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Recent stories from sustg
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More Progress on Preventing Covid-19 Spread in Kingdom as Saudi Arabia’s Cases Hit 3-month Low
- August 3,2020
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- SUSTG Team
In positive news that highlights the efficacy of Saudi Arabia’s measures to prevent the spread of the Coronavirus, the Kingdom continues to make significant and steady progress in reducing the number of new COVID-19 cases, with the newest figures showing cases at a three-month low.
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Will the 2020 G20 Meeting in Saudi Arabia be Virtual? Kingdom Holds Off on Final Decision for Now
- July 22,2020
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- SUSTG Team
Saudi Arabia’s finance minister said on Wednesday that no final decision has been made on whether the G20 leaders summit will be physical or virtual and the Kingdom is still considering the matter, according to Reuters.
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Saudi Ambassador Reema Bandar Al-Saud Nominated to International Olympic Committee
- June 12,2020
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- SUSTG Team
Saudi Arabia’s Princess Reema Bandar Al-Saud is among three women nominated and four total new individual members to the International Olympic Committee this week as part of an effort to increase women’s representation in sport.
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Saudi Aramco’s Share Price Bounces Back to Pre-Oil Price Fall Levels as Crude Prices Rebound
- May 20,2020
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- SUSTG Team
Shares in Saudi Aramco bounced back to pre-oil price war levels after gaining as much as 3.09% on Tuesday, an encouraging sign that oil demand may be gaining again and a global glut of crude is beginning to clear.
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Saudi, International Team Begin 5-Year Archeological Excavations of Kingdom’s Al-Ula Sites
- May 15,2020
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- SUSTG Team
Saudi Arabia has kicked off an international five-year long archaeological mission to excavate key sites at Al-Ula in the Kingdom, the ancient heritage site of the Dadan and Lihyan kingdoms.
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Saudi Arabia’s progress toward food security, water conservation accelerated by Coronavirus crisis
- May 13,2020
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- SUSTG Team
Saudi Arabia is adjusting to the new realities of the Coronavirus by making strategic investments domestically and internationally into its food supply and agriculture sectors, according to reports.
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Women’s Historic Inaugural Golf Event in Saudi Arabia Rescheduled for October
- April 14,2020
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- SUSTG Team
The first women’s professional golf event to be staged in Saudi Arabia, the Aramco Saudi Ladies International presented by Public Investment Fund, has been rescheduled for Oct. 8-11, receiving a new date after postponement last month due to the coronavirus pandemic.
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Russia, Saudi Arabia and OPEC Reach Deal for Historic Production Cuts
- April 13,2020
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- SUSTG Team
Russia, Saudi Arabia and OPEC reached a historic deal on oil production cuts over the weekend, agreeing to cut almost 10 percent of global supply with Russia and Saudi Arabia bearing the brunt of the cuts.
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Saudi Arabia’s PIF Bulks Up Energy Holdings with $1 Billion in Four Major European Oil Companies
- April 9,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund has “amassed stakes worth roughly $1 billion in four major European oil companies,” the WSJ reports, as the deep-pocketed sovereign wealth fund goes on a buying spree of assets on the cheap amidst a global economic downturn.
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King Salman bin Abdulaziz Al Saud Chairs ‘Extraordinary’ G20 Virtual Summit to address the COVID19 crisis
- March 26,2020
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- SUSTG Team
Saudi Arabia’s King Salman chaired a virtual G20 summit via video teleconference with world leaders to address the COVID19 crisis under the G20 Saudi Arabia Presidency. World leaders, including Chinese President Xi Jinping, India’s Prime Minister Narendra Modi, and President Donald Trump and others joined the summit. Mexico’s President told the summit that there is urgency for the United Nations […]
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MUST-READS
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Saudi AramcoSaudi Aramco says an increase in onshore gas likely
State oil giant Saudi Aramco is not expected to reduce its drilling rig count this year and could increase the number marginally as it focuses on natural gas production, industry sources said.
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Saudi Aramco IPOWhite and Case advises Saudi Aramco on world’s biggest IPO
Feb 9 State oil giant Saudi Aramco has appointed international law firm White & Case as legal adviser for its planned initial public offering (IPO), expected to be the world's biggest, sources familiar with the matter told Reuters.
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Saudi AramcoSaudi Aramco said to borrow up to $1.6bn with domestic sukuk
A planned domestic sukuk issue by oil giant Saudi Aramco is likely to be in the region of 3 to 6 billion riyals ($800 million to $1.6 billion), Saudi Arabia-based debt capital market bankers said on Tuesday.
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Saudi Aramco IPOSaudi Aramco hires Moelis for historic $2 trillion flotation
il titan Saudi Aramco has reportedly hired investment bank Moelis to work on its stock market flotation, which is set to be the biggest listing in history. The appointment, which was reported by the Financial Times, is a major coup for New York-based boutique Moelis, which was founded just a decade ago.
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Saudi Aramco IPOSaudis to raise $10 billion ahead of Aramco IPO
Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June this year, ahead of a planned initial public offering next year, Bloomberg reported on Monday, quoting people familiar with the matter.
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Motiva SplitShell expects to split Motiva assets with Saudi Aramco in second quarter
Shell Oil Co, the U.S. unit of Royal Dutch Shell Plc, said on Monday it expects to divide the refineries and other assets of the Motiva Enterprises [MOTIV.UL] joint venture with co-owner Saudi Aramco in the second quarter of 2017.
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Aramco Bond SaleSaudi Aramco Hires Banks for First Bond Sale Ahead of IPO
Saudi Arabian Oil Co. picked four banks to advise on its first bond sale, two people familiar with the matter said, ahead of plans for the world’s largest initial public offering.
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Aramco ReservesSaudi Oil Minister Says Aramco Reserves Audit ‘Very Reassuring’
The results so far are “in the positive side” and higher than the company’s own reserves estimate, Al-Falih said, declining to identify the auditors.
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Saudi Aramco IPOSaudi Aramco likely to list on multiple exchanges at same time
Saudi Aramco is likely to list its shares simultaneously on more than one exchange but this is still under evaluation, Energy Minister Khalid al-Falih said on Thursday.
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Saudi AramcoSaudis Talk Up Aramco As Asia Oil Price Rises
Saudi Arabia’s state oil company crude reserves are showing “very reassuring” results during an audit, energy minister Khalid Al-Falih said Thursday.
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