Analysis

ECONOMY

Saudi Economy Contracts 4.2% in 3Q, Improves from 2Q; Fitch Affirms Credit Rating at ‘A’

• SUSTG Team
• |
• 11. 10. 2020

Saudi Arabia’s economy shrank 4.2% in the third quarter from a year earlier, government data showed on Tuesday, but the contraction was smaller than the second quarter when the economy was reeling from coronavirus-linked lockdowns, Reuters reports.

• Economy

  

  As Saudi Non-Oil Revenue Soars, Uncertainty Looms Over Oil Market

  SUSTG Team  |  10. 30. 2020

  Saudi Arabia saw a significant boost in non-oil revenue in the third quarter of this year, with an increase of 63% year-on-year to SR123 billion ($32.8 billion), new data shows, an encouraging trend for policymakers as the market for oil continues on an uncertain path.

• Al-Ula

  

  Images: Architect Jean Nouvel Reveals Design for Sharaan Resort in Al-Ula, Saudi Arabia

  SUSTG Team  |  10. 28. 2020

  French architect Jean Nouvel unveiled his design for Sharaan, a new resort hidden within the rock dwellings of Al-Ula, a cultural oasis in north-west Saudi Arabia.

• Sports

  

  Top Names in Golf Commit to Saudi International Tournament in February

  SUSTG Team  |  10. 27. 2020

  Saudi Arabia's annual golf tournament secured two of the sports top names to compete in February, winning commitments from the world’s top-ranked golfer and the latest major championship winner on Monday to play in the Saudi International.

• Media

  

  Arab News Launches ‘Research and Studies’ Unit to Deliver ‘Thought-Provoking Studies by Experts on Regional Affairs’

  SUSTG Team  |  10. 13. 2020

  Arab News, Saudi Arabia's leading English-language daily news publication, has announced the establishment of a new Research and Studies Unit (RSU) which will "deliver thought-provoking studies written by a team of acclaimed resident and non-resident experts on a number of regional affairs."

• Defense

  

  U.S. Again Tops Arms Exporters to the Middle East, Saudi Arabia, Report Says

  SUSTG Team  |  9. 25. 2020

  A newly released report by the Center for International Policy finds the U.S. dominated arms and defense exports to the Middle East region between 2015-2019, accounting for nearly half of all deliveries of major weapons systems.

• Road to the G20

  

  G20 Trade and Investment Ministers Meet as Kingdom Reportedly Suggests Delay Main Summit until December

  SUSTG Team  |  9. 22. 2020

  Trade and Investment Ministers from the G20 held a meeting today under the Saudi G20 Presidency to strengthen trade and investment policy cooperation towards an inclusive and sustainable economic growth amid the COVID-19 pandemic.

• 

  Saudi Arabia’s Oil Exports to the U.S. Hit 35-Year Lows as Goldman Sees Oil at $65 Next Year

  SUSTG Team  |  9. 2. 2020

• Oil

  

  Brent Oil Reaches 5 Month High as Saudi Aramco Announces Discovery of Two New Oil and Gas Fields

  SUSTG Team  |  8. 31. 2020

  The price of oil on the UK's Brent Oil index reached a 5-month high on Monday as supply output cuts continue to push the price of oil higher, according to reports.

• Roshn

  

  PIF Sets Up New Real Estate Subsidiary to Help Meet Increasing Local Demand for Housing

  SUSTG Team  |  8. 20. 2020

  Saudi Arabia’s Public Investment Fund (PIF) said it had set up a new real estate subsidiary, called "Roshn," to help meet increasing local demand for housing, according to reports.