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Recent stories from sustg
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Saudi Arabia Establishes ‘Esports World Cup’ with Competition in Globally Popular Games, Major Prize Pool
- October 24,2023
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- SUSTG Team
Saudi Arabia has announced the launch of the Esports World Cup, an annual event that will include the most popular games in the world and have a prize pool of $10 million, according to reports.
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King Salman’s pivotal role in Saudi Arabia’s past and present with author and columnist David Rundell; plus, archaeology in Al Ula, Wa’ed’s new investment, and more…
- September 15,2023
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- SUSTG Team
Author David Rundell joins to discuss King Salman’s incredible impact on Saudi Arabia. King Salman has played an enormously pivotal role for the Kingdom of Saudi Arabia and the development of the modern Saudi state. Before the conversation, the hosts discuss an archaeology summit taking place in Al Ula this week, an interesting and exciting […]
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Aramco Share Sale Nets $12 Billion
- June 5,2024
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- SUSTG Team
This is Aramco’s second share sale after it first entered public markets in 2019 offering 1.5% of the company and raising a record $29.4 billion, history’s largest IPO to date. Aramco is the world’s largest oil company in terms of both daily crude production and market cap.
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IMF Sees OPEC+ Turn on Oil Production as Boon for Saudi Economy in 2025 – Report
- April 19,2024
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- SUSTG Team
The International Monetary Fund said it expects OPEC and its partners to start increasing oil output gradually from July, “a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year,” according to a report in Bloomberg. “We are assuming the full reversal of cuts is happening at the beginning of 2025,” […]
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Innovative Prince Mohammed Bin Salman Stadium in Qiddiya, Saudi Arabia Departs from Stadium Design Norms
- January 19,2024
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- SUSTG Team
A new and innovative stadium design at Qiddiya, the entertainment mega-city outside of Saudi Arabia’s capital Riyadh, is set to provide a fresh take on design for sports and entertainment venues.
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President Biden, Saudi Crown Prince Mohammed bin Salman Hold Call to Discuss Israel-Hamas War Diplomacy
- October 25,2023
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- SUSTG Team
U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on Tuesday discussed efforts to prevent the Israel-Hamas conflict from widening, the White House said.
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US, Bahrain Sign Strategic Security and Economic Agreement in Potential Model for Other Regional States
- September 14,2023
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- SUSTG Team
The US and Bahrain have upgraded their defense relationship under a new security and economic relationship which U.S. Secretary of State Antony Blinken said would expand defense and intelligence collaboration between the two countries, Reuters reports.
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KSA Hosts 2024 World Environment Day
- June 4,2024
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- SUSTG Team
Saudi Arabia is hosting the 2024 World Environment Day on June 5 and the upcoming 16th Conference of the Parties of the UN Convention to Combat Desertification and Drought (COP16) in December 2024.
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Prospects for Saudi Arabia hitting 2030 Renewable Energy Targets
- April 19,2024
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- SUSTG Team
In 2016 Saudi Arabia’s Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. The latest revision made in 2023 targets 130GW of renewable power capacity by 2030. GlobalData, a leading data and analytics company, says the Kingdom can come close to that target.
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A new slogan for Saudi Arabia? Taking stock of the Saudi Pro League, and much more – The 966 Episode 119
- January 22,2024
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- SUSTG Team
In Episode 119, The 966 hosts Lucien and Richard discuss a variety of topics and some of the latest news and developments on Saudi Arabia.
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MUST-READS
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Digital EconomyDigitalisation is crucial for the Middle East’s competitiveness
Digitalisation brings lower operating costs and higher quality, flexibility and efficiency. Response times to customer requests and market demands are shortened, and new business models are opened up.
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IIoTMCIT joins hands with GE and Obeikan to hold 2nd Saudi Digital Machines Hackathon
The second phase of the Saudi Digital Machines Hackathon was an Advanced Training Course, powered by Predix, GE’s application development platform for IIOT.
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FinanceSaudi finance ministry goes live with digital financial platform Etimad
The Ministry of Finance’s digital portal Etimad, to streamline services for the public and private sector, has gone online.
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Banking and FinanceSaudi Arabia Ranks as Top Digital Banking Market in Middle East and North Africa
In a recent survey of regional banking customers by research firm ArabNet, 76 percent of Saudi banking customers use digital platforms, and 60 percent use online and mobile apps, both ranking highest in the region. Top Saudi digital banking offerings are loyalty programs (53 percent), mobile discount coupons (51 percent), and virtual prepaid debit cards (50 percent), according to McKinsey.
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EntrepreneurshipSaudi Arabian Digital Media Firm Telfaz11 Raises $9 Million From Investors
This week Saudi Technology Ventures and VentureSouq injected $9 million into Riyadh-based Telfaz11, a digital media company founded in 2011 that helps produce and distribute Arabic video content.
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e-commerceGoing digital
The presence of just a few players makes the market an attractive destination for e-commerce investment. With market barriers easing—improved infrastructure, ease of obtaining licenses and better warehousing facilities—and high investment potential, the region’s e-commerce market looks poised for strong growth.
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CybersecurityMuslims Losing Digital War Against ISIS
When social media firms act, it is too often focused on Western-based activity, with a bias towards English-language activity, as opposed to many Muslims’ native languages such as Arabic, Urdu or Malay.
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BlockchainUAE, Saudi working on digital currency for cross-border deals
The digital currency would be based on blockchain, the shared ledger of transactions that is maintained by a network of computers on the internet rather than a central authority, he said in a speech to a regional financial conference.
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ME IOTInternet of Things to Catalyze Middle East’s USD 70 Billion Digital Economy
Governments across the Middle East, North Africa, and Southwest Asia are increasingly driving innovative government digital transformation visions to transform lives, from the UAE and Kingdom of Saudi Arabia, to Kuwait and Egypt, and Pakistan. This is powering the Middle East and Africa’s Internet of Things spend, which is set to grow 20 percent to USD 8 billion in 2017, says IDC.
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Banking and FinanceSaudi pilots digital currency in banking transactions
Saudi Arabia announced Wednesday the introduction of digital currency for transactions between banks, Ajil online local news reported.
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