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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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U.S. Commandos Use Secretive Missiles to Kill Qaeda Leaders in Syria
Other American military and counterterrorism officials, as well as the Syrian Observatory for Human Rights, said that the Hellfire missile strike killed Sayyaf al-Tunsi, a Tunisian who was a senior planner of Qaeda attacks against the West, including the United States. U.S. military officials said Mr. al-Tunsi’s death would disrupt operations of the Qaeda affiliate, called Hurras al-Din.
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Pompeo warns Iraq U.S. plans Baghdad embassy pullout
The United States has told the Iraqi government and its diplomatic partners that it's planning a full withdrawal from its embassy in Baghdad unless Iraq reins in attacks on personnel linked to the American presence there — a move that Iraqi officials said caught them by surprise.
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As Afghanistan peace talks stutter, U.S. says violence levels too high
The level of violence in Afghanistan is unacceptably high and the United States expects further setbacks during talks, the Special Representative for Afghanistan said on Tuesday, as the Afghan government and Taliban remained far apart on even basic issues 10 days into talks meant to end two decades of war.
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U.S. and UAE eye December goal to agree on F-35 deal
With that in mind Washington is studying ways to make the Lockheed Martin Corp F-35 more visible to Israeli radar systems, two sources said. Reuters could not determine if this would be done by changing the jet or providing Israel with better radar, among other possibilities.
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As U.S. Increases Pressure, Iran Adheres to Toned-Down Approach
Iran recalculated after the pandemic devastated the world economy, making any sort of attack on oil production ineffective. Iran also now believes that any strike beyond covert cyberattacks would benefit Mr. Trump, allowing him to rally his base and give the United States an opportunity for a military response, according to American, allied and Iranian officials.
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U.S. to slap sanctions on over two dozen targets tied to Iran arms
The United States on Monday will sanction more than two dozen people and entities involved in Iran’s nuclear, missile and conventional arms programs, a senior U.S. official said, putting teeth behind U.N. sanctions on Tehran that Washington argues have resumed despite the opposition of allies and adversaries.
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In U.S. ally Bahrain, Israel deal rallies a weakened opposition
Bahrain may have won international praise for following in the United Arab Emirates’ footsteps and establishing ties with Israel, but the dramatic move by the close U.S. ally could stir a new wave of opposition at home.
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U.S. hopes to name Qatar as major non-NATO ally, official says
The United States hopes to move forward with naming Qatar as a major non-NATO ally, a status that provides foreign nations with benefits in defense trade and security cooperation, a senior U.S. official said on Thursday. “We’re going to move ahead, we hope, with designating Qatar a major non-NATO ally,” Timothy Lenderking, the U.S. deputy assistant secretary of state for Arabian Gulf affairs, told reporters in a conference call.
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U.S. House Democrats attack Pompeo aides on Saudi weapons, cite war crimes concerns
Top aides to U.S. Secretary of State Mike Pompeo went before a congressional committee on Wednesday to defend President Donald Trump’s dismissal of the former State Department inspector general as he investigated weapons sales to Saudi Arabia and allegations that Pompeo misused department funds.
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Top Pompeo aides face U.S. House Democrats over Saudi weapons, official’s firing
His firing was one of a series of Trump’s dismissals of officials responsible for preventing fraud and abuse at government agencies. The firings prompted concern among members of Congress, including some of Trump’s fellow Republicans, over whether Trump was interfering with legitimate oversight.
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