SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • US Planning More ‘Robots at Sea’ in Middle East Amid Iran, China Tensions

    The US, which leads two international maritime coalitions out of Bahrain, wants to have more than 100 unmanned surface vehicles  — sometimes called robots at sea — in operation by the end of the summer, Vice Admiral Brad Cooper, who commands the coalitions and the Bahrain-based Fifth Fleet, said in an interview. An initial target of 50 was met in February and the technology delivers a cost-effective and efficient way of deepening US partnerships, he said.

  • Perspective: Why the Saudi–Iran agreement doesn’t herald an active role for China in the Gulf

    China’s participation was like its earlier efforts at regional conflict management. Between 2004–07 it tried to bridge the gap between the international community and the Sudanese regime during the Darfur crisis. Beijing then did something similar in 2013–15 between the West and Iran over the Iranian nuclear program, culminating in the Joint Comprehensive Plan of Action. In both cases, Chinese involvement was helped by a pre-established framework of dialogue and the willingness of each side to involve Beijing.

  • China’s Baosteel, Saudi Aramco and PIF set up JV to build steel plant in Saudi Aramco

    China's biggest listed steelmaker, Baoshan Iron and Steel Co (600019.SS), said on Monday it has signed agreements with Saudi Aramco (2222.SE) and Public Investment Fund (PIF) to build a steel plate manufacturing joint venture. Baosteel will take 50% stake in the joint venture, while Saudi Aramco and PIF will take 25% stake each, Baosteel said in a statement. The joint venture will build a steelmaking manufacturing base in Saudi Arabia, with the designed annual capacity of 2.5 million tonnes of direct reduced iron and 1.5 million tonnes of steel plate, it said, adding that the project remains subject to regulatory approval.

  • China resumes construction of military base in UAE, defying US objections

    According to the Washington Post, leaked US intelligence documents that it obtained reportedly show that Chinese plans to continue construction in its military base in the UAE have gone ahead. The suspected Chinese military facility at Khalifa port near Abu Dhabi is part of plans to create a global network of military facilities at ports across the Middle East, south-east Asia, and Africa by 2030, labelled 'project 141.'

  • Perspective: Can China replace the US in the Middle East?

    But while this can get China quite far, its reluctance to take on the role of “policeman” or security provider could limit its negotiating toolkit in the long run, said Mark Fitzpatrick, an associate fellow for strategy, technology and arms control at the London-based International Institute for Strategic Studies. It also remains to be seen whether China can enforce deals it has mediated with economic guarantees alone, or if it can replicate its recent success beyond Iran and Saudi Arabia – both of which are deeply tied to China through energy sales.

  • A Golden Week for China Air Travel May Stem Oil Price Drop

    Some 170 million Chinese holidayed abroad in 2019, before the pandemic struck. That figure sank to less than 9 million last year at the height of China’s lockdowns. The likelihood of dramatically more air travel explains why jet fuel consumption in China is widely seen as the single biggest driver of world oil demand growth this year, according to JPMorgan Chase & Co.

  • Benjamin Netanyahu: Israel cautions Saudi about Iran after China deal

    “Those who partner with Iran partner with misery. Look at Lebanon, look at Yemen, look at Syria, look at Iraq,” he told CNBC’s Hadley Gamble in an interview Wednesday, stressing that “95% of the problems in the Middle East emanate from Iran.” CNBC has reached out to the Iranian foreign ministry for comment.

  • India’s population to overtake China by mid-2023, UN estimates

    India is poised to overtake China as the world's most populous nation, with almost 3 million more people than its neighbour by the middle of this year, data released on Wednesday by the United Nations showed. India's population by mid-year is estimated at 1.4286 billion, against 1.4257 billion for China - 2.9 million fewer - in the United Nations Population Fund's (UNFPA) "State of World Population Report" for this year.

  • China’s economy gathers speed, global risks raise challenges to outlook

    China's economy grew at a faster-than-expected pace in the first quarter, as the end of strict COVID curbs lifted businesses and consumers out of crippling pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead. More than a year-long sweeping streak of global monetary policy tightening to rein in red-hot inflation has dented world economic growth, leaving many countries including China reliant on domestic demand to spur momentum and raising the challenge for policymakers looking for post-COVID stability.

  • Middle East sovereign funds hungry for China stocks

    Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, became a major shareholder in coal and power companies China Shenhua Energy and Zijin Mining in the fourth quarter of 2022, and has increased other Chinese equity investments. Kuwait Investment Authority (KIA) added to positions in Shenzhen Airport Co 000089.SZ and yeast and other food processor Angel Yeast Co 600298.SS in the fourth quarter. Neither responded to requests for comment, and such investments don't necessarily illustrate a wider trend. But they do coincide with stepped up efforts in China to court Middle East money and with China's push to settle oil contracts in yuan, which creates demand from oil sellers for yuan assets.