We can't find results matching your search.

Adjust your search and try again or browse topics and stories below.

Recent stories from sustg

  • Saudi Arabia remains largest takaful market
     

    The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an integral part of the mainstream financial system, with Saudi Arabia at the forefront, Ernst & Young executive said Wednesday at the opening of “The World takaful Conference: Asia Leaders Summit (WTC: ALS 2012)” at Hotel Istana, Kuala Lumpur. South East […]

     
  • Jadwa Chartbook June 2012: Sectoral Performance
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking, trade, and sectoral performance. Below is a snapshot of Jadwa’s analysis of the performance of Saudi Arabia’s main economic sectors. For the full Jadwa report, click […]

     
  • In Major Shift, Saudi Aramco Dabbles in Oil Trading
     

    Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]

     
  • Riyadh among lowest risk cities in Mideast
     

    Riyadh is among the lowest risk cities in the region, with a rating that puts it ahead of international business hubs such as Milan, Lisbon, Istanbul and Moscow, according to the findings from the 2012 People Risk Index, created by Aon Hewitt, the global human resources business of Aon plc. The Aon Hewitt 2012 People […]

     
  • Jadwa Chartbook June 2012: Trade
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s analysis of Saudi imports and exports and letters of credit. 

     
  • The Middle East fights the Flame, but virus spreads anyway
     

    Two years ago there was Stuxnet, a virus that targeted Iranian uranium-enrichment infrastructure. Now Flame, a mutating piece of malware, is continuing to spread, infecting more than 1,000 Windows-powered computers across the Middle East. It’s centered on Iran, but has also spread to Israel and Palestine, Saudi Arabia, Syria, and even Sudan. Flame is a huge virus — 20 megabytes […]

     
  • Wider world opened to Saudis studying abroad
     

    Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom’s largest companies at a recent career fair in Riyadh. A few years ago she would have worried about the disapproving reaction of friends and parents to the notion of a young woman […]

     
  • Jadwa Chartbook June 2012: Banking
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi chartbook which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s banking sector analysis.

     
  • Saudi Construction Sector: A Sleeping Giant Awakes
     

    Deloitte’s recently released report, “GCC powers of construction 2012: Five lessons to learn” assesses the current prospects of Saudi Arabia’s construction sector.  Deloitte paints a very optimistic picture noting Saudi Arabia’s leading position in the GCC with regard to population and GDP.  It also highlights the ambitious spending plans established in the latest 5-year development plan announced in […]

     
  • Saudi, Kuwait, UAE lead Q1 GCC corporate earnings growth
     

    Earnings of Saudi Arabian companies totalled $6.7 billion, an increase of 15 per cent YoY and 28 per cent QoQ. SABIC, which reported $1.9 billion in Q1 profits, saw its bottom-line decline by five per cent YoY due to softening of global petrochemical prices when compared to Q1 2011. Saudi Banks continued its stable growth […]

     

MUST-READS

  • Thousands of upgraded properties in Saudi Arabia see rental yield soar by up to 50%

    Carrying out upgrades and modernising properties can yield an increase in rent revenue of between 25 and 50 per cent in a market that has been relatively flat outside the capital Riyadh, where 44 per cent of the kingdom's real estate transactions took place.

  • Saudi Arabia’s open banking strategy a game-changer

    In May 2022, the institution, also known as SAMA, went live with its open banking initiative, which has altered the future of financial technology in the Kingdom and the wider region. Open banking is a technological innovation that enables customers to securely share their data with third parties. “Open banking changes the very nature of relationships across the financial ecosystem for Saudi Arabia and for the region as a whole. This is only a good thing,” said Al-Moayed.

  • Saudi Arabia’s Booming Fashion Industry Offers Entrepreneurs Lucrative Opportunities

    The Small and Medium Enterprises General Authority (Monsha'at) released its report for the first quarter of 2024, shining a spotlight on the Kingdom's thriving fashion sector and the wealth of investment potential for entrepreneurs.

  • 60 Saudi students graduated from elite American universities

    As many as 60 Saudi scholarship students were graduated from a number of elite universities of the United States of America. The Saudi Club at Harvard University organized a ceremony to honor the graduates from Harvard University, the Massachusetts Institute of Technology (MIT), Boston University, and Tufts University at the Harvard Medical School in Boston on Friday.

  • Riyad Capital expects revived Saudi economy in 2024-2025

    The Saudi economy is likely to witness a recovery in 2024 and 2025, with continued strong growth in the non-oil sector, Riyad Capital expected in the Q2 2024 Saudi Economy Chartbook report.   The recovery will be driven by a growth-oriented fiscal policy and a focus on increasing investment expenditure to stimulate growth in the coming years.   According to the report, the non-oil sector is seen to grow by 4.8% in 2024 and 5.2% in 2025.

  • Private aviation soars in Saudi Arabia as more businesses take to the skies

    Valued at $1.2 billion in 2023 according to TechSCI research, this segment is projected to grow at a compounded annual growth rate of 8.88 percent between 2025 and 2029.

  • What a Turkish drone in the Raisi crash crisis reveals about Iran’s UAV capabilities

    Hours after the helicopter carrying Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian went down near the border of Azerbaijan Sunday, Iran reached out to its regional neighbor Turkey for assistance in finding the crash site through dense fog. Turkey dispatched one of its thermal- and night-vision capable, domestically produced AKINCI unmanned aerial vehicles, and, according to Turkish officials, they discovered the downed chopper. Turkish media released video of what was supposedly the “heat source” identifying the crash.

  • Saudi Arabia anticipates strong investor demand for private jet industry

    Infrastructure plans call for six private jet airports and nine dedicated terminals in commercial airports to improve connectivity. The increased airport capacity will accommodate the forecast growth of 24 business jets per 10,000 inhabitants (it was five jets in 2021) and for 90 per cent of the business jets owned by Saudis to be based in the kingdom rather than abroad.

  • Future Aviation Forum exceeds expectations: $21 billion in deals and forward-looking vision

    One of the most notable highlights was Saudia Group’s announcement of the largest-ever aircraft deal in Saudi aviation history with the European aerospace major, Airbus. This landmark agreement includes the acquisition of 105 aircraft, comprising Airbus A320neo and A321neo models, thereby increasing Saudia Group’s Airbus order backlog to 144 A320neo family aircraft.

  • Saudi sovereign wealth fund to reorganize management amid budget crunch, sources say

    Saudi Arabia's $925 billion sovereign wealth fund is weighing a reorganization that could see managers assume some internal responsibilities from governor Yasir Al-Rumayyan, people familiar with the matter told Reuters.
    The Public Investment Fund (PIF) aims to sharpen its focus on investments that have a higher chance of success, said the people, after scaling back some of its flagship "giga-projects" due to rising costs.