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

  • Investors, Analysts with Mixed Interpretations After Wild Weekend in Saudi Arabia
     

    Investors and analysts are mixed in their reactions after a wild weekend for Saudi Arabia that put the Kingdom into the international spotlight. Within the span of just days, Saudi Arabia said it shot down a missile that nearly hit Riyadh’s international airport, launched a new corruption body that immediately arrested some of Saudi Arabia’s wealthiest international businessmen and […]

     
  • Saudi Arabia will Introduce Tourist Visas ‘Soon’, Tourism Authority Head Confirms
     

    Saudi Arabia plans to start issuing tourist visas “soon,” Prince Sultan bin Salman bin Abdul Aziz, head of the Saudi tourism authority, said in a statement according to several reports. Prince Sultan did not give an exact time frame. The Kingdom issues separate visas for the millions of pilgrims that visit Saudi Arabia each year for […]

     
  • KAPSARC’s New Headquarters Near Riyadh, Designed by Zaha Hadid Architects, Receives LEED Platinum Status
     

    The futuristic-looking new headquarters of the King Abdullah Petroleum Studies and Research Centre (KAPSARC) on the outskirts of Riyadh has received LEED Platinum certification—the first of Zaha Hadid Architects’ projects to receive the title. KAPSARC is a non-profit dedicated to studying energy and their environmental impacts. The new 230,000 square-foot campus comprises five buildings and cuts a striking figure against […]

     
  • Saudi Arabia Allows Foreign Investors into Local IPOs, Hopes to List Aramco on Tadawul
     

    Foreign investors are now able to participate in initial public offerings (IPO) on companies listed on the Nomu (parallel) market in Saudi Arabia, according to reports based on comments from Saudi Arabia’s Capital Market Authority (CMA) chairman Mohammed El Kuwaiz. El Kuwaiz said Thursday that foreign investors can take part in company flotations when asked about the […]

     
  • Over 87,000 Business Licenses Issued to Saudi Arabia this Year – Report
     

    Saudi Arabia’s Ministry of Commerce and Investment issued over 87,000 business licenses to women in the last year as the Kingdom looks to increase female integration into the Saudi economy. The Ministry said it issued 87,575 commercial registrations for women “for businesses in various fields, including trade, manufacturing, communications, information technology, real estate, cleaning, tourism, restaurants […]

     
  • Saudi Economy Contracts as Production Cuts, Reforms Begin
     

    Saudi Arabia’s economy contracted by 1.03 percent in the second quarter of this year following a 0.5-percent contraction in the first quarter, according to reports, as participation in the OPEC oil production cut and disappointing growth in non-oil industries weighed on the economy. While the contraction in the economy is to be expected as OPEC and Russia seek […]

     
  • Saudi-based Restaurant Management Startup Raises $4m
     

    A restaurant management startup in Saudi Arabia has raised a $4m Series A investment as the Kingdom sees signs of life for new small and medium-sized enterprises (SMEs). Foodics, which is a Saudi-based company, offers an all-in-one iPad-based point of sale and restaurant management system. Foodics raised its venture funding from Saudi VC firms Raed […]

     
  • Saudi Arabia’s ‘Third Rail’ No More? Kingdom Eyes Ambitious Energy Subsidies Cuts By November 2017, Report Says
     

    Energy subsidies have long been a significant drag on the Saudi economy on numerous fronts, but as Vision 2030 reforms move ahead, Saudi Arabia is reportedly eyeing further cuts to its domestic energy subsidy program, long a third rail for Saudi domestic politics. According to a Bloomberg report, the government will aim to phase out “subsidies for gasoline and jet […]

     
  • ‘Shale Oil 2.0’: Uptick in Oil Prices Entices Shale Producers, but ‘Bumps in the Road’ Persist — Jadwa Investment
     

    The recently observed uptick in oil prices has given many US shale oil producers the opportunity to expand production, Riyadh-based Jadwa Investment said in a research note on shale production. “Latest forecasts from the Energy Information Administration (EIA) see US oil production rising by 10 percent year-on-year in 2017, and 3.3 percent in 2018. Alongside the […]

     
  • Saudi Arabia Secures Spot in 2018 World Cup in Russia
     

    Saudi Arabia has secured a trip to compete in the next World Cup in 2018 after defeating Japan 1-0 in their last AFC Round 3 Group B match on Tuesday. The World Cup in 2018 is being hosted by Russia, and matches will be played in cities across the country. According to FIFA, Saudi Arabia finished […]

     

MUST-READS

  • Pricey homes and packed hotels: the year in GCC real estate

    Housing became a scarce commodity in Saudi Arabia in 2024. Expat workers flocked to Riyadh, attracted by the Vision 2030 push. Government policies boosted the home ownership rate for nationals. Rising land and construction costs also made housing and commercial units more expensive, says Imad Damrah, Colliers’ managing director for Saudi Arabia. “Freehold residential apartments in high-rise towers in Riyadh performed strongly, as did affordable National Housing Company residential communities,” Damrah tells AGBI. Residential sale numbers in the capital climbed 31 percent year on year in the third quarter, CBRE says. Average villa and apartment prices rose five and four percent respectively.

  • Gulf investors must look out for the American ‘bubble’

    The American economy constitutes about 25 percent of global GDP, but US stock markets account for a disproportionately large amount of global capitalisation – more than 60 percent by some reckonings. The rest of the world cannot get enough American assets, it seems. You can see why. Over the past two years the S&P 500 Index is almost 50 percent higher in one of the best-ever runs for US markets. Investors shrewd enough – like many Gulf financial players – to have bought into the Magnificent Seven technology stocks have enjoyed a significantly higher return. The re-election of Donald Trump as president has turbocharged US equities, and other assets like crypto and real estate thought to be beneficiaries of his tax and regulation-cutting style.

  • Saudi Arabia extends tax fine exemption for 6 months

    The Zakat, Tax and Customs Authority (ZATCA) has extended the Cancellation of Fines and Exemption of Penalties Initiative for taxpayers for six months, until June 30, 2025. To qualify, taxpayers must be registered in the tax system, submit all outstanding returns with accurate tax disclosure, and pay fully the principal tax owed on submitted or amended returns. Taxpayers may request instalment plans during the initiative period, provided that all instalments are paid on time, according to the approved plan.

  • As Gaza suffers, hunger watchdog refrains from using the F word: famine

    Many aid workers and doctors say famine has taken hold in Gaza. But amid Israel’s military assault and curbs on movement, the world’s hunger monitor has struggled to access key data to determine whether conditions constitute a famine. Some experts now wonder: Is it time to rethink how a famine is defined? Five times in the course of the past year, the world’s leading hunger monitor warned that Gaza could be teetering on the precipice of famine. Each time, the watchdog stopped short of concluding one was under way.

  • Hussain: FDI Watching Saudi’s New Business Rules – Video

    Saudi Arabia's FDI inflows slumped in Q3 - dropping 8% Q/Q to 18 billion riyals, a sign the kingdom continues to face challenges in drawing external cash to back its economic overhaul. Abdul Kadir Hussain, Arqaam Capital's Managing Director for Fixed Income Asset Management spoke to Bloomberg's Christine Burke on Horizons Middle East and Africa about the 3 factors that are driving down investments.

  • Window closing for Gaza hostage-ceasefire deal before Trump takes office

    Israeli and U.S. officials involved in the negotiations for a Gaza hostage and ceasefire deal tell Axios they are concerned that the odds of an agreement before President Trump takes office are slim. Trump threatened that there would be "hell to pay in the Middle East" if Hamas did not release the hostages held in Gaza by Jan. 20. President Biden also made mediating a deal a top priority for his final months in office. It isn't clear what Trump meant by "hell to pay." A source close to the president-elect said there is no plan for what to do if Trump's deadline is crossed.

  • China’s Wemart opens first branch in Saudi Arabia

    Chinese Ambassador to Saudi Arabia Chang Hua announced the launch of the first branch of the Chinese hypermarket chain Wemart in Saudi Arabia. “I am delighted to launch the first Chinese Wemart hypermarket in Riyadh. There is a wide range of Asian goods and foods, and all vegetables are produced on its own farm. I would like to thank my fellow ambassadors for joining us today,” the Chinese Ambassador said on X.

  • Saudi Arabian non-oil exports increase by 13%

    Non-oil exports from Saudi Arabia increased by almost 13 percent to SAR25.38 billion ($6.76 billion) in October compared to the same month last year, according to the latest government trade report. Chemical products made up 26.8 percent of non-oil exports over the month, followed by plastics and rubber products at 23.7 percent, the General Authority for Statistics revealed. Although non-oil trade was up, including re-exports, total merchandise exports were down by almost 11 percent, largely as a result of a drop in the share of oil in overall exports to 72.6 percent from 78.3 percent in October 2023.

  • Eminem Provided ‘Epic’ Opening to Saudi Arabia’s Massive Mdlbeast Soundstorm Music Festival That is Creating Inroads For Saudi Artists, Says Event Chief

    This year’s Dec. 12-14 edition of Soundstorm – which started out in 2019 as an electronic dance music festival – featured over 200 international artists spanning rap, rock, pop, and house music. It marked Soundstorm’s strongest lineup thanks to chart-topping artists such as Eminem, Linkin Park, and rock bands including Thirty Seconds to Mars and U.K. trio Muse, as well as hip-hop stars like Russ, G-Eazy, J.I.D., and Busta Rhymes, to name a few. Along with a host of top Arabic acts such as Lebanese artist Elissa, Syrian singer Nassif Zeytoun, and Saudi DJ and producer Cosmicat. Variety spoke to Mdlbeast CEO Ramadan Alharatani about how he attracted bigger acts from the U.S. such as Eminem who, making his first appearance in Saudi Arabia, performed his hit “Love The Way You Lie” for a crowd of more than 100,000 fans.

  • Saudi non-profit sector revenue up at SAR 54.5B in 2023

    The non-profit sector organizations in Saudi Arabia reported a 33% year-on-year (YoY) in revenue to SAR 54.4 billion in 2023, according to the General Authority for Statistics (GASTAT). The total sector expenditure also rose 33% YoY to SAR 47.02 billion, while employee compensation reached SAR 21.73 billion. The education and research sector came on top of peers in terms of revenue with about SAR 19.33 billion, a 35% leap YoY. Health took the second place with nearly SAR 14.13 billion in revenue.