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Saudi Arabia Taps Foreign Reserves to Weather Coronavirus Crisis
- April 29,2020
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- SUSTG Team
Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, Reuters reports, as the Kingdom draws down on reserves to weather the Coronavirus crisis and keep citizens and residents safe.
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Saudi Arabia’s PIF Eyes Bargain Stakes in Blue Chip Companies Likely to Rebound – Report
- April 16,2020
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- SUSTG Team
A “shopping list is being readied” for potential investments by Saudi Arabia’s Public Investment Fund in healthcare, technology, and logistics companies around the world as the coronavirus pandemic creates potential opportunities for bargain investments, according to a Financial Times report.
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Saudi Arabia to Spend $4 Billion in Fight Against Coronavirus
- April 8,2020
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- SUSTG Team
Saudi Arabia will increase its spending to fight the spread of the coronavirus in the Kingdom, earmarking an additional 7 billion riyals (USD 1.8 billion) yesterday on top of the 8 billion riyals (USD 2.1 billion) earmarked at the beginning of the virus outbreak, according to Asharq Alawsat.
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Saudi Arabia Approves Government Asset Privatization on Local Stock Market
- April 1,2020
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- SUSTG Team
Saudi Arabia’s government approved the listing of government assets planned for privatization on its stock market, according to reports.
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G20 Finance Chiefs, Central Bankers Hold Digital Meeting for Second Time in a Week to Discuss Coronavirus Response
- March 31,2020
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- SUSTG Team
Finance ministers and central bankers from the Group of 20 major economies met by videoconference on Tuesday, the second such meeting in a week, to discuss a global response to the spread of the coronavirus the its impact on economy, Reuters reports.
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Saudi Arabia Enacts Curfew as Kingdom Seeks to Best COVID-19
- March 23,2020
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- SUSTG Team
Saudi Arabia has enacted a curfew to stop the spread of COVID-19 within the Kingdom’s borders, prohibiting citizens and residents from being outside the home at night for three weeks starting Monday.
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Saudi Arabia Widens Travel Ban; Coronavirus Cases Increase
- March 12,2020
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- SUSTG Team
Saudi Arabia has extended flight bans to the European Union and other countries as the Kingdom announced 24 new cases overnight, bringing its total to 45.
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Saudi Arabia launches Y20 summit as a Platform Connecting Youths with G20 leaders
- March 2,2020
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- SUSTG Team
Saudi Arabia launched the Y20 (Youth 20) summit on Sunday evening, a platform which seeks to bring youth voices to international decision-makers.
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Report: Saudi Arabia Pushing for a ‘Major, Short-Term Oil Production Cut’
- February 3,2020
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- SUSTG Team
OPEC and its allies are “considering cutting their oil output by a further 500,000 barrels per day (bpd)” with eyes on mitigating the impact on oil demand from the coronavirus, Reuters and the WSJ report.
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Oil Demand Growth Forecasted to Trend Higher in 2020
- January 21,2020
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- SUSTG Team
Oil demand growth is set to trend higher this year compared with 2019, a recent report from Jadwa Investment finds, citing OPEC forecasts and other global economic factors.
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MUST-READS
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Power and WaterAcwa Power considers secondary listing after Saudi Arabia
Acwa Power, the Saudi Arabian power and water project developer, says it may seek a secondary listing after an expected flotation in Saudi Arabia next year.
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KurdsAs their power grows, Iraq’s Kurds are fighting among themselves
In recent months, Iraq’s northern Kurdish region has seen unprecedented political and economic independence as relations with Baghdad have frayed. But now the region’s own unity appears on the brink of collapse, at a time when it is battling the Islamic State militant group.
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SocietyEmpowered through education: a word with a Saudi feminist
It depends on your definition of conservatism. Unfortunately, there is an underlying assumption that conservatism in Saudi is related to extremism, meaning that both come from the same school of thought which views women in a demeaning manner. However, this is not accurate.
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Saudi Stock MarketAcwa Power targets 2016 IPO on Kingdom’s bourse
Saudi Arabia-based power and water project developer, Acwa Power, is aiming for a stock market floatation on the Saudi bourse sometime next year, its chief executive said.
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Solar PowerSolar Power Invades Oil-Rich Middle East
Global consulting firm Ernst & Young, in its latest Cleantech Survey Report for MENA, ranked Saudi Arabia, UAE, Morocco and Jordan as having the greatest potential for renewable energy investment in the region, adding that “the opportunities to provide affordable and secure low-carbon energy are continuously expanding.”
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Saudi LeadershipPowerful Saudi royal heirs will define kingdom’s future
"I think it's a good working relationship. Necessity demands it, and Mohammed bin Nayef is a highly respected person and in this society there is a lot of deference to age," said Khaled al-Maeena, editor at large of the English-language daily Saudi Gazette.
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SyriaRussia says Syria’s Assad ready to share power
Russian President Vladimir Putin said on Friday that Syrian President Bashar al-Assad is ready to hold snap parliamentary elections and could share power with a "healthy" opposition.
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War in YemenAnalysis: The liberation of south Yemen proves Saudi Arabia’s power is growing
The important lesson for the West about this Saudi-led campaign in Yemen is that it is the first time an Arab coalition has assembled itself and has successfully conducted large-scale military stabilisation operation in the region.
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NuclearDecision time looms for Saudi on nuclear power?
Despite being available at a relatively low cost, the soaring demand for energy in the Gulf has led to years of attempts to find alternative energy sources for some countries.
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MilitaryCanadian Government studies Saudi power shift as arms deal hangs in the balance
Diplomatic memos obtained under Access to Information laws demonstrate how closely the federal government is monitoring the Islamic kingdom, which committed to a massive order of armoured fighting vehicles manufactured in London, Ont., when the late King Abdullah sat on the throne.
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