Analysis

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.

• Corruption

  

  King Salman Issues Rare Royal Decree Firing Tourism Officials over Corruption Allegations – SPA

  SUSTG Team  |  8. 21. 2020

  Saudi Arabia's King Salman has issued a rare royal decree firing a number of officials for legal violations and alleged corruption at tourism projects, including the Red Sea Project and Al-Ula, state news agency SPA reported.

• King Salman

  

  Saudi Arabia’s King Salman Arrives in NEOM for Vacation, Recovery Period

  SUSTG Team  |  8. 13. 2020

  Saudi Arabia's King Salman bin Abdulaziz traveled to NEOM in the Kingdom's northwest on Wednesday for a period of rest and relaxation, according to state news agency SPA and Reuters.

• Education

  

  Saudi Arabia’s Schools, Universities Eye August 30th for Restart of Educational Programs

  SUSTG Team  |  8. 6. 2020

  Saudi Arabia is beginning to plan to reopen its schools and universities with a target date of August 30th, according to reports. The Kingdom closed schools and universities on March 9.

• Economy

  

  Report: Saudi Arabia’s Government Revenue in 2Q 2020 Down by 49% Year-on-Year, but Diversification Push Continues Apace

  SUSTG Team  |  7. 28. 2020

  The twin crises of the Coronavirus and Saudi-led efforts to stabilize the price of oil in the second quarter of this year lead to a sharp decline in the Kingdom's government revenues, Bloomberg reports.

• Oil Markets

  

  For Global Oil Demand, ‘The Worst Seems to be Over’

  SUSTG Team  |  7. 21. 2020

  According to latest OPEC forecasts, "the worst seems to be over with respect to global oil demand" as expectations of a rebound for the second half of this year and a positive forecast for 2021 brighten outlooks, a recent report from Riyadh-based Jadwa Investment says.

• NEOM

  

  U.S. Corporation Air Products and Chemicals, NEOM, and ACWA Power Sign Accord for $5b Renewable Energy-Powered Ammonia Plant

  SUSTG Team  |  7. 8. 2020

  U.S. corporation Air Products and Chemicals signed an accord with Saudi-based ACWA Power International and the kingdom’s planned futuristic city of NEOM to develop a $5 billion hydrogen-based ammonia plant powered by renewable energy, according to reports.