SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • “Listen to the Artist”: U.S. and Saudi Artists Develop Cultural Ties

    Saudi and U.S. cultural programs provide an opportunity to bridge cultural differences – and showcase artists and performers blending artistic influences from the two countries – while harnessing sources for creativity and innovation.

  • How Saudi Arabia Is Fostering a Supportive Startup Ecosystem

    Despite decreasing entrepreneurial activity in other parts of the world, Saudi Arabia’s support for entrepreneurship and diverse business sectors is fueling an expanding startup ecosystem. Its fastest-growing sectors include tech, fintech, and especially e-commerce, which is predicted to surpass $13 billion in value by 2025, according to a report conducted by Boston Consulting Group and Meta.

  • Saudi Earthquake Response Emphasizes Aid to All Parts of Syria

    Riyadh’s approach to humanitarian assistance and charitable giving, evident in the Syria relief effort, reflects significant organizational changes in line with the kingdom’s broad transformation agenda.

  • Lydia Ko Clinches Third Victory in Four Starts at Aramco Saudi Ladies International

    With a win at the Aramco Saudi Ladies International, Lydia Ko started her 2023 season just as the world No. 1 should. After starting Sunday one shot back, a final-round 68 led the New Zealander to a one-shot triumph over India’s Aditi Ashok. Ko will take home a winner’s check of $750,000 as she ticks off her third win in four starts. Ko wrapped up her competitive stretch in 2022 with wins at the BMW Ladies Championship and the CME Group Tour Championship, where she collected the richest prize in women’s golf history.

  • How China Became Saudi Arabia’s Largest Trading Partner

    Back in 2001, Saudi Arabia’s trade with China was a mere fraction—just one-tenth—of its combined trade with the EU and United States. While the total value of trade was modest at this time, it’s been increasing consistently almost every year since. By the year 2011, China had surpassed the U.S. for the first time in bilateral trade value with Saudi Arabia. Then by 2018, trade between China and Saudi Arabia surpassed the Middle-Eastern country’s trade with the entire EU.

  • Earthquake of 4.1 magnitude strikes southeast Saudi Arabia

    An earthquake measuring 4.1 magnitude on the Richter scale struck southeastern Saudi Arabia. The Saudi Geological Survey (SGS) said in a press statement Sunday that the earthquake occurred at a depth of 16 km, and it is about 240 km from the Saudi border. SGS spokesperson Tariq Aba Al-Khail affirmed that the earthquake had no impact on Saudi lands and was not dangerous due to its remote location.

  • Saudi’s PIF pouring more money into Electronic Arts, Take-Two

    Saudi Arabia’s Public Investment Fund (PIF) has again increased its investment in video game companies Electronic Arts (EA) and Take-Two Interactive just days after increasing its stake in Nintendo. The Mario maker sold another 1.01 percent stake in their company to PIF. Saudi’s PIF bolstered its stronghold in EA from 5.1 to 5.8 percent after acquiring 2 million shares as 2022 came to a close. After purchasing almost 3 million shares, the fund’s investment in Take-Two jumped from 5.3 to 6.8 percent as well in 2022. As of February 2021, the Saudi PIF had already invested roughly $3.3 billion into EA, Take-Two, and Activision Blizzard.

  • World Defense Show reaffirms strategic partnership with Saudi Arabia’s military industries in five-year deal

    The World Defense Show, which will be held on Feb. 4-8, 2024, has extended its partnership with Saudi Arabian Military Industries as its national strategic partner for the event’s next three events. Following the successful inaugural edition in 2022 that saw SR29.7 billion ($7.916 million) worth of deals being signed, the second event will be held next year, with an aim to provide a platform to exchange knowledge and technology for local and international firms operating in the defense sector. SAMI’s objectives are aligned with the World Defense Show’s efforts to support localizing more than 50 percent of its defense spending by 2030, as outlined in the Saudi Vision 2030, a press statement read.

  • AlUla Arts Festival returns with Saudi Arabia’s first Andy Warhol exhibition

    Font Size The AlUla Arts Festival will return for its second edition on February 16 with Saudi Arabia’s first exhibition of artworks by the renowned American contemporary artist Andy Warhol. The ‘FAME: Andy Warhol in AlUla’ will feature Warhol’s famous paintings and prints of Hollywood stars and celebrities alongside his ground-breaking installation Silver Clouds and archival photography.

  • Saudi Arabia’s PIF says U.S. stocks value falls nearly $6 billion in fourth quarter

    Saudi Arabia's sovereign Public Investment Fund held $30.9 billion worth of U.S. stocks at the end of 2022, down from $36.8 billion at the end of September, dragged down by a $6.8 billion decrease in value of electric carmaker Lucid (LCID.O), it said in a regulatory filing. PIF, which already owned more than 60% of Lucid, bought more than 93.75 million shares in the carmaker in the third quarter, according to Reuters calculations based on the U.S. filing. That was equivalent to roughly 5.6% of Lucid shares, according to calculations based on Refinitiv data.