SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • Saudi Arabia says no relations with Israel before recognition of Palestinian state on 1967 borders

    Saudi Arabia clapped back at the United States’ claims that discussions on a Saudi-Israeli normalization deal were moving forward separately from talks on a Gaza cease-fire. In a statement released early Wednesday, the Saudi Foreign Ministry said the kingdom has informed Washington that it will have no diplomatic relations with Israel until an independent Palestinian state is established on the 1967 borders with east Jerusalem as its capital and Israel ends its offensive on the Gaza Strip and withdraws its troops from the enclave. “Saudi Arabia has always been steadfast on the Palestinian issue and the necessity that the brotherly Palestinian people obtain their legitimate rights,” the statement added. Read more: https://www.al-monitor.com/originals/2024/02/saudi-arabia-says-no-relations-israel-recognition-palestinian-state-1967-borders#ixzz8R3rLeUiv

  • Saudi SAL partners with Space Age for drone-based shipments

    Drones will be utilized to enhance transportation and shipment efficiency in Saudi Arabia, thanks to a new agreement signed by the Kingdom’s SAL Saudi Logistics Services Co. The logistics and supply chain solutions provider signed a memorandum of understanding with the Saudi-based technology firm Space Age on the second day of the World Defense Show 2024. The agreement aims to provide the technical solutions and infrastructure necessary to transfer and localize the drone industry, as stated by SAL in a post on X.

  • Saudi Aramco in investment discussions with Indian companies – exec

    State oil giant Saudi Aramco is in investment discussions with companies in India, a senior executive said on Wednesday. "Hopefully we will see some announcements soon on investment in Indian companies," Faisal Faqeer, senior vice-president, liquids to chemicals development, downstream, at Saudi Aramco, told delegates at the India Energy Week in Goa, without specifying its plans. The world's largest crude oil exporter and OPEC kingpin has been boosting its investments in refining and petrochemicals across Asia to secure new markets for its crude, as it sees growth in chemicals central to its downstream expansion strategy.

  • Saudi Arabia’s Defense Industry Seeking Local Assembly Of Helos

    During the World Defense Show here, both Leonardo and Turkish Aerospace signed agreements with Saudi entities on Feb. 4 to explore the potential of assembling aircraft for the domestic market. Fellow OEM Airbus Helicopters signed a similar agreement during last year’s Paris Air Show with Scopa, a Saudi defense company establishing agreements with Western defense companies.

  • Saudi Arabia: no Israel ties without recognition of Palestinian state

    Saudi Arabia has told the United States it will not open diplomatic relations with Israel unless an independent Palestinian state is recognised on 1967 borders with East Jerusalem as its capital, its foreign ministry said on Wednesday. Riyadh reiterated its call for permanent members of the U.N. Security Council that have not recognised a Palestinian state on the 1967 borders with East Jerusalem as its capital to do so, a ministry statement said.

  • Iran at Saudi Defense Show Signals Warmer Ties in Time of War

    Iranian military officials attended the World Defense Show in Saudi Arabia this week, a sign that ties remain cordial between the two despite the ripple effects of the Israel-Hamas war across the region. A delegation from Tehran met with Saudi Arabia’s Chief of General Staff, Fayyadh al-Ruwaili, during the event, Iran’s semi-official Mehr news agency reported. It’s likely the first trip of its kind since the two traditional foes agreed to restore relations almost a year ago.

  • Saudi Arabia plans 250k new hotel rooms by 2030, says minister of tourism

    “The quality of the rooms and projects is very excellent and will place the Kingdom among the best in the world. The target for 2030 is approximately 550,000 hotel rooms,” the minister said, adding: “Today, we continue to reach 10 percent contribution to the gross domestic product, and we have reached 7 percent contribution to the non-oil GDP.”

  • McKinsey and BCG warn staff face jail if they reveal Saudi work

    The heads of consulting giants McKinsey and BCG told US lawmakers on Tuesday that their employees in Saudi Arabia could face jail if the firms handed over details of their work for the country’s sovereign wealth fund without approval from the kingdom. Bob Sternfels of McKinsey and Rich Lesser of BCG had been summoned to appear before Congress, along with the chief executive of smaller consultancy Teneo and the dealmaker Michael Klein, after the four firms failed to comply with a subpoena demanding information about their work for the $700bn Public Investment Fund.

  • Big Oil’s Boring Quarter Was Great News for Investors

    Big Oil has delivered a set of remarkable earnings. Without fanfare, ExxonMobil Corp., Chevron Corp. and Shell Plc all did in the fourth quarter what they’d promised: Start new oil and gas projects; cut costs; return lots of money to shareholders. It’s a model for the notoriously boom-and-bust industry. Together, the three companies at the top of the global energy industry returned more than $80 billion to shareholders last year, up from $78 billion in 2022 despite lower oil and gas prices, lower refining margins and fewer trading opportunities.

  • Commentary: Going after UNRWA is a charade the world must reject

    Ten days ago, Israel began circulating accusations that 12 employees of the UN Relief and Works Agency (UNRWA) in Gaza had involvement in the Hamas-led attack on southern Israel on October 7. This led to a crisis of indispensable, largely western, funding for this crucial humanitarian services provider for Palestinian refugees, especially in Gaza, where a large majority are refugees from what has become southern Israel. But this latest campaign is just part of a decades-long attack on the agency by Israel, which is itself just a subset of the broader campaign to eliminate the Palestinian refugee issue by eliminating Palestinian refugees as an internationally monitored and protected group.