SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Oil prices fall as weak demand overshadows Libya blockade

    Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel by 0156 GMT. U.S. West Texas Intermediate crude , which did not have a Monday settlement because of the U.S. Labour Day holiday, was 28 cents up from its Friday close of $73.55.

  • When does the Saudi Pro League transfer window end and can Premier League clubs still sell to the Middle East?

    The window is set to slam shut on Monday, September 2, which is five days fewer than the 2023 summer window, which closed on September 7. Couple this with the fact the Premier League transfer window closed earlier on Friday, August 30, and you have an interesting situation.

  • Saudi merchandise imports down 5% to SAR 57.7B in June

    Saudi Arabia’s merchandise imports decreased 5% year-on-year (YoY) to almost SAR 57.7 billion in June 2024, according to data issued by the General Authority for Statistics (GASTAT).

  • Saudi soccer league remains as ambitious as ever despite quiet transfer window, CEO says

    Despite a relatively quiet transfer window in Saudi Arabia, the arrival of Ivan Toney and Joao Cancelo shows that the ambitions of the cash-rich Saudi Pro League remain as high as ever, according to league chief executive Omar Mugharbel. August ended with Al-Ahli of Jeddah paying London club Brentford a reported 40 million euros ($44 million) for Toney on Friday, three days after Premier League champion Manchester City sold Cancelo to Riyadh’s Al-Hilal.

  • Which transfer windows are still open after the Premier League deadline?

    Saudi Arabia emerged as an option for any Premier League club looking to shift players last summer. While clubs from the Gulf nation have been less active in the window this summer, there is still the potential for players from across Europe to move there, such as Moussa Diaby, who left Aston Villa to join Karim Benzema at Al Ittihad in the Saudi Pro League.

  • Saudi merchandise imports down 5% to SAR 57.7B in June

    Saudi Arabia’s merchandise imports decreased 5% year-on-year (YoY) to almost SAR 57.7 billion in June 2024, according to data issued by the General Authority for Statistics (GASTAT).

  • Sharp slowdown in companies opening Saudi HQs

    Scott Cairns, managing director of Creation Business Consultants in Dubai said: “We observed a rush toward the end of last year and the beginning of this year, as many companies were eager to establish their regional headquarters.” Initial demand dropped by around half in the second quarter, although interest has since increased, “indicating that some took their time and are now ready to establish their operations,” he added.

  • Non-institutional foreign ownership ex-Aramco down to 9.31% last week

    Non-institutional foreign investors’ ownership in Tadawul-listed equities, excluding Saudi Aramco, declined in the week ended Aug. 1 to 9.31% of the total market value, or SAR 319.9 billion, from 9.33% in the previous week, market data showed.

  • Road accident deaths down 54% in Saudi Arabia

    The Health Sector Transformation Program has reported a 54% decrease in the traffic accident death rate in 2023, with the rate falling to 13.6 deaths per 100,000 people, compared to 28.41 deaths per 100,000 people in 2016. The Program's report also indicated a reduction in road accident injuries, reaching 70.87 per 100,000 people, down from 74 injuries per 100,000 people in 2016. Roads that meet traffic safety standards accounted for 77%, while vehicles complying with updated periodic inspection requirements and standards accounted for 46%.

  • Israel shoots down missile fired from Yemen after striking Houthis

    Israel said it shot down a missile launched from Yemen on Sunday and the Yemeni Houthi movement said it had fired several missiles at the Israeli city of Eilat after Israel's first public strike against the Iran-aligned group a day earlier. The Houthis have launched missiles and drones at Israel and disrupted global trade through the Red Sea in response to Israel's assault on Gaza, further destabilising the Middle East as war in the Palestinian enclave rages on after nine months.