Analysis

PETROCHEMICALS

Saudi Arabia’s Sipchem, Sahara Eye U.S. and Asia Deals after Merger – Report

• SUSTG Team
• |
• 5. 14. 2019

Saudi International Petrochemical Co (Sipchem) and Sahara Petrochemical "plan to target acquisitions and joint ventures in the United States and Asia when their merger is completed in order to expand market reach," Reuters reports, citing top executives.

• Entertainment

  

  PIF-Subsidiary Launches 1 Million Square Meter Amusement Park, Other Projects in Eastern Province

  SUSTG Team  |  5. 1. 2019

  Saudi Entertainment Ventures (SEVEN), a subsidiary of the Public Investment Fund (PIF), said on Wednesday that it was launching its largest project to date in the Eastern Province of the Kingdom - an amusement park, along with other entertainment projects.

• Oil Markets

  

  End of U.S. Waivers on Iranian Oil Looms Large on Future OPEC Output Quotas, Jadwa Says

  SUSTG Team  |  4. 25. 2019

  A recently released report by Jadwa Investment examines the potential impact of the decision by the Trump administration to not extend all waivers on Iranian oil beyond May 2nd.

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  Saudi Government Data Reveals Large-Scale Crackdown on Illegal Workers, Residents

  SUSTG Team  |  4. 22. 2019

• Lockheed Martin

  

  Lockheed Clinches $2.4 billion Deal for Sale of ‘Crown Jewel’ THAAD missiles to Saudi Arabia, Part of $15 billion Package

  SUSTG Team  |  4. 2. 2019

  Bethesda, Maryland-based Lockheed Martin Corporation was awarded a $2.4 billion Pentagon contract on Monday for THAAD interceptor missiles, some of which will head to Saudi Arabia, Reuters reports.

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  Inflows Surge as Tadawul Upgrades to Inclusion in FTSE Russell and S&P Dow Jones Emerging Market Indices

  SUSTG Team  |  3. 18. 2019

• Ports and Logistics

  

  Ambitious Goals for Saudi Ports in Vision 2030 Drive

  SUSTG Team  |  3. 15. 2019

  The Saudi Ports Authority says it aims to reduce container time at its ports to three days by 2020 while simultaneously pushing for more than double handling by 2030, according to the Saudi Press Agency and other reports.

• Global Oil Markets

  

  Saudis ‘interested in market stability first and foremost’ despite Trump’s tweets

  SUSTG Team  |  2. 27. 2019

  President Trump's attempts to restrain oil prices have a reduced impact as Saudi Arabia says it will continue output cutbacks aimed at raising the price on global indices.

• Technology

  

  Visa Launches Apple Pay in Saudi Arabia as Executives Continue Probe of Absher App

  SUSTG Team  |  2. 19. 2019

  Visa on Tuesday launched Apple Pay in Saudi Arabia, allowing its Kingdom-based cardholders to make payments using their Apple devices, according to reports.

• Saudi EXIM Bank

  

  Saudi Arabia to establish an independent export and import finance bank

  SUSTG Team  |  2. 8. 2019

  Saudi Arabia will establish an independent export and import finance bank with a capitalization of SAR 30 billion riyals ($8 billion) to provide financing to local exporters and foreign importers, the UAE-based The National reports.