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

  • Tourists to KSA spend over $37b in 2023
     

    The Ministry of Tourism released it’s annual tourism statistics report for 2023 this week reflecting significant growth in tourist numbers and spending.

     
  • Saudi Arabia’s Capex Super Cycle – Goldman Sachs
     

    In its informative August 14, 2024 Briefing Insight entitled “Only a quarter of Saudi Arabia’s $1 trillion capex plan will go into oil” Goldman Sachs’ analyst team examines the Kingdom’s projected capital expense spending to 2030.

     
  • Saudi Arabia leads GCC IPO momentum in Q2 2024
     

    In Q2 2024, the GCC witnessed a significant uptick in IPO activity, with 13 listings raising a combined $2.64 billion. This surge in capital was primarily focused on the healthcare, education, and technology sectors.

     
  • Calligraffiti – Saudi Artist Ahmed Al-Sulaimani
     

    Saudi artist Ahmed Al-Sulaimani is making a name for himself blending Arabic calligraphy and graffiti-inspired techniques and was recently featured in an Arab News report.

     
  • Saudi Arabia Updates Investment Law
     

    Building on previously announced reforms under Vision 2030 and the National Investment Strategy, the Cabinet has approved an updated investment law for Saudi Arabia. The updated law brings together several existing freedoms and rights and expressly applies them to investors under one unified framework, providing investors with greater transparency, flexibility and confidence.

     
  • Prince Mohammed bin Salman Royal Reserve
    • August 9,2024
    • •
     

    Covering 24,500 KM2, the Prince Mohammed Bin Salman Royal Reserve is located south of Neom in northwestern Saudi Arabia. It covers 1% of Saudi Arabia’s terrestrial area and 1.8% of its marine area, it is home to over 50% of the Kingdom’s marine and terrestrial species.

     
  • Halo Space Preparing For Saudi Arabian Stratospheric Test Flight
     

    Spanish company HALO Space is developing a new form of space travel called stratospheric ballooning. This involves using a large helium-filled balloon to carry a pressurized capsule carrying passengers up to the stratosphere, which is about 35 kilometers 922 miles) above the Earth’s surface.

     
  • Saudi Arabia announces Labor Law amendments to improve work environment
     

    The Ministry of Human Resources and Social Development said the new amendments encompass 38 articles, deleting seven articles, and adding two new articles to the Labor Law. The new amendments will be effective after 180 days from the date of their publication in the official Gazette.

     
  • Chinese Language Instruction in KSA
    • August 6,2024
    • •
     

    During Saudi Crown Prince Mohammed bin Salman’s State Visit to China in February 2019 Saudi Arabia and China agreed to include the Chinese language as a curriculum at all stages of education in schools and universities across the Kingdom.

     
  • Saudi Solar Power capacity picking up speed
     

    GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023 and 2030, to reach 31.5 GW by 2030 and 63.1 GW by 2035. 

     

MUST-READS

  • Innovative ‘Anghami Lab’ to be launched in Dubai, Riyadh after SPAC

    Anghami, the Middle East and North Africa’s largest music platform, has announced the launch of an innovative entertainment venue — “Anghami Lab” — in the heart of Dubai, to be followed by Saudi Arabia’s vibrant capital Riyadh and other major cities.

  • It’s so hot in Dubai the government is paying scientists to make it rain

    Scientists created rainstorms by launching drones, which then zapped clouds with electricity, the Independent reports. Jolting droplets in the clouds can cause them to clump together, researchers found. The larger raindrops that result then fall to the ground, instead of evaporating midair — which is often the fate of smaller droplets in the UAE, where temperatures are hot and the clouds are high.

  • With A Staggering Depth Of 196 Feet, The World’s Deepest Pool Is Opening In Dubai

    The 14 million liters of water — an amount equivalent to nearly six Olympic-sized swimming pools — contain an abandoned city, an apartment, and an arcade. Non-divers can watch friends and loved ones dive from the facility's built-in restaurant.

  • Dubai Firm Boosts Saudi Healthcare Portfolio With Second Deal

    Dubai’s Foundation Holdings Co. bought a stake in a Saudi Arabia-based primary health chain, marking its second investment in the kingdom’s fast-growing market for medical care, and said it plans to list the firm in the next two years.

  • Dubai-owned DP World to acquire South Africa’s Imperial Logistics in $890m offer

    The deal, provided it wins shareholder and regulator approval, is expected to close in the fourth quarter of this year or early next year. The acquisition will be funded from existing resources. "DP World continues to make positive progress on its capital recycling programmes and remains fully committed to its leverage target of below 4x net debt/EBITDA by the end of 2022,” the operator said in a statement.

  • Big guns from Saudi, Dubai races back in action in weekend horse racing

    The international impact of the big-money, mid-winter races in Dubai and Saudi Arabia is outlined in fireworks and sparklers this weekend as the big players in those events headline top races from Sandown in England to Prairie Meadows in Iowa.

  • Senior Barclays Banker in Dubai Is Said to Leave After a Decade

    Hazem Shish, Barclays Plc’s head of financial institutions banking for the Middle East, Turkey and Africa, is leaving after more than a decade with the British lender, people familiar with the matter said. Shish, who was based in Dubai, is departing to set up his own business venture, the people said, asking not to be identified as the matter is private. The banker plans to stay on until at least the end of the year to help with the transition, one of the people said.

  • Saudi Arabia’s PIF considers buying Dubai design firm Depa, sources say

    Saudi Arabia's Public Investment Fund (PIF) is considering buying Dubai-listed interior design and speciality contractor Depa Plc (DEPA.DI) to fit-out hotels under construction in the kingdom, three sources with knowledge of the matter said. Should a deal be reached, an offer would be made to Depa's biggest shareholders and the firm would be taken private, said one of the sources, declining to be identified as the matter is not public.

  • Dubai Lures Wall Street Jet-Setters as Business Revives

    The jet-setting days of Wall Street bankers and executives flocking to Davos in January might be on pause, but in the financial capital of the Middle East it’s business as usual once more. Dubai is moving full-speed ahead with in-person events on the back of fewer travel restrictions and one of the world’s most-connected airports. The United Arab Emirates also has among the fastest vaccination programs, with 15 million doses administered in a population of 10 million.

  • Mideast Joins Bitcoin Craze With First Dubai Crypto Listing

    The Canadian fund was the first of its type to be listed on a major exchange, in Toronto last year. The intent of the Dubai listing is to get trading at all hours around the globe. Dubai-based Dalma Capital Management Ltd. is the joint lead arranger for the offering.