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Royal Succession Planning at Saudi Inc.
- January 26,2015
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- Matthew Spivack
Following the death of Saudi Arabia’s King Abdullah, it is important for companies to be prepared to answer questions from the corporate office regarding how royal succession impacts Saudi Arabia’s trajectory. New Saudi King Salman’s ascension to the throne, and the appointment of Crown Prince Muqrin, represents continuity from King Abdullah’s reign. Salman is unlikely […]
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OPEC to Oil Companies at Davos: ‘Let’s produce the lower cost oil first and then produce the higher cost…prices will rebound’
- January 22,2015
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- SUSTG Team
In dueling speeches at the Davos World Economic Forum in Switzerland, oil company heads and OPEC representatives clashed about the collapse in the price of oil, according to a report in Reuters. Oil company chiefs at from Italy’s Eni Spa and France’s Total said that OPEC’s unwillingness to cut output “could lead to a huge […]
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Google’s Eric Schmidt Headlines Impressive Speaker List for the Upcoming Global Competitiveness Forum (GCF) on January 25th in Riyadh
- January 20,2015
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- SUSTG Team
Google’s executive chairman Eric Schmidt will speak at the upcoming Global Competitiveness Forum (GCF) in Riyadh, Saudi Arabia, according to the Forum’s website. The technology billionaire headlines a long list of high-level speakers set to descend on Riyadh to discuss investment and development in the region and beyond. Schmidt joined Google in 2001 and served […]
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Jadwa Investment: Central Department of Statistics Finds 2014 inflation rate was 2.7%, Down from 3.5% in 2013
- January 19,2015
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- SUSTG Team
According to a recently released note by Jadwa Investment, a leading Saudi investment firm, inflation in the Kingdom was down in 2014 to 2.7% on average, and found a deceleration in prices to 2.4% year-on-year. Jadwa’s Head of Research Dr. Fahad Alturki wrote in an investor note: “The Central Department of Statistics and Information (CDSI) has […]
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Jadwa Investment: ‘The economy will continue performing strongly in 2015, albeit at a slower pace’
- January 11,2015
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- SUSTG Team
Jadwa Investment’s just-released report on the Saudi economy in 2015 expects growth at a “slower pace” than previous years and “a narrowing current account surplus and a larger than-budgeted fiscal deficit.” The report, which examines the potential of various sectors within the Saudi economy and the impact of oil prices on growth in 2015, projects economic growth […]
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Five trends that will shape the Arab World’s online industry in 2015
- January 8,2015
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- Khaldoon Tabaza
2014 was a milestone year for online businesses in the Arab world. It was the year in which Arab online users spent more time behind their smartphone and computer screens than their televisions, online classified’s popularity soared over that of print classifieds, and several industries such as transportation, automotive, and food & beverage were disrupted […]
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The ‘Monumental’ Opening of the Saudi Stock Market in 2015 to Wider Foreign Investment
- January 7,2015
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- SUSTG Team
As Saudi Arabia prepares to open its stock market to wider foreign investment possible as soon as April 2015, there is tremendous enthusiasm on the part of foreign investors as wells as anticipation within the Kingdom. In a recent FocusKSA discussion with Dr. John Sfakianakis, SUSTG’s President Richard Wilson asked about the importance of the […]
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The fundamentals of the oil price slide: where’s the bottom and is Saudi Arabia still a swing producer?
- January 6,2015
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- SUSTG Team
With a precipitous slide in the price of oil to less than half its July 2014 highs, markets around the world are watching Saudi Arabia closely as they try to figure out where the bottom might be for oil prices. But given its low extraction costs, significant capital investment in production infrastructure and large capital reserves, […]
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For Saudi Arabia’s Budget, Oil’s True Breakeven Price Disputed by Analysts
- December 31,2014
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- Lucien Zeigler
One of the most important figures that factors into Saudi Arabia’s budget each year isn’t actually published by the government. What the Kingdom annually assumes will be the average price of oil is crucial for government and fiscal planning. With the Kingdom’s economic diversification goals still yet to be realized, oil revenues are (almost) everything […]
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In Wide-Ranging Interview with Local Paper, Alwaleed bin Talal Discusses Path to Success
- December 30,2014
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- SUSTG Team
Saudi Arabia’s Prince Alwaleed bin Talal gave his first interview with a local Saudi paper in eight years, according to the Saudi Gazette, and the billionaire discussed his path to business successes, how he spends his time, and national/regional issues of concern. The in-depth interview was revealing of the Prince’s day-to-day business and personal activities. When […]
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Mining and MineralsSubsidiary of Saudi Arabia’s Ma’aden amends loan terms with Public Investment Fund
State-controlled Ma’aden said MBAC had agreed with the Public Investment Fund (PIF) to amend the terms of an existing 3.75 billion riyal loan provided by the kingdom’s sovereign wealth fund.
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Bankruptcy LawBankruptcy reforms ‘will spur Saudi Arabian investment’
Saudi Arabia will introduce its first comprehensive bankruptcy law on Aug. 18 in a move designed to encourage foreign and domestic investment in private business, experts say.
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South AfricaUAE pledges $10 bln in investment, South Africa says
The United Arab Emirates (UAE) has pledged to invest $10 billion in South Africa’s economy, including the tourism and mining sectors, the South African presidency said on Saturday.
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Vision 2030London Stock Exchange Group chairman hails Saudi Arabia’s ‘forward-thinking leadership’ at BMG investment forum
The chairman of the London Stock Exchange Group has urged Saudi Arabia to press on with its Vision 2030 reforms, saying the UK was a “natural partner” in the Kingdom’s economic diversification strategy.
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Mining and MineralsSaudi modified mineral investment system preparation done: Al-Falih
he Saudi Ministry of Energy, Industry and Mineral Resources announced Sunday the completion of the modified mineral investment system, which opens the path for investors and the private sector to benefit from promising investment opportunities in this vital sector in the Kingdom of Saudi Arabia, Saudi Press Agency (SPA) said Sunday.
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EntertainmentFor Entertainment And Media, Consumption Is Driving Investment In Creation
The Saudi government is now throwing significant support behind the local media industry, emphasizing entertainment in particular as a quality of life issue and a means to build a private sector that is less reliant on oil revenue.
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InvestmentSaudi PPP law to spur investment surge
Najem Al-Zaid, one of the founding partners of Riyadh-based ZS&R law firm: “The law will regulate for the first time the role of the private sector in terms of partnering with the public sector.”
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Saudi-RussiaRussia and Saudi Arabia may double investments cooperation in 3 years
The interaction of Russia and Saudi Arabia as part of the OPEC + format will make it possible to double the volume of investments in bilateral cooperation in the next three years, head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told journalists.
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Foreign investmentSaudi government bodies to use new methodology to calculate foreign investment
Three Saudi government bodies will announce results of foreign investments in the kingdom by the end of September based on a new method of calculation practiced by the G20 countries and other international bodies, report in a business news website has revealed.
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EnergyGlobal Investment in Wind and Solar Energy Is Outshining Fossil Fuels
Global spending on renewable energy is outpacing investment in electricity from coal, natural gas and nuclear power plants, driven by falling costs of producing wind and solar power.
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