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Saudi Arabia Sends Foreign Minister to BRICS Events in South Africa as it Seeks Membership
- August 23,2023
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- SUSTG Team
Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah will arrive in South Africa this week to take part in the BRICS Plus Dialogue and the BRICS-Africa Outreach events, according to reports.
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Saudi Arabia’s Media Powerhouse SRMG Makes Strategic Investment in Anghami, Spotify’s MENA Region Rival
- August 22,2023
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- SUSTG Team
SRMG Ventures, the venture capital arm of Riyadh-based conglomerate and the largest publishing company in the Middle East, the Saudi Research and Media Group, has announced a $5 million investment in Anghami, which is the Arab world’s rival to Spotify, according to Variety.
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Princess Mashael bint Saud Al Shalan joins The 966, Saudis rush to theaters to See ‘Barbie’, an update on The Line and more…
- August 18,2023
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- SUSTG Team
Episode 99! Princess Mashael bint Saud Al-Shalan, Founding Partner, Aeon Strategy, joins The 966 to discuss her work heading one of the leading consultancies in Saudi Arabia in the field of sustainability. Aeon Strategy played a key role in support of the Kingdom’s Net-Zero targets under the Saudi Green Initiative and the Circular Carbon Economy […]
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Inflation in Saudi Arabia Continues to Decline, Easing to 2.3 Percent in July
- August 15,2023
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- SUSTG Team
Saudi Arabia’s annual rate of inflation last month eased to 2.3 percent, down from 2.7 percent in June, according to official data. According to GASTAT, which produces and publishes the official data, housing, food and transport were among the drivers of a rise in consumer prices in July from a year earlier.
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More on Saudi-Israel normalization reports, Lucid’s future, and Kuwait University’s Bader Al-Saif joins The 966
- August 11,2023
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- SUSTG Team
Episode 98! Dr. Bader Al-Saif, founding President at Al-Saif Consulting and Assistant Professor at Kuwait University joins The 966 to talk about Saudi Arabia as an emerging economic and diplomatic power in a changing region. Al-Saif is also a visiting researcher at Georgetown University, where he completed his PHD in history, and a non-resident fellow […]
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Riyadh Air Sponsors Spanish Football Club Atlético de Madrid in 3 Year Deal; Jerseys Unveiled
- August 10,2023
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- SUSTG Team
Saudi Arabia’s newly launched airline, Riyadh Air, will sponsor one of Spain’s leading football clubs, Atlético de Madrid, the company said today in a press release as it unveiled a new design for the kits players will wear on-field.
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Lucid Air Limited Assembly In Saudi Arabia To Start In September; Company Slashes ‘Air’ Model Price
- August 9,2023
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- SUSTG Team
Lucid Motors, an EV company in which the Saudi Arabian Public Investment Fund (PIF) has a majority ownership stake, announced its second-quarter financial results yesterday, and provided some updates on its plans during an earnings call lead by CEO Peter Rawlinson. Lucid on Monday reported revenue in the April-June period of $150.9 million, missing estimates […]
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Saudi Transfer Spending on Par With European Top Leagues, Statista Report Says
- August 8,2023
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- SUSTG Team
A new chart from the website Statista places into context Saudi Arabia’s spending this transfer season vis-a-vis other top leagues, showing that the money spent on transfers by Saudi clubs this summer matches or exceeds the investments made by clubs from European top leagues, with the notable exception of the Premier League.
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Pulitzer Prize winning journalist and former publisher of the Wall Street Journal Karen Elliott House joins The 966
- August 4,2023
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- SUSTG Team
American journalist, author, media executive, and pulitzer prize winner Karen Elliott House joins The 966. Elliott House discusses her recent work, a paper entitled ‘Saudi First’, for the Belfer Center at Harvard’s Kennedy School of Government, as well as her experiences traveling to and from Saudi Arabia for decades and her views on Saudi Arabia as […]
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Wamda: MENA Startups Raised $95 Million in July 2023, a Bounce-Back from June’s Total but Deal Volume Falls
- August 3,2023
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- SUSTG Team
Startups in the Middle East and North Africa region (MENA) raised $95 million across 31 deals in July 2023, a slight dip from the $105 million recorded in the same month last year, according to Wamda, the leading website tracking the development of the startup ecosystem in the region.
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MUST-READS
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Senate confirms Barbara Leaf to lead State Department’s Middle East bureau
Barbara Leaf, the Biden administration’s pick to head the State Department’s Middle East bureau, was confirmed by the Senate on Wednesday after more than a year of being blocked by Republican lawmakers. US President Joe Biden nominated Leaf, currently the White House Senior Director for Middle East and North Africa Affairs, to be the Assistant Secretary for Near Eastern Affairs in April 2021.
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Iraq’s Minister of foreign affairs meets his Saudi counterpart
Iraq's minister of foreign affairs, Fuad Hussein, met today, Thursday, with his Saudi counterpart, Prince Faisal Bin Farhan, in Marrakesh. A statement by the Ministry said that the two sides discussed bilateral relations between Baghdad and Riyadh, and the importance of regional and international cooperation to achieve security and stability.
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KAUST and Monsha’at Sign Partnership to Advance Saudi Economy by Creating Opportunities for Small & Medium Sized Enterprises
A new program, KAUST SME Maharat helps small and medium organizations develop technical skills in vital areas such as AI, IoT, intellectual property and design thinking. The program has seen over 1,300 small business professionals enroll in the last two years. Additionally, a new Knowledge Partnership Program also seeks to transfer knowledge from KAUST’s research and innovation base to SMEs through consultancy.
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This Former Girls’ School In Saudi Is Now A Hub For Artists
In 1964, this building was Saudi’s first girls’ school. Today, Madrasat Addeerah is an arts and traditional crafts hub. Taken over by the Royal Commission for Alula in 2019, the school is now a thriving art space, with over 70 students perfecting their skills in spaces including ceramic, jewellery, pottery, wicker making and more.
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To see Saudi Arabia, start with this ‘magical’ gateway to Mecca
Along with its vast deserts and remarkable archaeological ruins, Saudi Arabia has Jeddah—the maritime gateway to the country’s sacred sites—to show off. In all, 650 18th- and 19th-century white-plastered, coral stone buildings. in Al-Balad (Old Jeddah), a UNESCO World Heritage site since 2014. Now is the time to visit, during a magical interlude after it has been refurbished but before the holiday hordes arrive.
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Heart And Soul – Vignettes from Ali Al-Baluchi’s Memoir: Part III – At Work
February 15, 1949 was the date I started working for Aramco, on the grand salary of 90 riyals per month. Once the formalities were completed, I was assigned to the office of the Superintendent of Schools, Mr. Don Richards, as an office boy. His secretary, Mrs. Marsha Naylor, was my immediate supervisor. Initially, I worked in the office for four hours a day, spending the remaining four hours with the study program.
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Saudi Arabia witnesses spike in women in tech startup than Europe: Report
This came in a report released by Endeavor Insight. The report also found that the percentage of women in tech is higher than that of men. According to reports, the participation rate of women in the tech sector stood at 28 percent in the third quarter of 2021, above the European average rate of 17.5 percent.
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How will the UAE’s new venture capital fund help overcome obstacles in the nation’s startup sector?
Approved on Thursday by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of Dubai Executive Council, the fund is expected to bolster and sustain startup projects and entrepreneurs in the emirate.
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Heart And Soul – Vignettes from Ali Al-Baluchi’s Memoir: Part II
In the 1940s, a good education was not widely available to the majority of the Saudi population. Realizing the advantages of a literate local workforce, Aramco built a small evening school in Al-Khobar to enable the learning of English. From amongst the students who attended on a voluntary basis, the company could select those showing potential to further their training at the company’s ‘Jebel School’ in Dhahran. In this second extract from his Memoir, Ali Al-Baluchi recounts the excitement of being selected whilst facing the subsequent challenge of proving his age to Aramco.
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Saudi Royals Are Selling Homes, Yachts and Art as Crown Prince Cuts Income
Saudi princes have sold more than $600 million worth of real estate, yachts and artwork in the U.S. and Europe since the kingdom’s de facto ruler tightened the purse strings of the ultrawealthy ruling family. The transactions represent a radical change of fortune for senior princes who funneled windfalls from oil booms in the 1970s and 1980s into some of the world’s most exclusive markets. The vast sums of money were spent largely on hard-to-sell assets or drained by spending that reached $30 million a month for some royals with large staffs and lavish lifestyles, making them vulnerable to recent changes in government policy.
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