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Oil Demand Soars in 2021, Expected to Grow Further as Market Reacts to Reported Saudi-UAE Agreement
- July 16,2021
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- SUSTG Team
Global demand for oil is soaring in 2021 as the world rebounds from the pandemic year, according to OPEC data and shared by Riyadh-based Jadwa Investment in an oil market update.
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Report: Algosaibi Family Conglomerate AHAB Near Debt Settlement after Nearly 12 Years
- July 8,2021
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- SUSTG Team
One of Saudi Arabia’s largest and longest debt sagas, ongoing for nearly 12 years, is set to finally reach a resolution. Saudi Arabia’s Algosaibi family’s conglomerate AHAB and its creditors have submitted a debt restructuring proposal to the Dammam commercial court this week after approval from a creditor committee, Reuters reports.
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Saudi Reaches Key 70% Vaccination Milestone, but New Cases Reach 10-Month High
- June 24,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Health (MoH) on Wednesday said it has administered more than 16.8 million vaccine doses covering 70 percent of the total adult population in Saudi Arabia, a key milestone as the Kingdom progresses toward a full recovery from the pandemic, according to the Saudi Gazette.
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For Second Straight Year, Saudi Arabia Puts Safety First with Plans for Scaled Back Hajj in 2021
- June 14,2021
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- SUSTG Team
Saudi Arabia announced over the weekend that this year’s Hajj pilgrimage will be limited to no more than 60,000 people, all of them from within the kingdom, as authorities seek to build on progress combatting the ongoing coronavirus pandemic.
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Saudis Surge Investments into U.S. Stock Market in Q1 2021 as Overseas Inflows Reach Record Highs
- May 20,2021
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- SUSTG Team
The total amount invested by Saudi traders in the U.S. stock market through companies licensed by the Capital Market Authority (CMA) surged 162 percent, year-on-year, to SR77.4 billion ($20.64 billion) in the first quarter, Zawya reports, citing data compiled by financial website Argaam.
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Eid Al-Fitr to Start Thursday, Saudi Scholar Says; Saudis to Look for Crescent Moon
- May 10,2021
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- SUSTG Team
A Saudi scholar and advisor to the Royal Court predicts that Ramadan will end on Wednesday May 12th and the Eid Al-Fitr will begin on Thursday May 13th, according to a report in Gulf News. The precise ending of the 30 days-long Ramadan for the world’s 1.8 billion Muslims will depend on the sighting of the youngest […]
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Saudi Arabia’s Stock Market Revamps Corporate Structure Ahead of Highly-Anticipated IPO
- April 7,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, has announced a revamped corporate structure as it prepares for a much anticipated IPO, converting to a holding company called the Saudi Tadawul Group, according to reports. The change was announced by the Tadawul Group CEO Khalid al-Hussan said on Wednesday.
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‘Red Sea Rainforests’: Astronaut Captures Striking View of Saudi Arabia’s Northwest Coastline from Space Station
- March 30,2021
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- SUSTG Team
An astronaut captured a striking view of the northwest coastline of Saudi Arabia, showing the extent of a coral reef where Saudi Arabia hopes to boost sustainable tourism and where up to 260 reef species thrive, according to a post the NASA Earth Observatory blog.
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Saudi Arabia’s Stock Market Amends Rules, Allows All Qualified Investors to Sell Short
- March 26,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, Tadawul, has widened access to short-selling and stock-lending, while tightening some other rules as of March 25, according to a report in Arab News.
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New Paper Highlights Deep U.S.-Saudi Economic Relationship Beyond Defense and Energy
- March 16,2021
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- SUSTG Team
A new paper from authors David Kenner and Kameal Al-Ahmad of the King Faisal Center for Research provides a fresh overview of the US-Saudi economic relationship beyond the headline-dominating oil and arms sales.
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MUST-READS
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Women in Saudi2018: The year of Saudi Women
Undoubtedly, 2018 has been a landmark year for Saudi Arabia — but even more so for women in the Kingdom, who have had a momentous 12 months enjoying newly acquired freedoms and being at the forefront of change under reforms led by Crown Prince Mohammed bin Salman.
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FashionSaudi Arabian women make UK list of top fashion innovators
Two Saudi women have landed in a prominent top 100 list at the prestigious British Fashion Council.
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WomenNew options spur Saudi women to join workforce
The past two years have brought huge changes. People are no longer shocked to see women working in retails shops. Indeed, it is now commonplace to see Saudi women working as cashiers in shopping malls and taking up jobs that used to be male-dominated areas, such as jewelry shops, electronics stores and in cafes, where their work as waitresses has helped to challenge the negative perceptions of this profession.
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WomenWhat Saudi Arabia is doing to end violence against women
Saudi Arabia joins the world in marking the International Day for the Elimination of Violence against Women on Nov. 25, and it has taken steady steps toward protecting them under the law.
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Saudi E-PrixWomen drivers to take the wheel at Saudi E-Prix
An unprecedented number of women are to compete against male counterparts in Formula E’s hotly contested ‘Rookie Test’ for up and coming drivers being staged in Saudi Arabia the day after the inaugural Saudia Ad Diriyah E-Prix.
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Women in SaudiSaudi women exercise their new right to jog
A group of women in the Saudi city of Jeddah marked International Women's Day on Thursday by exercising one of their newly acquired freedoms: the right to go for a jog.
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FitnessArcapita invests in Saudi-based women’s fitness chain
NuYu plans to deploy $67m to launch over 20 new boutique gyms, creating hundreds of new jobs
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TadawulVideo: Tadawul Chairwoman on Social Changes in Saudi Society, Women’s Empowerment
Saudi Arabia's Stock Exchange Chairwoman Sarah Al-Suhaimi says Saudi women now hold more jobs in business and finance compared to the past. She discusses the recent economic and social changes in the country with Bloomberg's Erik Schatkzer at the Bloomberg Invest summit in London. (Source: Bloomberg)
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SportsSaudi football chiefs appoint first women board members
Saudi Arabia's Football Federation (SAFF) appointed women to the board for the first time in the Kingdom's history on Wednesday, and also named a new president.
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Saudi Women Drivers100 days at the wheel … Saudi women drivers feel exhilarated
Nearly 100 days after women began to drive in Saudi Arabia, Arab News asked new motorists in major cities of the Kingdom for their experiences since the historic lifting of the ban.
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