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Saudi Aramco Plans to Invest $110 Billion to Develop Unconventional Gas Reserves in Saudi Arabia’s Jafurah field
- February 24,2020
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- SUSTG Team
Saudi Aramco plans to invest a whopping $110 billion to develop unconventional gas reserves in Saudi Arabia’s Jafurah field, the state news agency SPA said on Friday.
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On Third Day of Saudi Trip, Pompeo Tours Saudi Airbase, Meets with Crown Prince Mohammed bin Salman
- February 21,2020
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- SUSTG Team
Secretary of State Michael Pompeo met with Crown Prince Mohammed bin Salman and separately with Prince Khalid Bin Salman in Saudi Arabia on his third and final day of a visit to the Kingdom, according to reports, before taking a tour of a key Saudi Arabian air base where the U.S. has deployed defense capabilities.
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Pompeo Meets with King Salman, FM Prince Faisal bin Farhan in Riyadh
- February 20,2020
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- SUSTG Team
Secretary of State Mike Pompeo met with King Salman and Foreign Minister Prince Faisal bin Farhan in Riyadh today, photos from the Saudi Press Agency show.
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Secretary of State Pompeo Arrives in Riyadh for 3-Day Visit, his Second of 2020
- February 19,2020
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- SUSTG Team
Secretary of State Mike Pompeo arrived in Riyadh today for a three-day visit to meet with Saudi officials. During his visit to Riyadh, Pompeo is scheduled to meet senior Saudi leaders and visit Saudi Aramco’s Khurais oil field, which was targeted in a missile attack in September that both the kingdom and the U.S. blame on Iran. Tehran denied involvement […]
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Saudi Cabinet Gives Approval to Saudi Export and Import (Exim) Bank, Launch Expected Soon
- February 18,2020
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- SUSTG Team
Saudi Arabia’s Council of Ministers has approved regulations for the creation of a new Saudi Export and Import (Exim) Bank on Tuesday during a session presided over by Custodian of the Two Holy Mosques King Salman at Al-Yamamah Palace.
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Will Saudi Arabia soon be an exporter of gas?
- February 17,2020
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- SUSTG Team
Saudi Arabia plans to start exporting gas and will soon make a major announcement on the topic, the country’s energy minister said.
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Saudi Arabia and Kuwait Agree to Resume Oil Production from Neutral Zone Fields
- February 14,2020
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- SUSTG Team
Saudi Arabia and Kuwait will resume joint production at two oilfields from a shared neutral zone between the countries, according to Bloomberg, ending a five-year dispute that sidelined production from the area.
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Weaker Demand for Oil as Coronavirus Spreads, Pushing Prices Down
- February 12,2020
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- SUSTG Team
Saudi Arabia and other oil producing nations that form the OPEC+ group are seeking common ground on how to keep oil prices from tumbling further in the face of weak demand from the spread of the Coronavirus.
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In Detailed Report, CBRE Highlights ‘Game Changer’ Saudi Entertainment Industry
- February 7,2020
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- SUSTG Team
American commercial real estate services and investment firm CBRE Group, Inc., the largest commercial real estate services company in the world, recently released a graphic-filled and detailed report on Saudi Arabia’s bourgeoning entertainment industry, which it calls a “game changer.”
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Jadwa Investment: Saudi Inflation Set to Rise Slightly in 2020; Non-Oil Private Sector to Pick Up
- February 5,2020
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- SUSTG Team
A recently-released report by Jadwa Investment notes that the Kingdom will see a slight increase in inflation in 2020 on expectations of a continued pick-up in non-oil activities and an elevated level of consumer spending.
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MUST-READS
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Turkish parliament approves troop observer deployment to Karabakh
The mandate will allow Turkish troops to be stationed at the centre for one year as part of an accord between Ankara and Moscow to monitor the implementation of the ceasefire, which locked in territorial gains by Azerbaijan. Some 2,000 Russian peacekeeping troops are now also deploying to the region.
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Saudi diplomat urges Biden not to repeat ‘mistakes’ of first Iran nuclear deal
He said any non-comprehensive agreement “will not achieve lasting peace and security in our region.” He said the nuclear deal “did not rationalize Iranian destructive behavior in our region,” which is no less of a threat than its nuclear aspirations.
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Saudi prince vows ‘iron fist’ as IS group claims attack on Western diplomats
The bomb blast struck a World War I commemoration at a non-Muslim cemetery in Jeddah on Wednesday, just two weeks after a guard at the French consulate in the Red Sea city was wounded by a knife-wielding Saudi citizen.
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A Quick Guide for Banks Deploying a VAT Compliance Solution in the GCC
With more GCC countries introducing VAT and changing regulatory requirements in countries that have already implemented it, banks and financial institutions will need to adopt a proactive approach to ensure compliance. It is critical for banks to understand the complexity of implementing a GCC VAT product and best practices that can aid them in a smooth VAT compliance journey.
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BCG Jeel Tamooh virtually connects Saudi students with employers
With nearly 30% of the population aged between 15 and 29, the Middle East is home to a vast pool of young, working-age talent. Many are involved in realising the potential of this generation. Jeel Tamooh is one example, while BCG rival McKinsey & Company is also involved in developing young talent in the region. The response to the Jeel Tamooh career fair – despite being virtual – shows a keenness for talented youth in the region.
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Saudi ministry outlines conditions for employment transfers for foreign workers
As part of its Labor Reform Initiative (LRI), the Saudi Ministry of Human Resources and Social Development designated the exceptional situations in which foreign workers are permitted to move to a new workplace without the prior consent of their employer. Under normal circumstances foreign workers must work for a year before they can move jobs.
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A Lebanese artist created an inspiring statue out of glass and rubble from the Beirut port explosion
When Nazer finally had enough items, she put them together -- creating a woman raising Lebanon's flag, her hair and dress flowing in the wind. The sculpture, which still doesn't have a name, even features a damaged clock stuck at 6:08, the moment of the explosion.
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Gaza unemployment rate reaches 70%
Al-Ammasi said over 70 per cent of Gaza’s workforces, 250,000 people, are currently unemployed, with 140,000 of them losing their jobs due to the outbreak of coronavirus. This, he explained, was a loss of $40 million to the economy.
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Explore Saudi Arabia’s Iconic Marid Castle, A Historic Military Fortress In Al-Jawf Region
In the north of Saudi Arabia is Al Jawf, a region bordering Jordan and filled with centuries of history. In fact, Al Jawf is deemed to be one of the oldest habitation places in Arab Peninsula, with habitation places traced back to the Stone Age and Acheulean period (which lasted from 1.5 million to 200,000 years ago). Due to this long history, Al Jawf is home to many of the Kingdom’s key historic landmarks, one of them being the iconic Marid Castle, a military fortress located in the city of Dumat Al-Jandal.
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Governor of Saudi Arabian Monetary Authority Says Central Bank Digital Currencies Seem Promising and are Worth Exploring
Dr. Ahmed Abdulkarim Alkholifey, the Governor of Saudi Arabian Monetary Authority (SAMA), the nation’s reserve bank, says that central bank digital currencies or CBDCs seem to be promising and are worth further exploration.
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