Analysis

Diriyah Contemporary Art Biennale, First of its Kind in Saudi Arabia, Announces Artists

• SUSTG Team
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• 9. 24. 2021

The upcoming Diriyah Contemporary Art Biennale - the first art event of its kind to be held in Saudi Arabia - announced participating artists for the exhibition called Feeling the Stones, according to a report in The Art Newspaper.

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  OPEC+ Set to Revise Down ‘Optimistic’ Oil Demand Outlook; Oil Rallies to $73

  SUSTG Team  |  9. 10. 2021

  Two OPEC+ sources told Reuters that OPEC will likely revise down its 2022 oil demand growth forecast on Monday, as the specter of a persistent Delta variant of the coronavirus drags optimism about the global economic recovery.

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  Jadwa Chartbook for September 2021: PMI Indicates Continued Expansion for Saudi Economy

  SUSTG Team  |  9. 2. 2021

  Jadwa Investment's recently-released Chartbook for the month of September shows a Saudi economy awaking from the pandemic year with solid figures in non-oil PMI, consumer spending, and POS transactions.

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  Report: For Now, OPEC+ Resists Calls by U.S. for Increased Oil Production

  SUSTG Team  |  8. 17. 2021

  The so-called OPEC+ group of oil producing nations, including Russia, "believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise," a report in Reuters said.

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  ‘All Around the Region, Iran Continues to be Emboldened,’ Saudi Arabia’s Foreign Minister Says at Virtual Forum

  SUSTG Team  |  8. 4. 2021

  Saudi Arabia's foreign minister Prince Faisal bin Farhan al Saud said on Tuesday he sees an emboldened Iran acting with increased malign intent in the region in an appearance at a virtual gathering of the Aspen Security Forum.

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  Finance, Insurance Sectors in Saudi Arabia Latest to Move Toward 100% Saudization

  SUSTG Team  |  7. 28. 2021

  The finance and insurance sectors in Saudi Arabia will move toward implementing total Saudization with the hiring of Saudi nationals in as many as 91,000 jobs that are currently occupied by non-Saudis, according to a report from the local Okaz/Saudi Gazette.

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  Saudi Arabia’s Stock Market Has Best First Half in 16 Years – Report

  SUSTG Team  |  7. 1. 2021

  Saudi stocks wrapped up the best first half in 16 years, after rallying 26% in 2021 so far, Bloomberg reports.

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  Kingdom’s Net Foreign Assets Fall Again, but Higher Oil Prices Should Lift Reserves in Coming Months

  SUSTG Team  |  6. 29. 2021

  Saudi Arabia's net foreign assets fell again in May by 0.8% after reaching a 10-year low last month, according to reports, but higher oil prices should boost government figures in the coming months as the Kingdom ramps up production to meet demand.

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  Saudi Arabia Plans to Auction Two Major Mining Licenses in 2022 as Kingdom Seeks to Boost Foreign Investments

  SUSTG Team  |  6. 18. 2021

  Saudi Arabia will begin auctioning off two licenses to mine in then mineral-rich Kingdom starting next year, the vice-minister for mining affairs, Khalid al-Mudaifer, told S&P Global Platts on June 16 in an exclusive interview.

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  Saudi Arabia Updates Travel Ban List, Removes 11 Countries

  SUSTG Team  |  6. 9. 2021

  Saudi Arabia has reduced the number of countries where its nationals and citizens are banned from traveling from 20 to just 9 as it continues to open up its airways following the global pandemic.