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Road Crash Deaths in Saudi Arabia Reduced by nearly 35% in Five Years – WHO
- June 20,2023
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- SUSTG Team
The Kingdom of Saudi Arabia reduced road crash deaths by nearly 35% in five years, the WHO says, noting that the fatality rate stood at 9311 [28.8 per 100,000 people] in 2016 and by 2021 the rate had dropped to 6651 [18.5 per 100,000 people].
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Airbus, Saudi Company Scopa Group Agree to $6.7 Billion Helicopter Pact as Paris Air Show Kicks Off
- June 19,2023
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- SUSTG Team
Airbus SE has signed an investment agreement worth more than 25 billion riyals ($6.7 billion) to build military and civilian helicopters in Saudi Arabia with a local defense company called Scopa Group, Bloomberg reports.
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Global HVAC and smart home leader Johnson Controls Arabia CEO Dr. Mohanad Alshaikh joins The 966
- June 16,2023
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- SUSTG Team
The 966 speaks with Dr. Mohanad AlSheikh, CEO of Johnson Controls Arabia, a leading player in Saudi Arabia and the MENA region’s growing HVAC and smart building market. The 966 hosts ask Dr. Mohanad about the growing business opportunities in the HVAC and smart buildings space in the Kingdom and the wider region, the company’s […]
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Saudi gigaprojects update: All you need to know
- June 15,2023
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- SUSTG Team
Writing for Construction Week, Angitha Pradeep provides an update on five (more if you separate Neom’s multiple builds) giga projects ongoing in Saudi Arabia.
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Saudi Crown Prince in France to Meet Macron and Attend Global Summit
- June 14,2023
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman headed for France on an official visit, the Saudi Press Agency reported, citing the Royal Court.
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Saudi Arabian Low-Cost Carrier Flynas is in Talks for an Airbus SE Jet Order – Reports
- June 13,2023
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- SUSTG Team
Saudi Arabian low-cost carrier Flynas is in talks for an Airbus SE jet order, people familiar with the matter told Bloomberg, as the main challenger to U.S.-based Boeing eyes major deals from growing Middle East carriers.
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Saudi Arabia Targets Massive $800 Billion in Tourism Investment Over Next Decade – Report
- June 12,2023
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- SUSTG Team
Tourism Minister Ahmed Al-Khateeb said at an Arab-China investment summit that Saudi Arabia is investing $800 billion in the tourism sector over the next ten years, according to reports.
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The Saudi PIF Invests in Saudi football, Messi to Miami, and Saudi entrepreneurs Sara Bin Laden and Renad Aljefri join The 966
- June 9,2023
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- SUSTG Team
Saudi entrepreneurs Sara Bin Laden and Renad Aljefri, recent WIN fellows, join The 966 from Jeddah to discuss their experiences and journeys to-date. Renad and Sara recently took part in the second cohort of the Atlantic Council’s Women Innovators Fellowship, known as the WIN fellowship – a program launched by the empowerME initiative of the […]
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Mena Startups Raised $445 Million in May 2023 – Wamda Report
- June 8,2023
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- SUSTG Team
May represented a bounce-back of sorts for the MENA VC and startup ecosystem, with venture funding into the region’s startups touched $445 million spread across 39 transactions, compared to $7 million raised across 11 deals reported in the preceding month, according to a monthly report in Wamda.
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NEOM Secures $5.6 billion Investment for Workforce Housing
- June 7,2023
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- SUSTG Team
Saudi Arabia’s planned mega-city NEOM has secured 21 billion riyals ($5.60 billion) in financing and has finalized contracts to develop the first phase of housing expansion for its workforce, it said in a statement on Tuesday, Reuters reports.
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MUST-READS
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Saudi Arabia declares victory over coronavirus
The Ministry of Health’s weekly confirmed COVID-19 case map shows that almost all of the Kingdom’s regions are in the “safe zone,” recording numbers below 50 throughout the past week and more. “We’re among the countries with noticeable control and decrease in cases,” ministry spokesman Dr. Mohammed Al-Abd Al-Aly said during a press conference.
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UAE convicts Saudi minister of fraud, issues $450m fine
The Court of First Instance in Dubai has found the Saudi Minister of Labour, Ahmed Al-Rajhi, guilty of fraud issuing him a $450 million fine in the case filed against him by the Palestinian-Canadian businessman Omar Ayesh. The court also charged Al-Rajhi with nine per cent annual interest on the fine, starting from 12 March 2017 until the completion of the payment.
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PICTURES: US Pavilion at Expo 2020 Dubai completes construction
A major exhibition installation will occur in early 2021, and final finishing will take place during Summer 2021, according to the state-run news agency, Wam.
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Nextflix Inks Multi-Picture Deal With Saudi Arabia’s Telfaz11 Studios
As it begins to ramps up production in the Middle East Netflix has announced a partnership with Saudi Arabian digital media studio Telfaz11 to produce eight new feature films. The deal segues from the two companies’ previous collaboration on the short film collection “Six Windows in the Desert,” which was an “incredible success,” according to a Netflix statement.
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Labour claims in Saudi Arabia – jurisdiction, process and timings
The new Labour Courts are a branch of the Court of First Instance and specialise in dealing with various labour disputes. They are scattered across the provinces and governorates of the Kingdom. According to the Ministry of Justice, there are seven Labour Courts across Riyadh, Damam, Makkah, Jeddah, Buraydah, Madines and Abha. In addition, there are also 27 Labour Circuits in various provinces and governorates, and nine Appeal Circuits in six Appeal Courts to review judgments issued by the First Instance Labour Courts.
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Ethiopian PM replaces top officials as conflict in Tigray region escalates
Ethiopia’s Prime Minister Abiy Ahmed replaced his army chief, the head of intelligence and the foreign minister on Sunday as the military continued a five-day old offensive in the restive Tigray region with a new round of air strikes.
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Saudi leaders congratulate Biden, Harris one day after election victory
King Salman of Saudi Arabia and Crown Prince Mohammed bin Salman reportedly congratulated Biden and Vice President-elect Kamala Harris according to the Saudi Press Agency, the state news agency of Saudi Arabia.
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For Turkey, the Libyan conflict and the eastern Mediterranean are inextricably linked
The proxy confrontation playing out in Libya between these foreign powers has intensified a regional competition for resources in the waters of the eastern Mediterranean, where several overlapping claims for maritime jurisdiction by Turkey, Egypt, Greece, and Cyprus have fueled escalating tensions that have elicited mediation efforts by NATO and the European Union (EU).
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For Turkey, the Libyan conflict and the eastern Mediterranean are inextricably linked
Turkey’s claims in the eastern Mediterranean infringe on what Egypt, Greece, and Cyprus insist are their own maritime boundaries. In early August, Egypt and Greece signed an agreement designating an exclusive economic zone in the eastern Mediterranean between the two countries in an area containing promising oil and gas reserves. The Greek-Egyptian agreement is intended to nullify Turkey’s own maritime agreement with the GNA and to challenge Turkey’s growing regional ambitions.
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Saudi energy minister voices OPEC+ commitment to ‘predict, prevent and be proactive’ in the oil market
OPEC+ must comply with three principles: "predict, prevent and be proactive" in the oil market, said Prince Abdulaziz, in his opening statement for the Joint Ministerial Monitoring Committee virtual meeting.
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