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

  • John Kerry to Visit Saudi Arabia
     

    U.S. Secretary of State, John Kerry, will travel to Kenya, Nigeria and Saudi Arabia next week as part of a tour that is expected to focus on counter terrorism.  Secretary Kerry is expected to be in Jeddah on Wednesday, August 24th. AFP reports that Secretary Kerry will meet with his counterparts from the six-nation Gulf […]

     
  • Ematah (Removal) Campaign Addresses Saudi Litter
     

    The ‘Crying Indian’ was one of the most iconic images on American television in the 1970s. Produced by the Keep America Beautiful organization it featured Iron Eyes Cody as a Native American distraught over the amount of pollution and litter there was in the United States. Litter was a significant issue in America at the […]

     
  • As Entertainment Industry Develops, A ‘Great Opportunity’ for Cinema Business Awaits in Saudi Arabia
     

    With Deputy Crown Prince Mohammed bin Salman’s recent visit to the United States that included meetings with several top entertainment industry executives in Silicon Valley, it is quite possible that entertainment options in Saudi Arabia could be dramatically greater in a decade. But what will that look like? The Vision 2030 document states that the Kingdom’s leaders “consider culture […]

     
  • U.S. State Department Approves Potential $1.15b Sale of 130 Abrams Battle Tanks, 20 Armored Recovery Vehicles to Saudi Arabia
     

    The U.S. State Department has approved the potential sale of more than 130 Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to Saudi Arabia, the Pentagon said on Tuesday. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia for […]

     
  • Gallup Poll on Saudi Attitudes About Economy, Prosperity Sees Hope after Oil, Divide Between Saudis and Expats
     

    A recently released Gallup poll, conducted shortly after the announcement of Vision 2030, found that nearly half of adults (48%) rate their lives well enough to be considered “thriving,” up significantly from 35% a year earlier. Such a large shift in thriving rates in a single year “is rare in any country,” Gallup said. However, there is a sharp […]

     
  • Saudi Presents Investigation into Coalition Bombings in Yemen
     

    An investigative committee examining charges that the Saudi-led coalition fighting against Houthi rebels in Yemen has caused civilian casualties largely defended their actions, Reuters reports. According to the Saudi Press Agency (SPA), the coalition’s investigative committee is independent and composed of representatives from six countries, all members of the Gulf Cooperation Council, in addition to […]

     
  • Reuters Poll: Non-Oil Business Activity Slows in Gulf as Governments Tighten Spending
     

    A recently released Reuters poll of economists finds that non-oil business activity is slowing in the Gulf because of government austerity measures, causing some to revise their economic forecasts down for the region. In 2015, growth in the GCC “began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil,” […]

     
  • Aramco Names Ibrahim Al Buainain as Chief Executive of Its Trading Arm
     

    Saudi Aramco has named Ibrahim Al-Buainain as chief executive of its trading arm, the company said on Tuesday, as Al-Buainain’s star continues to rise within the ranks of the energy giant. Ibrahim Al-Buainain’s promotion to CEO of Saudi Aramco Trading takes effect this month. In November 2014, Aramco named Al Buainain as head of Saudi […]

     
  • Flare Up on Saudi Border with Yemen as Saudi Shoots Down Missile
     

    The Saudi-led military coalition said Sunday that it shot down a ballistic missile fired at the Kingdom from Yemen, according to reports. The missile targeting the southern city of Najran was intercepted at 9:30 a.m. Saturday, a statement carried on the official Saudi Press Agency says. On the same day, Saudi-led airstrikes hit hideouts of the […]

     
  • New Saudi Fund Created by Apicorp and Bahri Seeks to Create Biggest Tanker Fleet
     

    A venture between Arab Petroleum Investment Corporation (Apicorp) and National Shipping Co. of Saudi Arabia (Bahri) “will create the world’s largest fleet of oil tankers and support the kingdom’s plan to boost crude exports,” according to a report in Bloomberg, which cited comments from Dr. Khalid al-Falih. The venture will create a $1.5 billion fund […]

     

MUST-READS

  • Saudi Arabia’s Q2 GDP shrinks by an estimated 0.4% y/y

    Saudi Arabia's real gross domestic product (GDP) shrank 0.4% year-on-year in the second quarter, preliminary data by the government's statistical authority showed on Wednesday, driven by a 8.5% decline in oil activities which has limited overall growth for several quarters. GDP had decreased 1.7% in the first quarter of 2024, as cuts to oil production have continued to weigh on the major oil exporter's economy.

  • Saudi Arabia Is Near End of Economic Slump Lasting Four Quarters

    Forecasts compiled by Bloomberg show the $1.1 trillion economy is set to return to growth in the third quarter with a gain of almost 4%, in what would be the biggest acceleration since the end of 2022. “We expect this to be the last quarter of deeply negative hydrocarbon sector growth,” said Carla Slim, an economist with Standard Chartered Plc.

  • Saudi Cabinet session praises Kingdom’s 2034 FIFA World Cup bid

    The Saudi Cabinet on Tuesday praised the submission of Saudi Arabia’s bid to host the 2034 World Cup, Saudi Press Agency reported. In a session chaired by Crown Prince Mohammed bin Salman, the Cabinet said the hosting of the World Cup would show the Kingdom’s determination to present an exceptional version of the major sporting event. The bid was submitted to FIFA officials in Paris on Monday by a delegation headed by the Saudi minister of sports, Abdulaziz bin Turki bin Faisal, and President of the Saudi Football Federation Yasser Al-Misehal.

  • An insight into the activities of Saudi Arabia’s General Authority for Competition – highlights of its 2023 annual report

    The Authority carried out a staggering number of 548 dawn raids in 2023, meaning an average of 2.2 dawn raids every business day. The Authority investigated 442 entities and ultimately indicted 186 of them.

  • Seizing Opportunities in Saudi Arabia’s Thriving Business Landscape

    Saudi Arabia's free zones have played a pivotal role in attracting foreign investment and fostering economic growth. These zones offer numerous benefits, including tax exemptions, streamlined regulations, and access to a skilled workforce.

  • Saudi commerce minister leads delegation to Korea

    Trade ties in light of the free trade agreement between the Gulf Cooperation Council and South Korea were discussed when a leading Saudi minister met the East Asian country’s prime minister.  As part of his three-day visit to the republic, Saudi Minister of Commerce Majid Al-Qasabi held talks with Han Duck-soo in Seoul. An FTA between South Korea and the GCC was signed in December 2023, with the East Asian nation agreeing to remove tariffs on almost 90 percent of all items, including liquefied natural gas and other petroleum products.

  • Kuwait’s Big New Offshore Oil Find

    Unlike its prolific onshore, Kuwait’s offshore had long been a desert for oil and gas. Now the country has changed that, reporting a large discovery at the Al-Nokhatha field, named for the captain of a dhow, the traditional Gulf ship. How useful is this for the country, and does it herald a turnaround in Kuwaiti petroleum?

  • Turkish-Saudi Normalization Grows Under Security Umbrella

    Saudi Arabia’s burgeoning political and defense cooperation with Turkey has attracted significant attention, especially following visits by these top Saudi officials, which have paved the way for the signing of key cooperation agreements. Turkish policymakers have hailed the pace of advancements in relations with Saudi Arabia, stating that 2024 could be a “golden year” in Turkish-Saudi economic ties. Beyond the aspirations of policymakers from both countries, evolving regional dynamics are providing critical support for the development of closer Turkish-Saudi relations.

  • Israel-Lebanon facing highest risk since October 2023

    Lebanon and Israel are bracing for the highest risk of full-scale war since October 2023. This latest escalation was triggered by a rocket attack on the Arab Druze village of Majdal Shams in the Israeli-occupied Golan Heights on Saturday, July 27 that killed 12 young people. Israel launched a number of airstrikes on Hezbollah targets on Saturday night, but the Israeli security cabinet met Sunday afternoon, after Prime Minister Benjamin Netanyahu’s return from the US, to decide on further targets to be hit in Lebanon.

  • Saudi Commerce Minister Leads Delegation to Boost Trade with Korea

    Saudi Commerce Minister Dr. Majid bin Abdullah Al-Qasabi arrived in Seoul today, leading a Saudi delegation on a three-day visit to bolster trade ties with the Republic of Korea. The delegation, comprising officials from 10 government agencies and 55 business leaders from major national companies, aims to reinforce economic partnerships and participate in the Saudi-Korean Business Forum.