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

  • Royal Decree Removes Saudi Civil Aviation Authority President
     

    The chairman of Saudi Arabia’s General Authority of Civil Aviation (GACA), Abdul Hakim bin Mohammed Bin Sulaiman Al-Tamimi, has been removed from his post by a royal decree issued on Monday, the Saudi Press Agency and other regional outlets reported. No announcement was made on who would replace him, nor was there a reason given for the […]

     
  • Saudi Arabia Explores Interconnected Gas Grid for Region
     

    Saudi Arabia may pursue an interconnected natural gas grid in the region that would link together the Kingdom with Oman, Kuwait, and the United Arab Emirates, according to reports. “I am talking to my colleagues in Oman, Kuwait, UAE, about extending a gas grid in the region and we hope to exchange gas and we also have […]

     
  • Salaries in Saudi to Increase 5-6% in 2019, Women Participation to Rise 15%, Study Says
     

    Salaries for mid-level to senior professionals in Saudi Arabia will rise between 5-6% on average in 2019 and women will see a 15% rise in workforce participation in 2019, a recent study by GCC-based recruitment consultancy Cooper Fitch said. The study, the Cooper Fitch Salary Guide for the Kingdom of Saudi Arabia in 2019, provides salary expectation […]

     
  • Saudi GDP Grew in 3Q, but Non-Oil Growth Slows
     

    Saudi Arabia’s economy grew in the third quarter of 2018 at its fastest rate since early 2016, according to reports, but non-oil growth slowed to 2.1 percent from 2.4 percent. The economic expansion came on the back of the oil sector, Reuters reports, with gross domestic product growth up 2.5 percent from a year earlier. But the slowing […]

     
  • Saudi Arabia Plans to Increase State Spending by More than 7 Percent in 2019
     

    Saudi Arabia plans to ramp up state spending by more than 7 percent in 2019, according to a budget released by the Finance Ministry on Tuesday. Spending is projected to rise to $295 billion next year, Arab News reports, an increase of $25 billion over 2018’s figure of $270 billion. The move is seen as an effort […]

     
  • Saudi Private Sector Growth hits 11 Month High as Economy Adjusts to Reforms
     

    Saudi Arabia’s non-oil private sector grew at its fastest rate for 11 months in November, Reuters reports, citing a monthly survey of companies. The positive private sector growth figure is “a sign that the economy may finally be recovering from austerity measures” imposed at the start of 2018 as part of the Kingdom’s economic reform plans, which […]

     
  • Senate Set to Vote On Measure to End U.S. Support Saudi Arabia in Yemen as Pompeo Pens Op-Ed Touting ‘Vital Partnership’
     

    The U.S. Senate is expected to vote on legislation as early as Wednesday that would end U.S. involvement in the Saudi Arabia-backed war in Yemen, as the Trump Administration continues to publicly express support for the U.S.-Saudi relationship. Politico reports that the bill introduced by Sens. Mike Lee (R-Utah) and Bernie Sanders (I-Vt.) “has gained support since […]

     
  • Trump Taps Gen. John Abizaid as U.S. Ambassador to Saudi Arabia
     

    President Trump has selected Retired Four-Star General John Abizaid to be the next U.S. Ambassador to Saudi Arabia. An experienced military leader who retired from the U.S. Army in 2007 after 34 years of service, Gen. Abizaid was head of the U.S. Central Command (CENTCOM). At the time of his retirement, Abizaid was the longest serving commander […]

     
  • Top Think Tank in Saudi Arabia Studying ‘Hypothetical World Without OPEC’
     

    Saudi Arabia’s King Abdullah Petroleum Studies and Research Center in Riyadh is studying what happens to oil markets in a hypothetical world without OPEC, according to the Wall Street Journal and other reports. The study does not represent government thinking or any active discussions about OPEC within the Saudi government. “We’re looking at what happens if […]

     
  • Severe Weather, Rains Across Saudi Arabia Kill 14
     

    Damaging rains and floods have killed 14 people in Saudi Arabia in recent days as officials say the weather across the Kingdom this year has been among the most severe in decades. The heavy rain has affected 13 areas of the Kingdom, the Saudi Press Agency reported. Since Oct. 19, the Command and Guidance Center in […]

     

MUST-READS

  • Twenty reported killed in Gaza as Israel intensifies siege of north

    Israeli strikes across Gaza killed 20 people on Wednesday as Israeli forces intensified a siege of northern parts of the Palestinian enclave, surrounding hospitals and refugee shelters, and ordering residents to head south, medics and residents said. The Gaza health ministry and the World Health Organization said they would be unable to start a polio vaccination campaign in northern Gaza as planned because of the intense bombardments, mass displacements and lack of access.

  • Russia, Iran, China could stoke post-election violence, US intelligence officials say

    Russia, China and Iran are intent on fanning divisive narratives to divide Americans ahead of the Nov. 5 U.S. elections and may consider fomenting violence after voters go to the polls, U.S. intelligence officials said on Tuesday. The officials, briefing reporters on U.S. election security, said foreign actors could consider physical threats and violence, and are highly likely to conduct disinformation operations to create uncertainty and undermine the election process.

  • Identifying key issues in Saudi commercial sector for regulatory review: Report

    Private companies and institutions in Saudi Arabia are actively compiling a list of challenges facing the commercial sector, along with proposed solutions, in preparation for submission to the relevant authorities, Asharq Al-Awsat reported. The newspaper noted that the National Commercial Committee within the Federation of Saudi Chambers urged its member companies and institutions to participate in identifying challenges related to the commercial sector and to propose solutions for review before presenting them to the authorities concerned. These challenges will be submitted to various entities, including the ministries of Commerce, Human Resources and Social Development, Finance, and Municipalities and Housing, as well as the General Directorate of Civil Defense.

  • Saudi Arabia’s 3.7 GW solar tender attracts lowest bid of $0.0129/kWh

    Saudi Power Procurement Co. (SPPC) announced this week the shortlisted bidders for the final phase of the fifth round of the Saudi Arabian government's National Renewable Energy Program (NREP).  For the 2000 MW Al-Sadawi Solar PV IPP Project, the shortlisted bidders are a consortium comprising UAE-based Masdar and Korea Electric Power Corporation (KEPCO), which offered a price of $0.0129/kWh, and a consortium formed by China-based SPIC Huanghe Hydropower Development Co., Ltd. and France-based EDF Renouvelables, which submitted a price of $0.0131/kWh.

  • Saudi Arabia pumps funding into startups as it vies for Mena No 1

    The VC market across the Middle East and North Africa raised $1.3 billion from January to September 2024 – and Saudi Arabia “led the region”, said startup analyst Magnitt. The kingdom secured “39 percent of Mena’s total funding” and activity was driven by $100 million-plus “deals like SallaApp’s $130 million round” in March, according to Magnitt’s Q3 report. The UAE was the region’s “most active market”, Magnitt added, “with a 12 percent increase in deal volume, accounting for 38 percent of all deals”

  • Saudi Arabian economic growth to accelerate in 2025 as oil taps open

    Saudi Arabia, the world's largest exporter of crude oil, is reportedly preparing to abandon its unofficial target of reaching $100 per barrel. This will allow the kingdom to reverse past production cuts and increase market share, which along with non-oil revenue growth, will help drive faster economic growth. The Oct. 9-22 Reuters poll of 21 economists forecast the Saudi economy would expand 4.4% in 2025, the fastest in three years, and up from an expected 1.3% this year.

  • Saudi crown prince, Iraqi prime minister discuss regional crises during phone call

    Saudi Crown Prince Mohammed bin Salman spoke on the phone with Iraq's Prime Minister Mohammed Al-Sudani on Tuesday, Saudi Press Agency reported. During the call, they reviewed relations between the two countries and ways to enhance and develop them in various fields. They also discussed the latest developments in the region and the efforts made to prevent the deterioration of the situation in Palestine and Lebanon, as well as how to spare the region from the risks of escalation.

  • Seven GCC IPOs raise $1.7 billion in Q3 2024, UAE leads growth with $1.1 billion

    Markaz’s report also revealed that the UAE led the GCC region in terms of IPO proceeds in Q3, raising a total of $1.1 billion from one offering. This constituted 69 percent of total GCC IPO proceeds during the quarter. Meanwhile, Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings constituting 31 percent of total GCC IPO proceeds during the quarter.

  • BRICS summit 2024 to begin on Tuesday: All you need to know

    The original BRICS members—Brazil, Russia, India, China, and South Africa—will be joined by the newly admitted members: Egypt, Ethiopia, Iran, and the United Arab Emirates. However, Brazilian President Luiz Inácio Lula da Silva will participate virtually due to a recent injury, adding an interesting dynamic to the proceedings.

  • Saudi Minister of Finance Heads Kingdom’s Delegation to 2024 IMF-WBG Annual Meetings & 4th G20 FMCBG Meeting

    The Saudi Delegation will also include His Excellency the Governor of the Saudi Central Bank (SAMA), Mr. Ayman Alsayari; His Excellency the Saudi Vice Minister of Finance, Mr. Abdulmuhsen Alkhalaf; the Deputy Minister of Finance for International Affairs, Mr. Khalid Bawazier; the Deputy Chair of the International Monetary and Financial Committee (IMFC), Dr. Ryadh Alkhareif; and a number of specialists from the Saudi Ministry of Finance, SAMA, the Saudi Fund for Development (SFD), the Zakat, Tax and Customs Authority (ZATCA), and the National Debt Management Center (NDMC).