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Recent stories from sustg
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Saudi Arabia to Boost Spending Next Year as Foreign Reserves Reach New Lows
- October 30,2017
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- SUSTG Team
Saudi Arabia will boost state spending next year despite dwindling foreign reserves as the Kingdom looks to turbo charge economic growth, according to reports. Saudi Arabia’s Finance Minister Mohammed al-Jadaan told the Financial Times that Saudi Arabia “would set out an expansionary budget in 2018” to respond to the needs of the struggling private sector, which is […]
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Secretary of State Rex Tillerson to Travel to Saudi Arabia October 20th for Saudi-Iraq Meet
- October 20,2017
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- SUSTG Team
U.S. Secretary of State Rex Tillerson will travel to Riyadh, Saudi Arabia to take part in the inaugural Coordination Council meeting between the governments of Saudi Arabia and Iraq. The Secretary will also meet with various Saudi leaders to discuss the conflict in Yemen, the ongoing Gulf dispute, Iran, and a number of other important regional and […]
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With transfer season underway Saudi Professional League evolves strategy
- July 22,2024
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- SUSTG Team
The SPL has shifted from last year’s extensive talent acquisition—where 97 players were signed—to a more strategic approach this season. The Saudi transfer window opened on July 18 and will close on September 2, aligning with European leagues. This change indicates a focus on filling specific gaps and enhancing overall team quality rather than a […]
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Al-Hilal’s Streak and Saudi Professional League Spending
- March 13,2024
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- SUSTG Team
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
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Human Capability Initiative Conference in Riyadh Concludes with Goal of Increasing Employment Rate in New Industries
- February 29,2024
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- SUSTG Team
The Human Capability Initiative (HCI) Conference launched this week in Riyadh at the King Abdulaziz International Convention Center under the patronage of Crown Prince Mohammed bin Salman with the goal of boosting human capital in the Kingdom.
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New Royal Decrees in Saudi Arabia Change Up Regional Leadership Posts
- December 13,2023
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- SUSTG Team
A number of Saudi royals and officials were given new jobs on Tuesday as authorities issued a raft of royal decrees, according to reports by the SPA and Arab News.
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Saudi Transfer Spending on Par With European Top Leagues, Statista Report Says
- August 8,2023
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- SUSTG Team
A new chart from the website Statista places into context Saudi Arabia’s spending this transfer season vis-a-vis other top leagues, showing that the money spent on transfers by Saudi clubs this summer matches or exceeds the investments made by clubs from European top leagues, with the notable exception of the Premier League.
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Temperatures Soar Across Saudi Arabia; Certain Places Hit 50 Degrees Celsius
- July 31,2023
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- SUSTG Team
Temperatures are expected to soar up to 50 degrees celsius (122 degrees farenheit) in several areas Saudi Arabia, starting from Sunday until the end of the week, according to the National Center for Meteorology (NCM).
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PSG Confirms Saudi club Al Hilal Makes World Record $332m Bid for French Mega-Star Mbappé
- July 24,2023
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- SUSTG Team
Saudi team Al Hilal made a record €300 million ($332m) bid for Kylian Mbappé on Monday, which could see the France striker join Cristiano Ronaldo for the next year of the Saudi Pro League, according to reports.
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NEOM’s Sindalah Island Eyes Status as Global Yachting Hub
- June 28,2023
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- SUSTG Team
NEOM has signed a deal with superyacht concierge and maritime agency BWA Yachting as it eyes an opening date for visitors within the year.
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Saudi Aramco picks HSBC, Japan’s SMBC for $10 billion loan: sources
Saudi Aramco has chosen HSBC and Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to coordinate talks with other banks for a loan of about $10 billion the oil giant plans to seek, two sources close to the matter said.
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Saudi Aramco donates 30,000 coronavirus masks to Houston, Texas
Saudi Aramco has come to the aid of the US city of Houston, Texas, with a donation of 30,000 masks for first responders fighting the coronavirus COVID-19 outbreak in the heart of the American oil industry.
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Saudi Aramco to slash crude supply to 8.5 mil b/d from May 1
Eklavya Gupte
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Aramco offers struggling refiners sweeter terms for crude
Saudi Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants struggle with shrinking demand, refining industry sources said.
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Saudi Aramco in talks with banks to borrow about $10 billion – sources
“The financing would be for the SABIC deal, but the borrower is Aramco,” said one of the sources, adding that the discussions were at an initial stage, with the company sounding out banks. “Ten billion dollars is where they want to get to, (it’s) not clear if, in this market, they’ll manage to reach that.”
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Saudi Aramco likely to release May prices on Monday -source
Saudi Aramco typically issues its official selling prices (OSPs) by the 5th of each month, setting the trend for Iranian, Kuwaiti and Iraqi prices and affecting more than 12 million barrels of oil per day bound for Asia.
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Former Trump adviser appointed onto Saudi Aramco board
Weinberger was the global chairman and CEO of EY from 2013 to 2019. He was active in the World Economic Forum as a member of its International Business Council and as a Global Steward for Economic Progress.
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Aramco’s Bondholders Get Dragged Down by Saudi Oil-Price War
The oil-price war isn’t doing any favors for Saudi Aramco’s bondholders one year on from the state-owned company’s debut on international capital markets.
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Saudi Aramco, ADNOC delay OSPs until after OPEC+ meets on output cuts: sources
Saudi state oil giant Aramco and the UAE's Abu Dhabi National Oil Co. will delay issuing their official selling prices for May crude exports until after the OPEC+ coalition holds its emergency meeting Thursday, industry sources familiar with the matter told S&P Global Platts on Sunday.
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Aramco pays upwards of $40m per year to join F1 top tier
Saudi Aramco, one of the world’s biggest oil and gas companies, will pay between $40m (€36.6m) and $45m per year for global partner rights to Formula 1 over 10 years from 2020 to 2029. The largely state-owned energy producer is believed to be the world’s most profitable company. This is its first global sponsorship of a major sporting event.
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