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Recent stories from sustg
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Fire at Saudi Aramco Residence Complex Kills 10, Hundreds Injured; Cause of Fire Unknown
- August 31,2015
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- Lucien Zeigler
A fire broke out at a housing complex for Saudi Aramco workers in the eastern city of Khobar, killing 10 people and injuring hundreds, according to reports. The cause of the fire is not yet known, but the BBC reports that Saudi Aramco has begun an investigation into the cause. According to Reuters, Saudi Arabia’s […]
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King Salman’s Visit to United States Follows Years of U.S.-Saudi Bi-Lateral Diplomacy
- August 27,2015
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- SUSTG Team
Saudi Arabia’s King Salman is set to meet with President Obama on September 4, 2015, the first visit by a Saudi head of state since King Abdullah in September of 2010. This is the second time President Obama and King Salman will meet in person this year and follows a busy 2015 for bi-lateral meetings between the […]
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Sfakianakis on Bloomberg: How Much Longer Can Saudi Arabia’s Economy Hold Out Against Cheap Oil? – Video
- August 21,2015
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- SUSTG Team
With economists predicting a budget deficit of as much as 20 percent of GDP this year and the IMF forecasting the first Saudi current-account deficit in more than a decade, Saudi Arabia faces tough fiscal policy choices ahead as the price continues to stay low. Saudi finance expert and Ashmore Group Middle East Director John Sfakianakis spoke with Bloomberg […]
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Saudi-led coalition pounds key Yemen port as violence escalates on both sides of the border
- August 18,2015
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- SUSTG Team
Saudi-led coalition warplanes pounded a key supply city for the Houthi forces in Yemen as the Hadi-backed fighters continue to rely on recently introduced military equipment to make gains in the ongoing conflict. Warplanes hit the Houthi-controlled Red Sea port of Hodeida on Tuesday, destroying cranes and warehouses in the main entry point for aid supplies […]
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Saudi Drawdown on Reserves Continues, but Slows to Lowest in 8 months – Jadwa Chartbook
- August 12,2015
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- SUSTG Team
Saudi Arabia continued to drawdown on reserves in June, but at the lowest rate in 8 months, according to a recently released report by Jadwa Investment. Riyadh-based Jadwa found net withdrawals from Saudi government accounts fell to their lowest point in eight months, with $3 billion of net withdrawals in June while foreign reserves fell by $7.6 billion […]
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‘ISIS Offshoot’ Claims Responsibility for Terrorist Attack in Asir as Images Emerge of Aftermath
- August 7,2015
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- SUSTG Team
An alleged new branch of ISIS in Saudi Arabia has claimed responsibility for an attack that targeted a mosque used by police special forces in the kingdom’s southwest, according to latest reports. The suicide bomber attacked a mosque inside a local security force headquarters in Abha, the capital of Saudi Arabia’s south western province of Asir, […]
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Saudi Stock Market Faces Tough July: Value of Shares Traded Tumbles 25% but Market Seen As ‘Resilient’
- August 4,2015
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- SUSTG Team
The kingdom’s Tadawul All Share Index has retreated 4.2 percent since the end of June as value of shares traded for July decreased 25 percent over the previous month, according to reports. However, compared with the significant drop in Brent Crude oil of 21 percent in that period, the market has “shown its mettle” in what […]
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In Egypt, Deputy Crown Prince Mohammed Bin Salman Signs ‘Declaration of Cairo’ as Ties Strengthen
- July 31,2015
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman and Egypt’s President Sisi signed the “Declaration of Cairo,” a document said to “reinforce the strategic alliance between Egypt and Saudi Arabia,” according to reports. The pact aimed at boosting military and economic ties between the two Arab allies “stressed the need to exert all efforts to boost security […]
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Promising Breakthrough in MERS Vaccine as Infections Continue in Saudi Arabia
- July 29,2015
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- SUSTG Team
Two different animal studies yielded promising findings about a two-step vaccine strategy against the MERS-CoV virus, according to reports, as Saudi Arabia and South Korea continue to battle the disease. According to the Saudi Gazette and agencies, “vaccinated mice produced antibodies that neutralized MERS strains, according to a study from the US National Institute of […]
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Is SABIC Looking to Invest in U.S. Shale?
- July 27,2015
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- SUSTG Team
SABIC CEO Yousef al Benyan said the company is looking to expand its interests in U.S. shale gas through joint venture projects, according to a report in Bloomberg. SABIC has signed an agreement with Houston, Texas-based Enterprise Products Partners L.P. to get shale gas, according to the report, to be used in the United States or […]
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MUST-READS
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Qata-EgyptWhy should Qatar reconcile with Egypt?
Qatar’s backing of the Muslim Brotherhood also increases the perception among Egyptians that it is a foreign-backed organization, contributes to the intransigence of the Brotherhood leadership and delays essential political reconciliation.
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WomenMale colleagues? 47% Saudi women have no problem
About 47 percent of Saudi women say they have no problem in working with male colleagues, while 44 percent of Saudi men would not prevent their female relatives from working with male colleagues and customers, a recent survey conducted by Khadeeja bint Khuwailed Center has revealed.
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AfghanistanWhat’s the Plan? The NATO Coalition in Afghanistan
During my recent trip to Afghanistan, there was a constant theme throughout all of our meetings and briefings: disagreement with stated U.S. plans to remove all of its troops from theater by the end of 2016. While I fully expected to hear some apprehension voiced in certain circles, I was struck by the unanimity of this sentiment across the spectrum of our interactions.
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Oil SlumpWhat’s behind Saudi’s oil policy? Time for the conspiracy theorists to have their say
If Saudi Oil Minister Ali al Naimi (pictured below) wants to stop conspiracy theories spreading before a crucial OPEC meeting next week, it's too late.
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#BBCTrendingWhat will Saudis do when the oil runs out? Twitter hashtag explores the question
What will happen to Saudis and Kuwaitis when they run out of oil? An Arabic hashtag expressing that fear has now been used a million times.
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Saudi-Iraq BorderCan Saudi Arabia keep ISIS out?
We flew over the Arabian Desert to see the new, 600-mile long border fence that's protecting Saudi Arabia from ISIS. On the other side is the chaos of Iraq, where ISIS is waging a brutal war. The Saudis are using radar and infrared cameras to make sure it doesn't spill across the frontier.
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Arab SpringOpinion: Who are the winners and losers from the Arab Spring?
Islamic State is being beaten back in Iraq, President Assad is getting the upper hand in Syria, Egypt is under military control again, and Libya is in a state of complete chaos.
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AfghanistanWhat’s the Plan? The Afghan Government
Following an election dispute that took up the bulk of 2014, the newly inaugurated Afghan unity government led by President Ashraf Ghani and CEO Abdullah Abdullah now must engage in the process of building a government. The degree to which the two camps can avoid infighting and settle on appointments will determine Afghanistan’s prospects for near- and medium-term stability. Meanwhile, a longed for but tricky reform agenda is beginning to take shape. But will it over promise and under deliver?
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Global Oil MarketsAn Oil Price ‘Cold War’ With Saudi Arabia? Experts Disagree
It’s an oil-wrestling match – but it might only be as real as the WWE. Last week, Saudi Arabia slashed its crude oil prices for the second month in a row – and unlike the last discount, this was exclusively for the U.S. market. Saudi oil minister Ali Al-Naimi, the country's top energy official, attends a meeting Sept. 11 in Kuwait. Some experts declared it the start of a “cold war” with Saudi Arabia, as described by two University of Texas professors in an op-ed in the Dallas Morning News. Other analysts, however, contend that the Saudis are merely trying to defend against other exporters to the U.S.
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ISISHow Does ISIS Fund Its Reign of Terror?
So how can ISIS, cut off from the rest of the world by financial and trade sanctions, and under daily aerial and land bombardment by some of the richest countries in the world, afford to maintain a well-armed military and pay other bills?
- Al-Bawaba - Peshmerga official optimistic about advances on ISIL, calls for more help
- Daily Beast - ISIS Has 9,000 'Core Fighters.' Or Maybe 17,000. Or Possibly 30,000.
- Washington Post - In Iraq, Islamic State fighters seize Sunni tribesmen for resisting rule
- Informed Comment - Unlikely Cavalry: Iraq’s Sunni Tribes Split on ISIL, Pursue own Feuds
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