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Monsha’at Report — Number of SMEs in Saudi Arabia Grows 25.6% in 1H 2022
- August 29,2022
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- SUSTG Team
Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha’at) said the number of registered SMEs in Saudi Arabia hit 892,063 in the first half of this year, registering a 25.6 percent increase from the fourth quarter of 2021.
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Global migration trends, big cat conservation in Saudi Arabia, the new Saudi companies law and more!
- August 26,2022
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- SUSTG Team
Episode 59! The hosts talk about a newly-released and interesting UN report on global migration trends, big cat and other endangered species conservation in Saudi Arabia, and much more in the program’s finishing Yallah! segment. Programming note: The 966 will return next week with a featured interview, then be back in full swing as September […]
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Saudi Arabia’s Non-Oil Exports Surge by 31% in Q2 to $23 Billion
- August 25,2022
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- SUSTG Team
Saudi Arabia’s non-oil exports surged by 31 percent in the second quarter to SR86.2 billion ($22.9 billion) from SR65.8 billion in the same period last year, the General Authority for Statistics, also known as GASTAT, said in a report.
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SAMA Licenses Two More Fintech Companies, Bringing Total to 38
- August 24,2022
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- SUSTG Team
The Saudi Central Bank, also known as the Saudi Arabian Monetary Agency (SAMA), announced on its website that it has granted permits to two companies to provide open banking solutions, bringing the total number of permitted Fintech companies operating under its Regulatory Sandbox to 38.
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C3 US-Arab Healthcare and Business Summit Set for September 19th, 2022 at Union League Club in New York City
- August 22,2022
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- SUSTG Team
The C3 US-Arab Healthcare and Business Summit, a leading conference in the sector now in its 11th Annual edition, is set to take place September 19th, 2022 at the Union League Club in New York City.
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Saudi Arabia Eyes Hosting Olympics as ‘Ultimate Goal’ of Growing Sports Portfolio
- August 22,2022
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- SUSTG Team
Fresh off of hosting the boxing heavyweight title fight in Jeddah this weekend, Sports Minister Prince Abdulaziz bin Turki Al-Faisal stated that Saudi Arabia has the “ultimate goal” of hosting the Olympics while it continues to develop a local sports industry and attract international events, according to an interview with the AFP and reported in Al […]
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Deputy Minister of Investment for Saudi Arabia Dr. Saad Alshahrani joins The 966, The IMF’s report on Saudi’s economy, and much more
- August 19,2022
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- SUSTG Team
Episode 58! Dr. Saad Alshahrani, Deputy Minister for economic affairs and investment studies at Saudi Arabia’s Ministry of Investment joins The 966 to talk about the Saudi economy, investment opportunities, and reforms in the Kingdom. Dr. Saad also shares his story of studying in the U.S. and journey to becoming a deputy minister. Before the […]
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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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IMF: Saudi Economy Likely to be One of the Fastest Growing in the World in 2022
- August 17,2022
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- SUSTG Team
The International Monetary Fund (IMF) on Wednesday maintained its economic growth forecast for Saudi Arabia at 7.6% this year, bucking the global trend toward recession and likely placing it among the top growing economies in the world in 2022.
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Report: Israeli Energy Companies Create JV for Saudi, Gulf Push
- August 16,2022
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- SUSTG Team
Israeli companies Enlight Renewable Energy Ltd. and natural gas producer NewMed Energy LP plan to jointly develop renewable energy projects in North Africa and the Middle East, including in Saudi Arabia and Oman, Bloomberg reports.
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MUST-READS
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Saudi Pro League COO says everyone needs to get comfortable with the new football arrangement in Saudi Arabia: Video
On the heels of Neymar Jr. completing his transfer to Saudi Arabia, Pro League COO Carlo Nohra says the Kingdom has opened a new channel for players
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As Neymar Heads for Saudi Arabia, Paris Saint-Germain’s Superteam Project Collapses
The Paris Saint-Germain experiment of recent seasons was supposed to be a plan so lavish and so ambitious that it would bend all of European soccer to PSG’s will. By the summer of 2021, the club had acquired the most expensive player in the world, the brightest young talent in the world and one of the greatest players of all time. That trio of Neymar, Kylian Mbappé, and Lionel Messi had cost more than half a billion dollars to assemble. But PSG’s owner, an arm of the sovereign-wealth fund of Qatar, calculated that it would all be worth it once the team started winning Champions League titles and breaking records.
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Saudi Arabia sends message of moderation at Makkah conference
The international conference, “Communication with the Departments of Religious Affairs, Ifta and Sheikhdoms in the World,” concluded in the holy city on Monday. Held under the theme “communication and integration,” the two-day conference was attended by about 150 leading Islamic scholars, muftis, religious leaders and thinkers from 85 countries.
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Saudi Arabia set to announce major change in labour law: Report
Among the infringements, employers could be fined for employing foreign workers without a permit, on-site accidents, hiring minors, insufficient childcare support, withholding passports and failure to pay wages.
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‘Barbie’ Debuts in Saudi Arabia, Sparking Delight, and Anger
Similar scenes played out across the conservative Islamic kingdom last weekend, as women painted their nails pink, tied pink bows in their hair and draped pink floor-length abayas over their shoulders for the regional debut of the movie, “Barbie.” While critics across the Middle East have called for the film to be banned for undermining traditional gender norms, many Saudis ignored them.
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‘Barbie’ Debuts in Saudi Arabia, Sparking Delight, and Anger
Similar scenes played out across the conservative Islamic kingdom last weekend, as women painted their nails pink, tied pink bows in their hair and draped pink floor-length abayas over their shoulders for the regional debut of the movie, “Barbie.” While critics across the Middle East have called for the film to be banned for undermining traditional gender norms, many Saudis ignored them.
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Saudi Arabia to power green hydrogen project with 2.2 GW of solar
Sungrow has agreed to supply inverter technology for a 2.2 GW solar plant under development in Oxagon, Saudi Arabia. The PV installation, which will be the largest in the Middle East upon completion, will provide power for Neom Green Hydrogen Co.’s (NGHC) $8.7 billion green hydrogen project.
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Saudi Arabia’s PIF announces new facilities management company FMTECH
The primary objective of FMTECH is to spearhead sustainable growth within the local facilities management sector. By streamlining processes, the company seeks to bolster operational efficiency while simultaneously emphasising cost-effective solutions.
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How the Saudi Arabian takeover changed Newcastle United
PIF’s speciality is global investment and two of its senior executives, Abdulmajeed Alhagbani and Asmaa Rezeeq, who are low-profile Newcastle directors, are regarded as stars in the world of high-stakes financial speculation.
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How the Saudi Arabian takeover changed Newcastle United
She remains adamant the takeover was about investment rather than sportswashing. “PIF wanted something very sustainable, something we can build,” she has said.
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