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Recent stories from sustg
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Aramco Commences Operations at Arabian Rig Manufacturing: Saudi Aramco’s JV to Manufacture Drilling Rigs in Kingdom for First Time
- October 12,2022
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- SUSTG Team
Saudi Aramco has launched Arabian Rig Manufacturing (ARM), a joint venture firm with American entity NOV, to manufacture drilling rigs and related equipment for the first time in Saudi Arabia.
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US’ Advent Technologies signs MoU with Saudi-based Hydrogen Systems; Saudi Wants Green Hydrogen Commitment from EU
- September 16,2022
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- SUSTG Team
US-headquartered Advent Technologies has signed a Memorandum of Understanding with Riyadh-based Hydrogen Systems “to provide integrated hydrogen solutions and value-added support to industrial and renewable energy markets in the Middle East,” Zawya reports.
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Ministry of Industry and Mineral Resources Awards License for Khnaighuiyah Mining Site
- September 8,2022
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- SUSTG Team
Saudi Arabia’s Ministry of Industry and Mineral Resources said on Wednesday that it had awarded a license to mine at the Kingdom’s prized Khnaighuiyah mining site, where zinc and copper deposits are estimated around 26 million tons, Reuters reports.
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Monsha’at Report — Number of SMEs in Saudi Arabia Grows 25.6% in 1H 2022
- August 29,2022
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- SUSTG Team
Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha’at) said the number of registered SMEs in Saudi Arabia hit 892,063 in the first half of this year, registering a 25.6 percent increase from the fourth quarter of 2021.
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Saudi Arabia’s Non-Oil Exports Surge by 31% in Q2 to $23 Billion
- August 25,2022
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- SUSTG Team
Saudi Arabia’s non-oil exports surged by 31 percent in the second quarter to SR86.2 billion ($22.9 billion) from SR65.8 billion in the same period last year, the General Authority for Statistics, also known as GASTAT, said in a report.
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C3 US-Arab Healthcare and Business Summit Set for September 19th, 2022 at Union League Club in New York City
- August 22,2022
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- SUSTG Team
The C3 US-Arab Healthcare and Business Summit, a leading conference in the sector now in its 11th Annual edition, is set to take place September 19th, 2022 at the Union League Club in New York City.
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IMF: Saudi Economy Likely to be One of the Fastest Growing in the World in 2022
- August 17,2022
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- SUSTG Team
The International Monetary Fund (IMF) on Wednesday maintained its economic growth forecast for Saudi Arabia at 7.6% this year, bucking the global trend toward recession and likely placing it among the top growing economies in the world in 2022.
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U.S. Yemen Envoy Tim Lenderking Heads to Saudi Arabia, Jordan to Push Yemen Peace Talks
- July 25,2022
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- SUSTG Team
The U.S. special envoy for Yemen, Tim Lenderking, is headed to Saudi Arabia and Jordan on Monday to continue Washington’s diplomatic efforts to back a United Nation’s mediated truce in Yemen, Reuters reports, citing the U.S. State Department said.
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Oil Continues Drop on Global Indices as Recession, Demand Destruction Fears Weigh on Prices
- July 6,2022
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- SUSTG Team
Oil plummeted about 9% on Tuesday in the biggest daily drop since March, and failed to regain ground on Wednesday, as growing fears of a global recession and lockdowns in China that could slash demand weighed on prices.
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Saudi-led OPEC+ Group Sticks to Oil Output Policy, Delaying Debate before Biden’s Visit to Kingdom
- June 30,2022
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- SUSTG Team
The Saudi-led OPEC+ group of oil producers, which includes Russia, said on Thursday it would stick to its planned oil output hikes in August, pushing off a debate on policy from September onwards as prices have risen on tight global supplies and worries that the group has little ability to pump more crude, Reuters reports.
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MUST-READS
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Power BusinesswomenSix Saudi women feature in the 2020 Power Businesswomen in ME list
On the cusp of International Women’s Day next month, Forbes Middle East has unveiled its annual Power Businesswomen in the Middle East list, packed with 100 exceptional businesswomen at the head of many of the most influential and transformational companies in the region. Most of the people on this list have been working their way up a steep career ladder for decades to reach the top of their professions. And let’s not forget how much the world has moved on in those decades. If there were glass ceilings to be smashed, these are the titans that first smashed them.
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CoalHere are the proposed coal power plants China is bankrolling around the world
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Qasem SoleimaniCommentary: Soleimani’s death creates power vacuum within Iran
While after Soleimani’s death the supreme leader said the Quds Force’s mission “is the same as it was under” his commandership, three areas to watch will be the status of the Quds Force within the IRGC’s top brass, the Ayatollah’s decision-making circle and Iran’s Foreign Ministry’s attempts to assert more control over regional foreign policy.
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IranIn rare Friday sermon, Iran’s Khamenei says U.S. suffered blow to ‘superpower image’
Ayatollah Ali Khamenei, Iran’s top political and religious authority, spoke at the Grand Mosalla mosque complex in central Tehran, where he led Friday prayers for the first time in eight years. His address follows weeks of turmoil in Iran as a result of the U.S. killing of Maj. Gen. Qasem Soleimani, commander of the elite Quds Force, in Iraq earlier this month.
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G20 - RiyadhB20 Saudi Arabia: Women Empowerment For Inclusive Growth
The Kingdom will launch this two-day mega event with opening activities in Riyadh on January 15. It officially assumed presidency of the G20 in December 2019 and will preside it until its annual two-day summit, which is scheduled to take place in Riyadh on November 21, 2020.
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PowerSaudi Arabia’s ACWA Power plans $10 billion of investments in 2020: CEO
Saudi Arabian utility developer ACWA Power is planning to invest about $10 billion in 2020 as it eyes new projects in some 10 countries, the company’s chief executive said on Saturday. The company, which builds power and desalinated water plants and has 50% of its portfolio in Saudi Arabia, plans to expand into new markets, Paddy Padmanthan told Reuters on the sidelines of an energy event in Abu Dhabi.
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PowerUAE’s Masdar and Saudi Arabia’s Acwa Power sign renewables deals in Azerbaijan
Abu Dhabi's clean energy company, Masdar, and Acwa Power, based in Saudi Arabia, have both signed agreements with Azerbaijan's Ministry of Energy to develop renewables projects. Masdar's agreement will see it develop, build and operate a 200 megawatt solar PV project, which will be located 75 kilometres southwest of the capital, Baku. Financial close on the project is targeted for the end of 2020, while commercial operation is expected to be achieved in 2022, the company said in a statement. “Today’s signing marks a major step forward for Azerbaijan and its ambitions to diversify its energy mix," said Masdar's chief executive, Mohamed Al Ramahi.
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Solar EnergySaudi Arabia launches third renewables round as it looks to diversify power mix
The round will include two categories for renewable power with Category A including the 80 megawatt Layla scheme as well as the 120MW Wadi Al Dawaser project. Meanwhile, category B includes the 300MW Saad scheme as well as the 700MW Ar Rass project.
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War Powers ActWith Iran, Congress will try again to exert its authority under war powers
Not once since the 1973 law was adopted has Congress successfully used it to block a president’s military actions, including some rather large-scale and long-term operations, such as President Reagan committing nearly 2,000 troops in Grenada in 1983 and President Clinton committing thousands of troops in Bosnia-Herzegovina in 1995.
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AfghanistanAs Iran and U.S. Trade Blows, Afghanistan Sweats Between the 2 Powers
In the days after a United States drone strike killed Iran’s top intelligence and military operative, President Ashraf Ghani of Afghanistan scrambled to keep his country out of a cycle of escalation between the two powers.
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