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Recent stories from sustg
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Report: Saudi Aramco Considering Tokyo For International Listing
- August 30,2019
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- SUSTG Team
Saudi Aramco is considering Tokyo as the international destination to list its shares, according to an exclusive report in The Wall Street Journal on Thursday. Saudi Aramco is “considering a plan to split the world’s largest IPO into two stages, offering a portion of its shares on the Saudi stock exchange later this year and following up […]
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Secretary Pompeo, Saudi Deputy Defense Minister Prince Khalid bin Salman Meet in Washington
- August 29,2019
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- SUSTG Team
Secretary of State Mike Pompeo and Saudi Deputy Defense Minister Prince Khalid bin Salman met in Washington D.C. yesterday to discuss the ongoing war in Yemen and other U.S.-Saudi defense related topics. “On Yemen, the Secretary reiterated U.S. support for a negotiated resolution between the Republic of Yemen government and the Southern Transitional Council, and thanked […]
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Almarai Company Solar Project Set to be Kingdom’s Largest, For Now
- August 22,2019
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- SUSTG Team
Saudi Arabia food and beverage conglomerate Almarai has completed a solar project which is being billed as Saudi Arabia’s largest to date, according to a report. The 15MW Al Kharj Solar project, built at a cost of SAR44.4 million (around $12 million), will generate 28GWh of solar power every year, according to the company. Almarai said Al […]
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Saudi Aramco Reports $47 Billion in Earnings; Plans to Buy Reliance Refining Stake
- August 12,2019
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- SUSTG Team
In its first-ever half-year earnings report, Saudi Aramco said the company had earned a net income of $46.9 billion in the first half of 2019, a 12 percent decrease from $53 billion in the period a year earlier, when oil prices were higher. Saudi Aramco partly attributed the decline in net income to a 4% fall in the average […]
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Senate Fails to Override Trump’s Veto of Saudi and UAE Defense Sale Bans
- July 30,2019
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- SUSTG Team
The U.S. Senate failed to override President Donald Trump’s vetoes of legislation passed by Congress that would have blocked the sales of certain weapons to Saudi Arabia and the United Arab Emirates, meaning the transactions may proceed forward. Supporters of the ban won a voice vote of 45-40 in the Senate, roughly 21 votes short of […]
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Trump Vetoes Three Bills Limiting U.S. Military Sales to Saudi Arabia and UAE
- July 25,2019
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- SUSTG Team
President Trump vetoed three congressional resolutions aimed at blocking his administration from selling billions of dollars of weapons to Saudi Arabia and the United Arab Emirates. “This resolution would weaken America’s global competitiveness and damage the important relationships we share with our allies and partners,” the president said in a statement on Wednesday. The arms package included […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 4: The Rock Art of the Ha’il Region
- July 19,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the fourth installment of the series of seven, Aramco Expats chose the […]
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Saudi Arabia approves new tendering and procurement law – report
- July 17,2019
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- SUSTG Team
Saudi Arabia’s government has approved a law to improve the way it procures contracts and services “by saving money, making the process fairer, and boosting local bidders,” Reuters reports, citing information from the Ministry of Finance. The new Government Tendering and Procurement law is an “important measure” within Vision 2030 reforms as it helps to improve the […]
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Dates Set for Saudi Arabia’s Future Investment Initiative 2019
- July 5,2019
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- SUSTG Team
Saudi Arabia’s Future Investment Initiative (FII) will take place from 29-31 October in Riyadh, the event’s official Twitter page said in an announcement. Dubbed “Davos in the Desert,” the FII brings together world leaders, investors and innovators will explore the opportunities, trends, and challenges shaping the global investment landscape. Attendees will gather to “continue to discuss the […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 3: Ad Diriyah
- June 28,2019
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- SUSTG Team
Over the course of seven weeks, SUSTG is publishing a series of posts highlighting the seven wonders of Arabia as selected and featured by AramcoExpats.com, an online blog that is a resource for current and former Saudi Aramco expatriates and their families. As the Kingdom prepares to open itself up to more visitors and boost its tourism industry in line with Vision […]
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MUST-READS
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Anti-ISIS CampaignThe US could finish off ISIS if Turkey would stop fighting the Kurds, Pentagon says
“I would not say that ISIS is gaining any momentum, but I would instead say the inevitable conclusion of this has been slowed by the fact that not so much rank and file, but some leadership has moved back up to the north.”
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TurkeyMystery lingers over Turkey’s missing weapons
According to the report, 2,198,774 individuals lost their vehicle registrations, gun licenses, driver's licenses and professional IDs last year, while 106,740 guns were recorded as either lost or stolen.
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TurkeyTurkey says will take Afrin centre in ‘very short time’
Turkey on Thursday said it would oust Kurdish militia from the centre of Afrin in northern Syria "in a very short time", as pro-Ankara forces surrounded the city.
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Incirlik Air BaseUS considering permanent cutbacks at Incirlik Air Base in Turkey
Informal restrictions by the Turkish military that make using the runway at Incirlik difficult, along with a deteriorating relationship between the two governments, contributed to a decision to scale back operations at the base, officials told the Wall Street Journal.
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TurkeyShock in Turkey after Basaran heiress, friends die in plane crash
Mina Basaran, 28-year-old daughter of Turkish billionaire businessman Huseyin Basaran, and her female friends were flying back to Istanbul after celebrating Basaran's bachelorette party in Dubai.
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Saudi-TurkeySaudi-Turkey ties take a turn for the worse
Turkey’s expanding military influence is raising fears in Saudi Arabia, the UAE and Egypt. Ankara now has three military bases in the region—in Qatar, Somalia, and a possible naval base in Sudan, directly opposite Saudi Arabia across the Red Sea and a potential threat to Egypt.
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SyriaKurdish-led forces in Syria withdraw from fight against ISIS to battle Turkey in Afrin
U.S.-allied forces in eastern Syria said Tuesday that they are withdrawing from the front lines of the war against the Islamic State in order to battle the United States’ NATO ally Turkey elsewhere in the country, jeopardizing the fight against the militants.
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TurkeyTurkey’s New Foreign Policy Is Hostage-Taking
Turkish hostage-taking has become one of the most pressing problems in relations between Ankara and its Western allies. It is something that everyone knows is happening, but political leaders and diplomats are reluctant to call it by its name.
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SyriaTurkey tightens grip on Syrian Kurdish enclave
Turkey’s prime minister says Turkish troops have captured a strategic village in the Kurdish-held enclave in northwestern Syria, tightening the grip on the area in the sixth week of its offensive on the area.
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TurkeyTurkey suffers deadly day in Afrin offensive
urkey suffered heavy losses on Thursday during its offensive against a Kurdish militia in northwest Syria, with the military announcing that eight soldiers were killed and 13 more wounded.
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