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King Salman, President Trump Speak by Phone; Discuss ‘Fair and Permanent’ Solution to Israel-Palestinian Peace
- September 8,2020
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- SUSTG Team
Saudi Arabia’s King Salman and President Trump spoke by phone over the weekend, discussing several issues of importance to the U.S.-Saudi relationship, including a recent push by President Trump’s son-in-law Jared Kushner to make progress resolving the Israel-Palestine issue.
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Pandemic Continues to Ease in Saudi Arabia; Authorities ‘Encouraged by the Resilience Demonstrated by the Saudi Economy’
- September 4,2020
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- SUSTG Team
The Coronavirus pandemic continues to ease in Saudi Arabia, with daily new cases remaining under 1,000 this week and trends continuing in a positive direction in what may potentially provide a boost to the Kingdom’s economy in the months ahead.
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Report: Saudi Aramco Slows Diversification Plans Amid Lower Oil Prices, Dividend Pledge
- September 3,2020
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- SUSTG Team
Saudi Arabia’s state oil company Saudi Aramco is reviewing its diversification and investment plans domestically and internationally as lower oil prices and delivering on a promised dividend have put pressure on the company, according to an exclusive Wall Street Journal report.
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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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Saudi Arabia’s Economy Sees Bright Spots as Coronavirus Cases Continue to Decline
- September 1,2020
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- SUSTG Team
As the Coronavirus spread continues to decline in Saudi Arabia, fresh data from the from the Saudi Arabian Monetary Authority (SAMA) indicates some bright spots for Kingdom’s economy, according to Jadwa Investment.
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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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FTSE Russell Launches Saudi Arabian Government Bond Index
- August 27,2020
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- SUSTG Team
Global index provider FTSE Russell launched a bond index for Saudi Arabia to measure the performance of fixed-rate, local currency government bonds, according to reports and a statement from the FTSE.
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With Saudi Success with OPEC+ Cuts, Jadwa Downgrades Saudi GDP Forecast in 2020
- August 26,2020
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- SUSTG Team
A recently-released report by Jadwa Investment revises downward the overall Saudi gross domestic product (GDP), now estimated to contract by 3.7% in 2020, as the Kingdom sees its oil diplomacy achieve enormous successes in stabilizing the markets after dual shocks earlier this year.
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Saudi Arabia Continues Steady Progress against Coronavirus Spread as Officials Emphasize Safety of Future Vaccine Trials
- August 25,2020
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- SUSTG Team
Saudi Arabia continues to make steady progress in preventing the spread of the the Coronavirus after overcoming two waves of new cases and deaths, according to official government data.
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Saudi Arabia’s Energy Ministry to Directly Assist with NEOM’s Development
- August 24,2020
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- SUSTG Team
Saudi Arabia’s Ministry of Energy will participate in the development of NEOM to ensure its timely completion, offering “assistance” in the city’s grand development plans, according to Reuters, which cited comments from the Minister.
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MUST-READS
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Women in Saudi ArabiaMs Saffaa, protest art and the fledgling Saudi Arabia women’s rights movement
“Don’t say Saudi women don’t have a voice. We have a voice. You just haven’t been paying attention.”
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EconomySaudi Arabia Starts Contractor Repayments After Long Delays
Saudi Arabia is repaying debts to contractors after long delays that squeezed company finances and hurt investor sentiment. Stocks gained.
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Saudi Artists TourSaudi Arabian artists confront Islamophobia on US road trip – video
As anti-Muslim feeling in the US is stoked by Donald Trump, a group of young Saudi Arabian artists travel from Texas to California, exhibiting their work and confronting their audience’s fears, prejudices and stereotypes. They explain what it means to be an artist in Saudi Arabia
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U.S.-Saudi CommerceU.S. Official: Saudi Arabia Biggest Commercial Partner in Middle East
Arun Kumar, U.S. Assistant Secretary of Commerce, told Asharq al-Awsat that “Saudi Arabia is the biggest commercial partner of the U.S. in the Middle East,” describing the relations between the two countries as solid.
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Art and Culture‘We have a voice’ — artist confronts Saudi Arabia’s male guardianship laws
In 2012, an artist and activist who goes by Ms. Saffaa was finishing an honors degree at the University of Sydney when she was told by the Saudi Arabian government, which sponsored her, that she needed to live with a male guardian to supervise her. She was in her early 30s and hearing that was, in her words, “humiliating.”
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Saudi International BondSaudi Arabia to Start Debut Bond Investor Meetings Oct. 12
The kingdom will conduct meetings in London, Los Angeles, Boston and New York from Oct. 12, two people said, asking not to be identified because the information isn’t yet public.
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Vision 2030Saudi Arabia’s Post-Oil Plan Off to Rough Start in Year One
The first year of Saudi Arabia’s drive to reduce its oil dependence may end with the opposite result. A flurry of cost-cutting measures will likely push the non-oil economy into recession, analysts say. That means that any overall growth in 2016 will be largely due to record crude output.
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Saudi MilitarySaudi Arabia starts naval exercises in the Gulf
Saudi Arabia began naval war games including live fire exercises on Tuesday in the Gulf and Strait of Hormuz, the world’s most important oil route, official media reported, a move that coincides with heightened tensions with regional rival Iran.
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Atomic EnergySaudi Arabia takes part in International Conference on Atomic Energy
The International Conference on Atomic Energy has opened its 60th session in the Austrian capital Vienna.
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SecuritySaudi Arabia thwarts terror plans by ISIS-linked groups
Saudi security forces have thwarted ISIS-linked terrorist operations in the kingdom, the Saudi Interior Ministry said in a statement Monday.
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