SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Saudi Arabia Businesses Upbeat on Outlook Despite Inflation Pressures

    Inflation weighed on Saudi business conditions in March but non-oil firms were optimistic about the outlook thanks to rising demand, a survey published on Tuesday showed. The Riyad Bank Saudi PMI recorded 58.7 in March, easing from an eight-year record of 59.8 last month. But it was still above 50, the mark that separates growth from contraction. “Despite the global headwinds including the recent credit crunch and heightened uncertainty, Saudi non-oil firms exhibited a robust degree of confidence towards future activity,” said Naif Al-Ghaith, chief economist at Riyad Bank.

  • Saudi non-oil business growth eases in March but output remains strong-PMI

    Saudi Arabia's non-oil business activity continued to expand at a strong rate in March, a monthly survey showed, boosted by an increase in new orders, although the pace of growth softened from the previous month. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index eased to 58.7 in March, firmly over the 50 mark which separates growth from contraction, but down from 59.8 in February, the highest reading in almost eight years. The New Orders sub-index eased to 66.4 in March after surging to 68.7 the previous month but signals continued strong demand, with demand from foreign firms particularly strong.

  • Switzerland’s attractiveness as a business hub has been falling since 2013

    A McKinsey analysis of Switzerland’s attractiveness to multinational companies suggests that while the country remains an important corporate hub, it has lost relevance to Singapore and Dubai.

  • Partnership with business ‘key’ to reaching sustainable economic future, forum told

    Partnership is key to get business on side with the UN’s sustainable development goals and boost social responsibility, panelists at a forum in Riyadh have said. Princess Lamia Bint Majed Al-Saud, Secretary General at Alwaleed Philanthropies, said at the Future of Education, Science and Culture forum that her organization had helped more than a billion people in 190 countries, a feat it could not have achieved without working with others.

  • Amy Roko takes over Arabian Business for Women’s Day, fires editors

    Roko – who has never removed her veil in public and never revealed her real name – first began making videos in 2014. She quit her job in a hospital four years later to work full time in social media, and now has nearly 3 million followers on Instagram and TikTok. She works closely with leading brands such as Levi and Benefit Cosmetics and has become a role model for millions of women around the world.

  • Ramadan 2023: Saudi announces Eid holidays, work timings for some businesses

    The Saudi Central Bank (SAMA) has announced the working hours for the month of Ramadan, as well as the holidays for Eid Al-Fitr and Eid Al-Adha. The working hours for bank branches and offices during the month of Ramadan will be from 10:00 AM to 4:00 PM, while money transfer centers will operate from 9.30 AM to 5.30 PM.

  • US business delegation to visit Kingdom to explore opportunities in different sectors

    In an exclusive interview with Arab News, Steve Lutes, vice president for Middle East affairs at the US Chamber of Commerce, said the delegation will focus on innovation and knowledge-based economic growth. The delegation will target several sectors including healthcare, life sciences, genomics, sustainable living, green energy and tech, climate solutions, and the digital space.

  • ADNOC to sell 4% of gas business in IPO to raise $2bn

    The final offer price is scheduled for 3 March 2023 while trading is planned to commence ten days later. People familiar with the matter told the news agency that the deal would give the business a valuation of $50bn, making ADNOC Gas one of the world’s largest listed gas firms. For 2023, ADNOC Gas is expected to pay $3.25bn in dividends. ADNOC Gas has a pipeline network of over 3,250km, as well as eight onshore and offshore assets. It has a production capacity of approximately ten billion standard cubic feet of gas per day.

  • Atlantic Council’s inaugural Rafik Hariri Awards to honor Arab leaders in business, social entrepreneurship, and arts

    In a ceremony to be held at Washington, D.C.’s John F. Kennedy Center for the Performing Arts, Rafik Hariri Award recipients will include: Sir Magdi Yacoub, founder of the Magdi Yacoub Global Heart Foundation, Magdi Yacoub Foundation, and Chain of Hope for the Social Impact Award; Fatma Said, award-winning soprano for the Artistic Excellence Award; and Ahmad Abu Ghazaleh, executive vice chairman of Abdali Hospital for the Business Leadership Award.

  • 100 Most Powerful Businesswomen 2023 – Forbes Lists

    This year’s list of the region’s most powerful businesswomen features 100 entries, with 104 women from 27 different sectors and 27 nationalities. The banking and financial services sector dominates the list with 23 entries, followed by 11 who are leading diversified businesses, eight from the investments sector, six from the retail sector, and five from healthcare. The U.A.E. and Egypt scored the most entries at 15 and 12, respectively, followed by 11 from Saudi Arabia, eight from Kuwait, and six each from Lebanon, Qatar and Oman.