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

  • Saudi public sector’s bank credit rebounds
     

    Bank lending in Saudi Arabia is continuing at a generally brisk pace, the National Commercial Bank said in its “GCC Financial Market Quarterly” released Monday.The report said liquidity conditions supporting this credit expansion remain very benign. However, the growing economic confidence has begun to hit deposit growth somewhat and the annual pace of expansion decelerated […]

     
  • Jadwa Investment’s Saud June 2012 Inflation Report
     

    Jadwa Investment’s recently released June inflation report found year-on-year inflation for Saudi Arabia eased again in June, slipping to 4.9 percent from 5.1 percent in May, the first time it has been below 5 percent since August 2011. The Riyadh-based investment firm also found lower rental inflation caused most of the fall. Jadwa’s report is […]

     
  • Saudi Arabia Ghazal Defies Camels as SUV for Desert Market
     

    Saudi Arabia is venturing into a territory normally reserved for automakers. The kingdom is developing the Ghazal, a sport-utility vehicle for the hazards of the desert, to diversify its economy beyond oil. The SUV, built by King Saud University in Riyadh, is an all-wheel drive vehicle with a rugged carbon-fiber frame aimed at taking on […]

     
  • Sarah Attar Is a Saudi Trailblazer, By Way of the U.S.
     

    One of the first women to compete for Saudi Arabia at the Olympics was born and raised in California. The athletes are Wodjan Ali Seraj Abdulrahim Shahrkhani, who competes in judo, and Sarah Attar, a 19-year-old junior at Pepperdine University and a graduate of Escondido High School in California. Attar, who trains in San Diego, […]

     
  • Living Social
     

    In their pursuit to be where the young consum­ers are, brands have long identified social media as a crucial place to establish a presence. Where else will you find huge numbers of youngsters highly active and engaged? Results from market research company TNS indicate that 68 percent of MENA youth spend 12 hours per  week […]

     
  • Saudi Arabia to Send Olympic Women Athletes for First Time
     

    Saudi Arabia will send female athletes to the Olympic Games for the first time, the International Olympic Committee said, ending a ban by the kingdom where women aren’t allowed to drive. Wodjan Ali Seraj Abdulrahim Shahrkhani will compete in judo at the London Games and Sarah Attar will run the 800 meters. The athletes, who […]

     
  • Saudi Arabia Weighs Annual Budget to Boost Clean Energy
     

    An annual budget for renewables would differ from the feed- in tariffs that Germany, Spain, Italy, France and Britain offered to spur solar and wind power in their nations. Germany was first to introduce the feed-in tariff in 2004 and became the world’s biggest market for solar because of the subsidy, which is paid for […]

     
  • Saudi Arabia wins oil battle against Iran
     

    It seems that the first round in the series of the ferocious battles between Iran and Saudi Arabia, the two giant oil-exporting countries, was settled in favor of the latter. The Kingdom continued to produce oil regardless of the Iranian threats warning the Kingdom against filling the shortage in oil supplies that might result from […]

     
  • Showing Pragmatism, Egypt’s Morsi Looks to Saudi
     

    The first official foreign visit of any newly elected president represents a significant symbolic statement. Knowing this, new leaders choose their first visit very carefully, often selecting a country that is either a major strategic ally or an important trade partner. Nonetheless, the Egyptian government’s announcement that President Mohammed Morsi’s first foreign visit will take […]

     
  • Underground in Arabia
     

    Born and raised in Dhahran, I thought I had seen most of the natural wonders of the Eastern kingdom from the towering dunes of the Rub’ Al Khali to the pristine reefs of the Gulf, so it was a true surprise to read the manuscript for John Pint’s Underground in Arabia. I had visited the […]

     

MUST-READS

  • Slowing Chinese economy no threat to Saudi oil exports – yet

    Slower economic growth in China in the second quarter of this year has raised concerns about Saudi Arabia’s ability to maintain funding lines from its main trading partner. The Chinese economy grew at a year-on-year rate of 4.7 percent, down from 5.3 percent in the previous quarter. In the retail sector, the pace of growth slowed to an 18-month low as deflationary pressures forced businesses in the world’s second-largest economy to cut prices on everything from cars to food and clothes.

  • Saudi’s New Murabba Stadium will be ready for the 2034 FIFA World Cup

    Part of the grand $800 billion New Murabba project, the stadium is just one piece of the puzzle. The project aims to double the size and population of the capital, turning downtown Riyadh into a cultural hotspot. Alongside the stadium, the project will include a museum, a technology and design university, a multi-purpose immersive theatre, and over 80 cultural and entertainment venues.

  • Saudi Arabia stresses importance of strengthening international order to prevent chaos and conflicts

    Moreover, the Cabinet reaffirmed the Kingdom’s commitment to enhancing international cooperation to ban weapons of mass destruction and prevent their proliferation during the meetings of the Executive Council of the Organization for the Prohibition of Chemical Weapons. The Cabinet emphasized the organization’s role in maintaining international peace and security and the full and effective implementation of all provisions of the Chemical Weapons Convention.

  • Saudi Crown Prince congratulates Iranian President on election victory during a phone call

    Crown Prince and Prime Minister Mohammed bin Salman congratulated President Dr. Masoud Pezeshkian on winning the presidential elections in Iran during a phone call on Wednesday. The Crown Prince and President Pezeshkian praised the development of relations at all levels, stressing the importance of continuing to enhance cooperation in various fields between the two countries. The Iranian President expressed his gratitude and appreciation to Crown Prince Mohammed bin Salman for his kind wishes.

  • Saudi Aramco backs AI startup

    A venture unit of Saudi Arabian oil company Aramco is making its first U.S. AI-related investment, backing a pre-Series A round for San Francisco-based AiXplain, AiXplain is one of a growing number of startups that aim to transform generative AI from chatbots into agents who can take action. The startup also wants to ensure that Arabic languages are better represented.

  • Will growing Saudi investment in Iraq hit Iranian roadblock?

    Gulf Arab investment in Iraq has swelled in recent years, signaling a new and widening rapprochement with Baghdad. Yet, while Iran and Saudi Arabia last year agreed to normalize relations, it is unclear whether Arab investment in Iraq—without stoking Iranian ire—is tenable. Riyadh and its Arab neighbors recognize that any move against their interests by Iran-backed  Iraqi armed groups would undermine the investments that their broader strategy depends on.

  • Will Gulf Camping Survive the Tourism Boom?

    The Gulf Cooperation Council’s “Grand Tours” unified visa is expected to launch by the end of 2024, permitting intercountry travel for foreign nationals living in all six GCC states akin to the European Union’s Schengen Area. With the unified visa projected to ease travel logistics and boost tourism revenue, tourism sectors across the GCC states are strategically working to craft multicountry tourism packages in tandem with the announcement of the visa.

  • Israel bombards central Gaza as tanks advance deeper in Rafah

    Israeli forces bombarded the Gaza Strip's historic refugee camps in the centre of the enclave and struck Gaza City in the north on Thursday, killing at least 13 people, and tanks pushed deeper into Rafah in the south, health officials and residents said. One Israeli airstrike killed six people in Zawayda town in central Gaza and two other people were killed in a strike on a house in Bureij camp. An Israeli air strike killed three people in a car in Deir Al-Balah, a city packed with people displaced from elsewhere in Gaza, health officials said.

  • Saudi Arabia sees 60 million tourists in first half of 2024

    Saudi Minister of Tourism Ahmed Al-Khateeb announced that in the first half of 2024, the number of tourists reached 60 million, spending a total of SR150 billion. He emphasized the country's commitment to developing the tourism sector, which currently represents 3% of Saudi Arabia's GDP, while noting that the sector  accounts for 10% of the global economy. Al-Khateeb revealed that in 2023, Saudi Arabia welcomed approximately 109 million tourists, including 27 million international visitors, placing the country 11th globally in terms of tourist numbers.

  • VLCC rates under pressure as Saudi Arabia slashes exports

    New data from Vortexa shows VLCC utilisation for OPEC+ – excluding Iran and Venezuela – fell sharply during June and reached a record low earlier this month, as exports from the group, especially Saudi Arabia, fell sharply. “The lack of sizeable alternative routes for VLCC flows, i.e. outside of OPEC+ (mostly Middle East) to Asia, is likely to keep VLCC rates under pressure,” Vortexa warned in a tanker update this week. VLCC rates have been on the slide this month, ducking well below the $30,000 a day mark.