Analysis

LABOR

1.2 million Expat Workers to Leave Saudi Arabia in 2020, Jadwa Estimates

• SUSTG Team
• |
• 6. 16. 2020

As many as 1.2 million foreign workers will leave the Saudi labor market in 2020, with an estimated 300,000 already gone this year, according to a recent labor market update by Jadwa Investment.

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  Saudi Aramco Completes Acquisition of 70% Stake in SABIC with Purchase of 2.1 Billion Shares on Tadawul

  SUSTG Team  |  6. 15. 2020

• Banking and Finance

  

  With a Bumpy Road Ahead in 2020, Saudi Banks are ‘Well Capitalized’, Executives told Reuters

  SUSTG Team  |  6. 4. 2020

  "Strong capital buffers" will help banks in Saudi Arabia push through a bumpy road ahead in the next few months, according to a Reuters report, which took a measurement of some of the industry's top CEOs.

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  Saudi Arabia’s NIDLP Sees Traction with $1.33b in Loans So Far

  SUSTG Team  |  5. 28. 2020

• Coronavirus

  

  Saudi Arabia to End Virus Curfews by June 21, Will Start ‘New Phase’ on Thursday May 28

  SUSTG Team  |  5. 26. 2020

  Saudi Arabia said Tuesday that it will begin to end its nationwide coronavirus curfew this week, and completely phase out the curfews by June 21, according to comments from the Kingdom's health minister Dr. Tawfig Al-Rabiah.

• Economy

  

  Kingdom Climbs in International Budget Transparency Index

  SUSTG Team  |  5. 1. 2020

  Saudi Arabia jumped 18 places in an index that measures the transparency of budgets worldwide as the Kingdom moves forward with economic and social reforms.

• Agriculture

  

  Saudi Arabia Makes First Purchase of Wheat from Kingdom-Owned Farm

  SUSTG Team  |  4. 27. 2020

  Saudi Arabia has made its first purchase of wheat grown from an overseas farmland investment in Ukraine, Reuters reports, as the Kingdom makes progress on a years-long shift toward agricultural imports and water conservation goals.

• Oil Markets

  

  Saudi Cabinet: Kingdom Prepared to ‘Take Extra Steps with OPEC+’ to Stabilize Oil Market

  SUSTG Team  |  4. 21. 2020

  Saudi Arabia said on Tuesday it is monitoring oil markets and is ready to take extra measures to stabilize them along with OPEC+ allies and other oil producers, Reuters reports, citing an SPA report and Saudi Cabinet statement.

• Oil Markets

  

  Saudi Arabia, Russia Agree on Oil Cuts, Hope to Finalize Participation from Mexico, U.S.

  SUSTG Team  |  4. 10. 2020

  Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies, Reuters reports, after the two heavyweights agreed on the cuts but Mexico "walked out" of talks yesterday at the last minute.

• Oil Markets

  

  Global Markets Plummet as Saudi, Russia Fail to Agree on Oil Supply

  SUSTG Team  |  3. 9. 2020

  After the OPEC+ countries failed to come to an agreement on oil prices, Saudi Arabia dramatically cut its export prices over the weekend, creating the largest single-day oil price drop since the start of the Gulf war in 1991, according to reports.