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Recent stories from sustg
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Saudi Arabia to join Miss Universe for the first time
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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Hyundai and Red Sea Global Agree to Test EVs and Air Mobility Systems
Hyundai Motor Group said on Monday it has agreed with Saudi Arabia’s state-sponsored developer Red Sea Global (RSG) to cooperate in the Middle Eastern country’s push for electrification and other eco-friendly future mobility projects.
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Saudi Film Commission Reports Impressive 2023 Growth Statistics
Published in Screen Daily, the Saudi Film Commission reported on topline 2023 metrics for Saudi Arabia’s growing film industry. With more than 50% of the Saudi population under 25, there is a significant appetite for cinema, particularly for US action films, Egyptian comedies, and Saudi narratives.
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FIFA Series 2024 Friendly Matches Kick Off in Jeddah
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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NYT Reports on Proposed $40B Saudi AI Investment
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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U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”
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OPEC and IEA Agree on Something
The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), two of the leading global energy forecasters, have long disagreed on demand growth. They agree on this however.
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Saudi Non-Oil Activity reaches 50% of GDP as Economy Continues to Diversify
Non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever, the Ministry of Economy and Planning said on Thursday. The total non-oil economy was worth $453 billion at constant prices, driven by continued growth in investment, consumption and exports.
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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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Al-Hilal’s Streak and Saudi Professional League Spending
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
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MUST-READS
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Tyson Fury Arrives In Saudi Arabia For Undisputed Showdown With Usyk
WBC heavyweight champion Tyson Fury has made his arrival in Saudi Arabia for his clash against IBF/WBA/WBO champ Oleksandr Usyk undisputed fight on May 18th at the Kingdom Arena in Riyadh.
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How La Liga is building bridges with Saudi Arabia and regional partners
At the start of March, the La Liga FC Futures U14 tournament was held at the Mahd Sports Academy in Riyadh and won by Spanish club Villarreal. The competition had been organized in partnership with the Kingdom’s Ministry of Sports and saw 12 teams taking part, including eight EA Sports La Liga teams — Barcelona, Cadiz, Atletico Madrid, Sevilla, Villarreal, Real Betis and Osasuna — as well AS Roma from Italy, Portugal’s SL Benfica, Olympique de Marseille ofFrance and Saudi Arabia’s own Mahd Academy.
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Ronaldo scores his 4th hat trick of Saudi Pro League season
Cristiano Ronaldo scored his fourth hat trick of the Saudi Pro League season on Saturday as Al Nassr thrashed Al Wehda 6-0. The five-time Ballon d'Or winner now has 32 league goals this season, two short of Abderrazak Hamdallah's record tally of 34 back in the 2018-19 campaign, with four games still to play. Ronaldo opened the scoring in Riyadh in the fifth minute after intercepting a poor clearance from goalkeeper Monir El Kajoui.
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Boxing has a drug problem. Saudi Arabia’s Turki Alalshikh can make fixing it his legacy
Turki Alalshikh, chairman of the General Entertainment Authority, is the driving force behind Saudi Arabia’s expanding influence in boxing. His personal commitment and respect for the sport are well known. I’d like to see Turki Alalshikh take the lead in combatting the use of illegal performance enhancing drugs in boxing.
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Who’s Who: Abdullah Al-Ajmi, space business development director for Lockheed Martin in Saudi Arabia
Abdullah Al-Ajmi is the space business development director for Lockheed Martin in Saudi Arabia. He is responsible for coordinating and bolstering the Kingdom’s space efforts. In addition to fostering strategic cooperation between government and commercial enterprises, Al-Ajmi oversees the facilitation of scientific experiments and international research collaborations, as well as the administration of future space-related missions. A retired brigadier general of the Royal Saudi Air Force and Ministry of Defense, he has a wealth of expertise and experience in remote sensing and intelligence, surveillance, and reconnaissance and space systems.
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Saudi Awwal Bank reports 16 percent growth in Q1 net profit at SR2 bn
Lubna S. Olayan, chair of the board of directors of Saudi Awwal Bank, announced the bank’s financial results for the period ending March 31. SAB recorded a net profit after zakat and income tax of SR2.04 billion ($543.9 million) for the period ending March 31, representing an increase of 16 percent compared to the same period of 2023. The total operating income rose 7 percent to SR3.44 billion.
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World Snooker Championship: The near-silent sport which has become the latest focus of Saudi Arabia’s imagination
No one dares speak louder than a whisper as nearly 1,000 people respectfully take their seats inside the dimly lit Crucible Theatre. There is a sense of nervous excitement as those lucky enough to get their hands on a ticket cram into this historic venue in the heart of Sheffield, a city in the north of England. But they’re not here to see a theatrical performance. They’ve come to witness the nerve-shredding, silently electric atmosphere of the World Snooker Championship.
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Sullivan Says US-Saudi Defense Pact Not Possible Without Israel Deal, FT Reports
US National Security Advisor Jake Sullivan insisted the Biden administration will enter into a defense pact with Saudi Arabia only if the kingdom normalizes relations with Israel, the Financial Times reported. Sullivan said in an interview with the newspaper the two issues were part of an “integrated vision” for peace in the Middle East and could not be disentangled. He said that President Joe Biden will publicly outline a path to a more secure Israel and a more peaceful region in the months ahead, the FT said.
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U.N. rights boss seeks freedom for Saudi women activists
U.N. human rights chief Michelle Bachelet called on Saudi Arabia on Wednesday to release women activists allegedly tortured in detention after authorities accused them of harming the country's interests. Activists have named 10 Saudi women held for their campaigning, voicing fears that they could face harsh sentences. Saudi Arabia's public prosecutor is preparing the trials of detainees, identified by watchdog groups as women's rights activists, after completing its investigations, state news agency SPA said last Friday.
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Saudi Fintech Firm Rasan Plans to Sell 30% Stake in Riyadh IPO
Saudi Arabian fintech firm Rasan intends to sell a 30% stake in its Riyadh initial public offering, making it one of the first companies from the sector to go public in the kingdom. Rasan and its investors will offer 22.7 million shares in the IPO, including 5.3 million new shares, according to a statement on Sunday. Bookbuilding for institutional investors will run from May 12 through May 16, while retail investors will be able to bid from May 29 to May 30.
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