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Recent stories from sustg
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Dow Chemical to Buy 15% More of Sadara to Boost Stake to 50%
- August 29,2017
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- SUSTG Team
Dow Chemical plans to buy an additional 15 percent stake in its $20 billion joint venture with Saudi Aramco, the companies said on Monday according to reports. The U.S.-Saudi joint venture, named Sadara, aims to transform Saudi Arabia “from a consumer and importer to a global exporter,” according to Saudi Energy Minister Khalid al-Falih. U.S.-based Dow Chemical […]
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Rules Issued for Small-Scale Solar Generation in Saudi Arabia
- August 21,2017
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- SUSTG Team
Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, according to a Reuters report citing a government statement. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more […]
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Saudi Ministry of Justice Approves New Protections for Women in Saudi Arabia
- August 16,2017
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- SUSTG Team
The Saudi Ministry of Justice issued four important decisions and proposals to limit the abuse of women, including raising the age that a woman is allowed to marry to 17 years old, according to a report in the Middle East Monitor that cited the Saudi daily Okaz. The Ministry proposed a rule that “permission to […]
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Saudi Arabia is the World’s Largest Arms Importer, Qatar Third – UK Study
- August 10,2017
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- SUSTG Team
Saudi Arabia is the largest arms importer in the world by total sales amount, with regional rival Qatar surging to third largest importer, according to a data released by the UK’s Ministry of Justice. The report sheds light on the flow of arms, weaponry and military equipment around the world. According to the data, which can be […]
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Recent Economic Data for July 2017 Points to Mixed Picture for Saudi Economy
- August 3,2017
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- SUSTG Team
Growth in Saudi Arabia’s non-oil private sector accelerated in July, albeit at a moderate pace, while the expansion in employment slowed, according to a Reuters report citing a Emirates NBD survey. “The seasonally-adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index (PMI) rose to 55.7 last month from 54.3 in June. A level above 50 means business is […]
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Demands from Qatar Modified to ‘Six Broad Principles’
- July 20,2017
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- SUSTG Team
Saudi Arabia and 3 Arab nations leading a boycott of Qatar are no longer insisting it comply with a list of 13 specific demands they tabled last month, according to reports. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt told reporters at the United Nations they now wanted it to accept “six broad principles.” […]
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Step Forward for Women in Saudi Arabia as Physical Education Classes for Girls OKed
- July 12,2017
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- SUSTG Team
Saudi public schools will begin offering physical education for girls in the coming academic year, the education ministry announced on Tuesday, in another step forward for women and girls in the Kingdom. The long-awaited reform was announced by Education Minister Ahmed al-Issa on Tuesday. The announcement said that P.E. for girls would start with the […]
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Oversupply in Oil Markets Continues Downward Pressure on Prices
- July 7,2017
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- SUSTG Team
Global oil markets have entered a period of oversupply, putting downward pressure on prices and eliciting calls for the world’s largest producers like Saudi Arabia to act on top of March 2017 OPEC cuts to reduce the glut. Oil prices fell 3 percent on Friday after data showed U.S. production rose last week just as […]
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Response to Qatar Demands Given Two-Day Deadline Extension
- July 3,2017
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- SUSTG Team
Four Arab states lead by Saudi Arabia agreed to extend until late on Tuesday a deadline for Doha to comply with a list of demands, as U.S. President Donald Trump voiced concern to both sides about the dispute, according to Reuters and other reports. Qatar’s foreign minister said via Twitter that the demands “were meant […]
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Saudi Begins Extended Eid Al-Fitr Holiday as Massive Celebrations Planned
- June 26,2017
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- SUSTG Team
An extended Eid Al-Fitr holiday began in Saudi Arabia and most other Arab countries on Sunday, marking the end of the holy fasting month of Ramadan. Kuwait, Qatar and the United Arab Emirates will also start the holiday on Sunday, but Oman starts the holiday on Monday, according to reports. The timing of Eid can vary […]
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MUST-READS
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Aramco TechnologyWatch Out Tesla, Aramco’s Carbon Capture Truck Is Coming
Aramco does not only produce about 10 millions of barrels of crude oil along with vast quantities of gasoline and petrochemicals each day. It also houses a rapidly growing force of scientists and engineers who are busy researching and building new technologies.
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Saudi Aramco IPOAramco Can Learn From Oil’s School of Hard NOCs
Aramco has heft, technical expertise and a monopoly on the lowest-cost oil reserves on Earth. Yet Aramco also bears a heavy burden in supporting the Saudi Arabian state and its new de facto ruler's efforts to overhaul it. As with many of those other NOCs, owning Aramco means also owning a piece of the national drama.
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Ride Sharing AppsSaudi Aramco more concerned about ride sharing apps than electric cars
Ride-sharing is of greater immediate concern than either electric or self-driving cars, said Yasser Mufti, vice president of corporate planning. "I would argue that ride sharing is a far more advanced trend than the other two," he told the Financial Times, since ride-sharing technology could lead to a reduction in private car ownership.
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Saudi AramcoSaudi Aramco plans for a life after oil
The $20bn project, completed in September, is the largest chemicals facility constructed in a single phase anywhere in the world. It stands as a powerful statement of intent by Saudi Aramco, the state oil company, to adapt to a changing energy environment and as a symbol of what a reformed Saudi economy could look like.
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Saudi Aramco IPOLondon Firms To Visit Saudi Arabia As Battle For Aramco Listing Continues
Heavyweight firms London will be accompanying the City of London’s lord mayor on his trip to Saudi Arabia this coming weekend, as Saudi officials have yet to announce which would be the international stock exchange for the planned listing of 5 percent of oil giant Saudi Aramco.
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Saudi Aramco IPOCity of London executives lobby to win Saudi Aramco IPO
The City of London is sending some of its most senior executives on a trip to Saudi Arabia this week as it intensifies efforts to attract the lucrative Saudi Aramco IPO to the London Stock Exchange.
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PetrochemicalsAramco-SABIC partnership will give Saudi economy ‘more flexibility’
Integration between Saudi Aramco and Saudi Basic Industries (SABIC) in refining and the petrochemicals will create more flexibility in the kingdom’s economy, according to a new analysis from BMI Research.
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Global Oil MarketsAramco Sees Oil Market Balanced as U.A.E. Downplays Shale
Global crude inventories are declining and supply and demand are in balance, according to the head of Saudi Aramco, while the United Arab Emirates energy minister said U.S. shale oil doesn’t threaten OPEC’s efforts to support the market.
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Aramco-SABICSaudi Aramco, SABIC plan to build $20 bln oil-to-chemicals complex
The Saudi project would process about 400,000 barrels per day (bpd) of Arabian light crude oil to make about 9 million tonnes of chemicals and base oils a year, plus 200,000 bpd of diesel for domestic use.
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InvestmentSaudi Arabia’s stock market could attract inflows worth $145 billion thanks to indexes and the Aramco IPO
For a demonstration of their growing clout, look to Saudi Arabia, where the equity market is in line to receive about $145 billion of investment flows over the next three years—in part thanks to indexes—according to State Street Global Advisors.
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