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Recent stories from sustg
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Saudi sends largest paralympic delegation ever to Paris games
- August 30,2024
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- SUSTG Team
Saudi Arabia will send its largest delegation to date to the 2024 Paris Paralympic Games. Taking place from August 28th until September 8th, nine Saudi athletes will compete in athletics, weightlifting, taekwondo, table tennis, and dressage.
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Value of Saudi e-commerce revenues expected to reach $69bln by 2025: Monsha’at
- August 29,2024
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- admin
According to a report from the Small and Medium Enterprises General Authority (Monsha’at), the number of e-commerce platform users in the kingdom is expected to reach 34.5 million by 2025, marking a 42% increase from 2019 to 2024.
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Saudi anti-corruption law strengthened
- August 28,2024
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- admin
Saudi Arabia’s Council of Ministers recently enacted a stringent new law designed to tackle corruption among government employees.
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Saudi non-oil economy continues growth
- August 27,2024
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- SUSTG Team
Jadwa Investments’ August 2024 macroeconomic update showed robust growth in non-oil activity.
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Esports World Cup crowns winners after historic 8-week tournament
- August 26,2024
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- admin
The Esports World Cup Foundation, the non-profit organization hosting the Esports World Cup, the world’s largest esports competition and gaming festival, celebrated the historic inaugural event with HRH Mohammed bin Salman in attendance by crowning Team Falcons the first Esports World Cup Club Champion on Sunday night in Riyadh, Saudi Arabia.
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184 foreign companies move regional HQ to Saudi Arabia during first half of 2024 – MISA
- August 23,2024
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- admin
Saudi Arabia’s Ministry of Investment reported that 184 foreign companies moved their regional headquarters to Saudi Arabia after obtaining an investment license during the first half of 2024.
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Saudi Professional League Season starts; summer transfer window subdued
- August 22,2024
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- SUSTG Team
The SUSTG Review wrote in July that Saudi Arabia’s professional football transfer strategy has evolved. After numerous blockbuster acquisitions in 2023, the current transfer window (though not over) has been subdued.
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ACWA Power commissions 700-MW solar park in Saudi Arabia; First of four planned for 2024
- August 21,2024
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- SUSTG Team
Co-owner ACWA Power has commissioned The 700-MW Ar Rass solar photovoltaic project located in Qassim province, north of Riyadh. The electricity from Ar Rass will go to the national grid under a 25-year offtake agreement with the Saudi Power Procurement Company (SPPC).
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Saudi’s Public Investment Fund issues 2023 Annual Report
- August 20,2024
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- admin
PIF governor Yasir Al Rumayyan noted that the fund has increased its global reach, unveiled giga-projects, launched portfolio companies and delivered “ahead of financial return targets – in line with the goals of its Vision Realisation Programme 2021-2025”.
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KSA and it’s summer power surge challenge
- August 19,2024
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- SUSTG Team
In terms of oil consumption used for its electricity sector Saudi Arabia matches the entire oil consumption of Italy, Spain or Turkey. The kingdom’s oil for power use spikes over 1 million barrels per day in summer to generate power and water.
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MUST-READS
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Middle East military rankings: Turkey highest, Lebanon lowest per global index
The defense statistics website Global Fire Power reviewed the military strengths of 145 countries in its 2023 index across the world according to eight categories including troop numbers, national resources, financial situations, logistics and geography. The rankings for Middle East and North Africa region are as follows:
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Middle East military rankings: Turkey highest, Lebanon lowest per global index
The defense statistics website Global Fire Power reviewed the military strengths of 145 countries in its 2023 index across the world according to eight categories including troop numbers, national resources, financial situations, logistics and geography. The rankings for Middle East and North Africa region are as follows:
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Sweden says Turkey asking too much over NATO application
Finland and Sweden signed a three-way agreement with Turkey in 2022 aimed at overcoming Ankara's objections to their membership of the North Atlantic Treaty Organisation. They applied in May to join NATO in response to Russia's invasion of Ukraine, but Turkey objected and accused the countries of harbouring militants, including from the outlawed Kurdistan Workers' Party
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U.S., Turkey target financial network linked to Islamic State
The U.S. Treasury Department said on Thursday it was taking joint action with Turkey against a network it said played a key role in money management, transfer and distribution for the Islamic State militant group operating in Iraq and Syria. Turkey's foreign affairs ministry said on Twitter the assets of seven individuals or legal persons involved in financing for the group were frozen.
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If Turkey Normalizes Ties With Assad, Iran May Become Liability
Turkey and Russia have agreed this week to hold a tripartite meeting of the foreign ministers of Syria, Russia, and Turkey. An exact date has yet to be set, but this is a very advanced move that may normalize Turkish-Syrian relations after 12 years of disconnect, hostility, and even enmity between Turkish President Recep Teyyep Erdogan and his counterpart Bashar Assad.
- Saudi Arabia, Egypt, And Turkey Gear Up For EV Manufacturing
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Turkey, Saudi Arabia decry Taliban university ban for women
Turkey and Saudi Arabia became the latest Muslim-majority countries to condemn a decision by Taliban authorities to bar women from universities, while about two dozen women staged a protest in the streets of Kabul on Thursday. In another sign of domestic opposition, several Afghan cricketers condemned the university ban. Cricket is a hugely popular sport in Afghanistan, and players have hundreds of thousands of followers on social media.
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Deepening Turkey tanker logjam snarls Russia oil sanctions
A total of 28 oil tankers are in a queue seeking to leave the Bosporus and Dardanelles straits, the Tribeca shipping agency said on Friday. G7 wealthy countries, the European Union and Australia agreed to bar providers of shipping services, such as insurers, from helping export Russian oil unless it is sold at an enforced low price, or cap, aimed at depriving Moscow of wartime revenue. Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked appropriate insurance letters.
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Saudi Arabia to Support Pakistan, Eyes Deals in Egypt and Turkey
The kingdom has taken several steps to provide financial support to countries in the region as it looks to bolster allies and cement new relationships. It extended the term of a $3 billion deposit to boost foreign currency reserves and help Pakistan in overcoming economic repercussions of the coronavirus pandemic earlier this month.
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Turkey Shares: Inflation-Hit Turks Lift Stocks to World’s Top 2022 Performer
“Stocks will most probably continue to be favored for at least the first half of next year, even as inflation starts easing,” said Evren Kirikoglu, founder of Istanbul-based Sardis Research Consultancy. “The government is likely to maintain low interest rates and keep the currency under control until the elections around June.”
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