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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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TurkeyEU Commission to recommend Turkey visa-free deal
The European Commission is set to recommend granting visa-free travel for Turkish citizens inside Europe's passport-free Schengen area, despite unease among some EU lawmakers.
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Turkish Base in QatarSeeing shared threats, Turkey sets up military base in Qatar
Ahmet Demirok, Turkey's ambassador to Qatar, told Reuters in December that some 3,000 ground troops would be stationed at the base as well as air and naval units, military trainers and special operations forces.
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TurkeyFemale Suicide Bomber Injures 13 in Turkey
A female suicide bomber wounded at least 13 people when she blew herself up near the main mosque in the northwestern Turkish city of Bursa on Wednesday, officials said, the fifth suicide bombing in a major urban center this year.
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Migration CrisisMerkel’s Turkey visit aims to soothe tensions on EU migrant deal
German Chancellor Angela Merkel will use a visit to Turkey this weekend to try to soothe tensions over a deal meant to stem the flow of migrants to Europe, as questions about its effectiveness and long-term viability mount.
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TurkeyDespite deep divides over Syria, Turkey rolls out the welcome mat for Iran
Turkey and Iran are engineering a partial rapprochement, an effort that was on display as Iran’s President Hassan Rouhani arrived in Istanbul for an April 14-15 summit of the Organization of Islamic Cooperation (OIC).
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Saudi-TurkeySaudi Arabia, Turkey cementing new political alliance
Once chilly ties between Turkey and Saudi Arabia have improved rapidly over the past year, with an increased likelihood that the two nations would spearhead a new political front to tackle terrorism and other regional challenges, according to experts and officials from both countries.
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Saudi-TurkeySaudi King Salman meets Turkey’s Erdogan
Saudi Arabia’s King Salman bin Abdulaziz was welcomed by President Recep Tayyip Erdogan after arriving in Turkey’s capital Ankara on Monday.
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Turkey-IsraelTurkey, Israel expected to restore ties soon
Turkey’s Foreign Ministry says Turkish and Israeli officials have made progress on an agreement to normalize frayed ties and that a deal is expected to be reached soon.
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Erogan VisitTurkey’s Erdogan came to Washington, and things got a bit crazy
But the event was seemingly upstaged by proceedings outside the venue, where protesters appeared to clash with Erdogan supporters, as well as the controversial Turkish leader's security detail.
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TurkeyPentagon and State Department order families of U.S. troops and diplomats to leave Turkey
The United States will withdraw virtually all family members of U.S. troops and diplomats from its installations in Turkey, U.S. officials said Tuesday, citing security concerns as the campaign against the Islamic State continues.
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