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Recent stories from sustg
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The MENA region gets hotter as a global heat wave hits 3 continents, the Islamic New Year, Saudi Arabia outranks the US in expat survey and much more…
- July 21,2023
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- SUSTG Team
Episode 95! The hosts discuss some of the biggest storylines and topics on Saudi Arabia this week. First, Richard’s One Big Thing this week, the Islamic new year. Muslims around the world observe and celebrate the Islamic New Year, also called the Hijri New Year, which marks the beginning of a new lunar Hijri year. […]
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Non-Oil Business Activity in Saudi Arabia Surged in June 2023 as Tourism, Construction Sectors Lift Economy
- July 5,2023
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- SUSTG Team
Non-oil business activity in Saudi Arabia surged in June supported by strength in construction and tourism, a survey showed.
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Airbus, Saudi Company Scopa Group Agree to $6.7 Billion Helicopter Pact as Paris Air Show Kicks Off
- June 19,2023
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- SUSTG Team
Airbus SE has signed an investment agreement worth more than 25 billion riyals ($6.7 billion) to build military and civilian helicopters in Saudi Arabia with a local defense company called Scopa Group, Bloomberg reports.
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Saudi Center for Commercial Arbitration CEO Dr. Hamed Merah joins The 966, LIV Golf in DC and much more…
- June 2,2023
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- SUSTG Team
The 966 talks about the state of business dispute resolution in Saudi Arabia with the CEO of the Saudi Center for Commercial Arbitration, Dr. Hamed Merah, who joins from Riyadh. The 966 talks with Dr. Merah about the SCCA’s rise as a leading dispute resolution body in the region and increasingly, globally. As Saudi Arabia […]
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‘Salmani’ Architecture, VIA Riyadh opens, rainfall record shattered in Saudi Arabia and much more…
- May 19,2023
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- SUSTG Team
Episode 87! The hosts explore overlapping topics in Salmani architecture and an evolving Riyadh city under King Salman for decades. Kicking things off, Richard’s One Big Thing is the rise of Salmani Architecture – a term the hosts have come across in recent months that is important in understanding the current and new face of […]
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Saudi Arabia’s Red Sea Global Weighs Public Offering as Soon as 2026 – Report
- May 8,2023
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- SUSTG Team
Red Sea Global, the company behind a major tourism destination on Saudi Arabia’s Red Sea coast is considering a possible public market offering as soon as 2026, the CEO said in comments reported by Bloomberg.
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U.S. State of Arizona Blocks Saudi Company Fondomonte from Drilling 2 More Wells on State Land
- April 25,2023
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- SUSTG Team
A Saudi-owned company that farms alfalfa in the U.S. State of Arizona has been blocked from drilling two new wells in the drought-stricken state, according to local reports.
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STC Expands in Europe with Acquisition of Portfolio of Tower Assets in Europe
- April 20,2023
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- SUSTG Team
TAWAL, a unit of Saudi Telecom Company (stc), agreed to buy tower infrastructure worth 1.22 billion-euros ($1.34 billion) from United Group in its first foray into Europe’s telecoms market,” Reuters reports.
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Secretary Blinken, Saudi Foreign Minister Prince Faisal bin Farhan Al Saud Speak by Phone as Middle East Diplomacy Heats Up
- April 19,2023
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- SUSTG Team
U.S. Secretary of State Antony Blinken spoke with Foreign Minister Prince Faisal bin Farhan Al Saud by phone on Tuesday to talk about regional diplomatic issues, including Yemen, according to a statement by the State Department.
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US EIA: Non-OPEC Countries will Account for a Higher Percentage of Oil Production Gains this Year and Next
- April 12,2023
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- SUSTG Team
Non-OPEC countries will account for a higher percentage of oil production gains this year and next, the U.S. Energy Information Administration predicted on Tuesday – a reversal of the last two years.
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MUST-READS
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SASREFAramco to buy Shell’s stake in Saudi refining JV for $631 million
Saudi Aramco Shell Refinery Co (SASREF), based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day (bpd).
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Future Projects ForumSaudi Aramco partners with the Saudi Contractors Authority fostering collaboration at ‘Future Projects Forum’
More than 600 upcoming Saudi Arabia construction projects worth $130 billion (SR500 billion) were presented to approximately 1,500 contracting professionals at the Middle East’s first and largest contracting forum held in Riyadh recently.
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Saudi AramcoAramco Hype Meets Reality as Bonds Drop Despite Bumper Sale
The slump in Aramco bonds since its unprecedented debt sale this month makes one thing clear: you can’t take the Saudi out of Saudi Aramco.
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Saudi-IndiaSaudi Aramco in talks for 25 per cent of Reliance’s refining, petrochemical units: Report
India is the world's third largest consumer of crude oil after the US and China, with daily use topping 4 million barrels per day (bpd).
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Saudi AramcoAramco plans to buy Shell’s stake in Saudi refining JV: sources
Saudi Aramco plans to buy Royal Dutch Shell’s 50 percent stake in Saudi refining complex SASREF, a joint venture between the firms, two sources said on Wednesday.
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Saudi AramcoSaudi Aramco increases gasoline prices starting April 14
Riyadh roughly doubled domestic prices a year ago in an effort to boost energy efficiency, part of economic reforms aimed at weaning the world’s top crude exporter away from oil.
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Saudi-South KoreaSaudi Aramco buys $1.2 billion stake in South Korean refiner
The refinery complex in the western coastal city of Daesan, where Hyundai Oilbank’s major facilities are located, has a processing capacity of 650,000 barrels per day.
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Aramco $ BondAramco’s Bond-Sale Billions Make Saudi Stock Inflows Look Tiny
The $12 billion in bonds sold this week by the world’s most profitable company exceeds by more than three times net inflows from foreigners investing in the Saudi Arabian stock market, which has 203 traded securities.
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Aramco $ BondCommentary: Lessons learned in Saudi Aramco’s monster bond offering
In fact, the success of the bond could make an IPO more, not less, likely. In its 400-page prospectus, Aramco has gone maybe 75 percent of the way toward the kind of disclosure required in an IPO, which was always said to be one of the hurdles facing a market listing. The rest should be easy.
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Saudi AramcoInvestors Turn Lukewarm on Aramco After Oil Giant’s Bond Debut
Enthusiasm over one of the most oversubscribed debt deals ever is running out of steam in the first full day of trading. Risk premiums on Saudi Aramco’s $12 billion of bonds rose in New York on Wednesday, a day after investors put in more than $100 billion of orders for the offering. Spreads widened after tightening Tuesday in the hours immediately following the sale.
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