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

  • UAE, Saudi Arabia to form new ‘Joint Cooperation Committee’
     

    The United Arab Emirates on Tuesday announced it has formed “a new economic and partnership group” that is a “joint cooperation committee” with Saudi Arabia, separate from the Gulf Cooperation Council, in a move that further emphasizes Saudi-UAE alignment amid a diplomatic crisis with member state Qatar. The Emirati Foreign Ministry announcement was made just hours ahead of a […]

     
  • Citigroup Saudi Arabia to be ‘Fully Operational’ in 1Q 2018
     

    Citigroup will be “fully operational” in Saudi Arabia in the first quarter of 2018 after an absence of more than a decade, according to reports, as it seeks to capitalize on opportunities in debt and equity capital markets. The new business will be branded as Citigroup Saudi Arabia and will offer a full range of investment banking, debt […]

     
  • Markets Rattled by Saudi Shake-Up, Rising Regional Tensions
     

    Rising tensions between Saudi Arabia and Iran, as well as the kingdom’s crackdown on corruption last week that has seen over 200 jailed and $100b in assets frozen, have rattled markets in the region and kicked off efforts for wealthy Saudis to move money abroad, according to reports. In Lebanon, where tensions are escalating between the two […]

     
  • Al-Jubeir: ‘There Is No Doubt’ Iranian-Built Missile Shot from Yemen ‘Act of Aggression’
     

    Saudi Arabia’s Foreign Minister Adel Al-Jubeir said that Saudi Arabia had the right to defend itself against Iran and would take “appropriate” actions to counter Iranian aggression against the Kingdom, according to an interview the foreign minister gave to CNN. On Saturday, Saudi Arabia said it intercepted a missile shot from Yemen that nearly reached Riyadh’s […]

     
  • Saudi Arabia Takes Significant Step Toward Formal Tender for Peaceful Nuclear Power Plants
     

    Saudi Arabia has sent a request for information (RFI) to international suppliers to build two nuclear power plants, a first step towards a formal tender, three sources told Reuters. Saudi Arabia has announced plans to extract uranium domestically as part of its nuclear power program and will start building its first nuclear reactors next year. Extracting […]

     
  • Crown Prince Mohammed bin Salman Makes Rare Public Speaking Appearance at Conference in Riyadh, Announces New Megacity
     

    Saudi Arabia’s Crown Prince Mohammed bin Salman made a rare public speaking appearance today at the Future Investment Initiative conference, organized by Saudi Arabia’s Public Investment Fund (PIF). The Forum in Riyadh, with attendance by chief executives of BlackRock Inc. and Blackstone Group LP and leaders from Goldman Sachs Group Inc. and J.P. Morgan Chase […]

     
  • Keeping Track of Saudi Arabia’s Public Investment Fund’s Expanding Footprint
     

    Saudi Arabia’s Public Investment Fund (PIF) has created a handful of new companies in several sectors in the Kingdom while investing in many others, injecting capital and a new competitor in the housing, energy, waste and recycling, tourism, transportation sectors and more. As the PIF’s role in the Saudi economy increases, critics say the mega-fund will crowd out private […]

     
  • Goldman Sachs Head Lloyd Blankfein Visits Saudi Arabia, Calls Changes in Kingdom ‘Striking’
     

    Goldman Sachs Group’s CEO visited Saudi Arabia this week and praised the Kingdom’s reform efforts on Twitter, calling the progress in Saudi Arabia “striking.” Lloyd Blankfein visited Saudi Arabia after speaking on a panel with the managing director of Saudi Arabia’s sovereign wealth fund, Yassir Al-Rummayan, on September 20th. In comments on that panel, Blankfein said Saudi […]

     
  • With Historic Decree on Saudi Women Driving, An Economic and Social Game-Changer
     

    Saudi women and champions of equal rights around the world embraced a decision by Saudi Arabia’s King Salman to allow women to drive for the first time, a landmark royal decree that will change the Kingdom’s economy and society in countless ways. Saudi Women will now be able to legally apply for their own driving licenses without having to secure […]

     
  • ‘NTP 2.0’ Keeps Key Policies and Privatization Plans in Place, Report Says
     

    Revision to Saudi Arabia’s National Transformation Plan (NTP), dubbed ‘NTP 2.0’ that was released a year ago will keep key policies of fiscal reforms and a massive privatization program in place, sources familiar with the matter told Reuters. “It is looking increasingly unlikely that some of the targets can be hit by their 2020 deadline, however, partly […]

     

MUST-READS

  • How will Pakistan form a coalition government after split election results?

    Pakistan's elections last week returned a hung parliament, with no party getting enough seats in the National Assembly to form a government by itself. Negotiations for a coalition government are taking place between former Prime Minister Nawaz Sharif's party, with 75 seats, and the party of Bilawal Bhutto Zardari, with 54 seats, as well as other smaller parties. Independent candidates backed by jailed former Prime Minister Imran Khan won the most seats - 93 - and they are also jostling for allies to form government. Candidates were vying for 264 seats out of the assembly's 336 total. There are also 70 reserved seats.

  • Israel frees two hostages, Gaza officials say airstrikes kill 67

    Israel freed two Israeli-Argentinian hostages in Rafah on Monday under the cover of airstrikes which local health officials said killed 67 Palestinians and wounded dozens in the southern Gaza city that is the last refuge of about a million displaced civilians. A joint operation by the Israeli military, the domestic Shin Bet security service and the Special Police Unit in Rafah freed Fernando Simon Marman, 60, and Louis Hare, 70, the military said. They were among 250 people seized during the Oct. 7 raid by Hamas militants that triggered Israel's war on Gaza.

  • Saudi Arabia’s real estate index up 0.2% in Q4 2023

    The Saudi real estate price index advanced 0.2% in the fourth quarter of 2023 to 82.8 points from 82.6 points a year earlier, data issued by the General Authority for Statistics (GASTAT) showed. The base year for the index is 2014 (100 base points).

  • Saudi minister says energy transition behind Aramco capacity halt

    Saudi Arabia decided to halt its oil capacity expansion plans because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare capacity to cushion the oil market. The Saudi government on Jan. 30 ordered state oil company Aramco (2222.SE), opens new tab to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels per day (bpd), 1 million bpd below a target announced in 2020, which was set to be reached in 2027.

  • Saudi Arabia’s first college of arts launched in Riyadh

    In a strategic partnership with King Saud University in Riyadh, the Ministry of Culture has inaugurated the university's College of Arts, marking the first Saudi institution dedicated to arts education in the Kingdom. The launch ceremony, held at the university's theater on Sunday, was attended by Deputy Minister of Culture Hamed Fayez, University President Dr. Badran Al-Omar, and various cultural and arts enthusiasts from across the Kingdom.

  • Saudi Arabia accelerates digital economy growth through Nvidia partnership

    The Kingdom’s Minister of Communications and Information Technology Abdullah Al-Swaha's meeting with Nvidia CEO Jensen Huang aims to support and strengthen the region’s digital economy, particularly in Saudi Arabia, recognized as the largest market for technical innovation in the Middle East and North Africa.

  • Saudi Sports for All Federation Welcomes More Than 20,000 Participants for 2024 Riyadh Marathon

    More than 20,000 participants from 125 countries, including a record 60% Saudi nationals, took part in the third edition of the Riyadh Marathon on February 10 – an increase of more than 33%, with 15,000 runners in 2023.

  • Swiss national wins $1 million in Riyadh Season Treasure Hunt

    Swiss contestant Stephanie Weil claimed a $1 million prize, equivalent to SR3.75 million, in the final competition of the Riyadh Season Treasure Hunt, held at Boulevard City. The contest saw thousands of participants from around the globe competing since its inception, with ten finalists selected to partake in the ultimate showdown.

  • Saudi crackdown nets 18,901 illegals in a week during raids on residency and labour law violators

    Saudi Arabia arrested 18,901 individuals during raids across the kingdom in the first week of February. The Ministry of Interior said the arrests included 11,419 violators of the Residency Law, 4,533 violators of the Border Security Law and 2,949 violators of the Labour Law, as part of the joint field security campaigns executed by security forces and relevant government agencies from February 1 to 7.

  • Registration for Hajj opens for domestic pilgrims

    The Saudi Ministry of Hajj and Umrah has announced the beginning of registration and the fee structure of four packages for the domestic pilgrims for the Hajj of 2024. There will be four packages with charges ranging between SR4,099 and SR13,265.