Analysis

SAUDI ECONOMY

News Analysis: In Push for Diversified Economy, Saudis Share in Sacrifice

• Lucien Zeigler
• |
• 9. 28. 2016

With the decision to suspend pay increases for public sector employees and slash Minister-level pay and benefits, Saudi Arabia’s government is sending a message that all Saudis will share in the sacrifice to rein in government spending and balance the budget.

• Construction Sector

  

  Saudi Binladin Group Says Government Resumes Payment of Dues

  SUSTG Team  |  9. 23. 2016

  Saudi finance ministry has resumed payments to Saudi Binladin Group (SBG), the kingdom's biggest construction firm, for its work on government projects, according to a Reuters report which cited a local newspaper. The positive news for SBG and its employees comes at a critical time for the company.

• C3 Summit

  

  Event Alert: King of Bahrain, Secretary Kissinger, Gen. David Petraeus Headline C3 Business Summit in New York

  SUSTG Team  |  9. 22. 2016

  SUSTG readers receive FREE registration by using special code "sustg" (no quotes) upon registration.

• U.S.-Saudi Military Sales

  

  Senate Votes Down Proposal to Block U.S. Arms Sale to Saudi Arabia

  Lucien Zeigler  |  9. 22. 2016

  The Senate Wednesday rejected a bipartisan proposal to block a pending $1.15 billion United States arms sale to Saudi Arabia.

• JASTA

  

  Washington Post Editorial: Obama Right to Veto JASTA

  SUSTG Team  |  9. 16. 2016

  An editorial in today's edition of the Washington Post calls for President Obama to veto the Justice Against Sponsors of Terrorism Act (JASTA) which reduces foreign sovereign immunity.

• Saudi Debt

  

  Asian Banks Said to Have ‘Intense Interest’ in First Saudi Foreign Debt Issuance, Reports Say

  SUSTG Team  |  9. 1. 2016

  Saudi Arabia is seeing "intense interest" in its first international bond sale of $15 billion and is considering further issuances given the current appetite, according to a report today in the Financial Times.

• Contemporary Saudi Art

  

  Contemporary Saudi Art Exhibit Continues Tour of America

  SUSTG Team  |  8. 24. 2016

  An exhibit of contemporary art by Saudis continues its tour of the United States in San Francisco following successful shows in Houston, Texas and Aspen, Colorado.

• Saudi Capital Market Authority

  

  Saudi CMA Presses on Adoption of International Financial Reporting Standards

  SUSTG Team  |  8. 22. 2016

  According to the Saudi Gazette, the CMA has laid out the specific time-frame and requirements for all companies listed on the Tadawul to disclose their adoption of International Financial Reporting Standards. The deadline is January 1, 2017.

• Saudi Women Olympians

  

  Social Media Lights Up after First Saudi Woman Competes in 100m in Rio

  SUSTG Team  |  8. 15. 2016

  Saudi Sprinter Kariman Abuljadayel made history as the first woman ever to compete in the 100m dash in the Olympics at Rio, and she did it covered from head-to-toe.

• Investment in Saudi Arabia

  

  Amended Rules Increasing Foreign Investor Access to Saudi Stock Market Approved

  SUSTG Team  |  8. 11. 2016

  Saudi Arabia's Capital Market Authority (CMA) Board has approved changes to rules that regulate what type of foreign investor can enter into the Saudi stock market.