SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • On the rise: Saudi Arabia’s thriving entrepreneurial culture

    Monshaat works closely with stakeholders at every end of the ecosystem to ensure that great ideas grow into the companies of tomorrow and helps to upskill thousands of entrepreneurs, startups, and SMEs through a wide range of incubators, accelerators, consultation services, networking opportunities, and other growth-enhancing activities. The results to date have been strong, with Saudi’s non-oil economy growing by its fastest rate in seven years in Q4 2022.

  • A Qatari bid for Manchester United raises issues for European soccer

    In a statement confirming the bid, the sheik said the funds would come from the Nine Two Foundation, an entity of which there is little public record. But his wealth is tied to the QIB, which is, in turn, 50% owned by the Qatari Investment Authority, the investment branch of Qatar’s sovereign wealth fund. The QIB chairman is the son of Hamad bin Khalifa Al Thani, the powerful former emir of Qatar who was also a former head of the country’s sovereign wealth fund. Sheik Jassim’s brother, Sheikh Tamim bin Hamad Al Thani, is the current emir of Qatar.

  • Explainer: Which industries pay CO2 costs in Europe?

    The price of carbon emissions permits in Europe's carbon market, the world's most established, hit a record high of 100 euros ($107) per tonne on Tuesday. Here's what you need to know about the European Union's emissions trading system (ETS) and sectors affected by rising costs in the scheme:

  • Ukraine war spurs European demand for U.S. arms, but not big-ticket items

    European demand for U.S. weaponry is soaring, but instead of big-ticket items like jets and tanks, shopping lists are focused on cheaper, less-sophisticated items such as shoulder-fired missiles, artillery, and drones that have proven critical to Ukraine's war efforts. Countries close to Russia like Poland, Finland and Germany are striking deals to build U.S. weapons in Europe, negotiating new deals to buy arms and looking to speed up existing contracts, according to interviews with military officials and industry executives, and a Reuters review of recent announcements by governments and defense manufacturers.

  • The EU Ban on Russian Oil: Crude Implications for the Middle East

    Middle Eastern petroleum exporters have gained overall from the Russia shock, mainly in the form of higher prices. They have also benefited from opportunities to refine, store, and redistribute Russian crude and can continue to benefit from them going forward.

  • Atlantic Council’s inaugural Rafik Hariri Awards to honor Arab leaders in business, social entrepreneurship, and arts

    In a ceremony to be held at Washington, D.C.’s John F. Kennedy Center for the Performing Arts, Rafik Hariri Award recipients will include: Sir Magdi Yacoub, founder of the Magdi Yacoub Global Heart Foundation, Magdi Yacoub Foundation, and Chain of Hope for the Social Impact Award; Fatma Said, award-winning soprano for the Artistic Excellence Award; and Ahmad Abu Ghazaleh, executive vice chairman of Abdali Hospital for the Business Leadership Award.

  • The comeback kingdom: What a resurgent Saudi Arabia means for Europe

    The Saudi Public Investment Fund’s decision in 2022 to establish six funds channelling $24 billion towards Egypt, Oman, Iraq, Jordan, Sudan and Bahrain is one of the clearest indications of Riyadh’s strategy to expand its soft power in these countries and beyond. Saudi leaders are bent on fighting corruption and getting a return on their investments, by tying money to IMF-sanctioned reforms. This means Saudi and European approaches to regional investments are now more aligned.

  • The comeback kingdom: What a resurgent Saudi Arabia means for Europe

    The Saudi Public Investment Fund’s decision in 2022 to establish six funds channelling $24 billion towards Egypt, Oman, Iraq, Jordan, Sudan and Bahrain is one of the clearest indications of Riyadh’s strategy to expand its soft power in these countries and beyond. Saudi leaders are bent on fighting corruption and getting a return on their investments, by tying money to IMF-sanctioned reforms. This means Saudi and European approaches to regional investments are now more aligned.

  • Europe has spent more than $800 billion shielding citizens from the energy crisis

    In total the countries of the EU, plus the UK and Norway, have spent or earmarked more than $800 billion (€792 billion) to support energy consumers and customers, according to Bruegel, an economic policy think tank. By far the biggest spender, on most metrics, is Germany, which has allocated a massive €268 billion to support energy consumers.

  • How China is maneuvering to secure new foothold in GCC

    During Xi’s state visit, China finalized over 40 deals with Saudi Arabia covering the climate, technology, and energy sectors. Saudi Minister of Investment Khalid Al-Falih stated that the accords will “contribute to raising the pace of economic and investment cooperation between the two countries.” Meanwhile, the Chinese president heralded a “new era” in the bilateral relationship.