SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Saudi Arabia’s industrial sector to benefit from agreement between the Ministry of Industry, Digital Government

    Saudi Arabia's industrial sector is set to see closer integration of its digital platforms and the development of new online products thanks to an agreement between the Ministry of Industry and Mineral Resources and the Digital Government Authority. Under the deal, the MIMR will provide advisory support regarding decisions and regulations related to digital transformation and digital government work in order to enable the ministry to activate all industrial sector services, according to the Saudi Press Agency.

  • Saudi government raises $5bn in 2022 to become the MENA’s biggest debt issuer

    Saudi Arabia’s government was the Middle East and North Africa’s biggest debt issuer in 2022 as it raised $5 billion, according to a report released by global provider of financial market data and infrastructure Refinitiv. The Kingdom’s administration was also in the lead when it came to the issuance of Islamic bonds, securing $2.5 billion. The UAE government came second in the ranking with $3 billion, the report disclosed.

  • Saudi government raises $5bn in 2022 to become the MENA’s biggest debt issuer

    Saudi Arabia’s government was the Middle East and North Africa’s biggest debt issuer in 2022 as it raised $5 billion, according to a report released by global provider of financial market data and infrastructure Refinitiv. The Kingdom’s administration was also in the lead when it came to the issuance of Islamic bonds, securing $2.5 billion. The UAE government came second in the ranking with $3 billion, the report disclosed.

  • Saudi Arabia gives government agencies limited options to contract with foreign firms

    Article Six of the regulations states that it does not prevent companies that do not have regional headquarters in the Kingdom or any related party from submitting offers for public biddings by any of these agencies, provided that these entities do not accept the submissions of these companies or related parties except on two occasions: The first is when there is only one technically acceptable offer, and the second is when the offer submitted by the company, which does not have a regional headquarters in the Kingdom or the related party, submitted the best offer after the overall evaluation from a technical point of view and is financially 25 percent more or less than the value of the second best offer.

  • Amak obtains exploration licence from Saudi government

    The Saudi Ministry of Industry and Mineral Resources has licensed Almasane Alkobra Mining Company (Amak) to explore gold, zinc, and copper in Aseer province. Under the licence that was issued on 2 January 2023, Amak will explore an area of 20.67 square kilometres in Dhahran Al Janub, according to a recent bourse filing.

  • Netanyahu government unveils plan to rein in Israel’s top court

    Prime Minister Benjamin Netanyahu's new hard-right Israeli government unveiled a plan on Wednesday that would allow parliament to overturn some Supreme Court rulings and grant the government more say in nominations to the bench. Justice Minister Yariv Levin's announcement had been expected and appeared likely to raise concerns at home and abroad for Israel's democratic health while sharpening feuding with the centre-left opposition in the Knesset.

  • Israel’s New Government & Netanyahu’s Return

    On Thursday, December 29, the Israeli Knesset ratified a new government, marking the return of Benjamin Netanyahu and his allies to political leadership. This government, formed of many right-wing politicians and few women, has expressed its intention to expand settlements in the occupied West Bank, causing many to fear potential regression in Palestinian autonomy. As regional and international communities await to see the policies of this government in action, public statements from foreign leaders display the wide breadth of opinions on the future of Israeli foreign and domestic policy.

  • Netanyahu returns to power as Israel swears in most right-wing government in its history

    The new government is expected to take steps toward annexing the West Bank. Annexation is unlikely while the U.S. is led by the Biden administration, but Netanyahu's coalition has signaled it will implement it if a Republican wins the presidential election in 2024.

  • World Cup highlights differences between Arab governments, publics over Israel

    Football fans from Arab countries have boycotted Israeli media at the tournament, while public spaces in Qatar have been filled with symbols of solidarity with Palestinians. Fans have interrupted broadcasts with pro-Palestinian chants and waved Palestinian flags, while there have also been tense face-to-face exchanges with Israeli journalists outside stadiums.

  • Al-Jadaan: Government’s approach was a ‘good shock’ to private sector

    Al-Jadaan revealed that more than 99 percent of the government’s payments to the private sector this year were paid within 15 days, instead of 45 days as was the case of the payment system of the ministry. This enabled the companies to avoid bearing the burden of high rates of interest when they receive funds from financial firms to meet their operating expenses during the government payment maturity period. Saudi Arabia recorded a surplus of $27 billion (SR102 billion) during the current year of 2022, recording the first budget surplus in 9 years.