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Recent stories from sustg
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OPEC Continues to Forecast Robust Global Oil Demand Growth in 2022 and 2023
- September 13,2022
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- SUSTG Team
In its latest monthly report, OPEC stuck to its forecasts for robust global oil demand growth in 2022 and 2023, citing signs that major economies were faring better than expected despite global headwinds such as surging inflation, Reuters reports.
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Saudi GDP Up 12.2% in Second Quarter, Exceeding Initial Estimate, as ‘Boom Spreads Beyond Oil’
- September 7,2022
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- SUSTG Team
Saudi Arabia’s real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, new data revealed on Wednesday, as the Kingdom continues to see growth from high oil prices that is now spreading to the private sector.
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Report: Israeli Energy Companies Create JV for Saudi, Gulf Push
- August 16,2022
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- SUSTG Team
Israeli companies Enlight Renewable Energy Ltd. and natural gas producer NewMed Energy LP plan to jointly develop renewable energy projects in North Africa and the Middle East, including in Saudi Arabia and Oman, Bloomberg reports.
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Saudi Arabia Expected to Join $1 Trillion+ Economies in 2022
- August 9,2022
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- SUSTG Team
Saudi Arabia’s economy is expected to cross the $1 trillion mark, joining the largest economies in the world as the Kingdom’s GDP is expected to soar in 2022 on the back of high oil prices.
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Saudi Arabia Eyes Hosting of 2026 Women’s Asian Cup
- August 1,2022
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- SUSTG Team
Saudi Arabia has joined Australia, Jordan and Uzbekistan as nations who have expressed interest in hosting the 2026 Women’s Asian Cup, the Asian Football Confederation (AFC) said on Monday as reported in Reuters.
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Crown Prince Mohammed bin Salman, Russian President Putin Speak by Phone
- July 22,2022
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- SUSTG Team
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone on Thursday and underlined the importance of further cooperation within the OPEC+ group of oil producers, Reuters reports, citing a release from the Kremlin.
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The 966 Episode 51 with economist and longtime observer of Saudi Arabia, Dr. John Sfakianakis
- July 8,2022
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- SUSTG Team
In episode 51, The 966 chats with our long-time friend and longtime economist and observer of the Kingdom, Dr. John Sfakianakis. John is the chief economist and head of research of the Gulf Research Center in Riyadh, Saudi Arabia, and is a professorial fellow at Cambridge. He’s also an associate fellow with the Middle East […]
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Saudi Arabia Welcomes Largest Pilgrimage Since Pandemic’s Start
- July 5,2022
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- SUSTG Team
Up to one million people, including 850,000 from abroad, are visiting Saudi Arabia for the Hajj Pilgrimage, in what is the largest gathering of pilgrims since the start of the pandemic curbed the ability for Saudi Arabia to host.
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U.S. Department of Commerce and Saudi Ministry of Commerce Announce Plan to Deepen Commercial Cooperation
- June 16,2022
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- SUSTG Team
The U.S. and Saudi Arabia announced a new plan for cooperation between the two nations aimed at deepening the bilateral commercial relationship, per a press release.
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It’s Official: President Biden to Visit Saudi Arabia July 15-16 2022; will Meet with King Salman, Crown Prince Mohammed bin Salman
- June 14,2022
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- SUSTG Team
President Biden will be conducting an official visit to the Kingdom of Saudi Arabia on July 15-16, a statement from the White House and separately from Saudi Arabia’s royal court confirmed, capping weeks of behind-the-scenes work to arrange for the visit.
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MUST-READS
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GovernanceSaudi shake-up strengthens king’s powerful son
The goal, a foreign diplomat told AFP, is "to strengthen MBS (Mohammed bin Salman) and the Salman branch" of the al-Saud family which has ruled Saudi Arabia since the country's founding.
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TurkeyFor Turkey’s Erdoğan, new powers present fresh challenges
The aftermath of Erdoğan's narrow referendum victory – marked by protests, arrests, and divisive rhetoric – is revealing the magnitude of his coming challenges, not least of which is unifying the Turkish people.
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ACWA PowerACWA Power Will Bid to Build Saudi Arabian Solar Energy Project
ACWA Power International will bid to build a solar energy project in Saudi Arabia, part of the kingdom’s $50 billion push to temper domestic oil use.
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TurkeyAs Erdogan gains power in Turkey, a weakened opposition tries to stand in his way
In the wake of an otherwise bitter defeat, Turkey’s opposition parties found a silver lining: They had denied President Recep Tayyip Erdogan the thumping victory he craved in Sunday’s referendum on expanding his powers.
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Renewable EnergySaudi ACWA Power Invests $4.8 Billion in Renewable Energy Projects
ACWA Power said that the total investment cost of the portfolio in renewable energy projects, which include 13 projects in five different countries around the world, is worth SR18.329 billion ($4.8 billion).
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Iran in the RegionPerspective: Syria: The Hidden Power of Iran
As my own trip to northern Iraq and northern Syria last month revealed, even as the international coalition makes major gains against the Islamic State, the region’s crises are multiplying. Worse, they are also, increasingly, intersecting, sucking in outside powers with a centripetal force that has proved impossible to withstand.
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U.S. Middle East PolicySaudis Know That U.S. Power Can Bring Lasting Peace
The U.S. has been working closely with us for a long time to combat terror groups and to deter Iran and Hezbollah, often in ways the public doesn’t see. Our support has been critical, but there are certain definitive actions that only the U.S. can take, certain voids that only the U.S. can fill.
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U.S.-TurkeyTrump congratulates Erdoğan after Turkey vote grants sweeping powers
Donald Trump called to congratulate Recep Tayyip Erdoğan hours after the Turkish president claimed a narrow victory in a contested referendum that will grant him sweeping new powers, according to the White House.
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GazaGaza’s only power plant runs out of fuel
The Gaza Strip's only functioning power plant has shut down after running out of fuel, leaving two million people in the Hamas-governed Palestinian territory with only six hours of electricity a day.
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TurkeyTurkey’s President Erdogan is set to gain sweeping power after a controversial referendum
Turkish president Recep Tayyip Erdogan says he has triumphed in a radical constitutional referendum that will consolidate the government under his control.
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