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  • Saudi Arabia FDI inflows up 10.7% in third quarter 2022 -investment ministry

    Foreign direct investment (FDI) inflows into Saudi Arabia rose 10.7% in the third quarter of 2022 over the same period a year earlier, figures from the investment ministry showed. FDI inflows totalled 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, according to the investment ministry's latest monthly bulletin published on Monday, versus 6.5 billion riyals in the third quarter of 2021.

  • Saudi minister warns sanctions, underinvestment may cause energy shortages

    Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies. The European Union has imposed a series of sanctions against Russia, reducing Russian energy exports, and other Western powers have also imposed measures as they seek to further limit Moscow's ability to fund its war in Ukraine.

  • Several agreements to be signed at Saudi-Oman Investment Forum

    The volume of Omani non-oil exports to the Kingdom of Saudi Arabia until September 2022 was more than RO659 million, up 33.98% from 2021, due to strong relations. The volume of Saudi imports to the Sultanate of Oman increased to RO1,270 million during the same period in 2022, an increase of 219% from 2021.

  • 2022 MENA Venture Debt Investment Report

    In a look at the numbers, venture debt deals almost doubled between 2021 and 2022, despite 2022 falling $6M short of the total funding in 2021. Venture debt aggregated $260M across 18 deals in 2022, a year that saw the first MEGA deal for venture debt in the MENA region. The deal was closed by UAE-based FinTech startup tabby and contributed 39% to the total venture debt funding reported in 2022.

  • Ministry of Investment: Learn about the thirteen regions of Saudi Arabia

    The Kingdom of Saudi Arabia consists of thirteen regions, each of which contains broad areas and investment potential. Learn about the competitive advantages of each region and the promising opportunities it contains..

  • Middle East money forcing Liverpool, Man Utd to seek new investment – experts

    "The challenge for whoever purchases the team, if an individual or investment firm, is they will need to compete against 'state-owned' teams such as Manchester City, Paris St Germain and Newcastle United," Neirotti said. "They (current owners) need an infusion of cash in order to keep paying these transfer fees and the salaries. You don't make money running a sports team, you make it when you sell it.

  • Saudi Arabia to introduce new Zakat Collection Law and Comprehensive Investment Law

    The minister said that practices and legislation related to taxes and Zakat will be reviewed, as Saudi Arabia has competitive taxation values compared to other countries. He emphasized that the objectives of the law include the financial compensation, fees, taxes, and Zakat to be as clear and low as much as possible.

  • Saudi Arabia switches to overseas investment to boost influence

    Monica Malik, chief economist at Abu Dhabi Commercial Bank, says that this is in line with the government’s objective to play a more developmental role. “Saudi has been shifting its aid in the region to be more reforms-led. It’s no longer ‘no strings attached’; they need to see results,” she points out.

  • Saudi Arabia Ups Its Advanced Air Mobility Game With Terra Drone Investment

    Saudi Arabia is stepping up its bid for a stake in the advanced air mobility sector, with Wa’ed Ventures, the venture capital arm of oil and gas giant Aramco, this week investing $14 million in drone operations and uncrewed traffic management (UTM) group Terra Drone. The Japan-based company, which has previously raised $83 million, will now establish a subsidiary in Saudi Arabia to develop services such as drone surveys and develop infrastructure that could support eVTOL aircraft operations.

  • Middle East money forcing Liverpool, Man Utd to seek new investment – experts

    Middle Eastern investment in European clubs and the collapse of a planned Super League are the main driving factors behind two of England's most storied football teams, Liverpool and Manchester United, seeking new investors, industry experts have told Reuters. United's owners, the American Glazer family, began looking at new investment or a potential sale last year, with British billionaire Jim Ratcliffe's company INEOS entering the bidding process.