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  • IRIS Hotels in Saudi Arabia expands its portfolio with Hotelogix-powered centralised control

    Hotelogix, a globally leading cloud-based hospitality technology provider, said Saudi Arabia's IRIS Hotels has been able to scale its business while expanding its portfolio on the back of a robust technology platform provided by its multi-property management system. Additionally, the group has been centrally managing operations across all 4 properties while complying with the Kingdom's National Tourism Monitoring Platform (NTMP) and The Zakat, Tax, and Custom Authority (ZATCA). IRIS Hotels is a well-known hotel group that offers a unique hospitality experience to its guests. With four boutique hotels operating in Riyadh, Taif, Jizan, etc., the group has gained immense popularity among leisure and business travellers. What sets them apart is their motto of providing "hospitality with heart and soul" - a philosophy that reflects in every aspect of their service. The group aims to grow further by adding 5-6 more properties.

  • Israeli forces kill two Palestinians in West Bank raid after deadly night

    Israeli forces killed two Palestinians during a raid in the occupied West Bank early on Wednesday, the official Palestinian news agency WAFA reported, bringing to five the number of Palestinians killed in different incidents within several hours. Yousef Nimer, a witness, said Israeli forces began firing at people he was sitting with outside a hospital in the city of Jenin as they were finishing Suhur, the final meal before sunrise during the Muslim fasting month of Ramadan.

  • Sudan’s army claims control of national broadcast building

    Sudan's army said it had taken control of the state broadcast headquarters from the Rapid Support Forces (RSF) on Tuesday in what would be its most significant advance against its paramilitary rival in nearly 11 months of war. The broadcast building lies in Omdurman, a city across the River Nile from Khartoum that forms part of Sudan's wider capital and has seen heavy fighting around military bases, bridges and supply routes.

  • Al-Hilal: Saudi Pro League side break world record with 28th successive win

    Saudi Pro League side Al-Hilal have broken the world record for most consecutive wins by a top-flight team. Tuesday's 2-0 win over Al-Ittihad in the Asian Champions League was the 28th victory in a row for Al-Hilal, Saudi Arabia's most decorated team. It surpasses the 27 straight wins by Welsh side The New Saints in 2016. Al-Hilal, whose players include former Fulham forward Aleksandar Mitrovic, have won every game since a 1-1 draw with Damac on 21 September.

  • What we know about Saudi Arabia’s £1.6bn offer to buy professional tennis

    Saudi Arabia’s Public Investment Fund (PIF) has reportedly launched a $2bn (£1.56bn) deal to merge the two professional tennis tours. The bid comes in response to a proposal by the four grand slams to redesign the tennis calendar and condense it to 14 events a year in a so-called “Premium Tour”. Cover was broken on the Saudi deal at a meeting of top tournament owners and administrators on Saturday in California, according to the Telegraph, just minutes after they had been given further details on the Premium Tour.

  • Saudi Arabia Football Clubs to Curb Spending in Next Transfer Window

    Saudi Arabia’s football clubs will not repeat their footballing spending spree this summer, after the Kingdom made plans to reduce losses and build a more sustainable domestic transfer market. Saudi clubs were allocated a three-year budget last summer by the state’s sovereign wealth fund, and there are no plans in place yet to increase this allocation, according to Carlo Nohra, Chief Operating Officer of the Saudi Pro League.

  • New Saudi real estate visa a massive boost for investors; ultra-rich eye $2bn opportunity with high returns

    Saudi Arabia’s Premium real estate visas will attract high net worth investors to the Kingdom, according to analysis by global property experts Knight Frank. Muslim global high net worth individuals (HNWI) are prepared to spend $1.96bn on real estate in the Holy Cities of Makkah and Madinah, said Knight Frank in its inaugural Destination Saudi report. Knight Frank surveyed 506 Muslim global HNWI from nine countries to understand their attitudes, aspirations and appetite towards real estate investment in the Holy Cities of Makkah and Madinah.

  • Aid ship leaves Cyprus bound for Gaza as Palestinians on brink of famine

    A ship carrying 200 tonnes of aid for Gaza left Cyprus on Tuesday in a pilot project to open a sea route to deliver supplies to a population aid agencies say is on the brink of famine. The charity ship Open Arms was seen sailing out of Larnaca port in Cyprus, towing a barge containing flour, rice and protein. The mission was funded mostly by the UAE and organised by U.S.-based charity World Central Kitchen (WCK).

  • PIF ranks 5th among sovereign wealth funds globally, nears $1tn in net assets 

    Saudi Arabia’s sovereign wealth fund has climbed to fifth in a ranking of state-owned investment organizations, with its net assets reaching $861 billion, according to a new report.  The US-based Sovereign Wealth Fund Institute stated that the Public Investment Fund is marching toward its end-2025 target of $1 trillion in assets, which is intended to enhance the Kingdom’s diversification efforts.  The significant rise in the PIF’s ranking follows its acquisition of an additional 8 percent stake in Aramco, boosting its shareholding’s estimated value to $328 billion. 

  • America exports so much natural gas that Americans end up paying higher prices

    Despite a Biden administration pause in new natural gas exports, the U.S. still ships a lot of the stuff to the world. Last year it sent 88.9 million metric tons of natural gas abroad, becoming the globe’s biggest supplier. One would imagine that would mean cheaper natural gas for Americans. But it turns out the opposite has become true.