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Recent stories from sustg
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Google to Launch Saudi Cloud Region this Week, VP Says
- November 13,2023
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- SUSTG Team
Google will launch its Saudi Arabian cloud region this week, Anthony Cirot, Google Cloud’s EMEA South VP, posted on LinkedIn this week.
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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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Aramco’s strategic gas expansion progresses with $25bn contract awards
- July 1,2024
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- SUSTG Team
Aramco has awarded contracts worth more than $25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels. The contracts relate to phase two development of the vast Jafurah unconventional gas field, phase three expansion of Aramco’s Master Gas System, new gas rigs […]
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Saudi Aramco to Expand Huge Gas Plant as Global Demand Surges and Market Dynamics Shift
- April 2,2024
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- SUSTG Team
Saudi Aramco is moving ahead with plans to expand the Fadhili gas processing facility in the kingdom’s Eastern Province as part of its strategy to tap vast and under-developed gas resources within Saudi Arabia, according to a report in Bloomberg.
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Local content rate seen at 43% in Saudi Arabia with a 20% jump in spending – PIF
- February 8,2024
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- SUSTG Team
The growth rate of local content in Saudi Arabia has now reached 43 percent, a top PIF official noted at the Private Sector Forum in Riyadh yesterday, noting that overall spending on content has increased by 20 percent.
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Iranian President Meets with Crown Prince Mohammed bin Salman for First Time with Regional Stability in the Spotlight
- November 14,2023
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- SUSTG Team
Ebrahim Raisi has become the first Iranian president to visit Saudi Arabia in over a decade, meeting with Crown Prince Mohammed bin Salman for the first time in the Kingdom.
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Saudi Arabia gets a BRICS invite, a lightning strike on Mecca’s clocktower, and leading Riyadh-based architect Nadia Maqbool Al Lawatiya joins The 966
- August 25,2023
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- SUSTG Team
Nadia Maqbool Al-Lawatiya, a leading Riyadh-based architect and urban designer who is closely familiar with Salmani architecture, joins The 966 to share her journey and discuss some of the themes and thinking behind the new style emerging from Saudi Arabia. Nadia listened to a previous episode of The 966 on Salmani architecture and joins for this episode […]
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Saudi’s PIF Profit and Spending up in 2023
- July 2,2024
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) made $25 billion from investment activities in 2023 after an $11 billion loss in 2022. It was also the top spender in 2023, deploying $31.6 billion.
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Dolce & Gabbana Launches Flagship Saudi Store at Via Riyadh after Approaching KSA Market with ‘Caution and Respect’
- April 1,2024
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- SUSTG Team
Fashion icon Dolce & Gabbana unveiled a unique strategy for Saudi Arabia, opening up a flagship new store in Via Riyadh after approaching the market with “caution and respect,” Vogue Middle East reported.
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Saudi Arabia Leads Arab Push for Palestinian State as Anger over Israel’s Brutality Mounts in East and West
- February 9,2024
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- SUSTG Team
Saudi Arabia is pushing for Arab states to take “a common position on how to end Israel’s war on Hamas as fears grow over its attacks on the refugee haven of Rafah — while increasing calls for an independent Palestinian state,” Bloomberg reports.
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MUST-READS
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ETF ActivitySaudi Arabia on Track to Outpace India at Top of ETF Ranking
Inflows to Saudi shares are expected to keep growing as MSCI Inc. and FTSE Russell add some of the kingdom’s biggest companies to their main emerging-market benchmarks in the coming months.
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IndiaAnalysis: India’s Modi faces foreign pressures in 2nd term
Indian Prime Minister Narendra Modi won a second term with a muscular response to a suicide attack on Indian paramilitary forces in troubled Kashmir that gave him an opportunity to turn voters' attention away from the country's highest unemployment rate in decades.
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Indian OceanGulf Arab States Position Themselves to be Pivotal Players in the Indian Ocean
By investing politically and economically in the small states of the Indian Ocean, both on its African and Asian shores, Gulf Arab states are positioning themselves as pivotal actors in the region.
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BlockchainLaunching a New Remittance Corridor from Saudi Arabia to India
India received the most remittance volume in the world in 2018 at $79 billion, making it a critical and highly desirable corridor for many financial service providers in the Middle East and North Africa (MENA) region.
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Saudi AramcoSaudi Aramco to supply extra 2 million barrels/month to Indian Oil from July
Saudi Aramco will supply Indian Oil Corp Ltd an extra 2 million barrels of crude every month during July-December, an executive of the state-run Indian company said on Friday, as New Delhi looks to make up for the loss of supplies from Iran due to U.S. sanctions.
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Saudi-IndiaSaudi Arabia Has Big Plans in India
For the better part of a decade, both India and Saudi Arabia have been trying to turn the page on the issues that divide them, including Saudi Arabia’s historic support for Pakistan in Afghanistan and Kashmir, and forge a new tactical partnership to effectively manage growing bilateral trade and investment between the Gulf Cooperation Council heavyweight and what may soon be the world’s third largest economy.
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Saudi-IndiaSaudi Crown Prince accepted my proposal to release 850 Indians before Ramadan: PM Modi
Prime Minister Narendra Modi visited Uttar Pradesh's Bhadohi on Sunday. He said, "850 people of our country were locked up in jails of Saudi Arabia. Few days back, Crown Prince visited India. Month of Ramadan is approaching, I requested him to release them so that they can come home for Ramadan. He accepted my proposal and released tm even before Ramzan."
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IndiaVoting begins in 3rd phase of India’s national elections
Indians are voting in the third phase of the general elections with campaigning by Prime Minister Narendra Modi’s Hindu nationalist party and the opposition marred by bitter accusations and acrimony.
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IndiaMukesh Ambani’s Bet on India’s Rising Middle Class Is Paying Off
Asia’s richest man has ambitions to take on Amazon.com Inc. and Walmart Inc. in India, where the power of the middle class is growing along with demand for e-commerce. Ambani launched the telecommunications business in 2016, spending $36 billion to roll out a 4G wireless network across India and luring millions of subscribers with free or cut-price data services. He’s now building on that business to create an online shopping platform, just as the U.S. giants come up against constraints on foreign e-commerce activity in India.
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IndiaPolls open in 1st phase of India’s lengthy general election
Voters in 18 Indian states and two Union Territories began casting ballots on Thursday, the first day of a seven-phase election staggered over six weeks in the country of 1.3 billion people.
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