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Recent stories from sustg
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Saudi Aramco Energy Ventures Prepares New $500m Fund, Opens Office in China
- January 13,2020
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- SUSTG Team
Saudi Aramco Energy Ventures (SAEV), a unit of the kingdom’s energy company, is preparing to start a new $500 million fund this year after completing $500m in investments, Bloomberg reports.
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Riyadh’s Night Skies Light Up with New Years Fireworks for the First Time
- January 1,2020
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- SUSTG Team
The night sky over Riyadh was illuminated with fireworks and light shows to celebrate the beginning of the new decade last night.
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Unemployment declines in Saudi Arabia, further gains seen in 2020 – Jadwa Investment
- December 18,2019
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- SUSTG Team
Unemployment in Saudi Arabia declined in the 3q 2019 and is likely to continue to improve as a pick-up in the non-oil private sector growth should translate to more jobs, according to a recent report from Jadwa Investment.
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Pensacola Shooting Puts U.S.-Saudi Relations in Spotlight; Trump Speaks with King Salman and Crown Prince
- December 9,2019
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- SUSTG Team
A Saudi soldier in training in the United States opened fire on a naval base in Pensacola, Florida on Friday, killing three and wounding 12. Second Lt. Mohammed Saeed Alshamrani was then killed by a sheriff’s deputy who responded to the attack. The attack shocked Saudis and Americans alike.
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Saudi Economy: Consistent Growth in Non-Oil Activity, Modest Overall Growth Forecasted for 2020 — Jadwa Investment
- November 27,2019
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- SUSTG Team
Jadwa Investment has revised downward its forecast for economic growth in Saudi Arabia this year from 1.6% to 0.2% based on recent data, the Riyadh-based firm said in a recently-released report.
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China’s Imports of Saudi Oil Soar 76% in October as Demand Increases
- November 25,2019
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- SUSTG Team
China’s crude oil imports from Saudi Arabia rose over 75% in October as demand from new refiners was met by the Kingdom, according to Reuters data. The 76.3% rise in October was boosted by demand particularly from from two new integrated refineries, the Hengli Petrochemical Co. in the north, and Zhejiang Petrochemical in the south, Reuters reports. […]
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Aramco Quickly Met Global Demand After Attacks, Saudi Arabia’s King Salman Says in Annual Address
- November 20,2019
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- SUSTG Team
Saudi Arabia’s King Salman said in his annual address to the Shoura Council on Wednesday that the ability of Saudi Aramco to quickly restore oil production capacity after attacks on its facilities in September “had proven the kingdom’s ability to meet global demand during any shortage,” Reuters reports. The King pointed a finger at Iran […]
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Saudi Arabia’s PIF Reportedly Invests $400m in Disruptive Food Startup Founded by Travis Kalanick
- November 8,2019
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- SUSTG Team
Saudi Arabia’s Public Investment Fund has invested $400 million into Uber founder Travis Kalanick’s new company CloudKitchens, according to the Wall Street Journal. CloudKitchens is a food and real estate startup that buys cheap properties across the U.S. and in India, China, the U.K. and elsewhere. “The hope is that their proximity to densely populated areas will make them […]
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Defense Secretary Esper in Riyadh for Surprise Visit; Kushner, Mnuchin to attend Future Investment Initiative
- October 22,2019
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- SUSTG Team
Secretary of Defense Mark Esper arrived Monday in Saudi Arabia for an unannounced visit as the U.S. and Saudi Arabia seek to bolster their joint defense in the face of rising regional tensions. Secretary Esper met with Saudi Arabia’s King Salman in Riyadh, photos show, and Esper said he discussed the deployment of U.S. forces and […]
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Law Firm Pillsbury Analyzes First Cases in Saudi Arabia’s New Bankruptcy Law
- October 11,2019
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- SUSTG Team
Law firm Pillsbury published a research note highlighting the recently passed bankruptcy law in Saudi Arabia that incorporated modern alternatives to liquidating businesses in the Kingdom, using the first cases decided by the Saudi judiciary as case studies. “For several years now, judges in [bankruptcy] courts have been involved in seminars and training workshops to help prepare them to rule […]
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MUST-READS
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WomenSmall to medium companies “not fit to employ Saudi women,” advisor to MoL says
Business sectors in the Kingdom with less than 500 workers are not fit to employ women, at least according to assessments made by the Ministry of Labor’s adviser.
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WomenSaudi Women Still Can’t Drive, But They Are Making It To Work
The sign on the door to the office of eTree, an online advertising agency in Saudi Arabia's capital, Riyadh, reads: "Girls Only."
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Women in Saudi ArabiaMovement Grows In Saudi Arabia To Create Jobs For Women: Audio
Saudi women are increasing their presence in the country's workforce. One striking example is a successful online advertising agency that was started in 2011. The company only recruits women.
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Elections in Saudi ArabiaThirty women to run in Saudi municipal vote
he next municipal council elections are expected to have at least 30 women candidates standing for seats all over the Kingdom, the Makkah daily reported.
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Saudi Women DrivingTwo Saudi Women Who Were Detained for Defying a Driving Ban Have Been Freed
Two women’s-rights campaigners from Saudi Arabia, who were detained for defying a ban on female driving, have been released after spending two months in prison, a fellow activist said on Friday.
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Saleh al-SadoonWhat is the relation between Saudi women driving and rape?!
When reputable Arab television channels are being used as a platform for a clown of the caliber of Saudi historian Saleh al-Sadoon, one wonders whether our job is inform, stimulate minds and raise questions or simply serve as meaningless, yet somewhat entertaining, optical chewing gum for the masses.
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Women in the WorkforceWomen constitute only 13% of Saudi workforce
Saudi women occupy only 13 percent of private and public positions occupied by nationals despite accounting for 51 percent of Saudi graduates, according to statistics from the Central Department of Statistics and Information.
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GE in SaudiSaudi careers: GE eyes talented women university graduates
We have Saudi women who work for us at the GE Manufacturing Technology Center in Dammam. We have lots of talented Saudi women who work for GE not just in the Kingdom but in other countries. We are very pleased with their caliber. We also are pleased with the observations that we get from our partner TCS, which operates over a hundred facilities around the world that perform activities similar to what we are performing in Riyadh at the business process center. They report that the quality of the work at the center compare favorably with the centers that they operate around the world. So that’s an even better report card.
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WomenBusinesswomen Navigate Traditions in Saudi Arabia
That makes for an interesting backdrop, as more women are traveling to Saudi Arabia on business these days. And they are encountering the laws that limit the social and physical mobility of women in the kingdom, where it is illegal for a woman to drive a car.
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Raif BadawiSaudi frees women’s rights activist close to blogger
A woman who co-founded the Saudi Liberal Network Internet discussion group with blogging activist Raef Badawi has been freed after about three months in prison, her daughter said Sunday.
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