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Recent stories from sustg
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Oil Prices Near 8-Year Highs as Russian Invasion of Ukraine Roils Markets
- February 23,2022
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- SUSTG Team
Oil prices reached 8-year highs, approaching $100 a barrel on the Brent crude index, as Russia’s Vladamir Putin ordered troops to invade neighboring Ukraine.
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Saudi Moves Further into FinTech Space with PIF Backing of New Digital Bank Called D360
- February 16,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is investing in the creation of a new digital bank being established in the kingdom with a capital of 1.65 billion riyals ($440 million), according to a report from Bloomberg.
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Dazzling Finish to Saudi International as Harold Varner III Sinks Near 100-Foot Eagle Putt to Win
- February 7,2022
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- SUSTG Team
American Harold Varner III made a fantastic eagle putt on the final hole to hold off left-handed Bubba Watson and claim a one-stroke victory at the Saudi International on Sunday.
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Saudi Arabia’s Natural Gas Production Soars
- January 26,2022
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- SUSTG Team
Saudi Arabia is starting to see significant growth in its natural gas production after major investments in the sector to increase output. Saudi Arabia’s dry natural gas production reached an average of 11 billion cubic feet per day (Bcf/d) for the first time in 2020, a 30% increase from 2010, according to the U.S. EIA.
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President Biden Says Administration Considering Re-Designating Yemen’s Houthis as a Terrorist Group
- January 20,2022
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- SUSTG Team
U.S. President Joe Biden said on Wednesday his administration is considering re-designating Yemen’s Houthi movement as an international terrorist organization following persistent drone attacks on civilians in Saudi Arabia and the UAE. His comment at a press conference came shortly after the group claimed an attack by the group that killed three people at Abu Dhabi airport […]
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White House Says it Welcomes OPEC+ Decision to Stick to Planned Output Increase
- January 5,2022
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- SUSTG Team
The White House on Tuesday welcomed a decision the OPEC+ group of oil producers led by Saudi Arabia to stick with their plans to raise crude production, and touted “close” coordination with Saudi Arabia and the United Arab Emirates, according to Reuters.
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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
- December 21,2021
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- SUSTG Team
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej.
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It’s Official: Saudi Arabia Pitches Riyadh for 2030 World’s Fair
- December 16,2021
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- SUSTG Team
Saudi Arabia has officially submitted a bid to host Expo 2030 in Riyadh, with the Royal Commission for Riyadh City (RCRC) CEO Fahd Al-Rasheed submitting the Kingdom’s bid while addressing a virtual gathering of 170 member countries assembled to kickstart the five-stage bidding process that will conclude with voting in November 2023.
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Saudi Economy on Track for ‘Very Strong Level of Growth This Year,’ with 2022 ‘Critical’ for Vision 2030 — Jadwa Investment
- November 30,2021
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- SUSTG Team
The Saudi economy is “on-track to record a very strong level of growth this year, and we expect this to continue into next year…[with] the Kingdom’s economy growing by 7 percent year-on-year in 2022 as a result of sizably higher oil sector growth and robust levels of non-oil growth,” Jadwa Investment said in the Riyadh-based bank’s […]
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With Pandemic’s Damage in the Rear View for Saudi Arabia, Consumers Up Spending; Non-Oil Economy Recovers
- November 24,2021
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- SUSTG Team
With Saudi Arabia’s success against the pandemic becoming the envy of countries around the world, the Kingdom’s economy is roaring back to life on the back of high oil prices and consumer confidence.
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MUST-READS
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At Center of Taliban Deal, a U.S. Envoy Who Made It Personal
It seemed a thankless and impossible assignment: negotiating a deal with the Taliban that offers the United States an exit from its longest war. But Zalmay Khalilzad, the Afghan-born American envoy and architect of the deal, drew on everything he had to pull it off: broad autonomy from his bosses in Washington, nearly four decades of experience in U.S. academia, government and diplomacy, and a lifetime of dealing with tumultuous Afghan politics.
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As Turkey Asks for U.S. Help, Trump Befriends Its Old Enemy
Greece has emerged as key to American plans to counter the influence of China and Russia in the Eastern Mediterranean as countries jostle for energy resources and infrastructure.
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U.S. Maintains Pressure on Iran, Stalling Diplomacy While Expecting Attacks
Nearly two months after the death of Iran’s most important general, the Trump administration insists its “maximum pressure” campaign is working. Many allies are skeptical.
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Ethiopia asks U.S. to postpone final talks on Blue Nile dam
Ethiopia has asked the United States to postpone what was expected to be the final round of talks on the giant Blue Nile hydropower dam, it said on Wednesday, delaying the potential resolution of a dispute that sparked a years-long diplomatic crisis.
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U.S. Forces Return to Saudi Arabia to Deter Attacks by Iran
Here in a base of tents in the desert about 60 miles southeast of Riyadh, some 2,500 U.S. military personnel are launching F-15 fighter jets in soaring arcs overhead and manning Patriot missile batteries in shifts. Or they play chess and video games to pass the hours, with an NFL-themed video game splashed on a flat-screen TV inside a recreation tent.
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Donors, aid groups planning to suspend Yemen aid to Houthi areas: U.S. official
Donors and aid groups are planning to suspend humanitarian aid to areas of Yemen controlled by the Houthis in the coming months if the group does not stop hindering the delivery of assistance, a senior U.S. State Department official said on Tuesday.
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FIFA, NFL Ask U.S. to Keep Saudi Arabia on Watchlist Over Piracy
Global sports bodies asked the U.S. to keep Saudi Arabia on its higher-priority watch list of nations that don’t adequately protect intellectual-property rights because of what they say is unchecked content piracy in the kingdom.
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Saudi Aramco launches largest shale gas development outside U.S.
Nasser said Aramco had developed fracking using seawater, which will remove the obstacle that a lack of water supply represents to fracking in the desert.
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The U.S.-Iran Pistachio War Is Heating Up
Relentless breeding of stronger rootstocks means U.S. pistachio saplings can grow to fruition in 4 years, rather than 7 to 10. Add to that improvements in irrigation and other technologies, and average U.S. yields have tripled to more than 3.5 metric tons of in-shell pistachio nuts per hectare, from just over 1 ton in 1980
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Pompeo announces ‘understanding’ between U.S. and Taliban
“After decades of conflict, we have come to an understanding with the Taliban on a significant reduction in violence across #Afghanistan,” Pompeo wrote on Twitter, describing the latest development as “an important step on a long road to peace,” and calling on Afghans “to seize this opportunity.”
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