Recently, the Saudi capital, Riyadh, hosted a meeting of the Gulf Cooperation Council leaders. In the meeting, there were serious discussions about forging closer relations among the GCC member states. The GCC members were looking for political integration to counter the many challenges in the area. The meeting came at a time when all political, economic and intelligence observers were focusing their analyses on the GCC member states.

This week SUSRIS provided the six panel presentations from the “Gulf Cooperation Council at 31: Implications of Trends and Indications for GCC and US Interests,” a symposium presented n Washington, DC, on May 24th by the National Council on U.S.-Arab Relations. The half-day panel presentations touched on a wide range of topics and challenges on the minds of GCC and American leaders. We conclude this series with the transcript from the question and answer session moderated by Dr. John Duke Anthony, President of the National Council. The panelists included Ms. Molly Williamson, former senior official in the Departments of Commerce, Defense, State and Energy; Dr. Odeh Aburdene, President OAI Advisors and authority on international monetary issues; Ms. Randa Hudome, former Energy Department Associate Deputy Secretary; Mr. Joshua Yaphe, State Department Bureau of Intelligence and Research; Mr. Andrew Rabens, State Department Bureau of Near East Affairs; and Dr. Robert Sharp, Defense Department Near East and South Asia Center for Strategic Studies. SUSRIS thanks the NCUSAR for organizing timely and insightful sessions such as this to share the perspectives of knowledgeable officials and specialists.

The Gulf Cooperation Council Turns 31 – Part 6 – The GCC and the US in Defense

June 1, 2012

Today we present part six, the final presentation, from the “Gulf Cooperation Council at 31: Implications of Trends and Indications for GCC and US Interests,” a symposium presented last week in Washington, DC, by the National Council on U.S.-Arab Relations. The half-day panel presentations touched on a wide range of topics and challenges on the minds of GCC and American leaders.  Tackling the defense and security questions was Robert Sharp, an associate professor at the Defense Department’s Near East and South Asia (NESA) Center for Strategic Studies. Professor Sharp examined the implications of the so-called Arab Spring and the January 2012 U.S. “Defense Pivot” for developments in the Gulf.  He offered his perspective on steps the GCC should consider in an effort to deal with Iran and promote regional stability.

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News – 2012.06.01

June 1, 2012

SUSRIS Daily News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC/

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The Gulf Cooperation Council Turns 31 – Part 5 – Engaging Youth

May 31, 2012

In this presentation we learned about the youth engagement initiatives and young leader outreach efforts at the U.S. State Department from Mr. Andrew Rabens, Special Advisor for Youth Engagement in the Bureau of Near East Affairs (Middle East and North Africa). He talked about the current environment — demographics and unemployment issues — and the Department’s tools to reach youth in the region to affect these challenges.

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The Gulf Cooperation Council Turns 31 – Part 4 – A Question of Union

May 31, 2012

At the GCC summit a little less than two weeks ago, as you may have read in the newspapers, there was an announcement that they may at some point explore the idea this year of a union. It’s not clear quite what that means. The idea that gets tossed around is some sort of a confederation that would involve greater integration than currently exists in the GCC.

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Symposium Reviews The Gulf Cooperation Council as it Turns 31 – Part 3 – Energy

May 30, 2012

I’d like to examine whether or not the GCC has a comprehensive energy policy, not just in the traditional sense of the word for traditional sources of energy. I’d really like to focus on something that is not highlighted regularly which is a renewable energy policy, that is certainly picking up in the GCC countries.

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Symposium Reviews The Gulf Cooperation Council as it Turns 31 (Part 2 – Economics)

May 29, 2012

What I’m going to do is focus on economic and financial aspect of the GCC as it relates to the global economy and in particular to the U.S. economy. First, when we look at the GCC, it possesses 40 percent of the world’s oil proven reserves and 25 percent of the gas reserves. At the moment, the GCC is producing nearly 16.5 million barrels, which accounts for 20 percent of the total worldwide production of oil. In 2011, the GCC exports reached $538 billion. In 2012, they could range from $530 billion to as high as $570 billion. In 2011, these countries accumulated over $350 million in surpluses and their foreign exchange holdings by the end of 2011 reached $2.3 trillion.

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Symposium Reviews The Gulf Cooperation Council as it Turns 31 (Part 1)

May 28, 2012

There was also an observance of the GCC’s milestone in Washington last week as the National Council on US-Arab Relations (NCUSAR) assembled a distinguished panel to discuss the “Implications of Trends and Indications for GCC and US Interests.” The panel included: Dr. John Duke Anthony (moderator), President, National Council on US-Arab Relations; Ms. Molly Williamson, former senior official in the Departments of Commerce, Defense, State and Energy; Dr. Odeh Aburdene, President OAI Advisors and authority on international monetary issues; Ms. Randa Hudome, former Energy Department Associate Deputy Secretary; Mr. Joshua Yaphe, State Department Bureau of Intelligence and Research; Mr. Andrew Rabens, State Department Bureau of Near East Affairs; and Dr. Robert Sharp, Defense Department Near East and South Asia Center for Strategic Studies.

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Saudi Arabia’s Energy Crisis – Lebling

May 28, 2012

The good news for Saudi Arabia is that its economy is booming. The bad news for us – and for the Saudis as well – is that the Kingdom is consuming more and more of its precious petroleum resources, and within a decade may have to begin cutting back on its oil exports to the rest of the world, so says a report by Chatham House, reviewed by Robert Lebling.

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The Gulf Military Balance in 2012 – Cordesman

May 21, 2012

In the continuing effort to provide updated special coverage of The Challenge of Iran in 2012, today SUSRIS adds to its multitude of resources the comprehensive CSIS report from Dr. Anthony Cordesman, Arleigh A. Burke Chair in Strategy at the Center for Strategic and International Studies, “The Gulf Military Balance in 2012.” The Gulf States are grappling with ways to check the aspirations of Iran to expand its influence in the region. As we have documented in these pages, one such way is consideration of developing a single entity, or union, among the six GCC states. The military challenge posed by Iran, especially as it is believed to be seeking nuclear weapons, is a challenge shared by not only the GCC states but also their western allies.

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Saudi Pioneers and Mega Achievements

May 21, 2012

On Tuesday May 8, I saw a short press release from the Swedish Embassy stating that His Majesty King Carl XVI Gustaf of Sweden awarded a young Saudi lady the insignia of Member First Class of the Royal Order of the Polar Star. She is Lubna Suliman Al-Olayan. After reading the press release, I remembered her father Suliman Al-Olayan, who 23 years ago received the same insignia. Suliman was one of the early hard working Saudi pioneers whose contributions to Saudi development made him a well known figure in the Kingdom and he became a Wall Street tycoon. He was the contractor for the Trans-Arabian Pipeline, a project in the 1950s considered a world wonder. With his project, he introduced many other things like welfare of the workers and their insurance. His daughter Lubna followed his footsteps and she even enhanced the relations between Saudi Arabia and other countries. Now, she is the CEO of the Olayan Financing Company, a multibillion-dollar enterprise.

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Fight Like a Girl: Saudi Women Tackle Everest to Advance Breast Cancer Awareness

May 18, 2012

To the ten Saudi women attempting a punishing ascent to a major point on the world’s highest peak, the dangers of reaching the Mount Everest base camp are no match for their cause. As a part of an ever-growing effort in Saudi Arabia, the campaign, “A Woman’s Journey: Destination Mount Everest,” intends to raise awareness of breast cancer among Saudi Arabian women to an altitude of over 17,000 feet on the slope of the 29,029 feet (8,848 m) giant. Headed by Zahra Breast Cancer Association founder Princess Reema Bint Bandar Bin Sultan Al Saud, the climb is one of the association’s many efforts throughout the last few years to raise cancer awareness among Saudi women. In a groundbreaking efforts in the fight against breast cancer in the Kingdom, the “Pink Ribbon” campaign in October 2010 set the world record for largest human awareness ribbon with over 10,000 participants.

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Effat University on the Forefront of Change in Saudi Arabia – Coleman

May 17, 2012

This past weekend, I had the honor of being the commencement speaker at Effat University, a private university for women in Jeddah, Saudi Arabia. It was hardly the staid affair I expected. Colorful klieg lights lit the way of arriving parents and dignitaries; forget “Pomp and Circumstance”—the more than two hundred graduates and faculty paraded in to a pulsating techno beat, while stage fog swirled to dramatic effect. The array of high-heeled shoes under the graduates’ sky-blue abayas was breathtaking—everything from six inch high, hot-pink platform wedges, to cowboy boots, to the latest snakeskin and metallic Manolo Blahniks.

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Baseball and Saudi Economic Policy – Wilson

May 17, 2012

Americans never hesitate to pitch a good sports metaphor to help tell a story. In the case of the new “crop” of leaders managing the levers of Saudi Arabia’s economic direction we can share with you today the imagery of a team “on the upswing” just like SUSTG President Richard Wilson’s hometown favorite Major League Baseball team the Washington Nationals hopes to be this season. Saudi Arabia was already faring very well in a long season of economic progress, having weathered the global financial crisis much better than most of the field, and having a sound team strategy in place. Last December King Abdullah called up some stellar prospects to step into the lineup for the next innings. In this original SUSTG article, Wilson walks you through the new lineup: Dr. Muhammed Al-Jasser, Minister of Economy and Planning; Dr. Tawfiq al-Rabiah, Minister of Commerce and Industry; and Dr. Fahad Al-Mubarak, Governor, Saudi Arabian Monetary Agency (SAMA).

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Global Markets Drag on TASI

May 15, 2012

The TASI has dipped over the past month, primarily due to global factors. First quarter results of listed companies point to ongoing strength in the domestic economy, with profits 14.9 percent higher than in the first quarter of 2011. Nonetheless, the TASI is down by 10 percent since the end of March, mirroring falls on global markets, which have been unnerved by weaker economic data and a heightening political backlash against austerity in the Eurozone. We had anticipated that the rapid gains in share prices over the first quarter would not be sustained and maintain our end-year projection for the T ASI of 8,050.

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Saudi Arabia Inflation Report – April 2012 – Jadwa

May 14, 2012

This week Jadwa Investment released its monthly Inflation Report this week which noted the April year-on-year inflation dropped to 5.3 percent in April, down from 5.4 percent in March. The Jadwa report provides analysis of inflation stats and trends.

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Saudi Perspective on the Middle East: Gulf Union Context – Obaid

May 12, 2012

This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Perspective on the Middle East: The View from Riyadh” at the Belfer Center for Science and International Affairs. Obaid told SUSRIS the briefing was provided to bring context to expected announcements on the question of Gulf union at the May 14, 2012 meeting of GCC leaders in Riyadh.

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