Analysis

TOURISM

Collier’s: Saudi Hotels Hit Hard by Coronavirus Impact, but Domestic Travel Initiatives will Drive Recovery by 4Q 2020

• SUSTG Team
• |
• 8. 17. 2020

Like in most other countries around the world, Saudi Arabia's travel and tourism sector has been hit hard by the Coronavirus as governments continue to introduce measures to slow its spread. A recent report by Collier's International highlights the severity of the impact.

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  Saudi Arabia’s King Salman Leaves Hospital, Sends Out Eid Message

  SUSTG Team  |  7. 31. 2020

• Labor

  

  Unemployment for Saudis Declines in Latest Labor Figures before Pandemic

  SUSTG Team  |  7. 14. 2020

  Saudi Arabia saw progress in employment for its nationals in the latest labor market figures for Q1 2020, with the General Authority for Statistics’ noting that unemployment among Saudi nationals declined to 11.8 percent in Q1 2020, down from 12 percent in Q4 2019, according to Jadwa Investment.

• Tourism

  

  Saudi Arabia to Launch Tourism Development Fund with an Initial $4 billion Investment

  SUSTG Team  |  6. 22. 2020

  Saudi Arabia plans to start a tourism development fund with an initial $4 billion investment, according to reports citing an announcement from the Ministry of Tourism.

• Labor

  

  1.2 million Expat Workers to Leave Saudi Arabia in 2020, Jadwa Estimates

  SUSTG Team  |  6. 16. 2020

  As many as 1.2 million foreign workers will leave the Saudi labor market in 2020, with an estimated 300,000 already gone this year, according to a recent labor market update by Jadwa Investment.

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  Saudi Aramco Completes Acquisition of 70% Stake in SABIC with Purchase of 2.1 Billion Shares on Tadawul

  SUSTG Team  |  6. 15. 2020

• Banking and Finance

  

  With a Bumpy Road Ahead in 2020, Saudi Banks are ‘Well Capitalized’, Executives told Reuters

  SUSTG Team  |  6. 4. 2020

  "Strong capital buffers" will help banks in Saudi Arabia push through a bumpy road ahead in the next few months, according to a Reuters report, which took a measurement of some of the industry's top CEOs.

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  Saudi Arabia’s NIDLP Sees Traction with $1.33b in Loans So Far

  SUSTG Team  |  5. 28. 2020

• Coronavirus

  

  Saudi Arabia to End Virus Curfews by June 21, Will Start ‘New Phase’ on Thursday May 28

  SUSTG Team  |  5. 26. 2020

  Saudi Arabia said Tuesday that it will begin to end its nationwide coronavirus curfew this week, and completely phase out the curfews by June 21, according to comments from the Kingdom's health minister Dr. Tawfig Al-Rabiah.

• Economy

  

  Kingdom Climbs in International Budget Transparency Index

  SUSTG Team  |  5. 1. 2020

  Saudi Arabia jumped 18 places in an index that measures the transparency of budgets worldwide as the Kingdom moves forward with economic and social reforms.