SUSTG.com / Research
Discover stories, topics, and more about Saudi Arebia faster.
Recent stories from sustg
-
Goldman Sachs Raises Expectations for Saudi Arabia’s Oil Production and Economic Growth – Report
- June 15,2021
•
- SUSTG Team
According to a report in Bloomberg, Goldman Sachs Group Inc. raised its expectations for Saudi Arabia’s oil production and economic growth in 2021 as crude prices soared over $70 a barrel this week and pandemic-related lockdowns continued to ease.
-
For Second Straight Year, Saudi Arabia Puts Safety First with Plans for Scaled Back Hajj in 2021
- June 14,2021
•
- SUSTG Team
Saudi Arabia announced over the weekend that this year’s Hajj pilgrimage will be limited to no more than 60,000 people, all of them from within the kingdom, as authorities seek to build on progress combatting the ongoing coronavirus pandemic.
-
Shoura Council Calls on Saudi Body to Study Expanding Foreign Ownership of Saudi Land
- June 11,2021
•
- SUSTG Team
Saudi Arabia’s Shoura Council has called on the Kingdom’s Real Estate General Authority “to coordinate with the relevant authorities to study its proposal allowing non-resident foreign individuals to own real estate in Saudi Arabia amid specific controls,” the local Saudi Gazette reports.
-
Saudi Arabia’s Massive Public Investment Fund Appoints Two Deputy Governors to Fuel Expansion
- June 8,2021
•
- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) said on Tuesday it has established two deputy governor roles to support the $430 billion fund’s continued growth and expansion, several outlets report. Turki Bin Abdulrahman Alnowaiser, who heads PIF’s International Investments Division, and Yazeed Bin Abdulrahman Alhumied, who leads PIF’s MENA Investments Division, will take […]
-
Flurry of New Deals Builds on Early 2021 Momentum for Saudi Venture Capital
- June 7,2021
•
- SUSTG Team
Saudi Arabia’s venture capital scene continues to grow at an impressive clip as new deals and investments into Saudi companies – or by Saudi venture firms – builds on early growth so far in 2021.
-
Saudi Arabia’s Economy Jolts to Life as New Economic Data Shows ‘Significant’ Increase in PMI, Non-Oil Exports
- June 2,2021
•
- SUSTG Team
Saudi Arabia saw a significant increase in non-oil PMI in April 2021 as both business activity and new orders grew at a faster rate, Jadwa Investment’s recently-released Chartbook for the month said.
-
OPEC+ Believes Glut Created with Pandemic ‘Nearly Gone’, Sees Stockpiles Diminishing Rapidly in 2021 – Report
- June 1,2021
•
- SUSTG Team
The so-called OPEC+ coalition of oil-producing nations lead by Saudi Arabia and Russia is “expecting world oil markets to get acutely tight” in 2021, a year after taking the unprecedented steps of slashing production in the face of weak demand created by the Coronavirus pandemic, Bloomberg reports.
-
Kingdom Registers Surge in SME Contribution to GDP, a Top Goal of Vision 2030
- May 31,2021
•
- SUSTG Team
The contribution of Small to Medium Enterprise businesses (SMEs) in Saudi Arabia to the Kingdom’s overall GDP has surged 45% since the launch of Vision 2030, according to a report in Zawya, citing official government data.
-
With Pandemic Waning, Saudi Arabia Set to Resume Tourism Ambitions
- May 27,2021
•
- SUSTG Team
Saudi Arabia plans to resume tourist visas “very soon” after suspending them months ago because of the coronavirus, a Saudi official told Bloomberg, as the Kingdom looks to resume its drive to attract tourists to visit historical sites and new attractions.
-
Saudi Arabia’s ACWA Power Begins Construction on South Africa’s Largest Renewable Project
- May 13,2021
•
- SUSTG Team
Saudi-based ACWA Power has announced the start of construction on the 100MW Redstone solar thermal project in South Africa following financial close of the deal, according to reports.
- 10 of 814 results<< 1 … 27 28 29 30 31 … 82 >>
MUST-READS
-
Saudi non-oil sector business surges to ‘highest levels in a year’
A recent surge in new orders has meant business conditions in the Kingdom’s non-oil sectors have risen to the highest levels in more than a year. According to the latest monthly IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI), the rating for December was 57, up from 54.7 in November, and the highest level since November 2019. Any figure greater than 50 indicates overall improvement in the sector.
-
Saudi, UAE Business Conditions Improve, Though Employment Falls
Purchasing Managers’ Index surveys compiled by IHS Markit in December for the two Gulf nations rose above the threshold of 50 that separates growth from contraction. In Saudi Arabia, the gauge rose to the highest since November 2019, driven by an increase in output and new business.
-
Facebook: Saudi small businesses upbeat about future as online sales rise
The survey found that 56 percent of companies in the UAE, 38 percent in Saudi Arabia and 61 percent in Egypt said their sales were down compared to the same period last year.
-
The business of localization: Insights for success in the Saudi renewables market
The Local Content and Government Procurement Authority (LCGPA) was created and authorized in 2018 to define a more sophisticated and consolidated methodology to evaluate localization. LCGPA aimed for an overarching scheme across sectors and developed a system called the Local Content Mechanism (LCM). LCM is being used for the second and the third rounds of REPDO tenders.
-
Foreign investors free to sit on Saudi business chamber boards
Under the new plans, the old Council of Chambers will become the Chambers Association and the changes will also see the creation of a supervisory body to monitor performance, while allowing the holding of meetings and voting through electronic means.
-
Sabic Is Said to Weigh IPO of Specialty Chemicals Business
The company has no current plans to borrow and will focus on “liabilities and capex and managing costs” over the next year, Sabic Chief Executive Officer Yousef Al-Benyan said in a Bloomberg TV interview last month.
-
Saudi’s SAFCO acquires agri-nutrients business from SABIC
“The deal is a clear strategic attempt to create a national champion and a global leader in agrinutrients,” SABIC Chief Executive Yousef al-Benyan told reporters in a virtual press conference.
-
Saudi Arabia Businesses May Finally Adopt Digital Travel Booking Due to Pandemic
“Companies have taken a step back to look at how they can cut costs, across the board, to stay alive. If we tell them we’re going to give them a tool that we can cut your travel budget by 20 or 30 percent … the pandemic gives those companies an incentive to look at getting rid of the old ways.”
-
Parent company of Saudi Binladin Group outlines new business plan
Saudi Arabia's government, through its finance ministry, has taken a 36.22 per cent stake in the holding company, with the remaining 63.78 per cent owned by the Binladin Company for Development and Commercial Investment. Houlihan Lokey, a US-based investment bank with an expertise in restructuring, has also been appointed to work on the group's recapitalisation.
-
Saudi, Egypt Business Activity Improves as UAE Dealt Setback
Maintaining the rebound across the three economies will be a challenge as tough new restrictions are imposed around the world to contain Covid-19. For Saudi Arabia, the region’s largest economy, employment numbers dropped at the fastest rate since June and there were “fresh concerns” about the pace of recovery from the virus outbreak, according to IHS Markit.
- 10 of 598 results<< 1 … 28 29 30 … 60 >>
