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Aramco Makes Two Major U.S. Gas Plays
- June 27,2024
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- admin
As part of its efforts to expand its presence in international energy markets, Aramco has signed agreements with U.S. energy companies Sempra and NextDecade to tap into the growing U.S. LNG sector.
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MSCI Emerging Markets Index – Saudi Equities Five Years After Inclusion
- June 25,2024
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- SUSTG Team
Since May 2019, the MSCI Saudi Arabia and MSCI Tadawul 30 Indexes and the MSCI Saudi Arabia Investable Market Index (IMI) have outperformed the MSCI Emerging Markets IMI. Also, Saudi Arabia’s equity market has expanded to offer investors more-diversified sector exposures.
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Saudi 100 Brands stage Paris show
- June 21,2024
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- SUSTG Team
The Saudi 100 Brands is a dedicated program for Saudi fashion companies, brands and/or designers to receive specialized mentoring, training and consulting in the categories of bridal, couture, ready to wear, jewelry, bags, beauty, footwear and fragrance.
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Fossil fuel use, emissions set new highs in 2023
- June 20,2024
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- SUSTG Team
The Energy Institute and co-authors KPMG and Kearney released the 73rd annual edition of the Statistical Review of World Energy, presenting the full global energy data picture for 2023.
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KSA Climbs to 16th in World Competitiveness Ranking
- June 19,2024
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- SUSTG Team
Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.
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Hajj 2024 in numbers: Annual pilgrimage draws over 1.83 million worshipers
- June 17,2024
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- SUSTG Team
Saudi Arabia’s General Authority for Statistics (GASTAT) released the official figures for this year’s Hajj season.
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Saudi car imports spike in 2023
- June 11,2024
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- SUSTG Team
Saudi Arabia’s car imports grew to 93,300 vehicles in 2023, up from 66,900 the previous year. Japan, India, South Korea, US, and Thailand are the leading exporters of cars to Saudi Arabia.
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Aramco Share Sale Attracts Foreign Investors
- June 10,2024
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- SUSTG Team
Aramco’s recent share sale attracted over $65 billion in orders, exceeding expectations with foreign investors estimated to hold around 60% of the shares sold, a significant increase from Aramco’s 2019 IPO.
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Saudi Professional League, 2023-24 Season by the Numbers
- June 5,2024
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- SUSTG Team
Saudi Arabia’s professional football league, the Roshn Saudi League, concluded it’s 2023-24 season with a number of records smashed and new benchmarks reached.
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Aramco Share Sale Nets $12 Billion
- June 5,2024
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- SUSTG Team
This is Aramco’s second share sale after it first entered public markets in 2019 offering 1.5% of the company and raising a record $29.4 billion, history’s largest IPO to date. Aramco is the world’s largest oil company in terms of both daily crude production and market cap.
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MUST-READS
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Saudi Arabia gives a green light to King Abdulaziz Park
Located in North Riyadh, not too far from the King Khalid International Airport, King Abdulaziz Park promises to be a highlight of Saudi Arabia’s green transformation. The park will span 4.3 million square metres, making it one of the largest in the city. It will feature six themed gardens, each showcasing diverse plant species that aim to also attract birds, butterflies and other creatures.
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King Salman Stadium in Riyadh to open in 2029
The King Salman Stadium in Riyadh – planned to be one of the world’s largest sports arenas – will be ready in the fourth quarter of 2029, as the kingdom continues its investments in the sports sector. The stadium will serve as the Saudi national team’s main headquarters, the state-owned Saudi Press Agency reported, quoting a statement from the Royal Commission for Riyadh City and the Ministry of Sport.
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How AI is unlocking the creative potential of Saudi Arabia’s burgeoning fashion industry
Saudi Arabia has witnessed a remarkable transformation in its fashion industry in recent years, emerging as a vibrant and dynamic regional hub of creativity. Now, thanks to the power of artificial intelligence, more opportunities are fast emerging. With a blend of traditional influences and modern innovation, Saudi designers have been captivating global audiences, redefining cultural norms, and showcasing the Kingdom’s rich heritage through contemporary fashion.
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Saudi hails kingdom’s first female Olympic swimmer Mashael Alayed
Saudi dignitaries on Sunday hailed the performance of Mashael Alayed, the first female swimmer from the kingdom to compete in an Olympics. The 17-year-old is the only female swimmer in the delegation and smashed her personal best to come sixth of seven in her 200 metres freestyle heat. Female athletes were for many years an untapped reservoir of talent in the conservative Islamic state, with girls banned from participating in sport at public schools until 2017 and women not allowed into sports stadiums until the following year.
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First AI Center in Saudi Banking sector Introduced by Riyadh Bank
Riyad Bank has marked a significant milestone in Saudi Arabia’s digital banking landscape with the inauguration of the Center of Intelligence, the kingdom’s pioneering artificial intelligence (AI) hub within the banking sector. This innovative initiative, unveiled on July 23, underscores the bank’s commitment to advancing operational efficiency and enhancing customer experiences through cutting-edge AI technologies.
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Leonardo expands proximity support services for helicopters in the Kingdom of Saudi Arabia
One of the largest operators of Leonardo helicopters in the Middle East; Mukamalah Aviation Company has been operating AW139s since 2008 and AW109 light twins since 2006, mainly to perform offshore transport missions in Saudi Arabia to support the oil and gas industry. Today’s Mukamalah Leonardo helicopter fleet consists of 27 units.
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Groundbreaking Railway Link Between Kuwait and Saudi Arabia to Launch in 2026
A government source revealed that work is currently underway to launch the project for “initial design” soon after completing the necessary procedures, and international companies will be invited to contribute at this stage. The source stated that the actual implementation of the project will begin in 2026. The ongoing mutual visits and meetings between Kuwait and Saudi Arabia regarding the upcoming works, along with inspections of the project site address any obstacles. The source indicated that the railway is expected to carry 3,300 passengers daily with six round trips, covering about 500 kilometers in one hour and 40 minutes at high speed.
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The United States Invites the Sudanese Armed Forces and the Rapid Support Forces to Ceasefire Talks Co-hosted by the Kingdom of Saudi Arabia and Switzerland
Over the past 15 months, the horrific conflict in Sudan has pushed millions to the brink of starvation and displaced nearly 10 million people. It continues to cause immeasurable suffering for the Sudanese people. The United States remains committed to working with partners to end this devastating war. Building from the earlier Jeddah processes co-facilitated with the Kingdom of Saudi Arabia, the United States has invited the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) to participate in ceasefire talks mediated by the United States to begin on August 14, 2024, in Switzerland. We thank the government of Switzerland for offering to host the talks and welcome the Kingdom of Saudi Arabia as a co-host. The talks will include the African Union, Egypt, the United Arab Emirates, and the United Nations as observers.
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Gamers are competing for a record-breaking $60m prize pool at the Esports World Cup
The Esports World Cup is underway in Riyadh, Saudi Arabia, with thousands of participants from all corners of the globe competing across 21 games like Call of Duty, League of Legends and Dota 2. CNN’s Eleni Giokos speaks to some of the athletes vying for glory and a life-changing $60 million prize pool.
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Saudi Arabia’s General Authority of Civil Aviation and Lilium to collaborate on development and implementation of eVTOL regulation in the Kingdom
The partnership will start by setting up a joint Working Group preparing the regulations in Saudi Arabia for the introduction of regional electric air mobility. Dedicated sub-working groups for infrastructure, air operations, airworthiness, and airspace integration, led by GACA and strongly supported by Lilium, are to jointly discuss, accelerate, develop, and implement the necessary regulatory and procedural framework.
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