Analysis

Saudi Arabia Enters Recession Now, Report from Capital Economics Says, but Non-Oil Economy Continues to Shine

• SUSTG Team
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• 8. 2. 2023

Saudi Arabia has entered a recession, a report from Capital Economics said, as oil production cuts designed to prop up prices hurt the Kingdom's bottom line - but the Kingdom's non-oil economy continued to grow at a robust pace.

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  Saudi Arabia’s Receipts from Oil Sales Abroad Down in May, Lowest in Over a Year – Report

  SUSTG Team  |  7. 25. 2023

  Saudi Arabia's leadership in OPEC+ with voluntary cuts to production has proven to be costly, sending its receipts from oil sales abroad down by a third, to its lowest in over a year, according to a report in Bloomberg, which cited the Kingdom's General Authority for Statistics (GASTAT).

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  Saudi Arabia Defends Oil Cuts with Russia, Vows to do ‘Whatever Necessary’ to Support Oil Markets

  SUSTG Team  |  7. 6. 2023

  Saudi Arabia’s energy minister Prince Abdulaziz bin Salman defended Riyadh and Moscow’s recent oil cut decisions on Wednesday, which caused only a small, short-term increase in the price of Brent crude as the market shrugged at the move.

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  Discussing Saudi Arabia’s sporting ambitions and investments with expert Simon Chadwick, a NEOM update, and much more

  SUSTG Team  |  6. 30. 2023

  Episode 92! Saudi Arabia’s sporting ambitions and investments have been dominating global coverage of the Kingdom in recent months.

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  Saudi Arabia Allocates $7.8 Billion Worth of Investments for Expo 2030 – SPA

  SUSTG Team  |  6. 21. 2023

  Saudi Arabia has allocated $7.8 billion worth of investments for Expo 2030, state news agency SPA reported early on Wednesday, as the Kingdom pitches for the opportunity to host the global event.

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  The Saudi PIF Invests in Saudi football, Messi to Miami, and Saudi entrepreneurs Sara Bin Laden and Renad Aljefri join The 966

  SUSTG Team  |  6. 9. 2023

  Saudi entrepreneurs Sara Bin Laden and Renad Aljefri, recent WIN fellows, join The 966 from Jeddah to discuss their experiences and journeys to-date. Renad and Sara recently took part in the second cohort of the Atlantic Council’s Women Innovators Fellowship, known as the WIN fellowship - a program

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  LIV Golf, PGA Tour to Merge in Surprise Development; Yasir Al-Rumayyan to Chair New Entity

  SUSTG Team  |  6. 6. 2023

  In a surprise move, the PGA Tour and its well-funded rival, LIV Golf, have agreed to merge, ending a dispute between the two tours.

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  Saudi Arabia In Talks to Join BRICs Bank – Report

  SUSTG Team  |  5. 31. 2023

  Saudi Arabia is in talks to join the New Development Bank, the lender created by the BRICS group of nations, according to a report in Bloomberg, citing a report in the Financial Times.

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  An update on the VC scene in Saudi Arabia with Eyad Albayouk, Saudis in space, Newcastle United rises and much more…

  SUSTG Team  |  5. 26. 2023

  Episode 88! Venture capitalist Eyad Albayouk returns to The 966 to talk about the latest developments in the VC sector in Saudi Arabia as well as the closing of his new startup seed fund with Flat6Labs in Saudi Arabia.

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  Saudi Arabia Introduces New Work Visa, Aimed at Making it Easier for Businesses to Bring in Foreign Workers Temporarily

  SUSTG Team  |  5. 23. 2023

  Saudi Arabia recently introduced a new work visa, known as the "Temporary Work Visa" to replace the previous "Work Visit Visa" and is designed to make it easier for businesses to bring in foreign workers for short-term assignments and should enable employers to resource their commercial activities m