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Recent stories from sustg
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Lucid CEO Says Saudi Arabia Views Struggling EV Maker as Strategic Investment for Economic Diversification
- February 27,2024
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- SUSTG Team
Lucid Motors CEO said at the Geneva International Motor Show today that the struggling EV maker and its Saudi backers are “in this together for the long run” and the relationship is like a “marriage,” according to a report in Bloomberg.
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NEOM Announces Launch of ‘Topian’, the NEOM Food Company, Seeking to ‘Revolutionize Global Food Systems’
- December 11,2023
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- SUSTG Team
NEOM launched this weekend a new company, called “Topian,” the NEOM Food Company, which “seeks to redefine food production, distribution, and consumption through the creation of sustainable and innovative food solutions across five vertical pillars: climate-proof agriculture; regenerative aquaculture; novel foods; personalized nutrition; sustainable food supply and ESG.”
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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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Brazilian Miner Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia’s PIF, Ma’aden – Report
- July 26,2023
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- SUSTG Team
Brazilian miner Vale is reportedly close to completing a deal to sell a roughly 10% stake in its $25 billion base metals unit to a joint venture between Saudi Arabia’s sovereign-wealth fund, the PIF, and the Saudi mining company Ma’aden, people familiar with the matter told the Wall Street Journal.
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Saudi PIF Reports $11 Billion Loss in 2022 after Earning $19 Billion in 2021 – Reports
- July 12,2023
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund lost $11 billion on its investments last year, as the fall in global stock and bond prices impacted its holdings, according to a report in Bloomberg.
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Congressional Hearing Puts Capitol Hill Focus on Saudi Arabia’s Role in PGA
- July 11,2023
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- SUSTG Team
Two top PGA Tour officials will meet with US lawmakers today on Capitol Hill and plan to tell them that Saudi Arabia would have little sway over the golf business if a proposed merger with LIV Golf goes through, according to Bloomberg.
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Kingdom at the Forefront of Air Taxi Tech with Test of Volocopter in Collaboration with Neom
- June 22,2023
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- SUSTG Team
Saudi Arabia’s NEOM hosted the first test campaign of air taxi flights in the northwest of Saudi Arabia, building on a reputation of a leader in technologies in the under-development futuristic zone.
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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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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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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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MUST-READS
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WomenIn Saudi Arabia, hashtags are helping women fight domestic abuse
When specialized authorities ignore your case, social media platforms are there to help you get your voice out. Over the years, public opinion has been gaining much momentum that it's been changing many realities that would've been kept private and unmoved had they not been revealed to everyone online.
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CrossfitCrossfit trend sweeps Saudi Arabia and these women can’t get enough
“For example, deadlifting is like picking up heavy grocery bags and putting them in your car. We have a move called ‘wall balls’ which is the same kind of movement as when you grab your kid and put them in the crib -- squat, lift and place. It’s very empowering.”
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Women in SportSaudi women make history at sixth GCC Women’s Games
A number of sports appeal to Saudi women these days, but the journey toward mass participation probably began 15 or 20 years ago with those who wanted to play soccer and basketball. In those days however, the sporting opportunities open to women were private clubs or personal groups.
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WWE in KSAWWE stages first women’s wrestling match in Saudi Arabia
"It was like all of this love that was just waiting to be released into the atmosphere. It was such incredible destiny. I felt like it was everything I've ever worked for just coming full circle.
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FII FashionForeign women shun abaya at Saudi conference
Alongside Saudis in traditional dress and foreign men in ties and suits, women from the ranks of business and policy-making are visiting Saudi Arabia at a time when its young leader is introducing some striking reforms.
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EntertainmentWWE Saudi Arabia Crown Jewel: Women’s wrestling debuts in Saudi Arabia – with limits
Dressed demurely in black leggings and unflattering baggy t-shirts, rather than their trademark low-cut bikini tops, WWE superstars Natalya and Lacey Evans starred in the first ever women's wrestling match in Saudi Arabia on Thursday, the latest unlikely event in the kingdom as it attempts to shrug off an ultra-conservative image.
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EntertainmentWWE announces it will put on the first ever women’s wrestling match in Saudi Arabia
World Wrestling Entertainment announced Wednesday that it plans to hold the first women's wrestling match in Saudi Arabia. WWE stars Lacey Evans and Natalya plan to square off against each other during the Crown Jewel, a pay-per-view event being held Thursday at the King Fahd International Stadium in the capital city, Riyadh.
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WWE in KSAWWE hosting first ever women’s match In Saudi Arabia
WWE has announced at a press conference at King Fahd International Stadium in Riyadh that the first-ever WWE women’s match in Saudi Arabia will take place on October 31st as part of Riyadh Season
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'Saudi Women’s Driving School'In HBO Documentary “Saudi Women’s Driving School,” Director Erica Gornall Explores A New Freedom In Saudi Arabia
In Saudi Women’s Driving School, her new one-hour documentary premiering on HBO tonight, director Erica Gornall explores a world she’s aware that most audiences here are unfamiliar with, that of the women of Saudi Arabia as they move towards gender equality and freedom. Saudi Arabia rarely allows foreigners access to film in the Kingdom, so the unprecedented entry Gornall and her crew received gives a rare insight into these women’s lives and the political changes taking place now in Saudi Arabia.
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'Saudi Women’s Driving School'‘Saudi Women’s Driving School’: behind an inspiring, frustrating documentary
Last year, Saudi Arabia lifted its ban on female drivers. A new film follows several women as they take to the road – with surprising and moving results
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