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Recent stories from sustg
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Saudi Arabia signs $533m deals with Africa; PIF Plans Investment Announcements – Reports
- November 9,2023
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- SUSTG Team
Saudi Arabia signed over SR2 billion ($533 million) worth of agreements with African countries during a special conference in a “significant boost to the Kingdom’s ties with the continent,” according to reports.
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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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Growing Saudi female sports participation triggers retail growth
- May 16,2024
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- SUSTG Team
Writing for Jing Daily, Julienna Law reports that Saudi Arabia’s sportswear and athleisure apparel market is set to boom as women, in particular, become more active in sports.
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Saudi Stock Market Lists 400th Security
- April 3,2024
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- SUSTG Team
Formally established in 2007 after the devastating market crash of 2006 and incorporated as a holding company in 2021, the Saudi stock market (Tadawul) recently hit a milestone of 400 listed securities.
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Fitch Affirms Saudi Arabia at ‘A+’ with Outlook Stable
- February 6,2024
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- SUSTG Team
Fitch Ratings has affirmed Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook, the ratings agency said. “Saudi Arabia’s ratings reflect its strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the ‘A’ and ‘AA’ medians, and significant fiscal buffers […]
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The Saudi economy and government spending with former IMF Country Head for Saudi Arabia Tim Callen, big announcements from The 966, and much more…
- November 10,2023
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- SUSTG Team
Tim Callen, ex-IMF Mission Chief to Saudi Arabia and Visiting Fellow at AGSIW, joins The 966 to discuss Saudi Arabia’s budget, government spending, and more. Tim’s most recent piece for AGSIW discusses how increased spending in Saudi Arabia raises risks to the Saudi budget. The hosts take advantage of Tim’s extensive experience and vast knowledge on how […]
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New Murabba Development Company Awards Industry-Leader Bechtel with PMC Contract for Masterplan, Site-Wide Infrastructure
- August 29,2023
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- SUSTG Team
The Saudi-based, PIF-owned New Murabba Development Company has announced that Bechtel, the leading engineering and construction company, has been awarded a key contract to provide project management services for the New Murabba development in the capital Riyadh.
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Saudi Entertainment Ventures (Seven) and Qiddiya Combine
- May 15,2024
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- SUSTG Team
Seven, a wholly owned public investment fund (PIF) company, has now become a wholly owned subsidiary of Qiddiya to enhance the offerings of both companies and support its wider strategy for the entertainment, leisure and sports sector.
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Saudi Arabia’s non-oil business activity grows robustly in March, PMI shows
- April 3,2024
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- SUSTG Team
Strong demand helped drive non-oil business activity in Saudi Arabia in March, Reuters reports, with output accelerating to a six-month high.
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2nd PIF Private Sector Forum Concludes; Expands Private Sector Interaction with PIF Portfolio Companies
- February 7,2024
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- SUSTG Team
Saudi Arabia concluded its second edition of the “PIF Private Sector Forum” in Riyadh, an event that brought together stakeholders from the PIF and its portfolio companies to engage directly with private sector companies at the King Abdulaziz International Convention Center in Riyadh.
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MUST-READS
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FIFA President offers support to women’s football development during Saudi Arabian visit
FIFA President Gianni Infantino met with members of the women’s football development department of the Saudi Arabian Football Federation (SAFF) and with members of the Saudi Arabia national women’s futsal team during his visit to the country.
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Saudia to hire 50 Saudi women as flight attendants
Saudi Arabian Airlines announced the hiring of 50 Saudi women as flight attendants. Speaking to Okaz/Saudi Gazette, the national carrier sources confirmed that 50 airhostess positions have been allocated for female citizens in the first phase to work in Jeddah and Riyadh stations. They will take up job after undergoing training for two months.
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Saudi women’s rights activist Loujain al-Hathloul sentenced to prison, but could soon be free
Despite the years-long sentence, however, al-Hathloul could be released from prison as soon as March. Her sister said the sentence is partially suspended and she will get credit for time already served. Once she is released, she also faces a five-year travel ban. Women's rights groups, including the United Nations Committee on the Elimination of Discrimination against Women, have called for al-Hathloul's release.
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Saudi court hands prison sentence to women’s rights activist – local media
A Saudi court on Monday sentenced prominent women’s rights activist Loujain al-Hathloul to five years and eight months in prison, local media reported, in a trial that has drawn international condemnation and as Riyadh faces new U.S. scrutiny.
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Saudi women take to the skies as flight attendants for the first time
Saudi Arabian Airlines (Saudia) over the weekend opened the door for Saudi women to work as flight attendants for the first time. The kingdom’s flag carrier clarified in a statement on Friday that Saudi female applicants must be high school graduates between the ages of 20 and 30, with the “required level of the English language,” that their weight be “proportional to the height in accordance with the standards of Saudi Airlines” and that they pass a medical examination.
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Princess Reema bint Bandar Al Saud: Saudi Women Have a Bright Future
To overturn decades of systemic social, cultural, and economic inequity, it’s not enough just for governments to implement new rules, regulations, and laws (which alone don’t change behavior) – private sector attitudes and society’s perceptions must change as well. We need a new mindset; one where building more equitable and tolerant societies is a collective ambition, a shared responsibility, and a common obligation of citizenship. And we need to do it for the right reasons, not as an ambition to “Westernize” but as an ambition to evolve and advance, while maintaining the traditions and beliefs of our beautiful and rich culture.
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KSA’s REDF empowers 73,000 Saudi women to own homes in 2020
Saudi Arabia’s Real Estate Development Fund (REDF) – which provides diversified and balanced home financing options and integrates with the KSA Ministry of Housing’s programmes – has benefited more than 73,800 Saudi women with real estate loans between January and October 2020, in line with the firm’s mission to empower women to purchase homes of their own.
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Saudi Arabia urged to release women’s rights activists by European envoys
Seven European human rights ambassadors criticized Saudi Arabia on Sunday over the continued detention of at least five women's rights activists, including Loujain al-Hathloul, whose case has been referred to a special court for terrorism offenses. Hathloul appeared in a Saudi court on Wednesday, as her trial was scheduled to start after 900 days in pre-trial detention.
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Saudi women’s rights activist’s trial moved to terrorism court
Her trial was expected to begin on Wednesday, but the judge’s decision to hand over her case to the “specialised criminal court” means further delays, and represents an escalation of the state’s case against her. It is unclear if the cases of the other women in the dock have also been moved.
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The first women’s football league in Saudi Arabia has officially launched
The new league includes a total of 24 teams with over 600 players. And the teams are located in three different cities in the Kingdom – Dammam, Jeddah and Riyadh. Excitingly, seven matches took place in Saudi Arabia last week in Jeddah and Riyadh.
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