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White House Says it Welcomes OPEC+ Decision to Stick to Planned Output Increase
- January 5,2022
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- SUSTG Team
The White House on Tuesday welcomed a decision the OPEC+ group of oil producers led by Saudi Arabia to stick with their plans to raise crude production, and touted “close” coordination with Saudi Arabia and the United Arab Emirates, according to Reuters.
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The 966 Episode 19: Saudi Arabia’s ‘Nitaqat’ Reforms and Doing Business in Riyadh with Guest Chris Johnson
- December 31,2021
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- SUSTG Team
Episode 19 of The 966 weekly podcast with special guest Chris Johnson, managing attorney, Johnson & Pump and Chairman, MECACC & KKR Saudi Arabia. Chris is a resident of Riyadh and, along with his legal work, publishes a terrific weekly newsletter. The hosts and Chris discuss a handful of topics including Nitaqat in Saudi Arabia, […]
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Facing Omicron Variant Surge, Saudi Arabia Steps Up Precautions, Increases Vaccine Requirements
- December 30,2021
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- SUSTG Team
Wasting no time in attempting to get ahead of the Omicron variant of the Coronavirus, Saudi Arabia moved forward with new rules and requirements aimed at protecting people within the Kingdom’s borders – and the Saudi economy.
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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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Saudi Arabia Accelerates Efforts to Boost Local Startup Growth
- December 23,2021
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- SUSTG Team
Saudi Arabia will accelerate efforts to boost local startup growth and develop Saudi Arabia’s entrepreneurship ecosystem with significant investments by the Public Investment Fund (PIF) into local startups in 2022, according to reports.
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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
- December 21,2021
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- SUSTG Team
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej.
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‘Best Places to Work’ Names Top 7 Saudi Companies in 2021
- December 21,2021
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- SUSTG Team
Novo Nordisk Saudi, Manga Productions, Foodics, Tamkeen Technologies, Roshn, International Maritime Industries and Saudi Arabian Packaging Industry are recognized as the top 7 best places to work in Saudi Arabia for 2021, according to the annual “Best Places to Work” certification program.
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Episode 17: The Diriyah Art Biennale, The Red Sea Film Festival wraps, Philosophy in Saudi, and Expo Saudi 2030?
- December 17,2021
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- SUSTG Team
This week, the hosts discuss the Kingdom’s 2022 budget, the Diriyah Art Biennale ongoing now outside of Riyadh, the Red Sea film festival, a philosophical discussion in Saudi Arabia, and whether the Kingdom will host Expo 2030.
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Two Saudi Women to Compete in Dakar Rally 2022, a First for Kingdom
- December 15,2021
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- SUSTG Team
Two Saudi women, Mashael Al-Obaidan and Dania Akeel, will be the first female drivers from Saudi Arabia to compete in the Dakar Rally next month, Reuters reports.
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Saudi Energy Minister Warns of ‘Dangerous’ Energy Crises with Reduced Investment in Production
- December 14,2021
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman al-Saud said on Monday that oil markets could face a dangerous period marked by undersupply and volatility if the world reduces investments in exploration and drilling, according to reports.
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MUST-READS
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Border SecuritySaudi-led coalition foils Houthi attack on Jizan port: SPA
A Saudi-led military coalition fighting against Yemen’s Houthi movement foiled an attack by two explosives-laden remote controlled boats deployed by the Houthis against Saudi Arabia’s Jizan port, Saudi state news agency SPA reported on Sunday.
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Global Oil MarketsAnalysis: Saudi Arabia’s untested claims of spare capacity may be put to the test
The kingdom says it holds the ability to pump 1.5 million b/d above its current output of some 10.4 million b/d -- crude that could be needed with US sanctions set to cripple Iranian supplies starting in November and Venezuela continuing on its economic freefall.
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Saudi-CanadaCanada Said to Push for UN Meeting With Saudis After Rights Spat
Canada is extending an olive branch to Saudi Arabia after a diplomatic blowout, as the countries weigh whether they can potentially avoid a prolonged standoff affecting Canadian firms and Saudi students.
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Saudi-SpainSpain will go ahead with sale of 400 bombs to Saudi Arabia
Spain will go ahead with the sale of 400 laser-guided bombs to Saudi Arabia, Foreign Minister Josep Borrell said on Thursday, after the deal was halted amid concerns over the Saudi role in the war in Yemen.
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Saudi-RussiaSaudi to sign space cooperation pact with Russia
The Saudi Cabinet approved on Tuesday an agreement with the Russian government for cooperation in the field of exploring space and using outer space for peaceful purposes, Saudi Press Agency reported.
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Saudi-SpainSpain to hold talks with Saudi Arabia over bomb sale, after halting it
Spain said on Monday it would hold talks with Saudi Arabia over the sale of 400 laser-guided bombs to the Gulf kingdom, after confirming last week it was halting the shipment because of the Saudi role in the war in Yemen.
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Saudi-SpainSpain saves Saudi contracts after averting diplomatic row over missile sale
For a week, Madrid and Riyadh have been engaged in a flurry of diplomatic exchanges following a news report that Spain would cancel the sale of 400 laser-guided bombs to Saudi Arabia over the risk that they might be used in the ongoing conflict in Yemen.
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EntertainmentCirque du Soleil Saudi Show Will Go On, Despite Spat With Canada
The Montreal-based troupe will perform a customized show for Saudi Arabia’s National Day on September 23 in Riyadh, Cirque du Soleil said in an emailed statement. The hour-long show will feature more than 80 artists -- men and women -- wearing 250 costumes on a 300-foot stage, "making it one of the largest productions ever created for a single performance by Cirque du Soleil," the company said.
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Saudi-SpainSpain cancels bombs sale to Saudi Arabia amid Yemen concerns
As a longtime commercial ally of Saudi Arabia, Spain is the fourth-largest provider of military equipment and weapons to the Gulf state
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IndiaIndia to send manned flight into space by 2022
India will send a manned flight into space by 2022, Prime Minister Narendra Modi announced Wednesday as part of India’s independence day celebrations.
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