Analysis

Saudi Moves Further into FinTech Space with PIF Backing of New Digital Bank Called D360

• SUSTG Team
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• 2. 16. 2022

Saudi Arabia’s Public Investment Fund is investing in the creation of a new digital bank being established in the kingdom with a capital of 1.65 billion riyals ($440 million), according to a report from Bloomberg.

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  Dazzling Finish to Saudi International as Harold Varner III Sinks Near 100-Foot Eagle Putt to Win

  SUSTG Team  |  2. 7. 2022

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  Saudi Arabia’s Natural Gas Production Soars

  SUSTG Team  |  1. 26. 2022

  Saudi Arabia is starting to see significant growth in its natural gas production after major investments in the sector to increase output.

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  President Biden Says Administration Considering Re-Designating Yemen’s Houthis as a Terrorist Group

  SUSTG Team  |  1. 20. 2022

  U.S. President Joe Biden said on Wednesday his administration is considering re-designating Yemen's Houthi movement as an international terrorist organization following persistent drone attacks on civilians in Saudi Arabia and the UAE.

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  White House Says it Welcomes OPEC+ Decision to Stick to Planned Output Increase

  SUSTG Team  |  1. 5. 2022

  The White House on Tuesday welcomed a decision the OPEC+ group of oil producers led by Saudi Arabia to stick with their plans to raise crude production, and touted "close" coordination with Saudi Arabia and the United Arab Emirates, according to Reuters.

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  Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization

  SUSTG Team  |  12. 21. 2021

  Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia's General Authority of Civil Aviation.

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  It’s Official: Saudi Arabia Pitches Riyadh for 2030 World’s Fair

  SUSTG Team  |  12. 16. 2021

  Saudi Arabia has officially submitted a bid to host Expo 2030 in Riyadh, with the Royal Commission for Riyadh City (RCRC) CEO Fahd Al-Rasheed submitting the Kingdom's bid while addressing a virtual gathering of 170 member countries assembled to kickstart the five-stage bidding process.

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  Saudi Economy on Track for ‘Very Strong Level of Growth This Year,’ with 2022 ‘Critical’ for Vision 2030 — Jadwa Investment

  SUSTG Team  |  11. 30. 2021

  The Saudi economy is "on-track to record a very strong level of growth this year, and we expect this to continue into next year...[with] the Kingdom’s economy growing by 7 percent year-on-year in 2022 as a result of sizably higher oil sector growth and robust levels of non-oil growth."

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  With Pandemic’s Damage in the Rear View for Saudi Arabia, Consumers Up Spending; Non-Oil Economy Recovers

  SUSTG Team  |  11. 24. 2021

  With Saudi Arabia's success against the pandemic becoming the envy of countries around the world, the Kingdom's economy is roaring back to life on the back of high oil prices and consumer confidence.

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  Reliance, Aramco ‘Mutually Determined’ to Reevaluate $15b Deal, Statement Says

  SUSTG Team  |  11. 22. 2021

  Reliance and Saudi Aramco have "mutually determined" to reevaluate a potential $15 billion investment by Saudi Aramco into Reliance's oil-to-chemicals (O2C) business agreed to in 2019, according to reports and a statement from Reliance.