Analysis

Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy

• SUSTG Team
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• 9. 29. 2023

Saudi Aramco has signed a $500 million agreement to buy a minority stake in liquefied natural gas company MidOcean Energy. This is Aramco's first investment in LNG and is part of the company's efforts to diversify its activity beyond its core oil business.

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  KSA Climbs to 16th in World Competitiveness Ranking

  SUSTG Team  |  6. 19. 2024

  Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.

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  Nusuk pilgrim card launched

  SUSTG Team  |  5. 3. 2024

  With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.

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  Saudi Arabia Condemns Two Deadly “Terrorist” Explosions in Iran; Islamic State Claims Responsibility

  SUSTG Team  |  1. 4. 2024

  Saudi Arabia has condemned two deadly explosions in Iran at a ceremonial procession that killed and injured hundreds and put the region on edge. The explosions struck minutes apart on Wednesday, shaking the city of Kerman, about 820 kilometers southeast of the capital, Tehran.

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  Shares of oil and gas driller ADES Holding Climbed Almost 30% above its listing price on its market debut in Riyadh

  SUSTG Team  |  10. 11. 2023

  Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month, according to Reuters.

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  As Tourism Sector in Saudi Arabia Soars, Officials Revise Upward Visitor Goals

  SUSTG Team  |  9. 28. 2023

  As the tourism sector continues to outperform in Saudi Arabia, Saudi Arabia's top officials are revising upward its visitor goals from previously targeted levels which were once considered by some to be unachievable when originally set forth.

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  The 966 Episode #131, How growing Saudi sports participation is impacting Saudi fashion, with Reiting Lee, Founder, The Oriental Hybrid

  SUSTG Team  |  6. 17. 2024

  Reiting Lee, fashion strategy consultant and experienced brand specialist joins The 966 and host Richard Wilson for a fascinating Episode #131 to discuss how booming Saudi sports participation is impacting the fashion sector, particularly sportswear and athleisure.

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  10th Saudi Film Festival Underway

  SUSTG Team  |  5. 2. 2024

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  Secretary Blinken to Visit Saudi Arabia on Regional Diplomatic Tour to Contain Regional Spread of Violence

  SUSTG Team  |  1. 5. 2024

  U.S. Secretary of State Antony J. Blinken will travel to the Middle East region this week to "discuss urgent mechanisms to stem violence, calm rhetoric, and reduce regional tensions," according to a press release from the State Department.

• Saudi Arabia’a Allocating $267 Million to Intellectual Property Strategy, a Sign That Kingdom is ‘Prioritizing a Knowledge-Based Economy’

  SUSTG Team  |  10. 12. 2023

  The allocation of $267 million to the Intellectual Property Strategy is a signal that Saudi Arabia is "prioritizing a knowledge-based economy," according to an item in the International Intellectual Property Law Association website.