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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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Saudi Oil PolicyAramco Cuts October Crude Pricing to U.S. as Demand Declines
Saudi Arabia, the world’s largest crude exporter, cut pricing for all October oil sales to the U.S., widening the discount on its Medium grade for the first time in eight months, with refining demand plunging after the end of the summer driving season.
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King Salman Visit: 2015Obama to assure Saudi king of U.S. help to counter Iranian threat
President Barack Obama will assure Saudi King Salman of the U.S. commitment to help counter any Iranian security threat, White House officials said on Wednesday, despite concern among Gulf allies that a new nuclear deal could empower Tehran in the region.
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U.S. - Saudi TradeWhat’s needed for better Saudi-U.S. business ties?
The top-level attention to business ties comes at a time of increasing pressure on economies as the global energy market remains in the doldrums amid over-production and key consumers’ slowdowns.
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U.S. - SaudiSaudi Arabia, U.S. near deal for two Lockheed warships
Saudi Arabia is in advanced discussions with the U.S. government about buying two frigates based on a coastal warship that Lockheed Martin Corp is building for the U.S. Navy, and could reach agreement by the end of the year, according to sources familiar with the talks.
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Anti-ISIS Campaign: SyriaU.S. launches secret drone campaign to hunt Islamic State leaders in Syria
The CIA and U.S. Special Operations forces have launched a secret campaign to hunt terrorism suspects in Syria as part of a targeted killing program that is run separately from the broader U.S. military offensive against the Islamic State, U.S. officials said.
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Women VotersFrom the U.S. to Saudi Arabia, Women Had to Fight to Vote
Wednesday marks the 95th anniversary of women’s suffrage in the United States. At the same time, one of the last countries to deny women the vote is preparing to open its polls: this December, women will vote in Saudi Arabia for the first time.
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SyriaNew U.S. envoy for Syria to travel to Russia, Saudi Arabia
The United States' new special envoy for Syria, Michael Ratney, will visit Moscow, Riyadh and Geneva later this week in an attempt to find a political solution to the four-year old Syrian conflict.
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AfghanistanWith U.S. withdrawal looming, a nascent Afghan press is in peril
Since the fall of the fundamentalist regime in 2001, the United States has spent at least $110.7 million to develop and promote an open media in Afghanistan where none before existed, according to an analysis of contracts on USAspending.gov.
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ISISU.S., Turkey to launch ‘comprehensive’ anti-Islamic State operation
Turkey and the United States will soon launch "comprehensive" air operations to flush Islamic State fighters from a zone in northern Syria bordering Turkey, Foreign Minister Mevlut Cavusoglu told Reuters on Monday.
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YemenUN Critcizes Saudi-Backed Operations In Yemen, But U.S. Stays Silent
The United Nations and others in the international community are increasing their criticism of Saudi-backed operations in Yemen, but the U.S. is still backing its ally.
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