Analysis

ECONOMY

Improved Private Sector Sentiment Seen in Latest Saudi Economic Data – Jadwa Investment

• SUSTG Team
• |
• 8. 7. 2020

Saudi Arabia saw a rebound in some economic data points after Coronavirus-driven shutdowns, according to the latest Jadwa Investment August 2020 Chartbook.

• SRC

  

  Saudi Arabia’s Real Estate Refinance Co. to Acquire Mortgages Worth $800 Million

  SUSTG Team  |  7. 20. 2020

  Saudi Arabia's Saudi Real Estate Refinance Co. (SRC), an arm of the Public Investment Fund (PIF), will acquire mortgages worth SR3 billion ($800 million) from the Public Pension Agency (PPA), according to reports.

• Entertainment

  

  Qiddiya Awards $2.6 billion In Contracts to ‘Speed Up Development’; Diriyah Gate ‘Full Speed Ahead’

  SUSTG Team  |  7. 3. 2020

  Qiddiya, the mega-entertainment complex just outside of Riyadh that is set to transform the leisure landscape in the Saudi capital, announced on Thursday "at least SR10 billion ($2.66 billion) worth of contracts" will be awarded to various companies "to speed up construction," according to reports.

• AMAALA

  

  AMAALA, the Luxury Planned Seaside Resort on Saudi Arabia’s Northwest Coast, Picks Impressive Design for International Airport

  SUSTG Team  |  6. 25. 2020

  AMAALA, the ultra-luxury planned travel destination located along Saudi Arabia’s northwestern coast has unveiled plans for a new international airport, employing an impressive design "inspired by the optical illusion of a desert mirage."

• Oil Markets

  

  With Demand Recovery Accelerating, Oil Markets Tick Up

  SUSTG Team  |  6. 19. 2020

  Stronger consumption of oil globally pushed markets higher on Friday as countries move forward with opening back up despite concerns about the Coronavirus pandemic.

• PIF

  

  Report: PIF to buy 2.32% stake in India’s Jio Platforms for $1.49 billion

  SUSTG Team  |  6. 18. 2020

  “We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth,” PIF Governor Yasir Al-Rumayyan said in the statement.

• Coronavirus

  

  Second Wave: Saudi Arabia Continues Battle Against COVID-19 Spread; 3,717 New Cases Reported

  SUSTG Team  |  6. 10. 2020

  Saudi Arabia announced 36 more Coronavirus deaths and 3,717 new cases of the disease on Wednesday, a significant uptick in cases as the Kingdom deals with a second wave after initial efforts in flattening the curve.

• Blockchain

  

  SAMA Uses Blockchain for Local Deposits of Announced Funds

  SUSTG Team  |  6. 9. 2020

  The Saudi Arabian Monetary Authority (SAMA) used blockchain technology to deposit part of the liquidity that SAMA had previously announced to be injected into the banking sector "as part of SAMA's actions aimed at enhancing the sector's capabilities."

• Economy

  

  Jadwa Chartbook: Saudi economic data from April shows Coronavirus impact

  SUSTG Team  |  6. 2. 2020

  Economic indicators for the Saudi economy in April reflected the impact of COVID-19 containment measures on the local economy, with PMI remaining in contractionary territory, Jadwa Investment said in its recently-released chartbook.

• 

  Sports Diplomacy in the Middle East: King Faisal Center for Research and Islamic Studies to Host Live Broadcast May 19th

  SUSTG Team  |  5. 16. 2020