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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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Banking and FinanceSaudi Arabia dominates $881m MENA IPO market during Q2
More than $880m was raised in the Middle East and North Africa through nine IPOs during the second quarter of 2018
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Saudi EconomyMENA Country Report Saudi Arabia 2018
Although the gradual implementation of “Saudi Vision 2030” should be the driving force of medium-term growth of the non-oil economy, many obstacles remain.
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CareemCareem’s Mudassir Sheikha And Magnus Olsson On What’s Next For The MENA Unicorn
In a chat with Entrepreneur Middle East, the co-founders of Careem discussed the road ahead for the company, which includes presenting more affordable options in terms of transport and car pooling choices, a better platform based on seamless infrastructure, and of course, establishing themselves to new cities to further provide new jobs and expand their enterprise.
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Deep State of MindDeep States in MENA
The "concept traveling" of the deep state from the Middle East and North Africa (MENA) to the United States is one of the few cases of an even quasi-social-science term originating there and then being generalized.
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U.S. MENA ExportsU.S. Exports to MENA Region a “Mixed Bag” in 2017
The overall trend in the region was downward, with MENA’s biggest markets for U.S. goods – the United Arab Emirates and Saudi Arabia – each experiencing a drop of approximately 10 percent (totaling $4.12 billion in year-on-year losses).
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Arabian Gulf Center for Iranian StudiesNew Saudi think tank ranks 28th globally and 10th in MENA
Saudi based Arabian Gulf Center for Iranian Studies (AGCIS) has been ranked in the 2017/2018 Global Go To Think Tank Index Report 28th world-wide and 10th in the Middle East and North Africa.
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MENA ConflictCommentary: Instability in the MENA Region, Afghanistan, Pakistan, and Key Conflict States: A Comparative Score Card
It has long been all too clear that the U.S. has gradually built up the military capability to help local powers defeat ISIS in Syria and Iraq without having strategy for dealing with the host of other problems that exist in bringing any kind of lasting stability to the region. We are effectively fighting "failed state wars" in ways that only address half the problem.
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WaterUrgent action needed for water sustainability in MENA
Water scarcity has always been a major challenge in the mostly arid MENA region. However, overdrawing of groundwater compounded with climate change, high rates of population growth and the effects of conflicts and forced displacement have jeopardised the region’s stability and the livelihood of generations to come.
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MENA InstabilityInstability in the MENA Region, Afghanistan, Pakistan, and Key Conflict states: A Comparative Score Card
"Nation building" has become a remarkably unpopular concept in U.S. policy circles since U.S. interventions in Afghanistan and Iraq. It is important to note, however, that the fact that U.S. failed to "transform" Afghanistan and Iraq—just as it failed to transform Vietnam—does not mean that it can ignore the reality that military force and security assistance can only deal with half the problem—and that military force and security assistance only become useful after a given state's stability has degenerated to the point where there is civil war or a major security challenge.
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MENA M&AMergers And Acquisition Deals Back On MENA’s Agenda
The latest Capital Confidence Barometer report from EY finds that 47% of MENA executives expect deal activity to increase in the next year. In the first quarter of 2017, there were 80 M&A transactions on the go, versus the average number of 100
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