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Recent stories from sustg
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OPEC Continues to Forecast Robust Global Oil Demand Growth in 2022 and 2023
- September 13,2022
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- SUSTG Team
In its latest monthly report, OPEC stuck to its forecasts for robust global oil demand growth in 2022 and 2023, citing signs that major economies were faring better than expected despite global headwinds such as surging inflation, Reuters reports.
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Saudi GDP Up 12.2% in Second Quarter, Exceeding Initial Estimate, as ‘Boom Spreads Beyond Oil’
- September 7,2022
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- SUSTG Team
Saudi Arabia’s real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, new data revealed on Wednesday, as the Kingdom continues to see growth from high oil prices that is now spreading to the private sector.
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Report: Israeli Energy Companies Create JV for Saudi, Gulf Push
- August 16,2022
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- SUSTG Team
Israeli companies Enlight Renewable Energy Ltd. and natural gas producer NewMed Energy LP plan to jointly develop renewable energy projects in North Africa and the Middle East, including in Saudi Arabia and Oman, Bloomberg reports.
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Saudi Arabia Expected to Join $1 Trillion+ Economies in 2022
- August 9,2022
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- SUSTG Team
Saudi Arabia’s economy is expected to cross the $1 trillion mark, joining the largest economies in the world as the Kingdom’s GDP is expected to soar in 2022 on the back of high oil prices.
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Saudi Arabia Eyes Hosting of 2026 Women’s Asian Cup
- August 1,2022
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- SUSTG Team
Saudi Arabia has joined Australia, Jordan and Uzbekistan as nations who have expressed interest in hosting the 2026 Women’s Asian Cup, the Asian Football Confederation (AFC) said on Monday as reported in Reuters.
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Crown Prince Mohammed bin Salman, Russian President Putin Speak by Phone
- July 22,2022
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- SUSTG Team
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone on Thursday and underlined the importance of further cooperation within the OPEC+ group of oil producers, Reuters reports, citing a release from the Kremlin.
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The 966 Episode 51 with economist and longtime observer of Saudi Arabia, Dr. John Sfakianakis
- July 8,2022
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- SUSTG Team
In episode 51, The 966 chats with our long-time friend and longtime economist and observer of the Kingdom, Dr. John Sfakianakis. John is the chief economist and head of research of the Gulf Research Center in Riyadh, Saudi Arabia, and is a professorial fellow at Cambridge. He’s also an associate fellow with the Middle East […]
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Saudi Arabia Welcomes Largest Pilgrimage Since Pandemic’s Start
- July 5,2022
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- SUSTG Team
Up to one million people, including 850,000 from abroad, are visiting Saudi Arabia for the Hajj Pilgrimage, in what is the largest gathering of pilgrims since the start of the pandemic curbed the ability for Saudi Arabia to host.
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U.S. Department of Commerce and Saudi Ministry of Commerce Announce Plan to Deepen Commercial Cooperation
- June 16,2022
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- SUSTG Team
The U.S. and Saudi Arabia announced a new plan for cooperation between the two nations aimed at deepening the bilateral commercial relationship, per a press release.
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It’s Official: President Biden to Visit Saudi Arabia July 15-16 2022; will Meet with King Salman, Crown Prince Mohammed bin Salman
- June 14,2022
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- SUSTG Team
President Biden will be conducting an official visit to the Kingdom of Saudi Arabia on July 15-16, a statement from the White House and separately from Saudi Arabia’s royal court confirmed, capping weeks of behind-the-scenes work to arrange for the visit.
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MUST-READS
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Saudi AramcoSaudi Downstream Forum: New Era of Diversification
Saudi Aramco’s strategy is to strike a better balance between its unparalleled upstream capacity of 12 million barrels of crude oil per day and its current refining capacity of 5.4 million barrels per day of crude oil in-Kingdom and worldwide.
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Gulf EconomiesAnalysis: Blood in the Water: Speculation on Gulf Currency Pegs Misses First Victims of Downturn
GCC states’ economies grew at a compound average rate of 5.8 percent per year between 2000 and 2012.
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International Women's Day CollectionPerspective: A Personal Window to Saudi Women On the Rise
We may not be all the women of Saudi Arabia, but we are definitely a good representation of the persistence and ambition of Saudi women, and of greater things to come.
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U.S.-IsraelNetanyahu turns down Obama meeting and cancels US trip
Netanyahu had been expected to visit the US in March on a trip coinciding with a major pro-Israeli group’s annual summit.
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Anti-ISIS CampaignUndercover teams, increased surveillance and hardened borders: Turkey cracks down on foreign fighters
Over the past year, Turkey has launched a broad crackdown on militants streaming across its territory.
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Moody'sMoody’s places Saudi Arabia’s Aa3 rating on review for downgrade
During the review, Moody's will assess the extent of the impact of the further sharp fall in oil prices, which Moody's expects to remain low for several years, on Saudi Arabia's economic performance, its government balance sheet, and its balance of payments in the coming years.
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Saudi-RussiaJudging the Saudi-Russia Oil Freeze Comes Down to Binoculars
Judging the supply of the world’s most important commodity often comes down to a good set of binoculars.
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Saudis AbroadMany Saudi students settle down in US; reasons differ
Saudi Arabia is the fourth among countries that have sent the largest number of students to the US for higher studies. China holds the first position, accounting for 31 percent of international students in the US, followed by India with 12 percent, South Korea with 8 percent and KSA with 6 percent.
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Retail and Social MediaOnline apps provide instant window to Saudi businesswomen
Women have been able to successfully market their products such as confectionary, food, clothing and handicrafts, while others have been able to grow their small businesses, that began on social media, and transform them into concrete and successful entities.
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AQAPOsama Bin Laden’s Files: AQAP emir foreshadowed 2011 takeover of southern Yemen
Wuhayshi then went on to outline the “regions” in Yemen where AQAP is “centralized.” First on his list was Abyan, “which is considered one of the largest area in which we have supporters, presence, and many members, and we have more influence than the Hirak southern secessionist forces.”
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