Published: February 24, 2016

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Daily news on Saudi Arabian and regional developments provided by our partner, the Saudi-US Trade Group ( To keep up with “everything Saudi” be sure to subscribe to the SUSTG News Review through the Web site [Link]. Also check for additional related news reporting.

News, analysis, and more

Saudi Arabia: “We have not declared war on shale”
CBS News/AP | 2.24.2016
While Naimi rejected production cuts as politically unworkable, he endorsed a freeze on production at current levels if major oil-producing countries go along. …

Saudi Arabia to U.S. Oilmen: Cut Costs or Exit the Business
Bloomberg Business | Javier Blas and Joe Carroll | 2.24.2016
For the oil industry itself, the warning is a sign of more months — and perhaps years — of financial pain. …

What a Saudi Oil-Supply Freeze Would Really Mean for Markets
Bloomberg Business | Grant Smith | 2.24.2016
“Come summer, the production freeze will amount to a cut in Saudi crude exports,” said Olivier Jakob, managing director of consultant Petromatrix GmbH in Zug, …

Nigeria and Saudi Arabia Pledge to Cooperate on Oil, Terrorism
Newsweek | Conor Gaffey | 2.24.2016
Buhari met with Saudi King Salman bin Abdulaziz on Tuesday during a visit to the Gulf, in which he will also visit Qatar, a fellow …

Saudi Arabia Inflation Accelerates Most in More Than 3 Years
Bloomberg Business | Glen Carey | 2.23.2016
Inflation in Saudi Arabia accelerated the most in more than three years in January after government subsidy cuts drove up transportation and commodity prices. …

Saudi Aramco Close to Awarding $500 Million Shale Gas Contract
Morningstar | Kevin Baxter | 2.24.2016
The project is Saudi Arabia’s first unconventional gas project and Saudi Aramco has sunk billions of dollars into developing potential shale gas reserves. According to …

Saudi security forces kill terrorist suspect in village raid: agency
Reuters | Noah Browning and Ali Abdelatti | 2.24.2016
Saudi security forces on Tuesday killed a suspect wanted on terrorism charges during a raid on a village in the country’s oil-producing Eastern Province, the …

Saudi Arabia, Gulf allies raise Lebanon travel warning amid Iran row
Reuters | Noah Browning and Ali Abdelatti | 2.24.2016
Saudi Arabia and Bahrain warned their citizens on Tuesday against travel to Lebanon, citing safety concerns, and the United Arab Emirates said it was banning …

Saudi weighed down by petrochemical sector, Egypt sags
Reuters | Celine Aswad | 2.24.2016
The petrochemical sector was the main drag on Riyadh’s stock index in early trade on Wednesday after oil extended its decline, while Egypt’s benchmark retreated …

Saudi Arabia on track to produce helicopters
Al Arabiya English | Saudi Gazette | 2.24.2016
Sikorsky, a Lockheed Martin Company, signed on Tuesday an agreement with Taqnia Aeronautics to jointly explore helicopter production opportunities in Saudi Arabia, according to a …

Saudi Arabia Arrests Religious Policemen Who Attacked a Woman at a Mall
VICE News | Avi Asher-Schapiro and Reem Saad | 2.24.2016
Saudi Arabia arrested several agents of its Commission for the Promotion of Virtue and the Prevention of Vice on Tuesday after a video showing the …

10 Wondrous Birds Of Saudi Arabia
Destination KSA | Mohammed Mirza | 2.23.2016
Most of the birds in this list are endemic to Saudi Arabia and stay in the country year round. Here are some birds one can …

Eritrea Denies It Sent Troops for Saudi Arabia’s War in Yemen
Bloomberg | Samuel Gebre | 2.24.2016
Eritrea denied it sent soldiers to fight with a Saudi Arabia-led coalition in Yemen, accusing the United Nations of reporting flawed and “unsubstantiated” allegations against …





Regional and related topics

Obama announces plan for closing Guantanamo Bay prison
Politico | Austin Wright and Nick Glass | 2.24.2016
President Barack Obama announced his official proposal to close the prison at Guantánamo Bay on Tuesday morning, leading off with a vigorous condemnation of the …

The next big shift in the global oil market is underway, and it centers on India
Quartz | Melvin Blackman | 2.23.2016
India is set to surpass Japan as the world’s third-largest consumer of crude oil, behind the US and China. …

Everything you need to know about this week’s elections in Iran
Al-Monitor | Arash Karami | 2.24.2016
In Iran, major political power brokers align among fluid and sometimes blurred factions and groupings. Major political events often dictate the platform of these factions …

John Kerry says partition of Syria could be part of ‘plan B’ if peace talks fail
The Guardian | Patrick Wintour | 2.24.2016
John Kerry, the US secretary of state, has said he will move towards a plan B that could involve a partition of Syria if a …

US says Islamic State foreign fighter ranks drop to 25,000
Yahoo/AP | 2.24.2016
A top Obama administration official says the Islamic State group’s ranks of foreign fighters have dropped to about 25,000 from a peak of 35,000. …

What the Presidential Candidates Get Wrong About the Middle East
Foreign Policy | Kim Ghattas | 2.23.2016
John Kasich will likely never be the Republican nominee for president. There are many reasons for that, including the fact that he can’t get himself …

IS Briefly Takes Center of Libyan City, Beheads 12
ABC News/AP | Maggie Michael | 2.24.2016
Sabratha has become the latest Libyan power center for the local IS affiliate. Last week, U.S. airstrikes killed dozens of suspected militants in the city …

25 years later, Gulf War stills shapes tiny, oil-rich Kuwait
Associated Press | Hussain Al-Qatari and Jon Gambrell | 2.24.2016
Twenty-five years later, the Iraqi occupation and its aftermath still shapes life in this tiny emirate at the tip of the Persian Gulf, now challenged …

Al-Udeid: The good, the bad, and the very ugly
Air Force Times | Oriana Pawlyk | 2.24.2016
“This is a permanent base now, and some people still only view it as temporary.” …

Nuqat: Creative Education and Innovation in Kuwait
Arab Gulf States Institute in Washtingon | Samyah Alfoory | 2.24.2016
Nuqat is a Kuwaiti, non-profit design initiative started in 2009 by Wakim Zeidan, Sara Al Nafisi, Hussa Al Humaidhi, and Dana Al Hilal. …



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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.

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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 This initiative is part of SUSTG’s ongoing efforts to strengthen business, commercial and cultural ties throughout the United States.

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