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Recent stories from sustg
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Saudi Arabia’s PIF Launches Real Estate Registration Services Company in Effort to Digitize Sector
- September 6,2022
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, has launched a company that aims to digitize and develop the local real estate sector through a comprehensive digital platform, according to a report in the UAE-based outlet The National.
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Saudi Arabia’s Energy Minister Says Paper and Physical Oil Markets ‘Have Become Increasingly More Disconnected’
- August 23,2022
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- SUSTG Team
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals, and as a result, OPEC+ may be forced to cut production to balance the market, Bloomberg reports.
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Saudi Central Bank Study: Digital Payments Exceed Cash for First Time in Saudi Arabia
- August 15,2022
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- SUSTG Team
Electronic payments exceeded the use of cash for the first time in Saudi Arabia in 2021, a study conducted by Saudi Arabia’s Central Bank found.
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Knight Frank’s Faisal Durrani on real estate trends in Saudi Arabia, the Saudi economy has a big 2Q, and more…
- August 5,2022
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- SUSTG Team
Episode 55! The 966 welcomes Faisal Durrani, Partner and Head of Middle East Research at Knight Frank, the London-based global real estate consultancy. Knight Frank just released two reports on Saudi Arabia’s commercial and residential real estate sectors, providing unique insights into one of the world’s fastest growing real estate markets. Faisal joins The 966 […]
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IMF Raises Saudi Economy Growth Forecast for 2023 to 3.7%, Despite ‘Gloomy’ Global Developments
- July 27,2022
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- SUSTG Team
The International Monetary Fund has raised its expectations for the growth of the Saudi economy in 2023 to 3.7 percent, up from its April forecast of 3.6 percent.
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Saudi Arabia’s Venture Capital Funding Soars Threefold to $584m in the First Half of 2022
- July 21,2022
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- SUSTG Team
Saudi Arabia’s nascent venture capital scene is beginning to roar to life, tallying a threefold year-on-year increase in venture capital investments in the first half of 2022, according to a report on the sector by Magnitt.
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Ahead of President Biden’s Visit, Administration Said to Mull Resumption of Offensive Arms Sales to Saudi Arabia
- July 11,2022
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- SUSTG Team
Ahead of President Biden’s visit to Saudi Arabia this week, the Biden administration is discussing the possible lifting of its ban on U.S. sales of offensive weapons to Saudi Arabia, four sources told Reuters in an exclusive item.
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Leading Saudi architect and urban designer Dhay Aldhawyan joins The 966, MBS visits regional powers, and much more…
- June 24,2022
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- SUSTG Team
In episode 49, The 966 welcomes Dhay Aldhawyan, a leading architect and urban planner based in Riyadh who is Head of the Center for Development of Urban Design and Planning of Saudi cities, to discuss her journey and some of the big projects and developments happening now across Saudi Arabia. The 966 hosts also discuss […]
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Saudi-Israeli normalization, women in family businesses in Saudi Arabia, and a conversation with management consultant Jack Fowler from YCP Solidiance
- June 3,2022
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- SUSTG Team
Episode 46! The 966 talks with Jack Fowler, director at the global management consulting firm YCP Solidiance and co-author of a new white paper on Saudi Arabia’s construction industry. But first, the hosts talk about “normalization” between Saudi Arabia and Israel, Saudi women in family businesses in the Kingdom, and then wrap up the week’s […]
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King Salman Appoints Former Ambassador to the United States Adel Al-Jubeir as Envoy for Climate Affairs
- May 30,2022
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- SUSTG Team
King Salman has appointed Adel Al-Jubeir as Saudi Arabia’s envoy for climate affairs, according to a royal order issued over the weekend. The appointment builds on the official portfolio of Al-Jubeir, who will continue holding his current positions of minister of state for foreign affairs and member of the Council of Ministers.
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MUST-READS
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Lebanese billionaire Najib Mikati picked as new PM-designate
Mikati, who has been prime minister twice before and unlike many Lebanese leaders does not hail from a political bloc or dynasty, received 72 votes out of a total of 118 members of parliament.
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U.S. General Won’t Commit to Ending Airstrikes on Taliban
With the militants making advances across Afghanistan, the top American general there suggested that airstrikes may continue, even with the U.S. troop pullout largely completed.
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Israel Ben & Jerry end of sale in West Bank overshadows Pegasus NSO spyware scandal
Free-speech and digital rights activists want to see a moratorium on the sale and transfer of spyware technology until a more transparent global regime to monitor these exports is in place. Israel’s booming tech sector could fall under particular scrutiny.
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Blinken meets with Qatari leader, who pledges to help US in Afghanistan, Lebanon, and Yemen
Secretary of State Antony Blinken met with the prime minister of Qatar Thursday to discuss regional crises in Afghanistan, Lebanon, and Yemen. Deputy Prime Minister and Minister of Foreign Affairs Mohammed bin Abdulrahman Al-Thani backed U.S. calls to promote "peace and security" through a strategic partnership.
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The changing Saudi banking landscape
In 2020 NCB, Saudi Arabia’s largest bank, had its most profitable year to date, achieving a net operating revenue of SAR21.5 billion ($5.3 billion). This was driven by a 99% increase in the bank’s residential finance portfolio, resulting in a net increase in income of 7% in its retail banking operation.
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Lebanon’s water system on brink of total collapse, says UN
Lebanon's water supply system is on the verge of total collapse, according to the United Nations Children's Fund (UNICEF), in what would mark the latest development in the eastern Mediterranean country's slide into chaos. More than 71 percent of the country's population — over 4 million people including 1 million refugees — are at immediate risk of losing access to safe water, UNICEF said on Friday.
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Saudi Aramco Chairman Yasir Al Rumayyan Joins Mukesh Ambani
Mukesh Ambani’s Reliance Industries (RIL) today said that the appointment of Saudi Aramco Chairman Yasir Al Rumayyan as an independent director of the company has taken effect from July 19
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‘Moment of Truth’ Approaching for Crisis-Wracked Lebanon
The Lebanese pound is now trading on the black market at 22,000 to the dollar, around 15 times the official rate of 1,500. The government is running out of hard currency to subsidize staple products, medicines and gas, and the most common sights in the country are miles-long lines of ill-tempered motorists to fill up tanks. Hospital directors say they are running out of medicine.
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Saudi Arabia bans citizens from travel to Indonesia – SPA
Saudi Arabia said on Wednesday it had banned direct or indirect travel by citizens to Indonesia over concerns about the coronavirus outbreak there, the state news agency SPA reported.
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Saudi Arabia bans citizens from travel to Indonesia -SPA
Saudi Arabia said on Wednesday it had banned direct or indirect travel by citizens to Indonesia over concerns about the coronavirus outbreak there, the state news agency SPA reported.
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