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Total US-Saudi Bilateral Trade Reaches Record-High $39 Billion in H1 2012
- September 17,2012
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- SUSTG Team
Total bi-lateral trade between Saudi Arabia and the United States reached $39 billion in the first six months of 2012, a record high for any half to date. Below are some key US-Saudi trade figures for the first half (H1) of 2012 provided to SUSTG by the Saudi Commercial Office at the Royal Embassy of […]
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Will Saudi Arabia become an oil importer by 2030?
- September 10,2012
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- SUSTG Team
THIS was the question asked all of this past week all over the world. Thousands of stories were filed on the topic, following speculation by a Citigroup analyst that Saudi Arabia may start importing oil by 2030. According to that theory, by 2030, Saudi consumption of oil would outstrip production and we could be importing […]
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Saudi Mortgage Law: Key Details Still to be Determined
- September 7,2012
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- Hussein Abusaaq
Saudi Arabia faces housing challenges caused by rapid population growth and an inflow of expatriate workers to the kingdom.
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Property rents soar in Saudi Arabia, analyst report shows
- September 6,2012
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- SUSTG Team
Residential property rents in Saudi Arabia’s main cities have increased by up to 15% in some locations in the first six months of the year. The latest analysis report from real estate consultants CBRE explains that an increasing population and a rapid rise in per capita GDP has led to soaring rents. There has been […]
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Jadwa September 2012 Saudi Chartbook – Inflation
- September 6,2012
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- Lucien Zeigler
Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]
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Jadwa September 2012 Chartbook – Construction Indicators
- September 4,2012
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- Lucien Zeigler
Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]
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Mitt Romney on Foreign and Middle East Policy
- September 4,2012
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- SUSTG Team
This [US election] year is different. There is relatively little attention to issues outside America’s borders – only four percent of Americans “consider foreign affairs much of an issue in this year’s campaign” according to Foreign Policy.com. The sluggish economy – taxes, unemployment, deficits, thorny domestic issues and “personality” questions dominate the campaigns. With the […]
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Jadwa September 2012 Saudi Chartbook – Real Economy
- September 2,2012
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- Lucien Zeigler
Jadwa Investment’s recently released Saudi Charbook for the month of September 2012 found that the Saudi economic activity in July experienced a “modest slowdown of economic activity…with indicators of consumer spending and PMI slowing on the back of a seasonal trend.” However, Jadwa notes that the “healthy underlying economic momentum remains in place.” Below is a snapshot of […]
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Saudi Arabia breaks onto contemporary art scene
- August 24,2012
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- Lucien Zeigler
Saudi Arabia is making its mark on the global contemporary art scene: works by Middle Eastern artists such as Talal Al Zeid and Mohammed Farea are available at Lam Art Gallery in Riyadh, the Empty Quarter photography gallery in Dubai was founded by the Saudi photographer Princess Reem Al-Faisal, while Message/Messenger, a 2010 installation incorporating […]
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For GCC, a Challenge Within Reach: The Gulf Rail Network
- August 22,2012
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- SUSTG Team
Railways have never been the preferred mode of transportation in the Gulf, neither for passengers nor for goods, for geographic reasons and, mostly, due to the affordable prices of fuel for road transportation. But in the next few years, and in order to boost trade, Gulf countries are expected to spend more than $100 billion on rail […]
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SyriaUS helps Syrian partners regroup for ISIS ‘last stand’
The U.S.-led coalition against the Islamic State group says it is helping local Syrian partners regroup after a major setback over the weekend as the militants fight for their last pocket in Syria, near the Iraqi border.
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WWE in KSAJohn Cena won’t take part in WWE’s Crown Jewel in Saudi Arabia
Crown Jewel, which is set to take place at Riyadh's King Saud University Stadium, is also scheduled to feature several of the company's other high-profile legends.
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Trump AdministrationAn Unmanned State Department Can’t Solve Crises
There are so many better ways the U.S. could have handled the slaying of Jamal Khashoggi. Within hours of his disappearance, for instance, the American ambassadors to Turkey and Saudi Arabia — seasoned professionals backed by the full authority of the president — could have tapped their contacts for information and pressed both governments for answers.
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SABICSaudi Petrochemicals Giant’s Quarterly Profit Meets Estimates
Saudi Basic Industries Corp., the Middle East’s biggest petrochemicals producer, posted a 5.4 percent increase in third-quarter profit on higher prices and sales, meeting analysts’ estimates.
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PetrochemicalsSaudi Petrochemicals Giant’s Quarterly Profit Meets Estimates
Saudi Basic Industries Corp., the Middle East’s biggest petrochemicals producer, posted a 5.4 percent increase in third-quarter profit on higher prices and sales, meeting analysts’ estimates.
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FIISaudis trumpet $56 billion deals as conference ends amid partial boycott
Saudi Arabia said it signed $56 billion of deals at an investment conference this week and expected the United States to remain a key business partner despite a partial boycott of the event over the killing of Saudi journalist Jamal Khashoggi.
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IraqIraq approves partial list of cabinet ministers amid government struggles
Iraqi lawmakers approved a partial list of Prime Minister-designate Adel Abdul Mahdi's proposed cabinet on Wednesday, amid ongoing tensions and hurdles to set up a functioning government.
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StartupsRetail giant leads $30m fundraising for Saudi online grocery startup
Majid Al-Futtaim (MAF), an operator of malls, cinemas and leisure attractions across the Middle East, has re-enforced its commitment to Saudi Arabia by leading a $30 million fundraising to grow the online grocery delivery business of Wadi Group across the Kingdom.
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U.S.-Saudi RelationsU.S to stay key part of Saudi economy despite forum boycott – energy minister
The United States will remain “a key part” of the Saudi economy despite a boycott of the Future Investment Initiative conference, Saudi Energy Minister Khalid al Falih told Elekhbariya state-TV on Thursday.
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SRMGEditor of UK-based Independent flies out for meeting with Saudi partner SRMG
Christian Broughton’s trip comes as a number of media organisations boycott a major Riyadh investment conference. It was said to be a long-planned meeting with the representatives of the newspaper’s new partner, the Saudi Research and Marketing Group (SRMG) – a publishing business with close ties to the Saudi royal family.
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