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Recent stories from sustg

  • Vela-Bahri merger creates one of the world’s largest shipping firms
     

    Vela International Marine Limited, a subsidiary of Saudi Arabian Oil Company, signed a landmark merger agreement with the National Shipping Company of Saudi (Bahri), resulting in the creation of one of the world’s largest shipping companies.The signing of the agreement was held Sunday and attended by executive officials of both parties including Khalid A. Al-Falih, […]

     
  • Commentary: Saudi Arbitration Court in the UK?
     

    In a recent Financial Times article Caroline Binham and Helen Warrell reported that, “Saudi Arabia will lobby the UK government as early as November to set up a confidential court in London that would settle multimillion pound commercial disputes arising from the Middle Eastern kingdom. The Saudis hope that a London-based arbitration centre would help counter investor […]

     
  • What’s the foreign policy agenda for the next four years?
     

    Is it too early to talk about the foreign policy and national security agenda that will face the next president? No matter who wins on November 6, the feature that is going to dominate U.S. national security planning over the next four years is constraint. Even if we avoid going off the sequestration cliff, there […]

     
  • US Election Note: Middle East Policy after 2012
     

    The Middle East will be a significant challenge to US foreign policy-makers during the next administration – whether with regard to further transitions of the Arab Spring, Iran’s appetite for nuclear weapons, Israel’s posture towards Palestine and other Arab powers in its neighbourhood, or the rise of political Islam. Despite the US tilt to Asia, […]

     
  • A Conversation with Prince Turki Al-Faisal
     

    Few can be said to have been more influential in forging cooperation and building bridges in the relationship than Prince Turki Al-Faisal. He is currently Chairman of the King Faisal Center for Research and Islamic Studies and is one of the founders of the King Faisal Foundation, the namesake of which was his father. His […]

     
  • Saudi Arabia: Rising steel demand
     

    Steel producers in Saudi Arabia are set for a busy few years, with growth in the industry driven by rising demand due to state-backed investments and increasing activity in the private sector. However, even with additional capacity, the sector is working to bridge the supply gap. The Kingdom is already the largest steel producer in […]

     
  • Roads of Arabia at the Smithsonian’s Sackler in Washington
     

    In archaeology, Saudi Arabia has been something of a slow starter, but a Washington exhibition of more than 200 statues, funerary objects and other relics shows that the study of the region’s past has come of age. Saudi archaeology “really goes back only 40 years,” says Massumeh Farhad, chief curator and curator of Islamic art […]

     
  • Major natural gas find by Saudis. A shift ahead?
     

    Saudi Arabia has announced that they made a major new find in natural gas in the Red Sea. The Saudis are already ranked 5th in the world for their reserves of natural gas, but they are only ranked 9th in terms of production of the commodity. They account for about 3 percent of world natural gas production. Compared […]

     
  • Muslims begin hajj pilgrimage – photo gallery
     

    Hours before sunrise Thursday, thousands of Muslims from around the world stood in the dark on a rocky desert hill, preparing for prayers on the first day of the annual hajj pilgrimage, a central pillar of their faith.

     
  • Anne Habiby: Entrepreneurship and Job Creation in the Arab World
     

    In addition to featured speakers such as President Bill Clinton and Mr. Abdullah Alireza  the recent C3 Summit in New York City presented a number of compelling panel discussions addressing commercial and trade issues related to doing business in the MENA region. SUSTG has featured the remarks at this event of Abdullah Alireza (Global Economic […]

     

MUST-READS

  • Biden tells Netanyahu US would not take part in Israeli counter strike against Iran

    President Joe Biden has told Israeli Prime Minister Benjamin Netanyahu that the United States would not participate in any Israeli counter-offensive against Iran, U.S. officials said on Sunday.
    Iran launched hundreds of drones and missiles at Israel on Saturday night in response to a suspected Israeli attack on Iran's Syria consulate on April 1.
    In a statement issued late on Saturday following the attacks, Biden said he told Netanyahu that Israel had "demonstrated a remarkable capacity to defend against and defeat even unprecedented attacks."

  • World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

     Half of the world's 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank said in a report on Monday.
    The differential between per capita income growth in the poorest countries and the richest has widened over the past five years, according to the report.
    "For the first time, we see there is no convergence. They're getting poorer," Ayhan Kose, deputy chief economist for the World Bank and one of the report's authors, told Reuters.

  • Record debt costs mean climate spending could push nations to brink of insolvency

    Emerging countries will pay a record $400 billion to service external debt this year, and nearly four dozen cannot spend the money they need for climate adaptation and sustainable development without risking default in the next five years, according to a report led by Boston University released on the eve of the IMF/World Bank spring meetings.
    The report, opens new tab from the Debt Relief for Green and Inclusive Recovery Project (DRGR) found that 47 developing countries would hit external debt insolvency thresholds, as defined by the International Monetary Fund (IMF), in the next five years if they invested the necessary amounts to hit 2030 Agenda and Paris Agreement goals.

  • Why is Sudan still at war a year on?

    The army and RSF had been in a fragile partnership after toppling a civilian government in an October 2021 coup, a move that derailed a transition from the rule of Islamist autocrat Omar al-Bashir, who was ousted amid a popular uprising in 2019.
    The rivalry between the two sides burst into the open over an internationally backed plan that would have launched a new transition with civilian parties and was due to be sealed just before the war broke out.

  • United Airlines and other carriers canceled flights after Iran’s drone attack on Israel

    United Airlines canceled its flights from Newark to Tel Aviv on Saturday and Sunday after Iran launched a drone attack on Israel that forced surrounding countries in the Middle East to close their airspaces.

    Jordan, Israel, Lebanon, and Iraq all reopened their airspaces on Sunday after closing them, according to Al Jazeera. The closures came after Iran launched an air attack on Israel with more than 300 drones and missiles. The attack was in retaliation for a suspected Israeli airstrike on Damascus that killed 13 people.

  • US forces down missiles as Iran attacks Israel

    U.S. fighter jets and warships downed dozens of drones and ballistic missiles launched at Israel by Iran and its proxy groups around midnight Sunday morning local time. The U.S. forces were part of a multinational force that turned back a barrage of more than 300 armed drones and missiles, officials said. U.S. forces in the Middle East "intercepted dozens of missiles and [unmanned aerial vehicles] en route to Israel, launched from Iran, Iraq, Syria, and Yemen," Defense Secretary Lloyd Austin said in a statement, adding that the U.S. military remains "postured to protect U.S. troops and partners in the region, provide further support for Israel’s defense, and enhance regional stability."

  • 182 Male, Female Athletes Represent Saudi Arabia in Gulf Youth Games

    The Kingdom of Saudi Arabia is taking part in the inaugural Gulf Youth Games, hosted by the UAE from April 23 to May 2, 2024. Saudi Arabia will be represented by 149 male and female athletes competing in 21 different sports. The Saudi teams began arriving in the UAE today, Sunday, with the taekwondo team already in Dubai, consisting of 23 male and female players. They are set to kick off their participation in the tournament on Tuesday at the Zayed Sports Complex in Fujairah. The event will see over 3,500 male and female athletes, as well as administrative, technical, medical, and media delegations, players, and referees from the Gulf Cooperation Council countries participating in its first edition.

  • Tiger Woods calls PGA Tour meeting with Saudi fund boss ‘positive’

    The day after The Players Championship, the player directors and commissioner Jay Monahan met with Al-Rumayyan in the Bahamas, a gathering seen in many circles as a crucial step toward a possible deal between the Tour and PIF. “I don’t know if we’re closer [to a deal with PIF] but certainly we’re headed in the right direction,” Woods said Sunday at the Masters. “That was a very positive meeting and I think both sides came away from the meeting feeling positive.”

  • Al-Shehri targeting continued Saudi success

    Becoming an established, top-flight, coach is tough anywhere in the world, but especially so in Saudi Arabia. The country’s Pro League has very high standards, with a slew of ambitious teams tending to employ elite foreign coaches, obliging their local counterparts to raise their game in order to match them.

    Saudi native Saad Al-Shehri is one example of someone determined to do just that. Despite the significant challenges of gaining experience, realising his ambitions and keeping his sides competitive, the coach has made a lot of astute choices and has had consistent success along the way.

  • Saudi Arabia claims commanding victory over Hong Kong, shakes up standings

    The verdict was in, and the verdict was clear – Saudi Arabia outlasted Hong Kong by 55 runs to slingshot themselves to No. 2 in ACC Premier Cup’s Group A, and demote Hong Kong to No. 4 before its third bout against Nepal at 10 a.m. GST Monday.