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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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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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Saudi Arabia’s Energy Minister Says Paper and Physical Oil Markets ‘Have Become Increasingly More Disconnected’
- August 23,2022
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- SUSTG Team
Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals, and as a result, OPEC+ may be forced to cut production to balance the market, Bloomberg reports.
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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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Women DriversIn pictures: Driving lessons for Saudi women – BBC News
Reuters photographer Ahmed Jadallah and reporter Rania El Gamal joined some of the 200 women employees being taught at Saudi Aramco Driving Center in Dhahran.
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Eid Al-FitrPICTURES: Saudi Crown Prince receives defense officials on occasion of Eid
Saudi Crown Prince Mohammed bin Salman met with several Ministry of Defense officials in Jeddah on Saturday.
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KurdsIraqi Kurds protest Iran’s decision of restricting water flow into northern Iraq
Iran’s decision to cut the flow of water from Lower Zab River into northern Iraq has exacerbated water crisis in the Kurdistan region.
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LebanonDoes Hezbollah’s electoral victory spell the end to Lebanon’s US military aid?
U.S. assistance has been critical to expanding and rehabilitating LAF special forces units and intervention regiments.
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Global ConflictGlobal conflict continues to rise, index shows
The world has become less peaceful over the last 10 years, mostly due to conflicts in the Middle East and Africa. An international index paints a dark picture, although with some brighter spots.
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JASTALawyers for 9/11 victims square off with Saudi Arabia in court
Lawyers for relatives of 9/11 victims butted heads on Thursday with lawyers for Saudi Arabia over efforts by the families to seek documents from the Saudi equivalent of the CIA.
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Middle East Conflict12,000 people a day internally displaced by conflict across the middle east in 2017
Key findings from the Global Report on Internal Displacement (GRID 2018) show that the region accounted for 38 per cent of the global total of 11.8 million, with new displacements concentrated in Syria, 2.9 million; Iraq, 1.4 million and Yemen, 160,000. The figures for Yemen are not as high as expected for one of the world’s largest and most severe humanitarian crisis, but insufficient data means that the numbers do not paint a full picture.
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King Abdullah Financial DistrictSaudi state finalized ownership transfer of $10 billion financial district | Reuters
The project, owned by the kingdom’s Public Pension Agency, has been plagued by construction delays, cost overruns and uncertainty about the future of its ownership. Cranes at the site have been still for three years.
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JASTAIran ordered to pay billions to relatives of 9/11 victims
The lawsuit, which was first filed in 2004 and allowed to go forward in 2016 after Congress passed Justice Against Sponsors of Terrorism Act to open sovereign states accused of terrorism to liability, alleged Iran provided assistance, including training, to the 9/11 hijackers even though the 9/11 Commission found no direct evidence of Iranian support.
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IraqIraq’s Shiite militias try to convert military victory into political power
In a calmer Iraq, political players are pushing for national unity, and Shiite militias who were key to defeating ISIS are swapping their fatigues for suits. But can they have broad appeal if their main claim to fame is military?
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