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Recent stories from sustg
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Saudi Arabia Sees Traction with Green Initiatives as Kingdom Climbs Ranks of MIT’S Green Future Index
- November 2,2022
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- SUSTG Team
Saudi Arabia advanced 10 places in the second edition of the Green Future Index, issued by MIT Technology Review, evidence that the Kingdom is seeing progress in its goals outlined in the new Saudi Green Initiative announced by Crown Prince Mohammed bin Salman last year.
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Saudi Ambassador to United States Reema bint Bandar Al Saud Joins CNN for Extensive Interview
- October 26,2022
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- SUSTG Team
Princess Reema bint Bandar Al Saud, Saudi Ambassador to the United States, sat down with CNN’s Becky Anderson in her first televised interview with international media since becoming the ambassador in early 2019.
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Riyadh Season Prepares for Oct. 21 Launch with Slogan ‘Beyond Imagination’, Cirque du Soleil Show
- October 13,2022
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- SUSTG Team
The expanded third edition of Riyadh Season will kick off on October 21st 2022 under the slogan “Beyond Imagination” with an international show by Cirque du Soleil, the General Authority for Entertainment has announced.
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Is Saudi Arabia Just at the Beginning of its Heritage and Antiquities Discoveries?
- September 30,2022
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- SUSTG Team
Saudi authorities indicated that the Kingdom has only begun to discover important cultural and heritage sites and artifacts across Saudi Arabia, with Heritage Commission CEO Dr. Jasser Bin Suleiman Al-Harbash stating that archaeological sites, which have been discovered in the Kingdom, constitute only 15% of Saudi Arabia’s treasures.
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Report – Saudi NEOM’s Tech Unit Rebrands as Tonomous and Will Invest $1 billion in 2022
- September 27,2022
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- SUSTG Team
NEOM Tech & Digital, a subsidiary of the $500 billion signature NEOM project of the Saudi crown prince, has invested $1 billion in 2022 in AI, including a metaverse platform, its chief executive said on Tuesday, according to a Reuters report.
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Saudi Arabia’s PIF Eyes a Stake in Regional Starbucks Franchise — Report
- September 9,2022
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- admin
Saudi Arabia’s Public Investment Fund is leading a consortium of investors which has emerged as the frontrunner to buy a minority stake in Kuwaiti conglomerate Alshaya Group’s Starbucks Corp. franchise, people familiar with the matter told Bloomberg.
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Iraq’s Clashes Sends Oil Higher Before Retreat
- August 30,2022
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- SUSTG Team
Oil surged to the biggest gain in six weeks before paring some of those gains after Iraq’s state marketing company said exports haven’t been affected by violent clashes in Baghdad, according to Bloomberg.
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PIF Returns to Buy-Low Playbook with 2Q Stock Market Buying Spree
- August 18,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet, Zoom Video, and Microsoft this week as part of a wider pick of U.S. stocks, bringing the market value of the sovereign wealth fund’s investment portfolio to about $40.8 billion at the end of the second quarter, Reuters reports.
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Report: Saudi, UAE Save Remaining Spare Capacity for Potential Winter Supply Crisis
- August 4,2022
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- SUSTG Team
According to a report in Reuters, OPEC+ production leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output “should the world face a severe supply crisis this winter,” sources familiar with the thinking of the top Gulf exporters told Reuters in an exclusive report.
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OPEC, Allies Agree to Increase in Oil Production
- August 3,2022
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- SUSTG Team
Saudi Arabia and the OPEC+ group of oil-producing countries agreed to a small increase of 100,000 bpd in oil production on Wednesday after the U.S. and other consuming nations called for more crude in the market, according to reports.
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MUST-READS
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Infrastructure InvestmentLimited Benefits to U.S. Infrastructure in Saudi PIF Investment
What is new about the Blackstone plan is that the influx of capital into U.S. markets that is willing to invest in this sector is perhaps too much, too soon. The problem in U.S. infrastructure has not been lack of capital. The problem has been lack of projects.
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Public Investment FundSaudi to Make PIF World’s Biggest Fund
Bloomberg's Riad Hamade discusses the MISK Global Forum in Riyadh, Saudi Arabia's efforts to help with youth unemployment and the plan to make their sovereign wealth fund the biggest in the world.
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Public Investment Fund (PIF)Saudi sovereign fund PIF considers buying stake in power firm ACWA
Saudi Arabia's main sovereign wealth fund, Public Investment Fund (PIF), is considering buying a stake in Riyadh-based ACWA Power, which operates power and water plants around the world, sources familiar with the matter told Reuters.
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SAGO PrivatizationSaudi Arabia: SAGO and PIF Join in Review for Privatization
SAGO, Saudi Grains Organization, and the Public Investment Fund (P I F) are currently studying the timeline plan on sector privatization. Mechanisms on sector privatization by private sector companies in partnership with specialized food industry establishments are also being studied.
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