Analysis

LABOR

In Latest Saudi Labor Figures, Women Lead Overall Drop in Unemployment

• SUSTG Team
• |
• 4. 21. 2021

A recently-released report on the Saudi labor market, using figures from Q4 2020, showed a sizable drop in unemployment among Saudis from the previous quarter, according to Jadwa Investment, citing official government data.

• Saudi-Iran

  

  Reports Say Saudis, Iran Held Direct Talks Facilitated by Iraqis

  SUSTG Team  |  4. 19. 2021

  The London-based Financial Times reports that Saudi Arabia and Iran have held direct talks in Iraq on easing tensions, with the process being facilitated by Iraqi prime minister Mustafa al-Kadhimi, who held talks with Prince Mohammed in Riyadh last month.

• Real Estate

  

  New Regulatory Framework Aims to Encourage Foreign Ownership of Real Estate in Saudi Arabia – Report

  SUSTG Team  |  4. 15. 2021

  A new report in the London-based Asharq Alawsat revealed an under-consideration initiative within a larger national strategy new regulations enabling non-Saudis’ ownership of real estate in the Kingdom, a move that hopes to attract foreign capital and increase investments in the sector.

• Economy

  

  Unemployment for Saudi Nationals Nears Pre-Pandemic Levels in Q4 2020

  SUSTG Team  |  3. 31. 2021

  Unemployment among Saudi nationals fell to 12.6% in the fourth quarter, "moving closer to pre-pandemic levels as coronavirus cases in the kingdom declined and business picked up," Bloomberg reports, citing data from the General Authority for Statistics.

• U.S.-Saudi Relations

  

  President Joe Biden, Saudi Arabia’s King Salman Speak by Phone in First Call of New U.S. Administration

  SUSTG Team  |  2. 26. 2021

  President Joseph R. Biden, Jr. spoke today with King Salman bin Abdulaziz al-Saud of Saudi Arabia to discuss the longstanding partnership between the United States and Saudi Arabia, the first such call between the two G20 nation leaders since Biden took office in January.

• U.S.-Saudi Relations

  

  Secretary of Defense Lloyd J. Austin III, Crown Prince Mohammed bin Salman Speak by Phone

  SUSTG Team  |  2. 19. 2021

  On February 18, Secretary of Defense Lloyd J. Austin III spoke by phone with Crown Prince and Minister of Defense Mohammed bin Salman to "reaffirm the strategic defense partnership between the United States and the Kingdom of Saudi Arabia," the Pentagon said in a readout of the call.

• U.S.-Saudi Relations

  

  U.S. Treasury Secretary Janet Yellen, Saudi Finance Minister Mohammed Al-Jadaan Speak by Phone to Discuss Coronavirus, Economic Recovery

  SUSTG Team  |  2. 18. 2021

  U.S. Treasury Secretary Janet Yellen and Saudi Finance Minister Mohammed Al-Jadaan discussed the coronavirus pandemic and other issues during a call on Wednesday, the U.S. Treasury Department said. The call is the first between the two finance chiefs.

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  Saudi Arabia Fends Off Houthi Attacks on Civilian Targets, Will Continue to Treat Houthis ‘As a Terrorist Organization’

  SUSTG Team  |  2. 15. 2021

• Economy

  

  Saudi Arabia’s Non-Oil PMI Ended 2020 with ‘Remarkable Rise’, TASI Flat in January – Jadwa Investment

  SUSTG Team  |  2. 1. 2021

  Saudi Arabia's non-oil Purchasing Managers Index (PMI) ended the year with a "remarkable rise" in December, with the index hitting its highest reading since November 2019, Jadwa Investment said in its latest Chartbook publication dated February 2021.

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  In Rare Televised Appearance, Crown Prince Mohammed bin Salman Launches ‘The Line’, a Zero-Carbon Emissions City at NEOM

  SUSTG Team  |  1. 11. 2021