Analysis

YEMEN

Senate Fails to Override Trump Veto on Yemen War

• SUSTG Team
• |
• 5. 3. 2019

The U.S. Senate on Thursday sustained President Donald Trump’s veto of a resolution demanding an end to military support for the Saudi-led coalition waging war in Yemen, in a victory for the White House’s policy of continued backing for the kingdom.

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  IMF’s Regional Economic Outlook Says Saudi Needs $85 Oil for Fiscal Balance

  SUSTG Team  |  4. 30. 2019

• Jadwa Investment

  

  Saudi Youth Unemployment Numbers Improve Significantly in 2018, Report Reveals

  SUSTG Team  |  4. 17. 2019

  A recently released report by Jadwa Investment, citing latest government data, shows major gains in curbing high youth unemployment in the Kingdom.

• Entertainment

  

  Saudi Arabia to Invest $35 Billion in Movie Theaters by 2020; Seeks 2,500 Screens

  SUSTG Team  |  4. 4. 2019

  Saudi Arabia’s General Commission for Audiovisual Media (GCAM) announced that the Kingdom will spend $35 billion on cinemas by 2020, according to reports.

• Public Investment Fund

  

  PIF-backed Uber Technologies Buys Regional Rival Careem for $3.1 Billion

  SUSTG Team  |  3. 26. 2019

  It’s the biggest tech deal the Middle East region has ever seen. Uber Technologies, Inc. is buying regional ride-sharing rival Careem for $3.1 billion, $1.7 billion in convertible notes and $1.4 billion in cash.

• Governance

  

  King Salman Announces New Governor of the General Authority for Foreign Trade in Weekend Royal Orders

  SUSTG Team  |  3. 25. 2019

  Custodian of the Two Holy Mosques King Salman issued several royal orders on Saturday appointing a number of officials to positions, including appointing Abdulrahman Al-Harbi to be the first governor of the General Authority for Foreign Trade.

• ICT

  

  Saudi Arabia Enters Global Race for 5G Telecom with New STC Deals

  SUSTG Team  |  2. 26. 2019

  Saudi Arabia is in the global race to launch one of the first 5G telecom networks in the world and the largest 5G in the Middle East and North Africa, according to reports.

• Value Added Tax

  

  VAT Rollout in Saudi Arabia ‘Raised More Revenue than Initially Expected’ – Latest PWC Middle East Economy Watch

  SUSTG Team  |  2. 7. 2019

  "With some caveats, the early data suggests that the inflationary impact of the tax has been contained, the impact on growth is limited and in Saudi Arabia it has raised more revenue than was initially expected."

• Housing and Real Estate

  

  PIF-backed Saudi mortgage refinancing firm to expand offering in 2019 – Report

  SUSTG Team  |  2. 1. 2019

  The Public Investment Fund-backed Saudi Real Estate Refinance Company (SRC) expects to issue its first public sukuk this year and a second private placement in the next two weeks, while developing further plans to finance an expansion of the kingdom’s home mortgage market, according to reports.

• Investment

  

  ‘MSCI Tadawul 30 Index’ Goes Live with 30 Biggest Saudi Equities

  SUSTG Team  |  1. 30. 2019

  MSCI Inc. and the Saudi Stock Exchange (Tadawul) announced today the launch of the MSCI Tadawul 30 Index, a tradeable index, according to a press release.