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Foreign Direct Investment into Saudi Arabia Jumps 9.5%, Saudi Arabia’s Ministry of Investment Says
- June 29,2022
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- SUSTG Team
Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, Saudi Arabia’s Ministry of Investment (MISA) said on Twitter on Tuesday.
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United Nations Recognizes Saudi Arabia’s Tawakkalna App with Public Service Award for 2022
- June 28,2022
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- SUSTG Team
Saudi Arabia’s game-changing Tawakkalna app has been awarded the United Nations Public Service Award 2022 for institutional resilience and innovative responses to the COVID-19 pandemic, Arab News and the Saudi Press Agency reported. The award was given to Dr. Abdullah bin Sharaf Alghamdi, President of the Saudi Data and AI Authority (SDAIA), at an annual forum that recognizes distinguished […]
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Saudi Stock Exchange Tadawul Plans to Launch Single Stock Futures on July 4
- June 27,2022
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, said it plans to launch single stock futures on July 4, “which will enable local and international investors to hedge and manage portfolio risks more effectively,” Reuters reports.
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Leading Saudi architect and urban designer Dhay Aldhawyan joins The 966, MBS visits regional powers, and much more…
- June 24,2022
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- SUSTG Team
In episode 49, The 966 welcomes Dhay Aldhawyan, a leading architect and urban planner based in Riyadh who is Head of the Center for Development of Urban Design and Planning of Saudi cities, to discuss her journey and some of the big projects and developments happening now across Saudi Arabia. The 966 hosts also discuss […]
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IMF Sees 7.6% GDP Growth for Saudi Arabia in 2022; Highlights Solid Indicators
- June 23,2022
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- SUSTG Team
The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022, according to a report. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus increasing to 17.4 percent of GDP in 2022.
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Saudi Crown Prince Mohammed bin Salman Heads to Turkey after Visiting Jordan, Egypt
- June 22,2022
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman landed in Turkey for the first time in several years on Wednesday for talks with President Erdogan, after visiting neighboring Egypt and Jordan as part of a regional tour, Reuters reports.
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Saudi Crown Prince Lands in Egypt on Start of Regional Tour
- June 21,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Cairo, Egypt on Monday, kicking off his first tour outside the Gulf region in over three years, according to reports.
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Saudi Arabia Invites Proposals for Rabigh 4 Independent Water Project; 8 Pre-Qualified to Bid
- June 20,2022
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- SUSTG Team
Saudi Water Partnership Company (SWPC), the principal off-taker for water and wastewater projects in Saudi Arabia, tendered Request for Proposal (RFP) for its Rabigh 4 Independent Water Plant (IWP) project, according to a report in Zawya. The 600,000 cubic meters per day desalination project is located in Rabigh, 110 miles northwest of Makkah, on the Red Sea […]
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The criticism, drama, and opportunities surrounding President Biden’s confirmed visit to Saudi Arabia, an economic victory lap, and more…
- June 17,2022
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- SUSTG Team
Episode 48 🚀 The 966 hosts talk about a new report from Saudi Arabia’s Investment Ministry that highlights all the gains in the Saudi economy recently, including an impressive start to 2022 GDP with 9.9% growth in Q1. Then the hosts discuss President Biden’s now confirmed visit, and all of the drama surrounding it…then the […]
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U.S. Department of Commerce and Saudi Ministry of Commerce Announce Plan to Deepen Commercial Cooperation
- June 16,2022
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- SUSTG Team
The U.S. and Saudi Arabia announced a new plan for cooperation between the two nations aimed at deepening the bilateral commercial relationship, per a press release.
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MUST-READS
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Dar Al ArkanSaudi Dar Al Arkan starts marketing $300-$400 mln 7-year sukuk – document
Saudi Arabia’s Dar Al Arkan Real Estate Development Co has begun marketing $300-$400 million in seven-year sukuk at 7.375-7.5%, a document from one of the banks leading the deal showed on Wednesday.
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UN: Warring parties in Yemen agree on major prisoner trade
Abdul-Qader al-Murtaza, a rebel official in charge of prisoners’ affairs, said in a tweet that the first phase of the deal includes the release of more than 1400 prisoners from the two sides. He said talks would continue for another two days to “prepare and revise the final lists.”
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Court Martial ProceedingsSaudi-led coalition starts courts martial against Yemen strikes air crews
The Saudi-led coalition fighting Houthi rebels in Yemen has commenced court martial proceedings against air crew in relation to breaches of international humanitarian law, in the first such case of its kind.
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SyriaSyrian Government troops seize part of key Idlib town Saraqeb
Syrian government troops have retaken parts of the strategic town of Saraqeb in the last rebel-held province, Idlib. Syrian army units besieged the town for two days, exchanging artillery fire with Turkish forces who were supporting Syrian rebels.
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Neutral ZoneKuwait and Saudi Arabia start work to resume oil output from Khafji: sources
Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with initial output expected around the end of February, two industry sources said.
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U.S.-IraqTrump meets Iraqi counterpart, first since Soleimani strike
U.S. President Donald Trump hinted that sanctions on Iraq were still a possibility in a bilateral meeting with Iraq’s president Wednesday, the first since a U.S. drone strike on Iraqi soil killed a top Iranian general, straining Washington-Baghdad ties.
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PowerSEC to roll out smart meters in Saudi Arabia next month
Saudi Electricity Company (SEC) has revealed that it will soon launch the first phase of the smart metering project. Old smart meters will be replaced with new smart meters starting February. In the second phase, meters will be linked to telecom systems, presumably to users’ smartphones, before being linked to the billing systems in the third and final stage.
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U.S.-IraqState Department urges U.S. citizens to leave Iraq immediately
The warning comes hours after Iran promised “harsh retaliation” against the United States for an airstrike that killed top Iranian Gen. Qassem Soleimani at the Baghdad International Airport.
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Forward KSASaudi-founded startups graduate from accelerator programme
AstroLabs Riyadh was inaugurated in December 2018 after AstroLabs was granted the first-ever international incubator licence by the Saudi Arabian General Investment Authority.
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PowerChinese state grid company signs US$1.1bn smart meter contract with Saudi Arabia
State Grid Corporation of China (SGCC) has won a US$1.1 billion contract to install smart meters in Saudi Arabia. China Electric Power Equipment and Technology Company, a wholly owned subsidiary of the state-owned enterprise, officially signed the contract with Saudi Electricity Company on Thursday in Riyadh, SGCC said.
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