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Road Crash Deaths in Saudi Arabia Reduced by nearly 35% in Five Years – WHO
- June 20,2023
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- SUSTG Team
The Kingdom of Saudi Arabia reduced road crash deaths by nearly 35% in five years, the WHO says, noting that the fatality rate stood at 9311 [28.8 per 100,000 people] in 2016 and by 2021 the rate had dropped to 6651 [18.5 per 100,000 people].
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Mena Startups Raised $445 Million in May 2023 – Wamda Report
- June 8,2023
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- SUSTG Team
May represented a bounce-back of sorts for the MENA VC and startup ecosystem, with venture funding into the region’s startups touched $445 million spread across 39 transactions, compared to $7 million raised across 11 deals reported in the preceding month, according to a monthly report in Wamda.
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Startup Airline Riyadh Air Reveals New Livery Design
- June 5,2023
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- SUSTG Team
Riyadh Air unveiled what’s being called the first of two livery designs, described as “a perfect blend of cutting-edge technology and timeless elegance.”
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PIF’s Badeel, ACWA Power Invest $3.25 Billion into Three New Solar Projects in Saudi Arabia
- May 22,2023
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- SUSTG Team
The Water and Electricity Holding Company (also known as Badeel), a wholly-owned company of Saudi Arabia’s Public Investment Fund (PIF), and ACWA Power today announced the signing of power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development, and operation of three major new solar PV Independent Power Producer (IPP) projects in […]
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Saudi Arabia’s Nitaqat Initiatives Helped Employ 500k Nationals Since 2019, Minister Says
- May 16,2023
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- SUSTG Team
The ongoing localization efforts in Saudi Arabia have helped provide job opportunities to over 500,000 Saudi nationals in the private sector since 2019, the Kingdom’s Minister of Human Resources and Social Development Ahmad Al-Rajhi revealed.
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Forthcoming Sindalah Island Resort Will ‘Mark the First Opportunity for the Public to Experience NEOM’ – Report
- May 9,2023
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- SUSTG Team
Saudi Arabia’s forthcoming Sindalah Island project will be the first opportunity for tourists to visit NEOM, according to Antoni Vives, chief urban planning Officer at NEOM, in comments to Al Arabiya English.
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Growing SRMG Media Group Launches LIST, a New Saudi Travel Magazine
- April 26,2023
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- SUSTG Team
SRMG, the largest integrated media group in the MENA region which includes widely-read publications like Arab News, Asharq Alawsat and others, has added a travel magazine to its portfolio: LIST Magazine will focus on the travel and tourism offerings from Saudi Arabia, the region and the world, according to reports.
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Reuters Photo Shows Iran’s Embassy in Riyadh Opening its Gates for First Time in 7 years
- April 13,2023
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- SUSTG Team
Iran’s embassy in Saudi Arabia opened its gates on Wednesday for the first time in seven years, a Reuters photo confirmed, as the two sides continued apace with the restoration of ties between them.
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With Saudi Delegation to Yemen’s Capital, Stakeholders Hope for Lasting Truce
- April 11,2023
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- SUSTG Team
Saudi Arabia’s ambassador to Yemen said on Monday he had traveled to the country’s Houthi-held capital to strengthen a truce and push dialogue that could end the country’s eight-year-old war, according to reports.
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Honeywell to open state-of-the-art regional manufacturing center in Saudi Arabia’s King Salman Energy Park
- April 3,2023
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- SUSTG Team
Honeywell signed a deal to open an advanced regional manufacturing center at the King Salman Energy Park (SPARK) — Saudi Arabia’s new energy industrial zone, according to a press release.
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MUST-READS
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Aramco IPOSaudi Aramco IPO in Riyadh a ‘bridge’ to eventual international listing
Following the announcement on Sunday, Aramco said it had no plans for an international listing, suggesting that the long-suggested aim of a second offering on a foreign bourse had been shelved. The company had initially been expected to sell 2 percent on the Saudi bourse and 3 percent overseas.
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Aramco IPOSaudi Aramco sweetens IPO terms to win over investors
Although Saudi Aramco did not disclose how much of the company would be sold or how much money the kingdom planned to raise, people familiar with the IPO process have said Saudi Arabia could offer up to 3 per cent on the domestic Tadawul exchange and could raise as much as $60 billion (€53.7 billion).
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Aramco IPTimeline: Saudi Aramco’s winding road to an IPO
Jan 6, 2016 - Saudi Arabia's Deputy Crown Prince Mohammed bin Salman mentioned his interest in selling off parts of Aramco to private investors in an interview here with The Economist magazine.
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Aramco IPOAramco Share Sale Sees Saudis Save Up for Bet
“We knew it was a matter of time, so all the talk in the office was everybody save up, have some cash ready to go,” said Nosaibah Alrajhi, 30, who founded and runs a financial services company. “I have some cash ready.”
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Saudi Aramco IPOSaudi Aramco, World’s Most Profitable Company, Will Make First Public Offering
Saudi Aramco, the oil giant owned by the Saudi government, said on Sunday it will sell an unspecified number of shares, thought to be between 1% and 3% of the company. It did not specify a price range.
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Saudi Aramco IPOAramco IPO Waits on Crown Prince as Saudi Rich Pressed to Invest
Saudi Crown Prince Mohammed bin Salman will decide in the next two days whether there’s enough support from local investors to finally go ahead with the initial public offering of state oil producer Aramco.
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Aramco IPOSaudis Are Said to Consider Increase in Lending for Aramco IPO
Saudi Arabia is considering increasing how much the kingdom’s banks can lend to local investors who want to buy shares in Aramco’s initial public offering, people with knowledge of the matter said.
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Saudi Aramco IPOSaudi Aramco flotation ‘coming soon’
The stock market flotation of one of the world's most profitable firms is coming "soon", the Saudi energy minister has said. Prince Abdulaziz bin Salman said the decision on when to list Aramco rested with Crown Prince Mohammed bin Salman. The energy minister was giving a speech at the Future Investment Initiative conference in Riyadh.
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Saudi Aramco IPOSaudi Aramco aims to begin planned IPO on November 3: sources
Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.
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Aramco-SabicThe Saudi Aramco-SABIC merger: How acquiring SABIC fits into Aramco’s long-term diversification strategy
There has been a division of labor in the kingdom’s chemical industry between Aramco and SABIC. Aramco mostly produces chemicals from the liquid products obtained from crude oil, mainly naphtha, which are then transformed by Aramco’s joint ventures—Sadara Chemical Company and Petro Rabigh. For its part, SABIC processes the various gases—mainly methane, ethane, propane, and butane—into hundreds of chemicals, including fertilizers.
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