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Recent stories from sustg
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Oil Approaches Prices Not Seen Since Start of Pandemic as Optimism on Vaccines, U.S. Stimulus Drives Prices
- December 18,2020
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- SUSTG Team
Oil reached its highest close in almost 10 months as U.S. lawmakers worked toward finalizing a stimulus deal that may boost near-term demand ahead of a broad roll-out of the Covid-19 vaccine. Futures in New York were near $48.50, headed for a seventh weekly gain, Bloomberg reports.
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Saudi Arabia’s Economy Still Shrank in 3Q Despite Rebound Trend
- December 17,2020
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- SUSTG Team
Saudi Arabia’s economy shrank more slowly in the third quarter of this year as the government relaxed some measures put in place to curb the spread of the Coronavirus but the oil sector continued to weigh on the Kingdom’s overall economic outlook, according to reports.
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Saudi Arabia Registers Pfizer COVID-19 Vaccine for Import, Distribution in Kingdom
- December 10,2020
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- SUSTG Team
Health authorities in Saudi Arabia have registered the Pfizer-BioNTech COVID-19 vaccine for import and use in the country, state news agency SPA said on Thursday. Saudi Arabia’s Food and Drug Agency registered the vaccine. Procedures necessary for its import and use will begin, the statement said.
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Road to the G20: G20 Leader’s Summit Publication Released Ahead of Virtual 2020 Summit
- November 20,2020
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- SUSTG Team
Organizers of the G20 in Riyadh released the summit’s Annual Publication ahead of the G20 leadership summit, beginning tomorrow and taking place virtually due to the Coronavirus pandemic. Saudi Arabia as host has prioritized empowering people, safeguarding the planet and shaping new frontiers as themes for this year’s event, the first G20 to be chaired by a nation […]
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Rising Coronavirus Cases, Lockdowns Globally Will Hurt Oil Demand More than Previously Thought in 2021, OPEC Says
- November 11,2020
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- SUSTG Team
A global surge in Coronavirus cases and resulting lockdowns in late 2020 will cause oil demand to rebound more slowly in 2021 than previously thought, OPEC said on Wednesday. The surge in Coronavirus cases will hamper efforts by OPEC and its allies to support the market, Reuters reports.
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Road to the G20: B20, T20 Meetings Conclude Ahead of Main G20 Event
- November 2,2020
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- SUSTG Team
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. Saudi Arabia just wrapped up the hosting of the B20 business-focused group, as well as the T20 meetings last week. The Business 20 […]
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Road to the G20: Two-Day Virtual B20 Begins Today
- October 26,2020
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- SUSTG Team
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. This week, Saudi Arabia will host the B20 business-focused group, as well as the T20 meetings later this week.
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Strict Countermeasures Continue to Pay Off as Saudi Arabia’s Covid Deaths Hit New Lows
- October 23,2020
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- SUSTG Team
Strict rules and regulations in place and an elevated social awareness of the danger of the coronavirus continues to pay dividends in stopping the spread of the virus in Saudi Arabia, data confirms. Saudi Arabia on Friday recorded just 383 new coronavirus cases and 14 deaths, representing some of the lowest figures seen in the Kingdom since […]
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IMF Sees Contraction in 2021 for Middle East Economies, With Oil Prices in $40-$50 Range
- October 20,2020
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- SUSTG Team
The International Monetary Fund (IMF) downgraded its outlook for Middle East and Central Asian economic recovery, predicting a 4.1% contraction for the region as a whole, according to latest data released by the international organization.
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Saudi Aramco in Talks with BlackRock, Others for $10 Billion Pipeline Deal
- October 14,2020
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- SUSTG Team
Saudi Aramco is in talks with U.S.-based global investment management corporation BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources told Reuters, although the deal is still in early stages.
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MUST-READS
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IraqIraq, Germany′s Siemens sign power agreement
Iraq's government and German industrial conglomerate Siemens have signed a framework agreement to upgrade the electricity grid of the power-strapped country.
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UAEOpinion: The UAE evolves into a ‘smart’ power
These Asia-Africa strategies have glued together commercial, diplomatic and security interests, marking a new chapter in the UAE’s diplomatic journey.
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ArtIn Soccer, Power’s Always in Play
“Soccer and the Arab World: The Revolution of the Round Ball,” an exhibition at the Arab World Institute in Paris that runs through July 21, surveys the modern history of the sport in Africa and the Middle East, charting changes in gender and racial politics, government and finance, through the lens of the game.
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Watan 89‘Watan 89’: Saudi security forces’ explosive display of firepower
Interior Minister Prince Abdul Aziz bin Saud bin Naif watched the no-holds-barred closing ceremony of the third joint training exercise for Watan 89, a special forces team composed of 13 different sectors from the Ministry of Interior and the Presidency of State Security.
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Solar PowerSaudi power company in Dubai to build the world’s largest concentrated solar power plant
A Saudi power company will soon begin construction on the world's largest concentrated solar plant. Situated in the United Arab Emirates, the plant will have an estimated capacity of 700 megawatts and a power storage system that will keep the lights of Dubai shining for up to 15 hours after sunset.
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Gray ZoneKeep those Iraq War notes handy: Small wars, not great power battles, still the most likely future fight
“While you’re going to have the larger force-on-force kind of engagements, at the same time, there’s going to be action in ‘gray zone’ ... the space in between war and peace,” said retired Col. Frank Sobchak, co-author of the long-delayed Iraq War Study and a former Army Special Forces officer.
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Nuclear PowerU.S. Senate bill to mandate disclosure of nuclear power approvals involving other nations
A bipartisan group of U.S. senators will introduce legislation on Wednesday mandating that the executive branch disclose details about authorizations it gives companies on sharing sensitive nuclear energy information with countries looking to build reactors.
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Wind PowerSaudi Arabia to intensify wind power investments
The kingdom's developers will build 6.2 giga-watts of wind capacity – or 46 per cent of the region’s total wind capacity addition – between 2019 and 2028, according to Wood Mackenzie Power & Renewables.
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CybersecurityA powerful hacker group behind the Triton malware strikes again
A highly capable hacker group reportedly behind in a failed plot to blow up a Saudi petrochemical plant has now been found in a second facility. FireEye researchers said it found traces of the so-called Triton group in another unnamed “critical infrastructure” facility.
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Nuclear EnergyIs Saudi Arabia on track to become a nuclear power?
Saudi Arabia’s first reactor will not instantly propel Riyadh to the rank of major nuclear power, experts have cautioned. “It’s a small reactor that is essentially designed for research and development,” said Laura Rockwood, head of the Vienna Center for Disarmament and Non-Proliferation, in an interview with FRANCE 24.
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