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Recent stories from sustg
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Discussing Saudi Arabia’s sporting ambitions and investments with expert Simon Chadwick, a NEOM update, and much more
- June 30,2023
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- SUSTG Team
Episode 92! Saudi Arabia’s sporting ambitions and investments have been dominating global coverage of the Kingdom in recent months. The 966 speaks with Simon Chadwick, Professor of Sport and Geopolitical Economy, SKEMMA Business School, Paris, about all of the interest and investments by Saudi Arabia and Gulf nations into global sports. Professor Chadwick has consulted […]
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Saudi Arabia Allocates $7.8 Billion Worth of Investments for Expo 2030 – SPA
- June 21,2023
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- SUSTG Team
Saudi Arabia has allocated $7.8 billion worth of investments for Expo 2030, state news agency SPA reported early on Wednesday, as the Kingdom pitches for the opportunity to host the global event.
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The Saudi PIF Invests in Saudi football, Messi to Miami, and Saudi entrepreneurs Sara Bin Laden and Renad Aljefri join The 966
- June 9,2023
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- SUSTG Team
Saudi entrepreneurs Sara Bin Laden and Renad Aljefri, recent WIN fellows, join The 966 from Jeddah to discuss their experiences and journeys to-date. Renad and Sara recently took part in the second cohort of the Atlantic Council’s Women Innovators Fellowship, known as the WIN fellowship – a program launched by the empowerME initiative of the […]
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LIV Golf, PGA Tour to Merge in Surprise Development; Yasir Al-Rumayyan to Chair New Entity
- June 6,2023
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- SUSTG Team
In a surprise move, the PGA Tour and its well-funded rival, LIV Golf, have agreed to merge, ending a dispute between the two tours.
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Saudi Arabia In Talks to Join BRICs Bank – Report
- May 31,2023
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- SUSTG Team
Saudi Arabia is in talks to join the New Development Bank, the lender created by the BRICS group of nations, according to a report in Bloomberg, citing a report in the Financial Times.
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An update on the VC scene in Saudi Arabia with Eyad Albayouk, Saudis in space, Newcastle United rises and much more…
- May 26,2023
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- SUSTG Team
Episode 88! Venture capitalist Eyad Albayouk returns to The 966 to talk about the latest developments in the VC sector in Saudi Arabia as well as the closing of his new startup seed fund with Flat6Labs in Saudi Arabia. The hosts discuss with Eyad the rocky start for new funding rounds in the Kingdom after […]
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Saudi Arabia Introduces New Work Visa, Aimed at Making it Easier for Businesses to Bring in Foreign Workers Temporarily
- May 23,2023
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- SUSTG Team
Saudi Arabia recently introduced a new work visa, known as the “Temporary Work Visa” to replace the previous “Work Visit Visa” and is designed to make it easier for businesses to bring in foreign workers for short-term assignments and should enable employers to resource their commercial activities more readily, a report highlights.
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Saudi Arabia and Syria to Resume Diplomatic Missions After Decade-Long Freeze, Officials Confirm
- May 10,2023
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- SUSTG Team
Saudi Arabia is continuing apace with major shifts in its foreign policy, formally resuming diplomatic ties with Syria after a decade-long freeze, officials confirmed on Tuesday.
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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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Iran and Saudi open embassies as thaw continues, U.S.-Saudi diplomacy evolves, and much more
- April 14,2023
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- SUSTG Team
In Episode 82, the 966 hosts fly solo and discuss some of the top developments of late on Saudi Arabia – and there are a lot of them. First, the hosts discuss Richard’s One Big Thing, which is the readout of the recent call between the U.S. National Security Advisor, Jake Sullivan, and Saudi Arabia’s […]
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Malaysian court grants temporary freeze on $340 million 1MDB money in UK
A Malaysian court on Thursday granted an interim order to stop Saudi energy firm PetroSaudi International (PSI) from using more than $340 million in funds in Britain, which Malaysian prosecutors believe was siphoned from state fund 1MDB.
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UK to resume Saudi arms sales after humanitarian review
The UK is to resume arms sales to Saudi Arabia despite concerns they could be used against civilians in Yemen, in violation of international humanitarian law. Sales were suspended last year after a legal challenge by campaigners.
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Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai
Saudi Arabia’s Islamic Development Bank (IsDB) has listed a $1.5bn sukuk on Nasdaq Dubai and will use the capital raised to support Covid-19 relief initiatives including funding medical, social and business projects among the bank’s 57 member countries. The sukuk is the second to be issued under IsDB’s Sustainable Finance Framework, following its debut green sukuk last year, and the first ever AAA-rated sustainability sukuk in addition to being the first Covid-19 related sukuk in the global capital markets, Nasdaq Dubai said in a statement on its website.
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Iran Says It’s Ready to Work With Atomic Watchdog After UN Rebuke
“Iran is ready to continue to accept the IAEA’s legal inspections,” President Hassan Rouhani said Wednesday in a cabinet meeting broadcast on state TV. “Iran is ready to maintain close cooperation with the IAEA within legal frameworks.”
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UAE Emirate of Sharjah Hires Banks for $1 Billion Sukuk Sale
The tiny emirate of Sharjah hired banks to raise as much as $1 billion from international debt markets, joining wealthier Gulf states to shore up its finances against the fallout of the coronavirus pandemic. The third-biggest sheikhdom in the United Arab Emirates mandated HSBC Holdings Plc, Mashreqbank PSC, Sharjah Islamic Bank and Dubai Islamic Bank PJSC among others for the deal, people with knowledge of the matter said.
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Saudi Arabia raises $1.53 billion in local sukuk
Saudi Arabia has raised 5.755 billion riyals ($1.53 billion) in sukuk, or Islamic bonds, the Finance Ministry said on Thursday.
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US accuses Iran of defying UN resolution endorsing nuke deal
The United States accused Tehran on Wednesday of defying the U.N. resolution endorsing the 2015 Iran nuclear deal with a satellite launch last month and also argued it is continuing to violate a U.N. arms embargo. The U.S. Mission to the United Nations made the allegations at an informal meeting of experts from the Security Council committee that monitors implementation of the resolution.
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Saudi- Foreign Minister Receives Telephone Call from UK Ambassador
Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs, received a phone call today from the Ambassador of the United Kingdom to the Kingdom of Saudi Arabia, Neil Crompton.
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Saudi Arabia raises $1.48 bln in local sukuk
Saudi Arabia has raised 5.55 billion riyals in sukuk, or Islamic bonds, the Finance Ministry said in a statement on Thursday. The first tranche of the sukuk issue has a size of 1.3 billion riyals, and a total tranche size of 2.523 billion riyals, maturing in 2027, the ministry said.
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UK presses US to ease Iran sanctions to help fight coronavirus
The US insists it has offered to provide Iran with practical help through the World Health Organization, but the Iranians have rejected any help if it does not involve lifting US sanctions. A World Health Organization official said he believed the Iranian health ministry figures underestimated the true numbers by a fifth – which would mean more than 5,600 people have died.
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