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The 966, Episode 10 – A World’s Fair in Riyadh, Excavating Al-Ula, and will Saudi Arabia Produce Cars Soon?
- November 5,2021
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- SUSTG Team
This week on The 966 Episode 10, the hosts discuss how Saudi Arabia is in talks with several carmakers about manufacturing in the Kingdom’s borders. Also, a team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of […]
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Saudi Economy Surges as Non-Oil PMI Rises to Highest Since 2015 – Jadwa Investment
- November 1,2021
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- SUSTG Team
Saudi Arabia’s economy continued to gather significant momentum as nearly every recent measurement or data point available pointed to an expanding economy. In Jadwa Investment’s recent Chartbook for Saudi Arabia for the month of November, which uses data largely from September, non-oil PMI rebounded significantly rising to 58.6, the highest reading since 2015, supported by improving business […]
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The 966, Episode 9 – Net-Zero for Saudi Arabia, The FII in its 5th Year, and Tourism in the Kingdom
- October 29,2021
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- SUSTG Team
This week, The 966 hosts discuss a potential rival golf league to the PGA from Saudi Arabia, Boeing’s potential comeback, and Saudi Arabia has pledged to achieve net-zero emissions by 2060. The hosts also discuss the FII in its 5th year and the growing significance of the event, and whether tourism in Saudi Arabia can grow […]
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‘We are Ready to Roll’: Will Saudi Arabia’s Olayan Group Join the IPO Party?
- October 28,2021
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- SUSTG Team
Saudi Arabia’s Olayan family, which runs one of Saudi Arabia’s biggest conglomerates and is one of the richest in the Kingdom, may “revive plans to take some of its companies public,” according to a report today in Bloomberg.
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Crown Prince Announces Launch of New National Investment Strategy to Attract FDI
- October 12,2021
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman gave details of a new investment strategy, called the National Investment Strategy, on Monday that aims to raise net foreign direct investment to 388 billon riyals ($103.45 billion) annually, the state news agency (SPA) reported.
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Biden Administration Welcomes Saudi Engagement with Iran, Talks Still in ‘Exploratory Phase’
- October 5,2021
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- SUSTG Team
The U.S. said it welcomes the news of direct communication between Saudi Arabia and Iran, Jennifer Gavito, deputy assistant secretary for Iran and Iraq at the State Department’s Bureau of Near Eastern Affairs, told CNBC’s Dan Murphy in Dubai.
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Saudi Arabia Celebrates 91st National Day in Kingdom with Patriotic Airshows, Events and Fireworks
- September 23,2021
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- SUSTG Team
Saudi Arabia is celebrating its 91st Saudi National Day today, marking the formation of the modern-day Kingdom with the unification of the Nejd and Hejaz by King Abdulaziz Al-Saud in 1932. The Kingdom’s version of the 4th of July will be celebrated this year under the slogan “A Home for Us.”
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U.S. State Department Approves Potential $500 Million Saudi Maintenance Deal
- September 17,2021
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- SUSTG Team
The U.S. State Department has approved a potential agreement covering up to $500 million in military support services for Saudi Arabia, the first since President Biden took office on January 20. The agreement has been sent to Congress for review, the Pentagon said on Thursday.
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In Interview, Prince Turki Al-Faisal Calls for U.S. Reassurances, Renewed American Commitment to Kingdom
- September 9,2021
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- SUSTG Team
Saudi Arabia’s Prince Turki al-Faisal Al-Saud, the former intelligence chief for Saudi Arabia, has called on the United States to show a renewed commitment to Saudi Arabia’s security and the U.S.-Saudi partnership in comments to CNBC published today. One of the ways the United States could show that commitment is ensuring American defense equipment in […]
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8 Reportedly Injured in Houthi Terrorist Drone Attack at Abha International Airport
- August 31,2021
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- SUSTG Team
At least eight people were wounded on Monday in Houthi terrorist drone strikes on Saudi Arabia’s Abha International Airport, Reuters reports, citing local sources and news outlets. The terrorist attack also also damaged a civilian airplane, Saudi state TV reported.
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MUST-READS
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Saudi AramcoWood Group Clinches Offshore Contract from Saudi Aramco
The six-year contract, which includes options for two three-year renewals, includes the establishment of an offshore engineering center of excellence in Al Khobar, Saudi Arabia.
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Drilling RigsHercules: Saudi Aramco withdraws rig termination
Hercules said Saudi Aramco withdrew its notice of termination for rig Hercules 261, "declaring that all terms and conditions of the contract remain in full force and effect for the remainder of the five-year term of the contract."
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OilHercules Offshore: Saudi Aramco withdraws rig termination
U.S. rig company Hercules Offshore said Monday its clients in Saudi Arabia withdrew a notice to terminate a contract for its services.
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AramcoMcDermott Shares Up on Second Contract from Saudi Aramco
Shares of offshore oil and gas-focused engineering and construction firm McDermott International Inc. MDR gained over 13% on the NYSE following the announcement that it has received a large brownfield contract from Saudi Aramco.
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Gas SystemSaudi Aramco pre-qualifies 8 companies to bid on four pipeline packages for phase 2 of US$ 1.5 bn MGSE
Saudi Aramco has pre-qualified eight local and international companies to bid on four pipeline packages for the second phase of the US$ 1.5 billion Master Gas System Expansion (MGSE) to increase the Saudi Arabia’s gas network and provide the resource to the western regions for industrial and power generation use, according to a source.
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Saudi AramcoWhat Is The Future For Saudi Aramco?
One of the biggest reasons for Aramco’s restructuring would be to become a more commercially-driven organization, whose aim is to maximize its financial value and compete directly with big oil firms on a global level. The separation from the Oil Ministry could reduce political meddling and provide more leeway for the company to make commercial decisions. Also, the restructuring of its oil ministry would signify a generational shift and create a new vision for how the government develops its future energy and economic strategies.
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AramcoSaudi Aramco ramps up spending in Asian refineries
Saudi Aramco is ramping up spending in Asian refineries in what is seen as a move to retain its position as the region’s largest crude oil exporter and win loyal customers for years to come.
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Shale Gas in Saudi ArabiaSaudi Aramco to Supply Shale Gas to Industrial Projects
The energy minister said that the Kingdom has made promising shale gas discoveries and acquired the technologies to produce it at a reasonable price. Saudi Aramco said in its annual report that its unconventional gas program became fully operational in 2013, only 2 years after launching its unconventional gas program in the frontier northern region.
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Saudi Aramco: RestructureSaudi Arabia restructures oil giant Aramco
Saudi Arabia is restructuring the world's biggest energy company, Saudi Aramco [SDABO.UL], in a move apparently aimed at letting it operate more at arm's length from the powerful oil ministry.
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Saudi AramcoSaudi Aramco gets new supreme council headed by deputy crown prince – statement
Saudi Arabia has created a new 10-member supreme council for state-run oil company Saudi Aramco , headed by the kingdom's deputy crown prince, according to a statement on Aramco's website.
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