Analysis

OIL MARKETS

Big Week for Oil Prices as Major Producers Scramble for a Deal

• SUSTG Team
• |
• 4. 6. 2020

Saudi Arabia, Russia, OPEC countries and the United States are hoping this week a deal can be reached on production cuts to prevent the price of oil from falling further on international indices, but some analysts and market observers are skeptical that such a deal can come together.

• G20

  

  Saudi Arabia’s King Salman Chairs Virtual Gathering of G20 Countries to Combat COVID-19

  SUSTG Team  |  3. 26. 2020

  Saudi Arabia's King Salman chaired a virtual G20 summit via video teleconference with world leaders to address the COVID19 crisis under the G20 Saudi Arabia Presidency.

• 

  Jadwa Macroeconomic Update: COVID-19 ‘Changes Everything, for Now’

  SUSTG Team  |  3. 19. 2020

• Housing

  

  Report: Saudi Plans $6bn Surge in Mortgage Refinancing

  SUSTG Team  |  3. 5. 2020

  Saudi Arabia’s first mortgage refinancing firm "aims to raise its holdings of home-loan portfolios by 10 times this year," Bloomberg reports.

• U.S.-Saudi Relations

  

  Pompeo Meets with King Salman, FM Prince Faisal bin Farhan in Riyadh

  SUSTG Team  |  2. 20. 2020

  Secretary of State Mike Pompeo met with King Salman and Foreign Minister Prince Faisal bin Farhan in Riyadh today, photos from the Saudi Press Agency show.

• Exports

  

  Saudi Cabinet Gives Approval to Saudi Export and Import (Exim) Bank, Launch Expected Soon

  SUSTG Team  |  2. 18. 2020

  Saudi Arabia's Council of Ministers has approved regulations for the creation of a new Saudi Export and Import (Exim) Bank on Tuesday during a session presided over by Custodian of the Two Holy Mosques King Salman at Al-Yamamah Palace.

• Economy

  

  Jadwa Investment: Saudi Inflation Set to Rise Slightly in 2020; Non-Oil Private Sector to Pick Up

  SUSTG Team  |  2. 5. 2020

  A recently-released report by Jadwa Investment notes that the Kingdom will see a slight increase in inflation in 2020 on expectations of a continued pick-up in non-oil activities and an elevated level of consumer spending.

• Blockchain

  

  Saudi Aramco Makes $5 million Investment in Blockchain-Based Oil Trading Company VAKT

  SUSTG Team  |  1. 28. 2020

  Saudi Aramco Energy Ventures (SAEV) has invested $5 million into blockchain-based oil trading company VAKT, the company said in a press release.

• Saudi-Israel

  

  Israelis Can Now Go to Saudi Arabia For Religious Pilgrimages, Business Visits, Israel Says; Saudi Says ‘Our Policy is Fixed’

  SUSTG Team  |  1. 27. 2020

  A new rule from Israeli leaders will allow Israeli Muslims to go to Saudi Arabia for religious pilgrimages and permit business trips to the Kingdom, according to reports.

• Tourism

  

  Kingdom’s Domestic Tourism, Entertainment Push Leads to Declines in Saudis Visiting Dubai

  SUSTG Team  |  1. 24. 2020

  The number of Saudi tourists visiting Dubai in 2019 dropped as Saudi Arabia begins to see major gains in its domestic tourism market and local entertainment offerings.