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

  • Report: Saudi Modified Mineral Investment System Preparation Done: Al-Falih
     

    The Saudi Ministry of Energy, Industry and Mineral Resources announced Sunday the completion of the modified mineral investment system which will “open the path for investors and the private sector to benefit from promising investment opportunities in this vital sector in the Kingdom of Saudi Arabia,” according to reports. Saudi Arabia’s Minister of Energy, Industry […]

     
  • Saudi Aramco, US Firm NOV Sign Deal for Onshore Oil Rigs, Equipment
     

    Saudi Aramco signed a deal with Houston-based National Oilwell Varco Inc. (NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, according to a press release by Aramco and reported in several news outlets. The Houston Chronicle reports the joint venture with Saudi Aramco is for “the manufacturing of land […]

     
  • Saudi Arabia’s Grain Organization will Privatize Four Mills as Reforms Reach More Sectors
     

    Saudi Arabia’s state grain buyer, the Saudi Arabian Grains Organization (SAGO), said on Thursday it would start accepting applications for qualification of potential investors interested in the sale of its four mills on Aug. 26 as the push toward privatization across several sectors in the Kingdom continues. Reuters reports that the agency “will also make […]

     
  • Potentially Lucrative Decision for Saudi Arabia on MSCI Inclusion Today
     

    Saudi Arabia will hear news regarding its inclusion into MSCI, Inc.’s highly sought-after emerging market index. The announcement is expected at 4:30pm today on the U.S. East coast, or 23:30 tonight in Riyadh. As Bloomberg writes, the Kingdom’s path toward potential inclusion in the index began three years ago with a concerted effort toward more transparent […]

     
  • Tough Start for Saudi Arabia Football at World Cup; Uruguay Next
     

    Host country Russia defeated Saudi Arabia 5-0 in a tough start for the Kingdom’s first World Cup bid in 12 years. Saudi Arabia’s Crown Prince Mohammed bin Salman watched the match alongside of Russia’s President Vladimir Putin, and video images of the two leaders reacting to the match have gone viral on social media sites. […]

     
  • Saudi Arabia Set to Launch $32 Billion Plan to Jumpstart Housing Market
     

    Saudi Arabia’s Public Investment Fund-backed mortgage company, the Saudi Real Estate Refinance Company (SRC), plans to roll out new funding soon to the Kingdom’s lenders to boost home ownership in Saudi Arabia, according to a report. Announced in October 2017, the creation of the SRC and the overall plan for $32 billion to boost home ownership […]

     
  • Jadwa Investment Chartbook: SAMA Reserves Rise and Other Positive Signs for Saudi Economy
     

    The latest monthly edition of the Saudi Chartbook published by Jadwa Investment finds positive indicators for the Saudi economy as growth picks up in the Kingdom. According to Jadwa, non-oil exports in March increased by 1.8 percent year-on-year, the Kingdom’s FX reserves soared to the largest monthly increase since October 2013, and while inflation ticked […]

     
  • Saudi Arabia’s Central Bank Sees Reserves Soar on High Oil Prices
     

    Saudi Arabia’s central bank foreign reserves rose last month at their fastest rate for four years, Reuters reports on official data revealed on Monday. The $13.3 billion month-on-month increase in reserves to $498.9 billion in April is the highest level reached in over year and reveals “the extent to which a rebound in oil prices is […]

     
  • Oil Hits $80 for First Time in Three Years, Saudis Consulting Other Producers on Supply
     

    The price of oil reached $80 on the Brent Crude Index this week for the first time in three years, prompting Saudi Arabia’s powerful Minister of Energy Khalid Al-Falih to tweet a message urging coordinated action to allay supply “anxiety,” according to reports. Al-Falih said in a Twitter post that he had called his counterparts […]

     
  • Ramadan Begins Today in Saudi Arabia
     

    Ramadan officially begins in Saudi Arabia Thursday, as millions of Muslims in the Kingdom and around the world prepare for a month of fasting, which is intended to bring Muslims closer to Allah and remind them of those less fortunate. The Islamic calendar is 11 days shorter than the Gregorian calendar, so each year, the […]

     

MUST-READS

  • The Coming Israel-Hezbollah War

    In the days and weeks ahead, the Biden Administration will have a crucial role to play in averting war or limiting its worst outcomes, particularly in light of Iran’s threat to join the battle in Hezbollah’s defense. U.S. mediation can also provide diplomatic off-ramps once Israel and Hezbollah are prepared to explore a political settlement that could bring their fight to a close.

  • Saudi Aramco signs 20-year LNG supply deal with US energy firm Sempra

    Global trade in LNG reached 404 million tonnes last year – up from 397 million tonnes in 2022 – with tight supplies constraining growth, according to Shell's 2024 LNG outlook. Global LNG demand is estimated to rise by more than 50 per cent by 2040, driven by increasing industrial coal-to-gas switching in China and the use of more LNG in South Asian and South-East Asian countries to support economic growth, the February report said.

  • Saudi Arabia issues $1.17 billion in sovereign sukuk across three tranches in June

    The National Debt Management Center in Saudi Arabia has announced the closure of the June 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The total amount allocated for this issuance was set at SAR4.414 billion ($1.17 billion). The Sukuk issuance was divided into three tranches. The first tranche has a size of SAR1.6 billion and matures in 2027. Additionally, the second tranche has a size of SAR53 million and matures in 2031. Meanwhile, the third tranche has a size of SAR2.761 billion and matures in 2034.

  • CNBC’s full interview with Saudi Arabia’s minister of economy

    Faisal Alibrahim, minister for the economy and planning for Saudi Arabia, discusses trade and tech opportunities with China.

  • Saudi Arabia’s legal sector braces for shake-up as govt mulls foreign ownership reforms for law firms

    Saudi Arabia’s legal community is abuzz with speculation almost two weeks after reports emerged on the kingdom mulling a move to potentially allow foreign-owned law firms to establish wholly-owned subsidiaries, experts told Arabian Business. This move could reshape the Saudi legal market and attract more international players to the region’s largest economy, potentially transforming the landscape of legal services in the Gulf’s most populous nation.

  • Saudi defense chief in China in bid for help with Houthis, boost military ties

    Grant Rumley, a senior fellow at the Washington Institute for Near East Policy, said that the reason for Prince Khalid's visit is Riyadh leaning on China to curb attacks by the Houthi rebels in Yemen on ships in the Red Sea. "China has leverage with Iran and has largely successfully protected its own interests vis a vis the Houthi attacks; the Saudis are likely hoping China will be able to apply some pressure on the group," Rumley told Al-Monitor.  

  • Saudi Women’s Quest For Change Enabled Them Earn Citizenship Rights

    “Far from being passive victims of their society, Saudi women are active agents who possess the tools and the necessary resilience that enable them to militate for their citizenship rights. This goes against prevailing stereotypes, especially in the West,” says Prof. Salhi.

  • Saudi announces winning bidders for 6 metal ore exploration sites

    The Saudi Ministry of Industry and Mineral Resources announced Wednesday preferred bidders for its fifth mining licensing round, with the bidders' total exploration spending across six mining sites exceeding 136 million Saudi riyals (about 36.25 million U.S. dollars). The tenders included the exploration rights of a variety of metal ores from regions covering 1,000 square km in total, the Saudi Press Agency reported. The ministry's spokesperson, Jarrah bin Mohammed Al-Jarrah, said the six sites, offered in the fifth round of the Saudi Exploration Competition, constitute the largest area the kingdom has ever recorded for a group bid.

  • Deaths at Saudi haj show challenge of shielding pilgrims from lethal climate

    Hundreds of the pilgrims who died in fierce heat at this year's haj were not officially registered with the Saudi authorities, with the result that many had no access to vital services like air-conditioned buses and cool-off tents. The deaths highlight a looming challenge for organisers as climate change takes hold in the region: the practice of requiring official permits for such services is stirring concern that unregistered pilgrims could increasingly be exposed to life-threatening temperatures.

  • Two hardline candidates drop out on eve of Iran’s presidential race

    Two hardline candidates dropped out of Iran's presidential election on Thursday, a day ahead of the landmark vote, and called for unity among forces supporting the country's Islamic revolution, state media reported.
    Iranian's tightly controlled election on Friday follows Ebrahim Raisi's death in a helicopter crash last month, with the outcome expected to influence the succession to Ayatollah Ali Khamenei, the top decision-maker in the clerically-ruled state.