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High-Level Biden Administration Officials Plan Regional Trip to Gulf Allies in Diplomatic Push
- April 29,2021
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- SUSTG Team
The Biden administration is sending a team of senior officials to visit top regional allies in the Gulf including visits to Saudi Arabia, the UAE, Egypt, and Jordan, according to reports from several news outlets.
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Crown Prince Mohammed bin Salman Opens Sakaka Solar Plant; Announces 7 More Projects
- April 9,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka solar power plant on Thursday, and said that agreements have been signed for seven more solar power projects throughout the Kingdom, according to reports.
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Photos Show Riyadh’s New Metro System, Set to Begin Operation This Year
- April 5,2021
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- SUSTG Team
New photos from the AFP published in Gulf News show Riyadh’s forthcoming new metro rail, set to connect the city long plagued by significant traffic woes and enable citizens to get around between the city’s districts.
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Princess Reema bint Bandar Headlines 2nd Day of Virtual U.S.-Saudi Business Forum; Calls for a ‘Restart’ in U.S.-Saudi Relations
- March 24,2021
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States, Princess Reema bint Bandar Al-Saud, gave the keynote address this morning at the virtual U.S.-Saudi Business forum and discussed the path forward for U.S.-Saudi business and diplomatic relations, women empowerment, and rebounding from the effects of the pandemic on the global and local economy. The comments, delivered virtually […]
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Japanese Firm Eyes Saudi Arabia as Next Mega-Solar Project Destination – Report
- March 23,2021
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- SUSTG Team
Japanese trading house Marubeni is looking to open a megasolar plant in Saudi Arabia by June 2023, the company’s first solar project in the country and fourth in the Middle East, the Japanese news website Nikkei reports. Marubeni has formed a joint venture with Saudi utility Al Jomaih Energy and Water for the plant, which is […]
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‘Arab News’ Releases Impressive Graphical Feature on Saudi Arabia’s Heritage Sites
- March 17,2021
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- SUSTG Team
English-language daily news site Arab News has released a graphical feature item on its website detailing the five Saudi historic sites inscribed on UNESCO’s World Heritage List.
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OPEC+ Poised to Agree to Production Increase This Week as Oil Continues Climb
- March 3,2021
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- SUSTG Team
The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports. “There’s a widespread view within the group that the market can absorb additional barrels,” Bloomberg reports, citing people familiar with the […]
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Saudi Arabia to End Contracts with Foreign Companies Without a Regional HQ in the Kingdom After 2023
- February 16,2021
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- SUSTG Team
Saudi Arabia announced on Monday that it will stop signing contracts with foreign companies from 2024 unless their regional headquarters are based in the Kingdom, part of a push to give more of the Kingdom’s economic opportunities to countries that will hire local talent and compete with neighboring cities in other Gulf nations.
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Crown Prince Mohammed bin Salman Announces Significant New Reforms to Judicial System, Push Toward Codified Law
- February 9,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Monday plans to approve a set of new draft laws designed to enhance the efficiency and integrity of the kingdom’s judicial system, a step that would eventually lead to an entirely codified law.
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Saudi Arabia on Thursday Welcomed President Biden’s Commitment to help the Kingdom Defend Its people and Territory
- February 5,2021
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- SUSTG Team
U.S. President Joe Biden promised to bring an end to the war in Yemen, pulling back further U.S. support for operations within that country while simultaneously promising to boost the U.S.-Saudi relationship and offer U.S. security for the Kingdom and its people.
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MUST-READS
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Aramco IPOSaudi Aramco will exercise 15% greenshoe option in whole or part during first 30 days of trading: statement
The statement issued late on Monday, from Samba Capital, NCB Capital, and HSBC Saudi Arabia, clarified earlier comments carried by Al Arabiya news channel from an executive of NCB Capital saying that the greenshoe option has been exercised.
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Natural GasSaudi Aramco’s shipping arm looks to charter tankers in LNG foray-sources
Saudi Aramco’s shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday.
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Aramco IPOAramco Stock Will Have Plenty of Support When Trading Begins
The inclusion by MSCI should trigger about $2.4 billion in flows into the stock, according to estimates by Saudi Fransi Capital. FTSE Russell also has said it’s studying the potential fast-track inclusion of the stock in its benchmarks.
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Saudi OilFactbox: Saudi Aramco – the oil colossus
Explorers from the Rockefeller family’s Standard Oil Company struck oil in Saudi Arabia in 1938. The venture became known as the Arabia American Oil Company and crude oil production hit500,000 barrels per day in 1949.
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Aramco IPOSaudi Aramco raises $25.6B in world’s largest IPO
The country's oil company Saudi Aramco sold 3 billion shares at $8.53 each, valuing the company at $1.7 trillion as it received total bids of $119 billion.
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InsuranceSaudi Aramco pursues war cover after attacks, sources say
Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters.
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Aramco IPOSaudi Aramco Pitches Itself as the Low-Carbon Investors’ Choice
At the end of the story, only fields that are profitable in a world with strict emissions laws and depressed prices will remain, and from there this world will draw its last drop of oil.
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Aramco IPOKuwait Is Said to Invest as Much as $1 Billion in Aramco IPO
Kuwait’s move follows Abu Dhabi, the oil-rich member of the United Arab Emirates, which has decided to invest $1.5 billion in Aramco, people familiar with the matter said last week.
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Amin NasserAramco CEO Survives Drones, Outlasts Rival in Stormy IPO Year
Saudi Aramco Chief Executive Officer Amin Nasser will find himself at the helm of the world’s largest publicly traded company when the shares of the giant oil producer start trading on the Riyadh stock exchange later this month.
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Saudi Aramco IPOSaudi Aramco IPO secures orders worth $38 billion from institutions
Saudi Aramco has received orders worth 144.1 billion riyals ($38.4 billion) for the institutional tranche of its planned initial public offering (IPO), its financial advisers said in a joint statement on Monday. The institutional bookbuilding began on Nov. 17 and investors have until Dec. 4 to place orders. Aramco plans to sell 1.5% of its shares, in a deal which could raise up to $25.6 billion.
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