SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

  • U.S., Saudi Arabian Agribusiness Majors May Partner to Bid on Saudi Grains Milling Privatization
     

    Saudi Arabia’s largest private agriculture company, Almarai, and U.S. agribusiness Archer Daniels Midland Co. are reportedly among companies eying Saudi Grains Organization’s (SAGO) milling operations, the kingdom’s sole supplier, according to an exclusive report by Reuters. The state-owned SAGO handles the Kingdom’s grains purchases, and is one of the world’s largest wheat and barley buyers. The company […]

     
  • ExxonMobil Announces $20 billion Investment in Manufacturing on U.S. Gulf Coast
     

    Exxon Mobil Corporation said in a press release that it is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period “to take advantage of the American energy revolution.” The projects, at 11 proposed and existing sites, are expected to generate thousands of new high-paying jobs and […]

     
  • As Saudi Aramco Prepares IPO, Investors Speculate on Ultimate Value
     

    Fund managers and institutional investors are split on the expected value of Saudi Aramco, with a majority saying the company will have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, Reuters reports, citing a survey of fund managers conducted by regional investment bank EFG Hermes. That […]

     
  • Saudi Arabia’s Fiscal Balance Program (FBP) 2020: The Kingdom’s Path to Fiscal Sustainability
     

    Fiscal reforms already underway in Saudi Arabia could save the Kingdom as much as SR362 billion ($97 billion) annually by 2020, leading to a surplus of SR162 billion ($43 billion) annually, according to a recent analysis by Jadwa Investment. That amount is a significant increase as compared to if nothing was done to address Saudi Arabia’s fiscal […]

     
  • Saudi Arabia Gains ‘Upper Hand’ in Competition for Asia Energy Demand with Massive $7b Aramco-Petronas Deal
     

    Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia and give the Kingdom an “upper hand” in the supply competition for Asia’s energy demand, according to reports. Saudi […]

     
  • Saudi Arabia Makes Diplomatic Push to Warm Ties with Iraq
     

    Saudi Arabia’s Foreign Minister Adel Al-Jubeir made a surprise trip to Iraq on Saturday, the first trip there by a Saudi foreign minister since 1990. While in Baghdad, Al-Jubeir met with Iraqi Prime Minister Haider Al-Abadi and his counterpart, Ibrahim Al-Jaafari. Al-Jubeir said that Saudi Arabia plans to appoint a new ambassador and resume direct flights […]

     
  • King Salman Launches Month-Long Investment Tour in Asia
     

    Saudi Arabia’s King Salman leaves Sunday for a month-long tour of key nations in Asia as the region grows in influence as an oil importer and potential investor in the Saudi economy. The King is expected to visit Malaysia, Indonesia, Japan and China. It is his first trip outside the Middle East and North Africa since […]

     
  • Aramco Taps Three Banks to Underwrite ‘Largest Ever’ IPO
     

    Saudi Aramco has asked JPMorgan Chase & Co. and Morgan Stanley to assist with its upcoming initial public offering and could call on another bank, HSBC, with access to Chinese investors, according to separate reports in Reuters and the Wall Street Journal, which cited unnamed sources. The major U.S. banks join Moelis & Co., a […]

     
  • Saudi Arabia Taps U.S.-Based Bechtel Corp to Run State Infrastructure Oversight Office
     

    Saudi Arabia’s new National Project Management Office (NPMO) is something you will hear a lot about in the coming years. The Kingdom has tasked U.S.-based Bechtel Corp to oversee its state infrastructure projects, known in Arabic as “Mashroat,” and ensure that projects are run at low costs and as efficiently as possible. The deal was awarded […]

     
  • Petrochemicals Sector in Saudi Arabia Remains Vital for Vision 2030 Aims
     

    The Petrochemicals sector in Saudi Arabia makes up 60% of the Kingdom’s non-oil exports and remains vital to the Kingdom’s Vision 2030 aims, according to a recent study on the sector released by Jadwa Investment. The sector’s prominence in the non-oil economy means it has been identified by both the National Transformation Program (NTP) 2020 and […]

     

MUST-READS

  • Saudi Arabia Regains Some Oil Market Share From Russia in Asia

    Saudi Arabia’s oil exports to Asia rose in November, while Russia’s crude sales in the world’s most important oil-importing region fell amid lower purchases by Moscow’s two key markets, China and India. Recovering Asian refining margins, a decline in the premium of the Dubai benchmark to Russia’s Urals, and rising shipping costs for Russia’s crude helped Saudi Arabia boost its crude oil supply to Asia by 550,000 barrels per day (bpd) in November, according to data from LSEG Oil Research cited by Reuters’s columnist Clyde Russell. Saudi crude oil exports to Asia jumped to 5.83 million bpd last month, up from an estimated 5.28 million bpd in October.

  • Iraqi fighters head to Syria to battle rebels but Lebanon’s Hezbollah stays out, sources say

    Hundreds of Iran-backed Iraqi fighters crossed into Syria on Monday to help the government fight rebels who seized Aleppo last week, but Lebanon's Hezbollah has no plans for now to join them, according to sources. Iran's constellation of allied regional militia groups, aided by Russian air power, has been integral to the success of pro-government forces in subduing rebels in Syria who rose up against President Bashar al-Assad in 2011.

  • Climate solution: Sails make a comeback in shipping, to dent its huge carbon footprint

    The international merchant fleet of more than 100,000 ships transports more than 80% of global trade. But it’s also responsible for about 3% of global greenhouse gas emissions. Without a quick switch from dirty fuels to cleaner energies, its pollution is forecast to soar. Mariners pushing for wind power say investors used to view them as something of a joke. But as they pioneer a comeback for sail-powered cargo ships, they’re having the last laugh. The cleanest of the new vessels spearheading wind’s embryonic revival are almost pure-sail vessels like Grain de Sail II. Half the length of a soccer field and able to carry 350 tons of goods in its holds, it uses its diesel engine only to maneuver in and out of port.

  • Persistent Fall in Private Borrowing Brings Global Debt Down

    Global debt decreased about one percentage point to 237 percent GDP. The values for 2023 are now available from the just released IMF’s Global Debt Database. Global private debt fell by 2.8 percentage points to 143 percent of GDP, below the 2019 level and more than compensated for the turning up in public debt. According to the latest Fiscal Monitor, global public debt is high, rising, and risky.

  • Macron and Saudi crown prince sign partnership deal, call for Lebanon elections

    President Emmanuel Macron and Saudi Crown Prince Mohammed bin Salman signed a strategic partnership on Monday aimed at deepening bilateral ties and de-escalating conflict in the Middle East, including Lebanon, where the two leaders called for presidential elections.  Macron's state visit is the first by a French president to Saudi Arabia since Jacques Chirac in 2006, cementing what the presidency calls a "very close relationship". In 2021, Macron became one of the first Western leaders to meet Prince Mohammed in Saudi Arabia after the 2018 murder of Saudi journalist Jamal Khashoggi at Riyadh's consulate in Istanbul.

  • Mapping Saudi Arabia’s low emissions transition path by 2060: An input-output analysis

    This study analyzes Saudi Arabia's strategy to reduce emissions by 2060, as outlined in the Saudi Green Initiative framework (SGI). Using a two-stage Leontief input-output model, we analyze economic criteria for meeting the low emissions target and identify potential green project financing sources. The analysis focuses on Saudi Vision 2030's economic diversification initiatives and the transition to a net-zero carbon economy.

  • Saudi Arabia to abandon US defence treaty for more modest alternative

    A full-blown US-Saudi treaty would need to pass the US Senate with a two-thirds majority and this would be a non-starter unless Riyadh recognises Israel, the sources said. The pact now under discussion would involve expanding joint military exercises and drills to address regional threats, mainly from Iran. It would foster partnerships between US and Saudi defence firms, with safeguards to prevent collaboration with China, the sources said. The agreement would promote Saudi investment in advanced technologies, especially drone defence. The US would increase its presence in Riyadh through training, logistics and cyber security support, and might deploy a Patriot missile battalion to enhance missile defence and integrated deterrence. “Saudi Arabia will get a security deal which will allow more military cooperation and sales of US weapons, but not a defence treaty similar to that of Japan or South Korea as initially sought,” said Abdelaziz al-Sagher, head of the Gulf Research Institute think-tank in Saudi Arabia.

  • Red Sea Film Foundation Managing Director on Saudi Film Growth, Co-Productions and Stars at RSIFF

    The fourth edition of the Red Sea International Film Festival (RSIFF) in Jeddah is set to once again put a spotlight on the burgeoning film industry in Saudi Arabia, the Middle East and beyond. Showcasing a competition lineup of 15 titles, film festival circuit favourites, and more, it kicks off on Dec. 5 with an opening night gala screening of Karim Shenawi’s The Tale of Daye’s Family, the story of an 11-year-old albino, and close on Dec. 14 with Michael Gracey’s Robbie Williams biopic Better Man. Viola Davis is among the stars to be featured during the fest this year. Ahead of the 2024 edition, Shivani Pandya Malhotra, managing director of the Red Sea Film Foundation, talked to THR about the state of the Saudi film industry, co-productions with other countries, growth opportunities and the role of stars at the festival.

  • Dubois to defend world heavyweight title against Parker in Saudi Arabia

    The International Boxing Federation’s (IBF) world heavyweight champion Daniel Dubois will defend his title against Joseph Parker on February 22 in Riyadh, event organisers in Saudi Arabia have confirmed. The fight, announced Tuesday, will be the co-main event for the undisputed world light heavyweight title rematch between Artur Beterbiev and Dmitry Bivol in a seven-bout card announced by Turki Alalshikh, the head of the Saudi General Entertainment Authority

  • Introduction of Electric Vehicles in Saudi Arabia: Impacts on Oil Consumption, CO2 Emissions, and Electricity Demand

    In this study, we project the number of internal combustion engine (ICE) vehicles in Saudi Arabia up to 2050. The projected number of vehicles is then used to project the oil demand and CO2 emissions associated with the road transport sector by 2050. On the basis of the projected number of ICE vehicles, we design three scenarios for developing electric vehicles (EVs) (high-, moderate-, and low-growth scenarios) to determine the impact of the expansion of EVs on future oil demand, CO2emissions, and electricity demand.