SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Saudi Arabia urges its citizens to leave Lebanon immediately

    Saudi Arabia urged its citizens to leave Lebanon immediately, Saudi Press Agency (SPA) reported on Saturday. The call from the Saudi embassy in Lebanon comes following “ the developments of the current events in southern Lebanon, and confirms its previous call to all Saudi citizens to abide by the travel ban to Lebanon,” a statement on SPA said.

  • Erdogan says Turkiye stands with Lebanon as tensions rise with Israel

    Cross-border strains between Israel and Lebanon’s Hezbollah have been escalating in recent weeks, stoking fears of an all-out Israel-Hezbollah war. Shelling across Israel’s northern border has led to the evacuation of tens of thousands of people from areas on both sides of the frontier.

  • How Did the Taliban Power Grab Change Afghanistan’s Opium Economy?

    With the Taliban retaking power in April 2022, the new Afghan government instituted a strict ban on the cultivation of poppy, not only curtailing the supply of illicit substances like heroin but also that of medical prescription opioids. As a result, potential opium production dropped by 95 percent between 2022 and 2023 to 333 tons.

  • Saudi Islamic Banks Supported by Solid Operating Environment; Liquidity Tighter

    Saudi Islamic banks are well-placed in the banking sector, with larger retail franchises supporting higher margins, a lower cost of funding, and better asset quality. In general, financing growth has outpaced lending over the past few years, supported by the requirement for residential mortgages to all be sharia-compliant. Islamic banking is dominant in Saudi Arabia, with the largest proportion of Islamic financing (85%) of any country that allows conventional banks to operate alongside Islamic banks.

  • As climate change imperils Taliban’s shift from opium, impact could be felt worldwide

    For decades, farmers in southern Afghanistan relied on opium poppies to make a living in their parched desert landscape. Even as prolonged drought dried out rivers and turned fields so salty that they glowed white in the sun, the hardy poppies flourished.

  • Kuwait Finance House Explores Bid for Stake in Saudi Investment Bank

    Kuwait Finance House KSCP has been exploring the purchase of a significant stake in Saudi Investment Bank as dealmaking activity heats up in the Middle East, according to people familiar with the matter. The Kuwaiti lender has been studying a potential investment to help bolster its regional presence, the people said, asking not to be identified as the information is private. Shares of Saudi Investment Bank jumped as much as 4.9% in Riyadh trading Tuesday. They were up 0.2% at 1:23 p.m. local time, giving the company a market value of about $4.3 billion.

  • Israeli Official Describes Secret Government Bid to Cement Control of West Bank

    Israeli judges have long ruled that Israel’s control of the territory is a temporary military occupation and complies with international law. A powerful minister’s recent speech, caught on tape, suggested the government is trying to change that.

  • Saudi Arabia’s UK ambassador warns Israeli war with Lebanon would quickly turn global

    A Saudi Arabian diplomat has warned Israel against a war in Lebanon, insisting that the kingdom will not normalise relations without justice for the Palestinian people.

    Israel and Hezbollah have both claimed they are ready to go to war this week, raising fears of a regional spillover of the Israel-Gaza war, which is entering its ninth month.

    Prince Khaled bin Bandar Bin Saud, Saudi Arabia’s ambassador to the UK, called on Israel and the international community to “recognise the danger that lies ahead”.

  • EV startup Fisker files for bankruptcy, aims to sell assets

    U.S. electric vehicle (EV) maker Fisker filed for bankruptcy protection late on Monday, looking to sell its assets and restructure its debt, after succumbing to rapid cash burn to deliver its "Ocean" SUVs in the United States and Europe.
    EV makers such as Proterra, Lordstown and Electric Last Mile Solutions have also gone bankrupt in the past two years due to depleting cash reserves, fundraising hurdles and challenges in ramping up production due to global supply chain issues. Fisker's cars were also under investigation by U.S. regulators.

  • Netanyahu disbands his inner war cabinet

    Israeli Prime Minister Benjamin Netanyahu has dissolved the six-member war cabinet, an Israeli official said on Monday, in a widely expected move that came after the departure from government of the centrist former general Benny Gantz.
    Netanyahu is now expected to hold consultations about the Gaza war with a small group of ministers, including Defence Minister Yoav Gallant and Strategic Affairs Minister Ron Dermer who had been in the war cabinet.

Left Menu Icon
Logo Header Menu