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The 966, Episode 10 – A World’s Fair in Riyadh, Excavating Al-Ula, and will Saudi Arabia Produce Cars Soon?
- November 5,2021
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- SUSTG Team
This week on The 966 Episode 10, the hosts discuss how Saudi Arabia is in talks with several carmakers about manufacturing in the Kingdom’s borders. Also, a team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of […]
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Second Aramco Saudi Ladies International Golf Tournament Begins at Royal Greens; Pederson Looks to Defend Title
- November 4,2021
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- SUSTG Team
The second Aramco Saudi Ladies International presented by the Public Investment Fund kicks off today at the Royal Greens club in King Abdullah Economic City, Saudi Arabia, with defending champion Emily Kristine Pedersen seeking to fend off a host of rivals on the Red Sea.
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PIF Eyes Deal to Merge Mobile Towers of Zain, STC to Form Telecom Giant – Report
- November 3,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is weighing a deal to combine the mobile phone infrastructure of Saudi Telecom Co. and Zain Saudi Arabia “in a merger that would form the kingdom’s largest cellular towers company,” people familiar with the plans told Bloomberg.
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Archaeologists in Saudi Arabia Excavate for Remnants of Ancient Kingdoms – Report
- November 2,2021
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- SUSTG Team
A team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of Dadan and Lihyan, according to a Reuters report.
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Saudi Arabia Seeks to Host World’s Fair in 2030
- November 1,2021
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- SUSTG Team
Saudi Arabia intends to submit a bid to host the Expo 2030 world fair, Saudi Crown Prince Mohammed bin Salman said on Friday, as the Kingdom continues to open itself up to the world and diversify its economy.
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Saudi Economy Surges as Non-Oil PMI Rises to Highest Since 2015 – Jadwa Investment
- November 1,2021
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- SUSTG Team
Saudi Arabia’s economy continued to gather significant momentum as nearly every recent measurement or data point available pointed to an expanding economy. In Jadwa Investment’s recent Chartbook for Saudi Arabia for the month of November, which uses data largely from September, non-oil PMI rebounded significantly rising to 58.6, the highest reading since 2015, supported by improving business […]
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The 966, Episode 9 – Net-Zero for Saudi Arabia, The FII in its 5th Year, and Tourism in the Kingdom
- October 29,2021
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- SUSTG Team
This week, The 966 hosts discuss a potential rival golf league to the PGA from Saudi Arabia, Boeing’s potential comeback, and Saudi Arabia has pledged to achieve net-zero emissions by 2060. The hosts also discuss the FII in its 5th year and the growing significance of the event, and whether tourism in Saudi Arabia can grow […]
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‘We are Ready to Roll’: Will Saudi Arabia’s Olayan Group Join the IPO Party?
- October 28,2021
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- SUSTG Team
Saudi Arabia’s Olayan family, which runs one of Saudi Arabia’s biggest conglomerates and is one of the richest in the Kingdom, may “revive plans to take some of its companies public,” according to a report today in Bloomberg.
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Future Investment Initiative (FII) Kicks Off 5th Annual Summit with Focus on Climate, Humanity, Energy
- October 26,2021
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- SUSTG Team
The first day of the Future Investment Initiative (FII) conference kicked off this morning in Riyadh with a focus on investing in humanity, sustainability, and impactful investing. The FII comes just a day after the Saudi Green Initiative and Middle East Green Initiative Launch Events that concluded yesterday in the Saudi capital.
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Saudi Arabia Joins Global Community with Pledge to Achieve Net Zero Emissions by 2060
- October 25,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Saturday at the Saudi Green Initiative (SGI) event that the world’s top oil exporter aims to reach “net zero” emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060, according to reports.
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MUST-READS
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Saudi Arabia approves policy on Artificial Intelligence, expects $133b windfall by 2030
It was in August last year that the Saudi Data and Artificial Intelligence Authority (SDAIA) was set up by a Royal Decree. The entity oversees the National Data Management Office, the National Information Center, and the National Center for Artificial Intelligence.
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Female participation in sports up 150% in Saudi Arabia
February saw the SFA launch the country's first-ever Women's Football League (WFL). SFA special projects manager Rawh Abdullah Alarfaj said that 'Having a women's football league is a huge boost for female football. We have been playing football, forming leagues and training since 2007, without any tangible support.'
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Barakah: UAE starts up Arab world’s first nuclear plant
"It will provide up to 25% of the UAE's electricity needs once fully operational and will help prevent the release of 21 million tons of carbon emissions, equivalent to removing 3.2 millions cars off the road annually."
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Saudi Arabia posts $29 billion deficit in second quarter as oil revenues slump
Second quarter oil revenues fell by 45% year-on-year to $25.5 billion. Total revenues dropped 49% to nearly $36 billion.
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Saudi Arabia’s Amlak International reports 21% jump in second-quarter net profit on higher revenue
Set up in 2007, Amlak International is a non-bank lender, mainly providing property loans. It is licensed by the Saudi Arabian Monetary Authority to provide Sharia-compliant lending to corporate, high net-worth and individual clients. Amlak started trading on the Tadawul earlier this month after completing its initial public offering.
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Saudi Arabia establishes theater and performing arts board
The Saudi Ministry of Culture announced on Saturday the establishment of the board for Theater and Performing Arts Authority. It will be headed by Minister of Culture Prince Badr bin Abdullah bin Farhan. The five-member board is tasked with taking the necessary decisions to achieve the goals of the authority and oversee the implementation of its strategies.
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Saudi Arabia’s NCB reports drop in second quarter profit on higher operating expenses
Saudi Arabia’s National Commercial Bank (NCB), the kingdom's biggest lender by assets, reported a 22 per cent drop in its second-quarter profit as total operating expenses including impairments for bad loans climbed and operating income decreased. Net profit for the three months ending June 30 declined to 2.09 billion Saudi riyals (Dh2.05bn), the lender said in a statement to the Tadawul stock exchange, where its shares trade. Operating income during the period slid 5.6 per cent to 4.76bn riyals.
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Fully Armed Kadena F-15 Eagles Soar Over Saudi Arabia Wearing Some Awesome Nose Art
The U.S. Air Force’s 44th Fighter Squadron, the “Vampires,” is currently deployed to Prince Sultan Air Base, Saudi Arabia, as part of Operation Inherent Resolve. Since arriving in theater, the squadron’s maintainers have applied bold and remarkably large nose art to a number of the jets.
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Saudi Arabia’s start-ups gain record amount of funding in first half
Start-ups in the kindgom secured $95 million (Dh348.8m) in funding during the first six months of 2020, more than doubling the amount raised in the first half of 2019 and surpassing even the full-year amount, data platform Magnitt said in its Saudi Arabia Venture Capital Snapshot report. The number of deals rose 29 per cent to 45, with notable funding rounds including $36.5m for food delivery app Jahez and $18m for groceries delivery app Nana.
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Saudi Arabia’s mortgage lender Amlak to start trading on Tadawul from Monday
Shares in Saudi Arabia’s mortgage lender Amlak International for Real Estate Finance will start trading on the Tadawul stock exchange on Monday as the company completes its IPO process. The company is floating 27.18 million shares, or 30 per cent of its total, with an indicative price range set at 15-17 Saudi riyals (Dh14.7-Dh16.6) per share. Proceeds of the offer are being used to repay selling shareholders.
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