Analysis

Fintech Saudi Releases National Fintech Adoption Survey Results in 5 Areas

• SUSTG Team
• |
• 8. 10. 2021

Fintech Saudi, an initiative launched by the Saudi Central Bank (SAMA) in partnership with the Capital Market Authority (CMA), has announced the results of the National Fintech Adoption Survey, a first of its kind measurement in Saudi Arabia of the people’s interest in adopting fintech solutions.

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  Saudi Aramco Posts Nearly 300% Jump in 2Q Profit on Soaring Energy Demand Recovery

  SUSTG Team  |  8. 9. 2021

  Saudi Aramco generated a net income of $25.5 billion in the second quarter of 2021, beating expectations and boosting the company's earnings to nearly quadruple its earnings from the same quarter last year.

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  SABIC’s Profit Surges in 2Q Amid Booming Demand for Petrochemical Products

  SUSTG Team  |  8. 5. 2021

  Saudi-based petrochemicals giant SABIC hit a $2 billion quarterly profit in the second quarter of this year as a healthy global demand for its products drove sales, according to reports.

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  Jadwa Chartbook: Oil Prices Continue Climb for Third Straight Month, Benefitting Saudi Economy

  SUSTG Team  |  8. 2. 2021

  A third straight monthly gain for oil is benefitting the Saudi economy, as SAMA FX reserves rose in June by $8.8 billion month-on-month and the non-oil PMI was unchanged at 56.4, indicating continued growth, a recently-released monthly Chartbook by Jadwa Investment for the month of June notes.

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  Saudi PPP to Invest $15 Billion in New Technology Fund – Report

  SUSTG Team  |  7. 29. 2021

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  Ivory Coast beat Saudi Arabia 2-1 in Kingdom’s Olympic Soccer Opener

  SUSTG Team  |  7. 22. 2021

  The Ivory Coast beat Saudi Arabia 2-1 in the Kingdom's opening Olympic soccer match on Thursday in Yokohama, Japan.

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  Saudi Startups Raise Over $250m So Far in 2021, Report Says

  SUSTG Team  |  7. 19. 2021

  Dubai-based research platform Magnitt says Saudi Arabian startups raised more than a quarter of a billion dollars in venture capital (VC) funding during the first half of 2021, as the Kingdom looks to continue to develop entrepreneurship within its borders.

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  Oil Demand Soars in 2021, Expected to Grow Further as Market Reacts to Reported Saudi-UAE Agreement

  SUSTG Team  |  7. 16. 2021

  Global demand for oil is soaring in 2021 as the world rebounds from the pandemic year, according to OPEC data and shared by Riyadh-based Jadwa Investment in an oil market update.

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  Report: Algosaibi Family Conglomerate AHAB Near Debt Settlement after Nearly 12 Years

  SUSTG Team  |  7. 8. 2021

  One of Saudi Arabia’s largest and longest debt sagas, ongoing for nearly 12 years, is set to finally reach a resolution.

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  Saudi Reaches Key 70% Vaccination Milestone, but New Cases Reach 10-Month High

  SUSTG Team  |  6. 24. 2021

  Saudi Arabia's Ministry of Health (MoH) on Wednesday said it has administered more than 16.8 million vaccine doses covering 70 percent of the total adult population in Saudi Arabia, a key milestone as the Kingdom progresses toward a full recovery from the pandemic.