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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-IndiaSaudi Aramco in talks for 25 per cent of Reliance’s refining, petrochemical units: Report
India is the world's third largest consumer of crude oil after the US and China, with daily use topping 4 million barrels per day (bpd).
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Saudi AramcoAramco plans to buy Shell’s stake in Saudi refining JV: sources
Saudi Aramco plans to buy Royal Dutch Shell’s 50 percent stake in Saudi refining complex SASREF, a joint venture between the firms, two sources said on Wednesday.
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Saudi AramcoSaudi Aramco increases gasoline prices starting April 14
Riyadh roughly doubled domestic prices a year ago in an effort to boost energy efficiency, part of economic reforms aimed at weaning the world’s top crude exporter away from oil.
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Saudi-South KoreaSaudi Aramco buys $1.2 billion stake in South Korean refiner
The refinery complex in the western coastal city of Daesan, where Hyundai Oilbank’s major facilities are located, has a processing capacity of 650,000 barrels per day.
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Aramco $ BondAramco’s Bond-Sale Billions Make Saudi Stock Inflows Look Tiny
The $12 billion in bonds sold this week by the world’s most profitable company exceeds by more than three times net inflows from foreigners investing in the Saudi Arabian stock market, which has 203 traded securities.
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Aramco $ BondCommentary: Lessons learned in Saudi Aramco’s monster bond offering
In fact, the success of the bond could make an IPO more, not less, likely. In its 400-page prospectus, Aramco has gone maybe 75 percent of the way toward the kind of disclosure required in an IPO, which was always said to be one of the hurdles facing a market listing. The rest should be easy.
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Saudi AramcoSaudi Aramco Raises $12 Billion in Debut Bond Sale
Saudi Aramco raised $12 billion in its debut international bond Tuesday, according to people familiar with the sale, an issuance that sparked massive interest among investors eager to access the world’s most profitable company.
- Reuters - Saudi Kingdom Holding CEO says didn't buy Aramco bonds
- Bloomberg - The $100 Billion Man: Aramco CEO Delivers Record-Breaking Bond
- CNBC - The monster Aramco bond offering may have just doomed the Saudi oil giant’s IPO
- Financial Times - Saudi Arabia still faces investor unease amid Aramco bond rush
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Aramco $ BondSaudi Aramco stuns with $100 billion demand for debut global bond
The state-owned oil giant is marketing a U.S. dollar-denominated debt issue split into six tranches with maturities ranging from three to 30 years.
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Saudi AramcoSaudi Aramco attracts $30bn demand for expected $10bn bond issue
Saudi Aramco’s impending debut international bond has already drawn tens of billions of dollars of demand from investors, who are putting aside concerns over close linkages with a repressive state government to back the world’s most profitable company.
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Saudi AramcoSaudi Aramco Set for Mega Debt Deal Pitched by JPMorgan’s Dimon
In a bond sale closely watched by investors globally, Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering this week. Early indications suggest investors are already crowding in.
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