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
-
SABIC’s Profit Surges in 2Q Amid Booming Demand for Petrochemical Products
Saudi-based petrochemicals giant SABIC hit a $2 billion quarterly profit in the second quarter of this year as a healthy global demand for its products drove sales, according to reports. SABIC also said it expects this solid performance to continue in the second half of 2021, “backed by healthy demand and rising oil prices,” according to Reuters.
-
Jadwa Chartbook: Oil Prices Continue Climb for Third Straight Month, Benefitting Saudi Economy
A third straight monthly gain for oil is benefitting the Saudi economy, as SAMA FX reserves rose in June by $8.8 billion month-on-month and the non-oil PMI was unchanged at 56.4, indicating continued growth, a recently-released monthly Chartbook by Jadwa Investment for the month of June notes.
-
Saudi PPP to Invest $15 Billion in New Technology Fund – Report
A Saudi public-private partnership will launch a $15 billion technology fund “to advance the digital infrastructure in the Kingdom,” a report in Arab News said, based on an announcement at a conference in Riyadh on Wednesday.
-
Ivory Coast beat Saudi Arabia 2-1 in Kingdom’s Olympic Soccer Opener
The Ivory Coast beat Saudi Arabia 2-1 in the Kingdom’s opening Olympic soccer match on Thursday in Yokohama, Japan. Ivory Coast’s Franck Kessie scored the go-ahead goal in the 66th minute in a disappointing start for the Kingdom’s Tokyo dreams. On the Saudi side, Salem Al-Dossari scored the Kingdom’s lone goal in the match.
-
Saudi Startups Raise Over $250m So Far in 2021, Report Says
Dubai-based research platform Magnitt says Saudi Arabian startups raised more than a quarter of a billion dollars in venture capital (VC) funding during the first half of 2021, as the Kingdom looks to continue to develop entrepreneurship within its borders. Magnitt says that VC funding in MENA increased by 12% from FY’20, “marking a quarterly […]
-
Oil Demand Soars in 2021, Expected to Grow Further as Market Reacts to Reported Saudi-UAE Agreement
Global demand for oil is soaring in 2021 as the world rebounds from the pandemic year, according to OPEC data and shared by Riyadh-based Jadwa Investment in an oil market update.
-
Report: Algosaibi Family Conglomerate AHAB Near Debt Settlement after Nearly 12 Years
One of Saudi Arabia’s largest and longest debt sagas, ongoing for nearly 12 years, is set to finally reach a resolution. Saudi Arabia’s Algosaibi family’s conglomerate AHAB and its creditors have submitted a debt restructuring proposal to the Dammam commercial court this week after approval from a creditor committee, Reuters reports.
-
Saudi Reaches Key 70% Vaccination Milestone, but New Cases Reach 10-Month High
Saudi Arabia’s Ministry of Health (MoH) on Wednesday said it has administered more than 16.8 million vaccine doses covering 70 percent of the total adult population in Saudi Arabia, a key milestone as the Kingdom progresses toward a full recovery from the pandemic, according to the Saudi Gazette.
-
For Second Straight Year, Saudi Arabia Puts Safety First with Plans for Scaled Back Hajj in 2021
Saudi Arabia announced over the weekend that this year’s Hajj pilgrimage will be limited to no more than 60,000 people, all of them from within the kingdom, as authorities seek to build on progress combatting the ongoing coronavirus pandemic.
-
Saudis Surge Investments into U.S. Stock Market in Q1 2021 as Overseas Inflows Reach Record Highs
The total amount invested by Saudi traders in the U.S. stock market through companies licensed by the Capital Market Authority (CMA) surged 162 percent, year-on-year, to SR77.4 billion ($20.64 billion) in the first quarter, Zawya reports, citing data compiled by financial website Argaam.
- 10 of 3036 results<< 1 … 36 37 38 39 40 … 304 >>
MUST-READS
-
UN refugee agency says 25% of Lebanon under Israeli evacuation orders
Israel, which began incursions into south Lebanon two weeks ago to battle Iran-backed militant group Hezbollah, has issued military evacuation orders affecting more than a quarter of the country, the U.N. refugee agency said on Tuesday. The figures underscore the heavy price Lebanese are paying as Israel steps up its campaign to defeat Hezbollah and destroy its infrastructure in their one-year conflict.
-
Global EV sales up 30.5% in September as China shines, Europe recuperates
Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday. Gains in the U.S. market have been slow and steady in anticipation of the Nov. 5 election, which makes it difficult to predict future trends in the country, data manager Charles Lester told Reuters.
-
US missile system in focus as Iran warns against strike by Israel
The Joe Biden administration’s decision to deploy an anti-missile system to Israel and send US troops to operate it has drawn a strong reaction from Iran. This comes as a senior Islamic Revolutionary Guard Corps (IRGC) commander has warned of strong retaliation if Israel goes through with its pledged strike in response to Iran’s recent missile attack.
-
Kremlin backtracks from comments on Saudi BRICS membership
The Kremlin rowed back on Tuesday from earlier comments describing Saudi Arabia as a member of the BRICS group of countries, and left open the question of whether the kingdom would be represented at a BRICS summit in Russia next week. Saudi Arabia has been invited to join BRICS but has not yet formally done so. Last week, however, Kremlin aide Yuri Ushakov described it as a BRICS member and said its foreign minister would attend the summit in the Russian city of Kazan.
-
Saudi Arabia’s inflation rate inches up to 1.7% in September
Saudi Arabia's annual inflation rate edged up to 1.7% in September, from 1.6% in August, government data showed on Tuesday, with increases in housing rents the main driver once again. Overall housing rents rose by 11.2% in September, according to the General Authority for Statistics, driving up prices for the combined Housing, Water, Electricity, Gas and Other Fuels category which jumped 9.3%. Rental price hikes have been the key driver of inflation in Saudi Arabia for much of this year.
-
US OKs Sale of 220 Sidewinder Missiles to Saudi Arabia
The US has approved the $251.8-million sale of AIM-9X Block II Sidewinder Missiles and related support to the Kingdom of Saudi Arabia. The deal includes 220 Raytheon AIM-9X Block II Sidewinder Tactical Missiles, missile containers, support equipment, spares, missile software, training, and related technical assistance and program support.
-
Saudi Aramco Sponsorship of HackHarvard Sparks Criticism
“It’s very ironic that Aramco is sponsoring and one of the tracks is sustainability. Come on HackHarvard. Do a better job,” said Sami Nourji, a junior at Brown University. Aramco recruiter Kira Worysz, who spoke at the opening ceremony, defended Aramco’s involvement in the event in an interview. “We’re in the business of getting oil out of the ground and bringing it to the world, but at its root, we’re a technology company,” Worysz said.
-
Ericsson and KACST Partner to Launch Advanced 5G Gaming Lab in Saudi Arabia
Ericsson and King Abdulaziz City for Science and Technology (KACST) in Riyadh, Kingdom of Saudi Arabia announce their partnership to establish a joint advanced connectivity lab for gaming and beyond at KACST’s premises, named as “Blink Lab”. The lab will feature a private 5G network and serve as a testbed for training, research, product development and commercialization of innovative gaming solutions from from global and local ecosystems.
-
Saudi Civil Defense warns of thunderstorms until Friday
The General Directorate of Civil Defense has issued a warning that there will be thunderstorms in several regions of Saudi Arabia until Friday. The Makkah region is expected to experience moderate to heavy rainfall, accompanied by flash floods, hail and strong winds, the Saudi Press Agency reported on Monday. Taif, Maysan, Adham and Al-Ardiyat are particularly at risk, while Turabah may have light rainfall.
-
Saudi Arabia to appoint private operators to manage 4 airports soon, says Al-Falih
“The government is moving away from direct business involvement. Empowering and enabling the private sector is essential,” Al-Falih stated. He highlighted that the Madinah airport, the Kingdom’s most efficient, is managed by a private operator under a long-term concession, while King Abdullah Port, built with no government capital expenditure, is also privately operated.
- 10 of 60805 results<< 1 … 37 38 39 … 6,081 >>