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French President Hollande in Riyadh for Talks on Regional Issues with GCC Leaders
- May 5,2015
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- SUSTG Team
French President François Hollande arrived in Riyadh for talks on regional issues in what a French diplomat told Reuters was an indication to the United States that the Saudi-French alliance was strong and getting stronger. According to Reuters, Hollande met Salman “for an hour after dinner at his personal palace on Monday, and the Saudi cabinet […]
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In Major Shakeup, Saudi Arabia’s King Salman Changes Line of Succession, Appoints New Ministers
- April 29,2015
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- SUSTG Team
***UPDATE: This post originally reported that Eng. Ali Al-Naimi was relieved of his post. Naimi is still Minister of Petroleum of Natural Resources, but is no longer Chairman of Saudi Aramco. *** Saudi Arabia’s King Salman issued a series of royal orders yesterday initiating a major shakeup in governance in Saudi Arabia, the SPA reports. […]
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Saudi Arabia Arrests 93 Suspected Members of Daesh, ‘Including at Least 65 Saudi Nationals’
- April 28,2015
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- SUSTG Team
Saudi Arabia has arrested 93 people suspected of belonging to the Sunni Muslim militant group Islamic State, including at least 65 Saudi nationals, according to a Reuters report this morning citing the SPA. The round-up comes as Saudi Arabia intensifies its efforts to crack down against extremism both inside the Kingdom and externally in neighboring […]
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Lockheed, Arabsat/KACST in Satellite Deal to Boost Media in Saudi Arabia and Middle East
- April 28,2015
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- SUSTG Team
Arabsat and King Abdulaziz City for Science and Technology (KACST) announced in a press release today contracts for Lockheed Martin to manufacture two A2100 communications satellites, in a bid to provide TV, internet, telephone and secure communications to customers in the Middle East. “The two satellites ordered by Arabsat will strengthen the Arabsat fleet to […]
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Saudi National Guard Troops Deploy to Najran Province on the Border with Yemen
- April 27,2015
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- SUSTG Team
In a bid to strengthen border security, Saudi Arabia has deployed National Guard (SANG) troops to the Najran Province on the border with Yemen, the SPA reports. Last week, a Saudi border guard was killed and two troops wounded by heavy gun and mortar fire in Najran. The report of the deployment comes amid an ever-evolving […]
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Strategic Pivot in Yemen Campaign as Saudi Announces Halt in Airstrikes
- April 22,2015
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- SUSTG Team
Saudi Arabia has announced a phase shift in its 27-day long airstrike campaign on Houthi positions in Yemen “at the request of Yemen’s President Hadi, the official SPA, SUSRIS and other outlets are reporting. But not long after the announcement, reports indicate that the battle continues on in Yemen. Saudi airstrikes continued following a rebel […]
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Saudi Arabia’s Stock Market: Opening Up the Tadawul to Qualified Foreign Investment
- April 20,2015
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- SUSTG Team
Last week the Capital Markets Authority (CMA) confirmed that the Saudi Arabia will open up the region’s largest, diverse and most mature capital market, the Tadawul, to qualified foreign institutional investors (QFIs) by June 15th, 2015. With a market capitalization at $528bn, investors are queueing up and appear “ready to accept the political and financial risks as they […]
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Saudi Arabia’s Stock Market to Open to Foreign Investment June 15th
- April 16,2015
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- SUSTG Team
Saudi Arabia will open its stock market to wider foreign investment on June 15th, 2015, according to a breaking news story in Reuters. A report yesterday in Bloomberg found that Saudi Arabia’s Capital Market Authority had not provided clarity about how new rules permitting foreign investment in the Tadawul will square with existing rules preventing foreign access. “Final […]
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Starting (or Investing In) an Online Business in MENA: Lessons Learned for Founders and Investors
- March 31,2015
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- Khaldoon Tabaza
In the rush to create the next big success in the online industry in MENA, it is useful to pause and ponder key lessons our nascent community can benefit from based on the successes (and failures) of founders and investors in developed markets, such as the US, and other emerging markets more advanced than ours, […]
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At Sharm El-Sheikh, Arab Leaders Agree on Joint Military Force to Address Shared Regional Challenges
- March 30,2015
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- SUSTG Team
Arab leaders have agreed in principle to “form a joint military force to address growing Arab challenges and threats” in a resolution following a 2-day summit of representative countries in Egypt, a move that bolsters cooperative efforts to stem the growth of extremism and instability in the Middle East. Leaders from Saudi Arabia, Egypt, Qatar, […]
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Middle East ArmsEastern Europe and the lucrative Middle East arms trade
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EntrepreneursNavigating the visa minefield and the lack of women: Silicon Valley lessons from a Middle East entrepreneur
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An unprecedented flow of weapons from Central and Eastern Europe is flooding the battlefields of the Middle East.
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TurkeyTurkey in no position to become EU member any time soon: Juncker
Turkey is in no position to become a European Union member any time soon and all negotiations for it to join will stop immediately if it reintroduces the death penalty, EU Commission President Jean-Claude Juncker said on Monday.
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Saudi Bond SaleGoldman, Deutsche Bank Said Among Saudi Bond Lead Managers
Saudi Arabia appointed six banks as co-lead managers on its first international bond sale as the country looks to plug a budget deficit caused by the drop in oil prices, according to people familiar with the matter.
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EntrepreneurshipSaudi Arabia to set up college to encourage entrepreneurs
Plans have been revealed to set up the Prince Mohammad bin Salman College of Business and Entrepreneurship in Saudi Arabia's King Abdullah Economic City (KAEC). Saudi Arabia has signed a cooperation deal with Babson College and Lockheed Martin to start the college, a statement said.
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Saudi-IranFeuding Friends Frustrate Saudi Efforts to Counter Iran
In its regional confrontation with Tehran, Saudi Arabia counts on the two fellow Sunni powers with the same heft as Shiite Iran—Egypt and Turkey.
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BrexitU.K. Voters Back ‘Brexit,’ Will Leave European Union
Britain has voted to leave the European Union in a historic referendum that forced the country's prime minister to step down, upended markets and set the stage for a messy untangling with far-reaching implications.
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Iran SanctionsU.S. Said to Rebuff EU Bid to Shield Banks on Iran Sanctions
European Union governments have hit a wall with the U.S. in attempts to shield banks and companies that do business with Iran from the threat of financial sanctions.
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