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Recent stories from sustg
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Report: Kingdom Owns a Majority Stake in Tesla Rival Lucid Motors
- June 26,2020
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- SUSTG Team
Saudi Arabia has amassed a more than 50% stake in California EV startup and Tesla rival Lucid Motors, according to a report in The Verge.
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Aerial View of Jeddah Port Stars in NASA Earth Observatory’s Image of the Day
- June 24,2020
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- SUSTG Team
The NASA Earth Observatory made its image of the day a stunning aerial photo of Jeddah, Saudi Arabia’s port from directly above.
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New York-based Wahed Invest, an Online Halal Investment Platform, Secures Funding from Saudi Aramco
- June 8,2020
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- SUSTG Team
New York-based online Islamic investment platform Wahed Invest has secured backing from Saudi Aramco, the world’s biggest company, to expand into the Middle East and make Riyadh its hub for the region, according to Bloomberg.
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Analysis: With Saudi Arabia’s PIF Investment in Two Canadian Energy Companies, Strategic Investment Shift Continues
- June 3,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) invested in two Canadian energy companies in the first quarter of 2020, expanding its holdings in the sector likely at lower-than-usual valuations as oil prices hit cyclical lows this year.
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WTI, Brent set for biggest monthly gains in years
- May 29,2020
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- SUSTG Team
Despite a fall today, crude oil prices are set for their biggest monthly gain in years after historic production cuts and a rebound in demand. The U.S. crude benchmark (WTI) has jumped almost 80 per cent in May, Bloomberg reports, the biggest gain in exchange data compiled by Bloomberg going back to 1983. That comes after […]
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U.S., Saudi Forces Conduct Joint Military Exercises on Saudi Islands
- May 27,2020
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- SUSTG Team
Forces from the United States and Saudi Arabia are conducting “routine and joint sustainment training” on and around Karan and Kurayn islands, Kingdom of Saudi Arabia this week, according to a statement from the U.S. Naval Forces Central Command.
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Kingdom’s National Development Fund Plans Near-Doubling of Funds to Saudi Businesses in 2020
- May 22,2020
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- SUSTG Team
Saudi Arabia’s National Development Fund (NDF) plans to provide an extra $5.9bn to Saudi businesses on top of the $6.8 it usually disperses annually, according to reports, as the Kingdom looks to weather the economic headwinds created by the global Coronavirus pandemic and lower oil prices.
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Ramadan Kareem from the SUSTG Team
- April 23,2020
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- SUSTG Team
The SUSTG team expresses our warmest wishes on the occasion of the holy month of Ramadan.
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COVID-19-Induced Oil ‘Demand Destruction’: Jadwa Sees Saudi Crude Production at 9.4 mbpd Average in 2020
- April 20,2020
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- SUSTG Team
With a bleak outlook for oil demand growth in 2020 by OPEC, and recent pledged cuts agreed to by the so-called OPEC+ group of producers last week, Saudi Arabia is set to produce about 2 million barrels per day less on average compared to previous forecasts, Jadwa Investment writes in a new quarterly oil market […]
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Oil Continues Steep Decline; U.S. Crude Reaches 17-Year Low
- March 18,2020
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- SUSTG Team
Oil prices fell for a third session on Wednesday on indices around the world, and U.S. crude futures tumbled to a 17-year low “as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus epidemic,” according to Reuters.
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MUST-READS
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Asia Energy MarketsCrises in Middle East could change Asia’s energy security dynamic
India and China are not only trying to reduce their dependence on oil from the Middle East, but also considering renewable energy alternatives; meanwhile, China-Russia-Iran-Pakistan could become a new energy supply axis in the near future
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National Security StrategyTrump approves National Security Strategy
Sources familiar with the document call it "hard-nosed" and "realistic" — and less ambitious and idealistic than prior efforts. Critics will likely argue it forfeits American values and moral leadership — a continuation of Trump's lack of interest in fighting climate change and spreading democracy, his exit from the Paris climate deal and the Pacific trade deal.
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Saudi-SingaporeSaudi Arabia, Singapore seek to bolster security ties
Saudi Arabia and Singapore have pledged to work together to boost security cooperation and fight terrorism following talks between senior Saudi and Singaporean officials.
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Cyber SecuritySaudi Arabia sets up National Cyber Security Authority
In September this year, Saudi Arabia, which is believed to be one of the most vulnerable nations to cyber attacks, featured in the list of “Top 10 target countries”, in a report led by an Israel-based multinational cybersecurity firm Check Point Software Technologies Ltd.
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CybersecuritySaudi Arabia sets up new commission to boost cybersecurity
King Salman has set up a new cyber authority to protect information technology networks, systems and data, and improve online security for companies and individuals.
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AfghanistanAfghan Desertions in the U.S.: Assessing the Desertion and “Ghost Soldier” Problem in Afghan National Security Forces
It is all too easy to forget that the success or failure of the war in Afghanistan ultimately depends on the real-world combat capability of the Afghan fighting solider. U.S. airpower, Special Forces, fire support, and use of CIA operatives can all help; but "train and assist" means exactly what it says. Just as was the case in Korea—a win—and Vietnam—a loss, it is the native soldier that ultimately counts.
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Ring Home SecurityRing partners with Al-Jammaz to provide smart home security in Saudi Arabia
Ring has evolved as a leading brand in the smart home security space represented by more than 16,000 stores across North America. Ring’s products have been hailed globally as a dependable second set of eyes and ears to deter thieves from breaking into homes and communities.
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Cyber SecurityTrump Administration Plans a New Cybersecurity Strategy
Those three components are: improving the security of federal government computer networks; leveraging government resources to better secure critical infrastructure, such as hospitals, banks and financial firms; and establishing norms of good behavior in cyberspace and punishing bad behavior.
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SecurityGunman attacks Saudi security forces at gate of Jeddah royal palace
Two Saudi guards were shot dead and three others injured on Saturday morning when a man drove up to the gate of the royal palace in Jeddah and began shooting, the interior ministry said in a statement carried by state news.
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TurkeyTurkish security forces kill five Kurdish militants in southwestern Turkey
Turkish security forces killed five Kurdish militants in the southwestern province of Mugla on Thursday, broadcaster NTV said, marking a rare clash in an Aegean coastal region popular with foreign tourists.
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