SUSTG.com / Research
Discover stories, topics, and more about Saudi Arebia faster.
Recent stories from sustg
-
Saudi Aramco Opens its Books, Officially the World’s Most Profitable Company
- April 1,2019
•
- SUSTG Team
State-owned Saudi Aramco is the world’s most profitable firm, eclipsing global heavyweights like Apple and Samsung, according to new data revealed ahead of a major bond issuance. Saudi Aramco’s earnings last year before interests, taxes, and depreciation stands at $224 billion, almost three times as much as Apple. Net income last year was $111.1 billion. The revelation of […]
-
Energy Secretary Rick Perry Confirms KSA One of 16 Countries Approved for Unclassified Civil Nuclear Technology
- March 29,2019
•
- SUSTG Team
The Trump administration has approved seven applications for U.S. companies to sell nuclear power technology and assistance to Saudi Arabia, but did not reveal the particular companies or specifics of those authorizations, the Energy Department said Thursday. Energy Secretary Rick Perry told the Senate Armed Services Committee that the seven applications approved were among 37 […]
-
Saudi Aramco Agrees to Buy 70% Stake in SABIC from Kingdom’s Public Investment Fund
- March 28,2019
•
- SUSTG Team
Saudi Arabia’s national oil company Saudi Aramco has agreed to buy a 70% stake in Saudi Basic Industries Corporation (SABIC), the kingdom’s leading petrochemical firm, for $69.1 billion in a private transaction, SABIC said in a press release. The move continues Saudi Aramco’s plans to diversify away from oil to “generating more of its profits […]
-
Saudi Arabia plans 2.6 GW solar park near Mecca
- March 27,2019
•
- SUSTG Team
Saudi Arabia is set to issue tenders for 2.6 GW Mecca solar project in 2019, according to reports. The Faisaliah Solar Power Project is planned to be developed in several stages by the Saudi Ministry of Energy, Industry and Mineral Resources and the Development Authority of Mecca. Construction work on the project will begin this year, […]
-
PIF-backed Uber Technologies Buys Regional Rival Careem for $3.1 Billion
- March 26,2019
•
- SUSTG Team
It’s the biggest tech deal the Middle East region has ever seen. Uber Technologies, Inc. is buying regional ride-sharing rival Careem for $3.1 billion, $1.7 billion in convertible notes and $1.4 billion in cash. Dubai-based Careem successfully rivaled Uber in Saudi Arabia and other parts of the Middle East region, amassing 30 million users across 90 […]
-
King Salman Announces New Governor of the General Authority for Foreign Trade in Weekend Royal Orders
- March 25,2019
•
- SUSTG Team
Custodian of the Two Holy Mosques King Salman issued several royal orders on Saturday appointing a number of officials to positions, including appointing Abdulrahman Al-Harbi to be the first governor of the General Authority for Foreign Trade. Al-Harbi is serving as Deputy Minister for Foreign Trade and Investment in Saudi Arabia’s Ministry of Commerce and Investment. The […]
-
Oil Notches Third Straight Week of Gains, but Global Economy Fears Still Weigh on Prices
- March 22,2019
•
- SUSTG Team
Concerns that a looming economic slowdown might soon impact fuel consumption around the world are weighing down oil prices after Saudi Arabia and the OPEC+ group of oil producing nations have successfully reversed a downward trend for oil since the start of 2019. Brent hit a four-month high of $68.69 per barrel on Thursday, up from $51 […]
-
Saudi Tourism Officials Eye $20b Investment for Al-Ula, with Roadshow Planned for This Year – Report
- March 21,2019
•
- SUSTG Team
A recent report in Reuters revealed Saudi Arabia’s big ambitions for Al-Ula, in the northwestern corner of the kingdom that was a key site for an ancient civilization and is near to the future planned city NEOM. Saudi Arabia is targeting up to $20 billion of investments through 2035 for a planned landmark tourism destination and will hold a global investor […]
-
950,000 SMEs Registered in Saudi Arabia — Jadwa Investment
- March 20,2019
•
- SUSTG Team
A recent report by Jadwa Investment highlights the progress being made in the development of Small and Medium-Sized Enterprises (SMEs) in Saudi Arabia and the significance that these crucial elements of a diverse economy can have on sustainable growth in the Kingdom. Saudi Arabia is focusing on SME development with its Vision 2030 social and […]
-
King Salman Announces $23 Billion for Four Entertainment Projects Including the ‘World’s Biggest Park’ in Riyadh
- March 19,2019
•
- SUSTG Team
Saudi Arabia is planning to build the “world’s biggest park” as part of a $22.9bn project that aims to create large open green areas in Riyadh while creating thousands of new jobs, according to the Saudi Press Agency and other news outlets. The project consists of four entertainment projects in Riyadh, which are currently in the design phase, according […]
- 10 of 1620 results<< 1 … 77 78 79 80 81 … 162 >>
MUST-READS
-
DesalinationSaudi Arabia expands water desalination production capacity
-
Pterodactyl IISaudi Arabia orders 300 Chinese strike-capable reconnaissance unmanned aerial vehicles
Saudi Arabia has signed a contract for the acquisition of 300 of the newest Chinese strike-capable reconnaissance unmanned aerial long-haul vehicles Wing Loong II (also known as Pterodactyl II).
-
Monster TrucksMonster Jam lives up to its hype; drawing at least 30,000 in Saudi capital
Monster Jam lived up to its hype on the opening of its two-night show at the King Fahd International Stadium in the Saudi capital late Friday.
-
MosulMosul offensive: Iraqi forces recapture airport in bid to retake city
Iraqi security forces have recaptured Mosul airport, a key part of the government's offensive to drive the so-called Islamic State (IS) from the western half of the city.
-
Alleged Houthi AttackYemeni Rebels Say They Targeted Saudi Capital With a Missile
The Houthis said in a statement carried by the rebel-run SABA news agency that the missile "targeted" the al-Mazahmiya army base in western Riyadh, around 1,000 kilometers (650 miles) from Sanaa.
-
Saudi-Bahrain CausewayKing Fahd Causeway to undergo expansion to double capacity
Under new engineering designs, the number of arrival lanes would be increased from 17 to 33 to be able to accommodate the ever-growing traffic and influx of passengers on the causeway.
-
SomaliaExtremist gunmen storm hotel in Somali capital, 12 killed
At least eight people were killed and 14 injured as Somali security forces ended a siege by extremist fighters who stormed a hotel in the capital, police said.
-
Real EstateAlkhabeer Capital unveils realty fund in Saudi Arabia
Alkhabeer Capital, an asset manager specialized in alternative investments, announced on Monday the launch of its Saudi Real Estate Income Fund I, a close-ended private fund that will invest in income-generating residential properties in the Kingdom of Saudi Arabia.
-
Daesh in IraqIraqi forces recapture last central areas in eastern Mosul
A woman looks at rubble of destroyed buildings in eastern Mosul, Iraq, on Jan. 22, 2017. Iraqi security forces continued fierce clashes to drive out the militants of the extremist Islamic State (IS) group from their last strongholds in the northern outskirts of the city of Mosul. (Xinhua/Khalil Dawood)
-
SyriaWater Crisis in Syrian Capital as Government Attacks Valley
Residents of Damascus are scrambling for clean water after the government attacked rebels holding the city's main source in a nearby valley, leading to an accidental outage that has stretched on for nearly two weeks.
- 10 of 945 results<< 1 … 78 79 80 … 95 >>
