Analysis

ECONOMY

Jadwa Investment: Saudi Inflation Set to Rise Slightly in 2020; Non-Oil Private Sector to Pick Up

• SUSTG Team
• |
• 2. 5. 2020

A recently-released report by Jadwa Investment notes that the Kingdom will see a slight increase in inflation in 2020 on expectations of a continued pick-up in non-oil activities and an elevated level of consumer spending.

• Blockchain

  

  Saudi Aramco Makes $5 million Investment in Blockchain-Based Oil Trading Company VAKT

  SUSTG Team  |  1. 28. 2020

  Saudi Aramco Energy Ventures (SAEV) has invested $5 million into blockchain-based oil trading company VAKT, the company said in a press release.

• Saudi-Israel

  

  Israelis Can Now Go to Saudi Arabia For Religious Pilgrimages, Business Visits, Israel Says; Saudi Says ‘Our Policy is Fixed’

  SUSTG Team  |  1. 27. 2020

  A new rule from Israeli leaders will allow Israeli Muslims to go to Saudi Arabia for religious pilgrimages and permit business trips to the Kingdom, according to reports.

• Tourism

  

  Kingdom’s Domestic Tourism, Entertainment Push Leads to Declines in Saudis Visiting Dubai

  SUSTG Team  |  1. 24. 2020

  The number of Saudi tourists visiting Dubai in 2019 dropped as Saudi Arabia begins to see major gains in its domestic tourism market and local entertainment offerings.

• 2019-n-CoV

  

  Saudi Health Officials, Experienced with MERS-CoV, Take Preventative Measures against New ‘Wuhan’ Coronavirus

  SUSTG Team  |  1. 23. 2020

  Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports.

• G20 2020

  

  The Economic Impact of Saudi Arabia Hosting the G20 Summit

  SUSTG Team  |  1. 16. 2020

  A recent report from Jadwa Investment looks at the economic impact of Saudi Arabia hosting the G20 Summit, noting that while the Riyadh has hosted major summits before, "the G20 summit differs due to the sheer number of different events related to it."

• U.S.-Saudi Relations

  

  Prince Khalid bin Salman Meets with President Trump at White House

  SUSTG Team  |  1. 7. 2020

  Saudi Arabia's deputy defense minister Prince Khalid bin Salman held several meetings with top U.S. officials yesterday in Washington, D.C., including Secretary of Defense Mark Esper, Secretary of State Mike Pompeo, and President Donald Trump.

• 2020 Budget

  

  A Look at Saudi Arabia’s 2020 Budget

  SUSTG Team  |  12. 12. 2019

  This week, Saudi Arabia unveiled its 2020 budget, which signals an end to the expansionary trend of recent years, assumes lower oil prices than in 2019, and continues to invest in the economic diversification as outlined in the Kingdom's Vision 2030 economic and social reform plans.

• Saudi Aramco IPO

  

  Saudi Aramco Soars 10% in Debut in ‘Vindication’ for Company

  SUSTG Team  |  12. 11. 2019

  Saudi Aramco's shares rose SAR 3.20, or 10% (the daily limit) to 35.2 riyals in Riyadh, raising the company's valuation to $1.88T.

• U.S.-Saudi Relations

  

  Saudi FM Prince Faisal bin Farhan Meets with Secretary of State Mike Pompeo

  SUSTG Team  |  11. 15. 2019

  Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan has met with US Secretary of State Mike Pompeo in Washington on Thursday ahead of an international meeting of countries committed to defeating ISIS, according to reports and social media.