SUSTG.com / Research
Discover stories, topics, and more about Saudi Arebia faster.
Recent stories from sustg
-
Surprise Early Gains for Saudi Leaders in Fight Against State Spending as Successful Deficit Cuts Seen Beyond Projections – Reuters
- December 13,2016
•
- SUSTG Team
Saudi Arabia’s 2017 state budget is “likely to show Riyadh has shrunk a huge deficit caused by cheap oil faster than expected, which may let it spend more to bolster a shaky economy” next year, according to a report in Reuters by reporters Marwa Rashad and Andrew Torchia. After a tough year economically for the Kingdom, […]
-
CEDA Cancels $267 Billion in Projects
- November 8,2016
•
- SUSTG Team
Saudi Arabia’s powerful Council of Economic and Development Affairs (CEDA) has cancelled projects valued at up to 1 trillion Saudi riyals ($266.7 billion), the SPA and other news outlets report. “The CEDA has also stopped awarding a big number of projects whose spending does not go in line with the expected economic and development return […]
-
Government Payments to Top Companies Resume, Al-Assaf Says on Saudi TV
- October 20,2016
•
- SUSTG Team
Saudi Arabia has resumed payments of its debts to contractors after long delays that imperiled company finances and hurt investor sentiment, according to Bloomberg, which cited comments made by Saudi Finance Minister Ibrahim Al-Assaf on Saudi television. In the televised interview late on Wednesday, Al-Assaf said payments have been “regularized and will rise in the coming period.” […]
-
Jadwa: Economic Data for July Shows ‘Mixed Picture’ for Saudi Economy
- September 2,2016
•
- SUSTG Team
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
- September 1,2016
•
- SUSTG Team
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 […]
-
Mohammed Bin Salman Departs U.S. for France, Sends Cable Thanking U.S. and Obama for Hospitality
- June 27,2016
•
- SUSTG Team
Saudi Deputy Crown Prince Mohammed bin Salman sent a cable of thanks to US President Barack Obama on Sunday as he concluded his visit to the United States. “I am pleased as I am leaving your friendly country after the end of my official visit to extend to Your Excellency my deep thanks for the […]
-
Report: Donald Trump Set Up Four Businesses Related to a Jeddah, Saudi Arabia Hotel Project While Campaigning for President in August 2015
- May 19,2016
•
- SUSTG Team
Republican frontrunner Donald Trump set up four companies related to a possible hotel project in Jeddah, Saudi Arabia while campaigning for president in August 2015, according to a report by BuzzFeed news, citing the candidate’s latest financial disclosure filings released on Wednesday. According to the report, on August 21, 2015, Trump became president and owner of […]
-
Ahead of ‘Vision 2030’, Saudi Arabia Tested Foreign Lending Appetite
- May 6,2016
•
- Lucien Zeigler
Ahead of Saudi Arabia’s landmark Vision 2030 announcement, the Kingdom tested its credit-worthiness from international lenders by raising $10 billion, despite downgrades by Moody’s and Standard & Poor’s (S&P) earlier this year. Not only was Saudi Arabia able to easily raise the funding, the issuance was oversubscribed – so much so that the Kingdom increased […]
-
Saudi Arabia’s 2016 Budget Features Prudent Fiscal Policy Decisions
- December 29,2015
•
- SUSTG Team
Saudi Arabia’s 2016 budget marks a shift in fiscal policy toward prudent but tough decisions for the future of the Arab world’s largest economy. In a recently released note to investors, Riyadh-based Jadwa Investment said the 2016 budget still provides a high level of government spending to drive the Saudi economy. Budgeted at $226b, the amount is a […]
-
Jadwa October 2015 Chartbook: Investment in Foreign Securities Recorded a Monthly Increase, First Time in 2015
- October 9,2015
•
- SUSTG Team
Investment in foreign securities recorded a monthly increase for the first time in 2015, an indication that pressure continued to be relieved off foreign reserves as the main deficit financing tool, according to a recently released report by Riyadh-based Jadwa Investment. Additionally, net monthly withdrawals from government accounts continued to be small in August compared to […]
- 10 of 44 results<< 1 2 3 4 5 >>
MUST-READS
-
Why are the world’s biggest oil-producing countries selling green bonds?
On the one hand, Saudi Arabia’s government and sovereign wealth fund are preparing to issue green bonds, to drum up investment for renewable energy and other sustainable projects. On the other, Saudi Arabia, the world’s biggest oil producer, plans to boost production of crude oil from 12 million barrels a day to 13 million barrels a day by 2027.
-
SRC looks to issue debut dollar bonds in first quarter of 2022, CEO says
Saudi Real Estate Refinance Company (SRC) will look to issue its first U.S. dollar-denominated Islamic bonds in the first quarter of 2022, market conditions allowing, and also plans to issue sukuk domestically before year-end, its chief executive said on Wednesday. SRC, wholly owned by Saudi sovereign wealth fund the Public Investment Fund (PIF), is the kingdom's equivalent of U.S. mortgage finance business Fannie Mae.
-
Saudi Arabia eyes personal status law with main focus on family and strengthening of bonds
Al-Samaani said that the project focused mainly on stressing a woman’s agreement to marriage, preserving her and her children’s financial and alimony rights, as well as other issues related to divorce requests.
-
UAE raises $4bn through first federal sovereign bonds
The UAE, the Arab world’s second-largest economy, raised $4 billion through the issuance of multi-tranche sovereign bonds with part of the proceeds earmarked for financing infrastructure projects, according to the Ministry of Finance. This is the first time the country has issued bonds at the federal level, as it seeks to raise fresh funding amid a global low-interest rate environment.
-
UAE issues first sovereign bonds
The UAE, the Arab world’s second-largest economy, issued multi-tranche sovereign bonds for the first time as a federation as the country looks to raise fresh funding amid low interest rates globally. The bond package denominated in US dollars includes conventional medium and long-term 10 and 20-year tranches, as well as 40-year dual-listed formosa bonds, the UAE’s Ministry of Finance said in a statement.
-
Saudi Arabia plans to issue green bonds soon to advance ESG plans
Mohammed El-Kuwaiz, the chairman of Saudi Arabia's Capital Markets Authority, speaking at the same conference, said on Monday he expected an increase in green financing instruments in the kingdom, supported by growth in the domestic debt markets and higher participation of foreign investors.
-
Egypt to Sell $3 Billion of Bonds in Rush to Beat Fed Taper
Egypt is offering $3 billion in its second Eurobond issuance of the year Thursday, joining a rush of emerging-market governments taking advantage of low borrowing costs before the U.S. Federal Reserve starts tapering monetary stimulus introduced during the pandemic.
-
Aramco oil pipelines investors to sell at least $4 billion in bonds in fourth quarter – sources
A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco’s oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources familiar with the matter said.
-
Saudi Arabia’s holding of US bonds amounted to $127.3 billion in May
Saudi Arabia’s holding of US Treasury securities amounted to $127.3 billion in May 2021, according to new data from the US government. The amount was down 3 percent compared to April but up 3 percent compared to May 2020. This year-on-year increase is in line with global trends, as countries around the world increased their holdings by 2.25 percent in the year leading up to May 2021.
-
Qatar Petroleum grabs $12.5 billion in emerging market bonds record
Qatar Petroleum (QP), one of the world’s top liquefied natural gas (LNG) suppliers, sold $12.5 billion in a jumbo four-tranche bond deal on Wednesday, a document showed, its first public bond sale and the biggest issuance out of emerging markets this year.
- 10 of 109 results<< 1 … 3 4 5 … 11 >>
