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Recent stories from sustg
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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
- May 26,2022
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- SUSTG Team
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
- May 18,2022
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- SUSTG Team
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.
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New Rules Build on Saudi Efforts to Eliminate Use of Islamic Charities for Extremist Funding
- April 21,2022
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- SUSTG Team
New rules from the Saudi government have been put in place to make it harder for charities in Saudi Arabia to become donators to extremists causes both inside and outside of the Kingdom, according to a report. The Saudi Public Prosecution has banned the establishment of private websites to collect donations for charitable work outside the kingdom, in […]
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In Speech, Head of Yemen’s New Presidential Council Rashad Al-Alimi Pledges Peace
- April 11,2022
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- SUSTG Team
The head of Yemen’s new presidential council Rashad Al-Alimi said on Friday he would end the war with a commitment to a peace process, in his first speech since power was delegated to the body by the Saudi-backed president this week, according to Reuters.
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Venture capitalist Amjad Ahmad joins The 966 to talk about Saudi Arabia’s startup ecosystem
- April 6,2022
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- SUSTG Team
The Kingdom’s nascent startup ecosystem is growing in nearly every metric, but is still in its early stages. How can Saudi Arabia continue to develop it so that it stands on its own? Amjad Ahmad, managing partner of the VC firm Precinct Partners and director and resident senior fellow of empowerME at the Atlantic Council’s […]
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President Biden Praises Saudi Efforts Toward Peace in Yemen; Two-Month Ceasefire Begins
- April 4,2022
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- SUSTG Team
A UN-brokered two-month ceasefire in Yemen began on Sunday with warring parties agreeing to avoid conflict as the Holy Month of Ramadan begins, with President Biden praising Saudi Arabia’s diplomatic efforts in a statement.
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Saudi Arabia Qualifies for the World Cup in Qatar after Australia Loss
- March 24,2022
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- SUSTG Team
Saudi Arabia has qualified for the World Cup in Qatar from Asia Group B after Australia lost to Japan 2-0 in Sydney, according to the Associated Press. With that win, Japan was on top of the group with 21 points, two ahead of Saudi Arabia before it faced China later Thursday.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Saudi Women Cheer Kingdom’s New Personal Status Law
- March 10,2022
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- SUSTG Team
Saudi Arabia’s new personal status law which will further empower Saudi women will be enacted within 90 days, Saudi Arabia’s Crown Prince Mohammed bin Salman said, noting that it was “comprehensive in addressing all the problems that the family and women were suffering from.”
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Latest Jadwa Chartbook: Saudi Investors Unfazed So Far on Russian Invasion; Consumer Spending Climbs
- March 2,2022
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- SUSTG Team
The latest edition of the monthly chartbook from Jadwa Investment found some encouraging data points on the Saudi economy, as observers of the Kingdom look for a strong year of growth in 2022.
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MUST-READS
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Saudi Oil PolicyFor Saudi Aramco, a Pivot to Asia
Aramco has invested in three processing facilities in Asia and is on the cusp of a dramatic increase in its commitments to the region, in countries from Indonesia to Vietnam. Owning refineries “in Asia is part of a long-term strategy to consolidate” the Saudi market share in a key region, says Mustafa Ansari, an analyst at Arab Petroleum Investments, a state-controlled development bank in Dammam, the city at the heart of Saudi oil country.
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AramcoSaudi Aramco in drive to buy locally made equipment
Amin Nasser, Saudi Aramco chief executive, said the company would spend $300bn over the next decade on goods and services used in the production of oil and gas, with the majority of these funds aimed at locally made equipment.
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Saudi AramcoSaudi Aramco, Hyundai Heavy ink partnership agreement
MoU lays out a comprehensive, multi-faceted business cooperation framework in areas such as engineering, procurement and construction (EPC), downstream, and the development of a casting and forging facility.
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Saudi AramcoSaudi Aramco says it foils fraud attempt involving India
Saudi Arabian Oil Co. says it foiled a fraud attempt involving scammers pretending to work for India’s state-owned Oil and Natural Gas Corp. after a newspaper report claimed the kingdom’s oil firm was the victim of a massive cybercrime.
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Saudi AramcoSaudi Aramco considers new Yanbu refining complex
State oil giant Saudi Aramco is considering building a $20 billion refining and petrochemical complex at Yanbu on the Red Sea coast, industry sources familiar with the matter said.
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Saudi - ChinaSaudi Aramco in talks to buy CNPC refinery stake, retail assets -sources
Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as retail assets, people familiar with the matter said - a deal that would help it sell more of its output to China amid growing competition. The deal is estimated to be worth around $1 billion to $1.5 billion, although final valuations, assets and stakes are subject to change, they said.
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Saudi AramcoSaudi Aramco buys 50% of Lanxess’ rubber unit
The partnership with Saudi Aramco will give the business access to competitively-priced commodities, including crude oil, as it looks to reduce input costs.
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Natural GasSaudi Aramco almost completes Wasit project, awaits offshore gas
Saudi Aramco has almost finished the construction of its giant Wasit gas project but is processing gas from the Karan gas field and not from the offshore fields designated to feed the gas plant, industry sources said.
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Saudi AramcoUpstream expert Nasser to lead Saudi Aramco
In his recent speeches, he has talked about harnessing new technology and empowering young people, said the expert. “Everybody is excited over his confirmation as the chief,” he said. “He is a very amiable and well-liked person.”
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Saudi AramcoSaudi Aramco Says Nasser New CEO of World’s Biggest Oil Firm
Nasser, senior vice president for upstream until May, will become the fourth Saudi national to head Aramco since its inception in 1933, after Oil Minister Ali al-Naimi, Abdullah Jumah and Al-Falih.
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