Analysis

OIL

OPEC Revises Downward Outlook for Global Oil Demand as Coronavirus Weighs on Crude Recovery

• SUSTG Team
• |
• 9. 14. 2020

OPEC has downwardly revised its outlook for global oil demand to an average of 90.2 million barrels per day in 2020 (down 9.5% from last year) as the Coronavirus weighs on crude recovery, according to reports, citing a recent publication from OPEC on Monday.

• U.S.-Saudi Relations

  

  King Salman, President Trump Speak by Phone; Discuss ‘Fair and Permanent’ Solution to Israel-Palestinian Peace

  SUSTG Team  |  9. 8. 2020

  Saudi Arabia's King Salman and President Trump spoke by phone over the weekend, discussing several issues of importance to the U.S.-Saudi relationship, including a recent push by President Trump's son-in-law Jared Kushner to make progress resolving the Israel-Palestine issue.

• Economy

  

  Saudi Arabia’s Economy Sees Bright Spots as Coronavirus Cases Continue to Decline

  SUSTG Team  |  9. 1. 2020

  As the Coronavirus spread continues to decline in Saudi Arabia, fresh data from the from the Saudi Arabian Monetary Authority (SAMA) indicates some bright spots for Kingdom's economy, according to Jadwa Investment.

• Economy

  

  Improved Private Sector Sentiment Seen in Latest Saudi Economic Data – Jadwa Investment

  SUSTG Team  |  8. 7. 2020

  Saudi Arabia saw a rebound in some economic data points after Coronavirus-driven shutdowns, according to the latest Jadwa Investment August 2020 Chartbook.

• SRC

  

  Saudi Arabia’s Real Estate Refinance Co. to Acquire Mortgages Worth $800 Million

  SUSTG Team  |  7. 20. 2020

  Saudi Arabia's Saudi Real Estate Refinance Co. (SRC), an arm of the Public Investment Fund (PIF), will acquire mortgages worth SR3 billion ($800 million) from the Public Pension Agency (PPA), according to reports.

• Entertainment

  

  Qiddiya Awards $2.6 billion In Contracts to ‘Speed Up Development’; Diriyah Gate ‘Full Speed Ahead’

  SUSTG Team  |  7. 3. 2020

  Qiddiya, the mega-entertainment complex just outside of Riyadh that is set to transform the leisure landscape in the Saudi capital, announced on Thursday "at least SR10 billion ($2.66 billion) worth of contracts" will be awarded to various companies "to speed up construction," according to reports.

• AMAALA

  

  AMAALA, the Luxury Planned Seaside Resort on Saudi Arabia’s Northwest Coast, Picks Impressive Design for International Airport

  SUSTG Team  |  6. 25. 2020

  AMAALA, the ultra-luxury planned travel destination located along Saudi Arabia’s northwestern coast has unveiled plans for a new international airport, employing an impressive design "inspired by the optical illusion of a desert mirage."

• Oil Markets

  

  With Demand Recovery Accelerating, Oil Markets Tick Up

  SUSTG Team  |  6. 19. 2020

  Stronger consumption of oil globally pushed markets higher on Friday as countries move forward with opening back up despite concerns about the Coronavirus pandemic.

• PIF

  

  Report: PIF to buy 2.32% stake in India’s Jio Platforms for $1.49 billion

  SUSTG Team  |  6. 18. 2020

  “We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth,” PIF Governor Yasir Al-Rumayyan said in the statement.

• Coronavirus

  

  Second Wave: Saudi Arabia Continues Battle Against COVID-19 Spread; 3,717 New Cases Reported

  SUSTG Team  |  6. 10. 2020

  Saudi Arabia announced 36 more Coronavirus deaths and 3,717 new cases of the disease on Wednesday, a significant uptick in cases as the Kingdom deals with a second wave after initial efforts in flattening the curve.