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Recent stories from sustg
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Habitas to Manage Neom’s Annonuced Mountain Destination Leyja with 120 Rooms
- November 1,2023
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- SUSTG Team
Saudi Arabia’s mountain destination of Leyja, announced last month, will be managed by high-end brand Habitas, according to a report.
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Goldman Sachs Sees Saudi and Russia Supply Cuts as Adding Upside Risk to Previous Forecast
- September 7,2023
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- SUSTG Team
Goldman Sachs Commodities Research said Saudi Arabia and Russia’s extension of voluntary supply cuts posed bullish risks to their crude price forecasts, raising a possibility that Brent could jump as high as $107 a barrel next year, according to a report in Reuters.
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Goldman Sachs set to open Regional HQ in Riyadh
- May 24,2024
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- SUSTG Team
Bloomberg reports that Goldman Sachs Group Inc. has become the first Wall Street bank to receive a license from the Ministry of Investment to set up its regional headquarters in Riyadh.
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Halo Space to test Balloon Flight from Saudi
- April 11,2024
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- SUSTG Team
Spanish company Halo Space is in talks with Saudi regulators to set up a base in the kingdom for balloon flights into space. Ongoing tests are planned for Saudi Arabia this summer.
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Saudi Arabia’s New Luxury Train Experience through Kingdom’s Desert Set to Add to Tourism Portfolio
- January 29,2024
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- SUSTG Team
State-owned railway company Saudi Arabia Railways (SAR) recently struck a 200 million Saudi riyals ($53.33 million) deal with Italian hospitality company Arsenale Group to launch the first luxury train in the Middle Eastern kingdom, which paves the way for the Kingdom to have another differentiating tourism experience.
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Saudi Arabia Set to Host World Cup in 2024 as Competitors Drop Out
- November 2,2023
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- SUSTG Team
Saudi Arabia is on the brink of hosting the 2034 World Cup after competing bidder Australia dropped its candidacy to host the global event, marking another milestone in Saudi Arabia’s efforts to develop sports as a contributor to its economic diversification goals.
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Report – Middle East Hotel Project Count Hits All-Time High
- September 6,2023
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- SUSTG Team
The Middle East region continues to show steady pipeline growth in hotel projects in the second quarter of 2023, with the highest project count since Q1 2020, according to the recent Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).
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The 966 – Episode #129, Saudi Film Industry Six Years after Theaters Re-Opened with Todd Albert Nims
- May 22,2024
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- SUSTG Team
Theaters are booming, the Saudi film industry is creating successful local content and all metrics are up for the sector. Todd Albert Nims, creator, director and producer, joins The 966 to share his perspective on all the exciting changes underway.
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Saudi Arabia Gets First Cannes Official Selection Slot With Drama ‘Norah’
- April 11,2024
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- SUSTG Team
Saudi Arabia has landed its first film in the Cannes Film Festival official selection with “Norah,” a drama by pioneering director Tawfik Alzaidi set in 1990s Saudi, according to reports.
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The PIF’s biggest event of the year in Riyadh, the latest on the Saudi peace plan, and alcohol in Saudi Arabia? — The 966 Episode 120
- January 30,2024
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- SUSTG Team
In episode 120, The 966 once again has on offer a menu of excellence discussing some of the most important topics happening in Saudi Arabia this week — a tough decision for the editorial team as Saudi Arabia continues to create headlines as it marches forward with economic and social reforms.
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India’s Reliance buys 2 million barrels extra Saudi oil for April loading: trade sources
It was not immediately clear which crude Reliance will replace with the additional Saudi barrels. The refiner, one of the biggest buyers of Venezuelan oil, is preparing to wind down purchases from the Latin American nation from April under pressure from U.S. sanctions.
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Delhi, India riots: Anger as judge critical of violence removed
More than 30 people have been killed so far in the deadliest violence the Indian capital has seen in decades. The clashes first broke out on Sunday between protesters for and against a controversial citizenship law in north-east Delhi.
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India in the RegionWhy Saudi Arabia and the UAE Aren’t Bothered by India’s Citizenship Amendment Act
This early 2000s was precisely when a shift in the thinking of Riyadh and Abu Dhabi was starting to become visible, in alignment with the much-celebrated rise of the Indian economy as the major growth story in Asia, along with China.
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IndiaIndia’s oil demand growth set to overtake China by mid-2020s: IEA
India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday.
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IndiaFire at Warehouse in India’s Capital Kills 9
A fire at a warehouse in India's capital on Monday killed nine people and injured three others, an official said. The fire broke out early in the morning in New Delhi's Kirari area. Its cause was not immediately known, an official with the Delhi Fire Service said. It took about three hours to contain the fire.
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IndiaProtests Spread Across India Over Divisive Citizenship Law
Furious protests against a new citizenship law continued to erupt across India on Monday, provoking a harsh security response and presenting the most widespread challenge to Prime Minister Narendra Modi since he came to power five years ago.
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IndiaViewpoint: Are Indian unicorns too powerful?
India is home to one of the world's highest proportion of "unicorns"- unlisted companies with a valuation of more than $1bn (£778m). Technology policy researcher Smriti Parsheera discusses the highs and lows of India's unicorn growth story and it's intersection with India's e-commerce policies.
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Saudi-UAETourism visas and Indian mega-refinery: seven key takeaways from Saudi and UAE summit
A cross-border digital currency targeted at banks is also planned. This will make people more aware of technology such as Blockchain - a type of online ledger - and facilitate cross-border payments.
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SABICSaudi chemical giant SABIC bets big on India to create future tech products
SABIC is the second-largest polycarbonate producer in the world with 24 per cent market share (with a total capacity of 1.24 million tons per year) in the global market. It has polycarbonate manufacturing facilities in the U.S, Europe and Saudi Arabia.
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IndiaIndia to invite foreign firms to invest in state-owned oil companies
International energy firms will be invited to participate in India’s privatization of state-owned oil companies, the country’s Oil Minister Dharmendra Pradhan said late on Monday. Pradhan said Indian Prime Minister Narendra Modi recently met with the chief executives of energy firms in Houston, including those from Exxon Mobil Corp, BP Plc, Royal Dutch Shell, Rosneft Oil Co, Saudi Aramco and Abu Dhabi National Oil Co (Adnoc).
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