SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Nearly 1.5 million foreign pilgrims have arrived in Saudi Arabia so far for annual Hajj pilgrimage

    Muslim pilgrims streamed into the holy city of Mecca on Friday ahead of the start of Hajj next week, as the annual pilgrimage returns to its monumental scale after three years of heavy restrictions because of the coronavirus pandemic. Saudi officials say close to 1.5 million foreign pilgrims have arrived in the country so far, the vast majority by air. More are expected, and hundreds of thousands of Saudis and others living in Saudi Arabia will also join them when the pilgrimage officially begins on Monday.

  • Saudi Arabia: A Century’s Experience in Crowd Management

    However, the situation is different at the host country of the biggest religious gathering on earth, Saudi Arabia, whose authorities have been running the Muslim Hajj pilgrimage for the past 100 years, and where numbers reach up to 3 million pilgrims from 193 countries, including senior citizens, people with disabilities, and children in an area measuring 33 km2 in only six days.

  • Saudi Arabia: A Century’s Experience in Crowd Management

    However, the situation is different at the host country of the biggest religious gathering on earth, Saudi Arabia, whose authorities have been running the Muslim Hajj pilgrimage for the past 100 years, and where numbers reach up to 3 million pilgrims from 193 countries, including senior citizens, people with disabilities, and children in an area measuring 33 km2 in only six days.

  • Summer transfer window: The biggest moves so far as Saudi Arabia becomes major factor

    The transfer window for clubs in England and Scotland opened on June 14, but clubs will not be able to sign players from abroad until the international window opens on July 1. All of Europe’s top five leagues close their transfer windows on September 1.

  • Saudi Arabia Fashion Talents Land in Paris With Emerge Showcase

    The showcase — which highlighted the works of Torba Studio, Hindamme, Mazrood, Noble & Fresh, 1886, and Not Boring — was accompanied by a performance by the dance duo Les Gamal, Saudi female rapper Beast, and the London-based Laughta, as well as musicians from the National Orchestra invited by the Music Commission.

  • Saudi Arabia’s PIF-Backed Oil Driller Ades Gets Nod for $1 Billion Riyadh IPO

    Stock offerings in Saudi Arabia look set to pick up pace after slowing in the first half of the year, with two new deals for an oil driller backed by the kingdom’s sovereign wealth fund and an air cargo business being given regulatory approval. Ades Holding, the oil and gas driller backed by the Public Investment Fund, and SAL Saudi Logistics, were both granted approval to sell 30% stakes to the public, the kingdom’s Capital Market Authority said Wednesday. The Ades deal could raise about $1 billion, making it one of the largest Saudi offerings of the year.

  • Bahrain’s Mumtalakat extends McLaren group stake in purchase from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management

    Bahrain's state investment fund Mumtalakat said on Thursday it has bought the senior preference shareholder stakes in McLaren Group, as part of a proposed broader restructuring. The move will expand Mumtalakat's majority stake in McLaren, which includes the British supercar maker and McLaren Racing.

  • Saudi Arabia records 40% increase in average precipitation

    The average precipitation in Saudi Arabia witnessed an increase of 40% reaching 110mm, the highest in 40 years, the Ministry of Environment, Water and Agriculture (MEWA) has said. The MEWA report is based on precipitation recorded in different Saudi regions for three years since 2020 during the rainy season that starts in October. MEWA revealed the weather details at a meeting under the name of "Analysing the rainfall condition for the year 1444 AH, and its impact on water sources", during which it reviewed the outputs of the hydrological network and periodic monitoring wells.

  • Raids, executions as Saudi Arabia wages war on drugs

    "I don't deal with new clients or go to the clients myself," said the 37-year-old, using a pseudonym to protect his identity. "They have to take on the risk," he told AFP from the Red Sea city of Jeddah, weeks after several of his customers were arrested. Ibrahim is on the front lines of a war on drugs in Saudi Arabia, which has seen an influx of the addictive amphetamine captagon flooding in from war-torn Syria and Lebanon.

  • Jamjoom Pharmaceuticals Soars in Debut After Saudi Arabia’s Biggest IPO of 2023

    Jamjoom Pharmaceuticals Factory Co. rose by the maximum allowed in its trading debut after the generic drugmaker pulled off the largest initial public offering in Saudi Arabia this year. The stock gained as much as 30% by 10:10 a.m. in Riyadh. In May, the company’s owners raised 1.26 billion riyals ($336 million) after the shares were priced at the top end of the range at 60 riyals each. The listing, the largest in the kingdom since Saudi Aramco Base Oil Co. raised $1.3 billion in December, has served as a gauge of investor appetite as Saudi Arabia’s IPO market slowly comes back to life.