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In Detailed Report, CBRE Highlights ‘Game Changer’ Saudi Entertainment Industry
- February 7,2020
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- SUSTG Team
American commercial real estate services and investment firm CBRE Group, Inc., the largest commercial real estate services company in the world, recently released a graphic-filled and detailed report on Saudi Arabia’s bourgeoning entertainment industry, which it calls a “game changer.”
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Jadwa Investment: Saudi Inflation Set to Rise Slightly in 2020; Non-Oil Private Sector to Pick Up
- February 5,2020
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- SUSTG Team
A recently-released report by Jadwa Investment notes that the Kingdom will see a slight increase in inflation in 2020 on expectations of a continued pick-up in non-oil activities and an elevated level of consumer spending.
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Saudi Arabia’s 2018 CO2 Emissions Fall Faster Than Expected
- February 4,2020
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- SUSTG Team
Latest data for the year of 2018 show that emissions in Saudi Arabia have fallen significantly for the first time, down 4.4% or 26 million tons, according to researchers at the King Abdullah Petroleum Studies and Research Center (KAPSARC).
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Flights to Saudi Capital Double as 66-day Riyadh Season Proves a Major Boon to Kingdom’s New Tourism Drive
- January 29,2020
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- SUSTG Team
Flight bookings for travel to Riyadh from October 2019 to January 2020 more than doubled compared to the same period in the previous year, Arabian Business reports, citing data from the Seera Group, a Saudi-based travel and tourism company.
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Kingdom’s Domestic Tourism, Entertainment Push Leads to Declines in Saudis Visiting Dubai
- January 24,2020
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- SUSTG Team
The number of Saudi tourists visiting Dubai in 2019 dropped as Saudi Arabia begins to see major gains in its domestic tourism market and local entertainment offerings.
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Saudi Health Officials, Experienced with MERS-CoV, Take Preventative Measures against New ‘Wuhan’ Coronavirus
- January 23,2020
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- SUSTG Team
Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports.
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Oil Demand Growth Forecasted to Trend Higher in 2020
- January 21,2020
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- SUSTG Team
Oil demand growth is set to trend higher this year compared with 2019, a recent report from Jadwa Investment finds, citing OPEC forecasts and other global economic factors.
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Report: SABIC, Aramco set to decide on oil to chemicals project in 2Q 2020
- January 17,2020
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- SUSTG Team
Saudi Basic Industries Corp (SABIC) and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility to process crude oil directly into chemicals, Bloomberg reports.
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The Economic Impact of Saudi Arabia Hosting the G20 Summit
- January 16,2020
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- SUSTG Team
A recent report from Jadwa Investment looks at the economic impact of Saudi Arabia hosting the G20 Summit, noting that while the Riyadh has hosted major summits before, “the G20 summit differs due to the sheer number of different events related to it” with more than 120 workshops, ministerial meetings and specialized seminars scheduled throughout […]
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World Bank’s Women, Business and the Law Report says Saudi Arabia Top Reformer, Improver Among 190 Economies
- January 15,2020
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- SUSTG Team
The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100 and achieving the honor of being the top improver over the last year, according to reports.
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MUST-READS
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BahrainBahrain’s GIB Establishes Saudi Arm With $2 Billion Capital
Bahrain-based Gulf International Bank converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capital, as the lender looks to boost its presence in the kingdom.
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Wind PowerSaudi Arabia To Build 6.2 Gigawatts Of Wind Capacity By 2028
Saudi Arabia is set to become a regional heavyweight in wind power by the early 2020s, according to new research published this week by Wood Mackenzie Power & Renewables, installing 6.2 gigawatts (GW) of new wind capacity between 2019 and 2028, 46% of the region’s total wind capacity installed during that time.
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Saudi-IndiaSaudi capital funds expansion of India’s most innovative businesses: SAGIA
Kingdom of Saudi Arabia (KSA) is among the top five largest foreign direct investors in India, and is among its top three crude oil import sources. KSA's cumulative investments in India is Rs 190 billion (or $27.48 billion) until February 2018.
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Yemen Civil WarSaudi-led coalition air strikes hit Yemeni capital as violence flares
The Saudi-led coalition fighting in Yemen carried out air strikes against two Houthi targets in the capital Sanaa early on Wednesday, its spokesman said.
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Saudi EconomyJobs boom: Ajlan Abdulaziz Alajlan on capitalising on the country’s human and natural assets
As housing demand is still outstripping supply, bridging the housing gap and increasing the number of units is a top priority for both the private and public sectors. This represents a lot of business opportunities for local real estate developers and contractors. From retail furniture to building-material supply, it is believed 70 industries will be positively impacted by the current housing programmes. More jobs will be created, which means increased purchasing power, and therefore people will be spending more locally. It is at the same time a virtuous circle and snowball effect.
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State CapitalismPerspective: State capitalism risks the next Careem
Whether through institutional enforcement or state dominance in markets, Saudi Arabia and the UAE are modeling a new kind of state capitalism for the region.
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PhotographySaudi photographer captures beauty of the Milky Way from coastal city
The Milky Way season brings with it loads of breathtaking photographs flaunting sparkly clear horizons and glimmering dark skies.
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SocietyCommentary: Few people are capable of evaluating Saudi social change. I am one of them.
I witnessed this change underway two weeks ago, when I attended a TEDx event in Riyadh, where my son Yossuf was among a dozen young Saudi speakers. The event was held at Riyadh’s King Saud bin Abdulaziz University for Health Sciences, under the theme of ‘Doors’ (doors to a pursuit of happiness, change, and self-discovery). What struck me most throughout the proceedings was the natural interaction between young men and women, which previously would have been forbidden at a public event like this under a mandated segregation policy.
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Anti-ISIS CampaignUS-Backed Syria Force Says it Captured Jihadists Behind Attack on US Troops
Nineteen people including four American personnel were killed in the January 16 suicide bombing claimed by the Islamic State group in the northern Syrian city of Manbij.
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Riyadh Parks DevelopmentSaudi Arabia is giving its capital a $23 billion makeover
The plan, which will incorporate green space, recreational areas and more than 1,000 art installations, seeks to improve quality of life for the capital’s 5 million residents and prepare the country for the opening up of its tourism sector.
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