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In Saudi Arabia, Pompeo Seeks ‘Global Coalition’ On Iran; Dines at Nobu Popup with Crown Prince
- June 25,2019
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- SUSTG Team
Secretary of State Mike Pompeo visited Saudi Arabia on Monday in the first stop of a trip to the Gulf region to build a “global coalition” on Iran and express support for the security of Saudi Arabia. Pompeo held two separate meetings with King Salman and Crown Prince Mohammed bin Salman, photos show. Pompeo called the United States and […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 1: Madain Salih
- June 14,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. The blog noted that this list was, in fact, the seven runners up to […]
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Shawwal Crescent Sighted, Eid to be Celebrated Tuesday
- June 4,2019
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- SUSTG Team
The Saudi Royal Court said the Shawwal crescent moon was seen in Saudi Arabia on Monday, meaning the festival of Eid al-Fitr will officially begin on Tuesday. Celebrations and observances began across the Kingdom of Saudi Arabia today. Eid al-Fitr celebrations follow the sighting of the Shawwal crescent moon. It marks the end of the holy month of Ramadan and the fasting of […]
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Saudi Aramco Agrees to Buy 70% Stake in SABIC from Kingdom’s Public Investment Fund
- March 28,2019
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- SUSTG Team
Saudi Arabia’s national oil company Saudi Aramco has agreed to buy a 70% stake in Saudi Basic Industries Corporation (SABIC), the kingdom’s leading petrochemical firm, for $69.1 billion in a private transaction, SABIC said in a press release. The move continues Saudi Aramco’s plans to diversify away from oil to “generating more of its profits […]
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King Salman Announces $23 Billion for Four Entertainment Projects Including the ‘World’s Biggest Park’ in Riyadh
- March 19,2019
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- SUSTG Team
Saudi Arabia is planning to build the “world’s biggest park” as part of a $22.9bn project that aims to create large open green areas in Riyadh while creating thousands of new jobs, according to the Saudi Press Agency and other news outlets. The project consists of four entertainment projects in Riyadh, which are currently in the design phase, according […]
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Crown Prince Mohammed bin Salman Arrives in India for Next Stop of Asia Tour
- February 20,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in India for the second stop on a three-country tour of Asian nations as the Kingdom looks to boost relationships and trade opportunities in the East. India “rolled out the red carpet for the crown prince,” Reuters reports, amid simmering tensions with neighboring Pakistan following a militant attack in […]
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Private-Sector Program ‘Direction’ in Saudi Arabia Boosts Cross-Cultural Understanding, Dialogue
- February 1,2019
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- SUSTG Team
A private-sector program in Saudi Arabia is seeking to enhance relations between the Kingdom and nations around the world through delegations of Saudi youths in order to spread “a culture of moderation and respect for others” in line with the Kingdom’s Vision 2030. The program, called “Direction,” designs, executes and manages supportive programs for Saudi and Arab […]
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Saudi Arabia Sets Up New Company for NEOM Fully Owned by Kingdom’s PIF
- January 29,2019
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- SUSTG Team
Saudi Arabia has established a new company to proceed with the development of NEOM, the planned $500 billion mega-city to be built in the northwest of the Kingdom, according to reports. The company will be owned by the government’s Public Investment Fund, according to a Reuters report, which cited the Saudi Press Agency. The new legal status of […]
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Crown Prince Mohammed bin Salman Launches Project for First Nuclear Plant in Saudi Arabia
- November 6,2018
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- SUSTG Team
Saudi’s crown prince on Monday launched a project to build the first nuclear research reactor in the kingdom, Reuters reports, citing the Saudi Press Agency. The project is one of seven “cutting edge ventures” in the fields of renewable energy, atomic energy, water desalination, genetic medicine and aircraft design that were inaugurated by the crown […]
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Saudi Crown Prince Promises Justice for ‘Heinous Crime’ of Khashoggi Murder, Touts Reform Progress
- October 25,2018
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- SUSTG Team
Crown Prince Mohammed bin Salman took the stage yesterday at the Future Investment Initiative conference in Riyadh, making his first public comments since the murder of Saudi journalist Jamal Khashoggi in Istanbul grabbed the world’s attention. The Crown Prince did not shy away from the topic, and opened with addressing what he and the Saudi […]
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MUST-READS
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After helping MBS’s rise, Trump and Kushner benefit from Saudi funds
Retired military personnel are required under ethics rules to obtain approval to work for foreign governments like Saudi Arabia. But there’s no requirement for Trump, a former commander in chief, nor for former senior White House officials such as Kushner, to disclose if they have financial ties to foreign governments, according to Don Fox, former acting director of the Office of Government Ethics.
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Saudi MBS offers to build stadiums in Greece, Egypt if they join World Cup bid
The joint bid between the three friendly countries is in competition with a joint European bid by Spain, Portugal and Ukraine, and a joint South American bid by Argentina, Uruguay, Paraguay and Chile. The window for bids opened in June last year, and the decision on the tournament will be voted on by the 200-member FIFA congress in 2024.
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Oil Climbs Most Since November on Saudi Price Hike to Asia
The more-than-three dollar boost to West Texas Intermediate on Tuesday followed on the heels of Saudi Aramco increasing most of its official selling prices for shipments to Asia in March. Oil’s rally accelerated late in the session as Wall Street investors responded positively to Federal Reserve Chair Jerome Powell’s comments Tuesday.
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Search teams try to find Turkey and Syria quake survivors as death toll climbs
Rescue workers in Turkey and Syria pushed into a third day of recovery operations on Wednesday as the death toll from this week's massive earthquake reached a grim milestone. Teams of workers were still trying to find more survivors from the early Monday morning quake as the death toll surpassed 11,000, The Associated Press reported. By midday Wednesday, Turkey's government reported 8,500 deaths in the country from the quake. In Syria, the death toll had reached 1,200 in government-held areas, and at least 1,400 in rebel-controlled regions.
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Analysis: Stakes rise as Iran can fuel ‘several’ atom bombs
Iran has enough highly enriched uranium to build “several” nuclear weapons if it chooses, the United Nations’ top nuclear official is now warning. But diplomatic efforts aimed at again limiting its atomic program seem more unlikely than ever before as Tehran arms Russia in its war on Ukraine and as unrest shakes the Islamic Republic.
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Middle East KFC Operator Climbs in Landmark $1.8 Billion Listing
Americana Restaurants International Plc gained 13% in Abu Dhabi to 2.95 dirhams and rose 6.7% in Riyadh to 2.86 riyals on Monday. Saudi Arabia’s Public Investment Fund and Dubai businessman Mohamed Alabbar had sold 2.5 billion shares in Americana for 2.62 dirhams each, or 2.68 riyals.
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How Saudi Arabia Sees the World: MBS’ Vision of a New Nonaligned Movement
U.S. observers are right that Washington has made decisions irritating to the Saudis. But there is also a lack of understanding inside Washington about how Saudi Arabia formulates its economic and foreign policy. Put simply, Saudi Arabia, under the direction of MBS, is preparing for a global political economy that is markedly different from the one the Biden administration envisions.
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President Biden has “no plans” to meet Saudi crown prince MBS during G20, Jake Sullivan says
President Biden has "no plans" to meet with Saudi Crown Prince Mohammed bin Salman (MBS) during the G20 summit next month, national security adviser Jake Sullivan told CNN's "State of the Union" on Sunday.
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Commentary: Saudi power transition continues as MbS becomes PM
Saudi King Salman bin Abdulaziz Al Saud has appointed Crown Prince Mohammed bin Salman Al Saud (MbS) as prime minister, a post historically held by the ruling monarch. The move, which comes as part of a wider cabinet reshuffle, confirms the growing power of MbS amid the transfer of further responsibilities from the King to his son.
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Why It Matters That MBS Is Prime Minister of Saudi Arabia Now
The U.S. district judge in that case asked the Biden Administration to weigh in on whether MBS should be granted “sovereign immunity”—a concept, dating back to the Treaty of Westphalia in 1648, that, among other things, protects heads of state from being sued or tried in other countries. The Biden administration was given until Oct. 3—this Monday—to reply.
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