SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • Top Democrat warns Saudi arms freeze could benefit Russia and China

    Rep. Adam Smith (D-WA.), the chairman of the House Armed Services Committee, said in an interview that an proposed year-long suspension of U.S. arms sales to Saudi Arabia could benefit both Russia and China. During an appearance on CNN’s “At This Hour,” Smith told host Kate Bolduan that even though the U.S. has a strained relationship with Saudi Arabia, citing several ongoing issues such as the death of Washington Post columnist Jamal Khashoggi and Arabic country’s current conflict with neighboring Yemen, freezing their arms deal would create uncertainty between the two countries.

  • European business group warns of loss of confidence in China

    A top European industry group warned on Wednesday that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its "inflexible and inconsistently implemented" COVID policy as a key factor. The European Chamber of Commerce published the warnings in a paper it said had input from 1,800 member companies, which also contained 967 recommendations for China, the European Union and European companies related to doing business in the country.

  • China Boosts Oil Imports From Russia And Saudi Arabia

    China stepped up crude oil imports from both Russia and Saudi Arabia last month, with the Saudis returning to the top spot of Chinese oil suppliers. Citing customs data from Beijing, Reuters reported that Russian oil shipments to China went up by 28 percent on the year in August, to 1.96 million barrels daily. Saudi oil imports, meanwhile, rose by 5 percent on the year to almost 2 million barrels daily. Earlier this year, Russia replaced Saudi Arabia as China’s largest supplier of crude thanks to the price discount prompted by European Union sanctions.

  • No, Israel Isn’t Falling Into China’s Orbit

    Much has been made about the Jewish state’s growing ties with China. But those ties are loosening, and if a new cold war is in the offing, Jerusalem won’t be on Beijing’s side.

  • China Oil Imports from Saudi Arabia Rebound

    China’s oil imports from Saudi Arabia rebounded last month from June, to 6.56 million tons, or 1.54 million bpd, but still slightly below year-ago level, data showed Saturday. Russia held its spot as China's top oil supplier for a third month in July, data showed, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.

  • China heatwave and drought brings uptick in factory shutdowns

    Some major manufacturers that have had to halt operations in Sichuan include the Japanese carmaker Toyota and CATL, the Chinese lithium battery giant. Critical raw material companies have been hit too, and the effects will ripple through the supply chain. For example, Tongwei, the world’s largest supplier of polysilicon—a key raw material for solar panels—has suspended production, as has lithium producer Yahua Industrial (link in Chinese).

  • China: Saudi Arabia is a ‘strategic partner’

    Saudi Arabia is China's "strategic partner", the spokesperson of the Chinese Foreign Ministry, Wang Wenbin, said yesterday. "China and Saudi Arabia are comprehensive strategic partners," Wenbin said. "In recent years, with the commitment and guidance from the leaders of both countries, China-Saudi Arabia relations have grown robustly with fruitful cooperation in various areas." Wenbin added.

  • China foreign ministry: No information to offer on report about any Xi visit to Saudi Arabia

    A Chinese foreign ministry spokesperson said on Thursday that he had no information to offer at the moment when asked to comment on a media report that President Xi Jinping will visit Saudi Arabia next week. The Guardian reported on Thursday that plans are underway in Saudi Arabia for a gala reception for Xi, without saying where it got the information from. Xi has not made any official visit to a foreign country since January 2020.

  • China, Saudi Arabia Announce Massive Strategic Partnership Energy Agreement

    The world’s largest oil-exporting company Saudi Arabian Oil Company (Saudi Aramco) has signed a memorandum of understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec). According to an official statement from Aramco, the agreement outlines “pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and in the kingdom”.

  • Future of China’s Belt and Road lies in the Middle East

    The countries that make up the Gulf Cooperation Council (GCC) have been on the official list of BRI countries since its inception, but they haven’t been a primary focus of the initiative in its earlier phases. This is partly because GCC countries don’t need access to cheap Chinese credit like some African and East Asian countries. Aside from being vital nexus points for trade in emerging markets, the GCC’s role in the BRI has traditionally been focused on regional partners, construction projects, and energy.