SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

  • U.S. Approves Possible Sale of THAAD Missile Defense System to Saudi Arabia with Massive $15b Price Tag
     

    The United States has given preliminary approval for the sale of a Terminal High Altitude Area Defense (THAAD) missile defense system to Saudi Arabia with a price tag of $15 billion, according to reports and a statement by the U.S. Defense Security Cooperation Agency (DSCA). The announcement, made on the heels of Saudi Arabia’s King Salman […]

     
  • Saudi-Russia Ties Strengthen as King Salman Visits around Russia Energy Week
     

    Saudi-Russia ties continue to warm ahead of King Salman’s visit as the Kingdom looks to expand bi-lateral investment opportunities, according to reports. Saudi Arabia and Russia are the two biggest energy players, producing almost a quarter of the world’s oil between them. As the de facto leader of OPEC, Saudi Arabia has forged a working […]

     
  • Saudi Arabia to Get New Bankruptcy Law Next Year, Al-Qassabi Says
     

    Saudi Arabia will begin implementing a new bankruptcy law early next year as part of efforts to attract foreign investment and encourage private sector activity, Reuters reports, citing Saudi-owned broadcaster Al Arabiya which aired comments from Minister of Commerce and Investment Dr. Majed Al-Qassabi. “(The) bankruptcy law has been passed to the Shura Council and […]

     
  • Saudi Arabia’s ‘Longest Railway’ to Come Online in December
     

    Saudi Arabia’s “longest railway” running over 1700 miles between capital Riyadh and the northern city of Gurayat will kick-start operations on December 24, 2017. Considered to be one of the world’s longest railway lines, the line will pass through Majmaa, Qassim, Hail, and the Al-Jouf regions of the Kingdom. Six railway stations are in the pipeline along the […]

     
  • ‘NTP 2.0’: FT Obtains Copy of Draft of Changes to Saudi National Transformation Plan
     

    The London-based Financial Times has obtained an internal copy of a document that outlines Saudi Arabia’s desire to amend the Kingdom’s National Transformation Plan (NTP), dubbed “NTP 2.0.” The draft document “strips out some areas earmarked for change and extend[s] the timeline of other targets” of the NTP. The changes will keep the deadline of 2020 generally, […]

     
  • Qatar Restores Full Diplomatic Relations with Iran
     

    Qatar restored full diplomatic relations with Iran on Thursday and promised to send its ambassador back to Tehran as the Gulf nation digs in against the demands of several Arab nations, including Saudi Arabia. According to the AP, in announcing its decision, Qatar made no mention of the diplomatic crisis roiling Gulf Arab nations since June, […]

     
  • The Next U.S. Ambassador to Saudi Arabia?
     

    President Trump is rumored to be nearing a selection for U.S. Ambassador to Saudi Arabia, according to reports. A New York Times reporter tweeted today that Dave Urban, who ran President Trump’s surprise successful campaign in Pennsylvania in 2016, is said to be the President’s pick for the U.S. Ambassador to Saudi Arabia. The top American newspaper’s […]

     
  • ‘Continued Improvement in Saudi Arabia’s Fiscal Position’ Seen as Revenues Increase
     

    The latest quarterly budget performance report by Saudi Arabia’s Ministry of Finance showed a continued improvement in Saudi Arabia’s fiscal position, according to a recently released report by the Riyadh-based Jadwa Investment. “Due to an increase in government revenues, by 6 percent, and a drop in expenses by 1 percent, year-on-year, the fiscal deficit declined […]

     
  • New York Reportedly Pulls Ahead of London in Aramco Listing Race for ‘Political Considerations’; Final Decision Rests with Crown Prince Mohammed
     

    Despite a report in July that Saudi Aramco’s advisers have reportedly recommended London for the historic listing of the oil company, a new report now says Saudi Arabia favors New York in part because of the strength of the U.S.-Saudi relationship. Reuters originally reported that US disclosure rules were a concern for Saudi authorities. London’s Financial Conduct Authority (FCA) has […]

     
  • Report: Saudi Oil Minister Khalid Al-Falih Met With Top Commodity Hedge Funds
     

    Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih met in private with some of the world’s top commodity hedge funds in July, a break from tradition in order to gather investor views on the state of the market, Bloomberg reports. In the past Saudi Arabian officials have criticized the role of speculators and hedge funds in […]

     

MUST-READS

  • ‘It’s an Earthquake’

    Nasrallah was more than a political leader. After 32 years in power, he had become synonymous with Hezbollah, the most well-armed nonstate actor in the world and the linchpin of Iran’s tentacular “Axis of Resistance” to Israel and the United States.  Nasrallah was such a central figure for so long—the most powerful man in Lebanon and Israel’s greatest foe; loved, hated, and imitated by anti-Western insurgent leaders across the Middle East—that his absence left many Lebanese feeling profoundly rudderless. There were occasional bursts of gunfire throughout the day. Whether it came from mourners or celebrators was impossible to say.

  • Iran After the Lebanon Debacle: Suppress Domestic Dissent and Dash for the Bomb?

    Iran’s recent debacle in Lebanon bears some resemblance to the Argentine military junta’s defeat in the 1982 Falklands War between Argentina and Britian over the Falkland Islands. In an appeal to Argentine nationalism, the junta “reclaimed” the islands, was defeated by Britain after 74 days, and relinquished power in 1983. In similar fashion, the Islamic Republic of Iran dedicated considerable time and effort to forge the much-heralded “axis of resistance,” with Lebanese Hezbollah at its core, to encircle Israel and deter Israeli bombardment of Iran’s nuclear infrastructure. However, since September 17, Israel has seemingly managed to neutralize hundreds of Hezbollah fighters and operatives and assassinated the top military and political leadership of the Lebanese militia.

  • Saudi giga-project Diriyah agrees deals worth $1 bln with European firms

    Diriyah, one of Saudi Arabia's so-called giga-projects, has agreed deals worth nearly $1 billion with European firms and is in talks to attract more foreign capital, its CEO said. The $63 billion project is one of the Public Investment Fund's giant construction efforts aimed at boosting economic growth and diversifying the oil-reliant kingdom's economy. Diriyah, located at a UNESCO World Heritage site outside the capital Riyadh, has been backed by PIF investments worth a total of around 20 billion riyals ($5.33 billion) in 2023 and 2024, and should get 12 billion riyals more next year, its CEO said.

  • Saudi Arabia Signals Oil Policy Shift

    The revised plan, according to the unnamed sources, is for the kingdom to increase incrementally its monthly production from December, adding a total of 1 million barrels per day (bpd) by December 2025. Even as this will weaken prices, the impact on Saudi Arabia may be limited, with the report making clear that the kingdom has other funding options for its infrastructure plans—namely, its foreign exchange reserves and the issuance of sovereign debt.

  • Saudi Arabia to expand cloud seeding program

    Riyadh has assembled a team of domestic and international researchers and learned vast amounts from its early efforts at cloud-seeding, Osama Ibrahim Faqeeha said, speaking in New York on the sidelines of the UN General Assembly and Climate Week. The country now aims to roll it out elsewhere within its borders and to lead broader regional research into the practice.

  • How NEOM Green Hydrogen Company is championing Saudi Arabia’s clean energy transition

    “For the future, the keyword is reinforcement,” he said. “We build our policy, procedures and framework around starting the operations and continuing the operations to be environmentally friendly.” NGHC’s ambitions extend far beyond the borders of Saudi Arabia. The project aims to position the Kingdom as a global leader in hydrogen production, while also creating thousands of new jobs and stimulating local economies.

  • Saudi FM urges Security Council to act to contain Mideast crisis

    Speaking at a Security Council meeting in New York, Saudi Arabia’s top diplomat lamented that despite the successive resolutions passed by the General Assembly, there is no end in sight to the “catastrophic  humanitarian situation” the people of Gaza are facing. Prince Faisal made the plea as fighting between Israel and the Hezbollah continued to escalate, with Israel expanding its air strikes to the southern suburbs of the Lebanese capital, Beirut, while Hezbollah targeting key Israeli facilities with missiles.

  • Inside the Lebanese Valley Where Israel Is Bombarding Hezbollah

    The bombardments across the Bekaa Valley are part of the more than 1,000 airstrikes that Israel has launched against Lebanon since Monday in an attempt to weaken Hezbollah, the Iran-backed Lebanese military group. The campaign is one of the most intense in contemporary warfare, experts say, and led to the deadliest day in Lebanon in decades.

  • His Excellency Saudi Minister of Finance Attends High-Level Retreat for Bretton Woods Institutions

    His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, attended the high-level retreat for Bretton Woods Institutions in New Hampshire, USA, held September 26-27, 2024, which discussed the future paths of the IMF and the World Bank and the upcoming challenges.

  • Saudi Arabia launches tender for 4.5 GW of wind power and photovoltaic projects

    Five projects are being tendered, spread across four of the kingdom’s provinces. These include: 1,500 MWac Dawadmi Wind IPP to be located in Riyadh province. 1,400 MWac Najran Solar PV IPP to be located in Najran province. 600 MWac Samtah Solar Photovoltaic (PV) IPP to be located in Jizan province. 600 MW Ad Darb Solar Photovoltaic IPP to be located in Jizan province. 400 MW As Sufun Solar Photovoltaic IPP to be located in Hail province. Saudi Arabia’s NREP aims to boost the share of renewable energy generation in the country. The kingdom is targeting a 50 percent contribution in RE generation in its power mix by 2030.