SUSTG.com / Research

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

Recent stories from sustg

  • Saudi Capital Market Authority Eases Guidelines for Qualified Foreign Investors
     

    Saudi Arabia’s Capital Market Authority (CMA) Board has approved changes to rules that regulate what type of foreign investor can enter into the Saudi stock market.  The changes include 24 Articles that address procedures, requirements, and conditions for the registration of qualified foreign investors (QFIs) with the CMA to invest in listed securities in the Saudi […]

     
  • Amended Rules Increasing Foreign Investor Access to Saudi Stock Market Approved
     

    Saudi Arabia’s Capital Market Authority (CMA) Board has approved changes to rules that regulate what type of foreign investor can enter into the Saudi stock market.  The changes include 24 Articles that address procedures, requirements, and conditions for the registration of qualified foreign investors (QFIs) with the CMA to invest in listed securities in the Saudi […]

     
  • U.S. State Department Approves Potential $1.15b Sale of 130 Abrams Battle Tanks, 20 Armored Recovery Vehicles to Saudi Arabia
     

    The U.S. State Department has approved the potential sale of more than 130 Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to Saudi Arabia, the Pentagon said on Tuesday. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia for […]

     
  • Gallup Poll on Saudi Attitudes About Economy, Prosperity Sees Hope after Oil, Divide Between Saudis and Expats
     

    A recently released Gallup poll, conducted shortly after the announcement of Vision 2030, found that nearly half of adults (48%) rate their lives well enough to be considered “thriving,” up significantly from 35% a year earlier. Such a large shift in thriving rates in a single year “is rare in any country,” Gallup said. However, there is a sharp […]

     
  • Saudi Arabia Confirms Cooperation with Germany to Investigate, Prevent Terrorist Attacks
     

    Saudi Arabia’s has confirmed it was working with German investigators to track Islamist militants behind bomb and axe attacks in July. The news was originally reported by the German outlet Der Spiegel and confirmed in rare comments by a Saudi spokesman. A spokesman for the Saudi interior ministry, General Mansour al-Turki, said Saudi and German security experts […]

     
  • Saudi Presents Investigation into Coalition Bombings in Yemen
     

    An investigative committee examining charges that the Saudi-led coalition fighting against Houthi rebels in Yemen has caused civilian casualties largely defended their actions, Reuters reports. According to the Saudi Press Agency (SPA), the coalition’s investigative committee is independent and composed of representatives from six countries, all members of the Gulf Cooperation Council, in addition to […]

     
  • Is Saudi Arabia’s Economy Turning the Corner?
     

    Saudi Arabia’s non-oil private sector may be showing signs of stabilization after roughly two years of uncertainty and significant economic policy changes, according to new data. A recently published Saudi Arabia PMI by Emirates NBD shows growth in Saudi Arabia’s non-oil private sector accelerated to an eight-month high in July. “July’s survey is encouraging as it suggests […]

     
  • Jadwa Saudi Chartbook for August 2016: Signs of ‘Resilience’ in Saudi Economic Activity
     

    Jadwa Investment’s Saudi Chartbook for the month of August found points of “resilience” in economic activity, according to chief economist and head of research Fahad Al-Turki. “June data showed resilience in economic activity. Data on point-of-sale transactions and ATM withdrawals came out strong, while the non-oil PMI continued to reflect an expanding non-oil economy,” Jadwa said. Data on […]

     
  • $6.9 billion in Tourist Projects Approved under Saudi NTP
     

    Saudi Arabia approved more than SR26 billion ($6.9 billion) of tourism projects under the Kingdom’s National Transformation Program (NTP) on Sunday, according to reports. The funding will go to existing development projects in the pipeline as well as new efforts to preserve Saudi Arabia’s heritage sites, of which many are seen as underdeveloped and inadequately protected. Previously, […]

     
  • 11 Saudi Citizens Including 7 Soldiers Die on Border with Yemen ahead of Next Round of Peace Talks
     

    Four people were killed and three wounded in Saudi Arabia when a shell fired from inside Yemen exploded in a town close to the border, Saudi Civil Defense said on Monday. The announcement followed news that seven Saudi soldiers and dozens of Houthi fighters were killed in heavy fighting on the border with Yemen on […]

     

MUST-READS

  • Saudi Electricity to raise $2 bln with dual-tranche sukuk with green tranche

    Saudi Electricity Company (5110.SE), majority owned by the sovereign Public Investment Fund, is set to raise $2 billion from a sale of dual-tranche Islamic bonds, a bank document on the deal showed on Monday. The company's offer is made up of 10-year green sukuk and 30-year conventional Islamic paper, the document showed. Orders for the 10-year tranche topped $9.2 billion and the 30-year tranche drew more than $6.2 billion in demand, both excluding interest from joint lead managers, the document said.

  • Saudi non-oil business growth eases in March but output remains strong-PMI

    Saudi Arabia's non-oil business activity continued to expand at a strong rate in March, a monthly survey showed, boosted by an increase in new orders, although the pace of growth softened from the previous month. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index eased to 58.7 in March, firmly over the 50 mark which separates growth from contraction, but down from 59.8 in February, the highest reading in almost eight years. The New Orders sub-index eased to 66.4 in March after surging to 68.7 the previous month but signals continued strong demand, with demand from foreign firms particularly strong.

  • No More Blank Checks: Saudi Arabia Clamps Down on Regional Aid

    The kingdom is still sending money abroad — possibly more than ever. But much of it is now geared toward international investments for profit and influence and at kick-starting new industries at home, like electric vehicles. The Saudi government has also taken on a role similar to the International Monetary Fund, which gives it even greater sway than before over regional politics, with larger nations like Pakistan effectively beholden to it.

  • No More Blank Checks: Saudi Arabia Clamps Down on Regional Aid

    The kingdom is still sending money abroad — possibly more than ever. But much of it is now geared toward international investments for profit and influence and at kick-starting new industries at home, like electric vehicles. The Saudi government has also taken on a role similar to the International Monetary Fund, which gives it even greater sway than before over regional politics, with larger nations like Pakistan effectively beholden to it.

  • Iran says it warned off US Navy aircraft close to Gulf of Oman

    The Iranian navy said it identified and warned off a U.S. reconnaissance plane near the Gulf of Oman on Sunday, the semi-official Tasnim news agency reported. "After the warning, the plane was prevented from entering the country's skies without authorization," said the report, identifying the plane as a U.S. Navy EP-3E. While the opening line of the Tasnim report said the aircraft had crossed into Iranian airspace, the same report also said the aircraft had not entered Iranian skies and had left after the warning.

  • Israel says it downs aircraft that appeared to come from Syria

    The Israeli army said it downed an unidentified aircraft on Sunday that appeared to have crossed into its territory from Syria, as tensions simmer between the two countries. The Israel Defense Forces (IDF) said in a statement the aircraft it downed did not pose a threat at any stage.

  • Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains

    Yet venture firms, which tend to paint themselves as more virtuous than other asset providers in order to win over founders, have mostly remained highly secretive about any ties to the region. Which makes comments made yesterday by Horowitz at the Miami event all the more notable.

  • Turkey approves Finland’s NATO application, clearing the last hurdle. Sweden is still waiting.

    Turkey has finally approved Finland’s application to join NATO, putting an end to months of delays while also continuing to block Sweden from joining the military alliance. The Turkish Parliament voted unanimously in favor of Finland’s membership on Thursday, clearing the last hurdle in the accession process. The vote fulfills Turkish President Recep Tayyip Erdogan’s “promise” to allow Finland in the defense alliance. Turkey was the last NATO member to approve Finland’s accession, although Hungary only did so on Monday.

  • Saudi astronauts complete training for historic trip to space in May

    Two Saudi astronauts have moved a step closer to their historic mission to the International Space Station after completing their training programme. Ali Al Qarni and Rayyanah Barnawi, who is set to become the first Arab woman in space, are set to travel to the orbiting laboratory on May 12 as part of the AX-2 mission. The 10-day trip has been organised by Axiom Space, a private space company based in Houston, Texas. The company helped the UAE secure its six-month mission on the station that is being carried out by Emirati astronaut Sultan Al Neyadi. The company will also send the first Turkish astronaut to space later this year.

  • Saudi Arabia joins Shanghai Co-operation Organisation

    The SCO was formed in 2001 by Russia, China, and former Soviet states in Central Asia, and has since expanded to include India and Pakistan. The organisation's goal is to promote regional stability and counter western influence in the region. Iran signed documents for full membership in 2022, and Saudi Arabia has been granted the status of a dialogue partner, which is a first step towards full membership.