Saudi Arabia’s Shura Council Approves Green Card-Style Residence Program

development, labor and construction in Riyadh saudi arabia- photo by lucien zeigler for SUSTG

Saudi Arabia

News, analysis, and more

Oil Markets

Saudis Said Willing to Meet All Orders From Ex-Iran Oil Buyers

Saudi Arabia plans to meet all requests for oil purchases it has received for June, notably from countries that had to stop buying Iranian crude ...

 

Saudi Oil Policy

The Saudi Plan To Boost Spare Oil Production Capacity

Even as Saudi Arabia’s oil production reached record levels, with total output hitting 11.1m barrels per day (bpd) in November 2018, the country is boosting ...

 

Saudi Stock Market

Factor investing in Saudi Arabia: Size matters

While small caps underperformed the standard segment in emerging markets as well during this period, the extent of underperformance was significant in Saudi Arabia. One ...

 

Blockchain

Blockchain Firm Raises $6 Mln From Major Energy Companies, Saudi Aramco Subsidiary

The investors purportedly expect Data Gumbo’s blockchain-as-a-service platform to improve oil and gas supply chains by eliminating disputes and enabling automated payments, as well decreasing ...

 

Saudi-Iraq

Saudi Arabia Makes Friends With an Old Enemy

With the extremist militants driven out of Iraq, Saudi Arabia is preparing to reopen the land crossing to trade this year because of the latest ...

 

Renewable Energy

Saudi’s Alfanar secures $75m in Islamic financing for energy projects

Saudi Arabia-based Alfanar Company has secured $75m (SAR281.2m) in Islamic financing from Arab Petroleum Investments Corporation (Apicorp) to support its renewable energy projects, including a ...

 

Defense

BAE Systems says working to deliver Saudi contracts after Germany extends export ban

Leading British defence firm BAE Systems said it was working with the government to deliver its contracts with Saudi Arabia after Germany extended its ban ...

 

Gas and Solar

Unconventionals Turn to Solar Power for Remote Wells in Kingdom’s North

So when wells were found to have good promise but were further away than anticipated, the team opted to hook up the wells using an ...

 

Saudi-China

China’s Xi speaks to Saudi king amid Iran tensions

Chinese President Xi Jinping spoke by telephone with Saudi Arabia’s King Salman on Wednesday amid tensions with Riyadh’s regional rival Iran after Tehran announced it ...

 

Labor

Saudi Shura Council approves Green Card-style residence

Saudi Arabia’s Shura Council, a quasi-parliament, has approved a plan for introducing a Green Card-style residence system for foreigners aimed at attracting investors, Saudi media ...

 

Agriculture

Saudi Arabia’s Savola plans riyal sukuk issue

Savola Group, Saudi Arabia’s largest food products company, said on Thursday it plans to issue sukuk denominated in Saudi riyals, as part of a sukuk ...

 

Financial Education

A penny saved is a penny earned: Do Saudis believe in that?

But in order to save, citizens need to own bank accounts. According to the latest survey by the King Khalid Foundation, more than 28 percent ...

 

Workforce

Filipinos warned of job cuts in Saudi Arabia

In a statement, the Philippine Overseas Employment Administration (POEA) said the Saudi government is stepping up its drive to nationalize its workforce and will limit ...

 

Art and Culture

Saudi Minister of Culture opens Kingdom’s pavilion at Venice Biennale

Minister of Culture and Chairman of the Board of Directors of Misk Art Institute Prince Badr Bin Abdullah Bin Farhan inaugurated on Wednesday the pavilion ...

 

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Regional and related topics

Turkey

Turkey’s central bank steps in after the lira nosedives to an eight-month low

Credit default swaps, or the cost of insuring exposure to Turkish debt, spiked 11 basis points (bps) in one day to reach 483 bps, similar ...

 

Iraq

Iraq Militias Flash Point Between United States and Iran

The global fight against ISIS created strange alliances—and the de facto one between the U.S. military and Iraq’s Shiite militias, some of whom are backed ...

 

Iran Sanctions

Trump admin hits Iran with new sanctions on steel, aluminum and copper industries

Trump's executive order, which imposed sanctions on the steel, aluminum and copper industries, came hours after Iran announced it was withdrawing from parts of an ...

 

Iran Nuclear Agreement

Europeans reject ultimatums from Iran as it eases nuclear curbs

European countries have tried to develop a system to allow outside investors to do business with Iran while avoiding falling foul of U.S. sanctions. But ...

 

GCC Debt

Some Investors Bet Against Persian Gulf Debt Boom

“If they were to default or restructure, there is a good chance they would try to let the currency go at that point just to ...

 

Bahrain

Bahrain Is Set to Receive $2.3 Billion From Allies in 2019

Bahrain said it will receive about $2.3 billion this year from a five-year support package provided by its Gulf Arab allies as the island-kingdom seeks ...

 

Afghanistan

Taliban attack on US-based aid group raises concern in Kabul

A deadly Taliban attack on a United State-based aid group in the Afghan capital has raised concerns among other relief organisations that they could also be ...

 

Softbank

SoftBank profits rise, partly on gains from Saudi-tied fund

Japanese technology company SoftBank has reported a 36% year-on-year increase in profit for the fiscal year through March, partly on gains from its Vision Fund. ...

 

Electrical Grid

How Much Will It Cost to Protect America’s Electrical Grid? Who Will Pay?

Collectively, utility companies in the U.S. are already planning to spend billions of dollars a year on grid cyber defenses. ...

 

Qatar

Qatar Doubles Down On LNG Expansion Despite Saudi Blockade

Tiny gas-rich Qatar is pushing through with its plans to solidify its top spot as the world’s largest liquefied natural gas (LNG) player both in ...

 

Yemen

Yemen government accuses UAE of landing separatists on remote island of Socotra

Yemeni officials said around 100 separatist fighters had disembarked in civilian clothes on Monday from a UAE naval vessel on Socotra, the main island in ...

 

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