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Saudi-YemenIs Yemen falling out of Saudi’s grasp?
Besides the traditional dangers that Saudi security has been facing across its border with Yemen for decades, such as weapon and drug smuggling and even infiltration and people smuggling, the sharp rise of the Houthis’ Ansar Allah militia is a new danger threatening southern regions of Saudi Arabia.
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YemenYemen car bomb kills dozens near Sanaa police academy
At least 35 people have been killed and 68 others injured by a car bomb blast outside a police academy in Yemen's capital, Sanaa, officials say.
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YemenYemen’s Houthi Takeover
Once touted as a relative success story among Arab uprisings, the internationally backed transition process in Yemen has unravelled in the wake of the September 21 Houthi takeover of Sana. Nominally there is still a political process in place, but events on the ground are moving in a different direction and the country appears poised for yet another round of upheaval, possibly more transformative than the events of 2011.
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Yemen2 bombers kill 26 including 16 students in Yemen
Two suicide car bombers rammed their vehicles into a Shiite rebels' checkpoint and a house south of the Yemeni capital Tuesday as a school bus was traveling nearby, killing at least 26 people including at least 16 primary school students, according to the Yemeni government, rebels and witnesses.
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YemenIranian support seen crucial for Yemen’s Houthis
Iran has supplied weapons, money and training to the Shi'ite Houthi militia that seized Yemen's capital in September, as Tehran steps up its regional power struggle with Saudi Arabia, Yemeni and Iranian officials say.
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