SUSTG.com / Research
Discover stories, topics, and more about Saudi Arebia faster.
We can't find results matching your search.
Adjust your search and try again or browse topics and stories below.
Recent stories from sustg
-
IMF Backs Saudi Cuts, Puts Saudi Growth Forecast at 1.2 Percent in 2016
The “new reality” of lower crude prices means governments in the Gulf – and especially Saudi Arabia – are right to cut spending to reflect this new fiscal reality, the IMF said. The IMF slashed its forecast for growth in Saudi Arabia, as it blamed the slowing Chinese economy, the collapse in oil prices and […]
-
Saudi-led Intervention in Yemen to Restore Hadi Continues into 10th Month with ‘Different Objectives’
The Saudi-led intervention in Yemen continues into its 10th month of fighting with some gains but no decisive victory for the coalition seeking to restore power to the UN-recognized Hadi government and oust control of parts of the country from Houthi militia members. The coalition has retaken Aden, Yemen’s southern port, and according to Saudi […]
-
Oil Dips Below $30 on Brent for the First Time Since 2004 as Iran, China Put Downward Pressure on Prices
The price of oil on Brent fell below $30 a barrel for the first time since April 2004, but eventually recovered to $30.22, according to reports. Oil prices have fallen by 70% in the past 15 months. A gusher of supply from around the world continues to put downward pressure on prices. According to CNBC, U.S. […]
-
With 49 New Arrests, Saudi Arabia Continues Clamp Down on Domestic Extremists
Saudi Arabia has arrested 49 suspected terrorists over the past 10 days, according to Saudi officials and as reported in the Saudi Gazette. The arrests were “a preemptive crackdown in various parts of the Kingdom,” security sources said, adding that the suspected terrorists surrendered without any resistance. They consisted of 36 Saudis, six Syrians, four Yemenis, a […]
-
Saudi Arabia’ Deputy Crown Prince Mohammed bin Salman Gives His First On-the-Record Interview
Saudi Arabia’s Deputy Crown Prince and defense minister Mohammad bin Salman spoke to The Economist on January 4th in his first on-the-record interview. [Full transcript of the interview available here] [Economist leader here] The interview touched on a wide range of subjects with the son of King Salman, beginning with 7 questions on Saudi Arabia’s […]
-
Saudi Arabia’s 2016 Budget Features Prudent Fiscal Policy Decisions
Saudi Arabia’s 2016 budget marks a shift in fiscal policy toward prudent but tough decisions for the future of the Arab world’s largest economy. In a recently released note to investors, Riyadh-based Jadwa Investment said the 2016 budget still provides a high level of government spending to drive the Saudi economy. Budgeted at $226b, the amount is a […]
-
King Salman’s Speech to Shura: The Kingdom is Committed to Decreasing Dependence on Oil as a Main Source of Revenue
Saudi Arabia’s King Salman said in a major speech today that Saudi Arabia will seek to diversify its sources of income and improve the efficiency of government spending as it strives to reduce its dependence on oil revenue, which has plunged since last year, Reuters reports. “The kingdom is committed to implementing programs to diversify […]
-
Saudi Arabia Extends Financial Support of Egypt, Despite Fiscal Strains at Home
Saudi Arabia has extended its financial support of the Egyptian government to an added $8 billion in 5 years, along with energy concessions and other assistance, despite facing a budget crunch at home. The announcement followed a meeting between Deputy Crown Prince Muhammad Bin Salman, Second Deputy Premier and Minister of Defense, and Egyptian Prime […]
-
9th Global Competitiveness Forum (GCF) in Riyadh Set for January 24-26, Will Examine ‘Key Drivers’ of Competitive Sectors
Business and political leaders will converge in Riyadh for the 9th Global Competitiveness Forum (GCF) to “discuss the key components that drive competitiveness” in the Saudi economy on January 24-26, 2016. The event is hosted by the Saudi Arabian General Investment Authority (SAGIA) and will take place at the Four Seasons in Riyadh.
-
With Extreme Stance on Muslims, Trump Angers Arab Businessmen, Jeopardizes Global Business Interests
Arab businessmen and Gulf industry leaders are blasting Donald Trump for his extreme views on Muslims, with some of the region’s most powerful men branding Trump “the biggest enemy of Islam” and others eyeing a rethink of ties with the controversial Republican presidential candidate. Trump’s comments are having a very real impact on his business interests in the […]
- 10 of 2918 results<< 1 … 142 143 144 145 146 … 292 >>
MUST-READS
-
ATP signs multi-year strategic partnership with Saudi Arabia’s PIF
The ATP Tour and Saudi Arabia's Public Investment Fund (PIF) have signed a multi-year strategic partnership, the governing body of men's tennis said on Wednesday in a move highlighting the growing influence of the Gulf nation on global sport. The PIF will now become the official naming partner of the men's rankings as well as partner ATP tournaments in Indian Wells, Miami, Madrid, Beijing, the season-ending ATP Finals in Turin and the Next Gen ATP Finals staged in Jeddah.
-
Saudi Arabia May Be Taking Center Stage in Post-Gaza Peace
While Saudi leaders have in the past engaged in efforts to secure a fair resolution of Palestinian-Israeli issues, such as the Fahd Plan in 1981 and the Arab Peace Initiative of 2002, the current moment feels different. The kingdom holds greater leverage with regional and international partners, including the Biden administration which continues to push for a Saudi-Israeli deal before the US presidential election in November. With influence comes responsibility, and the question of how, when, and where to play the cards in the Saudi hand.
-
Saudi Arabia unveils program to localize 75% of jobs in energy sector
Saudi Energy Minister Prince Abdulaziz bin Salman said that the ministry is working on a program to Saudize 75 percent of jobs in the energy sector. In his speech at the Human Capacity Initiative, Prince Abdulaziz said that that the Saudi energy sector has better opportunities to achieve high rate of Saudization compared to other sectors. “The energy sector at the global level is struggling with difficulties. According to global statistics, women’s participation in the energy sector represents 15 percent,” he said.
-
SAMI announces board of directors restructuring with new leadership
Saudi Arabian Military Industries (SAMI), a pivotal national entity in the defense and security sector and a key enterprise under the Public Investment Fund (PIF), has unveiled a significant restructuring of its Board of Directors. The newly appointed Chairman of the Board is Prince Khalid Bin Salman, with the board comprising esteemed members such as Bandar Al-Khorayef, Abdulaziz Al-Duailej, Eng. Talal Al-Otaibi, Dr. Khalid Al-Biyari, Yasir Al-Salman, Eng. Omar Al-Madhi, and Eng. Abdulaziz Al-Suqair.
-
Saudi Arabia needs a second airline because it’s ‘not as easy as it should be’ to get to ‘the home of Cristiano Ronaldo,’ says the CEO of the country’s next carrier
Tony Douglas, the CEO behind Saudi Arabia's soon-to-be second flag carrier, couldn't get a direct flight to Singapore from his home base of Riyadh. Douglas, who heads Riyadh Air, had to instead fly to Dubai, then transfer to UAE-based airline Emirates to get to Southeast Asia. Other staff members had to fly Qatar Airways via Doha. Saudi Arabia is "the home of Cristiano Ronaldo [and] a country that’s two-thirds the size of Europe." Douglas said in a moderated discussion at Aviation Festival Asia 2024 in Singapore on Wednesday.
-
Saudi Minister of Finance Heads Kingdom’s Delegation to 1st G20 FMCBG Meeting Under Brazilian Presidency
His Excellency the Saudi Minister of Finance, Mr. Mohammed Aljadaan, will head the Kingdom's delegation to the first G20 Finance Ministers and Central Bank Governors meeting under the Brazilian Presidency held February 28-29, 2024 in Sao Paulo, Brazil. The Saudi delegation includes His Excellency the Governor of the Saudi Central Bank (SAMA), Mr. Ayman Al-Sayari, and other senior officials from the Saudi Ministry of Finance and the Saudi Central Bank.
-
Bain & Company expects Saudi retail sector to grow 4-5% annually
Speaking on the sidelines of the Retail Leadership Summit (RLS), he stated that Saudi Arabia witnessed a recovery in the retail sector in 2023, as consumer spending rose by 6.7%, after difficult last few years marked by value-added tax (VAT), COVID, and inflation. Some categories like restaurant and grocery grew even faster, while others such as fashion, jewelry, and electronics were more stagnant. The growth in spending on entertainment means that consumers have less money to spend on retail, Fabre added.
-
Saudi jobs: 77% of bosses plan pay rises, work-from-home trend fading, employees to switch roles for better benefits and training
Bosses in Saudi Arabia are planning pay rises, new hires and calling workers back to offices this year, according to the Hays Middle East Salary Guide for the Kingdom. The guide provides comprehensive salary data for more than 200 roles across 11 professions, with the latest labour market trends based on expert insights and the analysis of a survey of 400 employers and working professionals. Among the findings are the 77 per cent of employers expecting to offer salary increases this year and almost a third of workers admitting they could change jobs due to lack of career development opportunities.
-
Iran Votes: Lukewarm on Leadership, Cool on Economy
Young Iranians under the age of 30 -- a key part of the protest movement after Amini’s death -- are particularly disapproving (61%) of their leadership. With those younger than 30 making up over 60% of Iran’s population, their view toward Iran’s leadership may prove decisive in Khamenei’s call for greater turnout and the outcome of the vote itself.
-
Ukraine’s Zelenskyy in Saudi Arabia to talk prisoners, Russia war
I had a meaningful and candid conversation with His Royal Highness Crown Prince Mohammed bin Salman. We discussed the Peace Formula's points and the progress that can be made in implementing them. Saudi Arabia's leadership can assist in finding equitable solutions. We value His Royal Highness' commitment to restoring genuine peace and are grateful for his advice and support. I also spoke about our efforts and dialogue with partners in preparation for the Global Peace Summit in Switzerland. We discussed the summit’s substance and the steps that can be taken to restore true security to Ukraine, Europe, and the global community of nations. We also looked at specific opportunities for economic and technological cooperation between Ukraine and Saudi Arabia.
- 10 of 57879 results<< 1 … 143 144 145 … 5,788 >>