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Recent stories from sustg
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As Saudi Non-Oil Revenue Soars, Uncertainty Looms Over Oil Market
- October 30,2020
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- SUSTG Team
Saudi Arabia saw a significant boost in non-oil revenue in the third quarter of this year, with an increase of 63% year-on-year to SR123 billion ($32.8 billion), new data shows, an encouraging trend for policymakers as the market for oil continues on an uncertain path in the face of a global pandemic and global economic slowdown.
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Images: Architect Jean Nouvel Reveals Design for Sharaan Resort in Al-Ula, Saudi Arabia
- October 28,2020
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- SUSTG Team
French architect Jean Nouvel unveiled his design for Sharaan, a new resort hidden within the rock dwellings of Al-Ula, a cultural oasis in north-west Saudi Arabia.
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Top Names in Golf Commit to Saudi International Tournament in February
- October 27,2020
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- SUSTG Team
Saudi Arabia’s annual golf tournament secured two of the sports top names to compete in February, winning commitments from the world’s top-ranked golfer and the latest major championship winner on Monday to play in the Saudi International. Dustin Johnson, the world’s number one golfer, and Bryson DeChambeau, who won the U.S. Open by six strokes in […]
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Arab News Launches ‘Research and Studies’ Unit to Deliver ‘Thought-Provoking Studies by Experts on Regional Affairs’
- October 13,2020
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- SUSTG Team
Arab News, Saudi Arabia’s leading English-language daily news publication, has announced the establishment of a new Research and Studies Unit (RSU) which will “deliver thought-provoking studies written by a team of acclaimed resident and non-resident experts on a number of regional affairs,” according to a press release from the company.
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U.S. Again Tops Arms Exporters to the Middle East, Saudi Arabia, Report Says
- September 25,2020
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- SUSTG Team
A newly released report by the Center for International Policy finds the U.S. dominated arms and defense exports to the Middle East region between 2015-2019, accounting for nearly half of all deliveries of major weapons systems.
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G20 Trade and Investment Ministers Meet as Kingdom Reportedly Suggests Delay Main Summit until December
- September 22,2020
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- SUSTG Team
Trade and Investment Ministers from the G20 held a meeting today under the Saudi G20 Presidency to strengthen trade and investment policy cooperation towards an inclusive and sustainable economic growth amid the COVID-19 pandemic.
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Saudi Arabia’s Oil Exports to the U.S. Hit 35-Year Lows as Goldman Sees Oil at $65 Next Year
- September 2,2020
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- SUSTG Team
Saudi Arabia’s oil exports to the United States fell nearly 50% year-on-year in August 2020, reaching a 35-year low in oil imported from the Kingdom, according to CNN which cited info from ClipperData.
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Brent Oil Reaches 5 Month High as Saudi Aramco Announces Discovery of Two New Oil and Gas Fields
- August 31,2020
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- SUSTG Team
The price of oil on the UK’s Brent Oil index reached a 5-month high on Monday as supply output cuts continue to push the price of oil higher, according to reports.
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PIF Sets Up New Real Estate Subsidiary to Help Meet Increasing Local Demand for Housing
- August 20,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) said it had set up a new real estate subsidiary, called “Roshn,” to help meet increasing local demand for housing, according to reports.
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Saudi Mega-city NEOM Signs Agreement with US-based Bechtel for Executive Project Management Work
- August 12,2020
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- SUSTG Team
Saudi Arabia’s futuristic mega-city NEOM has awarded a contract to U.S.-based Bechtel for executive project management work on the development of the primary, base infrastructure for NEOM, according to a press release issued by NEOM.
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MUST-READS
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Morocco SolarThe World’s Largest Solar Power Plant Is Now Active In The Sahara
The Noor Ouarzazate, the world's largest solar power plant, has been activated in Morocco and is projected to be finished by 2018. In the video above, learn about the plant, which, when finished, will reduce carbon emissions by 760,000 tons per year.
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Saudi Electricity CompanySaudi Electricity Company secures US$ 1 bn loan to build power plant
Saudi Electricity Company (SEC) will secure a loan of up to $1 billion to partly finance building a power plant, the utility said on the stock exchange on Tuesday.
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U.S. Energy ExportsThe Trickle of U.S. Oil Exports Is Already Shifting Global Power
“If you’re a buyer in, say, South Korea, and you’re offered the same price from Saudi Arabia, Russia and the U.S., you’re going to make the obvious choice: the U.S.,” Mills said. “It’s the one supplier you know is never going to threaten you or cut off supplies, which is certainly not the case with Saudi Arabia, Russia or Iran.”
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Solar in OmanThe oil industry has invented an ironic new use for solar power
There’s a huge project taking shape in the deserts of Oman. It will extract crude oil from the ground by pumping vast quantities of steam into it. To produce the steam, water will be brought to a boil using as much as a gigawatt of energy. The source of that energy: the sun.
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Syria TalksU.S., Russia and other powers agree on ‘cessation of hostilities’ in Syria
The determination of eligible targets and geographic areas is to be left up to a task force of nations, headed by Russia and the United States, that will adjudicate differences of opinion.
- Guardian - Syrian peace talks: stark warning from Russia as US backs role for Saudi troops
- FP - Why Are Russian Engineers Working at an Islamic State-Controlled Gas Plant in Syria?
- Guardian - Opinion: Bullish Vladimir Putin is running rings around the west in Syria
- Quartz - The newly announced “ceasefire” in Syria is tentative and incomplete
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PowerSaudi power projects will need $133 bln investment over 10 years
Saudi Arabia will need investment of 500 billion riyals ($133.3 billion) in electricity projects over the next ten years to cope with rising power demand, its electricity and water minister said on Sunday.
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Saudi LeadershipMohammed bin Nayef, Saudi strong man in a power struggle
The prince is the son of the late Nayef bin Abdulaziz, the long-time security chief and powerful royal who presided over numerous crackdowns, earning the wrath of freedom activists.
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U.S.-SaudiGE wins $1 billion Saudi power plant contract
GE has been awarded a contract worth almost US$1bn (Dh3.7bn) to design and build gas turbines for a new power plant at Waad Al Shamal in northern Saudi Arabia.
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LibyaPowers back unity government in Libya to deter Islamic State
Global powers on Sunday backed the formation of a national unity government in Libya, pledging economic and security support to help stabilise the chaotic North African country where Islamic State militants have a foothold.
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Syrian RefugeesBanksy Just Made a Powerful Statement About the Syrian Migrant Crisis
"We're often led to believe migration is a drain on the country's resources, but Steve Jobs was the son of a Syrian migrant," Banksy said in a statement with the piece. "Apple is the world's most profitable company, it pays over $7bn a year in taxes – and it only exists because they allowed in a young man from Homs."
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