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Saudi Arabia’s Red Sea Global Weighs Public Offering as Soon as 2026 – Report
- May 8,2023
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- SUSTG Team
Red Sea Global, the company behind a major tourism destination on Saudi Arabia’s Red Sea coast is considering a possible public market offering as soon as 2026, the CEO said in comments reported by Bloomberg.
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Captagon in the Middle East, Messi’s history with Saudi Arabia, and a conversation with Norah Ortiz, owner of Riyadh’s first authentic Mexican restaurant
- May 5,2023
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- SUSTG Team
The 966 Episode 85! The 966 hosts speak with Norah Ortiz, founder of the first authentic Mexican restaurant in Riyadh, Don Reuben’s, which is located in the Diplomatic Quarter. Ortiz tells us her story as an American born in San Diego to Mexican parents and her journey to owning and operating the first authentic Mexican […]
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MENA startups Raised $7 Million in April 2023, a 93 Percent Decline Year-on-Year – WAMDA Report
- May 4,2023
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- SUSTG Team
In April 2023, startups based in the Middle East and North Africa raised roughly $7 million, a drop of 97 per cent compared to March 2023 and a 99 per cent drop compared to April 2022, according to a report in Wamda.
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Asset Management Firm Tiger Global, Visa Invest in UAE Fintech Company Tarabut Gateway for Saudi Expansion – Report
- May 3,2023
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- SUSTG Team
Payments giant Visa Inc. has made its first open banking investment in the Middle East, joining Tiger Global Management in backing UAE-based fintech firm Tarabut Gateway’s latest fundraising which outlines an expansion to Saudi Arabia, according to Bloomberg.
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Saudi Rescue Role in Sudan Continues to Draw US Praise as CENTCOM Commander Thanks Saudi Chief of Defense for Supporting the Evacuation of American Citizens
- May 2,2023
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- SUSTG Team
The commander of U.S. Central Command, Gen. Michael “Erik” Kurilla, called the Royal Saudi Chief of General Staff Gen. Fayyadh Al Ruwaili to thank him and the Kingdom of Saudi Arabia for its support in evacuating American citizens from Sudan amidst the conflict there, as Saudi Arabia continues to aid foreign nations in evacuating civilians […]
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Iran and Saudi Arabia Only Days Away from Re-Opening Embassies – Report
- May 1,2023
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- SUSTG Team
Saudi Arabia and Iran will reopen embassies in each other’s capitals “within days,” Reuters reports, citing Iranian Foreign Minister Hossein Amirabdollahian, though he did not give specific dates for each to re-open.
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Knight Frank’s Faisal Durrani joins The 966 to talk Saudi real estate, giga-projects and much more
- April 28,2023
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- SUSTG Team
In Episode 84, The 966 speaks with Faisal Durrani, partner and head of Middle East research for the global real estate company Knight Frank. Mr. Durrani shares some of the highlights and key information from Knight Frank’s recently-released 2023 report on real estate in Saudi Arabia, The Saudi Report 2023, a publication which touches on many […]
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Saudi tops S&P Global Survey of Middle East and Africa’s 30 largest banks
- April 27,2023
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- SUSTG Team
S&P Global’s latest ranking of the top 30 Middle Eastern and African banks by total assets finds Saudi institutions leading in both total numbers and total assets.
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Growing SRMG Media Group Launches LIST, a New Saudi Travel Magazine
- April 26,2023
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- SUSTG Team
SRMG, the largest integrated media group in the MENA region which includes widely-read publications like Arab News, Asharq Alawsat and others, has added a travel magazine to its portfolio: LIST Magazine will focus on the travel and tourism offerings from Saudi Arabia, the region and the world, according to reports.
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U.S. State of Arizona Blocks Saudi Company Fondomonte from Drilling 2 More Wells on State Land
- April 25,2023
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- SUSTG Team
A Saudi-owned company that farms alfalfa in the U.S. State of Arizona has been blocked from drilling two new wells in the drought-stricken state, according to local reports.
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MUST-READS
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Taliban ‘Hopeful’ US-Brokered Afghan Talks Settle Conflict
The Taliban reaffirmed Tuesday its commitment to ending violence in Afghanistan, while emphasizing that a comprehensive cease-fire has to be discussed during intra-Afghan peace negotiations due to begin later this month. The proposed talks are an outcome of the agreement the United States sealed with the Taliban in February to end the nearly 19-year-old Afghan war, America’s longest.
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Saudi Customs eases restrictions for trucks from GCC states
All the trucks carrying goods destined for Saudi Arabia will be allowed to enter through its land ports, according to a circular issued by Saudi Customs to officials of all entry points, the Saudi Press Agency reported.
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Iran-Syria air defense pact could cause Russian-Iranian friction
Syrian efforts to intercept Israeli missiles or attack Israeli jet fighters in Syrian airspace, though, have largely failed, since the air defense weaponry Moscow has provided to Damascus is largely old and no match for more advanced Israeli weaponry.
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Trump Eases Restrictions On Armed Drone Sales Abroad
“the speed test could make the export of current U.S. uninhabited aircraft easier, most prominently the MQ-9 Reaper. China is already exporting uninhabited aircraft throughout the world, including to US allies and partners. It will be interesting to see how the new policy is implemented, and whether it will decrease China’s export edge.”
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‘Najd’ premieres in Riyadh as Saudi Arabia eases cinema restrictions
Written and produced by Khaled Al-Rajeh, ‘Najd’ is one of the first homegrown films to be screened in the Kingdom. Saudi Arabia has started easing Covid-19 restrictions for cinemas with the premiere of Saudi film Najd in Riyadh.
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Saudi Arabia supports UN to find Libya conflict solution
This came in the speech delivered by the acting permanent delegate to the United Nations, Dr. Khaled bin Mohammed Manzlawi during the UN Security Council’s virtual meeting today.
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Escalation of Low-Intensity Conflict With Iran Raises Stakes for Gulf States
The Natanz explosion and fire appears to have been a major blow to Iran’s potential to quickly produce a nuclear weapon if it ever decided to try to do so, possibly adding up to two years to such a timeline.
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Turkish verdict paving way for Hagia Sophia mosque expected Friday: officials
President Tayyip Erdogan has proposed restoring the mosque status of the sixth-century UNESCO World Heritage Site, which was central to both the Christian Byzantine and Muslim Ottoman empires and is now one of the most visited monuments in Turkey.
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UN chief warns foreign interference in Libya conflict at ‘unprecedented levels’
“We are very concerned about the alarming military build-up around the city, and the high-level of direct foreign interference in the conflict in violation of the UN arms embargo, UN Security Council resolutions, and commitments made by Member States in Berlin,” Guterres said.
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Analysis: Saudi Arabia’s restricted pilgrimage season in 2020 may hit jet fuel demand
"Jet fuel consumption typically increases by at least 30% month on month during the Hajj month in the past five years, but will unlikely occur in July this year due to the restricted Hajj measures," said Zhuwei Wang, an analyst at S&P Global Platts Analytics.
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