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Green Riyadh Project Launches as Authorities Eye Ambitious ‘Giga’ Tree-Planting Initiatives
- December 29,2022
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- SUSTG Team
Authorities in Saudi Arabia’s capital Riyadh launched the Green Riyadh project, one of four giga-projects for the city and region: an ambitious tree-planting strategy to “greenify” many parts of the Kingdom’s largest city, according to a report from the Saudi Gazette.
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Bill Foster from the Jones Group Saudi Arabia and Chairman of AmChamKSA joins The 966
- December 16,2022
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- SUSTG Team
Captain Bill Foster, USN (retired) is President of Jones Group Middle East, a wholly owned subsidiary of Jones Group International, and is Chairman of the The American Chamber of Commerce Saudi Arabia (AmCham Saudi Arabia). Foster joins The 966 from Riyadh, where he talks about the changes ongoing in the Kingdom and the important work […]
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Saudi Arabia’s Sindalah Island, Neom’s ‘Yachting Hub’, to Open in 2024 with Golf Course, 40 Restaurants
- December 6,2022
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- SUSTG Team
Saudi Arabia’s Sindalah Island, off the coast of NEOM in Saudi Arabia, will open by 2024 and will include a beach club, yacht club and almost 40 restaurants, new details released about the project yesterday confirm.
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HRH Prince Turki Al-Faisal Al-Saud talks about his father King Faisal’s legacy, the King Faisal Foundation’s decades of work, and U.S.-Saudi relations
- December 2,2022
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- SUSTG Team
An interview and conversation with the legendary HRH Prince Turki Al-Faisal Al-Saud, who joins The 966 to share some stories and his anecdotes about his late father, King Faisal bin Abdulaziz Al-Saud. King Faisal’s death lead his sons to create the King Faisal Foundation to honor his visionary legacy and generous spirit. HRH Prince Turki […]
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Saudi Arabia Stuns World With Upset Win Over Argentina in Qatar World Cup Opener; King Salman Declares Wednesday a Holiday
- November 22,2022
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- SUSTG Team
In what some analysts are already classifying as one of the greatest upsets in the history of the World Cup, Saudi Arabia stunned tournament favorite Argentina, 2-1, in its opening match at Lusail Stadium in Doha.
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Saudi Economy Continues Growth Streak as Non-Oil PMI Continued in Expansion Mode in September – Jadwa Chartbook
- November 1,2022
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- SUSTG Team
Saudi Arabia’s non-oil economy continued to grow in September as data continues to point to 2022 being a year in which the Kingdom outperforms economies around the world in growth, according to the latest Jadwa Investment Chartbook for the month of September 2022.
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OPEC+ and the American uproar with Colby Connelly from Energy Intelligence, plus Riyadh Season’s big events and more…
- October 14,2022
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- SUSTG Team
Episode 62! Energy Intelligence’s Colby Connely joins The 966 to talk about oil markets, the big kerfuffle here in the United States caused by the OPEC+ decision, and some more on that hot topic. But first, the hosts discuss new statistics on Saudi Arabia’s population, Riyadh Season 2022, and then conclude as always with the […]
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Saudi Arabia’s Population Grows 9.3% in 2021, Officially Reaching 34 million
- October 11,2022
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- SUSTG Team
Saudi Arabia’s population reached 34 million people in 2021, according to a recent report by Saudi Arabia’s Ministry of Health and published in the Saudi Gazette, at an annual growth rate of 9.3%.
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Saudi Telecom Giant STC Plans $1 Billion in Investments to Transform Kingdom into Regional Data Hub – Report
- October 4,2022
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- SUSTG Team
Saudi Arabia’s Saudi Telecom Co. (STC), the Middle East’s most profitable mobile operator, “plans to spend about $1 billion to transform the kingdom into a regional data hub, and may sell a stake in its data hub, called Center3, business to finance the plans,” Bloomberg reports.
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Middle East Regional Carriers to Spend $765 billion by 2040 on Fleet Expansion, Boeing Says
- September 19,2022
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- SUSTG Team
Carriers in the Middle East are set to expand its fleet with an additional 2,980 commercial jets in the next two decades, spending upwards of $765 billion on new planes, major supplier Boeing said on Monday in Dubai. The new planes will be required to meet the strongly recovering demand for both passenger and cargo […]
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Aramco IPOSaudi central bank vets local lenders ahead of Aramco IPO – sources
SAMA is checking whether local banks have the capacity to handle demand for loans linked to the IPO, one of the sources said. Up to 6-7 million local investors are expected to participate in the listing, he added, but it is not clear how many of them will use credit to finance their share purchases.
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Aramco IPOCommentary: Why Saudi Arabia’s Delayed Aramco IPO Is No Ordinary Share Sale
The deal has been extensively marketed to international investors, according to people familiar with the plans, approaches have been made to potential key investors including Malaysia’s Petroliam Nasional Bhd. and China’s Sinopec Group and China National Petroleum Corp.
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Satorp RefinerySaudi Aramco Seeks to Refinance $2.2 Billion of Total JV Debt
The state-owned oil producer is seeking to cut the borrowing cost on the loans that were used to build the Satorp refinery, the people said, asking not to be identified because the discussions are private. The facility converts fossil fuels into building blocks for plastics.
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Oil Facility AttacksSaudi Aramco restored oil output to pre-attack level: trading unit chief
Oil output capacity was restored on Sept. 25, he told a conference in the United Arab Emirates’ city of Fujairah. Oil production was restored to its pre-attack level of about 9.7 million barrels per day or even “a little higher” to replenish inventories, he said.
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Aramco IPOSaudi Aramco Said to Approach Asian State Oil Majors on IPO
Saudi Aramco has approached Asian state oil producers including Malaysia’s Petroliam Nasional Bhd. and China’s Sinopec Group about potential cornerstone investments in its initial public offering, people with knowledge of the matter said.
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Saudi AramcoSaudi Aramco plans to pay base dividend of $75 billion in 2020
The document on Monday also mentioned the company’s “progressive royalty scheme”, with a marginal rate set at 15% up to $70 per barrel, 45% between $70 and $100, and 80% if the price rises higher.
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EthaneSaudi Aramco’s ethane supplies back to normal, say several petrochemical companies
Ethane supplies from Saudi Aramco have returned to normal levels Thursday, several petrochemical companies in Saudi Arabia announced in statements made on the Saudi stock exchange, Tadawul.
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Aramco IPOSaudi Aramco lures sovereign funds to hit $2 trillion IPO valuation – sources
State-owned Saudi Aramco has approached Abu Dhabi Investment Authority (ADIA), Singapore’s GIC and other sovereign wealth funds to invest in the domestic leg of the oil giant’s listing at it seeks to achieve a $2 trillion valuation, sources said.
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Saudi AramcoSaudi Aramco seeks project finance loan of more than $1 billion: sources
Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1 billion, two sources with direct knowledge of the matter said.
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Cyber SecuritySaudi Aramco Doubles Down On Cybersecurity As Threat Levels Rise
Al Fareed said the nature of the threats Saudi Aramco faces ranges from "state actors" to rogue individuals "trying their hand at ransomware attacks" with increasing frequency.
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