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Crown Prince Mohammed bin Salman to Visit Pakistan on Saturday, Announce $20b in Deals
- February 13,2019
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- SUSTG Team
Saudi Arabia’s crown prince Mohammed bin Salman is set to make his first state visit to Pakistan on Saturday, where he will announce investment projects worth up to $20 billion, a senior official told VOA news. The investment is needed for Pakistan, which is cash-strapped and facing multiple regional political challenges with a recently-elected Prime Minister. […]
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Saudi Arabia Launches Office to Monitor State Spending, Corruption After Crackdown
- February 5,2019
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- SUSTG Team
Saudi Arabia has launched a new office to monitor state spending, saying it would help keep up the fight against corruption after the closing of a 15-month crackdown that yielded over $100b of assets to the government, according to Reuters. A newly created financial reporting office would be part of the state’s General Auditing Bureau, which watches […]
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Private-Sector Program ‘Direction’ in Saudi Arabia Boosts Cross-Cultural Understanding, Dialogue
- February 1,2019
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- SUSTG Team
A private-sector program in Saudi Arabia is seeking to enhance relations between the Kingdom and nations around the world through delegations of Saudi youths in order to spread “a culture of moderation and respect for others” in line with the Kingdom’s Vision 2030. The program, called “Direction,” designs, executes and manages supportive programs for Saudi and Arab […]
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Saudi Arabia Doubles Down on Industrial Development Program; Seeking over $400 Billion in Investment
- January 28,2019
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- SUSTG Team
Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly $429 billion) in private sector investment over the next 10 years for an infrastructure and industrial program, according to an announcement over the weekend and at an investment conference in Riyadh today. Investments will be made through the National Industrial Development and Logistics Program (NIDLP), […]
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Fahad Nazer Named New Saudi Embassy Spokesperson in Washington
- January 24,2019
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- SUSTG Team
The Royal Embassy of Saudi Arabia in Washington has appointed Fahad Nazer as official spokesperson, according to a press release and announcement made public yesterday. Nazer, who has been a contributor to SUSTG.com as well as Arab News and other publications in the region and United States, replaces Ms. Fatimah Baeshen, who served in the role since September 2017 […]
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Secretary of State Pompeo Meets Top Saudi Leadership in Riyadh
- January 14,2019
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- SUSTG Team
Secretary of State Mike Pompeo held talks with Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman in Riyadh on Monday, discussion topics ranging from the conflicts in Syria and Yemen, threats from Iran and the Saudi response to the killing of Washington Post columnist Jamal Khashoggi last year, according to reports. The Associated Press reports that Pompeo spent […]
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Production Cuts Begin with Big Drop in Crude Oil Supply; Prices Rise
- January 3,2019
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- SUSTG Team
Oil output from OPEC countries fell 530,000 barrels a day to 32.6 million a day last month, Bloomberg reports, in what amounts to the sharpest pullback since January 2017. The cut in supplies is a response by the group to a global glut of oil on the market and a falling price for oil on international indices […]
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Saudia-Owned Flyadeal Selects Boeing for Expansion Fleet with $3.5b in New Planes
- December 21,2018
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- SUSTG Team
Saudi Arabian discount carrier Flyadeal will switch from an all-Airbus SE fleet to Boeing jets after ordering 30 737 Max narrow-body planes worth $3.5 billion at list prices, according to a Bloomberg report. The Chicago, Illinois-based Boeing has been in competition with France-based Airbus for the order since mid-2016, according to the report. The airline committed to […]
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In Dhahran, Energy Secretary Perry, Al-Falih Discuss Oil Markets, Nuclear Possibilities
- December 10,2018
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- SUSTG Team
U.S. Energy Secretary Rick Perry held a round of talks with Saudi Minister of Energy Khalid Al-Falih and Aramco CEO Amin Nasser as well other energy industry figures in Dhahran, Saudi Arabia, according to reports. The top energy officials from the U.S. and Saudi Arabia discussed oil markets and nuclear power possibilities. Saudi Arabia’s energy minister Khalid al-Falih […]
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High Stakes as Saudi Arabia, Russia Leaders Meet on Sidelines of G20
- November 30,2018
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- SUSTG Team
Top officials from Russia and Saudi Arabia are set to test their energy policy coordination through a series of meetings this week, both in Argentina on the sidelines of the G20 meeting and in Vienna, Austria next week for a meeting between OPEC and non-OPEC producers. Crude futures have fallen more than 25 percent since climbing to a four-year peak […]
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MUST-READS
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Saudi-ChinaSaudi Arabia, China decide to build nuclear reactor, revive Silk Route on Jinping’s Riyadh visit
Chinese President Xi Jinping made his first visit to Saudi Arabia on Tuesday after coming to power, and his talks with Saudi King Salman bin Abdulaziz Al Saud saw the signing of several crucial agreements, including reviving the Silk Route and building a nuclear reactor.
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ChinaChina’s Stake in the Saudi Arabia-Iran Clash
Amid the tensions, China sent Vice Foreign Minister Zhang Ming to Saudi Arabia and Iran for an exchange of views on the regional situation, according to Chinese Foreign Ministry spokesperson Hua Chunying.
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IraqChina and Iraq Announce Strategic Partnership
Iraqi Prime Minister Haider al-Abadi arrived in Beijing on Tuesday for a two-day visit, Abadi’s first since assuming office in September 2014. During Abadi’s visit, China and Iraq issued a joint statement upgrading their relationship to a strategic partnership.
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Global Oil MarketsRussia passes Saudi Arabia as top China oil supplier for 3rd month in 2015
The jump in imports demonstrates the fierce battle occurring between Russia, currently the world's biggest crude producer, and Saudi Arabia, the world's largest oil exporter, for market share in China, the second-biggest crude consumer in the world.
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Commodity MarketsOil, Copper Slump at Mercy of Saudi Arabia, China
Dane Davis, commodities research analyst at Barclays, and Bloomberg's Javier Blas discuss how Saudi Arabia, OPEC and China are impacting the commodities slump in oil and metals.
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Saudi Oil PolicySaudi Arabia Edges Out Russia in China Oil Sales as OPEC Digs In
“Saudi Arabia never stopped fighting for market share in China and in Asia as a whole,” Gao Jian, an analyst at SCI International, a Shandong-based energy consultant, said by phone. “One year after OPEC announced its production policy to defend market share, their strategy seems to be working.”
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Saudi - ChinaWhy Saudi wants a Silk Road route with China
Saudi Arabia revealed its intention to enter into negotiations with China to develop the economic belt of the historic silk road, which is the road that links the east and the west commercially and passes through the Arabian Peninsula. That came after the recent Latin American and G-20 summits.
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DaeshIslamic State says it has executed two captives from Norway and China
Islamic State said it had killed a Norwegian and a Chinese captive, showing what appeared to be pictures of the dead men under a banner reading "Executed" in the latest edition of its English language magazine.
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China SupplyRussia overtakes Saudi Arabia for second time in China crude supply
Russia supplied a record amount of crude oil to China in September, surpassing Saudi Arabia for the second time as the top seller to the Asian giant, customs data showed, boosted by demand from independent refiners.
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SABICSaudi Arabia’s Sabic Plans More Than Three Ventures in China
Saudi Basic Industries Corp., the world’s second-biggest chemicals manufacturer, plans more than three joint venture projects in China, according to acting Chief Executive Officer Yousef Al Benyan.
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