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Saudi Arabia to Issue First Individual Tourist Visas in 2018, Prince Sultan bin Salman Says
- November 28,2017
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- SUSTG Team
Saudi Arabia plans to issue its first individual tourist visas next year as the Kingdom looks to expand tourism and leisure as part of its ambitious Vision 2030 economic and social reform plans. The confirmation came through comments made by Prince Sultan bin Salman, head of the Saudi tourism and national heritage commission, to CNNMoney’s Richard Quest. Visas […]
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With Regional Turmoil and Domestic Changes, Resolution of Qatar Crisis Slips in Priority for Saudi Arabia
- November 20,2017
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- SUSTG Team
The emergence of new foreign policy and domestic challenges for Saudi Arabia in recent weeks have taken precedent over resolving the Arab-led embargo of Qatar, according to Saudi Arabia’s leaders, as the United States reportedly has stepped in to support the Kingdom now elsewhere in the region. Exactly one month ago, Secretary of State Rex […]
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Media Conglomerate Saudi Research and Marketing Group Acquires Stake in Argaam Financial News Service
- October 18,2017
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- SUSTG Team
The Saudi Research and Marketing Group (SRMG) has acquired a controlling stake in the Argaam Investment and Trading Company, which publishes an online financial news service Argaam.com, according to reports. SRMG Chairman Prince Badr bin Abdullah Al-Saud said the acquisition “will help pave the way to a “brighter future” for the digital content industry in […]
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New Archeological Discoveries in Tabuk, Saudi Arabia Date Back to Stone Age
- October 13,2017
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- SUSTG Team
New rock and animal drawings and other archeological discoveries were unearthed in the Tabuk region of Saudi Arabia by experts from France and the Kingdom, according to reports. Operating under the supervision of the Saudi Commission for Tourism and National Heritage (SCTH), teams discovered a large number of tools, engravings and architectural units in three […]
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Saudi Arabia to Award Nuclear Reactor Contract by End of 2018; U.S. Set to Miss Out
- October 12,2017
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- SUSTG Team
Saudi Arabia plans to award a construction contract for its first nuclear reactors by the end of 2018, a senior government official said on Tuesday as reported in Reuters. “With sponsorship from the highest levels in the state, the contract will be signed by the end of 2018,” Maher al Odan, the chief atomic energy […]
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U.S. Approves Possible Sale of THAAD Missile Defense System to Saudi Arabia with Massive $15b Price Tag
- October 9,2017
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- SUSTG Team
The United States has given preliminary approval for the sale of a Terminal High Altitude Area Defense (THAAD) missile defense system to Saudi Arabia with a price tag of $15 billion, according to reports and a statement by the U.S. Defense Security Cooperation Agency (DSCA). The announcement, made on the heels of Saudi Arabia’s King Salman […]
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Saudi-Russia Ties Strengthen as King Salman Visits around Russia Energy Week
- October 4,2017
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- Lucien Zeigler
Saudi-Russia ties continue to warm ahead of King Salman’s visit as the Kingdom looks to expand bi-lateral investment opportunities, according to reports. Saudi Arabia and Russia are the two biggest energy players, producing almost a quarter of the world’s oil between them. As the de facto leader of OPEC, Saudi Arabia has forged a working […]
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Saudi Arabia to Get New Bankruptcy Law Next Year, Al-Qassabi Says
- September 22,2017
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- SUSTG Team
Saudi Arabia will begin implementing a new bankruptcy law early next year as part of efforts to attract foreign investment and encourage private sector activity, Reuters reports, citing Saudi-owned broadcaster Al Arabiya which aired comments from Minister of Commerce and Investment Dr. Majed Al-Qassabi. “(The) bankruptcy law has been passed to the Shura Council and […]
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Saudi Arabia’s ‘Longest Railway’ to Come Online in December
- September 15,2017
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- SUSTG Team
Saudi Arabia’s “longest railway” running over 1700 miles between capital Riyadh and the northern city of Gurayat will kick-start operations on December 24, 2017. Considered to be one of the world’s longest railway lines, the line will pass through Majmaa, Qassim, Hail, and the Al-Jouf regions of the Kingdom. Six railway stations are in the pipeline along the […]
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‘NTP 2.0’: FT Obtains Copy of Draft of Changes to Saudi National Transformation Plan
- September 7,2017
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- SUSTG Team
The London-based Financial Times has obtained an internal copy of a document that outlines Saudi Arabia’s desire to amend the Kingdom’s National Transformation Plan (NTP), dubbed “NTP 2.0.” The draft document “strips out some areas earmarked for change and extend[s] the timeline of other targets” of the NTP. The changes will keep the deadline of 2020 generally, […]
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MUST-READS
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Women in the WorkforceSaudi Aramco just appointed a female executive to its board
The announcement is considered a milestone for the kingdom, where 22 percent of women participate in the workforce, making it a rarity for females to reach top executive positions.
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Saudi AramcoSaudi Aramco appoints new board members including a woman
State run Saudi Aramco, the world's top oil company, said on Sunday it has appointed five new members to its board including a female executive, a milestone for Saudi Arabia and the oil industry where there are few women executives.
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Crude to ChemicalsSaudi Aramco and SABIC Award Second Crude Oil-to-Chemicals
In a second significant step toward the implementation of Saudi Aramco and SABIC’s fully-integrated crude oil-to-chemicals (COTC) complex in Saudi Arabia, the two partners have awarded a contract to KBR, a leading global provider of project management, and professional & engineering services in the petrochemicals industry, for the COTC project management and front-end engineering and design (FEED).
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Saudi RefiningAnalysis: Saudi Aramco’s Asia JVs to help battle oversupply, peak oil demand fears
Analysts said the company's back-to-back agreements to take 50% stakes in Malaysia's RAPID project and India's biggest planned refinery on the west coast will guarantee a huge outlet for its crude oil in coming years as oil faces increasing competition from alternative energy supplies.
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Shale OilUS Frackers Must Thank Saudi Aramco For Recent Success
While there have been some pipeline shortages recently in the Permian basin, these bottlenecks are sure to disappear if the oil price remains at the current level.
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Saudi AramcoAramco and France’s Total Looking at Buying Saudi Fuel Stations
Saudi Arabian Oil Co. and Total SA are weighing jointly buying businesses such as Tas’helat Marketing Co. to gain access to networks of retail fuel stations in the Gulf kingdom, according to people with knowledge of the matter.
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Oil TradingSaudi Aramco to Lift Oil-Trading Volume to 6 Million Barrels/Day
Saudi Aramco, the world’s biggest oil exporter, plans to trade as much as 6 million barrels a day, a jump in volume that would put it in the top tier of companies that buy and sell crude and refined products.
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Houthi Missile AttackSaudi says missiles launched at Aramco facility by Houthis
Yemen's Houthis fired two ballistic missiles at a Saudi Aramco facility in the southern city of Jazan on Monday, but Saudi state media said the rockets were destroyed.
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Saudi-RussiaGazprom And Saudi Aramco Boost Gas Cooperation
The chairman of the Gazprom Management Committee, Alexey Miller, held working meetings on Wednesday in Riyadh and Dhahran in Saudi Arabia with Saudi Energy Minister Khalid al-Falih and Saudi Aramco’s President and CEO Amin Nasser, at which the parties agreed to set up a joint coordinating committee to follow up on the memorandum of understanding on gas cooperation that they signed last year.
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Saudi AramcoAramco In Five Numbers: Highlights From Saudi Oil Giant’s Accounts
For four decades the financial performance of Saudi Aramco has been one of the biggest secrets in global business. Now, with the company’s initial public offering looming, investors can get their first detailed insight into this cornerstone of the global economy.
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