Analysis

Fossil fuel use, emissions set new highs in 2023

• SUSTG Team
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• 6. 20. 2024

The Energy Institute and co-authors KPMG and Kearney released the 73rd annual edition of the Statistical Review of World Energy, presenting the full global energy data picture for 2023.

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  Saudi Car Market: Tops GCC, women purchase 30% of cars sold in 2023

  SUSTG Team  |  5. 6. 2024

  In 2023, Saudi Arabia sold 729,466 cars, a 17% increase from the previous year. The Toyota Yaris was the best-selling car, accounting for 37% of the sales. Car sales are expected to surge to 870,000 this year.

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  Saudi Non-Oil Business Activity Expands in December 2023, New Orders Rising at Fastest Pace in Six Months

  SUSTG Team  |  1. 3. 2024

  Non-oil business activity in Saudi Arabia grew solidly in December with new orders rising at the fastest pace in six months, and the seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index stood at 57.5 in December ending 2023 well above the 50 mark signaling economic growth, Reuters

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  Regional HQ Executives to get Premium Residency Under New Government Scheme to Boost Investment

  SUSTG Team  |  10. 10. 2023

  Saudi Arabia's Ministry of Investment has developed a mechanism to grant premium residency to executives who base their company's regional headquarters in the Kingdom, according to reports, in a bid to boost the business environment in the Kingdom and attract more foreign investment.

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  Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy

  SUSTG Team  |  9. 29. 2023

  Saudi Aramco has signed a $500 million agreement to buy a minority stake in liquefied natural gas company MidOcean Energy. This is Aramco's first investment in LNG and is part of the company's efforts to diversify its activity beyond its core oil business.

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  KSA Climbs to 16th in World Competitiveness Ranking

  SUSTG Team  |  6. 19. 2024

  Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.

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  Nusuk pilgrim card launched

  SUSTG Team  |  5. 3. 2024

  With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.

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  Saudi Arabia Condemns Two Deadly “Terrorist” Explosions in Iran; Islamic State Claims Responsibility

  SUSTG Team  |  1. 4. 2024

  Saudi Arabia has condemned two deadly explosions in Iran at a ceremonial procession that killed and injured hundreds and put the region on edge. The explosions struck minutes apart on Wednesday, shaking the city of Kerman, about 820 kilometers southeast of the capital, Tehran.

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  Shares of oil and gas driller ADES Holding Climbed Almost 30% above its listing price on its market debut in Riyadh

  SUSTG Team  |  10. 11. 2023

  Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month, according to Reuters.

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  As Tourism Sector in Saudi Arabia Soars, Officials Revise Upward Visitor Goals

  SUSTG Team  |  9. 28. 2023

  As the tourism sector continues to outperform in Saudi Arabia, Saudi Arabia's top officials are revising upward its visitor goals from previously targeted levels which were once considered by some to be unachievable when originally set forth.