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Recent stories from sustg
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Bechtel Appoints Abdulrahman Al-Ghabban as New Country Manager in Saudi Arabia
- June 19,2017
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- SUSTG Team
Bechtel, a global leader in engineering, procurement, and construction, today announced the appointment of Abdulrahman Al-Ghabban as country manager in Saudi Arabia. Al-Ghabban will lead Bechtel’s business and operations in the Kingdom. Al-Ghabban said “I am honored to be the first Saudi national to hold the position as country manager for one of the most […]
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$1.4b in Defense Contracts Approved by State Department as Senate Eyes Debate
- June 6,2017
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- SUSTG Team
The U.S. State Department has approved the potential sale of more than $1.4 billion worth of military training and equipment for Saudi Arabia, the Pentagon said on Monday, the first fraction of a $110 billion arms deal U.S. President Donald Trump agreed to with Saudi Arabia when he visited in May. The announcement by the State […]
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New Video Shows How Riyadh Metro Will Transform Saudi Capital
- May 26,2017
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- SUSTG Team
Riyadh’s new metro project is already transforming the face of the city, and will change how its citizens get around in the Saudi capital. There is no large-scale public transportation system currently in place in the city, and the city’s traffic situation reflects this reality. A new graphical video released on YouTube by The Business […]
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VAT Draft to Hit General Authority of Zakat and Tax in ‘Weeks’
- May 25,2017
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- SUSTG Team
Saudi Arabia’s General Authority of Zakat and Tax will publish the value-added tax (VAT) draft on its electronic portal within the next two weeks, Reuters reports, citing local media reported. The General Authority for Zakat and Tax announced on Sunday that the implementation of 5% VAT starting January 2018 “will have no exceptions.” This 5% […]
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New Life for the 15 Year Old Abdullah Arab Peace Initiative?
- May 24,2017
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- SUSTG Team
At a summit in Beirut in March 2002, then-Saudi Crown Prince Abdullah unveiled an initiative to achieve peace between Israelis and Palestianians. The Arab Peace Initiative set out a comprehensive proposal calling for full Israeli withdrawal from all the Arab territories occupied since June 1967, Israel’s acceptance of an independent Palestinian state with East Jerusalem as […]
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Counting The US-Saudi Deals: A Look at What We Know So Far following President Trump’s Visit to Saudi Arabia
- May 23,2017
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- SUSTG Team
Bloomberg and naturalgasintel.com feature a thorough rundown of all of the deals that were announced during the recent visit by President Donald Trump to Saudi Arabia. While the total remains unknown, the deals are estimated to be valued between $300 and $400 billion. Aerospace, Arms and Defense – $110 billion U.S. Department of Defense and Saudi […]
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Following President Trump’s Visit, U.S.-Saudi Business and Diplomatic Ties Reach New Heights
- May 22,2017
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- SUSTG Team
The two-day visit by President Trump and top members of his family and staff to Riyadh, Saudi Arabia marks a new height in the history of U.S.-Saudi diplomatic and business relations as the warm Saudi embrace of President Trump was on full display in the Kingdom. President Trump’s visit amounted to a bonanza for large, established American companies […]
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Riyadh Summit 2017: Website Launched for Upcoming Events Connected to President Trump’s Visit to Saudi Arabia
- May 16,2017
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- SUSTG Team
A website has been launched detailing the events connected to the arrival of President Donald Trump to Riyadh, Saudi Arabia, his first visit abroad as President. The ‘Riyadh Summit 17′ is a series of events over two days to highlight U.S.-Saudi and Islamic relations. The website URL is https://www.riyadhsummit2017.org/. “The Kingdom of Saudi Arabia welcomes President […]
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Trump’s First Foreign Trip as President is to Saudi Arabia
- May 5,2017
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- SUSTG Team
President Donald Trump will visit Saudi Arabia as his first foreign trip since taking office, a sign of the Kingdom’s importance as an ally and trading partner to the United States. The trip will also include visits to Israel and the Vatican, meaning that Trump will be visiting the spiritual centers of Islam, Judaism and […]
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‘Frankly, Saudi Arabia has Not Treated Us Fairly’, Trump Threatens Reset with Old Election Talking Point
- April 28,2017
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- SUSTG Team
After the visit of Deputy Crown Prince Mohammed bin Salman to the White House last month, a top advisor to the prince released a statement praising “a historical turning point” in U.S.-Saudi relations. The unnamed advisor said that during President Obama, U.S.-Saudi relations underwent “a period of difference of opinion” but that after meeting with President […]
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MUST-READS
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Saudi Aramco IPOSaudi Aramco Gets Some Bad News From Norway
Big news from Saudi Arabia is something one tends to fear these days. Big news from Norway is something one tends not to expect at all.
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Saudi Aramco IPOSaudi oil giant Aramco hasn’t decided whether to heed Trump on stock market listing
Saudi Arabia’s state-owned oil company will go public on a foreign stock market next year, but leaders have yet to decide if they will follow President Trump’s request to offer stock on the New York Stock Exchange.
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Saudi AramcoSaudi Aramco inks eight agreements worth nearly $4.5bn
Saudi Aramco has announced that it has signed eight agreements, with a total value of nearly $4.5bn, with several oil and gas service contractors.
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Saudi Aramco IPOTempleton’s Mark Mobius on Saudi Aramco IPO: New York pretty much out
Even as Mobius takes a cautious approach when it comes to Aramco, he was explicit in his optimism about Saudi Arabia. He said reforms in the kingdom "have been a long time coming" and it is a good sign that the authorities are accelerating those efforts.
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Saudi Aramco IPOU.K. to Offer $2 Billion Loan Guarantee for Saudi Aramco
The U.K. government agreed to a $2 billion loan guarantee for Saudi Arabian Oil Co. at a time that the country has been courting the Saudi energy giant for the world’s largest initial public offering.
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Vision 2030Visions And Misperceptions On The Road To An Aramco IPO
Nowhere has this fundamental misunderstanding been more apparent than in Western media’s treatment of the Aramco IPO, which, contrary to prevailing sentiment, has clear and viable alternatives to a public listing on the New York or London exchanges.
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Renewable EnergySaudi Aramco backs investment into diesel engine
Oil and Gas Climate Initiative (OGCI), which includes BP, Shell and Total, invested into Achates Power
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Saudi Aramco IPOSaudi eyes private stake sale in Aramco
Mohammed Al-Jadaan said in an interview with the Financial Times on Thursday that while plans for listing Aramco internationally were still being debated at the highest levels of the kingdom, the only confirmed component was an offering on the domestic Tadawul exchange. Private stake sales to strategic investors are also being considered.
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Saudi Aramco Overseas CompanySaudi Aramco subsidiary to buy stake in Rotterdam terminal
AOT’s investment in the terminal will add to its investment in other facilities in the same area and allow it to expand offerings in the North West Europe refining hub, it said.
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Saudi Aramco IPOSaudi Exchange aspires to be exclusive venue for Aramco IPO
Saudi Arabia’s stock exchange aspires to be the exclusive venue for the listing of Saudi Aramco’s initial public offering and the market has sufficient liquidity to absorb the share sale, the exchange’s chief executive said on Thursday.
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