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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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India’s startup expansion to Mena: A cause for concern?
Since 2016, more than 50 India-based startups have expanded into the Middle East and North Africa (Mena) by making their UAE debut an entry point to the wider region. Twenty of these were already unicorns when they scaled and included the fintech PayMate, edtech Countingwell, and eyewear online retailer Lenskart.
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UAE and India talks aimed at boosting economic co-operation and investment
The UAE delegation, led by Thani Al Zeyoudi, Minister of State for Foreign Trade, began four days of talks in India last week as the two sides seek ways to strengthen economic ties, the Ministry of Economy said on Sunday. UAE officials held several rounds of discussions including talks with India’s Finance Minister Nirmala Sitharaman, Commerce and Industry Minister Piyush Goyal, Minister of Civil Aviation Jyotiraditya Scindia and Minister of Electronics and Information Technology Ashwini Vaishnaw.
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Saudi Arabia’s top diplomat in India talks amid fears of new Taliban repression
Saudi Foreign Minister Prince Faisal bin Farhan held talks with the Indian foreign minister in New Delhi on Sunday amid growing fears of a return to a repressive Taliban regime in Afghanistan. The two men had what India’s Foreign Minister S. Jaishankar described as a “very useful exchange of views on Afghanistan” in a “cordial and productive meeting.”
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Saudi foreign minister to visit India for talks on Afghanistan, Taliban
Saudi Arabia’’s foreign minister Prince Faisal bin Farhan Al Saud is expected to visit India this weekend to discuss the unfolding situation in Afghanistan even as Qatar has taken the lead in diplomatically engaging Kabul and legitimising the Taliban.
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Taliban’s religious ideology – Deobandi Islam – has roots in colonial India
Deobandi Islam emerged in India in 1867, 10 years after a major Indian nationalist uprising against the rule of the British East India Company.
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Opinion: How can GCC countries achieve equilibrium in the China-India competition
Dr Naranayappa Janardhan (Anwar Gargash Diplomatic Academy) and Nicolas Dunais (Azal Advisors) argue that Gulf policymakers should pursue a balanced relationship with China and India, avoid “picking sides”, and where possible, encourage them to cooperate rather than compete in the commercial and security realms.
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Exclusive: India starts selling oil from strategic reserves after policy shift
India has begun selling oil from its Strategic Petroleum Reserve (SPR) to state-run refiners as it implements a new policy to commercialise its federal storage by leasing out space, three sources familiar with the matter said.
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India boosts Gulf ties with Saudi drill
Flag officer commanding India’s western fleet, Rear Admiral Ajay Kochhar, also held discussions with Saudi eastern fleet commander, Rear Admiral Majid Al Qahtani, at the King Abdul Aziz naval base. “Apart from strengthening bilateral military ties, the exercise will help the two navies understand each other’s operational practices,” said an officer.
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Blume Ventures and Matrix are leading India’s tech VC evolution
The top 10 Indian VCs have participated in nearly 600 funding rounds and backed over 420 ventures in just the last 30 months.
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India, Saudi Arabia begin first naval exercise
India’s defence and military ties with Saudi Arabia received a major boost with Indian Army chief Gen MM Naravane’s visit to Riyadh – the first such trip by an Indian service chief – last December. Naravane had also visited the UAE on the same tour.
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