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Saudi Arabia’s PIF Invests $100 Million in the US-based Professional Fighters League Mixed Martial Arts
- August 30,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund, using a new investment vehicle, will reportedly make the Kingdom’s first foray into mixed martial arts (MMA) by investing $100 million in the US’s Professional Fighters League and creating a regional tournament, the Financial Times reports.
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New Murabba Development Company Awards Industry-Leader Bechtel with PMC Contract for Masterplan, Site-Wide Infrastructure
- August 29,2023
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- SUSTG Team
The Saudi-based, PIF-owned New Murabba Development Company has announced that Bechtel, the leading engineering and construction company, has been awarded a key contract to provide project management services for the New Murabba development in the capital Riyadh.
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Saudi Arabia’s Ades International Holding Set to List in Riyadh, May Be Kingdom’s Largest IPO in 2023
- August 28,2023
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- SUSTG Team
Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year, according to reports.
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Saudi Arabia gets a BRICS invite, a lightning strike on Mecca’s clocktower, and leading Riyadh-based architect Nadia Maqbool Al Lawatiya joins The 966
- August 25,2023
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- SUSTG Team
Nadia Maqbool Al-Lawatiya, a leading Riyadh-based architect and urban designer who is closely familiar with Salmani architecture, joins The 966 to share her journey and discuss some of the themes and thinking behind the new style emerging from Saudi Arabia. Nadia listened to a previous episode of The 966 on Salmani architecture and joins for this episode […]
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Video Shows Massive Lightning Strike Hitting Mecca Clock Tower, Heavy Rains Inundating Holy City
- August 24,2023
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- SUSTG Team
A video published by the UAE-based The National shows Mecca’s Clock Tower, one of the tallest buildings in the world, being dramatically struck by a bolt of lightning amid heavy rains that caused localized flooding.
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Saudi Arabia Sends Foreign Minister to BRICS Events in South Africa as it Seeks Membership
- August 23,2023
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- SUSTG Team
Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah will arrive in South Africa this week to take part in the BRICS Plus Dialogue and the BRICS-Africa Outreach events, according to reports.
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Saudi Arabia’s Media Powerhouse SRMG Makes Strategic Investment in Anghami, Spotify’s MENA Region Rival
- August 22,2023
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- SUSTG Team
SRMG Ventures, the venture capital arm of Riyadh-based conglomerate and the largest publishing company in the Middle East, the Saudi Research and Media Group, has announced a $5 million investment in Anghami, which is the Arab world’s rival to Spotify, according to Variety.
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Report: Biden Considers Another Bilateral Meeting with Crown Prince Mohammed bin Salman at G20 to Talk Saudi-Israel Mega Deal
- August 21,2023
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- SUSTG Team
President Biden is considering a bilateral meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of next month’s G20 summit in New Delhi, India, to discuss the recently-reported proposal for the Kingdom and Israel to move toward establishing relations, four sources with knowledge of the issue told Axios.
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Princess Mashael bint Saud Al Shalan joins The 966, Saudis rush to theaters to See ‘Barbie’, an update on The Line and more…
- August 18,2023
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- SUSTG Team
Episode 99! Princess Mashael bint Saud Al-Shalan, Founding Partner, Aeon Strategy, joins The 966 to discuss her work heading one of the leading consultancies in Saudi Arabia in the field of sustainability. Aeon Strategy played a key role in support of the Kingdom’s Net-Zero targets under the Saudi Green Initiative and the Circular Carbon Economy […]
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Kingdom’s Cinemas See Rush of Crowds to See ‘Barbie’, Now Showing in Saudi Arabia Despite Ban in Kuwait
- August 16,2023
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- SUSTG Team
Saudis are rushing to cinemas to see the global hit movie “Barbie” in theaters across the Kingdom, local media report.
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MUST-READS
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Israel to boost Asia flights when Saudi Arabia opens airspace
Israeli airlines plan to expand and open new routes to India and other Asian destinations after Saudi Arabia announced it would allow unfettered access to its airspace, a move that would save fuel costs and reduce flight times. In the absence of open relations between the countries, however, and given talks on including Oman in the expanded corridor, Israeli Transportation Minister Merav Michaeli said implementation could take several weeks at least.
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Saudi Embassy: 18 Saudi-US Agreements Covering Space, Investment, Energy, Communications and Health Concluded
The bilateral agreements, signed during US President Joe Biden’s visit to the Kingdom comprise 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu, and numerous private sector companies. They include a group of leading American companies, such as Boeing Aerospace, Raytheon Defense Industries, Medtronic and Digital Diagnostics, IKVIA in the healthcare sector, and many other US companies across the energy, tourism, education, manufacturing and textiles sectors. The Saudi Space Authority also signed the Artemis Accords with US Space Agency (NASA), which would allow it to undertake the joint exploration of the Moon and Mars in cooperation with the American space agency, while granting the Kingdom a seat in the international coalition preparing for the civil exploration and use of the Moon, Mars, comets and asteroids for peaceful purposes.
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Saudi Arabia opens airspace to Israeli flights ahead of Biden visit
Saudi Arabia announced late Thursday that it would open its airspace to “all carriers” ahead of President Joe Biden’s visit, a move that ends the ban on flights to and from Israel. National security adviser Jake Sullivan commended the move, attributing the progress to Biden’s diplomacy in the Middle East.
- White House - Statement by National Security Advisor Jake Sullivan on the Opening of Saudi Airspace
- Bloomberg - El Al Welcomes ‘Positive’ Saudi Decision to Lift Restrictions
- Reuters - Saudi Arabia to open airspace to all airlines, including from Israel
- NYT - Saudi Arabia will allow direct flights from Israel, Biden says.
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Fast SPAC (FZT) Agrees to Merge With Entertainment Firm Falcon’s Beyond
Falcon’s Beyond has said it is developing a theme park outside of Saudi Arabia’s capital, Riyadh, with Qiddiya Investment Co.
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In Lebanon, how to say ‘I do’ sparks fierce debate
Civil marriage proponents argue that the cultural battle over how to say “I do” is part of a larger fight about increasing civil and personal rights, eroding the religious power within the country’s sectarian system and, ultimately, chipping away at the sectarian divides ingrained in politics and beyond.
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Airlines Lobbying for Saudi Airspace Access to More Israel Flights, Sources Say
Dubai’s Emirates Airline, Bahrain’s Gulf Air and Israeli airlines including flag carrier El Al are currently permitted to use Saudi airspace for Dubai-Tel Aviv and Manama-Tel Aviv routes, but Israel is restricted from using Saudi airspace for any other commercial flights.
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Airlines Lobbying for Saudi Airspace Access to More Israel Flights, Sources Say
A deal to open up Saudi airspace to all flights operating into and out of Tel Aviv is being discussed ahead of US President Joe Biden’s trip to the Middle East, according to people familiar with the matter. Dubai’s Emirates Airline, Bahrain’s Gulf Air and Israeli airlines including flag carrier El Al are currently permitted to use Saudi airspace for Dubai-Tel Aviv and Manama-Tel Aviv routes, but Israel is restricted from using Saudi airspace for any other commercial flights.
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‘Saudi Arabia is going back to space,’ says prince on anniversary of historic flight
The son of King Salman made history on June 17, 1985 when he became the first Arab, first Muslim, and first member of a royal family to leave earth’s orbit by embarking on a mission aboard the Discovery space shuttle. He joined a crew of five Americans and one Frenchman on the flight to deliver three satellites into orbit – including the ARABSAT-1B for which he was a payload specialist.
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Saudi Space Agency Training Program Ready For Liftoff
SSC Chairman Abdullah Al-Swaha recently held talks with heads of US space companies on the exchange of expertise and technologies, as well as enhancing joint capabilities in the sector. The meetings focused on bilateral cooperation in spacecraft launch services, building partnerships to contribute to the growth of the space tourism sector, and developing the sector’s role in achieving the goals of the Kingdom’s Vision 2030.
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Saudi Takeover Boosts Spanish Club Almería Back Into LaLiga
Andalucian soccer team Unión Deportiva Almería earned a promotion to LaLiga, Spain’s top soccer league on Sunday night. It took seven years for Almería to return to the first division, a move many in the league credit to team’s new owner, Saudi Arabian sheik Turki bin Abdul Mohsen bin Abdul Latif Al Al-Sheikh, the former minister of sport and current chairman of the General Authority of Entertainment of Saudi Arabia.
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