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Fears of an ‘All Out War’ Grow in Neighboring Yemen as Rival Factions Look to Iran and Saudi Arabia for Help
- March 24,2015
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- SUSTG Team
Tensions are escalating in Yemen as Iranian-backed Houthi militias and forces loyal to ousted President Abd-Rabbu Mansour Hadi, backed by Saudi Arabia, are “squaring off for battle after months of skirmishes,” Reuters reports. “With President Abd-Rabbu Mansour Hadi seeking a comeback from the port city of Aden while the Shi’ite Houthi movement controls the capital Sanaa, […]
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As GCC Ministers Meet in Riyadh to Discuss Yemen, Houthis Conduct Military Drill on Saudi Border
- March 13,2015
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- SUSTG Team
Not long after it was reported that GCC Ministers had invited representatives from the Houthi militia to Riyadh to participate in talks, the Houthis conducted a military exercise involving “thousands of Shi’ite Muslim Houthi fighters” near Saudi Arabia’s border, according to reports. “The drill in the al-Buqa region in the Houthis’ home province of Saada included heavy […]
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In Speech, King Salman Delivers His Vision for Saudi Arabia
- March 11,2015
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- SUSTG Team
Saudi Arabia’s King Salman gave a speech highlighting his vision for Saudi Arabia and discussed key subjects such as energy, job creation, and stability. King Salman said Saudi Arabia was trying to minimize the impact of plunging oil prices on its economy, according to Arab News. “The low prices witnessed by the oil market are having an […]
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‘Subtle Change of Energy Policymaker Line-Up’ Gives King Salman Firm Hand on Energy Policy, Report Says
- March 3,2015
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- SUSTG Team
When Saudi Arabia’s King Salman announced a shake-up of leadership shortly after ascending to the throne in January, one of the Kingdom’s most powerful positions – Minister of Petroleum and Natural Resources – was left unchanged. Ali Al Naimi has been Minister for 20 years, and was CEO and President of Saudi Aramco for 12 years before […]
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Sisi in Saudi Arabia as Kingdom Strengthens Diplomatic, Security Ties with Egypt
- March 2,2015
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- SUSTG Team
Egypt’s President Abdel Fatteh el Sisi visited Saudi Arabia for talks with King Salman over the weekend as cooperation between the Kingdom of Saudi Arabia and Egypt on diplomatic and security challenges reaches a high point. Sisi, whose rise to power was a defeat for the Muslim Brotherhood that has long been at odds with Saudi […]
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Despite ‘Kafalah’ Lending Programs for SMEs, Saudi Banks Leave Startup Entrepreneurs Without Needed Funding
- February 27,2015
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- SUSTG Team
Saudi banks are making it difficult for startups get off the ground by decreasing loans to new entrepreneurs, according to a Bloomberg report, despite the fact that these loans are backed by a government SME Loan Guarantee Program. Deema Almashabi writes that entrepreneurs cannot count on receiving necessary startup capital because “banks are not lending to any startups […]
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Tadawul Up 11.2 Percent This Year, Funds Seen as Increasingly Bullish on Saudi Arabian Equities
- February 26,2015
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- SUSTG Team
After a rough second half of 2014, Saudi Arabia’s stock market, the Tadawul or TASI, has begun a bounce-back. The bourse is up 11.2 percent this year, and a recent Reuters survey of regional asset managers found bullishness in those polled about Saudi Arabia equities and the Tadawul. The current gains in Riyadh are the […]
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King Salman Restructures Government with Major Changes to Ministers and Other Government Bodies
- January 30,2015
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- SUSTG Team
Yesterday, Saudi Arabia’s new King Salman issued a series of royal decrees that restructure the government ministers, “eliminating numerous government bodies, establishing new government bodies and merging the Ministry of Higher Education and the Ministry of Education and much more,” SUSRIS reports. Of the 8 Minsters that were appointed by King Abdullah less than two months ago, […]
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Royal Succession Planning at Saudi Inc.
- January 26,2015
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- Matthew Spivack
Following the death of Saudi Arabia’s King Abdullah, it is important for companies to be prepared to answer questions from the corporate office regarding how royal succession impacts Saudi Arabia’s trajectory. New Saudi King Salman’s ascension to the throne, and the appointment of Crown Prince Muqrin, represents continuity from King Abdullah’s reign. Salman is unlikely […]
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The Death of King Abdullah and the Future of Saudi Arabia: 5 Storylines to Watch This Week
- January 26,2015
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- Lucien Zeigler
The passing of Saudi Arabia’s King Abdullah in the early morning on Friday, January 23rd is a major event in the Kingdom’s history. The impact of the King’s reign on current and future generations will be lasting, and his death has drawn global attention to the Kingdom as the country moves forward with new leadership. […]
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MUST-READS
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Saudi Oil PolicySaudis Cut European Oil Prices, Increase Most U.S. Prices
Saudi Arabia cut oil prices to Europe and raised prices in the U.S. and Asia by less than expected as it continued its long-running battle to protect market share from resurgent Iranian exports.
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Refugee Crisis: EUEurope’s murky deal with Turkey
The problem, says Marc Pierini of Carnegie Europe, a Brussels think-tank, is that the issues of visa liberalisation, EU accession and immigration should not have been mixed up in the first place.
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Refugee Crisis: EUEurope’s murky deal with Turkey
The number of refugees coming to Europe has indeed dropped (see chart). Yet the agreement is looking more and more murky.
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Refugee Crisis: EUEuropean migrant crisis: Capsized boat horror caught on camera
The deadly capsizing of a migrant boat in the Mediterranean has been caught on camera by the Italian navy as it rescued 562 people.
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International Bond OfferingSaudi Arabia’s Late Arrival to Eurobond Party Comes With a Cost
When the kingdom invited banks last week to pitch to underwrite a bond issue, it joined the back of the line behind other Middle Eastern companies and states that have already raised $15 billion this year.
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EntrepreneursNot Just Tech: Entrepreneurship in the Middle East
For greater impact from a U.S. policy perspective, the primary focus of entrepreneurship policies should be in promoting traditional small and medium-sized enterprises (SMEs), not necessarily high-tech ones.
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IranFor European banks, U.S. assurances on Iran come with asterisks
The United States has a simple answer for executives of European banks scratching their heads over whether it is now legal for them to do business with Iran: Just ask.
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SyriaU.S., Russia stalemate on Syria frustrates European powers
One hundred years ago on Monday, Britain and France signed a secret agreement carving out “spheres of influence” that ultimately created the modern Middle East. Yet no one was celebrating the anniversary as Secretary of State John Kerry and his counterparts from Europe, the Arab states and Iran began gathering in Vienna for the latest international effort to end the civil war in Syria.
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TurkeyErdogan reaffirms EU membership as Turkey’s ‘strategic goal’
Membership of the European Union remains Turkey's strategic goal and a deal to liberalize visas for Turks visiting the bloc should accelerate the accession process, President Tayyip Erdogan said on Monday.
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Europe and IslamWhen Europe Loved Islam
But a look back at the early 20th century — primarily the period after the first wave of Muslim immigration to Europe in the wake of World War I — shows that not so long ago Western Europe and Islam had a very different relationship, one characterized by curiosity on the part of citizens and almost a sort of favoritism on the part of governments.
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