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Recent stories from sustg
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Will Saudi Arabia Purchase a Stake in Hollywood’s Largest Agency?
- January 17,2018
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a 5-10% stake in Endeavor, the holding company for Hollywood talent agency William Morris Endeavor (WME), for $500 million, according to reports. The Beverly-Hills, California based agency formed in 2009 as a merger between William Morris Agency and Endeavor Agency and represents artists across […]
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Ride-Sharing Apps in Saudi Arabia Begin Recruiting Women as Drivers
- January 11,2018
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- SUSTG Team
Ride sharing apps Uber and Careem have reportedly begun recruiting female drivers following the landmark royal decree permitting women the right to drive in Saudi Arabia, CNN reports. Careem has launched a series of 90-minute-long training sessions in Saudi, targeting Saudi women who have already obtained valid driving licenses from abroad. Those sessions are “taught by […]
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Saudi-based Restaurant Management Startup Raises $4m
- September 26,2017
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- SUSTG Team
A restaurant management startup in Saudi Arabia has raised a $4m Series A investment as the Kingdom sees signs of life for new small and medium-sized enterprises (SMEs). Foodics, which is a Saudi-based company, offers an all-in-one iPad-based point of sale and restaurant management system. Foodics raised its venture funding from Saudi VC firms Raed […]
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CNN Publishes 2013 ‘Secret Agreements’ Between Gulf States Barring Support for Opposition and Hostile Groups
- July 11,2017
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- SUSTG Team
CNN has exclusively published documents showing that Qatar made a series of secret agreements with its Gulf neighbors in 2013 and 2014 barring support for opposition and hostile groups in those nations, as well as in Egypt and Yemen. The agreements themselves were not secret, but until now the exact wording in the documents was […]
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Saudi Arabia and Qatar Continue Standoff as Crisis Deepens
- June 28,2017
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- SUSTG Team
The diplomatic standoff between Saudi Arabia and Qatar continued to deepen yesterday as the respective foreign ministers of each nation sparred over the Kingdom’s 13 demands of Qatar. Saudi Arabia’s Foreign Minister Adel al-Jubeir said on Tuesday that there would be no negotiations over demands by the kingdom and other Arab states for Qatar. Asked by […]
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Oxford Business Group Launches OBG Business Barometer: Saudi Arabia CEO Survey
- June 9,2017
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- SUSTG Team
The Oxford Business Group (OBG) has launched a new research series that examines attitudes of top CEOs in Saudi Arabia. OBG, which publishes investment and economic reports on more than 30 countries including emerging markets in the Middle East, Asia, Latin America. “It’s not difficult to conclude that for the Gulf region’s largest economy the […]
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President Trump, King Salman Speak Amid Qatar Diplomatic Fallout
- June 7,2017
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- SUSTG Team
U.S. President Donald Trump spoke by phone with Saudi Arabia’s King Salman amid a growing crisis between GCC states over allegations that Qatar is funding terrorism and extremist activities. Saudi Arabia, the UAE, Egypt and three other states have cut diplomatic ties with Qatar, threatening a socio-economic crisis for what Saudi Arabia’s leaders only recently […]
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Riyadh Summit 2017: Website Launched for Upcoming Events Connected to President Trump’s Visit to Saudi Arabia
- May 16,2017
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- SUSTG Team
A website has been launched detailing the events connected to the arrival of President Donald Trump to Riyadh, Saudi Arabia, his first visit abroad as President. The ‘Riyadh Summit 17′ is a series of events over two days to highlight U.S.-Saudi and Islamic relations. The website URL is https://www.riyadhsummit2017.org/. “The Kingdom of Saudi Arabia welcomes President […]
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Ahead of Trump’s Visit, White House Official Tells Reuters $100b in Arms Deals Planned
- May 15,2017
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- SUSTG Team
The United States is close to completing a series of arms deals with Saudi Arabia totaling more than $100 billion, a senior White House official told Reuters on Friday, a week ahead of President Donald Trump’s planned visit to Riyadh. The arms deals could reach up to $300 billion over 10 years to help Saudi […]
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7 Major Changes to the Kingdom of Saudi Arabia that Happened This Weekend and What They Mean
- April 24,2017
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- Lucien Zeigler
Over the weekend, Saudi Arabia’s King Salman announced a series of major changes to key leadership positions, a new “national security center” for Saudi Arabia that is affiliated with the Royal Court, and more. Here’s what is different now for Saudi Arabia and what those changes mean for the Kingdom, U.S.-Saudi relations and Saudi Arabia’s […]
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MUST-READS
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Buy Now, Pay Later platform tabby raises $23M in one of the largest Series A rounds in the region
Founded in 2019, tabby partners with retailers to offer their customers online or in-store the ability to defer paying for their purchases for up to 30 days or to pay in 4 equal monthly installments at zero cost to the consumer. Today, tabby’s customers are able to use its service across more than 500 integrated merchants, including leading global brands like IKEA, Toys R Us, and Ace Hardware and regional retail giants including Al Futtaim Group, Landmark Group, and Apparel Group.
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Saudi’s Salla raises $8.5 million Series A to help people build and run online stores
Makkah-based ecommerce enablement platform Salla has raised $8.5 million in a Series A round led by STV with the participation of existing investors Vision Ventures and Raed Ventures, it announced in a statement to MENAbytes today. It had raised an undisclosed amount of funding from Vision Ventures and Raed Ventures in a seed round in 2018. Founded in 2016 by Nawaf Hariri and Salman Butt, Salla’s Shopify-like platform enables users to easily set up their web and mobile-based online stores in Arabic. It is one of the first ecommerce enablement platforms to have come out of Saudi and has helped over 10,000 merchants process 8 million orders with a GMV of $533 million to date.
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Saudi Arabia keen to host W Series, responds to critics
Formula 2 is also set to race in Jeddah as a support event and could be joined by W Series, which announced this week that its eight-race calendar would support F1 at a series of yet-to-be-confirmed rounds next year.
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Al Jadaan inaugurates Euromoney Saudi 2020 Virtual Series
Euromoney Saudi 2020 launches with "Saudi Arabia: Response and Recovery". The series, “Saudi Arabia: Coming Back Stronger” is a collection of virtual events, welcoming as special guests senior Saudi policymakers, international investors, Saudi and regional financiers and corporate leaders.
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China Signs Series Of Deals To Develop Supergiant Oilfield In Iran
Consequently, as uncovered by OilPrice.com, Iran last year signed a 25-year deal with China that publically just reiterated the key elements of a very vague co-operation deal that was agreed in 2016 but privately included a collection of highly-specific deals across many business sectors, most notably including oil and gas.
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A series of unusual events in Iran point to sabotage. How will Tehran respond?
Something strange has been happening in Iran. A spate of explosions has struck highly secure and sensitive sites, as well as regular industrial locales, including factories and gas pipelines, and even a clinic in a fancy part of north Tehran.
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Saudi drama series ‘Takki’ launches on Netflix
Initially a YouTube phenomenon that aired in 2012, Takki (meaning ‘chill’) gained wide popularity for its progressive approach and relatable premises. As a result, Takki was one of the most popularly received YouTube series originating out of the Middle East.
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Saudi’s Millenium Arabia launch first Arabic esports series on Twitter
Twitter and gaming platform Millenium Arabia, the esports arm of Saudi Gamer, have launched the first Arabic esports series – Hala bil Gamers – on the social media platform, it announced on Tuesday.
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The world of ‘Whispers’: Inside Netflix’s first original Saudi series
There are two ways to fight stereotypes in film and TV — you can either make your series directly about relevant issues, or you can focus on giving viewers a thrilling story, subtly populated with a world and characters that just so happen to buck conventional expectations. “Whispers,” the first Saudi Arabian Netflix original series, takes the latter approach.
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Saudi TV series speaks volumes about regional dynamics
When it comes to Muslim TV viewership, Ramadan is, as the Times of Israel put it, “like the Super Bowl for advertisers.” Families turn to TV as they break their day-long fasts — a phenomenon that’s even more true this year, during a time of coronavirus and government-directed shut-ins.
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