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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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Inaugural AlUla World Archaeology Summit Kicks Off in Saudi Arabia with Leading Heritage Experts in Attendance
- September 13,2023
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- SUSTG Team
From Sept. 13 to 15, Saudi Arabia will host the inaugural AlUla World Archaeology Summit in the Kingdom, organized by the Royal Commission for AlUla and taking place in AlUla’s Maraya Concert Hall.
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US President Biden, Crown Prince Mohammed bin Salman Exchange Warm Greeting, Handshake at G20
- September 11,2023
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- SUSTG Team
President Joe Biden “warmly greeted” Crown Prince Mohammed bin Salman after they appeared together along with several other leaders at the Group of 20 summit Saturday in New Delhi, India, according to the Associated Press, as relations between the two nations continue on an upswing in recent months.
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Understanding Vision 2030’s impact on media perceptions of Saudi Arabia’s with Rawan Hashem; also, Hevolution’s rise, Tourism in KSA and much more
- September 8,2023
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- SUSTG Team
Episode 102! Rawan Hashem from the data insights firm Carma joins The 966 to discuss evolving media perspectives of Saudi Arabia and Vision 2030. Before the conversation, the hosts discuss the new organization in Saudi Arabia, called Hevolution, and its $1 billion mission to advance humanity’s fight against aging based on a recent Wall Street Journal article from this […]
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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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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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Saudi Arabia Said to Weigh Investing in ‘Made in Italy’ Fund; Italy’s Eni and ACWA Power Sign Green Hydrogen Deal
- September 4,2023
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- SUSTG Team
Italy and Saudi Arabia are in talks about a potential Saudi investment in Rome’s new strategic fund, Italy’s Industry Minister Adolfo Urso said on Monday, as the two signed a deal to forge closer economic relations, particularly in energy, Reuters reports. The “Made in Italy” fund was approved in May and will have an initial endowment of […]
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Zurich-based UBS projects Middle East digital economy to quadruple by 2030; outpacing global average
- August 31,2023
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- SUSTG Team
The Middle East’s digital economy is projected to grow from $180 billion to about $780 billion by 2030. A 20% compound annual growth significantly outpacing the global average.
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Saudi Arabia’s PIF Invests $100 Million in the US-based Professional Fighters League Mixed Martial Arts
- August 30,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund, using a new investment vehicle, will reportedly make the Kingdom’s first foray into mixed martial arts (MMA) by investing $100 million in the US’s Professional Fighters League and creating a regional tournament, the Financial Times reports.
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Saudi Arabia’s Ades International Holding Set to List in Riyadh, May Be Kingdom’s Largest IPO in 2023
- August 28,2023
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- SUSTG Team
Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year, according to reports.
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MUST-READS
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The start of Ramadan in Saudi Arabia — in pictures
Muslim worshippers perform sunset prayers at the Grand Mosque in Makkah as they mark the end of the first day of Ramadan.
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The start of Ramadan in Saudi Arabia — in pictures
Muslim worshippers perform sunset prayers at the Grand Mosque in Makkah as they mark the end of the first day of Ramadan.
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Saudi Arabia Announces Ramadan to Start Thursday
Saudi Arabia, home of the holiest shrines in Islam in Mecca and Medina, has announced that the fasting month of Ramadan will start on Thursday. The kingdom's supreme court ruled on Tuesday evening that the Islamic calendar month of Shaban, which precedes Ramadan, will end on Wednesday, meaning Ramadan will begin the following day, the official Saudi Press Agency reported. Authorities earlier on Tuesday called on residents to try to spot the crescent moon that marks the start of Ramadan, but it was not visible, state media said.
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Saudi Arabia Announces Ramadan to Start Thursday
Saudi Arabia, home of the holiest shrines in Islam in Mecca and Medina, has announced that the fasting month of Ramadan will start on Thursday. The kingdom's supreme court ruled on Tuesday evening that the Islamic calendar month of Shaban, which precedes Ramadan, will end on Wednesday, meaning Ramadan will begin the following day, the official Saudi Press Agency reported.
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Saudi Arabia Announces Ramadan to Start Thursday
Saudi Arabia, home of the holiest shrines in Islam in Mecca and Medina, has announced that the fasting month of Ramadan will start on Thursday. The kingdom's supreme court ruled on Tuesday evening that the Islamic calendar month of Shaban, which precedes Ramadan, will end on Wednesday, meaning Ramadan will begin the following day, the official Saudi Press Agency reported.
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Saudi Arabia calls for crescent Moon sighting to mark the start of Ramadan 2023
The Supreme Court in Saudi Arabia has called on people to look for the crescent moon on Tuesday, the sighting of which would start the holy month of Ramadan. State news agency SPA reported that the country’s Supreme Court has requested anyone who sights the crescent moon, whether with the naked eye or using binoculars, to report it to the nearest court and register their testimony. Alternatively, they can contact the nearest relevant authorities to guide them.
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Saudi Arabia calls for crescent Moon sighting to mark the start of Ramadan 2023
The Supreme Court in Saudi Arabia has called on people to look for the crescent moon on Tuesday, the sighting of which would start the holy month of Ramadan. State news agency SPA reported that the country’s Supreme Court has requested anyone who sights the crescent moon, whether with the naked eye or using binoculars, to report it to the nearest court and register their testimony. Alternatively, they can contact the nearest relevant authorities to guide them.
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Iran Agrees to Stop Arming Houthis in Yemen as Part of Pact With Saudi Arabia
U.S. and Saudi officials said they want to see if Iran holds up its end of the bargain as Tehran and Riyadh proceed with plans outlined in the deal to reopen their respective embassies in two months. The agreement to resume Saudi-Iran relations “gives a boost to the prospect of a [Yemen] deal in the near future,” while Iran’s approach to the conflict will be “kind of a litmus test” for the success of last week’s diplomatic deal, one U.S. official said.
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Iran Agrees to Stop Arming Houthis in Yemen as Part of Pact With Saudi Arabia
U.S. and Saudi officials said they want to see if Iran holds up its end of the bargain as Tehran and Riyadh proceed with plans outlined in the deal to reopen their respective embassies in two months. The agreement to resume Saudi-Iran relations “gives a boost to the prospect of a [Yemen] deal in the near future,” while Iran’s approach to the conflict will be “kind of a litmus test” for the success of last week’s diplomatic deal, one U.S. official said.
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Empowering Saudi Arabia’s private sector is at the heart of everything PIF does
By acting as a cornerstone investor, PIF’s size and long investment horizon mean we can step in at the early stages, lay the foundations, and “crowd in” the private sector. This is particularly important in sectors that do not exist currently or are in the early stages of growth in the Kingdom. From investments in the automotive sector, establishing the Kingdom as a manufacturing hub for the next generation of electric vehicles, to the growing esports and gaming industries, and as a major investor in renewable energy, PIF is catalyzing emerging sectors and investing in our shared future.
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