SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Turkey Hikes Fuel Tax by 200% to Finance Earthquake Damages

    The increase will help meet financing needs stemming from the deadly February earthquakes and allow the Treasury Ministry to maintain strong cash reserves, according to a ministry statement. The earthquakes caused more than $100 billion in damages, the government estimates.

  • Chart: World Sees Record Heat Waves

    According to preliminary data from the World Meteorological Organization (WMO), the world has just experienced the hottest week on record (average July 3-9). This follows the hottest June on record. At a regional scale, absolute temperature records are being broken around the globe, as shown in our map featuring a non-exhaustive selection of national (and/or continental) records set since 2017.

  • Chart: Turkey Makes Way for Sweden’s NATO Accession

    In April, Finland became the latest member of the military alliance comprised of 29 European nations, Canada and the United States. Finland's accession roughly doubled NATO's border with Russia, which threatened to take "counter-measures" and described the accession as an "encroachment on Russia's security and national interests."

  • Saudi Arabia announces start of new Umrah season for GCC citizens and residents

    Saudi Arabia’s Ministry of Hajj and Umrah announced on Tuesday the start of the new Umrah season for citizens and residents of Gulf Cooperation Council countries including the Kingdom. Citizens and residents of GCC countries are now able to apply for an Umrah permit via the Nusuk or Tawakkalna applications after the successful end of this year’s Hajj season. The Nusuk application can be used to obtain the necessary permits to perform Umrah and visit the Holy Rawdah in the Prophet’s Mosque in Madinah, while Tawakkalna ensures that the applicant meets the necessary health requirements.

  • Saudi Arabia’s Oil Production Cuts Are Quietly Starting to Bite

    “To me, it looks like the start of the hot summer in the crude market,” said Jorge Leon, senior vice president of oil market research at Rystad Energy. “It is the tipping point the market was expecting. Fundamentals are finally starting to drive the market.”

  • Smart and Sustainable: The Gulf Goes All in on Tech Cities

    In the Gulf, smart, sustainability-focused city agendas are being implemented on multiple levels: within existing cities, with the development of subcities within cities, and with the development of new cities in remote locations.

  • Saudi Arabia Smart Cities Market is poised to reach USD 14,745.2 Million, growing at a 19.6% CAGR by 2027

    As per the report, the Saudi Arabia smart cities market size was pegged at $3.55 billion in 2019, and is projected to reach $14.74 billion by 2027, growing at a CAGR of 19.6% from 2020 to 2027. Rise in efforts to minimize oil dependency, proactive smart city initiatives, and surge in investments by government have boosted the growth of the Saudi Arabia smart cities industry. However, data security & private concerns with smart cities hinder the market growth. On the contrary, the environmental friendliness of smart cities and technological advancements in IoT and cloud technologies are expected to open lucrative opportunities for the market players in the future.

  • Saudi officials thwart attempt to smuggle over 170,000 Captagon pills in Jeddah

    Saudi authorities on Friday thwarted an attempt to smuggle 178,274 captagon pills into the Kingdom, the official Saudi Press Agency (SPA) reported. For all the latest headlines follow our Google News channel online or via the app. The pills were found hidden in a shipment of beehive boxes at King Abdulaziz International Airport in Jeddah. Two people have been arrested, SPA added.

  • Chart: Saudi Arabia’s European Soccer Shopping Spree

    Saudi Arabian clubs' European shopping spree has not been limited to players, either. Following on from former Spurs manager Nuno Espírito Santo's move to Al-Ittihad last year, Liverpool legend Steven Gerrard joined Al-Ettifaq as head coach this week.

  • Saudi Arabia Imposes New Economic Participation Policy

    The EP policy, which was released with little warning and without public consultation, applies to government contracts in which the value of imported goods and services exceeds SAR 100 million (~$27 million). To be eligible to bid on such contracts, companies must demonstrate that their level of local “economic participation” will equal at least 35 percent of the value of imported content.