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Russia’s Putin Arrives in Saudi Arabia to Discuss Oil Market Stability, Regional Tensions
- October 14,2019
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- SUSTG Team
Russia’s President Vladimir Putin is in Saudi Arabia to visit with top Saudi leaders, his first trip to the Kingdom in over a decade. The visit is a sign of Russia’s “growing Middle East clout,” Reuters reports, as tensions brew in regional hotspots where Russia and Saudi Arabia’s interests diverge. Putin will sign oil agreements, which will […]
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Range of ‘Positive Developments’ Seen in Latest Saudi Economic Data for August 2019
- October 1,2019
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- SUSTG Team
Economic data for Saudi Arabia for the month of August revealed a number of “positive developments” in several areas, according a recently-released monthly chartbook report by Jadwa Investment. The Riyadh-based bank noted that POS transactions rose by 18 percent year-on-year, while non-oil PMI index edged up, and cement sales and production rose by 12 percent and […]
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Britain, France, and Germany Join U.S. in Blaming Iran for Attacks
- September 24,2019
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- SUSTG Team
Britain, France and Germany have joined the United States in blaming Iran for recent attacks on key Saudi Arabia oil facilities, according to reports, issuing a joint statement Monday on the sidelines of the United Nations General Assembly. “We condemn in the strongest terms the attacks on oil facilities on Saudi territory on September 14th, 2019 in Abqaiq […]
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Brazen Attacks on Key Saudi Oil Facilities Knock Half of Daily Saudi Production Offline, Place Region on Edge
- September 16,2019
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- SUSTG Team
In the early hours of Saturday morning, two of Saudi Arabia’s most important oil facilities were brazenly attacked and set ablaze, causing a disruption of half of Saudi Arabia’s total daily oil production and 5% of the world’s crude supply and throwing the tense region into greater risk of conflict. The attacks on Saudi Arabia hit […]
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Saudi Arabia Names New Energy Minister, Appointing Royal with Deep OPEC Experience
- September 9,2019
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- SUSTG Team
Saudi Arabia has named a new energy minister in Prince Abdulaziz bin Salman, a son of King Salman and older half brother of Crown Prince Mohammed bin Salman, to replace Khalid Al-Falih. Abdulaziz bin Salman is the first member of the royal family to serve as oil minister in Saudi Arabia, a break from longstanding […]
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Saudi Arabia Announces Six Flags Qiddiya with Plans for the World’s ‘Longest, Tallest and Fastest Roller Coaster’
- August 27,2019
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- SUSTG Team
Saudi Arabia has unveiled the official park design for Six Flags Qiddiya, a family-oriented theme park currently under construction just outside of Riyadh. The announcement, along with a website for the future park, said that Six Flags Qiddiya will feature “a number of record-breaking roller coasters, unique thrill experiences, incredible live shows and more arranged into 6 […]
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Saudi Embassy Responds to Misinformation in U.S. Election Debates
- August 8,2019
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- SUSTG Team
The spokesperson for the Saudi embassy in Washington, Fahad Nazer, responded to “worrisome and false” allegations being made by U.S. politicians against Saudi Arabia as the 2020 election cycle gears up. Nazer sought to “set the record straight” especially on accusations connecting Saudi Arabia with Al-Qaeda made by longshot Democratic candidate, representative Tulsi Gabbard from Hawaii. […]
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‘History in the Making’: Saudi Arabia Allows Women to Travel Independently; Enacts Other Reforms
- August 5,2019
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- SUSTG Team
Saudi Arabia’s decision to allow women to travel independently is being hailed a historic leap for gender equality in the Kingdom as women celebrate their new rights and freedoms enacted under King Salman and Crown Prince Mohammed bin Salman. “The new regulations are history in the making,” Princess Reema Bint Bandar, Saudi Arabia’s first woman ambassador […]
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Saudi Binladen Group Seeks Restructure Advisor for Billions of Debt – Report
- July 31,2019
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- SUSTG Team
The Saudi BinLaden Group is seeking an advisor to help the troubled company restructure as much as $20-$30 billion in debt, according to a new report in Reuters. The once-dominant construction company in the Kingdom that has fallen on hard times is now looking for a comeback. In late 2017, the Saudi government, through a Finance-ministry […]
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Saudi Arabia in talks with ‘regional and global investors’ for Qiddiya, the Kingdom’s mega entertainment and sports city – report
- July 24,2019
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- SUSTG Team
Saudi officials are engaged in talks with “regional and global investors” for the Kingdom’s first mega entertainment and sports city that’s being developed as part of the kingdom’s plans for life after oil, Bloomberg reports. The company is looking at options for investment including “joint ventures, land leasing and privatization to fund the project,” according to comments from the company’s […]
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Houthi Missile AttackYemen’s Houthis fire missile at Aramco facility, Saudi says it falls in desert
Yemen’s armed Houthi movement launched a ballistic missile at a Saudi Aramco facility in Saudi Arabia’s southwestern Jizan province on Monday, the group’s al-Masirah TV reported, but a Saudi-led coalition said the rocket fell in the open desert.
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Saudi AramcoSaudi Aramco to plant one million trees in eastern Saudi Arabia
The intiative by the top oil producer includes planting 26 types of trees and seedlings that do not consume large amounts of water, in order to preserve the kingdom’s natural resources.
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Saudi Aramco IPOCommentary: Can The Saudi Exchange Survive The Aramco Listing?
This solid presence of oil on Tadawul will without a doubt affect the price movements of non-oil stocks, effectively deepening Saudi Arabia’s dependence on the industry it wants to wean itself from.
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Saudi AramcoSaudi Aramco signs deals worth $7bn with local SMEs
Saudi Aramco has awarded purchase agreements to 16 Saudi pressure vessel manufacturers as part of an expansion of its 'In-Kingdom Total Value Add' (IKTVA) programme, the company announced on Saturday.
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Saudi Aramco IPONo Quick Fix For Aramco IPO On Saudi Exchange
Khalid al-Hussan, the CEO of Tadawul, admitted that without adjustments an Aramco listing on Tadawul could account for 40% of the index. To avoid this, he suggested that regulators would place a cap on Aramco’s weight within the index.
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Saudi Aramco IPOSaudi stock exchange ready to handle Aramco listing
Saudi Arabia’s stock exchange (Tadawul) is ready from a regulatory and technical point of view to handle a listing of Saudi oil giant Aramco, the chief executive said on Wednesday.
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Women in the WorkforceSaudi Aramco just appointed a female executive to its board
The announcement is considered a milestone for the kingdom, where 22 percent of women participate in the workforce, making it a rarity for females to reach top executive positions.
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Saudi AramcoSaudi Aramco appoints new board members including a woman
State run Saudi Aramco, the world's top oil company, said on Sunday it has appointed five new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives.
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Crude to ChemicalsSaudi Aramco and SABIC Award Second Crude Oil-to-Chemicals
In a second significant step toward the implementation of Saudi Aramco and SABIC’s fully-integrated crude oil-to-chemicals (COTC) complex in Saudi Arabia, the two partners have awarded a contract to KBR, a leading global provider of project management, and professional & engineering services in the petrochemicals industry, for the COTC project management and front-end engineering and design (FEED).
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Saudi RefiningAnalysis: Saudi Aramco’s Asia JVs to help battle oversupply, peak oil demand fears
Analysts said the company's back-to-back agreements to take 50% stakes in Malaysia's RAPID project and India's biggest planned refinery on the west coast will guarantee a huge outlet for its crude oil in coming years as oil faces increasing competition from alternative energy supplies.
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