Analysis

NDF

Kingdom’s National Development Fund Plans Near-Doubling of Funds to Saudi Businesses in 2020

• SUSTG Team
• |
• 5. 22. 2020

Saudi Arabia's National Development Fund (NDF) plans to provide an extra $5.9bn to Saudi businesses on top of the $6.8 it usually disperses annually, according to reports, as the Kingdom looks to weather the economic headwinds created by the global Coronavirus pandemic and lower oil prices.

• Ramadan 2020

  

  Ramadan Kareem from the SUSTG Team

  SUSTG Team  |  4. 23. 2020

  The SUSTG team wishes to express our warmest wishes on the occasion of the holy month of Ramadan.

• Oil Markets

  

  COVID-19-Induced Oil ‘Demand Destruction’: Jadwa Sees Saudi Crude Production at 9.4 mbpd Average in 2020

  SUSTG Team  |  4. 20. 2020

  With a bleak outlook for oil demand growth in 2020 by OPEC, and recent pledged cuts agreed to by the so-called OPEC+ group of producers last week, Saudi Arabia is set to produce about 2 million barrels per day less on average.

• Oil Markets

  

  Oil Continues Steep Decline; U.S. Crude Reaches 17-Year Low

  SUSTG Team  |  3. 18. 2020

  Oil prices fell for a third session on Wednesday on indices around the world, and U.S. crude futures tumbled to a 17-year low "as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus epidemic," according to Reuters.

• Saudi Aramco IPO

  

  Saudi Aramco reports 2019 results in ‘difficult macro environment’

  SUSTG Team  |  3. 16. 2020

  Saudi Aramco announced its full-year 2019 financial results, delivering "strong profits and dividends despite a lower price environment and challenging margins in refining and chemicals," the company said in a press release.

• COVID-19

  

  Saudi Arabia Postpones Red Sea Festival, Takes Other Precautions Against COVID-19

  SUSTG Team  |  3. 4. 2020

  Saudi Arabia is taking unprecedented steps to curb the spread of the Coronavius, or COVID-19, in the Kingdom, announcing that it would suspend the upcoming Red Sea Film Festival after announcing a suspension of the Umrah religious pilgrimage for its citizens and residents.

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  Saudi Arabia Continues with Cautious Path on Coronavirus; King Salman, Xi Jinping Speak by Phone

  SUSTG Team  |  2. 6. 2020

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  Saudi Arabia Enters Recession Now, Report from Capital Economics Says, but Non-Oil Economy Continues to Shine

  SUSTG Team  |  8. 2. 2023

  Saudi Arabia has entered a recession, a report from Capital Economics said, as oil production cuts designed to prop up prices hurt the Kingdom's bottom line - but the Kingdom's non-oil economy continued to grow at a robust pace.

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  Saudi Arabia’s Receipts from Oil Sales Abroad Down in May, Lowest in Over a Year – Report

  SUSTG Team  |  7. 25. 2023

  Saudi Arabia's leadership in OPEC+ with voluntary cuts to production has proven to be costly, sending its receipts from oil sales abroad down by a third, to its lowest in over a year, according to a report in Bloomberg, which cited the Kingdom's General Authority for Statistics (GASTAT).

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  Saudi Arabia Defends Oil Cuts with Russia, Vows to do ‘Whatever Necessary’ to Support Oil Markets

  SUSTG Team  |  7. 6. 2023

  Saudi Arabia’s energy minister Prince Abdulaziz bin Salman defended Riyadh and Moscow’s recent oil cut decisions on Wednesday, which caused only a small, short-term increase in the price of Brent crude as the market shrugged at the move.