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Saudi Arabia Evaluating Financing Options for NEOM, Hires New York-Based Lazard Ltd.
- November 9,2022
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- SUSTG Team
Saudi Arabia is evaluating financing options to develop NEOM, working with New York-based Lazard Ltd. to develop plans to potentially include debt sales and an initial public offering on the Saudi stock exchange for the high-tech city, people familiar with the matter told Bloomberg.
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Saudi Arabia Announces 66 New Initiatives as Part of Environmental Action Plan at COP 27
- November 8,2022
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- SUSTG Team
Saudi Arabia has announced 66 new initiatives as part of its environmental plan at the UN global climate change summit taking place in the Egyptian resort town of Sharm El-Sheikh, according to reports.
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Saudi Arabia Commits 2.5 Billion to Middle East Green Initiative, Agrees to Host HQ in Riyadh – Report
- November 7,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman said on Monday that Saudi Arabia would contribute $2.5 billion to the Middle East Green Initiative over the next 10 years, and host its headquarters in the Kingdom, according to a report from Reuters.
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Reem Philby and Alan Morrissey Set to Embark on ‘Heart of Arabia’ expedition, a 1,300km journey across Saudi Arabia
- November 4,2022
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- SUSTG Team
In Episode 64, The 966 interviews Reem Philby and Alan Morrissey, two of the four team members set to embark on the ‘Heart of Arabia’ expedition, a 1,300km journey across Saudi Arabia following the route of Harry St John (Abdullah) Philby that took place 105 years ago. Philby and Morrissey join The 966 to discuss […]
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Middle East’s Largest Broadcaster, MBC Group, Taps Banks for IPO — Report
- November 3,2022
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- SUSTG Team
The Middle East’s biggest broadcaster, MBC Group, has tapped two top banks to work on its initial public offering in Riyadh, people familiar with the matter told Bloomberg.
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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 Economy Continues Growth Streak as Non-Oil PMI Continued in Expansion Mode in September – Jadwa Chartbook
- November 1,2022
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- SUSTG Team
Saudi Arabia’s non-oil economy continued to grow in September as data continues to point to 2022 being a year in which the Kingdom outperforms economies around the world in growth, according to the latest Jadwa Investment Chartbook for the month of September 2022.
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2022 Global Cities Report finds huge leap in Riyadh’s Cultural Experience
- October 31,2022
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- SUSTG Team
Leading management consulting firm Kearney released its 2022 Global Cities Report assessing 156 cities around the world around the world across five dimensions: business activity, human capital, information exchange, cultural experience, and political engagement.
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Saudi Aramco Launches Sustainability Fund with $1.5b in Capital
- October 28,2022
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- SUSTG Team
Saudi’s state-owned oil company Aramco announced yesterday the launch of a venture capital fund that will focus on sustainability-related projects, according a press release from the company and reports.
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In announcement, PIF to launch 5 regional investment firms to draw $24 billion
- October 27,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman announced Wednesday that the kingdom’s Public Investment Fund (PIF) would launch five new investment firms in countries around the Middle East, targeting regional growth for the fund, according to reports and a release from the PIF.
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SecuritySaudi Arabia Executes 37 Convicted of Terrorism
Saudi Arabia executed 37 citizens found guilty of various terrorism-related charges, the Interior Ministry said on Tuesday. The executed were accused of adopting extremist ideology, forming terrorist cells, provoking sectarian strife and as well as attacking security targets, according to state-run Saudi Press Agency. They were also accused of cooperating with “hostile parties” against the interests of the country.
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Iran FloodsUAE, Saudi Arabia relief agencies announce joint initiative to help flood victims in Iran
The Emirates Red Crescent, ERC, will coordinate with its Saudi counterpart on the best ways of implementing the initiative.
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IsraelNetanyahu appears on track for victory despite tied result
With 97% of votes counted, both Likud and the Blue and White party, led by former army general Benny Gantz, had won 35 seats in the 120-seat parliament, the Knesset.
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Anti-ISIS CampaignUS-backed Kurdish fighters clash with ISIS days after declaring victory
Mustafa Bali, a spokesman for the Syrian Democratic Forces, said they are rooting out groups of militants who were hiding in caves in and near the village of Baghouz. He added that SDF experts are still removing mines and booby-traps in areas liberated in recent weeks.
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EgyptAttack Victim Presses U.S. To Suspend Military Sales To Egypt
More than three years ago, the Egyptian military, using U.S.-made helicopters, mistakenly attacked a group of tourists — killing 12 people and wounding an American woman.
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Christchurch Shootings:Al-Jubeir attends Christchurch memorial to honor victims of mosque attack
Saudi Minister of State for Foreign Affairs Adel Al-Jubeir attended a national memorial service in Christchurch to honor the 50 victims of the March 15 mosque terrorist attack.
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Christchurch Shootings:New Zealand hosts memorial service for victims
Prime Minister Scott Morrison and Opposition Leader Bill Shorten were among the thousands who are attending the ‘We Are One’ memorial service this morning in memory of those killed in the terror attacks at the Al Noor Mosque and Linwood Islamic Centre on March 15.
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E.U. Defense ExportsUnpredictable German export policies threaten arms projects with France: French envoy
Anne-Marie Descotes said growing numbers of companies were developing “German-free” weapons with no German content to smooth the export process, a dangerous omen for Franco-German projects valued in the billions of euros.
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Christchurch Shootings:New Zealand falls silent for mosque victims
Many mosques across the country are opening their doors to visitors, and human chains will be formed outside some in symbolic acts of protection and support.
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EgyptAnalysis: Despite friction, Egypt retains economic ties with Turkey, Qatar
Egypt has so far managed to keep its economic interests away from its foreign political disputes. Mostly.
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