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Recent stories from sustg
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As Saudi Non-Oil Revenue Soars, Uncertainty Looms Over Oil Market
- October 30,2020
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- SUSTG Team
Saudi Arabia saw a significant boost in non-oil revenue in the third quarter of this year, with an increase of 63% year-on-year to SR123 billion ($32.8 billion), new data shows, an encouraging trend for policymakers as the market for oil continues on an uncertain path in the face of a global pandemic and global economic slowdown.
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Images: Architect Jean Nouvel Reveals Design for Sharaan Resort in Al-Ula, Saudi Arabia
- October 28,2020
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- SUSTG Team
French architect Jean Nouvel unveiled his design for Sharaan, a new resort hidden within the rock dwellings of Al-Ula, a cultural oasis in north-west Saudi Arabia.
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Top Names in Golf Commit to Saudi International Tournament in February
- October 27,2020
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- SUSTG Team
Saudi Arabia’s annual golf tournament secured two of the sports top names to compete in February, winning commitments from the world’s top-ranked golfer and the latest major championship winner on Monday to play in the Saudi International. Dustin Johnson, the world’s number one golfer, and Bryson DeChambeau, who won the U.S. Open by six strokes in […]
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Arab News Launches ‘Research and Studies’ Unit to Deliver ‘Thought-Provoking Studies by Experts on Regional Affairs’
- October 13,2020
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- SUSTG Team
Arab News, Saudi Arabia’s leading English-language daily news publication, has announced the establishment of a new Research and Studies Unit (RSU) which will “deliver thought-provoking studies written by a team of acclaimed resident and non-resident experts on a number of regional affairs,” according to a press release from the company.
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U.S. Again Tops Arms Exporters to the Middle East, Saudi Arabia, Report Says
- September 25,2020
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- SUSTG Team
A newly released report by the Center for International Policy finds the U.S. dominated arms and defense exports to the Middle East region between 2015-2019, accounting for nearly half of all deliveries of major weapons systems.
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G20 Trade and Investment Ministers Meet as Kingdom Reportedly Suggests Delay Main Summit until December
- September 22,2020
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- SUSTG Team
Trade and Investment Ministers from the G20 held a meeting today under the Saudi G20 Presidency to strengthen trade and investment policy cooperation towards an inclusive and sustainable economic growth amid the COVID-19 pandemic.
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Saudi Arabia’s Oil Exports to the U.S. Hit 35-Year Lows as Goldman Sees Oil at $65 Next Year
- September 2,2020
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- SUSTG Team
Saudi Arabia’s oil exports to the United States fell nearly 50% year-on-year in August 2020, reaching a 35-year low in oil imported from the Kingdom, according to CNN which cited info from ClipperData.
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Brent Oil Reaches 5 Month High as Saudi Aramco Announces Discovery of Two New Oil and Gas Fields
- August 31,2020
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- SUSTG Team
The price of oil on the UK’s Brent Oil index reached a 5-month high on Monday as supply output cuts continue to push the price of oil higher, according to reports.
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PIF Sets Up New Real Estate Subsidiary to Help Meet Increasing Local Demand for Housing
- August 20,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) said it had set up a new real estate subsidiary, called “Roshn,” to help meet increasing local demand for housing, according to reports.
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Saudi Mega-city NEOM Signs Agreement with US-based Bechtel for Executive Project Management Work
- August 12,2020
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- SUSTG Team
Saudi Arabia’s futuristic mega-city NEOM has awarded a contract to U.S.-based Bechtel for executive project management work on the development of the primary, base infrastructure for NEOM, according to a press release issued by NEOM.
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MUST-READS
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Saudi WorkforceWhy young Saudis turn down blue-collar jobs
“Based on a survey, there are at least five reasons why young Saudi males turn down menial jobs,”
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Ras TanuraSaudi Arabia’s Ras Tanura port reopens after shutdown
Saudi Arabia's Ras Tanura port reopened on Tuesday as weather conditions improved, two shipping industry sources told Reuters.
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Jeddah Real EstateJeddah property market set to see slowdown in 2015
Most real estate sectors in Jeddah are forecast to see a slowdown in growth over the next six months as prices near their peak, according to Jones Lang LaSalle (JLL).
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Non-oil ExportsSaudi non-oil exports down 19pc in Feb
Saudi Arabia's non-oil commodity exports amounted to SR14.207 billion ($3.785 billion) in February 2015, a decline of 19.9 per cent compared to the same period of 2014, government data said.
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Turkey and SyriaDespite Crackdown, IS Says Turkey-Syria Border Still Open
The message comes amid signs of increased efforts by IS -- including Russian-speaking militants -- to attract new recruits to come to Syria, and increased efforts by Turkey to crack down on those trying to cross the Turkish border into Syria illegally.
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Real Estate ReformSaudi King Takes On Cozy Landowners to Revive Homebuilding
The cost of land in Saudi Arabia accounts for as much as 60 percent of the overall cost of a property compared with global average of around 25 percent, according to Mazen Al-Sudairi, the head of sell-side research at Alistithmar Capital, a unit of The Saudi Investment Bank.
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MaadenMaaden shuts down ammonia plant
Saudi Arabian Mining Co. (Maaden) said on Tuesday that a subsidiary had been forced to shut down an ammonia plant in the east of the Kingdom so that unscheduled maintenance could take place on its cooling facility.
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MERSMERS infection, death rates slowing down, says Saudi govt
The rate of new Middle East Respiratory Syndrome Coronavirus (MERS-CoV) infections and deaths have slowed down, the Ministry of Health announced on its official website.
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Saudi AramcoSaudi Aramco Shares Strategies for Navigating Economic Downturn at MEOS 2015
“The challenge of keeping up during a downturn is more complicated today than ever before,” he said. “But we have seen how that approach to a spending crunch plays out. Indeed, we are still living with the consequences. The reduced investment in technology and talent that characterized the 1980s and early ‘90s should remind us that repercussions can be lasting.”
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Saudi AramcoSaudi Aramco Senior VP Buainain Steps Down-Sources
Saudi Aramco’s senior vice president for technical services Khalid al-Buainain has left the company, industry sources said. Ahmad al-Sa’adi will take over Buainain’s role in the company as acting head for technical services until the end of August this year.
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