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Recent stories from sustg
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Saudi Arabia’s Gas Production Hits All-Time High as Push Into Sector Pays Off
- November 4,2020
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- SUSTG Team
Saudi Arabia’s heavy investments to expand natural gas production in recent years is paying off in the form of record production of the fuel, according to Bloomberg, which cited latest figures from Saudi Aramco’s third-quarter results released on Tuesday.
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Saudi Arabia’s MoFA Issues Statement Condemning Terrorist Attack in Nice, France
- October 29,2020
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- SUSTG Team
Saudi Arabia’s Ministry of Foreign Affairs issued a statement strongly condemning the terrorist attack that occurred near the Notre Dame church in Nice, France, where three people were killed in a knife attack Thursday morning.
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Road to the G20: This Week’s Meetings Include Youth-Focused Y20, Finance Meetings
- October 12,2020
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- SUSTG Team
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. This week, Saudi Arabia will host the Y20 youth-focused group, as well as finance-focused meetings.
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Virginia-Based SAIC Wins $49.5 Million U.S. Navy Contract for Royal Saudi Naval Forces
- October 9,2020
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- SUSTG Team
The U.S. Navy awarded Reston-based Science Applications International Corp. (SAIC) a $49.5 million single-award task order to continue to provide the Royal Saudi Naval Forces support services for command, control, communications, computers, and intelligence, surveillance and reconnaissance (C4ISR) upgrade and refurbishment, a press release issued by the company confirms.
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Saudi Leaders Pay Tribute to Late Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah
- September 30,2020
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- SUSTG Team
Saudi leaders expressed their tributes and condolences to the people of Kuwait following the passing of the Gulf nation’s emir, Sheikh Sabah al-Ahmad al-Sabah, who died at the age of 91.
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Kingdom’s Flagship Carrier Saudia Airlines is a Top Brand in Saudi Arabia, YouGov BrandIndex Finds
- September 23,2020
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- SUSTG Team
Saudi Arabia’s flagship carrier Saudia is atop of a newly-released brand popularity survey of the Kingdom from global polling firm YouGov.
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Saudi Arabia Sternly Condemns OPEC+ Production Quota Cheaters in Meeting
- September 17,2020
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman scolded members of a key OPEC+ panel about cheating on oil production quotas, but did not name countries by name, according to reports.
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A First Look at the Saudi PIF-Backed Lucid Air, Set to Challenge Tesla’s Market Dominance
- September 10,2020
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- SUSTG Team
Lucid Motors, backed by $1 billion from Saudi Arabia’s Public Investment Fund (PIF), unveiled its first vehicle, the Lucid Air electric sedan, at a virtual event from the company’s Silicon Valley headquarters.
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Bechtel Taps Former U.S. Ambassador to Bahrain as New President for Europe, Middle East Region
- August 19,2020
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- SUSTG Team
U.S.-based construction giant Bechtel announced a new president for Europe and the Middle East, appointing former U.S. Ambassador to Bahrain Justin Siberell as president for the Europe and the Middle East region, the company said in a press release.
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Saudi Youth, in Numbers: Kingdom’s Government Releases Data for International Youth Day 2020
- August 11,2020
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- SUSTG Team
Saudi Arabia’s General Authority for Statistics released a new report on Saudi youth with fresh data on the Kingdom’s large young generation entitled Saudi Youth in Numbers.
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MUST-READS
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IranWhat Does the U.S. Killing of Soleimani Mean for Saudi Arabia?
Washington and Riyadh have renewed their common cause in confronting Iran and its proxies. U.S. President Donald Trump has felt the sting from Iran’s regional activities and taken it personally. For the time being, Riyadh can be reassured that Iran’s regional activities and proxies are a top U.S. priority.
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IranIran Fires on U.S. Forces at 2 Bases in Iraq, Calling It ‘Fierce Revenge’
Iraqi officials say the Iranian strikes, involving at least a dozen ballistic missiles, caused no American or Iraqi casualties. President Trump issued an upbeat appraisal.
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U.S.-IranSurvey: The U.S. Public Still Doesn’t Want War With Iran
Overwhelmingly, the U.S. public does not believe that U.S. interests warrant war with Iran. Only about one-fifth of respondents say that their country “should be prepared to go to war” to achieve its goals with Iran, while three-quarters say that U.S. goals do not warrant it. Among Republicans, only 34 percent say that war should be on the table to protect U.S. interests.
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Prince Khalid bin SalmanSaudi envoy arrives in Washington amid fear of U.S.-Iran war
Saudi Deputy Defense Minister Prince Khalid bin Salman — a former ambassador to the U.S. — was urgently sent to Washington by his brother, Crown Prince Mohammed bin Salman. Saudi Arabia is deeply concerned it could become engulfed in uncontrolled escalation between the U.S. and Iran following President Trump's decision to kill Iranian Gen. Qasem Soleimani.
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U.S. MilitaryWhere U.S. troops are in the Middle East and Afghanistan, visualized
On Friday, the Pentagon announced that it was sending an additional 3,500 troops to the region, while troops in Italy were put on standby, according to defense officials. The troop escalation came just days after President Trump ordered an additional 750 U.S. soldiers to the Middle East and 3,000 more to be on alert for future deployment, after pro-Iranian forces stormed the U.S. Embassy in Baghdad as part of a worsening cycle of violence.
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Default RiskSaudi Default Risk Jumps as U.S.-Iran Tensions Flare: Chart
The price of the kingdom’s five-year credit default swaps rose even more than when missiles struck Saudi oil facilities in September, an attack Washington blamed on Tehran. At 65 basis points, Saudi Arabia’s CDS is more expensive than Indonesia’s for the first time in almost two years.
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U.S. Soccer FederationU.S. cancels plans for Qatar camp amid turmoil in Middle East
The camp was due to be held at the Aspire Academy in Doha from Jan. 5-25, meaning players were set to depart this weekend. During that time, the national team was scheduled to hold training sessions, as well as take part in closed-door scrimmages with other clubs and national teams holding camps in the country, including a match against Austrian side Red Bull Salzburg on Jan. 18.
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2020 BeginsTen Strategists on What U.S.-Iran Escalation Means for Markets
The shock news comes after most asset classes had a stellar 2019, with U.S. equities capping one of the best years of the past decade.
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U.S.-IraqState Department urges U.S. citizens to leave Iraq immediately
The warning comes hours after Iran promised “harsh retaliation” against the United States for an airstrike that killed top Iranian Gen. Qassem Soleimani at the Baghdad International Airport.
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Global Oil MarketsBrent jumps $3 after U.S. kills Iran’s Soleimani
Brent crude LCOc1 rose as high as $69.50 a barrel, its highest since mid-September when Saudi oil facilities were attacked, and was up 4.2% or $2.83 a barrel at $69.08 by 1058 GMT.
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