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Reliance, Aramco ‘Mutually Determined’ to Reevaluate $15b Deal, Statement Says
- November 22,2021
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- SUSTG Team
Reliance and Saudi Aramco have “mutually determined” to reevaluate a potential $15 billion investment by Saudi Aramco into Reliance’s oil-to-chemicals (O2C) business agreed to in 2019, according to reports and a statement from Reliance.
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Race to the Finish for Saudi Arabia’s F1 Circuit Track Construction in Jeddah; Officials Say Track will be Ready
- November 9,2021
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- SUSTG Team
Despite media reports that say there is a lot of work left to be done, Formula One’s governing body has said it is confident Saudi Arabia will be ready for its grand prix debut next month, multiple sources told Reuters. The race is set to run at night under the lights in Jeddah on December […]
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Saudi Aramco Chief Says World’s Spare Oil Supplies Are Falling Rapidly, Urges Production Investment
- October 27,2021
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- SUSTG Team
Saudi Aramco’s CEO Amin Nasser said that oil-output capacity across the world is dropping quickly and companies need to invest more in production, according to a story in Bloomberg. It’s a “huge concern,” Nasser said in an interview in Riyadh. “The spare capacity is shrinking.”
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The 966, Episode 8 – F1 Grand Prix in Jeddah, The Puzzle of U.S.-Saudi Ties, Tadawul Hits 15 Year High, Solar Costs Rise
- October 22,2021
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- SUSTG Team
This week, The 966 hosts discuss the upcoming COP 26 UN Climate Change Conference in Glasgow, the F1 race in Jeddah, an excellent recent commentary piece by Jon Alterman of the CSIS, Tadawul’s 15-year high, and the rising cost of solar energy components in Saudi Arabia.
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An Interview with the IMF’s Abdullah Hassan, Former Sous-Sherpa for Saudi Arabia for the G20 Meetings
- October 14,2021
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- SUSTG Team
In 2020, Saudi Arabia became the first Arab nation to assume the G20 presidency. Hosting the G20 is a massive undertaking, involving close to two years of event planning, policy development and strategy, and much more.
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As Oil Continues Rise, Saudi Aramco Again Nears World’s Most Valuable Company
- October 6,2021
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- SUSTG Team
Oil’s continued rise in recent months has pushed up the value of state-owned Saudi Aramco to nearly $2 trillion, positioning the company within striking distance of Apple Inc. as the world’s most valuable.
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Unemployment Among Saudi Citizens Hits Lowest in the Decade as Economy Continues Recovery
- September 30,2021
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- SUSTG Team
Unemployment of Saudi citizens dropped to 11.3% in the second quarter of this year, the lowest in a decade, according to the government’s General Authority for Statistics, as signs continue to mount that the Saudi economy is continuing to recover from the global pandemic.
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Diriyah Contemporary Art Biennale, First of its Kind in Saudi Arabia, Announces Artists
- September 24,2021
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- SUSTG Team
The upcoming Diriyah Contemporary Art Biennale – the first art event of its kind to be held in Saudi Arabia – announced participating artists for the exhibition called Feeling the Stones, according to a report in The Art Newspaper. The event is scheduled to take place starting December 11 and running for three months, concluding March 11, 2022.
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OPEC+ Set to Revise Down ‘Optimistic’ Oil Demand Outlook; Oil Rallies to $73
- September 10,2021
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- SUSTG Team
Two OPEC+ sources told Reuters that OPEC will likely revise down its 2022 oil demand growth forecast on Monday, as the specter of a persistent Delta variant of the coronavirus drags optimism about the global economic recovery.
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Jadwa Chartbook for September 2021: PMI Indicates Continued Expansion for Saudi Economy
- September 2,2021
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- SUSTG Team
Jadwa Investment’s recently-released Chartbook for the month of September shows a Saudi economy awaking from the pandemic year with solid figures in non-oil PMI, consumer spending, and POS transactions.
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MUST-READS
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Qatar DisputeCommentary: Saudi Arabia, the UAE, Qatar, and the New “Game of Thrones”
Certainly, the last thing the Arab states and the United States need is to see things get worse and Iran be given even more of an opening to Qatar—and to do so while the Arab states in the Gulf Cooperation Council (GCC) largely ignore Iraq's need for aid and recovery and effective counterbalances to Iran. It will be equally damaging to reinforce the long-standing national divisions that already divide and undermine the GCC.
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Physical FitnessSaudi residents engaged in lesser physical activity than UAE and Qatar counterparts
Saudi residents were engaged in lesser physical activity compared with their Emirati and Qatari counterparts as they took fewer steps each day, researchers from Stanford University have found out.
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UAE ArtThe UAE’s Emergence as a Hub for Contemporary Art
The UAE’s three main cities – Abu Dhabi, Dubai, and Sharjah – have developed distinct yet complementary art ecosystems defined by the leadership and character of each emirate.
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Qatar DisputeQatari officer reveals role in plot against UAE and Saudi Arabia
A Qatari security officer has detailed his involvement in a plot to slander the leadership of the UAE and Saudi Arabia.
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U.S.-Saudi RelationsState Department issues unusual public warning to Saudi Arabia and UAE over Qatar rift
The State Department issued an unusual public warning to Saudi Arabia and the United Arab Emirates on Tuesday over a diplomatic rift with fellow U.S. ally Qatar, and suggested that the Saudis may have provoked a crisis and drawn in the United States on false pretenses.
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Qatar DisputeLook out for these names on the UAE and Saudi Arabia’s Qatar-linked terrorism list – video
The UAE, Saudi Arabia, Bahrain and Egypt have placed 59 people and 12 organisations linked to Qatar on a "terror list".
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Yemen Civil WarSaudi-led coalition confirms missile attack on UAE ship
The Saudi-led coalition confirmed on 15 June that Yemeni rebels fired a guided missile at a ship from the United Arab Emirates (UAE) as it departed the southern Red Sea port of Al-Mukha.
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War in YemenSaudi coalition says Yemen rebels fired missile at UAE ship
A Saudi-led coalition says rebels in Yemen have fired a missile at an Emirati ship, causing no damage but wounding one sailor.
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MERSWHO reports 3 Saudi hospital MERS clusters, new cases in UAE, Qatar
The World Health Organization (WHO) yesterday provided new details about three unrelated hospital MERS-CoV outbreaks that as of May 29 had infected 12 people, and Saudi Arabia's Ministry of Health (MOH) today announced five more cases, including at least four tied to the hospital cluster in Riyadh.
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War in YemenUAE-backed forces gain control over Aden airport
Forces backed by the United Arab Emirates have taken over the airport in the southern city of Aden, according to Yemeni security officials, further fueling tension between internationally recognized President Abed Rabbo Mansour Hadi and the UAE.
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