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Recent stories from sustg
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Crown Prince Mohammed bin Salman Visits South Korea ahead of G20 Summit in Japan
- June 27,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman, en route to the G20 meetings in Japan this weekend, made an official and high-level visit to South Korea in a sign of strong ties between the two nations. Photos released by the Saudi Press Agency (SPA) show the Crown Prince was warmly received in South Korea. During the visit, […]
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Saudis Celebrate One Year Anniversary of Women Drivers in the Kingdom
- June 24,2019
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- SUSTG Team
One year ago today, women in Saudi Arabia were legally allowed to drive on the Kingdom’s roads for the first time, a landmark and life-changing event for many Saudi women and an undeniable leap forward for Saudi Arabia’s ongoing economic and social reforms. June 24, 2018 was the first day in which Saudi women were allowed […]
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Houthis Strike Abha International Airport in Saudi as Fears of Widening Conflict Grow
- June 13,2019
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- SUSTG Team
Yemen’s Houthi rebels attacked an airport in southern Saudi Arabia on Wednesday, wounding 26 people, the Saudi Press Agency (SPA) and other reports confirmed. Eighteen people were treated at Abha International Airport for minor injuries and another eight were taken to a hospital, according to the SPA, which quoted Turki al-Malki, spokesman of the US-backed Saudi-led coalition […]
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Putin Highlights Price Difference with Saudis and OPEC+ with Key Production Decision Looming
- June 6,2019
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- SUSTG Team
Saudi Arabia and Russia may not see eye-to-eye on the targeted price of crude oil, which could complicate the two sides’ efforts to reach a joint decision on supply, according to multiple reports. Russian President Vladimir Putin said on Thursday that Russia had differences with OPEC over what constituted an acceptable price for oil, but […]
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Fragile Ceasefire in Key Yemen Port Broken with Fresh Fighting after Cross-Border Drone Attack on Saudi Oil Pipelines
- May 15,2019
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- SUSTG Team
Fresh fighting broke out in a key port in Yemen yesterday, breaking a fragile cease-fire and threatening to complicate a troop withdrawal agreement intended to pave the way for wider peace talks, according to reports. Hodeidah port on the Western coast of Yemen “is a lifeline for millions of Yemenis threatened by starvation because of the war […]
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70 Percent Increase in New Licenses for Foreign Businesses in First Quarter, Al-Omar Says
- April 29,2019
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- SUSTG Team
The number of new licenses approved for foreign businesses in Saudi Arabia rose by 70 percent in the first quarter from a year earlier, the head of Saudi Arabia’s General Investment Authority (SAGIA) said. According to Bloomberg, applications from British and Chinese companies drove the increase, rising by 86 percent and 71 percent, respectively. The data […]
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Senate Overwhelmingly Confirms John Abizaid as US Ambassador to Saudi Arabia
- April 11,2019
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- SUSTG Team
The Senate overwhelmingly voted to confirm retired Gen. John Abizaid as the new US Ambassador to Saudi Arabia on Wednesday in a 92-7 vote, paving the way for the former head of then U.S. Central Command to be the first person to fill the post since President Trump took office. President Trump’s choice for the next U.S. Ambassador to Saudi […]
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House, Senate Vote to End U.S. Support of Yemen War, Setting Stage for Trump Veto
- April 5,2019
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- SUSTG Team
The U.S. House of Representatives approved a resolution on Thursday that would end all U.S. involvement with the Saudi Arabia-led coalition in the war in Yemen, Reuters reports. President Trump is likely to veto the resolution, the second veto of his presidency. The vote in the House was 247-175. 16 Republicans joined the majority Democrats in […]
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Saudi Aramco Opens its Books, Officially the World’s Most Profitable Company
- April 1,2019
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- SUSTG Team
State-owned Saudi Aramco is the world’s most profitable firm, eclipsing global heavyweights like Apple and Samsung, according to new data revealed ahead of a major bond issuance. Saudi Aramco’s earnings last year before interests, taxes, and depreciation stands at $224 billion, almost three times as much as Apple. Net income last year was $111.1 billion. The revelation of […]
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Oil Notches Third Straight Week of Gains, but Global Economy Fears Still Weigh on Prices
- March 22,2019
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- SUSTG Team
Concerns that a looming economic slowdown might soon impact fuel consumption around the world are weighing down oil prices after Saudi Arabia and the OPEC+ group of oil producing nations have successfully reversed a downward trend for oil since the start of 2019. Brent hit a four-month high of $68.69 per barrel on Thursday, up from $51 […]
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MUST-READS
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Nuclear PowerSaudi Arabia hosts IAEA for review of nuclear power infrastructure
King Abdullah City for Atomic and Renewable Energy is hosting the International Atomic Energy Agency (IAEA) in July for an integrated review of Saudi Arabia’s atomic energy infrastructure.
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PowerFirst Saudi-made gas turbine goes into operation at new power plant
The plant, costing over SR3.75 billion, has a total capacity of 1,390 megawatt (MW) electricity, of which 50 MW will come from a solar component
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PowerSaudi’s ACWA Power to start new solar project in South Africa
Saudi Arabian renewable energy developer Acwa Power has said it will begin construction this year on a 100MW solar energy plant in South Africa.
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ACWA PowerPIF acquires 15.2% stake in ACWA Power
Additionally, through the 9.78% separate stake ownership by its wholly owned subsidiary, Sanabil Direct Investments Company, PIF’s total shareholding – direct and indirect – in ACWA Power amounts to 24.98%.
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Saudi Nuclear EnergyIsrael confident U.S. to keep protections in any Saudi nuclear power deal
Israel’s energy minister said on Tuesday after meeting Trump administration officials he is confident that the United States will not relax non-proliferation standards in any nuclear power deal it agrees with Saudi Arabia.
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Nuclear PowerIsrael confident U.S. to keep protections in any Saudi nuclear power deal
Israel’s energy minister said on Tuesday after meeting Trump administration officials he is confident that the United States will not relax non-proliferation standards in any nuclear power deal it agrees with Saudi Arabia.
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BritainCommentary: Britain no longer ‘tier one’ military power, experts say
Theresa May this week asked Britain's defence secretary to justify the UK's role as a "tier one" military power, causing dismay in the Ministry of Defence. Underlying the statement is a realisation that the UK can no longer economically compete with top powers, defence experts told Business Insider.
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TurkeyTurkey’s Erdogan wins sweeping new powers after election victory
Turkish President Tayyip Erdogan won sweeping new executive powers on Monday after his victory in landmark elections that also saw his Islamist-rooted AK Party and its nationalist allies secure a majority in parliament.
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Nuclear PowerU.S. and partners form international alliance to push nuclear power
The partners are Japan, Canada, Russia, South Africa, the United Arab Emirates, Poland, Argentina and Romania.
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Mohammed bin SalmanSaudi Crown Prince’s Selection Among Forbes’ 10 most Powerful People in World
Analysts and experts have described the selection of Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, among the world's 10 most powerful personalities in Forbes 2018 list as a recognition of his influential international stature and the Kingdom's effective role at the global level.
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