SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

MUST-READS

  • OPEC+ agrees to delay October oil output hike for two months, sources say

    OPEC+ has agreed to delay a planned oil output increase for October and November after crude prices hit their lowest in nine months, three sources from the producers' group told Reuters on Thursday. Oil prices have been falling along with other asset classes on concerns about a weak global economy and soft data from China, the world's biggest oil importer. "Two months delay," one of the sources said. The three sources declined to be identified by name

  • What went down in August?

    The month began recording the lowest venture funding across all emerging markets in 2024, with no mega deals in sight. August also revealed an in-depth analysis of Africa’s H1 funding figures, highlighting a steep 57% drop compared to last year, marking the region’s most significant decline since 2019. Meanwhile, MENA defied global trends with a notable increase in investor activity, particularly from international backers. The month concluded with insights into investor behavior, spotlighting key players reshaping the venture landscape in the UAE and Saudi Arabia.

  • Family offices now rival hedge funds as a way for the ultra-rich to hoard their wealth

    The number of ultra-wealthy individuals and families continues to increase. Today the amount of wealth held by family offices is an estimated $5.5 trillion, which is already a stark increase from $3.3 trillion in 2019. According to Deloitte projections, the wealth held by family offices will increase by 189% by 2030.

  • Saudi: Barq signs deal with Mastercard for payment solutions

    The agreement will see barq leverage Mastercard Gateway technology to further equip its merchants and consumers around the kingdom with greater access to a wide range of value-added services — responsive, personalised solutions that cater to their unique needs and preferences.

  • Saudi Arabia leads international bond issuance

    Saudi Arabia, the Middle East’s largest economy despite a 0.8 percent decline in real GDP last year, sold $26.8 billion of international bonds from January 1 to August 27 2024, inclusive. Poland was second among emerging markets with $18 billion and the UAE was third with $12 billion, data from London Stock Exchange Group shows. The data refers to “international” bonds, or those sold to foreign investors.

  • Who moved to Saudi Arabia this summer – and what it reveals about the Pro League

    While 2023 will be remembered as the year Cristiano Ronaldo (Al Nassr), Neymar (Al Hilal), Karim Benzema (Al Ittihad) and Jordan Henderson (Al Ettifaq; he terminated his contract in January and joined Ajax) left Europe for lucrative contracts in the Saudi Pro League, the transfer outlay in 2024 has been less extravagant, with total spending coming in at around $250m (£190m).

  • Construction kicks off on $1.95bln ‘The Avenues – Khobar’ Project in Saudi Arabia

    The contract was awarded by the developer Shomoul Holding Company - a subsidiary of Kuwait-based developer Mabanee - to a joint venture of Saudi group AlKifah Contracting Company and Kuwait-based Al Ahmadiah Contracting. Working alongside Kuwait-based regional architecture and engineering firm Pace, the JV is working to bring to life this visionary project which is set to transform the landscape of Al Khobar city.

  • Saudi National Team Lifts Spirits With Jeddah Hospital Visit Ahead Of World Cup Qualifier

    As part of their community outreach, players from the Saudi national football team took a break from their World Cup preparations to bring some joy to patients at King Faisal Specialist Hospital & Research Centre (KFSHRC) in Jeddah. On Tuesday evening, the team visited the hospital, delivering gifts and flowers to patients, hoping to lift their spirits and provide a bit of comfort during their stay.

  • Saudi Arabia issues implementing rules on exporting personal data

    The new rules (11-page PDF/1.6MB) provide implementation details on how personal data can be exported globally from the Kingdom under the amended Personal Data Protection Law. The updated legislation, which has lifted some of the previous restrictions on exporting personal data, came into force on 14 September 2023, but businesses were given one year from that date to comply with the new regime, with the grace period for compliance ending on 14 September 2024.

  • Saudi Aviation to Strengthen Ties at Egypt Airshow

    Saudi Arabia's General Authority of Civil Aviation President Abdulaziz Al-Duailej is leading a delegation to the Egypt International Airshow 2024, from Sept. 3 to 5. GACA will focus on strengthening bilateral relationships, fostering commercial partnerships, exploring investment opportunities, and identifying areas for collaboration to enhance the aviation sector. The three-day event is being held at El Alamein International Airport in northern Egypt, with participants from over 100 countries, 300 exhibitors, and leaders in the aviation and aerospace industries.