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

  • 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 […]

     
  • Key to the kingdom
     

    2012 is likely to be the tipping point for the Gulf’s most ambitious real estate project. If the good results continue, and companies carry on signing up to take advantage of the transport infrastructure coming online in 2013, then KAEC looks set to snowball. But when will the city be fully completed? “Our target is […]

     
  • Oil Prices Fall Below Break-Even for Several Nations
     

    Citibank expects that Russia will have a very turbulent next five years, given their estimate that Brent crude prices will likely settle close to $85 over that time period. Oil producers are beginning to feel the future threat of peak demand for oil caused by multiple factors — including unconventional liquid fuels — breathing down […]

     

MUST-READS

  • Saudi Foreign Minister arrives in Russia to participate in BRICS meeting

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan arrived in Nizhny Novgorod, Russia, on Monday to participate in the BRICS ministerial meeting to be held on Tuesday. The Saudi minister's visit comes at the invitation of the Russian Foreign Minister. Saudi Arabia is attending the meeting as an invited country to join the group. During the meeting, the Foreign Minister will discuss with the BRICS countries issues and priorities of mutual interest, international developments, and global challenges. He will also hold a number of bilateral meetings on the sidelines of the conference.

  • Saudi Arabia debt issuance ramps up to finance Vision 2030 projects

    GCC governments have issued about $45 billion in bonds and sukuk so far this year, putting the region’s sovereigns on track for the most debt issuance since 2020. The volume has increased significantly this year, with the first half of 2024 alone reaching well above the $33 billion issued in the whole of last year.

    Oil prices have averaged $83 per barrel so far this year, similar to the average for last year, and several countries that have issued bonds and sukuk this year are expected to run budget surpluses in 2024, including the UAE and Qatar.

  • Saudis Said to Hand About 60% of Aramco Offer to Foreigners

    Foreign investors were allocated about 60% of the shares on offer in Saudi Aramco’s $11.2 billion stock sale, people familiar with the matter said, marking a turnaround from the oil giant’s 2019 listing that ended up as a largely local affair.

  • Saudi Arabia committed to cooperate in global efforts to protect marine resources, says climate affairs envoy

    Saudi Arabia’s climate envoy, Adel Al-Jubeir, on Saturday said the Kingdom is committed to cooperate with the international community in enhancing efforts to protect oceans and marine resources. Al-Jubeir, who is also minister of state for foreign affairs and a member of the Council of Ministers, reaffirmed the Kingdom’s commitment in a speech at Ocean Action: Immersed in Change, a high-level event in the Costa Rican capital, San Jose, the Saudi Press Agency reported.

  • Saudi Red Sea Authority Partners With The Khaled Bin Sultan Living Oceans Foundation

    We are thrilled to announce a significant new partnership between the Khaled bin Sultan Living Oceans Foundation and the Saudi Red Sea Authority (SRSA). This collaboration marks a major milestone in our ongoing efforts to advance marine conservation and promote sustainable marine tourism in the Saudi Arabian Red Sea. The partnership was officially established today with the signing of a memorandum of understanding (MoU) in Riyadh, Saudi Arabia. The signing ceremony was attended by prominent representatives from both organizations, including Mr. Mohammed Al-Nasser, Acting CEO of SRSA, and HRH Princess Hala bint Khaled bin Sultan Al-Saud, president of the Khaled bin Sultan Living Oceans Foundation.

  • Saudi Arabia to establish independent network to serve industrial and business sectors

    The Communications, Space and Technology Commission (CST) announced that the Global Digital Integrated Solutions Company (Aramco Digital) has qualified to obtain a Specialized Radio Network License in the 450 MHz band after completing the regulatory procedures for the license. The license aims to serve the industrial and business sectors by establishing a dedicated network independent from mobile networks, operating on the latest global wireless technologies.

  • Saudi GDP falls 1.7% in Q1 2024

    Saudi Arabia’s real gross domestic product (GDP) dropped by 1.7% year-on-year (YoY) in the first quarter of 2024, data issued by the General Authority for Statistics (GASTAT) showed.   Oil activities declined by 11.2% during the three-month period, while non-oil and government activities rose by 3.4% and 2% YoY, respectively.   GASTAT earlier announced it adopted the chain-linked methodology in calculating the real GDP and issued the Q4 2023 bulletin based on the new methodology, transitioning from the traditional fixed base-year methodology.

  • Saudi Arabia’s automotive market surges amid shifting consumer preferences

    The Kingdom imported 93,300 cars in 2023, marking a significant increase from the previous year’s 66,900, as revealed by Hamoud Al-Harbi, spokesperson for the Zakat, Tax and Customs Authority. This surge brings the total number of cars imported in 2022 and 2023 to 160,000, with major contributors including Japan, India, South Korea, the US, and Thailand.

  • Saudi Arabia’s private sector workforce surges to 11.3 million

    The number of employees in the Saudi private sector soared to 11.37 million last month, indicating significant job growth, according to an official labour agency.
    The Saudi National Labour Observatory (NLO) reported in a monthly publication that the workforce comprises 9 million expatriates and 2.3 million Saudis, including 971,323 female citizens.

  • PGA Tour reports ‘progress’ without details in meeting with Saudi wealth fund leaders

    The PGA Tour reported progress without details from a face-to-face meeting between its negotiating committee and the Public Investment Fund of Saudi Arabia as it tries to work toward a deal. “We want to get this right, and we are approaching discussions with careful consideration for our players, our fans, our partners and the game's future,” the tour said in a statement released Saturday morning.