Analysis

PIF

Report: Kingdom Owns a Majority Stake in Tesla Rival Lucid Motors

• SUSTG Team
• |
• 6. 26. 2020

Saudi Arabia has amassed a more than 50% stake in California EV startup and Tesla rival Lucid Motors, according to a report in The Verge.

• 

  Aerial View of Jeddah Port Stars in NASA Earth Observatory’s Image of the Day

  SUSTG Team  |  6. 24. 2020

• Entrepreneurship

  

  New York-based Wahed Invest, an Online Halal Investment Platform, Secures Funding from Saudi Aramco

  SUSTG Team  |  6. 8. 2020

  New York-based online Islamic investment platform Wahed Invest has secured backing from Saudi Aramco, the world’s biggest company, to expand into the Middle East and make Riyadh its hub for the region, according to Bloomberg.

• Public Investment Fund

  

  Analysis: With Saudi Arabia’s PIF Investment in Two Canadian Energy Companies, Strategic Investment Shift Continues

  SUSTG Team  |  6. 3. 2020

  Saudi Arabia's Public Investment Fund (PIF) invested in two Canadian energy companies in the first quarter of 2020, expanding its holdings in the sector likely at lower-than-usual valuations as oil prices hit cyclical lows this year.

• Oil Markets

  

  WTI, Brent set for biggest monthly gains in years

  SUSTG Team  |  5. 29. 2020

  Despite a fall today, crude oil prices are set for their biggest monthly gain in years after historic production cuts and a rebound in demand.

• U.S.-Saudi Relations

  

  U.S., Saudi Forces Conduct Joint Military Exercises on Saudi Islands

  SUSTG Team  |  5. 27. 2020

  Forces from the United States and Saudi Arabia are conducting "routine and joint sustainment training" on and around Karan and Kurayn islands, Kingdom of Saudi Arabia this week, according to a statement from the U.S. Naval Forces Central Command.

• NDF

  

  Kingdom’s National Development Fund Plans Near-Doubling of Funds to Saudi Businesses in 2020

  SUSTG Team  |  5. 22. 2020

  Saudi Arabia's National Development Fund (NDF) plans to provide an extra $5.9bn to Saudi businesses on top of the $6.8 it usually disperses annually, according to reports, as the Kingdom looks to weather the economic headwinds created by the global Coronavirus pandemic and lower oil prices.

• Ramadan 2020

  

  Ramadan Kareem from the SUSTG Team

  SUSTG Team  |  4. 23. 2020

  The SUSTG team wishes to express our warmest wishes on the occasion of the holy month of Ramadan.

• Oil Markets

  

  COVID-19-Induced Oil ‘Demand Destruction’: Jadwa Sees Saudi Crude Production at 9.4 mbpd Average in 2020

  SUSTG Team  |  4. 20. 2020

  With a bleak outlook for oil demand growth in 2020 by OPEC, and recent pledged cuts agreed to by the so-called OPEC+ group of producers last week, Saudi Arabia is set to produce about 2 million barrels per day less on average.

• Oil Markets

  

  Oil Continues Steep Decline; U.S. Crude Reaches 17-Year Low

  SUSTG Team  |  3. 18. 2020

  Oil prices fell for a third session on Wednesday on indices around the world, and U.S. crude futures tumbled to a 17-year low "as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus epidemic," according to Reuters.