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Recent stories from sustg
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Report: Saudi Aramco Considering Tokyo For International Listing
- August 30,2019
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- SUSTG Team
Saudi Aramco is considering Tokyo as the international destination to list its shares, according to an exclusive report in The Wall Street Journal on Thursday. Saudi Aramco is “considering a plan to split the world’s largest IPO into two stages, offering a portion of its shares on the Saudi stock exchange later this year and following up […]
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Secretary Pompeo, Saudi Deputy Defense Minister Prince Khalid bin Salman Meet in Washington
- August 29,2019
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- SUSTG Team
Secretary of State Mike Pompeo and Saudi Deputy Defense Minister Prince Khalid bin Salman met in Washington D.C. yesterday to discuss the ongoing war in Yemen and other U.S.-Saudi defense related topics. “On Yemen, the Secretary reiterated U.S. support for a negotiated resolution between the Republic of Yemen government and the Southern Transitional Council, and thanked […]
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Almarai Company Solar Project Set to be Kingdom’s Largest, For Now
- August 22,2019
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- SUSTG Team
Saudi Arabia food and beverage conglomerate Almarai has completed a solar project which is being billed as Saudi Arabia’s largest to date, according to a report. The 15MW Al Kharj Solar project, built at a cost of SAR44.4 million (around $12 million), will generate 28GWh of solar power every year, according to the company. Almarai said Al […]
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Saudi Aramco Reports $47 Billion in Earnings; Plans to Buy Reliance Refining Stake
- August 12,2019
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- SUSTG Team
In its first-ever half-year earnings report, Saudi Aramco said the company had earned a net income of $46.9 billion in the first half of 2019, a 12 percent decrease from $53 billion in the period a year earlier, when oil prices were higher. Saudi Aramco partly attributed the decline in net income to a 4% fall in the average […]
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Senate Fails to Override Trump’s Veto of Saudi and UAE Defense Sale Bans
- July 30,2019
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- SUSTG Team
The U.S. Senate failed to override President Donald Trump’s vetoes of legislation passed by Congress that would have blocked the sales of certain weapons to Saudi Arabia and the United Arab Emirates, meaning the transactions may proceed forward. Supporters of the ban won a voice vote of 45-40 in the Senate, roughly 21 votes short of […]
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Trump Vetoes Three Bills Limiting U.S. Military Sales to Saudi Arabia and UAE
- July 25,2019
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- SUSTG Team
President Trump vetoed three congressional resolutions aimed at blocking his administration from selling billions of dollars of weapons to Saudi Arabia and the United Arab Emirates. “This resolution would weaken America’s global competitiveness and damage the important relationships we share with our allies and partners,” the president said in a statement on Wednesday. The arms package included […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 4: The Rock Art of the Ha’il Region
- July 19,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the fourth installment of the series of seven, Aramco Expats chose the […]
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Saudi Arabia approves new tendering and procurement law – report
- July 17,2019
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- SUSTG Team
Saudi Arabia’s government has approved a law to improve the way it procures contracts and services “by saving money, making the process fairer, and boosting local bidders,” Reuters reports, citing information from the Ministry of Finance. The new Government Tendering and Procurement law is an “important measure” within Vision 2030 reforms as it helps to improve the […]
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Dates Set for Saudi Arabia’s Future Investment Initiative 2019
- July 5,2019
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- SUSTG Team
Saudi Arabia’s Future Investment Initiative (FII) will take place from 29-31 October in Riyadh, the event’s official Twitter page said in an announcement. Dubbed “Davos in the Desert,” the FII brings together world leaders, investors and innovators will explore the opportunities, trends, and challenges shaping the global investment landscape. Attendees will gather to “continue to discuss the […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 3: Ad Diriyah
- June 28,2019
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- SUSTG Team
Over the course of seven weeks, SUSTG is publishing a series of posts highlighting the seven wonders of Arabia as selected and featured by AramcoExpats.com, an online blog that is a resource for current and former Saudi Aramco expatriates and their families. As the Kingdom prepares to open itself up to more visitors and boost its tourism industry in line with Vision […]
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MUST-READS
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Saudi SolarSaudi Arabia’s superpowered sunshine dream
The United Arab Emirates, in particular, has seen a dramatic fall in the cost of new solar projects, achieving world record low bids for both PV and concentrated solar power in 2016-17
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Saudi WomenMoU signed to empower Saudi women in industrial sector
The Saudi Industrial Property Authority (MODON) signed a memorandum of understanding (MoU) with the Women and Children Social Commission to boost cooperation, increase efficiency, promote women’s participation in the labor market, and empower them to find suitable job opportunities in industrial cities.
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China in the RegionChina’s power in the Middle East is rising
The BRI, a set of maritime and overland trade and infrastructure programs, is meant to link China with states across Eurasia and Africa. MENA is a geostrategically crucial hub linking several Eurasian regions and is therefore critical to the BRI’s success.
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ME and AsiaEast Asian Soft Power Strikes Hard In The Middle East
With a focus on developing long-term partnerships in the Middle East, China, Japan and South Korea have become the leading destinations for exports from Saudi Arabia, Iran and the United Arab Emirates (UAE). China alone, for example, annually imports $20.8 billion of goods, mainly oil, from Saudi Arabia.
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Saudi Nuclear EnergySaudi Arabia Paves Its Path to Nuclear Power
So far, Saudi Arabia has identified two possible sites for power stations, on the Gulf coast at Umm Huwayd and Khor Duweihin. Plans for small reactors for desalination are also well advanced.
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IAEAIAEA reviews Saudi Arabia’s nuke power infrastructure development
The IAEA team said that Saudi Arabia has made "significant progress" in the development of its nuclear power infrastructure. It noted the country has established a legislative framework and is carrying out comprehensive studies to support the next steps of the programme.
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PakistanUproar as Pakistan election results delayed and Khan tipped for power
Pakistan was gripped by electoral chaos Thursday with the results from its pivotal general election delayed and major parties denouncing "blatant rigging", as former cricket champion Imran Khan appeared on course for victory.
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PowerGeneral Electric’s power unit faces threat in Saudi Arabia
“SEC has always embarked on a very balanced policy of procurement to ensure well diversified sources of suppliers,” said Khalid Al-Tuaimi, executive vice president for generation of Saudi Electricity.
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EgyptEgypt’s powerful president is facing unusual dissent over rapidly rising prices
Egyptian President Abdel Fatah al-Sissi is confronting one of the toughest challenges he has faced since seizing power five years ago, as rising prices linked to economic austerity measures take a toll on his core middle-class supporters.
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General ElectricExclusive: General Electric’s power unit faces threat in Saudi Arabia
One of General Electric Co’s (GE.N) largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation.
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