SUSTG.com / Research

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

Recent stories from sustg

  • Roads of Arabia at the Smithsonian’s Sackler in Washington
     

    In archaeology, Saudi Arabia has been something of a slow starter, but a Washington exhibition of more than 200 statues, funerary objects and other relics shows that the study of the region’s past has come of age. Saudi archaeology “really goes back only 40 years,” says Massumeh Farhad, chief curator and curator of Islamic art […]

     
  • Major natural gas find by Saudis. A shift ahead?
     

    Saudi Arabia has announced that they made a major new find in natural gas in the Red Sea. The Saudis are already ranked 5th in the world for their reserves of natural gas, but they are only ranked 9th in terms of production of the commodity. They account for about 3 percent of world natural gas production. Compared […]

     
  • Anne Habiby: Entrepreneurship and Job Creation in the Arab World
     

    In addition to featured speakers such as President Bill Clinton and Mr. Abdullah Alireza  the recent C3 Summit in New York City presented a number of compelling panel discussions addressing commercial and trade issues related to doing business in the MENA region. SUSTG has featured the remarks at this event of Abdullah Alireza (Global Economic […]

     
  • Saudi best in MidEast for doing business
     

    Saudi Arabia is the best country in the Middle East for doing business, according to a new study published by the World Bank. The Gulf kingdom, the world’s largest oil producer, was ranked 22nd globally in the ‘Doing Business 2013’ report, ahead of neighbour the UAE which placed 26th. Elsewhere in the GCC, Qatar came […]

     
  • The Saudi Economy: Still Shining
     

    A recently released October 2012 economic report by Jadwa Investment finds that a recent flow of data has been generally stronger than expected, and as a result of high oil production (which elevates the hydrocarbon sector growth to 6.1 percent for the year) Jadwa raises its projections for Saudi Arabia’s budget and current account surpluses. […]

     
  • Energy policy: What we need to talk about
     

    For starters, the United States is already over 80 percent (up from 70 percent a decade ago) self sufficient when it comes to energy production and use. We are routinely described as the Saudi Arabia of coal, and have the largest nuclear fleet in the world. We are the world’s largest natural gas producer and […]

     
  • 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, […]

     
  • Dubai and Saudi Chambers seek stronger ties
     

    To share expertise and best practice across the GCC region, Dubai Chamber of Commerce and Industry hosted a delegation led by the Council of Saudi Chambers at its head office recently. The group of 17 senior officials from various Saudi chambers of commerce, led by Omar A. Bahlaiwa, Secretary General of the Council of Saudi […]

     
  • 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 […]

     

MUST-READS

  • Saudi Arabia announces major labour law changes; maternity leave extended, new notice rules, more paid leave

    Wide ranging changes include the extension of maternity leave, paid leave for the death of a sibling and defined notice periods for indefinite contracts. The Ministry of Human Resources and Social Development indicated that the recent amendments to several articles of the labour law, approved by the Cabinet session on Tuesday, August 6, will contribute to creating a more attractive work environment for employees and achieving sustainable development, in line with the goals of Saudi Vision 2030.

  • Saudi Arabia mitigates environmental damage by recycling 100,000 electronic devices

     Saudi Arabia has managed to recycle more than 100,000 electronic devices so as to reduce their environmental damage and build a sustainable digital future that supports efficient use of resources. The Kingdom’s collaborative efforts with the International Telecommunication Union (ITU) to develop e-waste management regulations in three countries stand out with the aim of turning major challenges into opportunities and helping these countries adopt the best sustainable solutions.

  • Saudi Arabia is now self-sufficient in fig production, says agriculture ministry

    Saudi Arabia has achieved self-sufficiency in fig production, with annual output exceeding 28,000 tonnes on 1,421 hectares of land across the country, the Ministry of Environment, Water and Agriculture has announced. In a statement posted on its website over the weekend, the MEWA said Jazan and Riyadh are the biggest producers with annual production in tonnes of 9,906 and 8,010, respectively.

  • Minister Al-Sheikh hails Saudi leadership for championing moderate Islam and combating extremism

    Ministers of Islamic affairs and endowments as well as muftis, heads of Islamic councils, associations and institutions from 60 countries are taking part in the 9th Conference of Ministers of Endowments and Islamic Affairs from Islamic Countries, which began in Makkah on Sunday. The Saudi Ministry of Islamic Affairs, Call and Guidance, is hosting the conference under the theme of “the role of ministries of endowments and Islamic affairs in promoting and consolidating the principles and the values of moderation.”

  • Saudi Arabia welcomes 27 million visitors in 2023, with GCC tourists contributing $4 billion

    Saudi Arabia’s tourism sector saw exceptional growth in 2023, with 8.6 million visitors from GCC countries alone contributing $4 billion to the kingdom’s economy, according to the Ministry of Tourism. Bahrain led as the top GCC source market with 3.4 million tourists, followed by Kuwait with 2.3 million, the UAE with 1.4 million, Qatar with 1.1 million, and Oman with 455,000 visitors.

  • Market value of listed Saudi companies falls by $47.03bln, impacted by sharp drop in global markets

    The shares of 223 Tadawul listed Saudi companies declined at the end of their trading on Sunday. This is in the first trading session after the collapse recorded by global markets at the end of their weekly trading, coinciding with the decline in oil prices by more than three percent.

  • Saudis joining private sector doubled to over 34600 in July

    The number of Saudi citizens joining the private sector for the first time doubled in July to exceed 34600 citizens, compared to 16500 in June. This figure shows their number increased more than two times within just one month. A recent report, released by the National Labor Observatory, revealed that the total number of workers in the private sector reached 11.473 million last month, compared to 11.409 million workers in the previous month of June, while the number of citizens exceeded 2.342 million, compared to 2.340 million in June.

  • Saudi cities announce 57 investment opportunities for commercial and residential sectors

    Saudi Arabia’s Hail, Qassim, and Asir municipalities have launched 57 new investment opportunities across various sectors such as entertainment, sports, commercial, and residential. The purpose of this initiative is to boost economic development, promote the private sector and improve the living standard within these regions.  

  • Lucid Gets Another $1.5 Billion Lifeline From Saudi Arabia

    The new funding is critical because Lucid, like fellow startup Rivian, has been burning through hundreds of millions of dollars every quarter. It sells the impressive Air sedan, but not in high enough volumes to cover its enormous costs. Lucid on Monday also reaffirmed its target of making 9,000 Airs this year, only slightly more than 2023.

  • Saudi Arabia awards $31.7 billion Contracts in First Quarter 2024

    The value of awarded contracts witnessed an astounding surge during Q1’24 as the value reached SAR118.8 billion ($31.7 billion). This continues the impressive pace that was witnessed in 2023, which finished the year with SAR270.6 billion ($72.2 billion) in awarded contracts. The value of awarded contracts during Q1’24 grew by 79 percent YoY and marks the second highest value during a quarter on record since Q3’15, when it reached SAR147.1 billion ($39.2 billion).