SUSTG.com / Research
Discover stories, topics, and more about Saudi Arebia faster.
Recent stories from sustg
-
‘The Worst May be Over for Saudi Economy’ as GDP Growth Returns
- July 2,2018
•
- SUSTG Team
Rising oil prices and a surge in the non-crude sector jolted the Saudi economy back to life in the first quarter of this year, according to reports, as economists and analysts say the worst might be over for the Kingdom after enacting tough but needed economic reforms. The Kingdom’s GDP grew for the first time […]
-
Saudi, UAE, Kuwait to Support Bahrain Economy after Downturn
- June 27,2018
•
- SUSTG Team
Saudi Arabia, Kuwait and the United Arab Emirates will soon announce an “integrated program” to support Bahrain’s economic reforms and its fiscal stability, Reuters reports, citing a joint statement from the three Gulf states on Tuesday. Like other oil producing nations whose state finances are closely tied to oil prices, Bahrain’s economy was hit hard […]
-
Saudi Arabia’s Central Bank Sees Reserves Soar on High Oil Prices
- May 29,2018
•
- SUSTG Team
Saudi Arabia’s central bank foreign reserves rose last month at their fastest rate for four years, Reuters reports on official data revealed on Monday. The $13.3 billion month-on-month increase in reserves to $498.9 billion in April is the highest level reached in over year and reveals “the extent to which a rebound in oil prices is […]
-
Report: Saudi Binladin Group (SBG) to be Renamed and Resized after Rough Decade, Graft Allegations
- May 24,2018
•
- SUSTG Team
The one time leader in Saudi Arabia’s construction market, Saudi Binladin Group, will be slimmed down and renamed, according to an exclusive Reuters report, which cited six sources familiar with the matter. The government seized management control of the construction giant from the chairman and other family members after they were detained in anti-graft arrests last […]
-
Oil Hits $80 for First Time in Three Years, Saudis Consulting Other Producers on Supply
- May 18,2018
•
- SUSTG Team
The price of oil reached $80 on the Brent Crude Index this week for the first time in three years, prompting Saudi Arabia’s powerful Minister of Energy Khalid Al-Falih to tweet a message urging coordinated action to allay supply “anxiety,” according to reports. Al-Falih said in a Twitter post that he had called his counterparts […]
-
Saudi World Cup Squad Beats Greece in Friendly, Will Play Cup Host Russia on June 14
- May 16,2018
•
- SUSTG Team
Saudi Arabia’s World Cup squad won a friendly match against Greece 2-0 on Tuesday as the Kingdom sets its sights on its first tournament bid since since 2006. ESPN.com has an excellent breakdown of the Saudi team and how it got to secure its first World Cup bid in over a decade, since failing to qualify […]
-
New Tax Gains Redistributed to Support Saudi Safety Net but Takes Toll on Balance Sheet, Report Says
- May 10,2018
•
- SUSTG Team
New tax earnings for Saudi Arabia’s government were offset by expenditures toward programs comprising the Kingdom’s safety net for lower income citizens, according to a Bloomberg report which cited Ministry of Finance figures. The increase in the kingdom’s spending on wages and social benefits during the first quarter “exceeded what it accrued through higher taxes […]
-
Saudi Arabia Applauds Trump Decision on Iran Nuclear Deal
- May 9,2018
•
- SUSTG Team
Saudi Arabia has embraced President Trump’s decision yesterday to pull the United States out of the JCPoA, the agreement to curb Iran’s nuclear ambitions by offering sanctions relief in exchange for Iran’s compliance with non-proliferation standards, according to statements made by top Saudi officials and the Saudi Press Agency. As the chief rival of Iran in […]
-
Saudi Arabia Launches $13b ‘Quality of Life 2020’ Program to Promote Entertainment, Health, and Sports
- May 4,2018
•
- SUSTG Team
At a ceremony in Riyadh yesterday, the Kingdom unveiled its plans to spend 50 billion riyals ($13.33 billion) by 2020 on a new ‘Quality of Life 2020’ initiative to promote entertainment, health, sports and education as part of a modernizing drive by Crown Prince Mohammed bin Salman, according to Reuters. The program, which aims to generate 300,000 […]
-
Oxford Business Group Survey of CEOs finds Confidence high in Saudi Arabia
- May 3,2018
•
- SUSTG Team
Executives have welcomed signs that change is afoot in Saudi Arabia, although many are also keen for the pace of economic reforms to be accelerated, a new survey by the Oxford Business Group finds. As part of its second survey on the Kingdom, the global research and consultancy firm asked over 100 C-suite executives from […]
- 10 of 661 results<< 1 … 35 36 37 38 39 … 67 >>
MUST-READS
-
US completes drawdown to fewer than 3,000 troops in Iraq
The U.S. military has completed its drawdown from about 5,200 to fewer than 3,000 troops in Iraq, said Army Col. Wayne Marotto, a spokesman for the U.S.-led coalition fighting ISIS in Iraq and Syria. Marine Gen. Kenneth McKenzie Jr., head of U.S. Central Command, first announced on Sept. 9 that the reduction of U.S. forces in Iraq was expected to be completed by the end of the month.
-
Sole survivor? Saudi Aramco doubles down on oil to outlast rivals
The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked and the time for a global energy transition has come.
-
Pentagon Downplays National Security Concerns From Trump’s Diagnosis
“There’s been no change to DoD alert levels,” top Pentagon spokesman Jonathan Hoffman said in a statement issued Friday morning. “The U.S. military stands ready to defend our country and interests. There’s no change to the readiness or capability of our armed forces. Our national command and control structure is in no way affected by this announcement.”
-
Saudi authorities crack down on 30,000 rental contract violations
Inspection teams from the Saudi Ministry of Housing carried out more than 21,000 field trips from the beginning of 2020 until the end of September. “Only attested e-contracts will be linked to business licenses after October 4,” the ministry said. The move ensures holders of commercial rental contracts will be able to more easily renew municipal licenses.
-
FIFA eWorld Cup 2020: Saudi Najd breaking down barriers
The popularity of competitive FIFA has continued to grow in recent years in Saudi Arabia, which now has its first winner of a major female FIFA20 title. This July, Najd Fahd became the inaugural winner of FISU eSports Challenge’s female tournament after she beat Brazilian Alexssandra Batista 8-0 in the final. Having won her first FIFA20 title, Fahd now aspires to follow in the footsteps of Alshehri and Aldossary.
-
Perspective – Oil Heavyweights Saudi Arabia, Russia Look Ready for a Showdown
Renewed restrictions on travel and social gatherings across Europe, along with the tapering of state support packages for companies, are having a chilling effect on demand for crude, just as the OPEC+ group of oil producers, who cut production by a record 9.7 million barrels a day in May, begin to contemplate the next easing of limits on their output. We should all remember what happened last time they couldn’t agree on what to do.
-
Acting Lebanese prime minister Mustapha Adib steps down, deepening political crisis
Lebanon's prime minister designate stepped down Saturday, a setback for efforts to form a new government in the crisis-torn country and possibly imperiling a conditional promise of financial assistance from France.
-
Jewish High Holidays clash with COVID-19 lockdown in Israel
Naftali Herstik still remembers the first time he “stood beside the pillar,” meaning that he led Rosh Hashanah services from the central synagogue lectern at which a cantor chants the liturgy. It was 69 years ago, and he was 4½ years old. The heir of a long dynasty of cantors and rabbis, Herstik was already a famed child prodigy and had accompanied his father at previous celebrations.
-
With Coronavirus on the Rampage, Israel Tightens Holiday Lockdown
The Israeli government said on Thursday that it was tightening its second national lockdown after coronavirus infection rates soared this week to about 7,000 new cases a day, among the highest in the world. The new measures, which go into effect on Friday, will remain in place at least until the end of the Jewish High Holy Days in mid-October. Most businesses and workplaces will have to close, and all gatherings, including protests and communal prayers, will be restricted to groups of up to 20 people outdoors within about 1,100 yards of home.
-
Kuwait Gets First Moody’s Downgrade Over ‘Liquidity Risks’
Kuwait was downgraded for the first time by Moody’s Investors Service, a decision the ratings agency said reflects the increase in the government’s “liquidity risks.” The sovereign credit rating was cut two levels to A1, the fifth-highest investment-grade level and on par with China and Saudi Arabia, according to a statement on Tuesday. Moody’s now ranks Kuwait two steps lower than Fitch Ratings and one below S&P Global Ratings, which lowered its own assessment of the country in March for the first time ever.
- 10 of 912 results<< 1 … 36 37 38 … 92 >>