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Saudi Arabia Taps Foreign Reserves to Weather Coronavirus Crisis
- April 29,2020
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- SUSTG Team
Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, Reuters reports, as the Kingdom draws down on reserves to weather the Coronavirus crisis and keep citizens and residents safe.
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Saudi Arabia’s PIF Eyes Bargain Stakes in Blue Chip Companies Likely to Rebound – Report
- April 16,2020
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- SUSTG Team
A “shopping list is being readied” for potential investments by Saudi Arabia’s Public Investment Fund in healthcare, technology, and logistics companies around the world as the coronavirus pandemic creates potential opportunities for bargain investments, according to a Financial Times report.
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Saudi Arabia to Spend $4 Billion in Fight Against Coronavirus
- April 8,2020
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- SUSTG Team
Saudi Arabia will increase its spending to fight the spread of the coronavirus in the Kingdom, earmarking an additional 7 billion riyals (USD 1.8 billion) yesterday on top of the 8 billion riyals (USD 2.1 billion) earmarked at the beginning of the virus outbreak, according to Asharq Alawsat.
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Saudi Arabia Approves Government Asset Privatization on Local Stock Market
- April 1,2020
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- SUSTG Team
Saudi Arabia’s government approved the listing of government assets planned for privatization on its stock market, according to reports.
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G20 Finance Chiefs, Central Bankers Hold Digital Meeting for Second Time in a Week to Discuss Coronavirus Response
- March 31,2020
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- SUSTG Team
Finance ministers and central bankers from the Group of 20 major economies met by videoconference on Tuesday, the second such meeting in a week, to discuss a global response to the spread of the coronavirus the its impact on economy, Reuters reports.
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Saudi Arabia Enacts Curfew as Kingdom Seeks to Best COVID-19
- March 23,2020
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- SUSTG Team
Saudi Arabia has enacted a curfew to stop the spread of COVID-19 within the Kingdom’s borders, prohibiting citizens and residents from being outside the home at night for three weeks starting Monday.
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Saudi Arabia Widens Travel Ban; Coronavirus Cases Increase
- March 12,2020
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- SUSTG Team
Saudi Arabia has extended flight bans to the European Union and other countries as the Kingdom announced 24 new cases overnight, bringing its total to 45.
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Saudi Arabia launches Y20 summit as a Platform Connecting Youths with G20 leaders
- March 2,2020
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- SUSTG Team
Saudi Arabia launched the Y20 (Youth 20) summit on Sunday evening, a platform which seeks to bring youth voices to international decision-makers.
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Report: Saudi Arabia Pushing for a ‘Major, Short-Term Oil Production Cut’
- February 3,2020
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- SUSTG Team
OPEC and its allies are “considering cutting their oil output by a further 500,000 barrels per day (bpd)” with eyes on mitigating the impact on oil demand from the coronavirus, Reuters and the WSJ report.
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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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MUST-READS
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Women in Saudi ArabiaSaudi women’s small steps on path to progress
Women are waiting to see if progress in other areas will continue under the new monarch, King Salman bin Abdulaziz, who is seen as closer to the religious establishment than his predecessor. He has sent mixed messages so far. Publicly women declare that he cannot reverse the gains they have made. Privately some express unease. But all agree that even if changes continue, they will happen very slowly.
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Women and the WorkforceSaudi women increasingly demand higher positions
Omair explained that the ratio of Saudi women assuming senior administrative positions has increased from 19 percent in 2004 to 24 percent in 2014. She said start-ups in particular were exemplary in promoting the status of women and will add to its already established recognition and balance in economic growth.
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Women in Saudi ArabiaUsing technology to empower women in Saudi Arabia
Born in Riyadh, Princess Reema grew up in Washington DC while her father was Saudi Arabia’s ambassador to the United States. She is now the CEO of Alfa International, a Saudi Arabia-based luxury retailer, and she’s also a major advocate for breast cancer awareness in her country.
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Women and the Workforce806,000 Saudi women part of Kingdom’s work force
Of this total, 71 percent work in education, 13 percent in human health and social services, and 5 percent in public administration, defense and social security. There were also women employed in production, manufacturing, mining, agriculture, forestry and fishing.
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SXSWPrincess Reema on leading Saudi women: ‘Keep walking,’ they will follow
Princess Reema, as she is called, said she has hired many women to work at Harvey Nichols, the luxury department store she runs, something that was unheard of until just a few years ago, when laws in the country began to somewhat modernize.
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Women and the WorkforceHelping Saudi women into work is big business for one man
He said his family and friends were concerned that he was quitting his job as chief operations officer at KPMG for Saudi Arabia, Kuwait and Jordan – a “good job in a safe environment”- to help get women into work. It was after all, he said, “a crazy decision.”
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Women and EducationSixty years of Saudi women’s education in pictures
A series of photographs made available by the Saudi Press Agency detail the history of female education in Saudi Arabia.
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Arab Women21 Saudis among 100 most powerful Arab women
Saudi Arabia has 21 women ranked in the top 100 list of the most powerful Arab women, determined by Arabian Business magazine every year for the past five years.
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Saudi Birth RateFive reasons cited for growing infertility among Saudi women
“The fertility rate of Saudi women declined from 2.9 children in 2013 to 2.8 children in 2014,” said one expert. The Kingdom maintained its second position in the Gulf, after Oman (2.9 children), in fertility rate. However, Saudi Arabia registered considerable fall in fertility rate during the past 10 years as it declined from 3.6 children in 2004 to 2.8 children in 2014.
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Women in Saudi ArabiaSaudi women react to new king
The new royal administration has not yet made clear its position on advancing women’s opportunities. On the one hand, one of Salman’s first moves after becoming king was to extend a royal olive branch to several clerics who had been demoted or ignored by Abdullah, sometimes for publicly objecting to his promotion of women’s advancement. And it is widely believed that Salman will give the Wahhabi clerical establishment more say in formulating policies than Abdullah did. On the other hand, Salman has peppered his Cabinet with young technocrats who are aware that national development requires women’s participation in the economy and public life.
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