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Recent stories from sustg
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Oil Approaches Prices Not Seen Since Start of Pandemic as Optimism on Vaccines, U.S. Stimulus Drives Prices
- December 18,2020
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- SUSTG Team
Oil reached its highest close in almost 10 months as U.S. lawmakers worked toward finalizing a stimulus deal that may boost near-term demand ahead of a broad roll-out of the Covid-19 vaccine. Futures in New York were near $48.50, headed for a seventh weekly gain, Bloomberg reports.
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Saudi Arabia’s Economy Still Shrank in 3Q Despite Rebound Trend
- December 17,2020
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- SUSTG Team
Saudi Arabia’s economy shrank more slowly in the third quarter of this year as the government relaxed some measures put in place to curb the spread of the Coronavirus but the oil sector continued to weigh on the Kingdom’s overall economic outlook, according to reports.
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Saudi Arabia Registers Pfizer COVID-19 Vaccine for Import, Distribution in Kingdom
- December 10,2020
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- SUSTG Team
Health authorities in Saudi Arabia have registered the Pfizer-BioNTech COVID-19 vaccine for import and use in the country, state news agency SPA said on Thursday. Saudi Arabia’s Food and Drug Agency registered the vaccine. Procedures necessary for its import and use will begin, the statement said.
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Road to the G20: G20 Leader’s Summit Publication Released Ahead of Virtual 2020 Summit
- November 20,2020
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- SUSTG Team
Organizers of the G20 in Riyadh released the summit’s Annual Publication ahead of the G20 leadership summit, beginning tomorrow and taking place virtually due to the Coronavirus pandemic. Saudi Arabia as host has prioritized empowering people, safeguarding the planet and shaping new frontiers as themes for this year’s event, the first G20 to be chaired by a nation […]
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Rising Coronavirus Cases, Lockdowns Globally Will Hurt Oil Demand More than Previously Thought in 2021, OPEC Says
- November 11,2020
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- SUSTG Team
A global surge in Coronavirus cases and resulting lockdowns in late 2020 will cause oil demand to rebound more slowly in 2021 than previously thought, OPEC said on Wednesday. The surge in Coronavirus cases will hamper efforts by OPEC and its allies to support the market, Reuters reports.
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Road to the G20: B20, T20 Meetings Conclude Ahead of Main G20 Event
- November 2,2020
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- SUSTG Team
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. Saudi Arabia just wrapped up the hosting of the B20 business-focused group, as well as the T20 meetings last week. The Business 20 […]
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Road to the G20: Two-Day Virtual B20 Begins Today
- October 26,2020
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- SUSTG Team
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. This week, Saudi Arabia will host the B20 business-focused group, as well as the T20 meetings later this week.
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Strict Countermeasures Continue to Pay Off as Saudi Arabia’s Covid Deaths Hit New Lows
- October 23,2020
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- SUSTG Team
Strict rules and regulations in place and an elevated social awareness of the danger of the coronavirus continues to pay dividends in stopping the spread of the virus in Saudi Arabia, data confirms. Saudi Arabia on Friday recorded just 383 new coronavirus cases and 14 deaths, representing some of the lowest figures seen in the Kingdom since […]
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IMF Sees Contraction in 2021 for Middle East Economies, With Oil Prices in $40-$50 Range
- October 20,2020
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- SUSTG Team
The International Monetary Fund (IMF) downgraded its outlook for Middle East and Central Asian economic recovery, predicting a 4.1% contraction for the region as a whole, according to latest data released by the international organization.
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Saudi Aramco in Talks with BlackRock, Others for $10 Billion Pipeline Deal
- October 14,2020
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- SUSTG Team
Saudi Aramco is in talks with U.S.-based global investment management corporation BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources told Reuters, although the deal is still in early stages.
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MUST-READS
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Women and SportsHow sports can change women’s rights in Saudi Arabia
Raha Moharrak is the first Saudi woman to summit Mount Everest. Now she's teaming up with Human Rights Watch to tackle another challenge -- changing the laws in her home country that prevent women from playing sports.
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Six-Day WarHow the Six-Day War Changed the Middle East
Egypt's disorganization and Jordan's outdated weaponry made it possible for Israel to dominate the battlefield.
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EntrepreneurshipSaudi scientist sees new generation of professionals sparking change
Hayat is the first Saudi and female scientist to become a UNESCO Goodwill Ambassador for sciences, which is in recognition of her work to create an ecosystem of entrepreneurship and social innovation for scientists, technologists and engineers in the Middle East.
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TadawulSaudi Stock Exchange Officially Transitions to T+2 Settlement Cycle
Saudi Stock Exchange (Tadawul) announced today the successful completion of its transition to a T+2 settlement cycle for all listed securities, which went into effect on Sunday, 23 April 2017
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SyriaSyria’s War Has Been a ‘Goldmine’ for North Korea—and Don’t Expect It to Change Anytime Soon
Weapons from North Korea have ended up in Syria, ultimately enriching the Kim regime and prolonging Bashar al-Assad’s grip on power.
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Vision 2030Sport, culture and entertainment: Driving tricky Saudi change
Saudi Arabia’s powerful deputy crown prince, Mohammed bin Salman, has put sports, culture and entertainment, at the cutting edge of his effort to culturally and socially take his conservative kingdom into the 21st century.
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Earth HourEarth Hour: Saudi Arabia goes dark to shine light on climate change
Cities across Saudi Arabia marked Earth Hour on Saturday by asking households and businesses to turn off their non-essential lights for an hour, as part of the world’s largest event dedicated to the environment.
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SyriaSix decisive points that changed Syria’s war
What began as calls for change on the streets swiftly became a multi-national battleground, which has left more than 300,000 people dead and millions displaced.
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Iran in the GulfU.S. Navy ship changes course after Iran vessels come close: U.S. official
Multiple fast-attack vessels from Iran's Islamic Revolutionary Guard Corps came close to a U.S. Navy ship in the Strait of Hormuz on Saturday, forcing it to change direction, a U.S. official told Reuters on Monday.
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H.R. McMasterHow McMaster Could Change the Way the US Goes to War
“If you look across our history, American military forces, except in conflicts where the political objective was very narrowly circumscribed, we’ve had to consolidate gains,” he says.
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