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Saudi Arabia’s Public Investment Fund Reportedly Eyes IPO for Security Company Elm
- May 11,2021
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- SUSTG Team
Elm, the digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF), is exploring a roughly $2 billion initial public offering (IPO), Bloomberg reports.
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Saudi Economy: TASI Rises in April, and Consumer Spending Bounces Back
- April 30,2021
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- SUSTG Team
Recent data on Saudi Arabia’s economy showed a mixed picture for the Kingdom, with non-oil PMI trending lower in March, month-on-month, while remaining in expansionary mode, according to Jadwa Investment and official government figures.
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Saudi Arabia Sees a Surge in Foreign Investment into the Kingdom in 2020 Despite the Global Pandemic
- April 26,2021
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- SUSTG Team
Saudi Arabia saw a surge in total foreign investment into the Kingdom despite a global economic slowdown in 2020, official data from the Saudi central bank confirmed. Foreign investment in Saudi Arabia passed the SR2 trillion ($0.53 trillion) mark for the first time at the end of 2020, despite the financial impact of the COVID-19 […]
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New KAPSARC Paper Examines Economic Diversification Under Saudi Vision 2030
- April 14,2021
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- SUSTG Team
A new paper published by the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Saudi Arabia examines the Kingdom’s advances in economic diversification so far under Saudi Arabia’s Vision 2030 social and economic reform plans, launched in 2016.
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Saudi Arabia’s First Major Wind Farm Reaches Milestone as Renewables Push Continues
- April 12,2021
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- SUSTG Team
Saudi Arabia’s Dumat Al Jandal wind farm, its first major wind energy installation and part of a broader mix of national renewable energy solutions, has reached the 50 percent completion mark, according to reports.
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Crown Prince Mohammed bin Salman Opens Sakaka Solar Plant; Announces 7 More Projects
- April 9,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka solar power plant on Thursday, and said that agreements have been signed for seven more solar power projects throughout the Kingdom, according to reports.
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KAPSARC Commentary Paper Explores the Potential Effect of Parking Fees on Metro Ridership
- April 8,2021
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- SUSTG Team
As Saudi Arabia’s sprawling capital city Riyadh prepares to begin operation of the first lines of its long-awaited metro system, authorities and researchers are now faced with the task of getting the Kingdom’s citizens used to riding it.
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Saudi Arabia’s Stock Market Revamps Corporate Structure Ahead of Highly-Anticipated IPO
- April 7,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, has announced a revamped corporate structure as it prepares for a much anticipated IPO, converting to a holding company called the Saudi Tadawul Group, according to reports. The change was announced by the Tadawul Group CEO Khalid al-Hussan said on Wednesday.
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Saudi Crown Prince Announces Two Massive Green Initiatives to Fight Climate Change
- March 29,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched two initiatives over the weekend to make Saudi Arabia a significant contributor in the global fight against climate change, the Saudi Press Agency reports.
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Saudi Arabia’s Stock Market Amends Rules, Allows All Qualified Investors to Sell Short
- March 26,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, Tadawul, has widened access to short-selling and stock-lending, while tightening some other rules as of March 25, according to a report in Arab News.
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MUST-READS
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Opinion: Change brings progress and long-term opportunities in Saudi Arabia
There are signs that the leadership have learnt from the past, and that a stable Saudi Arabia requires more sweeping changes, including greater private sector involvement which will require education and job creation. The target is to increase private sector involvement from 40% to 65% of GDP by 2030 and to drive the share of non-oil exports in non-oil GDP from 16% to 50%. There seems to be a shift too in the people, from simply expecting handouts from the government towards removing red tape to enable entrepreneurialism – from banker to backer. However, real change will take time, and Vision 2030 still has many of the hallmarks of the past: vast megaprojects which are currently unbuilt or have limited occupancy and may struggle to make economic returns.
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OPEC’s oil cuts could change America’s relations with Saudi Arabia, Venezuela
The cut in production, in reality, will be lower than 2 million because OPEC and its allies have been underproducing. In August, the coalition missed its targets by 3.58 million barrels per day. In Nigeria, for instance, oil production hit a 32-year-low amid pipeline vandalism and theft. According to Saudi Energy Minister Abdulaziz bin Salman, the real cuts will be around 1 million bpd, and analysts put that figure even lower, as Reuters reported.
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Newcastle’s takeover: Inside the year that changed everything – and what comes next
Over the past few weeks, The Athletic has spoken to multiple figures at every level at Newcastle, from the boardroom to the dressing room to the stands, to directors at other clubs, to agents who have worked with them, and plenty more, to mark this natural staging post and also point towards the future. There is a mood of excitement and energy and a redoubling of commitment.
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Newcastle’s takeover: Inside the year that changed everything – and what comes next
Over the past few weeks, The Athletic has spoken to multiple figures at every level at Newcastle, from the boardroom to the dressing room to the stands, to directors at other clubs, to agents who have worked with them, and plenty more, to mark this natural staging post and also point towards the future. There is a mood of excitement and energy and a redoubling of commitment.
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Climate change to bring enhanced droughts worldwide
A study from the University of East Anglia estimates that rising global temperatures will increase the length and spread of major droughts for India, China, Ethiopia, Ghana, Brazil, and Egypt.
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Perspective: Saudi National Day – How ads changed during recent years?
Ads in Saudi Arabia in previous years have always adhered to showing only certain details, desert, horse, sword, hot weather, veiled women with Niqab wearing bold Kohl (eyeliner) on their eyes. But the new ads have shifted in recent years to telling a story from the history of the country or the change taking place or even sending a message through a song or short film. And the ministries, institutions have become dependent on 100% Saudi staff to create advertisements that show the true image of the Kingdom and its transformations over the years.
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Kurds fear ‘everything will change’ if Syria, Turkey reconcile
A decade into their experiment in self-rule, Syria's Kurds fear an apparent rapprochement between Damascus and their foe the Turkish government could cost them their hard-won way of life. Before Syria's conflict broke out, the country's roughly two million Kurds were not permitted to learn the Kurdish language in school or celebrate their cultural occasions. A year after Syria's uprising began in 2011, government forces withdrew from swathes of the north – paving the way for a Kurdish-led "autonomous administration" to run its own institutions, including schools where Kurdish was taught.
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How climate change is destroying the oases of Morocco
“These are systems that resisted all impacts of climate change across time,” said Youssef Brouziyne, the Middle East and North Africa representative of the International Water Management Institute. He noted that scientists study oases to understand how to make other ecosystems more resilient. But the lack of rain, as well as new intensive farming systems, have endangered the balance. “It’s broken,” he said.
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AI, EVs and More Ways Tech Is About to Change the World
Artificial intelligence has knock-on effects that will make goods and services cheaper, to the benefit of all. And although the technology might end up devaluing certain jobs, it can’t replace the entire service sector.
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Saudi Arabia: Foreign workers can change sponsorship without paying outstanding due
As part of ongoing sweeping reforms in foreign employee rules, Saudi Arabia on Wednesday announced a major development that a foreign worker can change the sponsorship without paying outstanding government iqama fee.
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