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Saudi Aramco to Invest Doubled Profits, with a Focus on Upstream
- March 22,2022
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- SUSTG Team
Saudi Aramco said its 2021 net profit more than doubled to $110 billion, in what amounts to a significant boost to the Kingdom’s economy as it seeks to continue ahead with Vision 2030 economic and social reforms.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Mae Al-Mozaini, CEO and co-founder of Nusf, joins The 966 to talk about women’s empowerment in Saudi Arabia
- March 18,2022
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- SUSTG Team
Mae Al-Mozaini, Founder and CEO of the Arab Institute for Women’s Empowerment (Nusf) and former Aramco executive talks with The 966 about her experiences growing up in Saudi Arabia, working with Aramco, and the positive impact Nusf is having by empowering future female Saudi leaders.
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Foxconn Eyes Potential $9 Billion Saudi Facility at Neom; Green Hydrogen Moves Forward
- March 17,2022
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- SUSTG Team
Foxconn, the world’s largest contract assembler of consumer electronics, is in talks with Saudi officials about the prospect of opening a $9 billion factory in NEOM, according to a report in the Wall Street Journal.
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Analysts Question Reported Saudi Interest in Pricing Some Oil in Yuan
- March 16,2022
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- SUSTG Team
The Wall Street Journal reports that Saudi Arabia is in active talks with China to price some of its oil sales to China in yuan instead of the dollar, in what would be a “profound shift” for Saudi Arabia to price even some of its roughly 6.2 million barrels of day of crude exports in anything […]
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Saudi Arabia Invites China’s President Xi to Visit Kingdom
- March 15,2022
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- SUSTG Team
Saudi Arabia has invited Chinese President Xi Jinping to visit Riyadh as the Kingdom, people familiar with the plan told the Wall Street Journal. The visit could be President Xi’s first international trip since the beginning of the Covid-19 pandemic began.
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Saudi Aramco Joint Venture to Build Refinery and Petrochemical Complex in China; Delivery Date in 2024
- March 14,2022
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- SUSTG Team
Saudi Aramco and its joint venture (JV) partners will develop a refinery and petrochemical complex in China to be delivered in 2024, according to a report in the industry publication Offshore Technology.
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A discussion with author Dr. Mark Thompson on the power and potential of Saudi youth on The 966 episode 30
- March 11,2022
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- SUSTG Team
The hosts welcome Dr. Mark Thompson from Riyadh. The hosts discuss Mark’s latest book, “Being Young, Male, and Saudi,” as well as his deep experiences living and teaching in the Kingdom. Before that, the hosts discuss why U.S. shale will not be saving the day any time soon, and also an encouraging new survey from […]
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Poll Finds Bipartisan American Support for High Gas Prices over Russian Invasion, NATO Support
- March 9,2022
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- SUSTG Team
Two weeks on in Russia’s invasion of Ukraine, a poll of American attitudes on the war finds bipartisan support for U.S. energy sanctions against Russia even if that results in higher gas prices.
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Inaugural World Defense Show in Saudi Arabia Produces Results in Saudi’s Localization Drive for U.S. Companies
- March 7,2022
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- SUSTG Team
Saudi Arabia is hosting its first ever major defense show as industry giants from around the world assemble in Riyadh to display the latest in military tech — and pitch for lucrative opportunities as Saudi Arabia seeks to localize much of its defense industry production.
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MUST-READS
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Iran Nuclear AgreementIran Poised to Breach Parts of Nuclear Agreement, Europeans Warn
European diplomats warned Monday that Iran is preparing to abandon parts of a landmark nuclear deal in response to new U.S. sanctions, a step that risks inflaming tensions after the Trump administration dispatched warships to the Persian Gulf to deter potential Iranian attacks.
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EconomySaudis Start Year With Budget Surplus for First Time Since 2014
The biggest Arab economy posted a surplus of 27.8 billion riyals ($7.4 billion) in the first quarter, helped by an increase in non-oil revenue as well as income from crude exports, Finance Minister Mohammed Al-Jadaan told an audience of Saudi and international bankers gathered in Riyadh on Wednesday.
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War in YemenYemen parties agree details of pullback plan: UN envoy
"Let us be clear that when -- and I hope it is when and not if -- these redeployments happen, they will be the first voluntary withdrawal of forces in this long conflict," he said by videoconference from Amman.
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U.S. Department of State Announces Kidnapping Risk Indicator
The Travel Advisories for 35 countries have been updated to include a “K” indicator for the risk of kidnapping and/or hostage taking
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U.S.-IranIran Strategy – State Department Briefing
Since taking office, the administration has designated over 970 Iranian entities and individuals. The sanctions announced last week against front companies supporting the Islamic Revolutionary Guard Corps and Iran’s ministry of defense were the 26th round of American sanctions. Our sanctions have targeted a range of threats, especially Iran’s support of terrorism, missile proliferation, its nuclear program, human rights abuses, and others.
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YemenYemen’s parliament to hold first session since civil war started
Yemen's internationally recognised government is preparing to hold its first parliamentary session since the civil war erupted at the end of 2014.
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Investment40% of Saudi partnership in foreign investments
Ibrahim Al-Omar, governor of Saudi Arabian General Investment Authority (SAGIA), Saudi participation in foreign investments in the Kingdom is more than 40 percent.
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Project ManagementPwC partners with the Project Management Institute’s Saudi chapter
Professional services firm PwC has signed a three-year partnership agreement with the Saudi Arabian branch of the Project Management Institute.
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MarriottMarriott opens hotel, serviced apartments in Riyadh, Saudi Arabia
The opening of properties marks the fifth collaboration between Marriott International and Dur Hospitality following the Riyadh Marriott Airport, the Marriott Executive Apartments Riyadh Convention Center, the Courtyard by Marriott Riyadh Diplomatic Quarter and the Riyadh Marriott Hotel—Marriott's first property in the Middle East.
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Special OlympicsSaudi Women Participate in Special Olympics for the First Time Ever
The 14 women are competing in sports such as bocce, basketball, and track and field.
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