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Recent stories from sustg
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As Saudi Non-Oil Revenue Soars, Uncertainty Looms Over Oil Market
- October 30,2020
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- SUSTG Team
Saudi Arabia saw a significant boost in non-oil revenue in the third quarter of this year, with an increase of 63% year-on-year to SR123 billion ($32.8 billion), new data shows, an encouraging trend for policymakers as the market for oil continues on an uncertain path in the face of a global pandemic and global economic slowdown.
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Images: Architect Jean Nouvel Reveals Design for Sharaan Resort in Al-Ula, Saudi Arabia
- October 28,2020
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- SUSTG Team
French architect Jean Nouvel unveiled his design for Sharaan, a new resort hidden within the rock dwellings of Al-Ula, a cultural oasis in north-west Saudi Arabia.
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Top Names in Golf Commit to Saudi International Tournament in February
- October 27,2020
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- SUSTG Team
Saudi Arabia’s annual golf tournament secured two of the sports top names to compete in February, winning commitments from the world’s top-ranked golfer and the latest major championship winner on Monday to play in the Saudi International. Dustin Johnson, the world’s number one golfer, and Bryson DeChambeau, who won the U.S. Open by six strokes in […]
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Arab News Launches ‘Research and Studies’ Unit to Deliver ‘Thought-Provoking Studies by Experts on Regional Affairs’
- October 13,2020
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- SUSTG Team
Arab News, Saudi Arabia’s leading English-language daily news publication, has announced the establishment of a new Research and Studies Unit (RSU) which will “deliver thought-provoking studies written by a team of acclaimed resident and non-resident experts on a number of regional affairs,” according to a press release from the company.
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U.S. Again Tops Arms Exporters to the Middle East, Saudi Arabia, Report Says
- September 25,2020
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- SUSTG Team
A newly released report by the Center for International Policy finds the U.S. dominated arms and defense exports to the Middle East region between 2015-2019, accounting for nearly half of all deliveries of major weapons systems.
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G20 Trade and Investment Ministers Meet as Kingdom Reportedly Suggests Delay Main Summit until December
- September 22,2020
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- SUSTG Team
Trade and Investment Ministers from the G20 held a meeting today under the Saudi G20 Presidency to strengthen trade and investment policy cooperation towards an inclusive and sustainable economic growth amid the COVID-19 pandemic.
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Saudi Arabia’s Oil Exports to the U.S. Hit 35-Year Lows as Goldman Sees Oil at $65 Next Year
- September 2,2020
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- SUSTG Team
Saudi Arabia’s oil exports to the United States fell nearly 50% year-on-year in August 2020, reaching a 35-year low in oil imported from the Kingdom, according to CNN which cited info from ClipperData.
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Brent Oil Reaches 5 Month High as Saudi Aramco Announces Discovery of Two New Oil and Gas Fields
- August 31,2020
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- SUSTG Team
The price of oil on the UK’s Brent Oil index reached a 5-month high on Monday as supply output cuts continue to push the price of oil higher, according to reports.
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PIF Sets Up New Real Estate Subsidiary to Help Meet Increasing Local Demand for Housing
- August 20,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) said it had set up a new real estate subsidiary, called “Roshn,” to help meet increasing local demand for housing, according to reports.
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Saudi Mega-city NEOM Signs Agreement with US-based Bechtel for Executive Project Management Work
- August 12,2020
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- SUSTG Team
Saudi Arabia’s futuristic mega-city NEOM has awarded a contract to U.S.-based Bechtel for executive project management work on the development of the primary, base infrastructure for NEOM, according to a press release issued by NEOM.
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MUST-READS
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Middle East EconomyUS and China offer new Middle East trade potential
Trump seals $380bn in deals with Saudis while new Silk Road fosters ‘south-south’ links
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China RefineryChina’s Norinco and Saudi Aramco line up $10 bln refinery plan
Chinese defence conglomerate China North Industries Group Corp (Norinco) has signed a framework agreement with state-run oil company Saudi Aramco to build a refinery and chemicals complex in northeast China, industry and government officials said on Tuesday.
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Technology in IsraelIsrael’s high-tech sector is thriving, and now China wants in on the action
Go to Israel and chances are you'll install some new apps on your phone, just to keep up.
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China in the RegionChina’s Big Play for Middle East Oil
China's Middle East energy footprint has been expanding. In February, it made a deal for a stake in Abu Dhabi’s onshore oil. In March, Saudi Arabia’s King Salman bin Abdulaziz travelled to China to strengthen trade ties, and now a Chinese consortium is lining up for a stake in the Aramco IPO.
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Defense SpendingDefense spending – Saudi Arabia Beats USA & China On A Per Capita Basis
If the past decade’s increases in military budgets are viewed in per capita terms, the big spender is Saudi Arabia (40%). In contrast, defense expenditures have climbed slower in China and India (less than 15% each); and even less in Russia (6%).
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ME Refugees in ChinaChina’s ‘Christmas Town’ opens doors to Middle East migrants but future uncertain
An influx of Arab entrepreneurs - most of them on short-term business visas - has transformed the city into a bustling multi-cultural hub with numerous Middle Eastern restaurants and its own mosque.
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Syria StrikePerspective: Trump’s Decisive Move on Syria Puts China, Russia and World on Notice
The U.S. attack on the al-Shayrat airbase, from which the chemical attack was launched, has at least as much to do with realpolitik as it does with punishing a dictator for committing a crime against his own people.
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Capital PunishmentChina, Iran, Saudi Arabia executed most people in 2016
Number of executions drop worldwide, Amnesty International says, attributing decrease mainly to fewer hangings in Iran.
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Saudi Aramco IPOPetroChina latest Chinese oil major to consider Saudi Aramco listing
PetroChina will consider taking part in national oil giant Saudi Aramco’s initial public offering based on market conditions, it said on Thursday, the second Chinese oil major to discuss becoming an investor this week.
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Saudi-ChinaChina to open a drone factory in Saudi Arabia
China will construct a new facility to produce unmanned aerial vehicles in Saudi Arabia, following a recent visit from Saudi King Salman bin Abdulaziz.
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