SUSTG.com / Research

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

Recent stories from sustg

  • KAPSARC Report: The $200 Billion Annual Value of OPEC’s Spare Capacity to the Global Economy
     

    A recent peer-reviewed report by the King Abdullah Petroleum Studies and Research Center (KAPSARC) finds that OPEC’s spare capacity reduces oil price volatility and generates between $170 and $200 billion of annual economic benefits for the global economy. “Rising international oil prices and increased geopolitical uncertainty have put OPEC’s spare production capacity back into the spotlight,” […]

     
  • Report: Saudi Delegation of Companies Led by Ministry of Economy and Planning Set to Visit New York
     

    The Saudi Ministry of Economy and Planning (MEP) will lead a delegation comprising of a “number of government and private-sector entities and representatives of charitable associations” to the United States to present a review of the country’s progress on sustainable development, according to reports. The delegation will participate in the UN’s High-level Political Forum on […]

     
  • Report: Saudi Aramco Mulls Stake in SABIC
     

    Saudi Aramco has invited banks to pitch for an advisory role on the potential acquisition of a strategic stake in Saudi Basic Industries Corp (SABIC), two sources with direct knowledge of the matter told Reuters. Riyadh-listed SABIC, the world’s number-four chemical firm, is 70 percent owned by the Public Investment Fund, Saudi Arabia’s top sovereign […]

     
  • Report: Saudi to Invest $10b in South Africa’s Economy
     

    Saudi Arabia will invest at least $10 billion in South Africa, mostly in the energy sector, including building oil refineries, Reuters reports, citing the spokeswomen for South Africa’s president Cyril Ramaphosa said on Thursday. The pledge was made by Saudi Crown Prince Mohammed bin Salman during an official visit by President Ramaphosa and government ministers […]

     
  • Report Says U.S., Saudi Arabia Officials Working Closely on Ongoing Economic, Security Cooperation
     

    U.S. government teams spent three days in Saudi Arabia discussing ways to cut off money flows to Iran without disrupting energy markets, Bloomberg reports, ahead of U.S. efforts to press nations to stop buying Iranian oil by Nov. 4. The report, which cited a senior State Department official, said that envoys from the State and Treasury departments and […]

     
  • MIT Professional Education Launches New Collaboration with Saudi Arabia’s Al Yamamah University
     

    MIT Professional Education is launching a new collaboration with Al Yamamah University (YU) aimed at “promoting diversity at institutions of higher education and supporting the country’s overall development and sociocultural evolution,” the prestigious university announced on its website. As part of the initiative, MIT Professional Education will “develop and teach professional education courses on leadership and innovation […]

     
  • Financial Sector Development Program: Delivery Plan 2020
     

    A recently released report from Jadwa Investment shines light on the Saudi Arabia’s Financial Sector Development Program (FSDP), which was announced in April of this year. “In many ways, the FSDP is one of the most important Vision Realization Programs (VRPs), in that the success of the other 11 VRPs are wholly dependent on it,” […]

     
  • Will Uber and Careem Merge?
     

    San Francisco-based Uber Technologies Inc. and Dubai-based Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, according to reports, in a merger that would create one dominant presence in the market and avoid a potentially costly rivalry. Bloomberg reports that the two companies have discussed a potential merger but the companies have only discussed […]

     
  • Exclusive: Engineering Giant Bechtel Launches New Women’s Empowerment Program in Saudi Arabia
     

    Global engineering and procurement giant Bechtel Corporation will launch a new pioneering program for women’s empowerment in Saudi Arabia, set to be announced this month and rolled out this fall, SUSTG has learned. Working with Al Khaleej Training and Education organization, the program aims to increase women’s participation in the country’s workforce through training and […]

     
  • ‘The Worst May be Over for Saudi Economy’ as GDP Growth Returns
     

    Rising oil prices and a surge in the non-crude sector jolted the Saudi economy back to life in the first quarter of this year, according to reports, as economists and analysts say the worst might be over for the Kingdom after enacting tough but needed economic reforms. The Kingdom’s GDP grew for the first time […]

     

MUST-READS

  • Abu Dhabi’s tech hub sees surge of interest from start-ups

    Hub71, backed by Abu Dhabi state fund Mubadala Investment Co, the SoftBank Vision Fund, and Microsoft (MSFT.O), has accepted 100 start-up firms since its inception in 2019 after a selection process that drew about 3,500 applications, said Hub71 chief operating officer Jida Itani.

  • Saudi attitudes to women in the workplace change as job market gets kickstart

    “I told them they have to let me go, I cannot sit all my life like this,” Munira said. “The first time [I told them] they said ‘No, why? We can give you money’. I said ‘I don’t want to spend my life like this, I’m not looking for marriage yet, I need more experience in life’.” But her parents finally relented and today Munira, 28, works in a men’s clothes store in the capital and shares an apartment with her sister. She is one of the growing number of women working in the conservative kingdom, a trend that has helped change the face of retail outlets in the capital’s ubiquitous malls and delivered one tangible success of Crown Prince Mohammed bin Salman’s ambitious economic reform plan. In just four years, the participation of women in the labour force has almost doubled to 33 per cent.

  • Pentagon, State Department square off on Afghanistan accountability

    Recent hearings on Afghanistan have left members of Congress frustrated as top officials from the State Department and Department of Defense (DOD) lay blame on the other at congressional hearings on Afghanistan.

  • China economy: Third-quarter GDP data grows 4.9%, missing expectations

    The National Bureau of Statistics said Monday that gross domestic product grew 4.9% in the third quarter from a year ago. That missed expectations for a 5.2% expansion, according to analysts polled by Reuters. Industrial production rose by 3.1% in September, below the 4.5% expected by Reuters.

  • FII Institute partners with global entities for 5th Anniversary FII

    The Future Investment Initiative (FII) Institute is proud to announce 16 partnerships with some of the world's largest companies and entities ahead of the 5th Anniversary of FII on October 26-28, 2021, in Riyadh, Saudi Arabia.

    As a global nonprofit foundation, the partners will support the work of the FII Institute to make an impact in five areas: AI, Robotics, Education, Healthcare, and Sustainability. The 5th Anniversary FII will take place under the theme "Invest in Humanity". Discussions will revolve around the investments that will create the greatest benefits for humanity, as multiple sectors witness a renaissance in the post-COVID era. The platform brings together world leaders, experts, innovators, and media in a global forum to explore pioneering solutions addressing society's challenges and propel action towards their realization. The three-day conference will include interactive summits on Investing in Education; Investing in the Metaverse; and Investing in Environmental, Social and Governance (ESG).

  • G20 is continuing great work started last year under Saudi presidency, says minister

    Al-Qasabi, who is chairman of the board of the Saudi General Authority for Foreign Trade, also said that Saudi Arabia is a strong supporter of efforts to reform the World Trade Organization through the Riyadh Initiative on the Future of the WTO. Approved by G20 leaders last year, it seeks to promote recovery and restore global growth.

  • The 2nd Annual Saudi Smart Cities Summit: Envisioning a Smart Saudi Future

    For the next two days, the Saudi capital will host the second edition of an annual summit and expo, one that addresses the kingdom's aspirations of building smart cities all across Saudi Arabia.

  • Neom partners with UNWTO to drive Saudi tourism growth

    The competition is the first national initiative dedicated to identifying new companies that will lead the tourism sector’s transformation in Saudi Arabia. As well as established businesses, the competition also welcomes applications from Saudi Arabian start-ups and innovators with ideas capable of revolutionising and inspiring tourists by presenting new ways and reasons to travel.

  • Biggest U.S. Retailers Charter Private Cargo Ships to Sail Around Port Delays

    Port delays, Covid-19 outbreaks and worker shortages have snarled the flow of products between Asia and North America, threatening the supplies of everything from holiday decorations and toys to appliances and furniture. It is taking roughly 80 days to transport goods across the Pacific, or twice as long as before the pandemic, retail and shipping executives said.

  • US State Department condemns attack on King Abdullah Airport in Saudi Arabia’s Jazan

    The attack against the King Abdullah airport in Jizan was carried out Friday night by an explosives-laden drone, resulting in injuries to 10 passengers and workers, Gulf News quoting the alliance spokesman Turki Al Maliki reported. On Wednesday, four employees at another Saudi airport were injured after Saudi defences intercepted an explosive drone launched by Al Houthis, Gulf News reported.

Left Menu Icon
Logo Header Menu