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Saudi Arabia Will Host a Formula One Race Next Year for the First Time
- November 6,2020
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- SUSTG Team
Saudi Arabia will host a Formula One race next year, a move aimed at boosting tourism, sports and entertainment in the Kingdom, according to reports.
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IMF Sees Contraction in 2021 for Middle East Economies, With Oil Prices in $40-$50 Range
- October 20,2020
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- SUSTG Team
The International Monetary Fund (IMF) downgraded its outlook for Middle East and Central Asian economic recovery, predicting a 4.1% contraction for the region as a whole, according to latest data released by the international organization.
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U.S. Again Tops Arms Exporters to the Middle East, Saudi Arabia, Report Says
- September 25,2020
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- SUSTG Team
A newly released report by the Center for International Policy finds the U.S. dominated arms and defense exports to the Middle East region between 2015-2019, accounting for nearly half of all deliveries of major weapons systems.
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Bechtel Taps Former U.S. Ambassador to Bahrain as New President for Europe, Middle East Region
- August 19,2020
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- SUSTG Team
U.S.-based construction giant Bechtel announced a new president for Europe and the Middle East, appointing former U.S. Ambassador to Bahrain Justin Siberell as president for the Europe and the Middle East region, the company said in a press release.
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U.S., Saudi-Chaired Body Created to Fight Terrorism Financing Sanctions Six
- July 16,2020
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- SUSTG Team
Members of the Terrorist Financing Targeting Center (TFTC), a 2017-created body co-chaired by the U.S. and Saudi Arabia to fight terrorist financing, jointly designated six targets affiliated with the Islamic State of Iraq and Syria (ISIS), according to the U.S. Treasury Department.
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Saudi Aramco to Seek $1.7 billion valuation with 1.5% Share Float; Cancels International Roadshow
- November 18,2019
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- SUSTG Team
Saudi Aramco is seeking a valuation of up to $1.7 trillion, which would become the world’s biggest IPO and confirm the company as the world’s most valuable. The valuation is below the initial $2 trillion sought by Saudi Arabia’s leadership. The Kingdom is hoping to raise $30 billion on the local Tadawul index by offering 1.5% of the […]
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2019 C3 U.S.-Arab Healthcare and Business Summit Set for Monday, September 23rd at the Union League Club in New York
- August 6,2019
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- SUSTG Team
The 8th annual C3 U.S.-Arab Healthcare and Business Summit is set to take place on Monday, September 23rd, 2019 at the Union League Club in New York City. Organized in cooperation with the U.S. State Department and the U.S. Chamber of Commerce, this year’s event takes place under the banner, “Fortifying the Globalization of Healthcare and […]
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Tensions Simmer in the Gulf as Kingdom Says it Wants to Avoid War but ‘Will Respond Firmly and Decisively to Any Threat’
- May 20,2019
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- SUSTG Team
Tensions simmered with Iran over the weekend as Saudi Arabia, the United States and allies made it clear war should be avoided at all costs but that they would respond to security threats and defend their interests if necessary. Following last week’s two attacks on key Saudi energy targets, which the Kingdom blames on Iran and […]
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King Salman Makes Day Trip to Bahrain, Meets with Bahraini King Hamad Al-Khalifa
- April 3,2019
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- SUSTG Team
Saudi Arabia’s King Salman arrived in Bahrain on Wednesday to discuss bilateral relations and regional developments, according to reports. The visit is the second foreign trip in as many weeks for King Salman, having visited Tunisia for an Arab League summit at the end of March. King Salman was welcomed to the country by the King of Bahrain, […]
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Saudi Arabia, Other Gulf Nations to Join JPMorgan Chase & Co.’s Emerging-Market Bond Indexes
- January 18,2019
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- SUSTG Team
Saudi Arabia and four other Gulf nations will join JPMorgan Chase & Co.’s emerging-market bond indexes this month, Bloomberg reports, “potentially paving the way for billions of dollars in inflows into the securities.” The debt offerings from Saudi Arabia, Qatar, the United Arab Emirates, Bahrain and Kuwait will represent about 11.8 percent of the EMBI Global […]
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MUST-READS
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Bahrain, Iran held ‘low-profile exchanges’ amid Iranian-Saudi détente | Amwaj.media
Speaking on condition of anonymity, a senior regional source asserted that “after the reopening of the embassies in Tehran and Riyadh, there will after a short period of time also likely be a normalization between Iran and Bahrain.” He added to Amwaj.media, “There is no serious [outstanding] issue between Iran and Bahrain.”
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Bahrain explores constructing LNG export facility
Bahrain aims to slash domestic natural gas consumption under a plan to decarbonize its economy and is exploring ways to export the fuel to international markets, the chairman of the kingdom's energy company said. The Gulf Arab state plans to build solar farms to power its homes and industries, replacing the gas now used, Nasser bin Hamad Al Khalifa, chairman of Bahrain's energy investment and development arm Nogaholding, told Reuters on Tuesday.
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Huge traffic delays as Saudi Arabia-Bahrain bridge hosts record crossings
There has been an unprecedented congestion on the causeway linking Saudi Arabia and Bahrain since the weekend. On Saturday, more than 136,498 passengers crossed the King Fahd causeway, the most recorded since the bridge linking the two kingdoms first opened in 1986.
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UAE, Egypt, Jordan, and Bahrain sign $2bn worth of industrial agreements
The meeting kicked off in Amman on Sunday in the presence of Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and the UAE’s special envoy for climate change, HE Ahmed Samir Saleh, Egyptian Minister of Industry and Trade of Egypt, Yousef Al Shamali, Jordanian Minister of Industry, Trade and Supply, and Abdulla Adel Fakhro, Bahraini Minister of Industry and Commerce.
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Public holidays in UAE, Saudi Arabia, Qatar, Oman, Bahrain and Kuwait in 2023
Public holidays in the UAE, Saudi Arabia and across the GCC are a mixture of religious observances and days national celebration and recognition. While public and private sectors in all countries offer holidays for occasions such as Eid, there are specific observances only recognised in certain countries. It means that keeping track of every country’s public holiday and dates of business can be complex.
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Russia chases Saudi Arabia, Bahrain, Oman visa-free entry: Diplomat
Russian officials are currently working on securing visa-free travel for Russian nationals travelling to Bahrain, Oman, Saudi Arabia and other countries, the country’s Deputy Foreign Minister Yevgeny Ivanov told state news agency TASS on Monday.
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Bahrain: The Tiny Island Playing a Big Role in the Middle East
Bahrain plays an important role when it comes to countering Iran and reshaping politics in the Middle East. WSJ’s Shelby Holliday traveled to the Arab kingdom to learn more about its role on the global stage.
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Saudi Arabia, Bahrain launch bilateral naval exercise
The “Bridge 23” drill includes forces from the Royal Saudi Navy, represented by the Eastern Fleet, and the Royal Bahraini Navy. It was launched in the presence of Royal Bahraini Navy Cmdr. Rear Adm. Mohammed Al-Assam and military attache at the Saudi Embassy to Bahrain Brig. Gen. Fahad Al-Thunayan, as well as a number of senior officers taking part in the exercise.
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Kuwait gets $100m back from Bahrain
The Public Prosecutor in Kuwait tweeted: "This step was an implementation of the ruling against the suspects Fahad Meziad Al-Rajaan, former director of Social Insurance Corporation, and one of the prominent suspects of corruption in Kuwait, along with his wife Muna Mohammad Al-Wazzan."
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Home of Khaleeji Hip Hop and R&B: Bahrain in the Gulf Music Scene
To Bahraini music producer Sarah Nabil, khaleeji hip hop and R&B are all about the grooves native to Arab cultural heritage and a language that is relatable.
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