Analysis

With Pandemic’s Damage in the Rear View for Saudi Arabia, Consumers Up Spending; Non-Oil Economy Recovers

• SUSTG Team
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• 11. 24. 2021

With Saudi Arabia's success against the pandemic becoming the envy of countries around the world, the Kingdom's economy is roaring back to life on the back of high oil prices and consumer confidence.

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  Reliance, Aramco ‘Mutually Determined’ to Reevaluate $15b Deal, Statement Says

  SUSTG Team  |  11. 22. 2021

  Reliance and Saudi Aramco have "mutually determined" to reevaluate a potential $15 billion investment by Saudi Aramco into Reliance's oil-to-chemicals (O2C) business agreed to in 2019, according to reports and a statement from Reliance.

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  Race to the Finish for Saudi Arabia’s F1 Circuit Track Construction in Jeddah; Officials Say Track will be Ready

  SUSTG Team  |  11. 9. 2021

  Despite media reports that say there is a lot of work left to be done, Formula One's governing body has said it is confident Saudi Arabia will be ready for its grand prix debut next month, multiple sources told Reuters.

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  Saudi Aramco Chief Says World’s Spare Oil Supplies Are Falling Rapidly, Urges Production Investment

  SUSTG Team  |  10. 27. 2021

  Saudi Aramco's CEO Amin Nasser said that oil-output capacity across the world is dropping quickly and companies need to invest more in production, according to a story in Bloomberg. It’s a “huge concern,” Nasser said in an interview in Riyadh. “The spare capacity is shrinking.”

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  The 966, Episode 8 – F1 Grand Prix in Jeddah, The Puzzle of U.S.-Saudi Ties, Tadawul Hits 15 Year High, Solar Costs Rise

  SUSTG Team  |  10. 22. 2021

  This week, The 966 hosts discuss the upcoming COP 26 UN Climate Change Conference in Glasgow, the F1 race in Jeddah, an excellent recent commentary piece by Jon Alterman of the CSIS, Tadawul's 15-year high, and the rising cost of solar energy components in Saudi Arabia.

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  An Interview with the IMF’s Abdullah Hassan, Former Sous-Sherpa for Saudi Arabia for the G20 Meetings

  SUSTG Team  |  10. 14. 2021

  In 2020, Saudi Arabia became the first Arab nation to host the G20 presidency. The G20 Presidency is a massive undertaking, involving close to two years of event planning, policy development and strategy, and much more.

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  As Oil Continues Rise, Saudi Aramco Again Nears World’s Most Valuable Company

  SUSTG Team  |  10. 6. 2021

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  Unemployment Among Saudi Citizens Hits Lowest in the Decade as Economy Continues Recovery

  SUSTG Team  |  9. 30. 2021

  Unemployment of Saudi citizens dropped to 11.3% in the second quarter of this year, the lowest in a decade, according to the government’s General Authority for Statistics, as signs continue to mount that the Saudi economy is continuing to recover from the global pandemic.

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  Diriyah Contemporary Art Biennale, First of its Kind in Saudi Arabia, Announces Artists

  SUSTG Team  |  9. 24. 2021

  The upcoming Diriyah Contemporary Art Biennale - the first art event of its kind to be held in Saudi Arabia - announced participating artists for the exhibition called Feeling the Stones, according to a report in The Art Newspaper.

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  OPEC+ Set to Revise Down ‘Optimistic’ Oil Demand Outlook; Oil Rallies to $73

  SUSTG Team  |  9. 10. 2021

  Two OPEC+ sources told Reuters that OPEC will likely revise down its 2022 oil demand growth forecast on Monday, as the specter of a persistent Delta variant of the coronavirus drags optimism about the global economic recovery.