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Recent stories from sustg
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Road to the G20: Delegates at U20 Mayors Summit in Riyadh Discuss Transformation of Urban Energy Systems Using Renewables
The 3-day virtual Urban 20 (U20) meeting concluded today as mayors around the world collaborate on ideas and policies that will shape the world’s cities in the years to come.
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Coronavirus, Lockdowns, Low Oil Prices Take Toll on Saudi Economy in 2Q 2020 — Report
Saudi Arabia’s economy contracted 7% year-on-year in the second quarter of 2020 as the toll wrought by the Coronavirus pandemic and lower oil prices becomes clear, according to Bloomberg.
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Road to the G20: This Week’s Events include Energy, Urban-Focused Meetings
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items.
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Road to the G20: This Week’s Events include Trade, Science-Focused Meetings
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items.
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OPEC Revises Downward Outlook for Global Oil Demand as Coronavirus Weighs on Crude Recovery
OPEC has downwardly revised its outlook for global oil demand to an average of 90.2 million barrels per day in 2020 (down 9.5% from last year) as the Coronavirus weighs on crude recovery, according to reports, citing a recent publication from OPEC on Monday.
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King Salman, President Trump Speak by Phone; Discuss ‘Fair and Permanent’ Solution to Israel-Palestinian Peace
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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Saudi Arabia’s Economy Sees Bright Spots as Coronavirus Cases Continue to Decline
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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Improved Private Sector Sentiment Seen in Latest Saudi Economic Data – Jadwa Investment
Saudi Arabia saw a rebound in some economic data points after Coronavirus-driven shutdowns, according to the latest Jadwa Investment August 2020 Chartbook.
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Saudi Arabia’s Real Estate Refinance Co. to Acquire Mortgages Worth $800 Million
Saudi Arabia’s Saudi Real Estate Refinance Co. (SRC), an arm of the Public Investment Fund (PIF), will acquire mortgages worth SR3 billion ($800 million) from the Public Pension Agency (PPA), according to reports.
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Qiddiya Awards $2.6 billion In Contracts to ‘Speed Up Development’; Diriyah Gate ‘Full Speed Ahead’
Qiddiya, the mega-entertainment complex just outside of Riyadh that is set to transform the leisure landscape in the Saudi capital, announced on Thursday “at least SR10 billion ($2.66 billion) worth of contracts” will be awarded to various companies “to speed up construction,” according to reports.
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MUST-READS
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External Scholarships In Saudi Arabia – Study in Saudi Platform
The Kingdom of Saudi Arabia offers a range of External Scholarships for international students through the Study in Saudi Arabia platform. These scholarships are hosted by various Saudi universities. The duration of these scholarships typically aligns with the length of the chosen academic program.
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Average life expectancy in Saudi Arabia rises to 77.6 years
The report reveals a notable increase in average life expectancy in the Kingdom, which has risen to 77.6 years. This improvement is attributed to a series of health enhancements and initiatives, including the adoption of health promotion policies across all aspects of life, the promotion of walking culture, reduction of salt in foods, calorie disclosure, and the elimination of trans fats, along with efforts to enhance healthcare services and strengthen health risk prevention.
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Saudi Arabia Registers ‘Cultural Landscape of Al-Faw Archaeological Area’ on UNESCO World Heritage List
The Saudi Minister of Culture, Chairman of the Heritage Commission, and Chairman of the National Committee for Education, Culture, and Science, Prince Badr bin Abdullah bin Farhan, has announced that the Kingdom successfully inscribed the Cultural Landscape of Al-Faw Archaeological Area in the Riyadh Region on the UNESCO World Heritage List as a cultural site of outstanding universal value to humanity.
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Saudi Arabia’s Bahri reports 15% jump in Q2 revenue on year on oil, chemicals
The National Shipping Co. of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shipping rates and larger chemicals, dry bulk and logistics volumes, it said in second quarter results released July 28.
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Saudi Arabia launches seasonal markets system for date trading
The National Center for Palms and Dates, in collaboration with the Ministry of Environment, Water, and Agriculture, has announced the launch of the Seasonal Markets System, a mandatory electronic platform designed to regulate and organize the trading of dates in seasonal markets. The system aims to enhance the efficiency and quality of market data across all regions of the Kingdom, requiring registration for anyone looking to sell, buy, or market dates.
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Saudi Arabia joins 80 countries in historic deal on e-commerce
About 80 countries including Saudi Arabia reached a historic agreement on Friday on rules governing global digital commerce, including recognition of e-signatures and protection against online fraud. “We negotiated the first global rules on digital trade,” EU trade chief Valdis Dombrovskis said after the deal in Geneva following five years of negotiations.“This will facilitate e-transactions, boost innovation, and integrate developing countries into the digital economy,” he said.
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Jon Rahm wins LIV Golf UK for his 1st victory on the Saudi-funded tour
Jon Rahm won LIV Golf UK on Sunday for his first victory on the Saudi-funded tour when Legion XIII teammate Tyrrell Hatton three-putted his final hole for a bogey. Rahm closed with a 4-under 68 to finish at 13 under at JCB Golf & Country Club, a stroke ahead of Hatton (69), season points leader Joaquin-Niemann (65) and defending champion Cameron-Smith (69).
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Saudi Arabia issues major update on incredible new £3.8bn seaside city
Spread over 3,800 square kilometres, it showcases the Kingdom’s commitment to innovation, sustainability and cultural heritage. It comprises three distinct communities: Triple Bay, The Island, and The Coastal Development.
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Amid ‘politicization’ claims, Iraq prepares for first census after Saddam
Iraq is gearing up for its first general population census in 27 years, due to take place on Nov. 20. However, claims that the initiative will fall victim to partisan wrangling have dogged its planning stages. Meanwhile, supporters of the campaign have defended the economic focus of the census questionnaire, claiming that the data will be invaluable to rebuilding Iraq’s battered public services—particularly amid its ongoing development boom
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Why Gulf National Oil Companies Are Investing in U.S. LNG
Saudi Aramco and the Abu Dhabi National Oil Company are investing in U.S. liquefied natural gas projects, signaling their confidence in long-term gas demand and ambitions to become global gas players. These deals reinforce the commercial appeal of U.S. LNG and suggest that Gulf national oil companies represent a new pool of capital for global gas investment. It is notable that some of their first forays into international LNG have occurred in the United States, especially in a period of shakier policy support in Washington for LNG exports. The deals suggest that Washington’s relations with Riyadh and Abu Dhabi are improving.
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