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Recent stories from sustg
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Saudi Stock Market Lists 400th Security
Formally established in 2007 after the devastating market crash of 2006 and incorporated as a holding company in 2021, the Saudi stock market (Tadawul) recently hit a milestone of 400 listed securities.
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Saudi Arabia’s non-oil business activity grows robustly in March, PMI shows
Strong demand helped drive non-oil business activity in Saudi Arabia in March, Reuters reports, with output accelerating to a six-month high.
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Saudi Aramco to Expand Huge Gas Plant as Global Demand Surges and Market Dynamics Shift
Saudi Aramco is moving ahead with plans to expand the Fadhili gas processing facility in the kingdom’s Eastern Province as part of its strategy to tap vast and under-developed gas resources within Saudi Arabia, according to a report in Bloomberg.
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Dolce & Gabbana Launches Flagship Saudi Store at Via Riyadh after Approaching KSA Market with ‘Caution and Respect’
Fashion icon Dolce & Gabbana unveiled a unique strategy for Saudi Arabia, opening up a flagship new store in Via Riyadh after approaching the market with “caution and respect,” Vogue Middle East reported.
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KSRelief Spearheads Saudi aid to Gaza and the Globe
King Salman Humanitarian Aid and Relief Centre (KSRelief) provides humanitarian aid and relief to people outside of Saudi Arabia’s borders. KSRelief was established by King Salman bin Abdulaziz in 2015 and works in 46 countries, with a focus on the Middle East and North Africa region.
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Biden’s Oil Boom
Reuters reports that during the Biden administration not only has oil production hit record highs but energy company profits, dividends, drilling permits, jobs and energy exports are all up.
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PIF Increases Investment in Lucid
Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator.
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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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MUST-READS
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Saudi Arabia Opens Its Doors To Tourists—Starting With A Huge Giga Project Around A UNESCO World Heritage Site At Diriyah
What is noticeable about Saudi Arabia’s ambitions versus other rapid development in GCC nations is that there is a very strong desire to keep cultural heritage at the heart of their growth.
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Saudi Arabia elected to UNESCO executive board
Prince Badr said that the Kingdom will focus on culture, arts, technology, education and youth empowerment, based on its history of supporting and contributing to UNESCO since 1946, and as the only Arab country in the Group of 20.
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Italian tenor Bocelli joins Saudis and UNESCO to help children affected by war
Italian opera singer Andrea Bocelli launched his “Voices of the World” musical education program at UNESCO’s headquarters in Paris on Wednesday to help children affected by armed conflicts. The multi-year program will expand on the renowned blind tenor’s 2016 “Voices of Haiti” project that provided musical therapy and training, lessons, rehearsals, play time and meals to 12,000 children in one of the world’s poorest countries.
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Saudi Arabia to Inaugurate Diriyah Gate, a New Cultural and Lifestyle Tourism Destination With a UNESCO World Heritage Site at Its Heart
The restoration and reimagining of Diriyah, a sweeping 18th century adobe city that once served as the capital and stronghold of the first Saudi State, will be officially inaugurated at a special November 19th gathering. This cornerstone-laying event comes as the country continues its pioneering plans to welcome visitors from near and far, and underlines Saudi Arabia's mission to showcase the cultural icon to the world as one of its great gathering places.
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Trio of eco-hotels to open at Saudi Arabian UNESCO heritage site
Luxury hotel group Aman is set to open a trio of eco-conscious hotels in Saudi Arabia – making the chain's debut in the Middle East. Each of the three will be located in the Al-‘Ula region, which is home to cultural heritage sites dating back thousands of years, including Saudi Arabia’s first UNESCO World Heritage Site, Hegra.
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Saudi Arabia commits $25mn to UNESCO for preserving heritage
Saudi Minister of Culture Prince Badr Bin Abdullah Bin Farhan Al-Saud and Director General of UNESCO, Audrey Azoulay, have signed a letter of intent formalizing the Kingdom’s commitment to contribute $25 million to UNESCO strategy and actions for the preservation of heritage. “In support of the Kingdom’s partnership with UNESCO and its efforts to preserve world heritage, I’ve signed a letter of intent with Audrey Azoulay to support the organization's strategic conservation programs,” Prince Badr said in a tweet on Tuesday.
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UNESCO adds Bahrain burial mounds to World Heritage List
The UNESCO World Heritage Committee voted Saturday to add Bahrain's Dilmun Burial Mounds to its World Heritage List, praising the tombs for their “globally unique characteristics”.
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Saudi Arabia, UNESCO Agree on Enhancing Cultural Cooperation
The Saudi Ministry of Culture and the United Nations Educational, Scientific and Cultural Organization signed in Paris on Thursday a memorandum of understanding to enhance cultural cooperation and the preservation of heritage.
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World class musicians drawn to festivals at Saudi’s UNESCO site
Al-Ula, the archeological jewel of Saudi Arabia, has announced plans to play host to a special season of events and festivities this winter.
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This Saudi Arabian Stone Village Has Its Sights Set on the UNESCO Heritage List
Located in the heart of Asir region in the south of Saudi Arabia is Rijal Alma. This stunning village, which sits at the foot of Assouda Mountain on what has been reported to be an ancient trade route connecting Yemen and Saudi Arabia, is known for its houses and structures made of stone. In 2007, the “stone village” won the Prince Sultan bin Salman Award for Urban Heritage, in 2017 it won first place in the Arab Cities “Mudon” Award, and this year it has set its sights on another prestigious goal: to become a UNESCO World Heritage Site.
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