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LIV Golf, PGA Tour to Merge in Surprise Development; Yasir Al-Rumayyan to Chair New Entity
- June 6,2023
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- SUSTG Team
In a surprise move, the PGA Tour and its well-funded rival, LIV Golf, have agreed to merge, ending a dispute between the two tours.
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Startup Airline Riyadh Air Reveals New Livery Design
- June 5,2023
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- SUSTG Team
Riyadh Air unveiled what’s being called the first of two livery designs, described as “a perfect blend of cutting-edge technology and timeless elegance.”
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Saudi Center for Commercial Arbitration CEO Dr. Hamed Merah joins The 966, LIV Golf in DC and much more…
- June 2,2023
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- SUSTG Team
The 966 talks about the state of business dispute resolution in Saudi Arabia with the CEO of the Saudi Center for Commercial Arbitration, Dr. Hamed Merah, who joins from Riyadh. The 966 talks with Dr. Merah about the SCCA’s rise as a leading dispute resolution body in the region and increasingly, globally. As Saudi Arabia […]
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Lucid Shares Tumble on News of $3 Billion in New Fundraising
- June 1,2023
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- SUSTG Team
Shares of Lucid Group’s stock tumbled today on news that the group is raising about $3 billion in a common stock offering, with the majority of the money coming from the electric vehicle maker’s Saudi owners, the Public Investment Fund.
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Saudi Arabia In Talks to Join BRICs Bank – Report
- May 31,2023
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- SUSTG Team
Saudi Arabia is in talks to join the New Development Bank, the lender created by the BRICS group of nations, according to a report in Bloomberg, citing a report in the Financial Times.
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Neom Green Hydrogen Company to Start Producing Hydrogen by Next Year, Company Says — Report
- May 30,2023
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- SUSTG Team
Neom Green Hydrogen Co. said it will begin producing the fuel for transportation by 2024, the head of the venture said according to Bloomberg.
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An update on the VC scene in Saudi Arabia with Eyad Albayouk, Saudis in space, Newcastle United rises and much more…
- May 26,2023
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- SUSTG Team
Episode 88! Venture capitalist Eyad Albayouk returns to The 966 to talk about the latest developments in the VC sector in Saudi Arabia as well as the closing of his new startup seed fund with Flat6Labs in Saudi Arabia. The hosts discuss with Eyad the rocky start for new funding rounds in the Kingdom after […]
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Bechtel Saudi Arabia Names Abdulrahman Al-Ghabban New VP of Infrastructure in Kingdom
- May 24,2023
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- SUSTG Team
Bechtel Saudi Arabia has named company veteran Abdul-Rahman Al-Ghabban as new Infrastructure Vice President in the Kingdom of Saudi Arabia, the company confirmed to SUSTG in a press release.
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PIF’s Badeel, ACWA Power Invest $3.25 Billion into Three New Solar Projects in Saudi Arabia
- May 22,2023
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- SUSTG Team
The Water and Electricity Holding Company (also known as Badeel), a wholly-owned company of Saudi Arabia’s Public Investment Fund (PIF), and ACWA Power today announced the signing of power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development, and operation of three major new solar PV Independent Power Producer (IPP) projects in […]
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‘Salmani’ Architecture, VIA Riyadh opens, rainfall record shattered in Saudi Arabia and much more…
- May 19,2023
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- SUSTG Team
Episode 87! The hosts explore overlapping topics in Salmani architecture and an evolving Riyadh city under King Salman for decades. Kicking things off, Richard’s One Big Thing is the rise of Salmani Architecture – a term the hosts have come across in recent months that is important in understanding the current and new face of […]
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MUST-READS
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The Kingdom of Saudi Arabia will participate for the first time in history of the Winter Olympics
The Kingdom of Saudi Arabia will be participating for the first time in history in the #WinterOlympics, Princess Reema bint Bandar confirmed on Twitter. China’s Xinhua news agency announced earlier in the day that Saudi Arabian alpine skiers Salman Al Howaish and Fayik Abdi had qualified to compete in the Beijing 2022 Winter Olympic Games.
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Analysis: Shrink to fit: the year Big Oil starts to become Small Oil
But unlike any other time in their history, BP, Royal Dutch Shell(RDSa.L), TotalEnergies , Equinor (EQNR.OL) and Italy's Eni are focusing on returning as much cash as possible to shareholders to keep them sweet as they begin a risky shift towards low-carbon and renewable energy.
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Why the World Needs Partnership with Saudi Arabia: Saudi Arabia’s Global Humanitarian and Development Aid
This paper will shed light on the Official Development Assistance (ODA) provided by the Kingdom of Saudi Arabia (KSA) to developing countries worldwide. The KSA has contributed significantly to the well-being of many developing countries. However, for quite some time, such valuable assistance was not publicized enough in the media nor reflected in international aid platforms.
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Meet the Woman Helping to Restore Jeddah’s Historic Al-Balad Quarter
“Your performance is low,” Dr. Rawaa Bakhsh tells me with a laugh, referring to the fact that we’ve hardly made a dent in the piles of food sitting in front of us. The table is groaning with breakfast dishes—three types of Egyptian foul bean stew, Indonesian martabak pancakes, Afghan tameez bread, pots of milky Adeni tea, and Royal Masoub, a Yemeni banana pudding made with bread, cashews, clotted cream, and honey, topped with grated cheddar cheese that I mishear as “Jeddah cheese.” It may as well be. “We love that stuff,” Bakhsh says. “We put it on everything.”
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2022 Look Ahead: Saudi Arabia’s booming entertainment sector is just getting started
Five years on, the thirst for entertainment in Saudi Arabia is plain to see. In the space of just two months, up to 8 million people have taken part in Riyadh Season 2021 — a cultural extravaganza that was unheard of just half a decade ago.
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Foreign Investment Into Saudi Arabia Falls Back To Earth
The latest figures from the Saudi Central Bank (Sama), released this week, show inward foreign direct investment (FDI) into the country was $1.75 billion in the third quarter of 2021. That was a sharp fall from the record figure of $13.8 billion in the April-June quarter, which had been boosted by a deal for the pipeline network of energy giant Saudi Aramco.
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Saudi and Israeli foreign ministers joined State Department virtual meeting on Omicron
US Secretary of State Antony Blinken's virtual meeting with foreign ministers about the Omicron coronavirus variant last week included the ministers from both Saudi Arabia and Israel, a rare instance where the two countries who do not have formal diplomatic relations participated in the same call.
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PIF’s $40bln investment plan to boost growth of startups in Saudi Arabia
Saudi Arabia continues to focus on efforts to spur the growth of startups in the Kingdom to help boost the national economy, as is evident from the recently announced Saudi budget 2022. According to Saudi Finance Minister Mohammed Al-Jadaan, the MENA region’s largest economy is expected to post a surplus of SR27 billion in 2023 and SR42 billion in 2024.
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Saudi Arabia’s First Contemporary Art Biennale Kicks Off Arts and Culture Programme
As part of this partnership, DGDA will support on several aspects of the Biennale including the volunteer program, artwork commissions in At-Turaif, school trips to the Biennale and workshops. These elements are meticulously designed to invite both local communities and international cultural consumers to an inclusive experience.
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Saudi artist Abdulrahman to perform his experimental project ‘The Hope Will Never End’ at Maraya in AlUla
An improvisational composer, independent, experimental singer and musician, Abdulrahman Mohammed’s passion lies in creating Arabic improvisational composing, combining it with Western, Indian, Mediterranean musical types, such as acoustic, indie, folk, progressive, light jazz, and instrumental Arabic songs.
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