SUSTG.com / Research

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

Browse Research Topics

Recent stories from sustg

  • In Win for Saudis, OPEC Agrees On ‘Modest’ Increase in Oil Production
     

    The Organization of the Petroleum Exporting Countries (OPEC) agreed on Friday on a modest increase in oil production from July, Reuters reports, after its de-facto leader Saudi Arabia “persuaded arch-rival Iran to cooperate” amid calls from major consumers to help reduce the price of crude and avoid a supply shortage. The increase followed days of […]

     
  • Report: Saudi Binladin Group (SBG) to be Renamed and Resized after Rough Decade, Graft Allegations
     

    The one time leader in Saudi Arabia’s construction market, Saudi Binladin Group, will be slimmed down and renamed, according to an exclusive Reuters report, which cited six sources familiar with the matter. The government seized management control of the construction giant from the chairman and other family members after they were detained in anti-graft arrests last […]

     
  • In Boost to Corruption Reforms, King Salman Signs Order Protecting Whistleblowers
     

    Saudi Arabia’s King Salman has ordered protection for employees who report financial and administrative corruption, according to reports, an indication that the Kingdom is taking seriously its efforts to combat graft. King Salman’s order is an “interim measure while more detailed legislation is finalized,” according to Faisal bin Farhan, the top advisor to the Royal Embassy […]

     
  • ‘Huge Potential’ for Tourism in Saudi Arabia, Jadwa Finds
     

    A recently published research report by Riyadh-based Jadwa Investment finds a ripe landscape for investment and job growth potential in Saudi Arabia’s budding tourism sector, set for gains as the Kingdom continues to open up. “Despite high local demand and consumer spending, the sector has not been a strong performer yet, offering sizeable growth opportunities for […]

     
  • Saudi Aramco Inks Two Deals Worth Nearly $50 Billion
     

    Saudi Aramco inked two deals yesterday totaling a whopping $49 billion as the state-run oil company ramps up to a planned public offering. The Wall Street Journal and Reuters report that India and Saudi Arabia on Wednesday signed an agreement to set up a “mega” crude-oil refinery with a capacity to process 1.2 million barrels a day, […]

     
  • With Entertainment Opportunities in Focus, Saudi Pitches to 250 Hollywood Elite
     

    Saudi officials on Wednesday pitched ambitious entertainment industry plans to about 250 representatives from major Hollywood financiers and players in Los Angeles. The event, organized by the Saudi General Entertainment Authority at the Four Seasons Hotel in Beverly Hills, featured Saudi investment and private-sector leaders who “promised a cadre of services to facilitate U.S. investment and partnerships […]

     
  • Report Says ‘Comprehensive Solution’ for Yemen Civil War under Negotiation between Saudi Arabia, Houthis
     

    Saudi Arabia and armed Houthi forces are holding heretofore secret talks to try to end the three-year-old war, diplomats and Yemeni political sources told Reuters. Two diplomats and two Yemeni officials said Houthi spokesman Mohammed Abdul-Salam had been in direct communication with Saudi officials in Oman on a “comprehensive solution” to the conflict, the report said. “There are consultations […]

     
  • Saudi Government Aims for $57 Billion Growth in Mortgage Industry by 2020, Report Says
     

    Saudi Arabia’s housing ministry has set a target for the mortgage market to reach a total value of 502 billion riyals ($134 billion) by 2020 from a current 290 billion riyals ($77.3 billion), according to a report in Reuters which cited the Kingdom’s minister of housing Majed al-Hogail. That goal can be reached through new efforts […]

     
  • Flurry of Deals as Crown Prince Mohammed bin Salman Visits Egypt
     

    After a unique military escort given by Egyptian fighter jets and a warm welcome from Egypt’s top leaders upon arrival, Saudi Arabia’s Crown Prince Mohammed bin Salman wasted little time in dealmaking with Egypt’s President Abdel Fattah El-Sisi. The two countries moved forward on several major agreements. Saudi Arabia and Egypt agreed to set up a $10 […]

     
  • Reports Confirm Mohammed bin Salman to Visit U.S. in March; Schedule Remains Unclear
     

    Conflicting reports have emerged in the U.S. media in the past 24 hours surrounding an expected visit by Crown Prince Mohammed bin Salman to the United States this month. Last night, an exclusive report by Joyce Karam for The National said the Crown Prince would visit the United States for a longer visit, starting March […]

     

MUST-READS

  • Trump Goes on Saudi State TV and Says He Has “So Much Respect” for Crown Prince Linked to Bone-Saw Murder

    Appearing on Saudi state-owned TV network Al Arabiya, Trump said that while the relationship between Saudi Arabia and the United States is “fine right now,” when he was president, “it was great with capital letters. G-R-E-A-T, great.” (Yes, he actually spelled it out.) Trump added that he has “so much respect for the king, so much respect for Mohammed, who is doing great. I mean, he’s really a visionary. He’s done things that nobody else would have even thought about.” Later in the interview, he declared MBS a “great guy” who is “respected all over the world.”

  • Saudi Arabia Announce First Batch of Companies Eligible for Exploration Enablement Program (EEP)

    Launched at the Future Minerals Forum (FMF) in January 2024, this initiative aims to attract global investments and drive growth in Saudi Arabia’s mining and mineral industry as outlined in Vision 2030. The program attracted interest worldwide, with companies proposing innovative exploration ideas that align with the EEP’s objectives. After a thorough evaluation by key authorities and experts, six companies with 49 applications were chosen for the program from a competitive pool of 82 applications submitted by 18 companies.

  • Fifa urged by women’s soccer players to scrap sponsorship with Saudi oil company Aramco

    More than 100 professional women’s soccer players have signed an open letter to Fifa urging the global governing body to end its sponsorship with Saudi oil giant Aramco. Fifa confirmed a deal with Aramco, which is majority-owned by the Saudi government, in April. The company will sponsor both the 2026 men’s World Cup and 2027 Women’s World Cup in an agreement reportedly worth up to US$100 million a year.

  • Tawaref series: A step-by-step guide to Saudi Iqama process

    The Iqama is a residency permit issued to foreign nationals living and working in Saudi Arabia. It is a crucial document for any expatriates, including foreign investors who wish to reside in the country with their families. Although you can start working in the country without an Iqama, most services are blocked.

  • Consulting Industry Booms in the UAE, Saudi Arabia: Video

    The difficult road to partnerships and promotions at some of the world’s largest consulting firms can run through the Middle East these days. And for McKinsey and BCG, the region ranks among the strongest globally based on revenue and profitability. Bloomberg News' Abeer Abu Omar discusses the industry's playbook with Jennifer Zabasajja on Horizons Middle East & Africa.

  • Saudi: Nadec records 83% YoY higher net profit in 9M-24 on back of $648mln revenue

    The National Agricultural Development Company (Nadec) witnessed an 83.39% surge in net profit to SAR 326.59 million during the first nine months (9M) of 2024 from SAR 178.08 million in 9M-23. The company attributed the annual growth in net profit to several factors including the SAR 2.43 billion sales generated during January-September 2024, which were 1.76% higher than SAR 2.39 billion in the corresponding period a year ago, according to the financial results.

  • Saudi restaurant and cafe sales boost August POS spending to $15.6bn

    Saudi Arabia’s point-of-sale spending reached around SR58.51 billion ($15.6 billion) in August, marking a 9.67 percent rise compared to the same month last year, according to the latest data. Figures from the Saudi Central Bank, known as SAMA, revealed that 36 percent of POS spending during this period — totaling SR16.55 billion — was spent on beverages, food, restaurants, and cafes, reflecting a 4.72 percent increase. This growth was primarily driven by higher spending in restaurants and cafes.

  • Saudi Arabia: First week of Riyadh Season welcomes two million visitors

    The first week of Riyadh Season 2024 drew in an impressive two million visitors, Saudi Arabia’s General Entertainment Authority (GEA) announced on Sunday. With an exciting lineup of events and attractions, Riyadh Season 2024 is poised to solidify the Saudi capital’s status as a global entertainment destination, the Chairman of the GEA Turki AlAlshikh said in a statement carried by the Saudi Press Agency (SPA).

  • Saudi Aramco CEO ‘fairly bullish’ on China oil demand

    Saudi Aramco (2222.SE), opens new tab is "fairly bullish" on China's oil demand especially in light of the government's stimulus package which aims to boost growth, the head of the state-owned oil giant said on Monday. "We see more demand for jet fuel and naphtha especially for liquid-to-chemical projects," Aramco CEO Amin Nasser said on the sidelines of the Singapore International Energy Week conference. "A lot of it is happening in China mainly because of the growth in chemical needs. Especially for the transition, for the electric vehicles, for the solar panels, they need more chemicals. So that's huge growth there," Nasser said.

  • Saudi holdings of US Treasuries rise to $142.8B in August

    Saudi Arabia’s holdings of US Treasuries reached $142.8 billion in August, up by $89 million month-on-month (MoM), new data released by the US Treasury showed. The Kingdom's holdings of US Treasuries in August were the highest in nearly four and half years, i.e. since March 2020. Accordingly, Saudi Arabia maintained its 17th place among the largest holders of US Treasuries for the month.