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Recent stories from sustg
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Report: Kingdom Owns a Majority Stake in Tesla Rival Lucid Motors
- June 26,2020
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- SUSTG Team
Saudi Arabia has amassed a more than 50% stake in California EV startup and Tesla rival Lucid Motors, according to a report in The Verge.
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Aerial View of Jeddah Port Stars in NASA Earth Observatory’s Image of the Day
- June 24,2020
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- SUSTG Team
The NASA Earth Observatory made its image of the day a stunning aerial photo of Jeddah, Saudi Arabia’s port from directly above.
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New York-based Wahed Invest, an Online Halal Investment Platform, Secures Funding from Saudi Aramco
- June 8,2020
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- SUSTG Team
New York-based online Islamic investment platform Wahed Invest has secured backing from Saudi Aramco, the world’s biggest company, to expand into the Middle East and make Riyadh its hub for the region, according to Bloomberg.
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Analysis: With Saudi Arabia’s PIF Investment in Two Canadian Energy Companies, Strategic Investment Shift Continues
- June 3,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) invested in two Canadian energy companies in the first quarter of 2020, expanding its holdings in the sector likely at lower-than-usual valuations as oil prices hit cyclical lows this year.
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WTI, Brent set for biggest monthly gains in years
- May 29,2020
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- SUSTG Team
Despite a fall today, crude oil prices are set for their biggest monthly gain in years after historic production cuts and a rebound in demand. The U.S. crude benchmark (WTI) has jumped almost 80 per cent in May, Bloomberg reports, the biggest gain in exchange data compiled by Bloomberg going back to 1983. That comes after […]
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U.S., Saudi Forces Conduct Joint Military Exercises on Saudi Islands
- May 27,2020
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- SUSTG Team
Forces from the United States and Saudi Arabia are conducting “routine and joint sustainment training” on and around Karan and Kurayn islands, Kingdom of Saudi Arabia this week, according to a statement from the U.S. Naval Forces Central Command.
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Kingdom’s National Development Fund Plans Near-Doubling of Funds to Saudi Businesses in 2020
- May 22,2020
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- SUSTG Team
Saudi Arabia’s National Development Fund (NDF) plans to provide an extra $5.9bn to Saudi businesses on top of the $6.8 it usually disperses annually, according to reports, as the Kingdom looks to weather the economic headwinds created by the global Coronavirus pandemic and lower oil prices.
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Ramadan Kareem from the SUSTG Team
- April 23,2020
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- SUSTG Team
The SUSTG team expresses our warmest wishes on the occasion of the holy month of Ramadan.
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COVID-19-Induced Oil ‘Demand Destruction’: Jadwa Sees Saudi Crude Production at 9.4 mbpd Average in 2020
- April 20,2020
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- SUSTG Team
With a bleak outlook for oil demand growth in 2020 by OPEC, and recent pledged cuts agreed to by the so-called OPEC+ group of producers last week, Saudi Arabia is set to produce about 2 million barrels per day less on average compared to previous forecasts, Jadwa Investment writes in a new quarterly oil market […]
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Oil Continues Steep Decline; U.S. Crude Reaches 17-Year Low
- March 18,2020
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- SUSTG Team
Oil prices fell for a third session on Wednesday on indices around the world, and U.S. crude futures tumbled to a 17-year low “as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus epidemic,” according to Reuters.
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MUST-READS
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Saudi Women DriversCountdown begins to Saudi women driving
In just three days’ time, Saudi women will be able to take to the wheel and drive.
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Women DriversIn pictures: Driving lessons for Saudi women – BBC News
Reuters photographer Ahmed Jadallah and reporter Rania El Gamal joined some of the 200 women employees being taught at Saudi Aramco Driving Center in Dhahran.
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Women DriversSaudi Arabia’s women drivers get ready to steer their lives
On June 24, when Saudi women are allowed to drive for the first time, Amira Abdulgader wants to be sitting at the wheel, the one in control, giving a ride to her mother beside her.
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Saudi WomenPerspective: Saudi women on the front line of change
In interviews, dozens of Saudi women from all segments of society nonetheless said the reforms are changing their lives in ways they had once thought impossible.
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Saudi Women DriversUber launches portal to attract women drivers in Saudi Arabia
Uber has launched a registration portal for women in Saudi Arabia after the kingdom allowed them to drive.
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World Cup: 2018Saudi women in Russia to support team, reinforce new image
The Saudi women, many watching a soccer game on foreign soil for the first time, mingled with people in a genuinely cosmopolitan and care-free atmosphere outside the stadium.
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Saudi Women DriversHundreds of women get Saudi driving licences
Hundreds of Saudi and foreign women have been granted local driving licences since Tuesday, the General Directorate for Traffic has said.
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UberWhy Saudi Arabia’s Women Drivers Are Important for Uber
Since its founding in 2009, the company has grown to dominate 77% of the ride-hailing market. Last quarter, it raked in $2.5 billion in profits.
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Women DriversSaudi Arabia issues driver’s licenses to women ahead of ban being lifted
Saudi Arabia has issued its first driver's licenses to 10 women ahead of June 24, when the Kingdom's due to end the world's only ban on women drivers. Officials expect another 2,000 women to seek licenses in the coming week, according to a news release from the country's Ministry of Media.
- TIME - Saudi Arabia Has Issued Its First Driver's Licenses to 10 Women
- Bustle - Photos Of Saudi Arabian Women Getting Their Driver's Licenses Show A (Slowly) Changing Society
- Arab News - First batch of Saudi women receive driving licenses
- Al-Arabiya - Women from US, Canada, Wales to train female driving instructors in Saudi Arabia
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Women DriversWomen staff fill Saudi car showrooms ahead of driving ban lift
Saleswomen have started filling car showrooms to facilitate the decision-making process for potential female buyers as the royal decree allowing women to drive will come into effect in less than a month from now.
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