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Prince Alwaleed bin Talal-Backed Flynas Taps Morgan Stanley, Goldman for IPO
- December 21,2023
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- SUSTG Team
Saudi Arabia’s Flynas, backed by billionaire Prince Alwaleed Bin Talal, has hired Goldman Sachs Group Inc., Morgan Stanley and Saudi Fransi Capital for a potential initial public offering in Riyadh, according to a report in Bloomberg.
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ACWA Power Inks Deal for $4bn Green Hydrogen-Based Ammonia Plant in Egypt, $800m Power Purchase Agreement for South African Hybrid Renewable Project
- December 20,2023
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- SUSTG Team
Saudi renewables developer ACWA Power has signed two new large deals as it expands its renewables and green projects across the region.
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Secretary Blinken’s Speaks with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud; Defense Secretary Austin in Israel Announces New Operation in Red Sea
- December 19,2023
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- SUSTG Team
U.S. Secretary of State Antony J. Blinken spoke today with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and discussed developments in the Gaza Strip during a phone call, according to statements released by both nations.
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Kuwait’s Emir Sheikh Nawaf dies, Sheikh Meshal al-Ahmad al-Sabah Named as Successor
- December 18,2023
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- SUSTG Team
Sheikh Meshal al-Ahmad al-Sabah was named as Kuwait’s new emir on Saturday after the death of his brother Sheikh Nawaf al-Ahmad al-Sabah, aged 86.
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Dr. Basma Al-Buhairan, from Saudi Arabia’s C4IR and the Saudi RDIA, talks tech development, transformation in KSA with The 966
- December 15,2023
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- SUSTG Team
In Episode 115, The 966 hosts are back in their normal seats and with a special guest, Dr. Basma Al-Buhairan, Managing Director for the Center for the Fourth Industrial Revolution (C4IR), who joins The 966 to talk about tech adoption and the Center’s role in enabling Vision 2030’s success.
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United States Breaks Ground on New Embassy Compound on 27.5-Acre Site in Riyadh
- December 14,2023
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- SUSTG Team
The United States has officially broken ground on its new embassy project in Saudi Arabia’s capital Riyadh, a sprawling new building blending traditional and modern architecture on a 27.5 acre site. When completed, it will be the largest embassy in Riyadh.
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Al-Falih Says Vision 2030’s Impact on Saudi Economy is Visible in 66% Increase in GDP
- December 12,2023
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- SUSTG Team
Saudi Arabia’s Minister of Investment, HE Khalid Al-Falih, said that the Kingdom’s gross domestic product (GDP) has increased by 66 percent since the launch of Saudi Arabia’s Vision 2030.
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NEOM Announces Launch of ‘Topian’, the NEOM Food Company, Seeking to ‘Revolutionize Global Food Systems’
- December 11,2023
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- SUSTG Team
NEOM launched this weekend a new company, called “Topian,” the NEOM Food Company, which “seeks to redefine food production, distribution, and consumption through the creation of sustainable and innovative food solutions across five vertical pillars: climate-proof agriculture; regenerative aquaculture; novel foods; personalized nutrition; sustainable food supply and ESG.”
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The 966 LIVE at Hevolution’s Launch in Riyadh with HRH Dr. Haya Bint Khaled Bin Bandar Al-Saud and Dr. Mehmood Khan, CEO of Hevolution
- December 8,2023
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- SUSTG Team
The 966 Podcast features a special episode this week for episode 114 with an exclusive, live duo of conversations, first with HRH Dr. Haya Bint Khaled Bin Bandar Al-Saud, Vice President of Organizational Strategy and Development for the Hevolution Foundation, and then with Hevolution’s CEO, Dr. Mehmood Khan. Lucien and Richard recorded conversations with top […]
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Saudi Arabia NEOM Investment fund to hold 6% in Italy’s Technogym
- December 4,2023
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- SUSTG Team
Saudi Arabia NEOM Investment Fund (NIF) will hold 6% of Technogym share capital after an 111-million-euro ($120.83 million) investment and “intends to be a long-term minority shareholder in the Italian fitness-equipment maker,” the fund said on Friday per a report in Reuters.
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Saudi Arabia starts reducing payment of accumulated traffic fines by 50% today
The General Department of Traffic (GDT) started today, April 18, reducing the payment of accumulated traffic fines by 50%. The decision applies traffic violations committed by Saudi nationals, residents, visitors, and GCC nationals before today, GDT said in a statement. To benefit from the decision, the violator should pay all accumulated fines within six months, starting from April 18 until October 18, 2024.
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Raytheon Saudi Arabia enters strategic partnership with GAMI
The initiatives include exploring the manufacturing and testing of a number of key components within the Kingdom’s Patriot air defence system - including the production of the Patriot missile launcher with Arabian International Company (AIC) for Steel, the manufacturing of the GEM-T missile canister with Zahid Industries, and the final assembly, integration, and testing of the Patriot GEM-T effector with Saudi Arabian Military Industries (SAMI).
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Sources deny Saudi Arabia’s participation in intercepting Iranian attacks on Israel
Informed sources denied to Al Arabiya on Monday Saudi Arabia’s participation in intercepting Iranian drones during its attack on Israel on Saturday. Israeli news websites had published statements attributed to an official Saudi website stating that the Kingdom participated in the recent defense coalition that confronted the Iranian attacks. “There is no official website that published a statement about Saudi participation in intercepting attacks against Israel,” the sources told Al Arabiya.
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Saudi defense minister receives phone call from US counterpart
Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin. During the call, they reviewed the strategic partnership between the two countries in the military and defense fields and ways to strengthen them. The ministers also discussed the recent military escalation in the region, the danger of its repercussions, and the efforts being exerted to contain these developments in a way safeguarding international peace and security, the Saudi Press Agency reported.
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Saudi Arabia starts revealing names of arrested harassers
The Saudi security authorities have begun announcing the names of those arrested on harassment charges. In a press statement issued on Friday, Makkah police revealed for the first time the full name of the accused while announcing the arrest of an Egyptian expatriate for harassing a woman.
The police said that legal measures were taken against the arrested Egyptian, Walid Al-Sayed Abdel Hamid, and that he was referred to the Public Prosecution. -
Miss Universe organization disputes reports of Saudi Arabia’s participation in 2024 pageant
The Miss Universe Organization is disputing a flurry of what it calls “false and misleading” reports of Saudi Arabia’s participation in its 2024 pageant — news that, were it true, would have marked the Middle Eastern country’s debut. “No selection process has been conducted in Saudi Arabia, and any such claims are false and misleading,” the pageant said in a statement provided to CNN and released on its official website.
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Foreign liaison visit strengthens Naval supply partnership between US, Saudi Arabia
A delegation from Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS) embarked on a significant foreign liaison visit to the Kingdom of Saudi Arabia to support maritime and aviation cooperation March 3. “Inviting our team to Saudi Arabia to discuss current and future capabilities is a testament to the value of open communication,” expressed Cmdr. Albert Sonon, NAVSUP WSS, Director of International Programs. “Sustaining weapon systems is not just an individual task but a collective effort between Nations.” The NAVSUP WSS International Programs delegation’s objective was to meet with key Saudi Arabian officials and discuss various aspects of logistical support and readiness capabilities.
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State Department OKs Potential $101M MIDS Terminal Sale to Saudi Arabia
The State Department has approved the government of Saudi Arabia’s request to procure communications and navigation terminals and associated equipment from the U.S. government under a potential $101.1 million foreign military sales agreement.
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Saudi Arabia starts enforcing first phase of regulating order delivery sector
The Saudi Transport General Authority (TGA) has started enforcing the first phase of the decisions to regulate the order delivery sector from Tuesday, April 2. This covers three decisions such as obligating non-Saudis working in delivery applications to join one of the companies licensed for light transport activity in four regions of the Kingdom in the first phase; limiting freelance work to Saudis, in addition to issuing controls regulating the use of motorcycles in delivering orders in coordination with the General Department of Traffic, and adoption of uniform for drivers.
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War-stranded Sudanese Find Solace In Saudi’s ‘Little Khartoum’: Video
Stranded abroad by almost a year of war, Saudi Arabia's swelling Sudanese community are drawn to Riyadh's "Little Khartoum" where they can eat, pray and console each other about the conflict ravaging their country.
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