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Saudi Arabia’s PIF Commits Over $2 Billion to New Long-term Football Sponsorship Deals this Year – FT Report
- October 10,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund has committed more than $2 billion to new long-term football sponsorship deals this year, with much of that spent domestically in Saudi Arabia, the Financial Times reports, citing the PIF’s most recent financial statements.
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Dr. Abdulaziz Alanazi discusses his recent international water prize win, a changing Riyadh, and more — The 966 E. 61
- October 7,2022
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- SUSTG Team
Episode 61! The 966 welcomes Dr. Abdulaziz Alanazi, assistant professor at King Saud University in Riyadh, who discusses his work that recently won a very prestigious international water award. Before that, the hosts discuss governance in Saudi Arabia, a changing Riyadh, and an update on LIV golf’s recent moves with the MENA tour. The hosts […]
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Manhattan, Reimagined: Saudi Arabia Applies ‘The Line’ Concept to New York City
- October 6,2022
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- SUSTG Team
NEOM has released a video showing what New York City and the island of Manhattan might look like if it were to be designed in the same concept as The Line, the Kingdom’s planned ultra-futuristic new city.
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MENA Region is the Fastest Growing Adopter of Cryptocurrency — Study
- October 5,2022
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- SUSTG Team
The Middle East and North Africa (MENA) region are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to June, Reuters reports, citing blockchain researcher Chainalysis.
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Saudi Telecom Giant STC Plans $1 Billion in Investments to Transform Kingdom into Regional Data Hub – Report
- October 4,2022
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- SUSTG Team
Saudi Arabia’s Saudi Telecom Co. (STC), the Middle East’s most profitable mobile operator, “plans to spend about $1 billion to transform the kingdom into a regional data hub, and may sell a stake in its data hub, called Center3, business to finance the plans,” Bloomberg reports.
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Jadwa Investment October 2022 Chartbook: Non-Oil PMI Sees Significant Rise in August
- October 3,2022
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- SUSTG Team
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, business activity and new work, according to the latest monthly chartbook released by Jadwa Investment.
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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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Crown Prince Mohammed bin Salman Elevated to Prime Minister; New Education Minister Named in Cabinet Changes
- September 28,2022
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz named his son and heir Crown Prince Mohammed bin Salman as the kingdom’s prime minister and promoted his second son Prince Khalid as defense minister, according to a royal decree on Tuesday.
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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 Idol’ Talent Show to be Aired in December
- September 26,2022
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- SUSTG Team
The globally popular talent show Idol franchise is debuting in Saudi Arabia this December to showcase top amateur singers across the Kingdom. Saudi Idol joins hugely popular global versions like American Idol, Australian Idol and, Indian Idol.
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MUST-READS
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Saudi tech startup Foodics launches $100m fund for SMEs
“This fund is set to revolutionise SME lending, as it will enable faster and more flexible lending than most of the lending facilities in the region. Our application process is indeed straight forward, as all is completed online on our platform, with the initial approval to be granted within as little as 24 hours and final approval in seven days. Foodics Capital is able to extend loans from $5,000 (SAR18,750), up to $133,000 (SAR500,000) as and when needed by small businesses.”
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Pacing Growth: Mohammed Aldhalaan On The Lessons Learnt While Building His Saudi Arabia-Headquartered Edtech Platform Noon Academy
Aldhalaan admits that it took a lot of trial and error, over the past seven years, to create the right product that fit the target markets. Today, due to the effort of Aldhalaan and his co-founder Aziz AlSaeed, the edtech startup has expanded its operations from Saudi Arabia to India and Pakistan, while plans to start offering its online services to the London market later this year are also on the cards.
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Saudi Express Car Service Startup Garage Raises First Investment Ahead of Imminent Launch
Yet-to-be-launched, express car service startup, Garage, has announced its first investment, a first funding round of $260,000 from angel investors. The KSA startup will use the investment to complete its platform and kick-off its on-ground operations.
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Saudi investment minister stresses importance of public-private partnership for sustainable growth
Highlighting the importance of investor satisfaction, the minister said “transparency and clarity of regulations” give the business community a sense of security. He said Saudi Arabia is taking all measures to identify the challenges facing the business community, particularly during the ongoing pandemic.
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Why Saudi women will be at the heart of the post-coronavirus recovery
“As the G20 leaders begin to convene for the summit in November, the current economic crisis lies at the forefront of our minds,” added Thoraya Obaid, W20 chair. “It serves as a solemn reminder that the economic inclusion of women is now more important and urgent than ever,” she added.
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The Department of Energy and the Saudi Arabian Saline Water Conversion Corporation (SWCC) Sign a Memorandum of Understanding for Collaboration in the Field of Seawater Desalination
Today, Assistant Secretary for Energy Efficiency and Renewable Energy (EERE) Daniel R Simmons virtually joined His Excellency Eng. Abdullah Bin Ibrahim Al-Abdulkareem in signing a Memorandum of Understanding (MOU) with the Saline Water Conversion Corporation (SWCC), a Saudi Government Corporation, to promote cooperation between the United States and the Kingdom of Saudi Arabia across the field of seawater desalination.
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Transcript of October 2020 Middle East and Central Asia Department Press Briefing
For oil exporters in the Middle East, North Africa, Afghanistan, and Pakistan region, growth is now projected at minus 6.6 percent in 2020—reflecting the combined impact of the decline in oil prices and production cuts, and the lockdowns. Oil-importing countries that benefit from lower oil prices are being mostly offset by hampered trade, tourism, and remittance—with growth in 2020 projected at minus 1 percent.
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Move To Game celebrates a landmark of 10 billion steps generated by more than 150,000 participants across Saudi Arabia
Competing either as individuals or as part of grassroots Community Sports Groups (CSGs), participants have been able to select from an increasing number of challenges and progress through a series of levels, with weekly, daily, and monthly prizes on offer at each level. To date, collaborations for Move To Game have been undertaken by some of Saudi Arabia’s leading sports federations including the Saudi Arabian Basketball Federation, Saudi Climbing and Hiking Federation, Saudi Cycling Federation, and the Saudi Boxing Federation.
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Earth breaks September heat record, may reach warmest year
Earth sweltered to a record hot September last month, with U.S. climate officials saying there’s nearly a two-to-one chance that 2020 will end up as the globe’s hottest year on record.
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Yemen’s warring parties start swap of 1,000 prisoners
Planes carrying prisoners exchanged by the warring parties in Yemen took off from three airports on Thursday in an operation to return about 1,000 men home across the front lines, the International Committee of the Red Cross said.
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