SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Eros Media World Enters Saudi Via Partnership With Arabia Pictures Group

    Indian media and entertainment giant Eros Media World is moving into the rapidly growing Saudi Arabia market, entering a strategic partnership with Riyadh-based content production company Arabia Pictures Group. The pair will explore opportunities in the film, technology and Web3 spaces and eye investments in content production, including end-to-end production, line production, distribution and more. They will also seek to introduce new technologies that can further the growth of the media and entertainment sector in Saudi. Eros and APG are already in the advanced stages of testing movie archive digitization and virtual location scouting technologies.

  • Archaeologists in Saudi Arabia Have Unearthed an 8,000-Year-Old Settlement That Includes an Tribute to the Deity Khaal

    The Kingdom of Kindah was established in the fifth and sixth centuries by a group of once-nomadic tribes from north and central Arabia. Today, the site sits roughly 400 miles southwest of the Saudi capital city of Riyad.

  • China, Saudi Arabia Announce Massive Strategic Partnership Energy Agreement

    The world’s largest oil-exporting company Saudi Arabian Oil Company (Saudi Aramco) has signed a memorandum of understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec). According to an official statement from Aramco, the agreement outlines “pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and in the kingdom”.

  • 8,000-Year-Old Settlement Unearthed in Saudi Arabia

    An 8,000-year-old settlement has been discovered by a group of Saudi and French archaeologists working at a site southwest of the Saudi Arabian capital of Riyadh. Led by the Saudi Heritage Commission, the team uncovered the Neolithic-era remains using laser scanning, aerial photography, drones, and various forms of surveying. The archaeologists located the settlement at Al-Faw, an archaeological site that has previously turned up evidence of a strong trade network that sustained an ancient city.

  • State Department clears weapons sales to Saudi Arabia, UAE

    The U.S. State Department on Tuesday cleared possible foreign military sales to Saudi Arabia and the United Arab Emirates, according to a statement from the Defense Security Cooperation Agency. Under the first deal, Saudi Arabia would buy 300 Raytheon Technologies-made MIM-104E Patriot missiles for more than $3 billion. Control stations, fire control and other equipment would be included.

  • UN: Yemen’s warring parties extend truce for two months

    Yemen's warring parties agreed to extend a four-month long truce just hours before it was due to expire, the UN envoy announced Tuesday, vowing to "intensify" efforts to secure lasting peace. The two-month extension will run from 2 August to 2 October, and "includes a commitment from the parties to intensify negotiations to reach an expanded truce agreement as soon as possible", the United Nations special envoy on Yemen, Hans Grundberg, said in a statement.

  • Saudi government selects IBM as partner for digital skills building

    Special note is given to the role of four academies to enhance digital skills – namely, Saudi Digital Academy, Misk Academy, Tuwaiq Academy, and National Information Technology Academy. The initiatives have helped reach more than 15 million beneficiaries, with more than 70,000 young people benefiting from initiatives to enhance their digital skills, along with more than 31,000 trainees and trainees in the Future Skills initiative.

  • Investment in MENA start-up Homzmart rises to $40 mln after latest round

    Furniture and home goods e-commerce platform Homzmart has closed one of the past year's biggest funding rounds for a Middle Eastern and North Africa start-up, raising $23 million, its chief executive said. The company, launched in 2020, will use the new funding to expand services, especially logistics, and fill gaps that appear in supply chains, co-founder and CEO Mahmoud Ibrahim said in an interview with Reuters.

  • Iran to start accepting Russian Mir payment cards soon -official

    Iran will soon start accepting payments made with Russia's Mir bank cards, a top official was quoted by Russia's RIA news agency as saying, making it the latest country to adopt the Russian-made alternative to Visa and Mastercard

  • Energy Department backs $2.5bn loan to GM venture for EV batteries

    A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states. The Energy Department said it has made a conditional commitment to lend the money to Ultium Cells, a joint venture of GM and LG. The loan could help Ultium finance three lithium-ion battery plants planned in Michigan, Ohio and Tennessee, bolstering the Biden administration’s efforts to promote electric vehicles and reduce dependence on China for critical components.