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Recent stories from sustg
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Jadwa Investment: Saudi GDP to Grow 7.7% in 2022
- February 17,2022
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- SUSTG Team
Saudi Arabia’s economy will “exhibit strong levels of growth in 2022, as pandemic related uncertainty and volatility seen over the last couple of years diminishes,” according to a new report from Riyadh-based Jadwa Investment, which said that the Kingdom’s overall GDP will expand by 7.7 percent in 2022.
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Saudi Arabia Transfers 4% of Aramco Shares Valued at $80 billion to Public Investment Fund
- February 14,2022
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- SUSTG Team
Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to the Public Investment Fund as part of efforts to move forward economic diversification efforts, according to reports.
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Fitch, Moody’s Rates Public Investment Fund of Saudi Arabia ‘A’ and ‘A1’; Outlook Stable
- February 8,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has been assigned debut ratings by agencies Fitch and Moody’s, receiving an ‘A’ rating and ‘A1’ rating, respectively.
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KAPSARC’s Adam Sieminski joins The 966 to talk renewable energy and the circular carbon economy
- January 21,2022
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- SUSTG Team
The 966 welcomes a special guest for Episode 22 from Riyadh: Adam Sieminski, who just finished serving as President of KAPSARC, the leading think tank based in Saudi Arabia. Adam previously was the head of the U.S. Energy Information Agency, and was the senior director for energy and environment on the U.S. National Security Council […]
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Saudi Arabia Set to Send First Athlete to Winter Games in Beijing
- January 17,2022
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- SUSTG Team
The Kingdom of Saudi Arabia will be participating for the first time in history in the Winter Olympic Games in Beijing, China.
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The 966 Episode 21: A deep dive on the homegrown Saudi defense industry and the U.S.-Saudi security relationship with David Des Roches
- January 14,2022
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- SUSTG Team
Episode 21 of The 966 has the hosts welcoming special guest and security expert David Des Roches, Associate Professor at the National Defense University and a Non-Resident Fellow, AGSIW. Des Roches joins The 966 to discuss the status of the U.S.-Saudi security relationship and how Saudi Arabia is progressing in its efforts to develop a homegrown […]
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Episode 17: The Diriyah Art Biennale, The Red Sea Film Festival wraps, Philosophy in Saudi, and Expo Saudi 2030?
- December 17,2021
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- SUSTG Team
This week, the hosts discuss the Kingdom’s 2022 budget, the Diriyah Art Biennale ongoing now outside of Riyadh, the Red Sea film festival, a philosophical discussion in Saudi Arabia, and whether the Kingdom will host Expo 2030.
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Tadawul IPO Surges in Debut, CEO Says 50 Companies have Applied for 2022 Listing
- December 9,2021
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- SUSTG Team
Saudi Tadawul Group’s IPO raised $1 billion, with shares rising as much as 22% on Wednesday, marking the biggest exchange IPO since Euronext went public in 2014.
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Saudi Arabia Announces Two New Mega-Development Plans in a Week
- November 17,2021
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- SUSTG Team
Saudi Arabia is full steam ahead with ambitious, large-scale new developments in the Kingdom, with two new projects announced this week alone.
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Saudi Telecom to Build Region’s Largest Cloud-Enabled Data Center with $400 Million Investment
- November 15,2021
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- SUSTG Team
Saudi Telecom Co (STC), the biggest telecommunications company in the Middle East, will invest 1.5 billion riyals ($400 million) “to build the largest cloud-enabled data center in the region as the oil rich-kingdom seeks to become a center for digitalization,” Bloomberg reports, citing a spokesman for the company.
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MUST-READS
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SECSaudi Electricity Company sets up new firm to buy and sell power
The board of Saudi Electricity Co. (SEC) on Monday approved the formation of a limited liability company with a capital of 2 million Saudi riyals ($533,304) for buying and selling electricity, according to a stock exchange statement.
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Renewable EnergyOPEC’s Top Producer Is Turning to Wind and Solar Power
The nation most identified with its massive oil reserves is turning to wind and solar to generate power at home and help extend the life of its crucial crude franchise.
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Syria Civil WarSyria powerbrokers endorse cease-fire deal at talks
Russia, Iran and Turkey presented a united front at the conclusion of two days of talks in Kazakhstan between the Syrian government and the armed opposition, pledging support for the country's shaky cease-fire and a joint mechanism to ensure compliance.
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PowerSouth Korea’s Doosan to build Saudi power plant
Doosan Heavy Industries & Construction will partner with French energy major Engie on a 1 trillion won ($842 million) power plant in Saudi Arabia, the South Korean company said Monday.
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RussiaPutin’s Oil and Gas Deals Magnify Military Power in Middle East
After reinventing itself as a major power in the Middle East by force in Syria, Russia is now using its other strong suit, energy, to expand its influence across the region.
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ME PerceptionsMiddle East Perceptions of the Roles Played by Global and Regional Powers
In face to face interviews, conducted in late September-early October, ZRS found that Saudi Arabia is in an exceptionally strong position in the Arab World, while favorable attitudes toward Iran and Turkey continue to decline.
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ACWA PowerSaudi power developer ACWA postpones debt issue plans to 2017
Saudi Arabian power and water plant developer ACWA Power IPO-ACWA.SE has postponed its plans for a potential bond issue to 2017, a document from lead arrangers said on Thursday.
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General ElectricPower to the people in Saudi Arabia
As Saudi Arabia fights to control surging electricity demand, the government is increasingly turning to the private sector. With an 80-year history in the kingdom, General Electric’s recent $1bn of investment is starting to pay off.
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Islamic Revolutionary Guard CorpsIran’s Guards using Trump victory to claw back power
Donald Trump's victory and the war on Islamic State have given Iran's hard-line Islamic Revolutionary Guard Corps what it sees as a unique opportunity to claw back economic and political power it had lost.
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IranIran to revamp construction work on two new nuclear power projects
Ali Akbar Salehi, Vice President of Iran and head of Atomic Energy Organisation of Iran (AEOI) said that construction of two new nuclear power plants in Bushehr will be sped up, according to Constructionweekonline news report.
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