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Recent stories from sustg
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The Future of Fintech and Blockchain with Amit Sharma, CEO of FinClusive
- November 27,2023
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- SUSTG Team
Amit Sharma, CEO and Founder of FinClusive Capital, a hybrid fin-/reg-tech company based in the United States, joins The 966 to talk digital banking, fintech and more. Finclusive, headquartered in New York, New York, is a global compliance, digital identity and payments platform for a new era of financial services.
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Saudi Crown Prince Mohammed bin Salman invited to visit UK – BBC Report
- August 17,2023
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- SUSTG Team
Crown Prince Mohammed bin Salman has been invited to visit the UK, the Saudi Arabian embassy has told the BBC.
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Saudi Arabia rises on Expat Insider 2024 rankings
- July 12,2024
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- SUSTG Team
For its 11th edition of the Expat Insider survey, InterNations surveyed 12,500 expats representing 175 nationalities living in 174 countries or territories on their thoughts on what it’s like to live and work abroad.
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FIFA Series 2024 Friendly Matches Kick Off in Jeddah
- March 21,2024
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- SUSTG Team
The FIFA Series: Saudi Arabia A will be held in Jeddah, Saudi Arabia from March 21–26, 2024. The event will feature two groups, including Cambodia, Equatorial Guinea, Guyana, and Cape Verde. The series is designed to help national teams that do not often play teams from other confederations, and FIFA will cover the teams’ travel costs. There will be […]
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2nd Edition of FII in Miami, Florida Kicks Off Tomorrow
- February 21,2024
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- SUSTG Team
Leaders from the public and private sector, business and finance executives and others will descend this week on Miami for the second FII event to take place in that city to discuss potential solutions to the planet’s ongoing conflicts and climate change, as well as artificial intelligence.
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Saudi Arabia NEOM Investment fund to hold 6% in Italy’s Technogym
- December 4,2023
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- SUSTG Team
Saudi Arabia NEOM Investment Fund (NIF) will hold 6% of Technogym share capital after an 111-million-euro ($120.83 million) investment and “intends to be a long-term minority shareholder in the Italian fitness-equipment maker,” the fund said on Friday per a report in Reuters.
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Physician and media commentator Dr. Qanta Ahmed joins The 966 to talk about ‘colossal’ changes in Saudi Arabia and much more
- July 14,2023
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- SUSTG Team
Physician, non-fiction author, and broadcast media commentator and writer Dr. Qanta Ahmed joins The 966 from New York to discuss the “colossal” changes in Saudi Arabia since Vision 2030 was launched and her view that Saudi Arabia has emerged as an increasingly important and influential global power. Dr. Qanta is an Academic Pulmonologist and Sleep Disorder Specialist at NYU […]
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Buy Now, Pay Later (BNPL) services on the rise in Saudi Arabia
- July 15,2024
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- SUSTG Team
In a recent study, Redseer Strategy Consultants shared that the use of Buy Now, Pay Later (BNPL) services is on the rise in the Middle East. The UAE and Saudi Arabia outscored their regional peers.
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NYT Reports on Proposed $40B Saudi AI Investment
- March 20,2024
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- SUSTG Team
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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SoftBank to Create Industrial Robots for Saudi Arabia
- February 22,2024
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- SUSTG Team
Alat (Arabic for ‘machines’), the PIF funded $100 billion initiative to create an automated manufacturing hub in Saudi Arabia will invest up to $150 million in partnership with SoftBank.
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MUST-READS
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Real EstateSaudi investments in Dubai’s real estate crosses $6.18 billion
Investors were the second biggest buyers in Dubai real-estate sector among GCC countries in 2014, according to a Dubai Land Department (DLD) report, with a total value of AED22.7 billion.
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Solar EnergySaudi’s ACWA Power gets $344 mln loan for Dubai solar project
ACWA is preparing bids for projects worth $7 billion in areas from from south Asia to the Middle East and North Africa and South Africa, Padmanathan said. "It is a very, very buoyant sector."
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HiltonHilton expands its Dubai, Saudi portfolio
Hotel group Hilton Worldwide is expanding its portfolio in Dubai and Saudi Arabia with the singing of three new properties and adding 656 rooms, extending its mid-market brand's portfolio of more than ten properties either trading or under development in the Middle East.
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TanmiyatSaudi’s Tanmiyat to Spend $218 Million Finishing Dubai Projects
Tanmiyat, a Saudi property developer and investor, plans to spend 800 million dirhams ($218 million) this year completing Dubai projects that stalled after the city’s 2008 real estate collapse.
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Dubai Skyscraper FireHuge blaze damages Dubai skyscraper
Hundreds of panicked residents fled one of the tallest towers in Dubai early Saturday as a huge fire engulfed the skyscraper, causing extensive damage to its luxury flats.
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Open DataOpen data developments in Saudi Arabia, Qatar and Dubai
These developments in three GCC countries show how these countries among other Arab countries such as Tunisia and Morocco have evidently begun recognising the need for openness in government data for the betterment of societies and communities in the region. This has been particularly evident from the recently published Open Data Barometer, where nine countries were assessed - four of which are GCC countries (Bahrain, UAE, Saudi Arabia and Qatar).
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HealthcareSaudi firm plans $272m Dubai ‘smart hospital’, eyes IPO
The company behind plans to build a $272 million "smart hospital" and research focused university in Dubai, is reportedly looking to sell a 30 percent stake through an initial public offering.
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Vacation HabitsDubai top destination for Saudi vacationers
Dubai is the favorite destination for Saudi tourists, mainly for short vacations. Official statistics of the emirate for 2014 revealed that 1.8 million Saudis visited Dubai. According to experts and operators in the travel and tourism industry, Cairo and Sharm El Sheikh in Egypt ranked second on the list, with the number of travelers to the two holiday destinations growing by 300 percent.
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Kingdom HoldingPrince Alwaleed’s Kingdom Holding Sells Mövenpick Hotel Bur Dubai
Kingdom Holding Investments (KHI), a subsidiary of Saudi Prince Alwaleed Bin Talal’s Kingdom Holding Company (KHC), has announced that it has sold its stake in the Mövenpick Hotel and Apartments Bur Dubai.
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OPEC MeetingSaudi Stocks Head Into Bear Market on OPEC Output; Dubai Slumps
Saudi Arabian stocks headed for a bear market after OPEC took no action to stem a slump in oil, triggering a rout in Middle Eastern equity markets.
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