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Recent stories from sustg
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With a Bumpy Road Ahead in 2020, Saudi Banks are ‘Well Capitalized’, Executives told Reuters
- June 4,2020
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- SUSTG Team
“Strong capital buffers” will help banks in Saudi Arabia push through a bumpy road ahead in the next few months, according to a Reuters report, which took a measurement of some of the industry’s top CEOs.
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Saudi Arabia’s NIDLP Sees Traction with $1.33b in Loans So Far
- May 28,2020
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- SUSTG Team
Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) has so far granted loans amounting to SR 5 billion ($1.33b) to over 40 Saudi exporters and increased private sector investments to over SR35 billion, according to a local Saudi newspaper report.
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Saudi Arabia to End Virus Curfews by June 21, Will Start ‘New Phase’ on Thursday May 28
- May 26,2020
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- SUSTG Team
Saudi Arabia said Tuesday that it will begin to end its nationwide coronavirus curfew this week, and completely phase out the curfews by June 21, according to comments from the Kingdom’s health minister Dr. Tawfig Al-Rabiah.
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Kingdom Climbs in International Budget Transparency Index
- May 1,2020
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- SUSTG Team
Saudi Arabia jumped 18 places in an index that measures the transparency of budgets worldwide as the Kingdom moves forward with economic and social reforms.
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Saudi Arabia Makes First Purchase of Wheat from Kingdom-Owned Farm
- April 27,2020
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- SUSTG Team
Saudi Arabia has made its first purchase of wheat grown from an overseas farmland investment in Ukraine, Reuters reports, as the Kingdom makes progress on a years-long shift toward agricultural imports and water conservation goals.
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Saudi Cabinet: Kingdom Prepared to ‘Take Extra Steps with OPEC+’ to Stabilize Oil Market
- April 21,2020
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- SUSTG Team
Saudi Arabia said on Tuesday it is monitoring oil markets and is ready to take extra measures to stabilize them along with OPEC+ allies and other oil producers, Reuters reports, citing an SPA report and Saudi Cabinet statement.
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Saudi Arabia, Russia Agree on Oil Cuts, Hope to Finalize Participation from Mexico, U.S.
- April 10,2020
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- SUSTG Team
Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies, Reuters reports, after the two heavyweights agreed on the cuts but Mexico “walked out” of talks yesterday at the last minute.
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Global Markets Plummet as Saudi, Russia Fail to Agree on Oil Supply
- March 9,2020
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- SUSTG Team
After the OPEC+ countries failed to come to an agreement on oil prices, Saudi Arabia dramatically cut its export prices over the weekend, creating the largest single-day oil price drop since the start of the Gulf war in 1991, according to reports.
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Saudi Ambassador to the U.S. Princess Reema bint Bandar Visits Wyoming, Gives Interview to Local Paper
- March 6,2020
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- SUSTG Team
Saudi Ambassador to the United States HRH Princess Reema bint Bandar Al-Saud visited the U.S. state of Wyoming this week and sat down with the local news outlet, the Wyoming Tribune Eagle, to talk about her visit to the state, the state of women’s rights in Saudi Arabia and the potential for business partnerships in Wyoming.
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Saudi Cabinet Shakeup Places Khalid Al-Falih in Charge of New Investment Ministry
- February 25,2020
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- SUSTG Team
Saudi Arabia has shaken up its government investment bodies with a major change to SAGIA, the Saudi Arabian General Investment Authority, making the body a full ministry and replacing former Governor Ibrahim Al-Omar with former Saudi Aramco head Khalid Al-Falih, the King revealed in a series of royal decrees. In three separate royal orders, Eng. Ibrahim bin […]
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Anti-ISIS CampaignFBI Says ISIS Used eBay to Send Terror Cash to U.S.
U.S. investigators uncovered a global financial network run by a senior Islamic State official that funneled money to an alleged ISIS operative in the U.S. through fake eBay transactions, according to a recently unsealed FBI affidavit.
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Iran Nuclear AgreementExclusive: U.S. envoy to U.N. will go to Vienna to review Iran nuclear activities – U.S. official
U.S. Ambassador to the United Nations Nikki Haley will travel to Vienna later this month to discuss Iran's nuclear activities with U.N. atomic watchdog officials, a U.S. official said on Wednesday, as part of Washington's review of Tehran's compliance with a 2015 nuclear deal
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Khaled Bin SalmanNew Saudi ambassador to the U.S. sees ‘huge improvement’ in relations under Trump
Every country moves forward, and we are. The last two years have been a time of big change in our country. Human rights have been moving forward, women’s rights have been moving forward. Saudi youth have been given a chance to play a part in our future.
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Russia in the RegionPerspective: Russia, Not the U.S., is Now Calling the Shots in the Middle East With Iran and Iraq
With the U.S. minimizing efforts to topple the government of Syrian President Bashar al-Assad and Iraq expressing weariness of the U.S.'s extended presence in its country, Russia has become an increasingly important power broker in the region.
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AfghanistanTrump Says U.S. ‘Losing’ Afghan War in Tense Meeting With Generals
President Donald Trump has become increasingly frustrated with his advisers tasked with crafting a new U.S. strategy in Afghanistan and recently suggested firing the war's top military commander during a tense meeting at the White House, according to senior administration officials.
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Global Oil MarketsSaudi Arabia takes aim at U.S. oil stockpiles
Shipments take about 1.5 months to reach the U.S. from Saudi Arabia, so the impact on U.S. stockpiles is not felt until an equivalent amount of time after shipments have stopped. There now has been ample time, and the impact is being felt, and that changes the sentiment of oil traders.
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U.S.-IranIran’s Energy Resurgence at Risk as U.S. Grows More Confrontational
Heightened tensions between Washington and Tehran look certain to stall already challenging efforts by Iran to attract billions of dollars in foreign investment for its oil and gas industry.
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Trump Travel BanStranded Yemenis, thousands of others stand to lose ‘golden ticket’ to U.S.
Yemen is urging the U.S. government to take in dozens of Yemenis who traveled to Malaysia in recent months expecting to immigrate to the United States, only to find themselves stranded by President Donald Trump's temporary travel ban.
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Jordan Attack‘He was trying to kill us’: New video contradicts Jordanian accounts of how 3 U.S. soldiers were killed
It is still unclear what sparked the shootout that led to the deaths of three American soldiers at King Faisal Air Base in Jordan in November. What is clear, according to a recently released video of the incident, is that after the initial burst of gunfire, the remaining Americans were outgunned and stalked by a person set on killing them.
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