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Recent stories from sustg
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With Demand Recovery Accelerating, Oil Markets Tick Up
- June 19,2020
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- SUSTG Team
Stronger consumption of oil globally pushed markets higher on Friday as countries move forward with opening back up despite concerns about the Coronavirus pandemic.
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Report: PIF to buy 2.32% stake in India’s Jio Platforms for $1.49 billion
- June 18,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries’ digital unit Jio Platforms for $1.49 billion, Reuters reports.
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Second Wave: Saudi Arabia Continues Battle Against COVID-19 Spread; 3,717 New Cases Reported
- June 10,2020
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- SUSTG Team
Saudi Arabia announced 36 more Coronavirus deaths and 3,717 new cases of the disease on Wednesday, a significant uptick in cases as the Kingdom deals with a second wave after initial successful efforts in flattening the curve.
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SAMA Uses Blockchain for Local Deposits of Announced Funds
- June 9,2020
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- SUSTG Team
The Saudi Arabian Monetary Authority (SAMA) used blockchain technology to deposit part of the liquidity that SAMA had previously announced to be injected into the banking sector “as part of SAMA’s actions aimed at enhancing the sector’s capabilities to continue its role in providing credit facilities,” the organization announced.
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Jadwa Chartbook: Saudi economic data from April shows Coronavirus impact
- June 2,2020
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- SUSTG Team
Economic indicators for the Saudi economy in April reflected the impact of COVID-19 containment measures on the local economy, with PMI remaining in contractionary territory, Jadwa Investment said in its recently-released chartbook.
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Sports Diplomacy in the Middle East: King Faisal Center for Research and Islamic Studies to Host Live Broadcast May 19th
- May 16,2020
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- SUSTG Team
The King Faisal Center for Research and Islamic Studies (KFCRIS) will host a live broadcast on Tuesday, May 19th at 3:00pm Washington, D.C. time (10:00 pm in Riyadh) on Sports Diplomacy in the Middle East, featuring speakers HRH Prince Faisal bin Bandar bin Sultan, president of the Saudi Arabian Federation for Electronic and Intellectual Sports (SAFEIS). The event […]
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‘Pockets of Demand’ Seen Returning for Oil as Suppliers Curb More to Boost Price
- May 12,2020
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- SUSTG Team
Areas of increased demand for oil are emerging as suppliers, lead by Saudi Arabia, cut additional output in hopes of boosting crude’s price, according to reports.
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Saudi Arabia’s coronavirus cases grow to 35,000
- May 8,2020
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- SUSTG Team
The number of coronavirus cases in Saudi Arabia exceeded 35,000 on Friday as the kingdom struggles to get to grips with rising numbers of new infections, Reuters reports.
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Analysis: Saudi Arabia Could ‘Emerge from the Pandemic Stronger, both Economically and Geopolitically’
- May 6,2020
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- SUSTG Team
In an opinion piece in Foreign Policy magazine, a former advisor to President Barack Obama and professor at Columbia University says it is likely that Saudi Arabia will emerge from the Coronavirus pandemic “stronger, both economically and geopolitically” and that its bold moves in oil markets created a win for the Kingdom.
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‘We are looking into any opportunity’, PIF Chief Says as Saudi Eyes Value Investments
- April 24,2020
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- SUSTG Team
Saudi Arabia’s head of its Public Investment Fund, Yasir Al-Rumayyan, said the fund is looking to make more value investments in the weeks and months to come with global markets down as a result of the Coronavirus pandemic.
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MUST-READS
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Global Oil MarketsOil prices dip further after U.S. stock-build, Saudi export rise
Oil prices fell again on Thursday as supplies rose both in North America and the Middle East, with U.S. contracts hovering slightly above $40 per barrel, levels not seen since the credit crunch of 2009, and globally traded Brent falling below $47.
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Anti-ISIS CampaignU.S. Airstrikes Against ISIS Surge To Record Levels In Iraq and Syria
The United States-led airstrikes against the Islamic State in Iraq and Syria surged to record levels in July, signaling an unprecedented escalation by coalition forces during its year-long conflict with the militant group.
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TurkeyU.S.: Patriot pullout from Turkey reflects weaker Syria
The U.S. decided to pull its Patriot missile defense force out of Turkey mainly because it sees a declining Syrian military threat, including a depleted stockpile of Scud missiles capable of striking Turkish territory, the Pentagon said Monday.
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U.S. - SaudiDonald Trump Adds Saudi Arabia to List of Countries “Ripping Off the U.S.”
To hear Donald Trump tell it, the United States is not getting its money's worth in Saudi Arabia.
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Anti-ISIS Campaign: F16s in TurkeyHere are the first images of U.S. F-16 fighters flying from Turkey to carry out airstrikes
Six F-16s will be kept in Turkey and maintained about 300 airmen and other U.S. troops. They’re with the 31st Fighter Wing, of the Aviano Air Base in Italy, U.S. European Command said in a Facebook post Sunday. The U.S. launched its first airstrike from Turkey Aug. 4 with a drone, but manned airstrike missions didn’t occur until Wednesday.
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ISIS: Chemical WeaponsU.S. investigating ‘credible’ reports that ISIS used chemical weapons
The U.S. is investigating what it believes are "credible" reports that ISIS fighters used mustard agent in an attack against Kurdish Peshmerga this week, causing several of them to fall ill, U.S. officials working in at least three separate parts of the Obama administration said Thursday.
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Anti-ISIS Campaign: SyriaU.S. said it will create a safe zone on Syrian border. But nobody knows how.
“The plan is nebulous. The area is huge; it’s not well-defined,” Stein said of the safe-zone proposal. “There may be local governance structures set up” in the buffer region, he said, “but it’s not a textbook safe zone.”
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EnergyThe U.S. wind energy boom couldn’t be coming at a better time
Wind energy in the U.S. is now at 66 gigawatts of installed capacity, according to the report — providing roughly 5 percent of total U.S. electricity demand. 66 gigawatts is enough electricity to power 17.5 million homes (a gigawatt is a billion watts).
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SyriaAfter Iran Deal, U.S. Bids to Revive Peace Talks on Syria
The United States has launched a fresh attempt to revive peace talks designed to end the four-year Syrian civil war, hoping to capitalize on the aftermath of the Iran nuclear accord and the battlefield setbacks of the regime in Damascus.
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Anti-ISIS Campaign: SyriaTrained By U.S., Syrian Fighters Stumble As They Hit The Battlefield
Analyst Charles Lister follows Syria closely and says the episode "is not a particularly good indicator in terms of these forces' capabilities, in terms of protecting themselves against potential adversaries."
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