Analysis

ECONOMY

Saudi Arabia’s Economy Still Shrank in 3Q Despite Rebound Trend

• SUSTG Team
• |
• 12. 17. 2020

Saudi Arabia’s economy shrank more slowly in the third quarter of this year as the government relaxed some measures put in place to curb the spread of the Coronavirus but the oil sector continued to weigh on the Kingdom's overall economic outlook, according to reports.

• Health

  

  Saudi Arabia Registers Pfizer COVID-19 Vaccine for Import, Distribution in Kingdom

  SUSTG Team  |  12. 10. 2020

  Health authorities in Saudi Arabia have registered the Pfizer-BioNTech COVID-19 vaccine for import and use in the country, state news agency SPA said on Thursday.

• Road to the G20

  

  Road to the G20: G20 Leader’s Summit Publication Released Ahead of Virtual 2020 Summit

  SUSTG Team  |  11. 20. 2020

  Organizers of the G20 in Riyadh released the summit's Annual Publication ahead of the G20 leadership summit, beginning tomorrow and taking place virtually due to the Coronavirus pandemic.

• Oil Markets

  

  Rising Coronavirus Cases, Lockdowns Globally Will Hurt Oil Demand More than Previously Thought in 2021, OPEC Says

  SUSTG Team  |  11. 11. 2020

  A global surge in Coronavirus cases and resulting lockdowns in late 2020 will cause oil demand to rebound more slowly in 2021 than previously thought, OPEC said on Wednesday. The surge in Coronavirus cases will hamper efforts by OPEC and its allies to support the market, Reuters reports.

• G20 Saudi Arabia

  

  Road to the G20: B20, T20 Meetings Conclude Ahead of Main G20 Event

  SUSTG Team  |  11. 2. 2020

  SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. Saudi Arabia just wrapped up the hosting of the B20 business-focused group, as well as the T20 meetings last week.

• G20

  

  Road to the G20: Two-Day Virtual B20 Begins Today

  SUSTG Team  |  10. 26. 2020

  SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. This week, Saudi Arabia will host the B20 business-focused group, as well as the T20 meetings later this week.

• Coronavirus

  

  Strict Countermeasures Continue to Pay Off as Saudi Arabia’s Covid Deaths Hit New Lows

  SUSTG Team  |  10. 23. 2020

  Strict rules and regulations in place and an elevated social awareness of the danger of the coronavirus continues to pay dividends in stopping the spread of the virus in Saudi Arabia, data confirms.

• Economy

  

  IMF Sees Contraction in 2021 for Middle East Economies, With Oil Prices in $40-$50 Range

  SUSTG Team  |  10. 20. 2020

  The International Monetary Fund (IMF) downgraded its outlook for Middle East and Central Asian economic recovery, predicting a 4.1% contraction for the region as a whole, according to latest data released by the international organization.

• Saudi Aramco

  

  Saudi Aramco in Talks with BlackRock, Others for $10 Billion Pipeline Deal

  SUSTG Team  |  10. 14. 2020

  Saudi Aramco is in talks with U.S.-based global investment management corporation BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources told Reuters, although the deal is still in early stages.

• Saudi National Day

  

  Saudi Arabia Celebrates 90th National Day

  SUSTG Team  |  9. 23. 2020

  Saudis around the world are celebrating Saudi Arabia's 90th National day today, the Kingdom’s top national holiday dedicated to the history of the Kingdom as a unified state.