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Recent stories from sustg
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With a Bumpy Road Ahead in 2020, Saudi Banks are ‘Well Capitalized’, Executives told Reuters
- June 4,2020
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- SUSTG Team
“Strong capital buffers” will help banks in Saudi Arabia push through a bumpy road ahead in the next few months, according to a Reuters report, which took a measurement of some of the industry’s top CEOs.
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Saudi Arabia’s NIDLP Sees Traction with $1.33b in Loans So Far
- May 28,2020
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- SUSTG Team
Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) has so far granted loans amounting to SR 5 billion ($1.33b) to over 40 Saudi exporters and increased private sector investments to over SR35 billion, according to a local Saudi newspaper report.
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Saudi Arabia to End Virus Curfews by June 21, Will Start ‘New Phase’ on Thursday May 28
- May 26,2020
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- SUSTG Team
Saudi Arabia said Tuesday that it will begin to end its nationwide coronavirus curfew this week, and completely phase out the curfews by June 21, according to comments from the Kingdom’s health minister Dr. Tawfig Al-Rabiah.
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Kingdom Climbs in International Budget Transparency Index
- May 1,2020
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- SUSTG Team
Saudi Arabia jumped 18 places in an index that measures the transparency of budgets worldwide as the Kingdom moves forward with economic and social reforms.
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Saudi Arabia Makes First Purchase of Wheat from Kingdom-Owned Farm
- April 27,2020
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- SUSTG Team
Saudi Arabia has made its first purchase of wheat grown from an overseas farmland investment in Ukraine, Reuters reports, as the Kingdom makes progress on a years-long shift toward agricultural imports and water conservation goals.
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Saudi Cabinet: Kingdom Prepared to ‘Take Extra Steps with OPEC+’ to Stabilize Oil Market
- April 21,2020
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- SUSTG Team
Saudi Arabia said on Tuesday it is monitoring oil markets and is ready to take extra measures to stabilize them along with OPEC+ allies and other oil producers, Reuters reports, citing an SPA report and Saudi Cabinet statement.
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Saudi Arabia, Russia Agree on Oil Cuts, Hope to Finalize Participation from Mexico, U.S.
- April 10,2020
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- SUSTG Team
Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies, Reuters reports, after the two heavyweights agreed on the cuts but Mexico “walked out” of talks yesterday at the last minute.
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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 Ambassador to the U.S. Princess Reema bint Bandar Visits Wyoming, Gives Interview to Local Paper
- March 6,2020
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- SUSTG Team
Saudi Ambassador to the United States HRH Princess Reema bint Bandar Al-Saud visited the U.S. state of Wyoming this week and sat down with the local news outlet, the Wyoming Tribune Eagle, to talk about her visit to the state, the state of women’s rights in Saudi Arabia and the potential for business partnerships in Wyoming.
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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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MUST-READS
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War in YemenYemen conflict: Saudi-led air strikes resume as truce ends
A Saudi-led coalition has resumed air strikes against Houthi rebels in Yemen after a five-day ceasefire ended, Yemeni officials and witnesses say.
- CSM - Rebel supporters protest Saudi-led airstrikes in Yemen after truce ended (+video)
- The Star - Canada urged to press Saudi Arabia on alleged cluster bomb use in Yemen
- Reuters - Saudi-led air strikes hit Yemen's capital Sanaa: residents
- Saudi Embassy - Saudi-led Coalition Confirms Commitment to Humanitarian Truce in Yemen
- Washington Post - Bombing and clashes resume as Yemen heads for ‘catastrophe’
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War in YemenYemen peace conference on hold as bombing resumes
Plans for peace talks involving all parties in the Yemen conflict were put on hold Monday. A spokesman for UN Secretary General Ban Ki-moon said Ban regretted there was no extension of last week's five-day humanitarian pause, which ended late Sunday with the resumption of bombing attacks by the Saudi-led coalition.
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War in YemenIranian Cargo Ship Enters Gulf of Aden On Route To Yemen
Iranian authorities say the vessel, the Iran Shahed, is carrying 2,500 tons of urgently needed aid – including flour, rice, canned food, medical supplies, and bottled water.
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YemenSaudi-led air strikes resume in Yemen as truce ends
A Saudi-led coalition has resumed air strikes against Houthi rebels in Yemen after a five-day ceasefire ended, Yemeni officials and witnesses say.
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War in YemenFighting continues in Yemeni city despite truce, 10 killed
The ceasefire, which began on Tuesday, appeared to be mostly holding on Friday despite heavy ground fighting between local militiamen and the Houthis in the city of Taiz, residents said. A medical source said 10 were killed.
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U.S. - GCC SummitObama praises Saudi leaders, focus now on Yemen
U.S. President Obama says he will discuss with Saudi Arabia's visiting leaders how to build on a ceasefire in Yemen and praises the country for being a critical U.S. ally.
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War in YemenYemen aid starts to flow as truce mostly holds
A five-day truce in Yemen appeared to be broadly holding on Wednesday, despite reports of airstrikes overnight by Saudi-led forces and continued military activity by the country's dominant Iranian-allied Houthi group.
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War in Yemen: Humanitarian AidSaudi king doubles Yemen aid pledge to $540 mn
King Salman doubled Saudi Arabia's Yemen aid commitment to $540 million on Wednesday, the first day of a humanitarian pause in a bombing campaign it has led against neighbouring rebels.
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War in Yemen: Border ConflictYemen: Pro-Houthi Forces Launch Rockets on Saudi City
ro-Houthi forces have launched apparently dozens of artillery rockets from northern Yemen indiscriminately into southern Saudi Arabia since May 5, 2015. At least 12 civilians have been killed and over a dozen others wounded, Saudi government sources said. Residents of the Saudi border city of Najran confirmed official government and media accounts that the strikes damaged both military and civilian structures there.
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Capital PunishmentThree Yemenis beheaded in Saudi, 83 executions in 2015
Saudi Arabia beheaded three Yemenis for drug trafficking Wednesday, bringing to 83 the number of executions in little more than four months, compared with 87 all of last year.
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