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Recent stories from sustg
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Fitch Affirms Saudi Arabia’s Public Investment Fund at ‘A+’; Outlook Stable
- November 17,2023
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- SUSTG Team
Fitch Ratings has affirmed Saudi Arabia’s Public Investment Fund’s (PIF) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘A+’ with Stable Outlook, the organization said in a press release.
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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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Dollar-priced oil ending? What’s the story?
- July 8,2024
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- SUSTG Team
A claim emerged in Chinese-language social media posts in June that Saudi Arabia terminated a 50-year formal agreement with the United States to conduct oil transactions in U.S. dollars, under a deal called the “petrodollar agreement.”
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PIF Increases Investment in Lucid
- March 27,2024
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- SUSTG Team
Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator.
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House Prices in Riyadh Continue Climb into Record Territory — Knight Frank Report
- February 14,2024
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- SUSTG Team
Global real estate consultancy Knight Frank released today its Winter 2023/24 Saudi Arabia Residential Market Review, available now on the company’s website.
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An exclusive interview with Dr. Mehmood Khan, founding CEO of Saudi Arabia’s HEVOLUTION Foundation
- November 20,2023
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- SUSTG Team
The 966 speaks with Dr. Mehmood Khan, CEO of Saudi Arabia’s Hevolution Foundation, a global non-profit revolutionizing the healthspan field launched by Royal Decree and chaired by HRH the Crown Prince Mohammed bin Salman. Dr. Khan shares his journey, Hevolution’s vision and insights into how he is working to build the organization’s operations from the […]
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Report: Biden Considers Another Bilateral Meeting with Crown Prince Mohammed bin Salman at G20 to Talk Saudi-Israel Mega Deal
- August 21,2023
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- SUSTG Team
President Biden is considering a bilateral meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of next month’s G20 summit in New Delhi, India, to discuss the recently-reported proposal for the Kingdom and Israel to move toward establishing relations, four sources with knowledge of the issue told Axios.
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The Impact of Healthcare Investments on Saudi Arabia’s economy
- July 9,2024
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- SUSTG Team
The Observer Research Foundation, a leading think tank based in India, examined Saudi Arabia’s spending and strategy with regard to improving health care for its citizens.
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Saudi Arabia to join Miss Universe for the first time
- March 26,2024
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- SUSTG Team
27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.
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Saudi Family Office Mithaq Capital Buys Majority Stake in Struggling Retailer Children’s Place
- February 15,2024
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- SUSTG Team
Saudi Arabia’s Mithaq Capital, a family office owned by the Al Rahji Family, snapped up shares in struggling children’s retailer The Children’s Place to take a majority stake in the company, Semafor reports.
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MUST-READS
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Saudi women entrepreneurs fight cultural conditioning
While “the number of Saudi women entrepreneurs grew significantly from 2007 to 2017,” entrepreneurship remains the exception as the vast majority of Saudi citizens prefer public sector employment attracted by high wages, social benefits and job security — government departments pay 59% more than the private sector.
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Small-scale factories to encourage Saudi women investors
Seeking to empower women entrepreneurship in the industrial sector, the Saudi Organization for Industrial Estates and Technology Zones (MODON) announced plans to establish fully equipped small-scale factories that sit on top of 200 square meters each.
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Saudi Podcast Helps Women, Men to Overcome The Social Stigma of Divorce
In June, 4,079 divorce certificates were issued in Saudi Arabia — 30 times more than the 134 granted in April when authorities began implementing strict movement restrictions. The sudden spike is extreme, but nevertheless mirrors a dramatic increase in divorce rates in the Kingdom in recent years.
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Saudi Arabia appoints 10 women to senior roles in holy mosques
The women were appointed in the two holy mosques in Mecca and Medina across various departments, including administrative and technical, according to statement released by the general presidency for the affairs of the two holy mosques.
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CNBC’s Hadley Gamble talks about Lebanon, Saudi Arabia and women journalists covering the Middle East
CNBC News Anchor and International Correspondent Hadley Gamble discusses what Lebanon’s creditors may be thinking; the future of Saudi Crown Prince Mohammad bin Salman’s Vison 2030; her career covering the Middle East; the impact of the #metoo for women journalists, and more.
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How the coronavirus pandemic affects Saudi women
Saudi women are playing a major part in the socioeconomic transformation under Vision 2030. The government of Saudi Arabia is implementing a broad program of gender reforms for which it received international recognition. It is ranked first in the GCC and second in the Arab World in the World Bank Business and Law Report (2020) for twelve regulations pertaining to women. Examples of new amendments to the laws include protecting women from discrimination in employment and in accessing financial services. The retirement age for men and women has also been equalized at 60 years, prolonging women’s employment duration, earnings and contributions.
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Saudi SIDF, through W20, strives to enhance women’s role in industrial sector
The Saudi Industrial Development Fund (SIDF), represented by Riyadh’s Alnahda Society, is the hosting organization of the Woman 20 (W20) summit, which aims to enhance women’s participation in the Kingdom’s industrial sector, the Saudi Press Agency reported. The W20 is an official G20 engagement group focused on women’s empowerment and gender equality. The W20’s primary objective is to ensure that gender considerations are mainstreamed into G20 discussions and translate into the G20 Leaders’ Declaration as policies and commitments that foster gender equality and women’s economic empowerment.
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Women form 27.5% of the labor market; 391 Saudi women given leadership training
The Ministry of Human Resources and Social Development has made big strides in their Saudization drive and is continuing to localize several sectors and raise the percentage of participation of Saudi men and women in the private sector and the labor market, Saudi Press Agency (SPA) said Thursday. Meanwhile, the ministry has narrowed the gap between the workforce of both sexes in the labor market. In this regard, the ministry revealed a high indicator of women’s share in the labor market from the workforce, for Q1 2020.
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Saudi Arabia appoints 13 women to Human Rights Commission
Saudi Arabia has reshuffled the Human Rights Council by appointing 13 women as members in a move that will have a great impact on the mission of the kingdom to promote human rights for Saudis and expats, Saudi media reported.
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Saudi Street Stylebook ‘Under The Abaya’ Celebrates Women’s Empowerment
Saudi Arabia’s first-ever street style book launched by Saudi entrepreneur and industry leader Marriam Mossalli, “Under the Abaya: Street Style from Saudi Arabia,” is groundbreaking in its exposure of the Kingdom’s unique fashion scene, still little-known outside the country.
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