Analysis

ECONOMY

Saudi Arabia’s Al-Jadaan Announces New Measures to Shore Up Kingdom’s Finances

• SUSTG Team
• |
• 5. 11. 2020

Saudi Arabia is taking new austerity measures to cope with the impact of the coronavirus pandemic and low oil prices, announcing that it would triple its VAT and slash a cost-of-living allowance for government workers, according to reports and comments from the Kingdom's finance minister.

• Food Delivery

  

  Despite Pandemic, Delivery Food App Uber Eats Ceases Operations in Saudi Arabia, Company Says

  SUSTG Team  |  5. 5. 2020

  Uber Eats has decided to withdraw its food delivery service in both Saudi Arabia and Egypt, and will join forces with Careem in the UAE, according to reports citing comments from company leadership in the region.

• Public Investment Fund

  

  Saudi Arabia Takes $500 Million Stake in Coronavirus-hit LiveNation

  SUSTG Team  |  4. 28. 2020

  Saudi Arabia’s sovereign wealth fund bought a 5.7% stake in the LiveNation, the U.S. events and ticketing company, which is parent to Ticketmaster, according to reports.

• Ramadan 2020

  

  As Ramadan Approaches, Saudi Arabia Prepares for Holy Month Under Coronavirus Restrictions

  SUSTG Team  |  4. 17. 2020

  For Saudis and other Muslims around the world, the approaching month of Ramadan will look different this year as governments take preventative measures to safeguard their citizens from the coronavirus.

• Labor

  

  To Avoid Layoffs, Saudi Arabia to Guarantee Salaries to Support Virus-Hit Firms

  SUSTG Team  |  4. 3. 2020

  Saudi Arabia moved to help firms avoid having to fire Saudi citizens amid an economic slowdown resulting from the coronavirus pandemic, according to reports.

• G20

  

  ‘We are determined to spare no effort’: G20 Leaders’ Summit Statement on COVID-19

  SUSTG Team  |  3. 27. 2020

  Leaders of the G20 economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and “do whatever it takes to overcome the pandemic," according to a statement from the G20 leaders.

• COVID-19

  

  Everything Saudi Arabia is Doing to Combat the Spread of COVID-19 in One Video

  SUSTG Team  |  3. 17. 2020

  Saudi Arabia's ambassador to the United States HRH Princess Reema bint Bandar recently shared on twitter a 60-second video showing all the steps that Saudi Arabia has taken to combat the spread of the Coronavirus, or COVID-19, within the Kingdom.

• SIPRI

  

  Strong U.S., Saudi Arabia Security Alliance Evident in Latest SIPRI Annual Report

  SUSTG Team  |  3. 13. 2020

  Saudi Arabia was the largest recipient of US arms in 2015–19 and accounted for 25 percent of U.S. arms exports, a surge of 17.6 percent over the period between 2010-2014, according to the latest Trends in International Arms Transfers, 2019 report from SIPRI.

• 

  For Saudi Arabia’s Red Sea Projects, Protecting the Natural Wonder of Sea and Sky a Priority

  SUSTG Team  |  3. 3. 2020

• Oil Markets

  

  Weaker Demand for Oil as Coronavirus Spreads, Pushing Prices Down

  SUSTG Team  |  2. 12. 2020

  Saudi Arabia and other oil producing nations that form the OPEC+ group are seeking common ground on how to keep oil prices from tumbling further in the face of weak demand from the spread of the Coronavirus.