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U.S. Chamber of Commerce Brings Global Initiative on Health and Economy to Saudi Arabia
- December 21,2016
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- SUSTG Team
A delegation from the U.S. Chamber of Commerce recently traveled to Saudi Arabia as part of an initiative aimed at promoting healthy living as a way to achieve a thriving economy. The U.S. Chamber’s Global Initiative on Health and Economy works to promote health as an economic asset around the world. This month, representatives from the […]
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Major U.S. $7.9 Billion Weapon Sales Plans Include $3.51b in Chinooks to Saudi Arabia
- December 9,2016
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- SUSTG Team
The Defense Security Cooperation Agency (DSCA) has approved five notifications of weapon sales to Congress, including 48 Chinook Cargo Helicopters for Saudi Arabia, Apache helicopters for the United Arab Emirates and TOW missiles for Morocco, according to reports. The estimated cost for the Saudi purchase is $3.51 billion. The Defense Security Cooperation Agency delivered the required […]
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King Salman Dances in Qatar, Causes Social Media Buzz
- December 7,2016
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- SUSTG Team
Saudi Arabia’s King Salman set social media sites buzzing after he was seen dancing the traditional Ardha dance alongside his counterpart, the Qatari Emir HRH Sheikh Tamim bin Hamad Al Thani. The King’s visit to Qatar is part of his tour of several GCC countries this week. King Salman arrived from the UAE, where he celebrated the Emirates’ […]
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Saudi Arabia Replaces Labor Minister, Appoints 30 Women to Shoura Council
- December 5,2016
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- SUSTG Team
Saudi King Salman appointed a new Minister of Labor on Sunday and appointed 30 women to the Shoura council as the Kingdom seeks to turn short term economic pain into long term stability and diversification with its Vision 2030 policy. Dr. Ali bin Nasser al-Afis (also spelled Ali bin Nasser al-Ghafis) is the new Minister, replacing Dr. Mufrej […]
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Jadwa Investment: ‘Prudent Policies’ Should Decrease Saudi Deficit in 2017
- November 23,2016
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- SUSTG Team
Jadwa Investment’s recently released macroeconomic update for the Kingdom’s economy finds that “prudent policies” have been taken to reform the fiscal budget. The Riyadh-based bank said that “fiscal consolidation, coupled with improved non-oil revenues, will mean a smaller-than-anticipated fiscal deficit in both 2016 and 2017. This consolidation will, nevertheless, negatively impact private sector activity, thereby […]
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Two-Day MiSK Global Forum in Riyadh Showcases Ideas of Innovation And Global Culture to Empower Youth
- November 15,2016
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- SUSTG Team
The MiSK Foundation under the sponsorship of Deputy Crown Prince Mohammed bin Salman launched today a major two-day forum in Riyadh that focuses on entrepreneurship and innovation issues. Over 75 prominent speakers include Cisco Chairman John Chambers, Emirati Minister Of Youth Shamma Almazrui, CEO of KAEC Fahd Al-Rasheed, Vice President of the Women’s Affairs at the […]
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GCC Bloc Could Be World’s 6th Largest Economy, Deputy Crown Prince Mohammed Says
- November 11,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said that the GCC countries could become the world’s sixth largest economy if they joined forces in the coming years. The comments were made at the opening ceremony of the first meeting of the GCC Economic and Development Affairs Authority in Riyadh. The authority was created to hasten coordination […]
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At Ceremony in Seattle, Saudia Receives First Boeing B777-300ER, Commits to Vision 2030 Goals
- November 10,2016
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- SUSTG Team
Saudia’s top executive held a press conference in Seattle on Tuesday announcing the Kingdom’s commitment to the goals of the government’s Vision 2030 reform plans, a day before receiving the airlines’ first Boeing B777-300ER aircraft supplied with new and luxurious compartments for first class passengers. Saudia Director General Saleh Bin Nasser Al-Jasser said that the […]
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Saudi Arabia’s Former Minister of Petroleum and Natural Resources Ali Al-Naimi Pens Memoir
- November 4,2016
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- SUSTG Team
Saudi Arabia’s former Minister of Petroleum and Natural Resources Ali Al-Naimi has penned a memoir that offers “a rare insight into decades of domestic infighting over the future of state-run Saudi Aramco,” Reuters reports. Out of the Desert: My Journey from Nomadic Bedouin to the Heart of Global Oil, published by Portfolio Penguin, “describes the battles waged […]
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Yemen’s Houthi Rebels Fire Missiles Toward Holy City of Mecca in Saudi Arabia, Coalition Says
- October 28,2016
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- SUSTG Team
Yemen’s Houthi militia launched a ballistic missile toward Mecca on Thursday, the Saudi-led coalition intervening in Yemen’s civil war on behalf of the government said in a statement. Reuters via the Saudi Press Agency (SPA) reports that Coalition forces “destroyed the missile 65 km (40 miles) from the holy city before it could do any […]
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MUST-READS
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Saudi AramcoSaudi Aramco Says Nasser New CEO of World’s Biggest Oil Firm
Nasser, senior vice president for upstream until May, will become the fourth Saudi national to head Aramco since its inception in 1933, after Oil Minister Ali al-Naimi, Abdullah Jumah and Al-Falih.
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AramcoChina’s SEPCO set to win gas booster project for Saudi Aramco
China's Shandong Electric Power Construction Corp (SEPCO) will likely win a contract to help expand the capacity of the main gas pipeline across Saudi Arabia, industry sources said.
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Saudi AramcoSaudi Aramco signs first contract to build over 8,000 homes
Aramco's workforce grew to almost 62,000 last year from just over 57,000 the year before as the company, which has both the world's largest proven crude oil reserves and largest daily production, expands its activities.
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Saudi Oil PolicyAramco Cuts October Crude Pricing to U.S. as Demand Declines
Saudi Arabia, the world’s largest crude exporter, cut pricing for all October oil sales to the U.S., widening the discount on its Medium grade for the first time in eight months, with refining demand plunging after the end of the summer driving season.
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Saudi-JapanJapan’s JGC wins Saudi Aramco’s shale gas contract
Japan's JGC Corp has won a contract to build shale gas facilities in the northwest of Saudi Arabia for state oil company Saudi Aramco, industry sources familiar with the matter said.
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Saudi AramcoSaudi Aramco to appoint Mufti CEO of trading arm
Mufti, who has been leading mergers and acquisitions (M&A) at Aramco, will replace Said Al Hadrami as chief executive of Aramco Trading, the sources said on condition of anonymity because the appointment has not yet been announced officially.
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Saudi Aramco: Cyber Attack‘No emails, no phones, nothing’: How Saudi Aramco – the world’s biggest oil company – survived a debilitating cyber attack
An independent cyber security consultant has described how Saudi Aramco had to get by on typewriters and paper, after the August 2012 cyber-attack that disabled more than 30,000 of the company's workstations for almost two weeks.
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Aramco: HistoryAramco Brats: I Didn’t Know
Aramco Brats, I didn’t know you call Saudi Arabia…Home.
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GhawarSaudi Aramco Testing C02 to Get More Oil From Giant Ghawar Field
Injecting CO2 into Uthmaniyah will boost oil-recovery rates by 10 to 15 percentage points, Khowaiter said in March. The CO2 for the project will be captured at Hawiyah gas recovery plant and then piped 85-kilometers to the site. The project will be tested for three to five years before Aramco applies the technology to other fields, it said in Thursday’s statement.
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Saudi AramcoForeign firms bid for Saudi Aramco’s Fadhili gas project
Foreign engineering firms have submitted bids to build a gas plant in eastern Saudi Arabia for state oil giant Saudi Aramco at an estimated cost of $5 billion to $6 billion, industry sources said.
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