Recent stories from sustg

• #FocusKSA: SUSTG Speaks with Sharif Atta of SQM Frontier Management on the Opening of the Saudi Stock Market to Wider Foreign Investment
  • March 4,2015

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  • SUSTG Team
   

  Sharif Atta of SQM Frontier Management speaks with SUSTG’s Richard Wilson on the opening of the Tadawul, or Saudi Stock Market, to wider foreign investment this Spring. The conversation is part of SUSTG and SUSRIS’ ongoing #FocusKSA discussions on Saudi Arabia.    

   
• ‘Subtle Change of Energy Policymaker Line-Up’ Gives King Salman Firm Hand on Energy Policy, Report Says
  • March 3,2015

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  • SUSTG Team
   

  When Saudi Arabia’s King Salman announced a shake-up of leadership shortly after ascending to the throne in January, one of the Kingdom’s most powerful positions – Minister of Petroleum and Natural Resources – was left unchanged. Ali Al Naimi has been Minister for 20 years, and was CEO and President of Saudi Aramco for 12 years before […]

   
• Tadawul Up 11.2 Percent This Year, Funds Seen as Increasingly Bullish on Saudi Arabian Equities
  • February 26,2015

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  • SUSTG Team
   

  After a rough second half of 2014, Saudi Arabia’s stock market, the Tadawul or TASI, has begun a bounce-back. The bourse is up 11.2 percent this year, and a recent Reuters survey of regional asset managers found bullishness in those polled about Saudi Arabia equities and the Tadawul. The current gains in Riyadh are the […]

   
• King Salman’s Cash Payments Give One-Off Jolt to Saudi Economy
  • February 25,2015

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  • Lucien Zeigler
   

  After the death of King Abdullah and the smooth succession to Saudi Arabia’s new King Salman, the new Custodian of the Two Holy Mosques announced a one-off $32.3 billion spend of two months of wages and other cash handouts to Saudi citizens, government employees, soldiers, pensioners and students on government stipends at home and abroad. After the announcement, […]

   
• Jadwa Investment: Healthy Growth in Consumer Spending; Strong Consumption Growth in 2015 Likely
  • February 18,2015

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  • SUSTG Team
   

  A recently released note by Riyadh-based Jadwa Investment predicts strong growth in consumer spending on the back of recent spending announced in Royal Decrees. Jadwa: “December data showed healthy growth in both cash withdrawals from ATMs and point of sale transaction. Consumption growth in 2015 is likely to be strong following the recent Royal decrees. […]

   
• Despite Falling Oil Prices, Saudi-Dow Chemical $20 Billion Chemical Plant Going Ahead
  • February 17,2015

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  • Lucien Zeigler
   

  Despite a significant fall in oil prices since July 2014, Saudi Arabia’s joint venture partnership with Dow Chemical to build a $20 billion chemicals plant is going forward with an estimated completion date at full output of 2017, according to a report in Bloomberg based on comments made by a company official in Dubai. The ambitious […]

   
• Ashmore: New Saudi State Spending Announced Under King Salman Estimated at $32.3b
  • February 3,2015

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  • SUSTG Team
   

  In a recently released note from Ashmore Group, the investment firm estimated new spending announced by King Salman at $32.3 billion, with 80% of that as current spending and $5.3 billion in capital expenditure over several years. The figure, an estimate, noted that this new expenditure comprises 4.4% of estimated Saudi GDP at $732 billion. “The majority […]

   
• King Salman Restructures Government with Major Changes to Ministers and Other Government Bodies
  • January 30,2015

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  • SUSTG Team
   

  Yesterday, Saudi Arabia’s new King Salman issued a series of royal decrees that restructure the government ministers, “eliminating numerous government bodies, establishing new government bodies and merging the Ministry of Higher Education and the Ministry of Education and much more,” SUSRIS reports.  Of the 8 Minsters that were appointed by King Abdullah less than two months ago, […]

   
• Jadwa’s Quarterly Oil Market Update for Q4 2014 Finds ‘Clear’ Strategy to Maintain Market Share
  • January 28,2015

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  • SUSTG Team
   

  In a recently released note by Riyadh-based Jadwa Investment, the bank finds a “clear” Saudi strategy to maintain market share with pressures on prices expected in Q1 2015. “Global oil balances will increase in Q1 2015 as oil demand remains subdued but oil supply continues to expand from the US, Russia and Iraq. All of this […]

   
• Discovering Business in Saudi Arabia 2014-2015
  • January 27,2015

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  • SUSTG Team
   

  The Saudi-British Relations Information Service (SBRIS), shares with its readers the 2014-2015 Discovering Business handbook published by Allurentis Ltd, in association with UK Trade and Investment and the Saudi Committee for International Trade. The report series, now available on SBRIS in three sections with more forthcoming, highlights key sectors and provides important, in-depth data on the […]

   
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