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Oil Demand Soars in 2021, Expected to Grow Further as Market Reacts to Reported Saudi-UAE Agreement
- July 16,2021
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- SUSTG Team
Global demand for oil is soaring in 2021 as the world rebounds from the pandemic year, according to OPEC data and shared by Riyadh-based Jadwa Investment in an oil market update.
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Report: Algosaibi Family Conglomerate AHAB Near Debt Settlement after Nearly 12 Years
- July 8,2021
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- SUSTG Team
One of Saudi Arabia’s largest and longest debt sagas, ongoing for nearly 12 years, is set to finally reach a resolution. Saudi Arabia’s Algosaibi family’s conglomerate AHAB and its creditors have submitted a debt restructuring proposal to the Dammam commercial court this week after approval from a creditor committee, Reuters reports.
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Saudi Reaches Key 70% Vaccination Milestone, but New Cases Reach 10-Month High
- June 24,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Health (MoH) on Wednesday said it has administered more than 16.8 million vaccine doses covering 70 percent of the total adult population in Saudi Arabia, a key milestone as the Kingdom progresses toward a full recovery from the pandemic, according to the Saudi Gazette.
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For Second Straight Year, Saudi Arabia Puts Safety First with Plans for Scaled Back Hajj in 2021
- June 14,2021
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- SUSTG Team
Saudi Arabia announced over the weekend that this year’s Hajj pilgrimage will be limited to no more than 60,000 people, all of them from within the kingdom, as authorities seek to build on progress combatting the ongoing coronavirus pandemic.
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Saudis Surge Investments into U.S. Stock Market in Q1 2021 as Overseas Inflows Reach Record Highs
- May 20,2021
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- SUSTG Team
The total amount invested by Saudi traders in the U.S. stock market through companies licensed by the Capital Market Authority (CMA) surged 162 percent, year-on-year, to SR77.4 billion ($20.64 billion) in the first quarter, Zawya reports, citing data compiled by financial website Argaam.
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Eid Al-Fitr to Start Thursday, Saudi Scholar Says; Saudis to Look for Crescent Moon
- May 10,2021
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- SUSTG Team
A Saudi scholar and advisor to the Royal Court predicts that Ramadan will end on Wednesday May 12th and the Eid Al-Fitr will begin on Thursday May 13th, according to a report in Gulf News. The precise ending of the 30 days-long Ramadan for the world’s 1.8 billion Muslims will depend on the sighting of the youngest […]
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Saudi Arabia’s Stock Market Revamps Corporate Structure Ahead of Highly-Anticipated IPO
- April 7,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, has announced a revamped corporate structure as it prepares for a much anticipated IPO, converting to a holding company called the Saudi Tadawul Group, according to reports. The change was announced by the Tadawul Group CEO Khalid al-Hussan said on Wednesday.
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‘Red Sea Rainforests’: Astronaut Captures Striking View of Saudi Arabia’s Northwest Coastline from Space Station
- March 30,2021
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- SUSTG Team
An astronaut captured a striking view of the northwest coastline of Saudi Arabia, showing the extent of a coral reef where Saudi Arabia hopes to boost sustainable tourism and where up to 260 reef species thrive, according to a post the NASA Earth Observatory blog.
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Saudi Arabia’s Stock Market Amends Rules, Allows All Qualified Investors to Sell Short
- March 26,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, Tadawul, has widened access to short-selling and stock-lending, while tightening some other rules as of March 25, according to a report in Arab News.
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New Paper Highlights Deep U.S.-Saudi Economic Relationship Beyond Defense and Energy
- March 16,2021
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- SUSTG Team
A new paper from authors David Kenner and Kameal Al-Ahmad of the King Faisal Center for Research provides a fresh overview of the US-Saudi economic relationship beyond the headline-dominating oil and arms sales.
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MUST-READS
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U.S.-TurkeyUS team in Turkey begins work on Syrian safe zone
A U.S. delegation has arrived in Turkey to begin establishing an operations center to coordinate a planned safe zone in Syria, the Turkish Defense Ministry announced Monday.
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U.S.-TurkeyTurkey, US appear closer to establishing safe zone in Syria
Turkey and the United States appeared Wednesday to be edging closer toward setting up a so-called safe zone in northeast Syria, saying they had agreed to form a joint operations center to coordinate and manage its establishment.
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Turkey in the RegionUS warns Turkey on Syria amid last-ditch talks to resolve buffer zone dispute
"Clearly we believe any unilateral action by them would be unacceptable," he said. “What we’re trying to do now is work out an arrangement to address their concerns, and I’m hopeful we will get there.”
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U.S.-TurkeyEsper: US intends to prevent Turkey invasion into Syria
U.S. officials have made clear that an invasion is an extremely risky venture that could threaten the safety of U.S. forces working with the SDF and potentially impede the continued defeat of Islamic State militants in the region.
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Turkey in the RegionTurkey determined to destroy ‘terror corridor’ in Syria despite talks with US to establish a safe zone
Turkish President Recep Tayyip Erdogan said Friday his country is determined to destroy what he called a “terror corridor” in northern Syria — regardless of whether or not Turkey and the United States agree on the establishment of a so-called “safe zone” there.
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U.S.-TurkeyU.S. lawmakers denounce Turkey’s Russia arms purchase but unsure of next steps
The F-35 stealth fighter jet, the most advanced aircraft in the U.S. arsenal, is used by NATO and other U.S. allies. Washington is concerned that deploying the S-400 with the F-35 would allow Russia to gain too much inside information about the aircraft’s systems.
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Turkey in the RegionTurkey’s Big Energy Grab
Turkey is escalating its conflict with Cyprus over undersea energy riches, sending warships and exploration vessels into disputed Mediterranean Sea waters in a bid to keep Cyprus from developing natural gas discoveries.
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U.S.-TurkeyTurkey has ‘no patience left’ with U.S. on Syria safe zone
U.S. special envoy for Syria James Jeffrey held talks in Ankara this week on the zone and other issues, including progress on a roadmap agreed last year for the northern town of Manbij to be cleared of the Kurdish YPG militia.
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U.S.-TurkeyUS envoy holds talks in Ankara as Turkey threatens to invade Syria
The main sticking points in the deliberations appear to be Turkey’s desire for full control of an expanse of of Syrian territory 30-40 kilometers (20-25 miles) wide, while the United States has said the zone should be 10 kilometers (six miles) without a permanent presence of Turkish troops.
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TurkeySaudi Arabia Issues Fifth Alert to its Nationals in Turkey
For the fifth time this year, the Saudi embassy in Ankara warned Saudi tourists from being subject to exploitation, less than a month after issuing a similar alert. In a statement Wednesday, it said the new alert came after several Saudi tourists fell victim to theft by Turkish car rental companies at Trabzon Airport and the city center.
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