Daily news on Saudi Arabian and regional developments provided by our partner, the Saudi-US Trade Group (SUSTG.com). To keep up with “everything Saudi” be sure to subscribe to the SUSTG News Review through the Web site [Link]. Also check SUSTG.com/the-review for additional related news reporting.
SAUDI ARABIA
News, analysis, and more
POWER CONSUMPTION
Ramadan 2015: Muslims In Saudi Arabia Urged To Conserve Energy Amid Fears Of Power Outages
International Business Times | Sarah Berger | 7.2.2015
In recent years, Saudi Arabia has introduced new rules to curb its massive energy consumption. The rules require homes and businesses to install insulation and …
U.S.-SAUDI
Shell Chief says U.S. shale producers under pressure from Saudi Arabia
Reuters | Shivam Srivastava | 7.2.2015
OPEC’s decision, led by Saudi Arabia, to not cut oil production has put pressure on U.S. shale gas producers which in turn has put brakes …
SAUDI-U.S.
Perspective: Is Saudi Arabia Leaving The U.S. Behind For Russia?
OilPrice.com | Robert Berke | 7.2.2015
The news from the recent St. Petersburg Economic Forum, which took place from June 18 to 20, inspired a torrent of speculation on the future …
SAUDI – UAE
UAE’s unity with Saudi Arabia crucial as Kingdom embarks on emphatic agenda
The National | Theodore Karasik | 7.2.2015
Sheikh Tahnoon is one of the creative forces behind the UAE’s national security and economic strategy. Within the Al Nahyan elite, he is responsible for …
COUNTER TERRORISM
Failure to report terrorists a sin, says senior scholar
Arab News | 7.2.2015
Failing to report what one knows about the presence or plans of terrorists and extremists is a “grave sin” and makes the person who fails …
SECURITY
Saudi Arabia sentences 57 terrorist suspects in last 3 months
Global Post | Xinhua | 7.2.2015
The verdicts vary from capital punishment, fines, travel ban and imprisonment from six months to 20 years. …
SAUDI ARAMCO: SHIPPING
Saudi’s Bahri to buy five more oil tankers from Hyundai Heavy
Reuters | Tom Arnold | 7.2.2015
National Shipping Company of Saudi Arabia (Bahri) has signed a deal to buy a further five very large crude tankers from ship builder Hyundai Heavy …
TELECOM
Saudi government acquires stake in Virgin Mobile’s local operations
Gulf Business | Mary Sophia | 7.2.2015
Saudi Arabia-based Sanabil Investments has acquired a minority stake in Virgin Mobile Saudi Arabia, which is part-owned by British business mogul Richard Branson’s Virgin Group. …
EPC
Saudi Fund Buys $1.1 Billion Stake in Posco Engineering Unit
Bloomberg | Stephen Stapczynski | 7.2.2015
The Public Investment Fund of Saudi Arabia agreed to pay 1.24 trillion won ($1.1 billion) for a 38 percent stake in Posco’s engineering unit. …
RIYADH
Riyadh governor launches 20 entertainment projects
Construction Week Online | Neha Bhatia | 7.2.2015
The projects are a part of Riyadh Municipality’s efforts to promote greenery in the city, which in itself is part of a larger strategy for …
KAFD
Completion uncertainty over Saudi Arabia’s KAFD
Construction Week Online | Neha Bhatia | 7.2.2015
Saudi Arabia’s King Abdullah Financial District (KAFD), a smart city development worth $11.6bn, is yet to be assigned a definitive completion date, it has been …
AIRPORTS
Hochtief team awarded $1.4bn Saudi airport expansion
Global Construction Review | Joe Quirke | 7.2.2015
A consortium led by German construction company Hochtief has won a $1.4bn contract to upgrade and expand King Khaled International Airport in Riyadh, the capital …
SAUDI +
Regional and related topics
ABOUT THE SAUDI-US TRADE GROUP
The Saudi-US Trade Group (SUSTG) leverages the Internet, social media, digital media, major trade forums, policy events and special meetings to create a unique and powerful platform focused on matters critical to Saudi Arabia and to the U.S.-Saudi Arabia relationship.
A U.S. based, not-for-profit, business association, SUSTG works closely with the Committee for International Trade (CIT) within the Council of Saudi Chambers of Commerce and Industry as well as SUSTG’s corporate members and prestigious program partners.
US-Saudi Business Opportunities Forum – Los Angeles
SUSTG partners with respected American and Saudi institutions to implement delegations, forums, meetings and other special projects. SUSTG is an organizing sponsor along with the Saudi Committee for International Trade (CIT) and the U.S.-Saudi Arabian Business Council of the US-Saudi Business Opportunities Forum initiative. These Forums attracted over 1,100 American and Saudi business people to Chicago, IL in April 2010, Atlanta, GA in December 2011, and Los Angeles, CA in September 2013. The impressive agendas and speakers as well as presentation videos for each of these forums can be found at www.us-saudiforum.com. This initiative is part of SUSTG’s ongoing efforts to strengthen business, commercial and cultural ties throughout the United States.
SUSTG and its partner the Saudi-US Relations Information Service (SUSRIS) call on their extensive network of Saudi and American experts to produce the Focus KSA series of online discussions providing unparalleled insight and perspective on key economic, social and political issues involving Saudi Arabia.