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Recent stories from sustg
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Regional HQ Executives to get Premium Residency Under New Government Scheme to Boost Investment
- October 10,2023
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- SUSTG Team
Saudi Arabia’s Ministry of Investment has developed a mechanism to grant premium residency to executives who base their company’s regional headquarters in the Kingdom, according to reports, in a bid to boost the business environment in the Kingdom and attract more foreign investment.
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Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy
- September 29,2023
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- SUSTG Team
Saudi Aramco, the world’s largest oil-exporting company, has signed a $500 million agreement to buy a minority stake in liquefied natural gas (LNG) company MidOcean Energy. This is Aramco’s first investment in LNG and is part of the company’s efforts to diversify its activity beyond its core oil business. The strategic partnership enables Aramco to tap into […]
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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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Nusuk pilgrim card launched
- May 3,2024
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- SUSTG Team
With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.
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Saudi Arabia Condemns Two Deadly “Terrorist” Explosions in Iran; Islamic State Claims Responsibility
- January 4,2024
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- SUSTG Team
Saudi Arabia has condemned two deadly explosions in Iran at a ceremonial procession that killed and injured hundreds and put the region on edge. The explosions struck minutes apart on Wednesday, shaking the city of Kerman, about 820 kilometers southeast of the capital, Tehran.
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Shares of oil and gas driller ADES Holding Climbed Almost 30% above its listing price on its market debut in Riyadh
- October 11,2023
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- SUSTG Team
Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month, according to Reuters.
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As Tourism Sector in Saudi Arabia Soars, Officials Revise Upward Visitor Goals
- September 28,2023
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- SUSTG Team
As the tourism sector continues to outperform in Saudi Arabia, Saudi Arabia’s top officials are revising upward its visitor goals from previously targeted levels which were once considered by some to be unachievable when originally set forth.
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The 966 Episode #131, How growing Saudi sports participation is impacting Saudi fashion, with Reiting Lee, Founder, The Oriental Hybrid
- June 17,2024
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- SUSTG Team
Reiting Lee, fashion strategy consultant and experienced brand specialist joins The 966 and host Richard Wilson for a fascinating Episode #131 to discuss how booming Saudi sports participation is impacting the fashion sector, particularly sportswear and athleisure.
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10th Saudi Film Festival Underway
- May 2,2024
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- SUSTG Team
The 10th Saudi Film Festival runs May 2-9 at the King Abdulaziz Center for World Culture (Ithra) in Dhahran. Debuting in 2008 this year’s edition has two main themes: Indian cinema and sci-fi films.
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Secretary Blinken to Visit Saudi Arabia on Regional Diplomatic Tour to Contain Regional Spread of Violence
- January 5,2024
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- SUSTG Team
U.S. Secretary of State Antony J. Blinken will travel to the Middle East region this week to “discuss urgent mechanisms to stem violence, calm rhetoric, and reduce regional tensions,” according to a press release from the State Department. The State Department said that Blinken will visit Istanbul, Türkiye; Crete, Greece; Amman, Jordan; Doha, Qatar; Abu Dhabi, the […]
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MUST-READS
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RamadanSaudi food bank serves up a taste of Ramadan through a delivery app
A Saudi food bank has teamed up with a delivery app to nourish the needy during Ramadan. Itaam, a nonprofit initiative set up by entrepreneurs from the Eastern Region during the holy month, signed an agreement with the food-delivery app Hunger Station to launch the new service, Otloblhom.
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EgyptVoters offered rides, food in Egypt referendum on el-Sissi
Sunday marked the second of three days of voting. The referendum is virtually certain to result in a “yes” vote, but the government hopes for strong turnout to lend it legitimacy. Election officials have said results are expected within a week.
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Food & BeverageInvestment opportunities in the Saudi food sector
Saudi Arabia’s Food and Beverage (F&B) market is the largest and most attractive in the Middle East, valued at $45 billion and predicted to grow at a rate of 6 percent over the next five years.
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Local AgricultureSaudi Arabia Is Determined to Scale up Local Food Production
The Saudi Ministry of Environment Water and Agriculture (MEWA) has recently announced that it is looking for partners from the private sector to develop (1) aquaculture projects (2) date Processing projects (3) Building a date city (for trading, processing and marketing) in Medinah (4) advanced farming technologies.
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AgricultureSaving Water, Growing Food in the Saudi Desert
In 2016, researchers at Saudi Arabia's King Faisal University began sounding alarms that the nation is about a decade away from running out of groundwater. The situation is still dire, but some entrepreneurs are creating new ways to save every drop. VOA's Kevin Enochs reports.
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War in YemenYemen warring parties talk peace in Sweden as food shipments reportedly cleared
Yemen's warring parties have held the first direct talks in UN-led peace efforts to iron out a prisoner swap, one of several confidence-building measures intended to help launch a political process to end nearly four years of conflict.
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Iran SanctionsIraq to exchange food for Iranian gas, seeks U.S. approval: government officials
Iraq has agreed with Iran to exchange Iraqi food items for Iranian gas and energy supplies, two Iraqi government officials said on Wednesday.
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LebanonIn Lebanon, Let Food Be Your Guide
More great empires and cultures have left their mark on Lebanon than on any of its neighbors, from the Phoenicians and Romans to the Christians, Ottomans, Armenians, and French. Those influences are layered into the landscape—with ancient temples crumbling near Crusades-era castles, Greek Orthodox churches, and mosques—and, not surprisingly, the food. Nowhere else will you find Arab staples like hummus and freekeh pilaf along-side European pastas and dumplings—even croissants. New influences keep arriving, too: An influx of Syrian refugees in Tripoli has made Aleppo sour cherry kebab a city staple.
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Israel-EgyptIsrael Lets Food, Commercial Goods Back into Gaza as Egypt Seeks Truce
Israel allowed commercial goods back into the Gaza Strip on Wednesday, in a sign of easing tensions as neighboring Egypt pursued a long-term ceasefire between Israel and Hamas, the Palestinian enclave’s dominant armed faction.
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Saudi FDAAll food facilities in Saudi Arabia required to display calories by year-end
This will apply to all food facilities, including restaurants, cafes, ice cream shops, fresh fruit juice shops, bakeries, patisseries, supermarkets, recreation facilities, colleges, universities and government agencies.
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