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Middle East’s Largest Broadcaster, MBC Group, Taps Banks for IPO — Report
- November 3,2022
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- SUSTG Team
The Middle East’s biggest broadcaster, MBC Group, has tapped two top banks to work on its initial public offering in Riyadh, people familiar with the matter told Bloomberg.
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Saudi Economy Continues Growth Streak as Non-Oil PMI Continued in Expansion Mode in September – Jadwa Chartbook
- November 1,2022
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- SUSTG Team
Saudi Arabia’s non-oil economy continued to grow in September as data continues to point to 2022 being a year in which the Kingdom outperforms economies around the world in growth, according to the latest Jadwa Investment Chartbook for the month of September 2022.
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2022 Global Cities Report finds huge leap in Riyadh’s Cultural Experience
- October 31,2022
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- SUSTG Team
Leading management consulting firm Kearney released its 2022 Global Cities Report assessing 156 cities around the world around the world across five dimensions: business activity, human capital, information exchange, cultural experience, and political engagement.
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Crown Prince Mohammed bin Salman Unveils New Initiatives, Investments to Boost Supply Chain Resilience
- October 24,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman has unveiled a new initiative designed to position Saudi Arabia as a global supply chain hub, called the “Global Supply Chain Resilience Initiative” (GSCRI).
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Saudi Aramco Pushes Ahead With IPO of Oil-Trading Unit – Bloomberg Report
- October 20,2022
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- SUSTG Team
Saudi Aramco is pushing ahead with plans for an IPO of its energy-trading business to take place as soon as the end of 2022 or early 2023, Bloomberg reports, citing people familiar with the matter.
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Aramco Commences Operations at Arabian Rig Manufacturing: Saudi Aramco’s JV to Manufacture Drilling Rigs in Kingdom for First Time
- October 12,2022
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- SUSTG Team
Saudi Aramco has launched Arabian Rig Manufacturing (ARM), a joint venture firm with American entity NOV, to manufacture drilling rigs and related equipment for the first time in Saudi Arabia.
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Dr. Abdulaziz Alanazi discusses his recent international water prize win, a changing Riyadh, and more — The 966 E. 61
- October 7,2022
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- SUSTG Team
Episode 61! The 966 welcomes Dr. Abdulaziz Alanazi, assistant professor at King Saud University in Riyadh, who discusses his work that recently won a very prestigious international water award. Before that, the hosts discuss governance in Saudi Arabia, a changing Riyadh, and an update on LIV golf’s recent moves with the MENA tour. The hosts […]
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MENA Region is the Fastest Growing Adopter of Cryptocurrency — Study
- October 5,2022
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- SUSTG Team
The Middle East and North Africa (MENA) region are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to June, Reuters reports, citing blockchain researcher Chainalysis.
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Saudi Telecom Giant STC Plans $1 Billion in Investments to Transform Kingdom into Regional Data Hub – Report
- October 4,2022
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- SUSTG Team
Saudi Arabia’s Saudi Telecom Co. (STC), the Middle East’s most profitable mobile operator, “plans to spend about $1 billion to transform the kingdom into a regional data hub, and may sell a stake in its data hub, called Center3, business to finance the plans,” Bloomberg reports.
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Jadwa Investment October 2022 Chartbook: Non-Oil PMI Sees Significant Rise in August
- October 3,2022
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- SUSTG Team
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, business activity and new work, according to the latest monthly chartbook released by Jadwa Investment.
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MUST-READS
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Saudi Arabia among top 10 globally in business skills: Coursera report 2022
Saudi Arabia ranks among the world’s top 10 nations for its workforce’s overall business skills, according to US-based massive open online course provider Coursera’s latest Global Skills Report. The Global Skills Report draws data from 100 million learners in more than 100 countries who have used Coursera to develop a new skill during the past year.
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Bryson DeChambeau: Joining Saudi-backed LIV Golf is ‘a business decision’, amid PGA Tour suspension threat
Amid reports the 28-year-old DeChambeau was offered a guaranteed $100m to join the Saudi-backed tour, which has Greg Norman as CEO, DeChambeau called the move "a business decision for my family's future, and it gave me a lot of free time, so it cleared a lot things up for me.
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Office occupancy in Riyadh surges to 96% due to influx of foreign businesses
Demand for office space in Saudi Arabia, particularly Riyadh, has surged as more and more investors from abroad are setting up businesses in the kingdom, according to a new analysis by Knight Frank. The Gulf state, which had launched an ambitious plan six years ago to transform its economy, recorded a 358 percent jump in the number of international business licenses last year, indicating growing foreign interest in Saudi as an investment destination. Most of the foreign companies that want to do business in Saudi are looking at Riyadh as their base.
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Revealed: Arabian Business’ Most Influential Arabs 2022
Arabian Business has revamped its Arab Power List. We’re introducing the Most Influential Arabs 2022 to celebrate and recognise the public sector figures, CEOs, founders and presidents, educationalists and financiers, healthcare leaders and entrepreneurs who are making a difference in the world
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Israeli businessmen set to visit Saudi Arabia as Gulf normalisation deepens
Israeli broadcaster Kan said a private flight taking off from Ben Gurion Airport was heading for the Saudi capital Riyadh on Tuesday, carrying a number of wealthy businessmen. In a later update, the broadcaster said the flight had been delayed until the following day.
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Saudi women transforming family businesses can inspire others – KPMG report
A report by advisory firm KPMG says Saudi women in leadership roles in family businesses act as good role models to get more women into C-suite roles. “More women entering leadership positions at family businesses normalises the idea of having women in C-suite roles,” said Kholoud Mousa, Partner and Head of Diversity, Inclusion & Equity at KPMG Professional Services.
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KPMG Report: Saudi women driving empowerment, transformation in family businesses
According to the publication, mentorship and networking are essential components of professional success, regardless of gender. In Saudi Arabia, with the increasing participation rates of women in the workforce, finding a mentor, especially a female mentor, can be a daunting task. Women who were the first to enter the workforce and work in family businesses have gone through many challenges and are strategically placed to manage this dilemma.
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Saudi business aviation fleet drops to second in region
The UAE has overtaken Saudi Arabia as the largest installed fleet in the Middle East according to the latest Insight report from London-based Ionic Aviation.
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Saudi to see boom in new businesses, ‘influx of affluent investors’ due to recent visa reforms: Experts
Most remarkably, expats who meet the eased eligibility criteria can now stay indefinitely in Saudi Arabia as permanent residents for a one-time fee of SAR 800,000. They will also be able to apply for visitors visas on behalf of their relatives, and will be permitted to employ domestic workers such as housemaids.
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Not “business as usual”: The Chinese military’s visit to Iran
Following the meeting with Raisi, both sides agreed to increase all areas of cooperation, including military, while emphasizing their shared commitment to protecting core interests and mutual contempt for what they recognize as the U.S.-led West's "unilateralism, hegemony, and external interference." After the meeting with AFGS, Bagheri reported that the two countries "agreed to expand bilateral cooperation in joint military drills, exchange of strategies, training issues, and other common fields."
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