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Recent stories from sustg
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Saudi Arabia, France Announce ‘Major Partnership’ for Al-Ula Development
- October 8,2019
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- SUSTG Team
France and Saudi Arabia have announced a “major partnership” to develop the area of Al-Ula, a historic site in the Kingdom that is part of its push to bring in tourists and open the Kingdom up to investment. According to The National, the new partnership will take place in three phases, with the first being completed in […]
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Travelers Arrive in Saudi Arabia on Newly-Issued Tourist Visas
- October 2,2019
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- SUSTG Team
First visitors have arrived in Saudi Arabia on new tourist visas as Saudi Arabia looks to attract visitors and investment into the Kingdom. Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. […]
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King Salman Opens Jeddah Airport’s New Terminal
- September 25,2019
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- SUSTG Team
Saudi Arabia’s King Salman opened and toured a new terminal at King Abdulaziz International Airport in Jeddah on Tuesday as the Kingdom continues to invest in ambitious plans to transform its tourism sector. The new King Abdul Aziz International Airport Terminal 1 (KAIA Terminal 1) in Jeddah is one of the biggest infrastructure projects undertaken […]
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Trump says he does not want war with Iran, but says Tehran ‘likely’ behind attacks
- September 17,2019
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- SUSTG Team
President Donald Trump said on Monday it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, according to reports, as the world watches how the Kingdom and its allies may respond to Saturday’s strikes. “It’s certainly looking that way at this moment,” Trump […]
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World’s Largest Fund Manager BlackRock Opens Office in Saudi Arabia
- September 5,2019
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- SUSTG Team
BlackRock, the world’s largest fund manager, has opened an office in Saudi Arabia, according to reports, as the company continues forward with plans to capitalize on the government’s economic reforms. A company spokeswoman told Reuters the BlackRock Riyadh office had “opened recently and is headed by Yazeed Almubarak,” the news service reports. Almubarak previously worked at Morgan Stanley […]
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Video: Saudi Ambassador to the United States Princess Reema on how lack of financial self-sufficiency for women is #Solvable
- August 28,2019
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- SUSTG Team
A new video interview released by the Rockefeller Foundation as part of a series on solvable problems around the world features Saudi Arabia’s new Ambassador to the United States, Princess Reema bint Bandar, discussing the issue of a lack financial literacy for women across the world. “Today more and more women are entering the workplace, […]
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Houthis attack Saudi oilfield with drone, but output ‘unaffected’
- August 19,2019
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- SUSTG Team
Oil prices rose for the second straight day as a drone attack launched by Yemen’s Houthi group on an oilfield in eastern Saudi Arabia on Saturday caused a fire at a gas plant, Reuters reports, but the attack “had no impact on oil production.” Energy Minister and Chairman of Saudi Aramco Khalid Al-Falih said the targeted […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 7: Ar Rajajil—The Stonehenge of Saudi Arabia
- August 9,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the final post of the series of seven, Aramco Expats chose the “Stonehenge of […]
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Houthis Reportedly Attack Dammam in Saudi Arabia, Military Parade in Yemen
- August 1,2019
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- SUSTG Team
Yemen’s Houthi group said on Thursday it had targeted a military site in Dammam, Saudi Arabia with a long-range missile and had launched a drone attack on a military parade in Yemen, which killed 30 people, according to reports. The attack in Dammam, which Houthis claim hit a military base, was not immediately confirmed by Saudi […]
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The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 5: Al-Hasa—’The Grandest Oasis of All’
- July 26,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the fifth installment of the series of seven, Aramco Expats chose Al-Hasa Oasis in […]
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MUST-READS
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Aramco-SabicThe Saudi Aramco-SABIC merger: How acquiring SABIC fits into Aramco’s long-term diversification strategy
There has been a division of labor in the kingdom’s chemical industry between Aramco and SABIC. Aramco mostly produces chemicals from the liquid products obtained from crude oil, mainly naphtha, which are then transformed by Aramco’s joint ventures—Sadara Chemical Company and Petro Rabigh. For its part, SABIC processes the various gases—mainly methane, ethane, propane, and butane—into hundreds of chemicals, including fertilizers.
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Saudi Aramco IPOAramco listing was delayed to rope in anchor investors: sources
Oil giant Saudi Aramco’s much-vaunted stock market listing was delayed after deal advisers said they need more time to lock in cornerstone investors, three sources with direct knowledge of the matter told Reuters.
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Aramco Trading CompanySaudi Aramco arm seeking to boost oil trading volumes by a third by 2022: executive
Aramco Trading Co.'s current volumes average 4.5 million b/d of crude and refined products, Ibrahim al-Buainain told reporters at the company's headquarters in Dhahran. Aramco Trading, which opened its second international office in Fujairah this year, said in a June statement it plans to trade 6 million b/d by 2021.
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PowerSaudi Aramco, ACWA Power to invest $3 bln to build LNG plant and terminal in Bangladesh
Saudi Aramco and ACWA Power signed a deal with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country. As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at a signing ceremony.
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Aramco/ACWASaudi Aramco, ACWA Power to invest $3 bln to build LNG plant and terminal in Bangladesh
Saudi Aramco and ACWA Power signed a deal with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country. As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at a signing ceremony.
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Aramco IPOSaudi Aramco delays planned IPO until after earnings update: sources
In a statement to Reuters on Friday, Saudi Aramco said: “The company continues to engage with the shareholders on IPO readiness activities. The company is ready and timing will depend on market conditions and be at a time of the shareholders’ choosing.”
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Aramco IPOSelling Aramco: The Wall Street A-Listers on Oil Giant’s IPO
Aramco has hired about 25 institutions to sell the stock. Many bankers have spent years wooing officials to get a lucrative spot on the listing, making intense pitches multiple times to Aramco executives and maintaining ties even as it was delayed.
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Saudi AramcoBanks warned over Saudi Aramco by environmental groups
Environmental groups have warned the banks linked to Saudi Aramco’s planned market float that they risk financing the destruction of the planet by supporting the public listing of the world’s biggest oil producer.
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Saudi AramcoTwo killed in incident at Saudi Aramco’s SASREF refinery
Saudi refiner SASREF, owned by state oil giant Saudi Aramco, said two contractors had died and two more were injured in “an incident” during maintenance work on Sunday, the company said in a statement on Tuesday.
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Saudi-IndiaSaudi Aramco interested in buying government’s stake in BPCL
The Indian government is looking at selling its 53.29 percent stake in BPCLNSE 0.90 % to a strategic investor in the biggest privatisation bid in the history of India.
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