Recent stories from sustg

• Riyadh Season Prepares for Oct. 21 Launch with Slogan ‘Beyond Imagination’, Cirque du Soleil Show
  • October 13,2022

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  • SUSTG Team
   

  The expanded third edition of Riyadh Season will kick off on October 21st 2022 under the slogan “Beyond Imagination” with an international show by Cirque du Soleil, the General Authority for Entertainment has announced. 

   
• Is Saudi Arabia Just at the Beginning of its Heritage and Antiquities Discoveries?
  • September 30,2022

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  • SUSTG Team
   

  Saudi authorities indicated that the Kingdom has only begun to discover important cultural and heritage sites and artifacts across Saudi Arabia, with Heritage Commission CEO Dr. Jasser Bin Suleiman Al-Harbash stating that archaeological sites, which have been discovered in the Kingdom, constitute only 15% of Saudi Arabia’s treasures.

   
• Report – Saudi NEOM’s Tech Unit Rebrands as Tonomous and Will Invest $1 billion in 2022
  • September 27,2022

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  • SUSTG Team
   

  NEOM Tech & Digital, a subsidiary of the $500 billion signature NEOM project of the Saudi crown prince, has invested $1 billion in 2022 in AI, including a metaverse platform, its chief executive said on Tuesday, according to a Reuters report.

   
• Saudi Arabia’s PIF Eyes a Stake in Regional Starbucks Franchise — Report
  • September 9,2022

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  • admin
   

  Saudi Arabia’s Public Investment Fund is leading a consortium of investors which has emerged as the frontrunner to buy a minority stake in Kuwaiti conglomerate Alshaya Group’s Starbucks Corp. franchise, people familiar with the matter told Bloomberg. 

   
• Iraq’s Clashes Sends Oil Higher Before Retreat
  • August 30,2022

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  • SUSTG Team
   

  Oil surged to the biggest gain in six weeks before paring some of those gains after Iraq’s state marketing company said exports haven’t been affected by violent clashes in Baghdad, according to Bloomberg. 

   
• PIF Returns to Buy-Low Playbook with 2Q Stock Market Buying Spree
  • August 18,2022

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  • SUSTG Team
   

  Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet, Zoom Video, and Microsoft this week as part of a wider pick of U.S. stocks, bringing the market value of the sovereign wealth fund’s investment portfolio to about $40.8 billion at the end of the second quarter, Reuters reports. 

   
• Report: Saudi, UAE Save Remaining Spare Capacity for Potential Winter Supply Crisis
  • August 4,2022

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  • SUSTG Team
   

  According to a report in Reuters, OPEC+ production leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output “should the world face a severe supply crisis this winter,” sources familiar with the thinking of the top Gulf exporters told Reuters in an exclusive report.

   
• OPEC, Allies Agree to Increase in Oil Production
  • August 3,2022

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  • SUSTG Team
   

  Saudi Arabia and the OPEC+ group of oil-producing countries agreed to a small increase of 100,000 bpd in oil production on Wednesday after the U.S. and other consuming nations called for more crude in the market, according to reports. 

   
• Crown Prince Mohammed bin Salman arrives in Greece in First Visit to Europe Since 2018
  • July 26,2022

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  • SUSTG Team
   

  Saudi Arabia’s Crown Prince Mohammed bin Salman arrives in Greece today for talks with its premier, Kyriakos Mitsotakis, marking his first trip to a European Union nation since 2018. 

   
• Foreign Direct Investment into Saudi Arabia Jumps 9.5%, Saudi Arabia’s Ministry of Investment Says
  • June 29,2022

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  • SUSTG Team
   

  Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, Saudi Arabia’s Ministry of Investment (MISA) said on Twitter on Tuesday.

   
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