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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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Saudi Women DriversOnce Shunned as ‘Drivers,’ Saudi Women Who Fought Ban Now Celebrate
They were arrested, suspended from jobs, shunned by relatives and denounced by clerics as loose women out to destroy society. Their offense? They did what many in Saudi Arabia considered unthinkable: getting in cars and driving.
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Driving Ban LiftedCommentary: What drove Saudi Arabia to lift driving ban? It’s not all about women.
Under the Sept. 27 edict, the new policy is to be reviewed by a ministerial committee and is to be enforced by June 24, 2018, a few days after the Eid holiday. Critically, a male guardian or relative will neither be required for women to receive a driver’s license nor be present as a passenger for women to drive.
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Saudi Women DriversCar Makers Woo Millions of Saudi Women as Driving Ban Ends
Saudi Arabia’s decision last week to allow women to drive has opened up a large market for automobile companies searching for growth, and the competition has already begun.
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Driving Ban LiftedBattle of the sexes: Saudi men react to women driving – Politics & Economics,Transport,Culture & Society,Middle East
With many carrots and some sticks, ultra-conservative Saudi Arabia seeks to tackle entrenched male attitudes towards women drivers before millions take the wheel, many for the first time, next June.
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Driving Ban LiftedAllowing Saudi women to drive will save $5.3 bn annually: Official
Abdullah Ahmed Al-Moghlooth, a member of the Saudi Economic Association (SEA), praised King Salman’s decision to allow women to drive, saying he believes this can save the Kingdom SR20 billion ($5.3 billion) per year.
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Driving Ban LiftedTo This Saudi Startup, Allowing Women To Drive Is A Game Changer
Unsurprisingly, Saudi Arabia has the largest gender imbalance in labor force participation among G20 countries. Only 1.9 million of its 13.1 million women participate in the workforce — a labor participation rate of 20.2% — compared with 77.8% for men, according to G20 Labor Market Report 2016.
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Driving Ban LiftedDriving force: 3 best ways for Gulf marketers to target Saudi women
This move opens up a whole new segment of customers – something that becomes all the more significant when one considers that women make up 43 per cent of the Saudi population. And, according to figures by Euromonitor, more than 67 per cent of them are aged between 15 to 64 years.
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Women DrivingEven in Saudi Arabia, Women Are in the Driving Seat When it Comes to Buying a Car
The announcement last week that Saudi Arabia’s King Salman has lifted the ban on women driving doesn’t mean that females have had no real say in the country’s automotive market up until now. Just like in the rest of the world, women have a huge influence when it comes to vehicle purchases.
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Driving Ban LiftedEnd of Saudi Driving Ban Removes Key Roadblock for Women
The royal decree announcing a rollout to permit women driving by June 2018 provides the best indication yet that the Saudi leadership intends to seize upon this moment of generational transition in the kingdom to drive a broader transformation, securely under the authority and imprimatur of the ruling Al Saud family.
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Driving Ban LiftedSaudi university to open driving school for women
"Princess Nourah University is preparing to set up a driving school in cooperation with the relevant authorities," the women's university said on Saturday.
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