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Saudi Non-Oil Business Activity Expands in December 2023, New Orders Rising at Fastest Pace in Six Months
- January 3,2024
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- SUSTG Team
Non-oil business activity in Saudi Arabia grew solidly in December with new orders rising at the fastest pace in six months, and the seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index stood at 57.5 in December ending 2023 well above the 50 mark signaling economic growth, Reuters reports. The data show a Saudi economy that is […]
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2023 a Big-Spending Year for PIF as Kingdom’s Wealth Fund Accounts for Over One Quarter of All Sovereign Spending
- January 2,2024
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) spent more than any other last year, topping an annual ranking of sovereign investment fund spending compiled by consultancy Global SWF for the first time, according to reports.
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Bechtel Expands Partnerships to Develop Local Talent in Saudi with Agreements with Prince Sultan University, Saudi Women Engineering Society
- December 22,2023
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- SUSTG Team
US-headquartered Bechtel, a leading engineering, procurement, construction, and project management company, has rolled out two new local partnerships in Saudi Arabia as it expands its operational relationships and seeks to develop local talent in the Kingdom as it marks its 80th year doing business in KSA.
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ACWA Power Inks Deal for $4bn Green Hydrogen-Based Ammonia Plant in Egypt, $800m Power Purchase Agreement for South African Hybrid Renewable Project
- December 20,2023
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- SUSTG Team
Saudi renewables developer ACWA Power has signed two new large deals as it expands its renewables and green projects across the region.
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Secretary Blinken’s Speaks with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud; Defense Secretary Austin in Israel Announces New Operation in Red Sea
- December 19,2023
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- SUSTG Team
U.S. Secretary of State Antony J. Blinken spoke today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and discussed developments in the Gaza Strip during a phone call, according to statements released by both nations.
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Kuwait’s Emir Sheikh Nawaf dies, Sheikh Meshal al-Ahmad al-Sabah Named as Successor
- December 18,2023
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- SUSTG Team
Sheikh Meshal al-Ahmad al-Sabah was named as Kuwait’s new emir on Saturday after the death of his brother Sheikh Nawaf al-Ahmad al-Sabah, aged 86.
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United States Breaks Ground on New Embassy Compound on 27.5-Acre Site in Riyadh
- December 14,2023
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- SUSTG Team
The United States has officially broken ground on its new embassy project in Saudi Arabia’s capital Riyadh, a sprawling new building blending traditional and modern architecture on a 27.5 acre site. When completed, it will be the largest embassy in Riyadh.
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New Royal Decrees in Saudi Arabia Change Up Regional Leadership Posts
- December 13,2023
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- SUSTG Team
A number of Saudi royals and officials were given new jobs on Tuesday as authorities issued a raft of royal decrees, according to reports by the SPA and Arab News.
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NEOM Announces Launch of ‘Topian’, the NEOM Food Company, Seeking to ‘Revolutionize Global Food Systems’
- December 11,2023
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- SUSTG Team
NEOM launched this weekend a new company, called “Topian,” the NEOM Food Company, which “seeks to redefine food production, distribution, and consumption through the creation of sustainable and innovative food solutions across five vertical pillars: climate-proof agriculture; regenerative aquaculture; novel foods; personalized nutrition; sustainable food supply and ESG.”
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The 966 LIVE at Hevolution’s Launch in Riyadh with HRH Dr. Haya Bint Khaled Bin Bandar Al-Saud and Dr. Mehmood Khan, CEO of Hevolution
- December 8,2023
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- SUSTG Team
The 966 Podcast features a special episode this week for episode 114 with an exclusive, live duo of conversations, first with HRH Dr. Haya Bint Khaled Bin Bandar Al-Saud, Vice President of Organizational Strategy and Development for the Hevolution Foundation, and then with Hevolution’s CEO, Dr. Mehmood Khan. Lucien and Richard recorded conversations with top […]
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Saudi Arabia launches Events Investment Fund, SPA reports
Saudi Arabia has launched an investment fund to support the culture, tourism, entertainment and sports industries, state news agency SPA reported on Tuesday. The Events Investment Fund (EIF) will focus on developing and increasing direct foreign investment opportunities for a contribution of 28 billion riyals ($7.45 billion) to the country's gross domestic product by 2045, SPA added.
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Barcelona beats Madrid 3-1 to win Spanish Super Cup in Saudi Arabia
Barcelona won the Spanish Super Cup for the first time since the competition was revamped and moved to Saudi Arabia with a 3-1 victory over Real Madrid on Sunday. Robert Lewandowski, Gavi and Pedri scored a goal each at King Fahd Stadium in Riyadh to give Barcelona its first Super Cup trophy since 2018 — and its 14th overall — and the first since the tournament began being played in a Final Four format in 2020 in a lucrative deal for the Spanish soccer federation.
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Iran’s protests four months on: Hope, rage and despair
Despite a bloody crackdown on protests that left at least 481 people dead, many university campuses in Tehran and other major cities are still witnessing unrest and demonstrations inside the campuses.
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Meet the first Egyptian, Arab female to blast into space
In its 2021 programme, Sara, 29, was selected out of 7,000 citizens from all parts of the world and all backgrounds to go into space to experience a phenomenon that many professional astronauts have described as the Overview Effect, which is the cognitive shift that some astronauts experience when seeing the Earth from space.
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Saudi Arabia includes Diriyah tourism project in PIF’s portfolio – SPA
Saudi Arabia has included a Diriyah tourism project in the portfolio of its sovereign wealth fund, the Public Investment Fund (PIF), to improve investment efficiency and public-private cooperation, state news agency SPA reported on Monday. The development of Diriyah, a UNESCO World Heritage Site, was previously under Diriyah Gate Development Authority (DGDA), which will continue its supervision, SPA said, citing an announcement by the Saudi crown prince.
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A Saudi Rave Sparks Debate Over Kingdom’s Cultural Transformation
Balad Beast featured some musicians from abroad including the American rapper Busta Rhymes, but was largely local talent. The stage was set up to look like the facade of an old Al-Balad home. The aroma of frankincense filled the air. Servers in traditional attire offered coffee, dates and shawarma sandwiches.
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Uproar over Qatar’s gift of Arab cloak to Messi sparks ‘racism’ claims
According to Arab tradition, placing a bisht on someone’s shoulders denotes respect, appreciation, and celebrates achievements.
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Green Spaces in Saudi Arabia Increase by 9%
In line with the Green Saudi Arabia and Green Middle East initiatives launched by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, official statistics revealed on Thursday that the areas of green spaces, parks and gardens in the municipal sector have expanded by 9% during 2021 compared to the same period in 2020. The General Authority for Statistics (GASTAT) said that land reserves expanded to reach 324,000 square kilometers in 2021, constituting 16% of the total area of Saudi Arabia.
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Mysterious Patterns Span The Arabian Desert, And We May Finally Know Why
Some of the V-shapes point to a pit, others to a sudden cliff, and still others to an enclosure. All three designs suggest desert kites were once used to funnel herds of wild animals to death or captivity. "The purpose of the form of a kite is generally agreed: animals were driven (an 'active' kite system) or guided (a 'passive' kite system) into a restricted area by the structure's walls," the authors of a new study write.
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‘Work 3.0’: Workspace booking platform Hotdesk eyes Saudi Arabia expansion
On-demand workspace booking platform Hotdesk has announced its intention to expand into Saudi Arabia, following a year of growth in its services in the United Arab Emirates and Egypt. Hotdesk’s sights within the Middle Eastern region are fixed on its next immediate launch in the Kingdom, as cities such as Riyadh, Dammam and Jeddah present emerging local hubs for co-working, as well as company growth and talent.
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