SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Saudi Arabia: E-Visa for Tourism Expanded to Certain UK, US, EU and Schengen Visa Holders and Permanent Residents

    Effective immediately, the Ministry of Tourism expanded the eligibility for e-visas for tourism to individuals holding a valid business or tourist visa issued by the United Kingdom, United States, or Schengen Area countries; permanent residents of the United Kingdom, United States or European Union; and their first-degree relatives. Previously, these individuals could only obtain a visa-on-arrival.

  • Chart: Saudi Arabia’s European Soccer Shopping Spree

    Saudi Arabian clubs' European shopping spree has not been limited to players, either. Following on from former Spurs manager Nuno Espírito Santo's move to Al-Ittihad last year, Liverpool legend Steven Gerrard joined Al-Ettifaq as head coach this week.

  • Chinese EVs have yet to succeed in Europe. The Middle East could be different

    Despite their ambitious plans, Chinese EV makers yet to achieve the level of success they had hoped for in Europe. In 2022, BYD held a mere 0.3% market share across 14 major European markets, while Xpeng and Nio, which both entered Europe in 2021, each accounted for 0.1% of the region, according to auto data tracking site EU-EVs. Western carmakers continue to dominate the market, with Tesla enjoying a 15% share, Volkswagen with 11.3%, and BMW with 6.2%. It’s too soon to say if China’s ambitious EV makers will ever establish a strong foothold in Europe, but the early tepid performance is driving them to hedge their bets. They are setting their sights on a region halfway between Europe and China — the Middle East.

  • Europeans plan to keep ballistic missile sanctions on Iran

    European diplomats have told Iran they plan to retain European Union ballistic missile sanctions set to expire in October under the defunct 2015 Iran nuclear deal, four sources said, a step that could provoke Iranian retaliation. The sources cited three reasons for keeping the sanctions: Russia's use of Iranian drones against Ukraine; the possibility Iran might transfer ballistic missiles to Russia; and depriving Iran of the nuclear deal's benefits given Tehran has violated the accord, albeit only after the United States did so first.

  • Tri-nation Gas Swap Agreement Could Transform Europe’s Energy Market

    The volume of gas being transited between Turkmenistan, Iran, and Azerbaijan under a groundbreaking three-way swap agreement signed in late 2021 is expected to grow by 70 percent this year according to Majid Chegeni, the head of Iran's national gas company, NIGC. Chegeni did not mention the volume of gas he expected to be transited to Turkmenistan this year but the original agreement allowed for between 1.5 and 2 billion cubic meters a year, a volume which numerous subsequent reports said would quickly be increased.

  • Jamjoom Pharmaceuticals Soars in Debut After Saudi Arabia’s Biggest IPO of 2023

    Jamjoom Pharmaceuticals Factory Co. rose by the maximum allowed in its trading debut after the generic drugmaker pulled off the largest initial public offering in Saudi Arabia this year. The stock gained as much as 30% by 10:10 a.m. in Riyadh. In May, the company’s owners raised 1.26 billion riyals ($336 million) after the shares were priced at the top end of the range at 60 riyals each. The listing, the largest in the kingdom since Saudi Aramco Base Oil Co. raised $1.3 billion in December, has served as a gauge of investor appetite as Saudi Arabia’s IPO market slowly comes back to life.

  • Saudi club to bid $65M for Tottenham’s Son Heung-Min

    Al Ittihad are ready to move for Tottenham Hotspur forward Son Heung-Min with an opening bid in the region of €60 million ($65 million) plus bonuses, a source close to the negotiations told ESPN. Top clubs from Saudi Arabia are interested in a number of Premier League stars this summer, and Son has become the latest high-profile name to be approached over a move.

  • First EU Gulf Envoy Takes Office Amid Push to Revamp Ties

    As the last of several measures taken by Brussels to shore up EU-GCC relations, the appointment of a special representative for the Gulf is intended to enhance the EU’s regional presence and create a conducive atmosphere for engagement.

  • 10 European countries call on Israel to halt demolition of Palestinian homes – Middle East Monitor

    Ten European countries have called on Israel to halt its policy of home demolitions and confiscation of Palestinian properties in the occupied West Bank, reports Anadolu Agency. The call came in a joint statement issued by the consulates general of Belgium, France, Italy, Spain, Sweden, the UK, Denmark, Finland, Germany, Ireland and the Office of the European Union Representative to the West Bank and Gaza.

  • MCIT inks partnership with PepsiCo and AstroLabs to empower over 100 Saudi entrepreneurs

    PepsiCo — one of the leading global food and beverage manufacturers — celebrated the success of its ‘Scale Up Accelerator’ program. Showcasing the achievements of the program’s participants, the event spotlighted the growth of entrepreneurship in the Kingdom, calling attention to Saudi Arabia’s development as a thriving SME hub.