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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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War in YemenUAE and Saudi Arabia hold talks with Yemen’s Al Islah party – The National
Al Islah fighters have been fighting alongside forces loyal to Yemeni president Abdrabu Mansur Hadi in Marib province, east of Sanaa, for three years.
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BlockchainUAE, Saudi working on digital currency for cross-border deals
The digital currency would be based on blockchain, the shared ledger of transactions that is maintained by a network of computers on the internet rather than a central authority, he said in a speech to a regional financial conference.
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AfricaSaudi Arabia, UAE pledge to provide $130 million to fight jihadi threat in Africa’s Sahel region.
Saudi Arabia, UAE pledge to provide $130 million to fight jihadi threat in Africa's Sahel region.
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UAE Space AgencyUAE looks to Mars for STEM inspiration
The UAE Space Agency was formed as recently as 2014, and Dubai's Mohammed bin Rashid Space Center was established in 2015. The center has already successfully launched two home-grown satellites, and the Emirates is targeting Mars with plans for a probe in 2020 -- the Arab world's first mission to another planet. More ambitious still, there are plans to develop a human settlement on Mars by 2117.
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Saudi-UAESheikh Khalifa forms joint military alliance between UAE and Saudi Arabia
While the GCC has been a forum for Gulf Arab countries to pursue their common interests for nearly 40 years, the current summit is dominated by the continuing dispute with fellow member Qatar, over its support for extremist organisations and its ties with Iran.
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Saudi-UAEUAE and Saudi Arabia forge economic and military alliance
Sheikh Khalifa bin Sultan al-Nahyan, the UAE president, said in a statement that a “joint co-operation committee” would be established to co-ordinate in “all military, political, economic, trade and cultural fields”.
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Qatar CrisisSaudi Arabia, UAE, Bahrain withdraw from Qatar-hosted Gulf Cup amid crisis
Gulf Cup organizers said Thursday that Saudi Arabia, United Arab Emirates and Bahrain had “withdrawn” from the Qatar-hosted tournament, amid a political crisis between the neighbors.
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UAE MiragesDassault to modernize UAE’s Mirage fleet for a reported $350M
The United Arab Emirates plans to order an upgrade for its fleet of Mirage 2000-9 fighter jets, Dassault Aviation said Tuesday.
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UAE F-16sUAE agrees $1.6 billion deal with Lockheed Martin to upgrade F-16 fighters
The United Arab Emirates will pay Lockheed Martin Corp (LMT.N) 6 billion dirhams ($1.63 billion) to upgrade 80 F-16 jet fighters, a Defense Ministry spokesman said on Sunday.
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LebanonSaudi, UAE, Kuwait urge citizens to leave Lebanon
Saudi Arabia, the United Arab Emirates and Kuwait have advised their citizens not to travel to Lebanon and urged those who are in the country to leave as soon as possible.
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