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

MUST-READS

  • GAFT refers 915 investment, export opportunities to Ministry of Investment

    The Saudi General Authority of Foreign Trade (GAFT) referred 915 investment and export opportunities to the Ministry of Investment and the Saudi Export Development Authority (SEDA) in 2023, compared to 948 opportunities referred in 2022. According to GAFT’s annual report, the number of export opportunities referred to SEDA was 660, compared to 871 in 2022. Meanwhile, the number of investment opportunities referred to the Ministry of Investment last year was 255, compared to 77 in 2022.

  • Baker Hughes says US oil rig count unchanged for second week

    The US drilling rig count remained unchanged for the second straight week at 483 in the week ended Aug. 30. Meanwhile, the gas rig count declined by two to 95, the lowest level since April 23, 2021 (94 rigs).

  • Ivan Toney leaves Brentford to join Al-Ahli in Saudi Arabia

    The striker will join Al-Ahli after the Saudi club agreed to pay Brentford a transfer fee reported to be $52 million. The Saudi Pro League had been quiet this summer — in contrast to big spending a year ago — but lured the England international away amid reported interest from Premier League clubs.

  • Reforms to Saudi legal sector set to attract foreign law firms to the Kingdom

    The proposal seeks to amend the first paragraph of Article 50 of the Kingdom’s Code of Law Practice. If enacted, it would allow non-Saudi law firms to set up wholly foreign-owned professional companies. These firms would offer legal advice on the Kingdom’s regulations and represent clients in court through registered Saudi lawyers. Details posted on the Istitlaa platform reveal that this project aims to advance the legal profession, improve the quality and efficiency of the industry, and integrate global expertise into the local context.

  • Torrential rains trigger urban flooding in Saudi Arabia

    Saudi Arabia was struck by thunderstorms and flash flooding on most of its Red Sea on Friday with footages on social media showing roads inundated and cars stranded in floodwater, according to The National. The rains are expected to last until Tuesday prompting the directorate to urge the citizens to remain on alert and adhere to safety guidelines issued through media as per the Saudi Gazette.

  • Saudi Arabia records 21% surge in credit card loans to reach $8bn

    Saudi banks recorded a 21 percent annual surge in credit card loans in the second quarter of 2024, reaching SR30.04 billion ($8.01 billion), according to official data. Figures from the Saudi Central Bank, also known as SAMA, showed that this is the highest quarterly figure reported, and the most substantial annual growth seen in a year.

  • Saudi Cyclists Continue to Win Medals at the Track Asia Cup 2024

    The Saudi cycling team has been performing exceptionally well at the Track Asia Cup 2024, currently taking place in Suphan Buri, Thailand. With over 160 athletes from 28 nations participating, the Saudi riders won two bronze medals today.

  • Saudi Arabia extends the tax amnesty scheme until 31 December 2024

    In March 2020, the Zakat, Tax and Customs Authority (ZATCA) released a tax amnesty program in the context of the COVID-19 pandemic, with the aim of mitigating its impact on taxpayers. This tax amnesty scheme exempted taxpayers complying with certain requirements from fines and penalties arising from late registrations, late payments and late filing of tax returns in relation to certain taxes.

  • EU Gulf Envoy: Saudi Arabia Is a Crucial Global Player

    Luigi Di Maio, the EU Special Representative for the Gulf region, told Asharq Al-Awsat that the recent visit by the President of the European Council to Saudi Arabia was to prepare for the upcoming EU-Gulf Cooperation Council (GCC) summit in Brussels on October 16. This will be the first summit between the two regional organizations, with leaders from both sides attending, marking a significant step in their cooperation. Di Maio stressed the importance of strong ties between leaders, noting that European Council President Charles Michel has been dedicated to strengthening these relations since his first visit to the Gulf two years ago, when he met with Saudi Crown Prince Mohammed bin Salman in Jeddah.

  • Saudi Arabia arrests 20,718 illegal residents in a week

    The Ministry of Interior announced the arrest of 20,718 illegal residents during inspection raids carried out by its officials in all regions of Saudi Arabia during last week. The arrests were made during the joint field security campaigns carried out by security forces and the concerned government agencies during the period between Aug. 22 and Aug. 28. The arrested persons included 13,248 violators of the Residency Law, 4688 violators of the Border Security Law, and 2,782 violators of the Labor Law.