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Recent stories from sustg
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Coronavirus, Lockdowns, Low Oil Prices Take Toll on Saudi Economy in 2Q 2020 — Report
- September 30,2020
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- SUSTG Team
Saudi Arabia’s economy contracted 7% year-on-year in the second quarter of 2020 as the toll wrought by the Coronavirus pandemic and lower oil prices becomes clear, according to Bloomberg.
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Road to the G20: This Week’s Events include Energy, Urban-Focused Meetings
- September 28,2020
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- SUSTG Team
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items.
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Road to the G20: This Week’s Events include Trade, Science-Focused Meetings
- September 21,2020
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- SUSTG Team
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items.
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OPEC Revises Downward Outlook for Global Oil Demand as Coronavirus Weighs on Crude Recovery
- September 14,2020
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- SUSTG Team
OPEC has downwardly revised its outlook for global oil demand to an average of 90.2 million barrels per day in 2020 (down 9.5% from last year) as the Coronavirus weighs on crude recovery, according to reports, citing a recent publication from OPEC on Monday.
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King Salman, President Trump Speak by Phone; Discuss ‘Fair and Permanent’ Solution to Israel-Palestinian Peace
- September 8,2020
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- SUSTG Team
Saudi Arabia’s King Salman and President Trump spoke by phone over the weekend, discussing several issues of importance to the U.S.-Saudi relationship, including a recent push by President Trump’s son-in-law Jared Kushner to make progress resolving the Israel-Palestine issue.
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Saudi Arabia’s Economy Sees Bright Spots as Coronavirus Cases Continue to Decline
- September 1,2020
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- SUSTG Team
As the Coronavirus spread continues to decline in Saudi Arabia, fresh data from the from the Saudi Arabian Monetary Authority (SAMA) indicates some bright spots for Kingdom’s economy, according to Jadwa Investment.
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Improved Private Sector Sentiment Seen in Latest Saudi Economic Data – Jadwa Investment
- August 7,2020
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- SUSTG Team
Saudi Arabia saw a rebound in some economic data points after Coronavirus-driven shutdowns, according to the latest Jadwa Investment August 2020 Chartbook.
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Saudi Arabia’s Real Estate Refinance Co. to Acquire Mortgages Worth $800 Million
- July 20,2020
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- SUSTG Team
Saudi Arabia’s Saudi Real Estate Refinance Co. (SRC), an arm of the Public Investment Fund (PIF), will acquire mortgages worth SR3 billion ($800 million) from the Public Pension Agency (PPA), according to reports.
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Qiddiya Awards $2.6 billion In Contracts to ‘Speed Up Development’; Diriyah Gate ‘Full Speed Ahead’
- July 3,2020
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- SUSTG Team
Qiddiya, the mega-entertainment complex just outside of Riyadh that is set to transform the leisure landscape in the Saudi capital, announced on Thursday “at least SR10 billion ($2.66 billion) worth of contracts” will be awarded to various companies “to speed up construction,” according to reports.
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AMAALA, the Luxury Planned Seaside Resort on Saudi Arabia’s Northwest Coast, Picks Impressive Design for International Airport
- June 25,2020
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- SUSTG Team
AMAALA, the ultra-luxury planned travel destination located along Saudi Arabia’s northwestern coast has unveiled plans for a new international airport, employing an impressive design “inspired by the optical illusion of a desert mirage.”
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MUST-READS
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Syria-Lebanon BorderLebanon preparing for military operation near Syria border
Lebanese Prime Minister Saad Hariri says the army is preparing for a security operation along a lawless section of the border with Syria.
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Domestic SukukSaudi finance ministry says 13 banks qualify for domestic sukuk program
Saudi Arabia's finance ministry said on Tuesday that 13 domestic banks had qualified to participate in the government's planned issuance program for local currency Islamic bonds.
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Laptop BanUS lifts laptop ban on flights to the US from Saudi Arabia
The Trump administration on Monday lifted the laptop ban on passengers flying on Saudia, the last airline facing in-flight restrictions on electronics, from Jeddah, Saudi Arabia.
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Qatar DisputeQatari Ships Banned from Ports Along Suez Canal
On Friday, Suez Canal chairman Mohab Mamish announced that Qatari vessels would be banned from the canal area's ports and its special economic zone. Qatari ships will still have access to the canal itself, as Egypt is bound by international treaty to allow access to the strategic waterway.
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Labor11 workers from India, Bangladesh killed in Saudi house fire
Eleven migrant labourers died of asphyxiation in Saudi Arabia on Wednesday in a fire that engulfed the windowless house they shared, Saudi authorities said.
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TadawulSaudi stocks get a boost from retail, banking shares following Q2 profit, dividends
Shares of Saudi Arabia's United Electronics surged in early trade on Monday after reporting a quadrupling in its second quarter net income and its first dividend distribution since 2015, while the region's banking shares were also strong.
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Laptop RestrictionsSaudi Arabian Airlines hopes U.S. will lift laptop ban by July 19: SPA
Saudi Arabian Airlines (Saudia) expects the in-cabin ban on laptops and other large electronics on direct flights to the United States to be lifted by July 19, state news agency SPA reported Tuesday.
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Laptop RestrictionsUS laptop ban lifted on Emirates and Turkish Airlines
Emirates and Turkish Airlines have said the cabin ban on laptops no longer applies on their flights to the US.
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Trump Travel BanThe Trump travel ban’s “bona fide relationship” is “redefining what a family is”
Rama Issa, a 29-year-old Syrian-American, is very close with her cousins, aunts, and uncles.
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Trump Travel BanTrump Travel Ban Starting Thursday Evening U.S. Time, Source Says
Existing visas will be respected, but new applicants from the countries must prove a relationship with a parent, spouse, child, sibling or close in-law already in the U.S., the Associated Press reported, citing a diplomatic cable.
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