SUSTG.com / Research

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

Recent stories from sustg

  • Security Tight as Millions Perform Hajj in Saudi Arabia; Eid al-Adha Begins Today
     

    Saudi Arabia has invested heavily in added safety and security measures as the Kingdom hosts this year’s estimated 1.85 million Hajj pilgrims.  Photos from the official Saudi Press Agency (SPA) show Saudi civil defense forces and medical personnel on standby ready to ensure a safe and peaceful Hajj. Temperatures throughout the week topped 100°F (28°C), making […]

     
  • Hajj 2016 Begins: Millions Gather in Saudi Arabia
     

    An estimated two million pilgrims have converged in Saudi Arabia for the start of the annual Hajj pilgrimage today, lasting until Wednesday, September 13th. The hajj is one of the five pillars of Islam, which capable Muslims must perform at least once, marking the spiritual peak of their lives. Worshippers from more than 150 countries will embark on […]

     
  • U.S. House to Allow Vote on Controversial JASTA Bill This Week
     

    The U.S.  House of Representatives will vote this week on a bill allowing the families of 9/11 victims to sue Saudi Arabia in U.S. courts, a Republican leadership source told Politico Wednesday. The highly-politicized Justice Against Sponsors of Terrorism Act (JASTA) bill, which President Obama said would receive his veto should it make it to […]

     
  • Report: $20 Billion in Projects may be Canceled; Ministerial Budgets Squeezed as Saudis Adapt to Low Oil Prices
     

    A report in Bloomberg today said that Saudi Arabia is considering canceling more than $20 billion of projects in addition to making deep cuts to ministry budgets as the Kingdom takes austerity measures due to low oil prices. The budget cuts to some ministries could be as much as 25%, the Bloomberg report said.  Overall, the government is […]

     
  • Saudi, Russia Sign Oil Cooperation Agreement
     

    Saudi Arabia and Russia signed an agreement on Monday to cooperate in world oil markets – but the cooperation does not include an immediate cut in production that some other oil producing nations want. The agreement was struck between top Saudi and Russian officials currently at the G20 summit in the Chinese city of Hangzhou. Saudi Energy Minister […]

     
  • Jadwa: Economic Data for July Shows ‘Mixed Picture’ for Saudi Economy
     

    Recently-released Jadwa Investment monthly chartbook data on the Saudi economy for July showed “a mixed picture in economic activity,” the Riyadh-based investment firm said, noting that data on point-of-sale transactions and ATM withdrawals showed a notable slowdown in July, while the non-oil PMI rose to a 2016 high. The Saudi unemployment rate rose slightly to 11.6 […]

     
  • Asian Banks Said to Have ‘Intense Interest’ in First Saudi Foreign Debt Issuance, Reports Say
     

    Saudi Arabia is seeing “intense interest” in its first international bond sale of $15 billion and is considering further issuances given the current appetite, according to a report today in the Financial Times.  The Kingdom’s first international debt sale has generated so much interest from particularly from Asian investors that “the kingdom is weighing a […]

     
  • Deputy Crown Prince Mohammed bin Salman Arrives in China, Meets with Top Chinese Officials to Discuss ‘Vision 2030’
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and a delegation including top ministers and other officials are in China this week for talks aimed at pushing the Kingdom’s Vision 2030 broad economic reforms. The visit to global economic powerhouse China, like the Deputy Crown Prince’s visit to the United States in June, hopes to “showcase […]

     
  • Coca-Cola Becomes Official Sponsor of Saudi Arabian Football Federation
     

    Coca-Cola has become the official sponsor of the Saudi Arabian Football Federation (SAFF).  SAFF is Saudi Arabia’s football governing body and it administers all Saudi club competitions as well as the development of the Saudi national team. The agreement with Coca-Cola includes full support of the Saudi national team as well as the three main […]

     
  • $20 Billion Dow-Saudi Aramco Venture Takes Another Step
     

    Sadara, a joint-venture between Dow Chemical Company and Saudi Aramco has started its mixed feed cracker, the only one of its kind in the Middle East and one of 26 manufacturing units that will be part of the Sadara chemical complex. Located in Jubail Industrial City along the Gulf coast of Saudi Arabia, Sadara was […]

     

MUST-READS

  • Saudi Arabia, Gulf Countries Want Better Returns for Bailing Out Egypt

    The economy of the Arab world’s most populous country is in dire straits after the Covid-19 pandemic hit its tourism sector and the war in Ukraine pushed up global food and commodity prices. Inflation has soared to over 40% and Egypt’s currency is one of the worst performers globally this year, pushing millions more into poverty.

  • Saudi Arabia To Maintain Oil Supply To Asia Despite OPEC+ Cuts

    The world’s top crude oil exporter, Saudi Arabia, will keep supplying at least several refiners in North Asia with full contractual volumes of crude in May, despite the 500,000 bpd Saudi production reduction as part of the latest OPEC+ cuts beginning next month, sources familiar with the plans told Reuters on Monday.

  • Kuwait deports 9,000 expats in three months: India tops list of deportees

    Kuwait has deported over 9,000 expats in the first quarter of 2023, according to reports by local media. The individuals were involved in criminal and misdemeanour cases. From the 9,000 deportees, over 4,000 were female. Indian nationals topped the list of deportees followed by Filipinos, Sri Lankans and Egyptians. According to reports, over 700 men and women have currently been placed in deportation centres and will be deported within 10 days.

  • Middle East air traffic up 75% as Covid bounce back continues

    The Middle East aviation sector continues to record strong growth figures as airlines and travel industry bounce back from the Covid-19 pandemic, says the International Air Transport Association (IATA). Middle Eastern airlines saw a 75 per cent uplift om traffic in February, compared to the same period the year before. At the same time, capacity climbed 40.5 per cent and load factor pushed up 15.8 percentage points to 80 per cent.

  • CIA complained US was blindsided by Saudi outreach to Syria and Iran: Report

    CIA director Bill Burns told Saudi Arabia’s Crown Prince Mohammed Bin Salman that the US feels "blindsided" by Riyadh’s moves to restore ties with Iran and Syria as part of the kingdom's increasingly independent foreign policy streak. Burns travelled to Saudi Arabia at an undisclosed time this week to discuss intelligence cooperation with the Saudi Arabians. During the meeting, he expressed Washington’s frustration at being left out of regional developments, according to the Wall Street Journal.

  • Opinion: Putin’s Energy Offensive Has Failed

    Well, the big story — a story that hasn’t received much play in the news media, because it’s hard to report on things that didn’t happen — is that Europe has weathered the loss of Russian supplies remarkably well. Euro area unemployment hasn’t gone up at all; inflation did surge, but European governments have managed, through a combination of price controls and financial aid, to limit (but not eliminate) the amount of personal hardship created by high gas prices. And Europe has managed to keep functioning despite the cutoff of most Russian gas. Partly this reflects a turn to other sources of gas, including liquefied natural gas shipped from the United States; partly it reflects conservation efforts that have reduced demand. Some of it reflects a temporary return to coal-fired electricity generation; much of it reflects the fact that Europe already gets a large share of its energy from renewables.

  • Princess Noura bint Faisal to chair Forbes Middle East Women’s Summit

    “We are so honored to have Princess Noura bint Faisal Al-Saud as the chairperson for our Women’s Summit. We chose to appoint Princess Noura to this position as she is a young role model working to promote Saudi Arabia’s culture and tourism industry. She works hard to support and empower women in all sectors,” said Khuloud Al-Omian, CEO and Editor-in-Chief of Forbes Middle East.

  • How Boeing’s deal with Riyadh Airways boosts U.S.-Saudi commercial ties

    A discussion on how Saudi Arabia's announcement that it will purchase up to 121 Boeing 787 Dreamliner aircraft, equipped with General Electric’s most advanced GEnex engines, is a big boost for the U.S.-Saudi commercial relationship. The purchase order will anchor the newly-formed Riyadh Air and expand the Saudia Airlines fleet as the Kingdom moves forward with a real push to be a global tourism player and travel hub.

  • Haramain High-Speed Railway benefits travelers, worshipers

    The high-speed train transports thousands of passengers daily to various destinations, especially between the Two Holy Mosques, providing a rapid transport system that enables Umrah performers to reach directly the Grand Mosque or the Prophet’s Mosque in a short time, through regular trips. At the Haramain High-Speed Railway station in Madinah, the Saudi Press Agency (SPA) visited the bustling station and witnessed the field services in place to receive visitors and follow up on the regularity of their trips to Makkah and Jeddah, at fixed schedules.

  • Saudi Arabia to privatize Abha, Taif, Hail and Qassim airports and 4,500 km roads

    Mohannad Basodan, CEO of the National Center for Privatization (NCP), unveiled the plans to privatize the airports of Abha, Taif, Hail and Qassim, as well as about 4,500 kilometers of modern roads in the Kingdom. In an interview with Al-Arabiya, Basodan said that a series of privatization projects has been announced and these include around 200 approved projects, of which about 140 projects have been made available to local and international investors.