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Recent stories from sustg
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83% of SMEs in Saudi Arabia Optimistic About Future Growth, New Mastercard Middle East Study Finds
83% of small and medium enterprises (SMEs) in Saudi Arabia are optimistic about the next 12 months, according to the latest research by Mastercard in a new report released by the company.
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Saudi Arabia Moves Ahead to Round 3 of World Cup Qualifiers with Decisive Win Against Uzbekistan
Saudi Arabia sailed to a victory over Uzbekistan on a final, decisive day of the Asia region’s Round 2 qualifying matches to march on to Round 3 in hopes of qualifying for the World Cup in 2022. Saudi Arabia cruised past nearest challengers Uzbekistan 3-0 on June 15 to win Group D.
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Flurry of New Deals Builds on Early 2021 Momentum for Saudi Venture Capital
Saudi Arabia’s venture capital scene continues to grow at an impressive clip as new deals and investments into Saudi companies – or by Saudi venture firms – builds on early growth so far in 2021.
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Saudi Arabia’s Economy Jolts to Life as New Economic Data Shows ‘Significant’ Increase in PMI, Non-Oil Exports
Saudi Arabia saw a significant increase in non-oil PMI in April 2021 as both business activity and new orders grew at a faster rate, Jadwa Investment’s recently-released Chartbook for the month said.
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Saudi Arabia’s ACWA Power Begins Construction on South Africa’s Largest Renewable Project
Saudi-based ACWA Power has announced the start of construction on the 100MW Redstone solar thermal project in South Africa following financial close of the deal, according to reports.
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Flurry of U.S.-Saudi Diplomatic Activity as Allies Huddle on Yemen, Mutual Interests
Top diplomatic officials from the U.S. and Saudi Arabia met in Riyadh over the weekend to discuss bilateral relations and areas of mutual interest, according to official government accounts and information shared on Twitter. Several meetings were held between the two allies. Saudi Arabia’s top diplomat, Prince Faisal bin Farhan Al-Saud, and the Kingdom’s Ambassador to the […]
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Saudi Arabia Sees a Surge in Foreign Investment into the Kingdom in 2020 Despite the Global Pandemic
Saudi Arabia saw a surge in total foreign investment into the Kingdom despite a global economic slowdown in 2020, official data from the Saudi central bank confirmed. Foreign investment in Saudi Arabia passed the SR2 trillion ($0.53 trillion) mark for the first time at the end of 2020, despite the financial impact of the COVID-19 […]
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In Latest Saudi Labor Figures, Women Lead Overall Drop in Unemployment
A recently-released report on the Saudi labor market, using figures from Q4 2020, showed a sizable drop in unemployment among Saudis from the previous quarter, according to Jadwa Investment, citing official government data. The General Authority for Statistics’ (GaStat) latest labor market release shows that unemployment in Saudi Arabia declined 2.3%, to 12.6% in Q4 2020, down […]
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Reports Say Saudis, Iran Held Direct Talks Facilitated by Iraqis
The London-based Financial Times reports that Saudi Arabia and Iran have held direct talks in Iraq on easing tensions, with the process being facilitated by Iraqi prime minister Mustafa al-Kadhimi, who held talks with Prince Mohammed in Riyadh last month.
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New Regulatory Framework Aims to Encourage Foreign Ownership of Real Estate in Saudi Arabia – Report
A new report in the London-based Asharq Alawsat revealed an under-consideration initiative within a larger national strategy new regulations enabling non-Saudis’ ownership of real estate in the Kingdom, a move that hopes to attract foreign capital and increase investments in the sector.
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MUST-READS
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Deception and the Iran deal: Did the Obama administration mislead America, or did the Rhodes profile?
For The New York Times to publish allegations that the president of the United States actively deceived the American people on an urgent and heavily contested foreign policy issue without providing a shred of actual evidence represents a shocking abdication of editorial oversight by a publisher who should know better.
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Commentary: Can France Make Middle East Peace?
Since the beginning of the year, the French government has been building support for an international conference to restart the Israel-Palestine peace process. France deserves applause for its brave effort to revive a process that has been going nowhere for the better part of a decade. But success will require more than courage. Any international bid to resolve the problem of Palestine depends on six factors.
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The Kuwait talks: Yemen’s last chance for peace?
At the time of writing the Kuwait talks are ongoing, already rendering them the longest lasting and most successful of the UN’s attempts to broker a peace agreement in Yemen.
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Video: Pain Ahead for Saudi Banks?
With reform underway in Saudi Arabia, you might expect the country's banking industry would be set for a boom, but a trifecta of high borrowing costs, increased bad loans and slow economic growth means the kingdom's banks might, instead, be facing a bit of a downturn. Bloomberg's Sam Potter reports on "Bloomberg Markets Middle East."
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Perspective: Is Saudi Vision 2030 realistic?
I think there are critical aspects of this vision that have yet to gain full attention. Social values, as the vision says, “will be based on moderation, tolerance, perfection, discipline, justice, and transparency, and our focus will be on achieving growth of these values and areas.”
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How can al-Qaeda in the Arabian Peninsula be defeated?
This “liberation” of Mukalla from al-Qaeda rule raises awkward questions.
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Is Iraq’s Most Important Battle in Baghdad?
ut the most consequential fight for the country’s future may be playing out in Baghdad’s Green Zone, not with bullets and bombs, but amid an unanswered cry for political reform to a deeply dysfunctional and sectarian state.
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Is There Evidence Of Saudi Deception In The Sept. 11 Report? : Audio
What do we know concerning Saudi Arabia's alleged involvement in the Sept. 11 attacks, and when may the report's 28 classified pages be made public?
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What’s Wrong with Obama’s National Security Council?
The NSC staff has become bigger, roughly doubling since 1992 to about 400 people.
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Analysis: Saudi: A new hope?
This plan should be understood as a plan to develop increased economic resilience for the Kingdom under an assumption of a “lower for longer” oil price scenario.
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