SUSTG.com / Research

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

Recent stories from sustg

  • Saudi oil sales to U.S. robust despite refinery upsets
     

    Saudi Arabia appears to be keeping its pledge to ensure global markets are well supplied with oil, barely letting up in shipments to the United States even after two of its biggest refining customers suffered crippling glitches. A Reuters analysis of U.S. import data shows sales to the world’s top oil consumer have dipped less […]

     
  • Public policy considerations in Saudi Arabia’s new Arbitration Law
     

    We see plenty of coverage these days of Saudi Arabia’s growing economy; and justifiably so.  Expansionary government spending, elevated oil prices, a strong banking system, a maturing private-sector, increasing diversification, growing foreign investment and other factors contribute to an exciting period for Saudi Arabia. While elevated oil prices have fueled Saudi Arabia’s impressive recent growth, […]

     
  • Saudi market opening to take ‘a while’ as conditions debated
     

    Saudi Arabia — the largest, most liquid and yet least accessible stock market in the Arab world — is considering opening its stock market to foreign investors in a move that could help turn the local market into a regional trading hub. But when the kingdom will make its final decision on this proposal, which […]

     
  • High capital/solid profitability: Saudi banking system remains stable
     

    The outlook for Saudi Arabia’s banking system remains stable, says Moody’s Investors Service in a new Banking System Outlook. The key drivers of the outlook are (1) a benign operating environment; (2) low problem loan levels; (3) strong loss-absorption capacity, underpinned by high capital buffers and solid profitability; and (4) the sector’s stable, low-cost deposit […]

     
  • Saudi eases access to long-hidden ancient ruins
     

    “Spectacular… wonderful… breathtaking,” she says. “But where are the tourists? If we had a site like this in my country, we would have millions of tourists!” Dating back to the second century BC, the Nabataean archaeological site, also known as Madain Saleh, has long been hidden from foreign visitors in this ultra-conservative kingdom that rarely […]

     
  • GE Sees Gas Turbine Sales Gain Amid Saudis’ Solar Shift
     

    General Electric Co. GE predicts demand for its gas turbines will increase in Saudi Arabia, even with the kingdom working to supply a third of power needs from solar energy within the next two decades. Saudi Arabia already has 500 installed gas turbines from GE that generate about half its electricity, and the Middle Eastern […]

     
  • Modernity and tradition: Khalid Habash’s stunning photos of Saudi
     

    It is no secret that Saudi Arabia’s economy and society are modernizing at a remarkable pace. Already the Arab world’s largest economy, the Kingdom also has one of the world’s highest GDP growth rates.  Government spending is expansive and investment in infrastructure, education and numerous other sectors are at all time highs.  Soon to be […]

     
  • Confronting Tremendous Challenges: Prince Turki al-Faisal
     

    I think Saudi Arabia over the past 80 years has been going through an Arab Spring. When you look at the Kingdom when I was born in it for example, 1945, there were no schools in Saudi Arabia. There were no roads. Disease and poverty were the rule rather than the exception. Since then, the […]

     
  • US Eximbank OKs record-breaking $5 bln loan for Saudi petchem complex
     

    In its largest job-supporting authorization to date, the board of the Export-Import Bank of the United States (Ex-Im Bank) has approved a $4.975 billion direct loan to Sadara Chemical Company for the export of American goods and services required in the construction of a petrochemical complex in Jubail Industrial City II in the Kingdom of […]

     
  • Saudi restoration commemorates pact of princes, clerics
     

    Climb the rickety ladder through the Emir Omar bin Saud Palace courtyard in crumbling Diriyah and the image of old Saudi Arabia suddenly appears in an adobe roofscape set against dark green palms. The caramel tones of the mud walls, the smell of dust mingling with water and the muffled clanging of hammer on stone […]

     

MUST-READS

  • Ramadan 2024: Saudi Arabia spells out Iftar rules at Grand Mosque in Mecca

    Individual and group benefactors wishing to serve the Iftar meals during the upcoming Ramadan at Islam’s holiest site in Mecca have been requested to apply in line with specific rules. A Saudi state agency in charge of the Grand Mosque has noted that the would-be service providers will be able to select the Iftar site at the sprawling mosque electronically.

  • Attracting Foreign Scholars to Saudi Arabia

    Now, it is time for Saudi Arabia to establish its own scholarship program and showcase its capabilities. Saudi Arabia possesses comparable or superior resources to many other countries, and the kingdom needs to enact a comprehensive scholarship system that would welcome foreign professionals across various fields of study. This should be done in a well-organized and strategic manner, considering universities, training institutions, and private sector companies.

  • SoftBank to Create Industrial Robots for Saudi Arabia

    The robots created under the new SoftBank venture will be used for a range of manufacturing and assembly tasks and will “radically transform” the manufacturing industry. The partners will invest up to $150 million to establish a fully automated manufacturing and engineering hub in Riyadh that will serve local and global demand. Under the venture, the partners will build industrial robots based on intellectual property developed by SoftBank Group and its affiliates, according to a statement.

  • Saudi Arabia unveils new tax rules for the Regional Headquarters program

    Under the RHQ Tax Rules, RHQ entities established in Saudi Arabia that meet the relevant criteria are granted a 30-year renewable tax incentive of 0% corporate income tax (CIT) and 0% withholding tax (WHT). The WHT exemption applies to the following payments the RHQ makes to nonresidents: (i) dividends; (ii) payments to related persons; and (iii) payments to unrelated persons for services that are necessary for the RHQ's activities.

  • Saudi Arabia unveils Hajj media hub initiative

    Saudi Arabia plans to set up a media hub to facilitate coverage of the upcoming Hajj pilgrimage season, according to a senior government official. Saudi Media Minister Salman Al Dosary on Tuesday announced the launch of the Hajj Media Hub initiative aimed at providing a comprehensive media setting facilitating coverage of the annual congregation by local and foreign media.

  • Riyadh Season to host skiing festival with 500 tons of snow in Saudi Arabia

    Riyadh is braced for a big chill with 500 tons of snow for a major international skiing festival in Saudi Arabia. In the final week of February, Riyadh will host the SnowBlast KSA Cup, a snow skiing show and competition that blends artistry, creativity, and outdoor skill performance as part of the Riyadh Season events. The SnowBlast KSA Cup, held for the first time in the region, represents a unique global event.

  • Saudi Arabia’s Future Investment Initiative lands in Miami

    “The world feels like an increasingly troubled place, with violent conflicts, cost of living crises, climate change, AI uncertainties, pandemic threats and other big problems,” Richard Attias, CEO of the FII Institute, told Arab News. “And so, it has never been more important to convene leaders from investment, business and government to address the root causes and come up with practical answers.”

  • Tuition fees in Saudi Arabia lowest in GCC: NCLE CEO

    Saudi Arabia has a promising education industry. The number of the K-12 students grew 5% year-on-year (YoY) over the last five years, and private schools saw 13% growth YoY, Al-Khudair noted on the sidelines of the Saudi Capital Market Forum 2024. Education, like any other sector, has challenges, but the Ministry of Education and the private sector are aligned to address these challenges and enhance the industry on investment and educational levels, he said.

  • Commentary: Saudi Arabia Aligns with the PA, Sets Preconditions for Normalization with Israel

    During the Munich Security Conference on February 19, 2024, Saudi Foreign Minister Faisal bin Farhan emphasized the PA’s capability. “The Palestinian Authority is capable, with the support of the international community, of controlling the West Bank and Gaza Strip,” the Saudi foreign minister insisted, adding, “This requires a real path to establishing a Palestinian state.”

  • Al-Ibrahim: MBC Group is working on a global project of documenting history of Saudi Arabia

    Waleed Al-Ibrahim, chairman of the Board of Directors of the MBC Group and Al Arabiya Network, announced that the MBC Group is working on a giant project that aims to document the history of Saudi Arabia, starting from the first Saudi state until the present day. “This global project, which will be in segments, will be implemented spanning over a period of 12 years,” he said while attending a session titled “Media between the Past and the Present” at the 3rd Saudi Media Forum in Riyadh on Tuesday.