SUSTG.com / Research

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

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • Tunisia’s Ons Jabeur reps Saudi fitness brand Kayanee at Australian Open

    Kayanee was established by the Saudi Public Investment Fund last August to expand Saudi Arabia's fitness industry and is chaired by Saudi's ambassador to the United States Princess Reema Bint Bandar. The company offers fitness and well-being products and services such as apparel, personal care and nutrition, the Saudi Press Agency reported at the time of the company's launch.

  • Saudi Arabia, tax and why it is expensive for players like Jordan Henderson to come home

    No income tax is levied on footballers’ salaries in Saudi Arabia, compared to a combined rate of at least 47 per cent of UK income tax and National Insurance contributions for earnings over £125,140 per year in the UK. In the case of Henderson, it has been reported that his salary remains tax free only if he honours the first two years of his contract, with Saudi Arabia otherwise operating a flat income tax rate of 20 per cent.

  • Opinion: Does Biden Have a Middle East Peace Plan? Sort of.

    All of this is at the very beginning stage, of course—and most of it won’t move ahead anytime soon in the face of continued resistance by Israeli Prime Minister Benjamin Netanyahu’s hard-right government to anything that resembles a Palestinian state. Within Israel, Netanyahu is widely blamed for allowing the Oct. 7 catastrophe to happen—indeed, even abetting it by shoring up Hamas at the expense of the Palestinian Authority for years—and his support is plummeting. But the gruesome Hamas attacks have also shifted Israeli public opinion far to the right, making the immediate prospect of any two-state negotiation all but impossible.

  • World Bank raises Saudi economic growth forecasts to 4.1% in 2024

    The World Bank upgraded its expectations for Saudi Arabia’s economic growth to 4.1% this year, from previous forecasts of 2.3% in June 2023. The Kingdom's economy is set to expand, despite extending the voluntary cuts in crude output earlier in 2023, said the World Bank. It added that investment related to non-oil activity will likely be the key driver for future growth, in light of projects of Vision 2030.   In a report released today, Jan. 9, the World Bank also expected a 4.2% growth in the Saudi economy for 2025.

  • Saudi Arabia announces major job training plans

    Minister of Human Resources and Social Development Eng. Ahmed bin Sulaiman Al-Rajhi issued a ministerial decision compelling private sector companies with 50 or more employees to provide cooperative training for students, in accordance with the study plan approved by the educational institutions where the students study and the requirements of the labour market.
    The aim is to raise the quality and efficiency of private sector entities, increase opportunities for development and growth, and help high education graduates to receive training that qualifies them to secure jobs after graduation by improving their performance and practical skills.

  • Iraq seeks quick exit of US forces but no deadline set, PM says

    Iraq wants a quick and orderly negotiated exit of U.S-led military forces from its soil but has not set a deadline, Prime Minister Mohammed Shia al-Sudani said, describing their presence as destabilising amid regional spillover from the Gaza war.

    Longstanding calls by mostly Shi'ite Muslim factions, many close to Iran, for the U.S-led coalition's departure have gained steam after a series of U.S. strikes on Iran-linked militant groups that are also part of Iraq's formal security forces.

  • Despair in Gaza as fighting intensifies despite promise to scale down war

    Israeli strikes in southern and central Gaza intensified on Wednesday despite a pledge by Israel that it would pull out some troops and shift to a more targeted campaign, and pleading from its ally Washington to kill fewer civilians.

    In the latest sign of the three-month-old war spreading, U.S. and British warships in the Red Sea fended off the biggest attack yet from Yemen's Houthi movement, which says it is acting to support Gaza. Washington and London said they shot down 21 drones and missiles aimed at shipping lanes; no one was hurt.

  • Saudi FDI inflows rise 29% amid ongoing economic reforms

    As a result of ongoing economic reforms, Saudi Arabia recorded a 29.13 percent surge in foreign direct investment inflows in the third quarter of 2023, compared to the previous three months. FDI inflows, which refer to the total amount of capital and investment into Saudi Arabia from foreign investors or entities, totaled SR7.99 billion ($2.13 billion), a rise from SR6.2 billion recorded in the previous quarter, data from the Saudi Central Bank, also known as SAMA, showed. By contrast, the Kingdom’s total investment in foreign countries dipped by 8 percent during the same period and amounted to SR17.21 billion. This rise in FDI coincides with Saudi Arabia’s implementation of substantial legal, economic, and social reforms to attract greater external funding.

  • Saudi Arabia Powers Up its Green Energy Evolution With Carbon Capture

    The Saudi Power Procurement Co. (SPPC) has put out bids for four separate power plant projects, totalling 7,200 megawatts in capacity. Two of these projects, Rumah1 and Rumah2, are slated for the central region, while Nairyah1 and Nairyah2 will be in the eastern region of Saudi Arabia. Each of these projects is designed to produce 1,800MW of power, using natural gas combined-cycle technology and incorporating carbon capture methods. Carbon capture involves the use of various technologies that draw in CO2 from the atmosphere and store it away or use it for other purposes.

  • Saudi Pro League unveils new partnership with Adidas

    Commencing in February 2024, the partnership will see Adidas become the Saudi top flight’s official match ball supplier, enhancing the Roshn Saudi League’s global interest and commercial attractiveness while supporting continuous growth throughout Saudi football. “Our partnership with Adidas represents a significant next step towards elevating football in Saudi Arabia,” said Saad Allazeez, vice chairman and interim CEO of the SPL. “By aligning with such a recognized and respected global sportswear giant, the league enhances its international visibility and benefits from greater opportunities to attract talent, inspire investment, and foster growth that positively impacts football culture and the game’s national ecosystem.