Recent stories from sustg

• The ‘Monumental’ Opening of the Saudi Stock Market in 2015 to Wider Foreign Investment
  • January 7,2015

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  • SUSTG Team
   

  As Saudi Arabia prepares to open its stock market to wider foreign investment possible as soon as April 2015, there is tremendous enthusiasm on the part of foreign investors as wells as anticipation within the Kingdom.  In a recent FocusKSA discussion with Dr. John Sfakianakis, SUSTG’s President Richard Wilson asked about the importance of the […]

   
• Ras Tanura Clean Fuels Project in Saudi Arabia Suspended Due to Low Oil Price
  • January 2,2015

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  • SUSTG Team
   

  Saudi Arabia’s $2 billion Ras Tanura clean fuels project has been suspended by Saudi Aramco following a steep drop in oil’s price since July 2014, Reem Shamseddine of Reuters reports.  The Ras Tanura clean fuels project was due to be a part of a second phase of upgrades to Aramco’s refineries, but may resume in a […]

   
• For Saudi Arabia’s Budget, Oil’s True Breakeven Price Disputed by Analysts
  • December 31,2014

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  • Lucien Zeigler
   

  One of the most important figures that factors into Saudi Arabia’s budget each year isn’t actually published by the government. What the Kingdom annually assumes will be the average price of oil is crucial for government and fiscal planning. With the Kingdom’s economic diversification goals still yet to be realized, oil revenues are (almost) everything […]

   
• In Wide-Ranging Interview with Local Paper, Alwaleed bin Talal Discusses Path to Success
  • December 30,2014

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  • SUSTG Team
   

  Saudi Arabia’s Prince Alwaleed bin Talal gave his first interview with a local Saudi paper in eight years, according to the Saudi Gazette, and the billionaire discussed his path to business successes, how he spends his time, and national/regional issues of concern. The in-depth interview was revealing of the Prince’s day-to-day business and personal activities. When […]

   
• Saudi Arabia’s 2015 Fiscal Budget Expands Spending, Projects $39b Deficit to be Covered by Reserves – Jadwa Investment
  • December 29,2014

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  • SUSTG Team
   

  Saudi Arabia’s 2015 fiscal spending plans amount to “another expansionary budget with spending maintained at a very high level which will play a vital role in supporting the economy,” according to Riyadh-based Jadwa Investment. The firm notes that for the first time since 2011, a fiscal deficit is projected, based on revenues of SR715 billion and expenditures […]

   
• IT Spending in Saudi Arabia to Grow $2.7 billion by 2017, Study Finds
  • December 24,2014

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  • SUSTG Team
   

  A recently released study by Oxford Economics and SAP finds that employers in Saudi Arabia “will need to tailor their approach to talent management for catering to the fast-changing technology landscape,” the Saudi Gazette reports.  The report also finds that “IT spending in the Kingdom is increasing at the fastest rate of any country in the Middle East […]

   
• Ahead of Budget Announcement, Inflation in Saudi Arabia Hits 7-Year Low
  • December 23,2014

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  • SUSTG Team
   

  Ahead of Saudi Arabia’s budget announcement, which is expected for the end of the week after a special meeting, inflation in Saudi Arabia is approaching its lowest levels since April 2007, Asharq Alawsat reports.  The 7-year low is expected to be official when Saudi Arabia’s Central Department of Statistics and Information releases official data before […]

   
• Saudi Arabia Hails ‘Thaw’ Between Egypt and Qatar as Sisi Meets Top Qatari Envoy in Cairo
  • December 22,2014

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  • SUSTG Team
   

  Egypt’s President Abdel Fattah Al-Sisi met with a top Qatari envoy, Sheikh Mohammad bin Abdel Rahman al-Thani, in Cairo Saturday in what has been reported to be a significant rapprochement between the two countries.  Also in attendance was Khalid al-Tuwaijri, head of the Saudi Royal Court and the powerful private secretary to Saudi Arabia’s King Abdullah. […]

   
• 2015 SACM Graduation Ceremony and Career Fair Dates Announced, Venue Confirmed
  • December 19,2014

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  • SUSTG Team
   

  The 2015 Saudi Arabian Cultural Mission’s (SACM) Graduation Ceremony and Career Fair dates are set for Friday, May 22, 2015, to Monday, May 25, 2015 at the Gaylord Hotel National Harbor just outside of Washington, D.C. The 7th annual SACM event has two main components, a career fair connecting graduating students with job opportunities from […]

   
• Saudi Arabia’s Sheikh Ahmad al-Ghamdi Brings Unveiled Wife onto TV to Reiterate Women are Not Required to Wear the Niqab, Sparking Debate, Mufti Response
  • December 16,2014

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  • SUSTG Team
   

  Saudi religious figure Sheikh Ahmad al-Ghamidi has stoked debate in Saudi society and piqued interest in foreign observers of the Kingdom and advocates of women’s rights, by appearing on Saudi television with his wife to reiterate the acceptability of unveiled women in the eyes of Islam, according to media reports.  Al-Ghamidi appeared on “Badria,” a talk show […]

   
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