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Recent stories from sustg
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Saudi Aramco Energy Ventures Prepares New $500m Fund, Opens Office in China
- January 13,2020
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- SUSTG Team
Saudi Aramco Energy Ventures (SAEV), a unit of the kingdom’s energy company, is preparing to start a new $500 million fund this year after completing $500m in investments, Bloomberg reports.
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Riyadh’s Night Skies Light Up with New Years Fireworks for the First Time
- January 1,2020
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- SUSTG Team
The night sky over Riyadh was illuminated with fireworks and light shows to celebrate the beginning of the new decade last night.
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Unemployment declines in Saudi Arabia, further gains seen in 2020 – Jadwa Investment
- December 18,2019
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- SUSTG Team
Unemployment in Saudi Arabia declined in the 3q 2019 and is likely to continue to improve as a pick-up in the non-oil private sector growth should translate to more jobs, according to a recent report from Jadwa Investment.
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Pensacola Shooting Puts U.S.-Saudi Relations in Spotlight; Trump Speaks with King Salman and Crown Prince
- December 9,2019
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- SUSTG Team
A Saudi soldier in training in the United States opened fire on a naval base in Pensacola, Florida on Friday, killing three and wounding 12. Second Lt. Mohammed Saeed Alshamrani was then killed by a sheriff’s deputy who responded to the attack. The attack shocked Saudis and Americans alike.
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Saudi Economy: Consistent Growth in Non-Oil Activity, Modest Overall Growth Forecasted for 2020 — Jadwa Investment
- November 27,2019
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- SUSTG Team
Jadwa Investment has revised downward its forecast for economic growth in Saudi Arabia this year from 1.6% to 0.2% based on recent data, the Riyadh-based firm said in a recently-released report.
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China’s Imports of Saudi Oil Soar 76% in October as Demand Increases
- November 25,2019
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- SUSTG Team
China’s crude oil imports from Saudi Arabia rose over 75% in October as demand from new refiners was met by the Kingdom, according to Reuters data. The 76.3% rise in October was boosted by demand particularly from from two new integrated refineries, the Hengli Petrochemical Co. in the north, and Zhejiang Petrochemical in the south, Reuters reports. […]
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Aramco Quickly Met Global Demand After Attacks, Saudi Arabia’s King Salman Says in Annual Address
- November 20,2019
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- SUSTG Team
Saudi Arabia’s King Salman said in his annual address to the Shoura Council on Wednesday that the ability of Saudi Aramco to quickly restore oil production capacity after attacks on its facilities in September “had proven the kingdom’s ability to meet global demand during any shortage,” Reuters reports. The King pointed a finger at Iran […]
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Saudi Arabia’s PIF Reportedly Invests $400m in Disruptive Food Startup Founded by Travis Kalanick
- November 8,2019
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- SUSTG Team
Saudi Arabia’s Public Investment Fund has invested $400 million into Uber founder Travis Kalanick’s new company CloudKitchens, according to the Wall Street Journal. CloudKitchens is a food and real estate startup that buys cheap properties across the U.S. and in India, China, the U.K. and elsewhere. “The hope is that their proximity to densely populated areas will make them […]
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Defense Secretary Esper in Riyadh for Surprise Visit; Kushner, Mnuchin to attend Future Investment Initiative
- October 22,2019
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- SUSTG Team
Secretary of Defense Mark Esper arrived Monday in Saudi Arabia for an unannounced visit as the U.S. and Saudi Arabia seek to bolster their joint defense in the face of rising regional tensions. Secretary Esper met with Saudi Arabia’s King Salman in Riyadh, photos show, and Esper said he discussed the deployment of U.S. forces and […]
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Law Firm Pillsbury Analyzes First Cases in Saudi Arabia’s New Bankruptcy Law
- October 11,2019
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- SUSTG Team
Law firm Pillsbury published a research note highlighting the recently passed bankruptcy law in Saudi Arabia that incorporated modern alternatives to liquidating businesses in the Kingdom, using the first cases decided by the Saudi judiciary as case studies. “For several years now, judges in [bankruptcy] courts have been involved in seminars and training workshops to help prepare them to rule […]
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MUST-READS
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Saudi-ChinaChina holds first anti-terror drills with Saudi Arabia
Special forces from China and Saudi Arabia have held their first joint anti-terrorism drills, state media reported on Thursday, China's latest effort to expand security ties with countries in the Middle East and its Muslim neighbors.
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EgyptEgypt is building a new capital — and China is bankrolling it
The Egyptian government is determined to build a new capital in the desert 28 miles southeast of this iconic city — and it's no longer a mirage now that China is bankrolling most of the $45 billion project.
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IMFIMF sees productive talks on Egypt loans with China, Saudi Arabia
The International Monetary Fund said on Thursday it has held "very productive discussions" with authorities in China and Saudi Arabia about them contributing to $5 billion to $6 billion in additional bilateral gap financing needed for Egypt.
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Oil ExportsIs China Deliberately Trying To De-Rail The Russia/Saudi Oil Deal?
China, the world’s largest oil consumer, has been increasing oil imports and feasting on the low crude oil prices. Could Russia and Saudi Arabia’s plan to stabilize crude oil prices cut into China’s oil hoarding plans?
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MBS Asia VisitImportant deals signed during Saudi prince’s visit to China
An important aspect of the trip dealt with security. Chinese Defence Minister Chang Wanquan said China was willing to increase its military relationship with Saudi Arabia.
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Climate AgreementU.S., China formally join international climate deal
President Barack Obama and Chinese President Xi Jinping formally committed their countries to last year's Paris climate change agreement on Saturday, ratcheting up pressure on other nations to follow suit.
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Saudi-ChinaSaudi Arabia and China sign MoU to build 100,000 residential units
In a press statement, Al-Huqail said that these memoranda seek to achieve the Housing Ministry’s strategic aim in stimulating the real estate supply and raising productivity.
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Saudi-ChinaForeign Minister Adel Al-Jubeir on China-Saudi Arabia ties, G20
"China is committing to build up a new Silk Road called the 'One Belt One Road.' Saudi Arabia will vigorously participate, especially in west Asia and Middle East parts of new Silk Road," he said.
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Saudi-ChinaCommentary: The geo-strategic significance of Saudi Arabia’s growing relations with China
Saudi Arabia’s 2030 Vision and China’s OBOR are mutually beneficial and help cement a united vision, possibly one of more exciting components of the emerging geo-strategic engagements between Riyadh and Beijing.
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Saudi-ChinaDeputy Crown Prince in China to Present “Saudi Vision 2030”
Deputy Crown Prince, Second Deputy Prime Minister and Minister of Defense Mohammed bin Salman, arrived to Beijing, Monday, on the second stop of his official tour to Pakistan, China and Japan.
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