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Recent stories from sustg
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Saudi Aramco Finds Five New Gas Fields in Four Regions, SPA Says
- February 28,2022
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- SUSTG Team
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said that Saudi Aramco has discovered new natural gas fields in four different regions across the Kingdom, according to information published by the Saudi Press Agency. The fields were discovered “in the central area of the kingdom, in the Empty Quarter desert, near its northern border and […]
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Saudis Worldwide Mark Inaugural Celebration of Founding Day
- February 22,2022
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- SUSTG Team
Saudi Arabia held celebrations on Tuesday to commemorate for the first time the Kingdom’s foundation nearly 300 years ago, “choosing a date that downplays the central role played by clerics from the ultra-conservative Wahhabi school of Islam” and instead focusing on the date in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over […]
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Golf: Saudi International Tournament Begins Thursday with $5m Purse; DeChambeau, Johnson, Mickelson Set to Headline Tough Field
- January 31,2022
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- SUSTG Team
Saudi Arabia’s annual flagship golf event, the PIF Saudi International powered by SoftBank Investment Advisers, is set to begin this week with a crowded field of some of the sports top players. The tournament will be played at the Royal Greens Golf and Country Club, with several holes seated next to the pristine turquoise blue Red Sea. The […]
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Saudi Natural Gas Production Soars, Turning Saudi Palaces into Lux Hotels, and Much More – The 966 E. 24
- January 28,2022
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- SUSTG Team
Episode 24 of The 966 has the hosts talking about Saudi Arabia’s growth in natural gas production over the last decade, the PIF’s new hotel group, a recent piece on Saudi royal succession and much more.
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Saudi Arabia’s PIF Gains Estimated $1 Billion on Activision Investment with Microsoft Takeover
- January 19,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) bet on gaming publisher Activision is set to gain over $1 billion with Microsoft’s planned takeover of the company, a Bloomberg report said.
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Reports: Lucid will Build Factory in Saudi Arabia by 2026
- January 13,2022
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- SUSTG Team
Lucid Group Inc.’s chairman Andrew Liveris said this week that the EV car-marker intends to build a factory in Saudi Arabia by 2025 or 2026, and is currently in the process of negotiating details with ministries in the Kingdom.
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The 966 Episode 20: The Dakar Rally’s coolest truck, Saudi coffee, a look at the Saudi mining sector, and much more
- January 7,2022
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- SUSTG Team
Episode 20! The 966 Hosts discuss Gaussin’s hydrogen-powered Dakar Rally truck in partnership with Aramco, why Saudi coffee is so delicious and how 2022 is “The Year of Saudi Coffee,” the mining and minerals sector in Saudi Arabia, a discussion oil in 2022, and much more in the program’s “Yallah” final segment.
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Report: OPEC+ Expected to Increase Output in February as Planned — Reuters
- January 3,2022
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- SUSTG Team
Three sources from OPEC+ told Reuters Monday that the group is likely to stick with planned increases in production in February, meaning the group foresees a mild and short-lived impact on demand from the Omicron coronavirus variant.
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Shrugging off Omicron Threat, Oil Rallies Near $80 on Brent
- December 28,2021
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- SUSTG Team
Oil prices extended gains on Tuesday December 28th, with Brent crude trading near $80 a barrel despite the rapid, worldwide spread of the Omicron coronavirus variant. WTI also continued a months-long rally, rising to $76.28. U.S. crude oil prices hit a high of $86.40 per barrel in October this year.
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A Special Holiday Edition of The 966: Extended ‘Yallah’ Conversation Covering 10 Top Storylines in Saudi Arabia This Week
- December 24,2021
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- SUSTG Team
The 966 kicks off the holiday season with a special edition of the weekly format. The hosts discuss airport takeovers, Soundstorm, The PGA’s standoff with a new Saudi-backed challenger league, the Jeddah Central project, Omicron in Saudi, and more.
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MUST-READS
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Mobile and TechSaudi Arabia to lift ban on internet calls
Saudi Arabia is lifting a ban on voice and video calling apps such as WhatsApp and Skype, in a move aimed at boosting productivity and economic growth.
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Mobile Phone AppsBan on mobile apps to be lifted from Wednesday
Abdullah Al Sawaha, minister of communications and information technology, announced on Wednesday the lifting of a ban on mobile phone applications effective from coming Wednesday.
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LebanonPerspective: Lebanon’s Shining Island of Example Is Shrinking
When my father was a child, he could drive from Beirut through Palestine to Egypt. No longer. And the borders are becoming more impenetrable, closed shut by wars. Ten years ago, when I reported from the Middle East, I could drive from Beirut to Syria and into Iraq or Jordan, all the way to Kuwait. Those memories feel like a past life.Ten years ago, when I reported from the Middle East, I could drive from Beirut to Syria and into Iraq or Jordan, all the way to Kuwait. Those memories feel like a past life.
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Shale OilShale oil producers to face 4 risks next year, says Saudi bank
Saudi investment bank Jadwa Investment has however identified four risks that shale oil producers will confront next year that may affect the level of their output developments.
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BankingCrédit Agricole’s Sale Of Shares In Banque Saudi Fransi Is A Taste Of Things To Come In The Kingdom
The latest development at Banque Saudi Fransi is echoed in the situation at another local lender, Alawwal Bank, where Royal Bank of Scotland has been seeking a buyer for its holding since at least last November. In April this year, Alawwal announced it had entered talks with Saudi British Bank (Sabb) about a merger of the two institutions.
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Banque Saudi FransiSaudi prince acquires $1.5B stake in Banque Saudi Fransi
Kingdom Holding is acquiring the stake from Credit Agricole SA’s corporate and investment banking arm, positioning Alwaleed’s company as the largest shareholder in the bank, which has some 86 branches across Saudi Arabia and is among the biggest lenders there.
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BankingCommentary: Bankers Call Time on Saudi Arabia
But while Wall Street investment bankers sniff deal opportunities—Citigroup Inc., for one, is trying to rebuild its local business a decade on after losing a crucial license—those taking on actual credit risk in the local economy are less enthralled.
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Foreign PolicyWhat’s Behind Saudi Arabia’s Turn Away From the Taliban?
Saudi Arabia’s increasingly anti-Taliban stance helps Riyadh consolidate its vital regional alliances and isolate Qatar.
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MaadenExclusive: Saudi Arabia’s Ma’aden Asks Banks to Refinance Nearly $3 Billion of Debt
Saudi Arabian Mining Co (Ma’aden), the Gulf's largest mining company, has asked banks to submit proposals for a loan which would refinance some $2.88 billion of existing debt, sources familiar with the matter said on Wednesday.
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PIFSaudi sovereign fund, Softbank plan robotic initiative
Saudi Arabia’s main sovereign wealth investment fund and Japan’s Softbank Group plan to jointly study how robots can be used more effectively in government, business and society, they said on Wednesday.
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