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Recent stories from sustg
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Understanding the Saudi-Iran agreement with a trio of special guests: Saudi Embassy Spokesperson Fahad Nazer, CSIS’ Dr. Jon Alterman, and Saudi Foreign Policy Expert Dr. Aziz Alghashian
- March 24,2023
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- SUSTG Team
Saudi Arabia and Iran recently agreed to normalize ties between the two regional powers after seven years. The 966 speaks with three top voices to understand the deal and the potential road ahead for Saudi Arabia, Iran, China, the United States, and other regional and global players.
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Iran’s Government Proposes Three Locations for Meeting of Foreign Ministers; Riyadh Reportedly Invites President to Visit
- March 20,2023
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- SUSTG Team
The Iranian government has proposed to Saudi Arabia three locations for a meeting of foreign ministers, according to Iran’s foreign minister, as the two countries move forward with re-establishing ties.
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Saudi Arabia Records 31 Percent Rise in Government Revenues in 2022 – MOF
- March 9,2023
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- SUSTG Team
Saudi Arabia recorded a 31 percent rise in government revenues to reach SR1.26 trillion ($335.6 billion) in 2022, the Ministry of Finance said on Thursday.
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Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Makes Surprise Visit to Ukraine, Signs Deals
- February 27,2023
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- SUSTG Team
Saudi Arabia’s foreign minister Prince Faisal bin Farhan Al-Saud made a surprise visit to Ukraine’s capital, Kiev, and met with Ukraine’s President Volodymyr Zelenskiy, his chief of staff Andriy Yermak, his Ukrainian counterpart Dmytro Kuleba, and others.
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Lydia Ko Wins 2023 Aramco Saudi Ladies International with One Shot Victory at Royal Greens
- February 20,2023
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- SUSTG Team
Lydia Ko fired a final round of 68 (-4) to win the 2023 Aramco Saudi Ladies International presented by Public Investment Fund by one stroke.
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FDI Inflows into Saudi Arabia Soar in 3Q 2022; MISA Says Investment Licenses Granted Up Over 50%
- February 7,2023
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- SUSTG Team
Saudi Arabia saw more positive economic news this week, as Foreign direct investment (FDI) inflows into the Kingdom rose 10.7% in the third quarter of 2022 over the same period a year earlier. Figures from the investment ministry showed FDI inflows totaled 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, up from 6.5 billion riyals […]
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Saudi Arabia’s PIF Remains 6th Largest SWF Globally, Latest Data Show
- January 30,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) now has assets worth $607.42 billion and is the 6th largest sovereign wealth fund in the world, according to latest data from the Sovereign Wealth Fund Institute.
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Real estate in Saudi Arabia, Riyadh’s $22.5 BILLION metro, and the Ronaldo-Messi-Mbappe game
- January 20,2023
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- SUSTG Team
In episode 72 of The 966, the Riyadh Metro project, the game-changing public transportation project in Saudi Arabia’s capital, “will be opened soon.” A discussion on the hot real estate market in Riyadh and across Saudi Arabia. Then, to kick off the program’s “Yallah!” segment, the hosts spend some time talking about the Dakar Rally, […]
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Saudi Arabia’s Ma’aden Forms JV with the Public Investment Fund (PIF) to Invest in Mining Assets Abroad
- January 11,2023
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- SUSTG Team
Saudi Arabia will establish a firm to invest in mining assets internationally, according to reports.
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Soccer Superstar Captain Cristiano Ronaldo Joins Saudi Club Al-Nassr
- January 2,2023
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- SUSTG Team
Portugal captain Cristiano Ronaldo has joined Saudi Arabian club Al Nassr on a 2-1/2 year contract, the club announced on Friday, after leaving Manchester United disgruntled with ownership and manager Erik ten Hag to become a free agent ahead of the World Cup.
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MUST-READS
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Aramco Trading CompanySaudi Aramco arm seeking to boost oil trading volumes by a third by 2022: executive
Aramco Trading Co.'s current volumes average 4.5 million b/d of crude and refined products, Ibrahim al-Buainain told reporters at the company's headquarters in Dhahran. Aramco Trading, which opened its second international office in Fujairah this year, said in a June statement it plans to trade 6 million b/d by 2021.
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PowerSaudi Aramco, ACWA Power to invest $3 bln to build LNG plant and terminal in Bangladesh
Saudi Aramco and ACWA Power signed a deal with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country. As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at a signing ceremony.
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Aramco/ACWASaudi Aramco, ACWA Power to invest $3 bln to build LNG plant and terminal in Bangladesh
Saudi Aramco and ACWA Power signed a deal with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country. As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at a signing ceremony.
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Aramco IPOSaudi Aramco delays planned IPO until after earnings update: sources
In a statement to Reuters on Friday, Saudi Aramco said: “The company continues to engage with the shareholders on IPO readiness activities. The company is ready and timing will depend on market conditions and be at a time of the shareholders’ choosing.”
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Saudi AramcoBanks warned over Saudi Aramco by environmental groups
Environmental groups have warned the banks linked to Saudi Aramco’s planned market float that they risk financing the destruction of the planet by supporting the public listing of the world’s biggest oil producer.
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Saudi AramcoTwo killed in incident at Saudi Aramco’s SASREF refinery
Saudi refiner SASREF, owned by state oil giant Saudi Aramco, said two contractors had died and two more were injured in “an incident” during maintenance work on Sunday, the company said in a statement on Tuesday.
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Saudi-IndiaSaudi Aramco interested in buying government’s stake in BPCL
The Indian government is looking at selling its 53.29 percent stake in BPCLNSE 0.90 % to a strategic investor in the biggest privatisation bid in the history of India.
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Saudi AramcoSaudi Aramco says its growth lies in natural gas, refining and chemicals
“Cost reduction is a driver for us … but future [profit growth] will be more from diversification into integrated oil refining and petrochemicals, besides natural gas production and supply for both the domestic and international markets,” Mohammed Al Qahtani, senior vice-president for upstream operations at Aramco, said during a visit to the company’s site in Dhahran, Saudi Arabia.
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Aramco IPOSaudi Arabia may only sell 2% of Aramco. It could still be the biggest IPO on record
Though official details have not been announced, analysts expect that Saudi Arabia will list between 1% and 2% of Saudi Aramco on the Tadawul exchange in Riyadh by the end of the year. An international listing, possibly in Tokyo, could follow in 2020 or 2021.
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Saudi AramcoSaudi Aramco says full oil production capacity will return by end Nov
Saudi Arabia’s full oil production capacity will be recovered by the end of November, Saudi Aramco CEO Amin Nasser said at the Oil & Money Conference in London on Wednesday. Aramco’s maximum production capacity is 12 million barrels per day (bpd), though the OPEC kingpin has been pumping significantly below that level as part of a coordinated agreement OPEC and non-OPEC producers to lower output and keep a floor under falling oil prices.
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