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

  • OPEC, Russia Will Cut 1.2 million Barrels of Oil Production a Day; Price Jumps
     

    OPEC and Russia have agreed to collectively throttle back oil production by 1.2 million barrels per day to dry up a global supply glut, according to energy reporters from the Wall Street Journal. OPEC nations would cut 800,000 barrels and the Russia-led group would handle the remainder, according to the WSJ. Oil prices on indices […]

     
  • Saudi Private Sector Growth hits 11 Month High as Economy Adjusts to Reforms
     

    Saudi Arabia’s non-oil private sector grew at its fastest rate for 11 months in November, Reuters reports, citing a monthly survey of companies. The positive private sector growth figure is “a sign that the economy may finally be recovering from austerity measures” imposed at the start of 2018 as part of the Kingdom’s economic reform plans, which […]

     
  • Oil Continues Rebound as OPEC, Russia Eye Production Cut Agreement
     

    The price of oil on international indices has rebounded for a second straight trading day after leaders from Saudi Arabia and Russia indicated that production cuts were likely to stabilize oversupplied markets, according to reports. But while sentiment appears to indicate a looming decision to cut production by OPEC members and Russia at a meeting in Vienna, […]

     
  • Saudi Arabia to Host G20 Summit Meetings in 2020
     

    The final communiqué of the G20 summit, which concluded this weekend in Buenos Aires, Argentina, confirmed that Saudi Arabia will host the summit in 2020. Hosting the major event involving the world’s largest economies is an opportunity for the Kingdom to showcase Saudi’s standing as a key player in the G20 and a force for economic stability. Saudi […]

     
  • Significant Step Taken in U.S.-Saudi THAAD Missile Deal
     

    A personal call between President Donald Trump and King Salman Saudi Arabia helped to finalize an agreement in which the Kingdom will buy Lockheed Martin’s $15 billion THAAD missile defense system, according to reports. The U.S. State Department said the Saudis and U.S. officials signed letters of offer and acceptance documents on Monday, formalizing terms for Saudi’s […]

     
  • Senate Set to Vote On Measure to End U.S. Support Saudi Arabia in Yemen as Pompeo Pens Op-Ed Touting ‘Vital Partnership’
     

    The U.S. Senate is expected to vote on legislation as early as Wednesday that would end U.S. involvement in the Saudi Arabia-backed war in Yemen, as the Trump Administration continues to publicly express support for the U.S.-Saudi relationship. Politico reports that the bill introduced by Sens. Mike Lee (R-Utah) and Bernie Sanders (I-Vt.) “has gained support since […]

     
  • Saudi Aramco CEO: ‘We Need a Major Acquisition For Us to Be In Different Markets Quickly’
     

    In an interview with Bloomberg, Saudi Aramco’s CEO Amin Nasser said the company is earmarking $500 billion to invest over the next 10 years, including $160 billion for natural gas developments and $100 billion for chemicals projects. The interview, given in Dhahran, Saudi Arabia, said the planned spending would come on top of the already planned purchase of a […]

     
  • Donald Trump Affirms Solidarity with Saudi Arabia in Written Statement as Top Senators Vow Further Action
     

    President Donald Trump vowed on Tuesday to remain a ‘steadfast partner’ of Saudi Arabia despite saying that Saudi Crown Prince Mohammed bin Salman may have known about the plan to murder dissident journalist Jamal Khashoggi last month. “This is an unacceptable and horrible crime,” President Trump said in the statement, but added, “our relationship is with […]

     
  • King Salman Delivers Opening Speech at Shoura Council
     

    King Salman gave his annual speech at the opening of the third year of the Shoura Council’s seventh session on Monday and discussed a number of regional and local issues. The King urged the international community on Monday to halt Iran’s nuclear and ballistic missile programs, and reiterated the kingdom’s support for U.N. efforts to […]

     
  • Gulf Economies Recovering, but Oil Price Volatility Threatens to Weigh on Future Growth – IMF
     

    A recently released report by the IMF found that economic growth in Gulf states will recover in 2018 from a contraction last year, but that future growth remains vulnerable to volatility in crude oil prices. The global lender predicted that an overall energy price recovery from 2015-2016 lows would spur the economies of the six-nation Gulf […]

     

MUST-READS

  • Assad’s Fall Prompts Initial Gulf Unity but Differences and Concerns Are Emerging

    The rapid downfall of the Assad dynasty in Syria has caught the Gulf Arab monarchies by surprise, much as everyone else. Understandably, their initial reaction was somewhat guarded and holding to general principles. All of the Gulf Arab states issued brief statements supporting the preservation of Syria’s government institutions and stability and unity of its people. The Gulf states, like states bordering Syria, are unlikely to escape the consequences of these seismic changes in the heart of the diverse Arab east. There are concerns about the potential for renewed civil strife or terrorism in Syria and the possibility of it spreading to neighboring states Iraq and Jordan. There are already calls for greater Gulf engagement to balance Turkey’s advances and moderate the emerging Syrian leadership. The foreign ministers of Qatar, the UAE, and Bahrain joined Saudi Arabia and the other states of the Arab Ministerial Contact Committee on Syria in Aqaba, where they issued a statement pledging more robust aid and support for the transitioning Syrian government while emphasizing the need for a comprehensive and inclusive national dialogue.

  • Saudi Re sets date for new shares subscription; preemptive rights suspended

    Saudi Reinsurance Co. (Saudi Re) announced today, Dec. 25, subscription period for new shares to increase its capital, while also suspending preemptive rights. In a statement to Tadawul today, Dec. 25, the company said the subscription period will run from Dec. 26 till Dec. 30. It will be limited to the Public Investment Fund (PIF), as specified in the offering prospectus.

  • Saudi Arabia’s Absher Platform Reaches 28 Million Digital Identities Milestone

    The Absher platform serves as a comprehensive digital gateway, enabling users to access various Ministry of Interior services through three main channels: Absher Individuals, Absher Business, and Absher Government. Users can interact with more than 500 government and private entities through the unified national access portal known as “Nafath.” The platform has evolved from its original focus on passport and civil status services to become an integral part of Saudi Arabia’s Vision 2030 digital transformation strategy. Operational data reveals that the Absher platform processed over 605,000 daily operations during the past year, demonstrating the system’s robust performance and widespread adoption. The Ministry of Interior has implemented advanced technical solutions to optimize service procedures and enhance user experiences. The improvements include AI-powered verification systems and cloud-based infrastructure that ensures 24/7 availability.

  • Ministry of Interior: Over 28 million digital identities issued via Absher

    The Saudi Ministry of Interior announced that the number of unified digital identities issued through its electronic platform Absher has exceeded 28 million. These identities enable users to access the ministry's services through its platforms: Absher Individuals, Absher Business, and Absher Government. Moreover, users can interact with over 500 government and private entities via the unified national access portal "Nafath." The digital identity system supports seamless and reliable implementation of digital transformation services and national electronic transactions. By providing electronic services that meet the highest quality standards, the Ministry of Interior has played a significant role in advancing Saudi Arabia's position on the United Nations Digital Services Index.

  • Saudi Arabia leave it late to down Yemen in Gulf Cup

    Saudi Arabia came back in dramatic fashion to defeat Yemen 3-2 on Wednesday to keep their hopes of advancing to the semifinals of the 26th edition of the Arabian Gulf Cup very much alive. After losing to Bahrain in the opening match of Group B, the Green Falcons needed the victory and got it — but only just. Amazingly, Yemen, ranked 99 places below their neighbors at 158 in the world, were two goals ahead by the half hour at the Sulaibikhat Stadium in Kuwait. The first came in the eighth minute. Abdulwasea Al-Matari was given plenty of space to cross from the left for Harwan Al-Zubaidi to arrive at the middle of the six yard box just before Ali Al-Bulaihi to send a header into the net. It was Yemen’s first goal against Saudi Arabia in eight Gulf Cup games

  • Strategies for Success in Consulting: Navigating the Competitive Market in Saudi 2030

    Saudi Arabia’s Vision 2030 is a transformative national plan aiming to diversify the Kingdom’s economy, reduce its dependence on oil, and position the country as a global hub for investment, technology, and innovation. This ambitious vision offers unprecedented opportunities for consultants, but it also intensifies the competition in the market as both local and international consulting firms vie for a share of the expanding sectors. In this context, consulting firms must adopt effective strategies to navigate a competitive and fast-changing environment. This paper explores the key strategies for success in consulting, focusing on building competitive advantages, staying agile in a dynamic regulatory landscape, fostering client relationships, and leveraging emerging technologies to add value.

  • Mancini denies interference in his former Saudi Arabia job

    Roberto Mancini on Thursday dismissed claims that he had encountered interference during his spell at the helm of the Saudi Arabia national soccer team. The 60-year-old Italian left his position on Oct. 24, some 14 months after taking over from Herve Renard, who is now leading the team at the Arabian Gulf Cup held in Kuwait. Under Mancini, the Saudis were knocked out of the Asian Cup in the last 16 earlier this year after losing in a penalty shootout to South Korea. “I would like to say this for the last time, during my career there was absolutely no interference in the selection of players and I am happy with my experience and work in Saudi Arabia,” he posted on the X social media platform.

  • Saudi Arabia Prefabricated Buildings Industry Report 2024: Regional Insights, Competition, Forecast & Opportunities, 2019-2029

    The Saudi Arabia Prefabricated Buildings Market was valued at USD 2.23 Billion in 2023, and is expected to reach USD 3.52 Billion by 2029, rising at a CAGR of 7.73%. The Prefabricated Buildings market encompasses the production, distribution, and utilization of structures that are manufactured off-site and assembled on-location.

  • Snap reveals Saudi National Day’s ‘Kingdom’s Lenscape’ AR Campaign reaches 10 million users

    ‘Kingdom Lenscape’, Snapchat’s augmented reality (AR) campaign in celebration of Saudi National Day 2024, proved to be a huge hit in the Kingdom, achieving a total reach of more than 10 million, over 64 million impressions and 12.8 seconds’ average camera playtime. The ‘Kingdom Lenscape’ campaign featured two pillars; FAKHAR, focused on celebrating national pride, and KARAM, highlighting the culture of gifting and shopping. A number of prominent brands got involved, including Ounass, Huda Beauty, NiceOne, Shahid, Spotify, Alwazn Almithaly, Zyros, Saudi Investment Bank, Laverne and Alwaleed Philanthropies.

  • Saudi defense minister meets Lebanese army commander

    Saudi Minister of Defense Prince Khalid bin Salman met with Lebanese Armed Forces Commander General Joseph Aoun in Riyadh on Thursday. The meeting focused on reviewing military and defense relations between Saudi Arabia and Lebanon. They also discussed the latest developments in Lebanon and ongoing efforts to address them. Several officials from both sides were present at the meeting.