SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Revolutionizing GCC Logistics: Impact of the Proposed Kuwait-Saudi Railway

    The Kuwait-Saudi Railway, a groundbreaking infrastructure project set to stretch 650 kilometers and connect Kuwait City with Riyadh by 2028, could revolutionize logistics in the Gulf Cooperation Council (GCC) region. This rail link promises to bring about significant improvements in efficiency, cost-effectiveness, and environmental sustainability, marking a transformative moment for the region’s logistics landscape.

  • Distressed companies on rise in Saudi Arabia and UAE, study says

    The number of distressed companies in the UAE and Saudi Arabia has increased by almost 9 percent in the past year, with the sectors most at risk including chemicals, commodities and specialised retail. Concerns also surround the consumer-facing food and beverage industry in both countries, according to a report from consultancy Alvarez & Marsal. A&M defines distressed companies as those that have “significant” deficits in terms of both their financial and earnings situation.

  • Saudi Cabinet approves fundraising law

    Minister of State, Member of the Cabinet and Acting Minister of Media Dr. Essam bin Saad bin Saeed said in a statement to the Saudi Press Agency that the Cabinet discussed cooperation and joint work with various countries and organizations, carried out to enhance the Kingdom's position, and its regional and international role, as well as to serve common interests, and support stability and prosperity in the region and beyond.

  • Saudi Arabia announces key Labor Law amendments to improve work environment

    The Ministry of Human Resources and Social Development stated that the new amendments encompass 38 articles, deleting seven articles, and adding two new articles to the Labor Law. These amendments are in line with the Saudi employment market strategy as well as international agreements ratified by the Kingdom. The ministry said that the new amendments will be effective after 180 days from the date of their publication in the official Gazette.

  • British police brace for anti-Muslim riots and counter protests

    British police braced for further anti-Muslim riots on Wednesday as far-right groups planned to target asylum centres and immigration law firms across the country, prompting anti-fascist protesters to organise counter demonstrations. Britain has been gripped by an escalating wave of violence that erupted early last week when three young girls were killed in a knife attack in northwest England, triggering a wave of false messaging online that wrongly identified the suspected killer as an Islamist migrant.

  • Aramco to become majority shareholder in Petro Rabigh, an integrated refining and petrochemical complex in Saudi Arabia

    Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a definitive agreement to acquire an additional stake of approximately 22.5% in Rabigh Refining and Petrochemical Co. (“Petro Rabigh”), the refining and petrochemical complex located on the Kingdom of Saudi Arabia’s west coast, from Sumitomo Chemical for $702 million.

  • Saudi Aramco’s Production Policy Is Weighing on Its Stock Price

    The report noted, however, that Aramco is a very different company from either Exxon or Shell because it is still majority-owned by the Saudi state, which can direct corporate strategy and is indeed doing just that. It’s worth noting that from a certain perspective, Aramco’s production cuts helped keep prices above a certain level, helping Exxon, Shell, and the rest of Big Oil keep posting higher results.

  • Saudi Aramco Q2 profit drops 3.4 percent on lower volumes, refining margins

    Oil giant Saudi Aramco on Tuesday reported a 3.4 percent fall in second-quarter profit on lower crude volumes and softer refining margins. Aramco posted second-quarter net income of 109.01 billion riyals ($29.03 billion) in the three months to June 30, beating a company-provided median estimate from 15 analysts of $27.7 billion.

  • Houthis step up pressure on foreign organizations in Yemen

    Amid continued British-US airstrikes in Yemen, the Ansarullah movement—better known as the Houthis—has significantly intensified its intimidation tactics in the country. Since May 31, the group has arbitrarily arrested UN staff as well as employees of international and national organizations operating in Sana’a. Moreover, in June, the Houthis declared that they had detained an “American-Israeli” spy cell “directly linked to the CIA”—accusing those arrested of engaging in “espionage and sabotage in both official and unofficial institutions.” They subsequently broadcasted what appeared to be forced confessions from ten former employees of the US embassy, which closed its operations in 2015.

  • Saudi Arabia announces major labour law changes; maternity leave extended, new notice rules, more paid leave

    Wide ranging changes include the extension of maternity leave, paid leave for the death of a sibling and defined notice periods for indefinite contracts. The Ministry of Human Resources and Social Development indicated that the recent amendments to several articles of the labour law, approved by the Cabinet session on Tuesday, August 6, will contribute to creating a more attractive work environment for employees and achieving sustainable development, in line with the goals of Saudi Vision 2030.