Analysis

SIDF

Saudi Industrial Development Fund Launches Near $1 billion Stimulus Package for Saudi Private Sector for Coronavirus Aid

• SUSTG Team
• |
• 6. 17. 2020

The Saudi Industrial Development Fund (SIDF) said on Tuesday it launched initiatives totaling 3.7 billion riyals ($986.40 million) to support private sector industrial enterprises impacted by the coronavirus pandemic, Reuters reports.

• Security

  

  Saudi Embassy Issues Statement on Investigation Findings of the December 6th Pensacola Naval Air Station Attack

  SUSTG Team  |  5. 19. 2020

  The Saudi embassy in Washington, D.C. issued a statement following yesterday's release of findings by the Justice Department and the FBI, in which Attorney General William P. Barr and FBI Director Christopher Wray announced "significant developments" in the FBI’s investigation.

• Binladen Group

  

  Report: Saudi Binladin Seeks Advisor for Financial Overhaul of Mecca Complex

  SUSTG Team  |  5. 14. 2020

  The construction giant behind the Mecca skyscraper complex is seeking an advisor to cut costs as well as restructure the debt of the iconic project, sources familiar with the matter said and a document obtained by Reuters exclusively showed.

• Investment

  

  Saudi Arabia’s SABIC Closes Deal to Establish JV to Build One of the World’s Biggest Utility-Scale Battery Factories

  SUSTG Team  |  5. 7. 2020

  Saudi Arabia's SABIC has established a joint venture company to build one of the world’s biggest utility-scale battery factories as global investment in the sector heats up, according to a report in Arab News.

• Coronavirus

  

  Saudi Arabia Taps Foreign Reserves to Weather Coronavirus Crisis

  SUSTG Team  |  4. 29. 2020

  Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, Reuters reports, as the Kingdom draws down on reserves to weather the Coronavirus crisis and keep citizens and residents safe.

• 

  Saudi Arabia’s PIF Eyes Bargain Stakes in Blue Chip Companies Likely to Rebound – Report

  SUSTG Team  |  4. 16. 2020

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  Saudi Arabia to Spend $4 Billion in Fight Against Coronavirus

  SUSTG Team  |  4. 8. 2020

• Vision 2030

  

  Saudi Arabia Approves Government Asset Privatization on Local Stock Market

  SUSTG Team  |  4. 1. 2020

  Saudi Arabia’s government approved the listing of government assets planned for privatization on its stock market, according to reports.

• G20

  

  G20 Finance Chiefs, Central Bankers Hold Digital Meeting for Second Time in a Week to Discuss Coronavirus Response

  SUSTG Team  |  3. 31. 2020

  Finance ministers and central bankers from the Group of 20 major economies met by videoconference on Tuesday, the second such meeting in a week, to discuss a global response to the spread of the coronavirus the its impact on economy, Reuters reports.

• COVID-19

  

  Saudi Arabia Enacts Curfew as Kingdom Seeks to Best COVID-19

  SUSTG Team  |  3. 23. 2020

  Saudi Arabia has enacted a curfew to stop the spread of COVID-19 within the Kingdom's borders, prohibiting citizens and residents from being outside the home at night for three weeks starting Monday.