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Saudi Arabia Expands Preventative COVID-19 Travel Restrictions as Some Analysts Praise Kingdom’s Response
- March 20,2020
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- SUSTG Team
Saudi Arabia continued to expand rules and regulations to prevent the spread of COVID-19 in the Kingdom and King Salman gave a rare speech to address the Saudi public on Friday, as the world seeks to stop the spread of the deadly virus and calm global markets.
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Global Markets Plummet as Saudi, Russia Fail to Agree on Oil Supply
- March 9,2020
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- SUSTG Team
After the OPEC+ countries failed to come to an agreement on oil prices, Saudi Arabia dramatically cut its export prices over the weekend, creating the largest single-day oil price drop since the start of the Gulf war in 1991, according to reports.
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Saudi Cabinet Shakeup Places Khalid Al-Falih in Charge of New Investment Ministry
- February 25,2020
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- SUSTG Team
Saudi Arabia has shaken up its government investment bodies with a major change to SAGIA, the Saudi Arabian General Investment Authority, making the body a full ministry and replacing former Governor Ibrahim Al-Omar with former Saudi Aramco head Khalid Al-Falih, the King revealed in a series of royal decrees. In three separate royal orders, Eng. Ibrahim bin […]
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Saudi Health Officials, Experienced with MERS-CoV, Take Preventative Measures against New ‘Wuhan’ Coronavirus
- January 23,2020
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- SUSTG Team
Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports.
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China’s Imports of Saudi Oil Soar 76% in October as Demand Increases
- November 25,2019
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- SUSTG Team
China’s crude oil imports from Saudi Arabia rose over 75% in October as demand from new refiners was met by the Kingdom, according to Reuters data. The 76.3% rise in October was boosted by demand particularly from from two new integrated refineries, the Hengli Petrochemical Co. in the north, and Zhejiang Petrochemical in the south, Reuters reports. […]
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Saudi-based STV Leads $23 Million Funding Round in Trukker
- November 12,2019
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- SUSTG Team
Saudi-based Saudi Technology Ventures (STV) said in a blog post that it is leading a $23 million investment round in Trukker, a truck-focused digital freight marketplace and aggregator based in the UAE. “Today, truck drivers must communicate with brokers via phone calls in order to negotiate pricing of each transaction and discuss capacity and routes,” […]
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Saudi Aramco delays planned IPO until after earnings update, seeks local listing
- October 18,2019
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- SUSTG Team
Saudi Aramco has delayed the planned launch of its initial public offering “in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm,” Reuters reports, citing two sources familiar with the matter. The slight delay allows Saudi Aramco to reassure investors by first presenting results covering the period in which two […]
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To the Delight of Fans, Saudis Play Soccer Match in West Bank for First Time in Decades
- October 15,2019
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- SUSTG Team
Saudi Arabia’s soccer team will play against the national team in Palestine in the West Bank for the first time in over a decade, delighting fans from both sides. The match, planned for Tuesday, has “electrified Palestinians” not just because it’s a World Cup qualifying match, but because it’s a home game actually played at […]
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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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Pompeo Calls Strikes an ‘Act of War’ as he Visits Saudi Arabia, Meets with Crown Prince
- September 19,2019
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- SUSTG Team
Secretary of State Mike Pompeo has called the recent attacks against Saudi oil facilities an “act of war” by Iran, and met Wednesday with Saudi Crown Prince Mohammed bin Salman in Jeddah. The recent attacks “didn’t come from the Houthis,” Pompeo said Wednesday in remarks to reporters. “This was an Iranian attack…we’re blessed that there were no Americans killed […]
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MUST-READS
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Ukraine peace plan only way to end Russia’s war, says Zelenskiy aide
While Kyiv has staunch backing from the West in its struggle against the Kremlin, it has not won the same support from the Global South - a term denoting Latin America, Africa and much of Asia - where Russia has invested diplomatic energy for years. Moscow has bolstered ties with Global South powers during the war in Ukraine, including by selling more of its energy to India and China. In response to a Western embargo on seaborne Russian oil imports, Russia has been working to reroute supplies away from its traditional European markets to Asia, Africa, Latin America and the Middle East.
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Saudi, UK to jointly develop critical minerals supply chains, increase availability
Saudi Arabia and the UK intend to jointly develop critical minerals supply chains to support the global energy transition and increase the global supply as part of an agreement signed on Thursday. Saudi Arabia’s Minister of Industry and Mineral Resources Bandar al-Khorayef and the UK’s Secretary of State for Business and Trade Kemi Badenoch signed the agreement.
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Saudi Cost of Living 2023: Riyadh, Dammam, Cost of Living Index, Comparison to India, UK, & More
Understanding the cost of living in major Saudi cities is vital for relocation. Expenses in Riyadh and Dammam vary across housing, groceries, utilities, and numerous others. Here is a general overview of the cost of living in these cities.
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Commentary: Is Riyadh’s Mukaab Compatible With Saudi Arabia’s Climate Ambitions?
Clearly, the project is still in its initial phase. Much remains to be done, and further research is necessary to ensure The Mukaab aligns with the kingdom’s Vision 2030 blueprint. Decision makers should perhaps turn to the past and examine how iconic structures have enhanced the profiles of major cities. When Paris’ Eiffel Tower was first proposed, and even after it was built, residents and artists opposed it as an architectural blight. Yet, over a century later, one can hardly think of Paris without the Eiffel Tower.
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Russia’s sanctioned interior minister visits Saudi Arabia just after trip by Ukraine’s Zelenskyy
Russian Interior Minister Vladimir Kolokoltsev’s visit to Riyadh came just days after Ukrainian President Volodymyr Zelenskyy addressed an Arab League summit held in Saudi Arabia’s Red Sea port city of Jeddah on Friday. The visits underline how the kingdom and Gulf Arab states, traditionally the security clients of the United States, have been maintaining their relations with Moscow amid the Ukraine war.
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Oil billionaire Mukesh Ambani and famed activist Sunita Narain are both on the COP28 board
The UAE has appointed 31 people to the advisory board for the upcoming COP28 climate summit. The group represents a mix of former executives of oil companies, climate campaigners, energy experts, and corporate leaders such as BlackRock’s CEO Larry Fink and Siemens’s supervisory board chairman Joe Kaeser.
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UK business minister to visit Qatar, Saudi Arabia and UAE
Britain's business and trade minister Kemi Badenoch will visit Qatar, Saudi Arabia and the United Arab Emirates this week as part of her efforts to reach a trade deal with the six countries in the Gulf Cooperation Council (GCC). Trade talks between Britain and the GCC - whose members also include Bahrain, Kuwait and Oman - started last year and there have been three rounds so far.
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Ukrainian president attends Arab summit in Saudi Arabia, where many leaders are close to Moscow
Saudi Arabia pledged $400 million in aid to Ukraine earlier this year and has voted in favor of U.N. resolutions calling on Russia to end its invasion and refrain from annexing Ukrainian territory. But it has resisted U.S. pressure to increase oil production in order to squeeze Russia’s revenues, and like other Arab states has maintained warm ties with Moscow.
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Ukrainian president attends Arab summit in Saudi Arabia, where many leaders are close to Moscow
Saudi Arabia pledged $400 million in aid to Ukraine earlier this year and has voted in favor of U.N. resolutions calling on Russia to end its invasion and refrain from annexing Ukrainian territory. But it has resisted U.S. pressure to increase oil production in order to squeeze Russia’s revenues, and like other Arab states has maintained warm ties with Moscow.
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Ukraine’s Zelenskiy lands in Jeddah to attend Arab League summit
Ukrainian President Volodymyr Zelenskiy landed in Jeddah on Friday to attend an Arab League summit, where Syrian President Bashar al-Assad, heavily-backed by Russia in his country's civil war, will also be present now that his regional isolation ended. Zelenskiy arrived on a French government plane. He is also due to attend the G7 leaders' summit in the Japanese city of Hiroshima this weekend. "Kingdom of Saudi Arabia plays a significant role and we are ready to take our cooperation to a new level," he tweeted shortly after arrival.
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