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“The Clean Hydrogen Economy and Saudi Arabia”: A Roadmap to Energy Leadership
- May 21,2024
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- SUSTG Team
Faculty and researchers from King Abdullah University of Science and Technology (KAUST) and King Abdullah Petroleum Studies & Research Center (KAPSARC) have unveiled a new publication: “The Clean Hydrogen Economy and Saudi Arabia.”
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Aramco launches first quantum computer in Saudi Arabia
- May 20,2024
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- SUSTG Team
Aramco has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in Saudi Arabia.
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U.S. and Saudi Arabia enhance energy cooperation agreement
- May 17,2024
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- SUSTG Team
Building on the Partnership for Advancing Clean Energy Agreement signed in Jeddah on July 15, 2022, Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy of Saudi Arabia, met with U.S. Secretary of Energy Jennifer Granholm in Riyadh to set a detailed timeline for collaborative projects.
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Growing Saudi female sports participation triggers retail growth
- May 16,2024
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- SUSTG Team
Writing for Jing Daily, Julienna Law reports that Saudi Arabia’s sportswear and athleisure apparel market is set to boom as women, in particular, become more active in sports.
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Saudi Entertainment Ventures (Seven) and Qiddiya Combine
- May 15,2024
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- SUSTG Team
Seven, a wholly owned public investment fund (PIF) company, has now become a wholly owned subsidiary of Qiddiya to enhance the offerings of both companies and support its wider strategy for the entertainment, leisure and sports sector.
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Fakeeh Care Group 119 times oversubscribed as Saudi IPO market heats up
- May 14,2024
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- SUSTG Team
Investors put in $91 billion of orders for Fakeeh Care Group’s IPO which is set to be the Tadawul’s biggest listing of the year.
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Wamda’s Tawaref Series Provides Blueprint for Expanding in KSA
- May 13,2024
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- SUSTG Team
Wamda has partnered up with Tawaref, a Saudi Arabia-based tech investment community that also provides startup advisory, legal consultancy and due diligence support, to publish a series of articles to help entrepreneurs navigate the Saudi market.
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Johnson Controls Arabia Announces Export of 300 Saudi-Made Scroll Chillers to the United States from KAEC Manufacturing Plant
- May 9,2024
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- SUSTG Team
Johnson Controls Arabia (JCA) hosted an export milestone event at its YORK Manufacturing Complex at the King Abdullah Economic City (KAEC) to mark the company’s latest export achievement of more than 300 Saudi-made YORK Scroll Chillers to the American market during this year, with a total market value of 100 million Riyals in the initial phase, the […]
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Saudi Aramco Expects to Pay Full Dividends Despite Lower Earnings – Report
- May 8,2024
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- SUSTG Team
Saudi Arabia’s Aramco said it expects to pay full dividends to its shareholders, including the Public Investment Fund of Saudi Arabia, “despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold,” Reuters reports.
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Saudi Internet Penetration Reaches 99%
- May 7,2024
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- SUSTG Team
According to the “Internet Saudi Arabia” report for 2023, published by the Communications, Space, and Technology Commission, both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively. The report also says that 52.3% of users spend more than seven hours online each day.
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Saudi FM Prince Faisal bin Farhan Al Saud meets German counterpart, Annalena Baerbock, in Jeddah
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud met his German counterpart, Annalena Baerbock, in Jeddah on Monday, the Saudi foreign ministry wrote on Twitter. The German foreign ministry had said earlier that Baerbock, who will also visit Qatar next, would discuss bilateral issues as well as questions of regional crises with Gulf counterparts.
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Khartoum Under Bombardment as Sudan’s Rivals Talk
Truce deals have been repeatedly broken but the United States and Saudi Arabia are mediating talks in Jeddah aimed at securing a lasting ceasefire. "You don't know how long this war will continue ... The house became unsafe and we don't have enough money to travel out of Khartoum. Why are we paying the price of Burhan and Hemedti's war?" said Yassin, the teacher.
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The Gulf governments need to openly discuss the risks of artificial intelligence
The Gulf countries’ rapid ascent up the income ladder during the last century would not have been possible had they insisted on in-sourcing every step. Importing foreign technologies, organizational philosophies, art, legal systems, and so on is an intelligent alternative to reinventing the wheel because of the time and resource savings. However, the floodgates should not be completely open, and homegrown capacity must be built for two reasons.
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Dubai Reefs: Inside the world’s largest artificial reef megaproject
Dubai will soon be home to the world’s largest ocean community megaprojects – the Dubai Reefs. The project will help strengthen Dubai’s position as a leader in sustainable marine initiatives as well, according to a statement by Dubai Reefs developer URB. The upcoming floating community will feature facilities for marine research, regeneration, ecotourism, hospitality, retail, and education.
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How Sudan’s paramilitary forces took parts of Khartoum, stormed army chief’s quarters
Burhan, the de facto head of state, himself picked up an AK-47 rifle and opened fire before his security pulled him to safety, one of his bodyguards told Reuters, in previously unreported details of how close he came to being toppled, or killed, in those first days. More than 30 of his guards died in the ensuing battle, before the Rapid Support Forces (RSF) fighters retreated from the residence in the capital, said the bodyguard, who asked not to be named.
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Saudi Arabia to start implementing second phase of annual levy on house workers from May 11
The Ministry of Human Resources and Social Development (MHRSD) announced the implementation of the second phase of the decision of the Council of Ministers to selectively impose a levy on domestic workers from Thursday, May 11, the Saudi Press Agency reported. Saudi employers will have to pay an annual fee of SR9600 for each house worker if their number exceeds four while expatriate employers will pay the same amount for each worker in excess of two.
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Abu Dhabi tops Dubai as ‘smartest city’ in MENA region
For the third consecutive year, Abu Dhabi ranked as the smartest city in the Middle East and North Africa (MENA) region for 2023, according to the IMD Smart City Index released by the International Institute for Management Development (IMD) in Switzerland in collaboration with the Singapore University of Technology and Design (SUTD).
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Iran, Saudi Arabia resume bilateral trade as part of rapprochement
Minister of Industry, Trade and Mining, Reza Fatemi Amin, said in statements cited by state news agency, IRNA, that the entry of Iranian goods into Saudi Arabia was "on the agenda". He added that his Ministry has begun the process of exporting goods to Saudi Arabia in line with agreements reached between the two sides in recent months. Last month, Tehran and Riyadh agreed to revive relations after seven years, with China brokering the final round of marathon talks.
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Eid Al-Fitr prayer proves to be a memorable and heartfelt affair for Saudi residents
As Muslims across the globe prepare to celebrate the first of two eids on the Muslim calendar, many initiate the day’s festivities with a morning prayer. The Eid Al-Fitr prayer has long surpassed its type as a sunnah (an action of the Prophet Muhammad) and positioned itself, emotionally, as a fardh (obligatory act) in the hearts of Muslims around the world and across the Kingdom.
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Eid Al-Fitr prayer proves to be a memorable and heartfelt affair for Saudi residents
As Muslims across the globe prepare to celebrate the first of two eids on the Muslim calendar, many initiate the day’s festivities with a morning prayer. The Eid Al-Fitr prayer has long surpassed its type as a sunnah (an action of the Prophet Muhammad) and positioned itself, emotionally, as a fardh (obligatory act) in the hearts of Muslims around the world and across the Kingdom.
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