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Flurry of New Deals Builds on Early 2021 Momentum for Saudi Venture Capital
- June 7,2021
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- SUSTG Team
Saudi Arabia’s venture capital scene continues to grow at an impressive clip as new deals and investments into Saudi companies – or by Saudi venture firms – builds on early growth so far in 2021.
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Startup Ecosystem in Saudi Arabia Begins to Thrive
- May 6,2021
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- SUSTG Team
Saudi Arabia’s startup ecosystem is beginning to thrive as new and increasingly larger investments into young Saudi companies continue to mount.
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New Regulatory Framework Aims to Encourage Foreign Ownership of Real Estate in Saudi Arabia – Report
- April 15,2021
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- SUSTG Team
A new report in the London-based Asharq Alawsat revealed an under-consideration initiative within a larger national strategy new regulations enabling non-Saudis’ ownership of real estate in the Kingdom, a move that hopes to attract foreign capital and increase investments in the sector.
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Vice Media Group to Partner with SRMG, Open Office in New Trendy Arts and Culture District in Riyadh
- April 2,2021
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- SUSTG Team
Edgy global media brand VICE Media Group today unveiled the expansion of its commercial operations into Riyadh with the launch of a new local office and partnership with top Saudi media brand, the Saudi Research and Marketing Group (SRMG).
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Saudi Economy Contracts 4.2% in 3Q, Improves from 2Q; Fitch Affirms Credit Rating at ‘A’
- November 10,2020
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- SUSTG Team
Saudi Arabia’s economy shrank 4.2% in the third quarter from a year earlier, government data showed on Tuesday, but the contraction was smaller than the second quarter when the economy was reeling from coronavirus-linked lockdowns, Reuters reports. The economy expanded by 1.2% on a seasonally-adjusted quarter-on-quarter basis in the third quarter from a contraction of 4.9% […]
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U.S. Again Tops Arms Exporters to the Middle East, Saudi Arabia, Report Says
- September 25,2020
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- SUSTG Team
A newly released report by the Center for International Policy finds the U.S. dominated arms and defense exports to the Middle East region between 2015-2019, accounting for nearly half of all deliveries of major weapons systems.
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Netflix, Saudi Animation Studio Myrkott Sign 5-Year Deal for New Saudi-Focused Shows and Films
- September 16,2020
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- SUSTG Team
Global content powerhouse Netflix has signed a 5-year deal with a Saudi animation studio to produce Saudi-focused content for the platform, according to reports.
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Collier’s: Saudi Hotels Hit Hard by Coronavirus Impact, but Domestic Travel Initiatives will Drive Recovery by 4Q 2020
- August 17,2020
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- SUSTG Team
Like in most other countries around the world, Saudi Arabia’s travel and tourism sector has been hit hard by the Coronavirus as governments continue to introduce measures to slow its spread. A recent report by Collier’s International highlights the severity of the impact.
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Female Participation in Sports Soars in Saudi Arabia since Vision 2030
- August 4,2020
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- SUSTG Team
Saudi Arabia’s Ministry of Sports said that female participation in sports increased by nearly 150% over the past five years since the announcement of the Vision 2030 program, according to a report.
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Saudi Ambassador to the U.S. Princess Reema bint Bandar Visits Wyoming, Gives Interview to Local Paper
- March 6,2020
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- SUSTG Team
Saudi Ambassador to the United States HRH Princess Reema bint Bandar Al-Saud visited the U.S. state of Wyoming this week and sat down with the local news outlet, the Wyoming Tribune Eagle, to talk about her visit to the state, the state of women’s rights in Saudi Arabia and the potential for business partnerships in Wyoming.
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MUST-READS
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BeIN Sports picks Saudi firm as MENA advertising partner
Qatar-based beIN, a sports broadcaster said on Wednesday it had chosen a Saudi firm as its exclusive advertising partner in the Middle East and North Africa in a deal that a source put at around $150 million.
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Arab Barometer and Perceptions of China in MENA: Audio
Ordinary citizens and residents across MENA tend to have different perspectives on China's image in the region. Some are positive, while others are negative, and the general public's perception is often different than that of the elites. To attempt to capture such varying perspectives, we discuss the general public's opinion on China on a larger scale while employing the proper scientific techniques. The findings on the general public's opinion on China come from nine nationally representative public opinion surveys conducted in MENA by Arab Barometer from 2021-2022 – including nearly 23,00 interviews.
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Saudi healthtech startup Blazma scripts aggressive MENA entry plans to tap rising digital healthcare market
The startup, which operates a platform connecting medical testing laboratories, healthcare chains and patients, also plans to launch a fundraising plan in two months to finance its growth plans
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Green Hydrogen Production in MENA Faces a Water Problem, Energy Leader Says
Jawad El Kharraz, executive director of the Regional Center for Renewable Energy and Energy Efficiency (RCREEE), says that Arab countries should localise green hydrogen production technology. However, in an interview with Al-Fanar Media, he points out that there are challenges facing this process, related to water scarcity in the North African region.
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Venture capital funding for Mena start-ups hits $2.3bn and is on track to beat 2021 total
Venture capital funding for start-ups in the Middle East and North Africa rose 20 per cent annually to more than $2.3 billion in the first three quarters of 2022, putting it on track to potentially surpass the total investments attracted in 2021, a study carried out by Magnitt has found.
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LIV golfers set to get ranking points after alliance with MENA Tour
LIV Golf players are set to earn world ranking points starting this week after the developmental MENA (Middle East and North Africa) Tour said on Wednesday it had formed a strategic alliance with the Saudi Arabia-backed circuit. LIV Golf is holding the sixth event of its inaugural season this week just north of Bangkok and the MENA Tour said those competing at Stonehill Golf Course will immediately qualify for official world ranking points. As part of the alliance, LIV Golf Invitational events will become part of, and sanctioned by, the MENA Tour which is among the eligible tours listed on the Official World Golf Ranking (OWGR) website.
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Saudi start-up ZenHR raises $10m to grow operations across Mena region
ZenHR, a human resource technology start-up in Saudi Arabia, has raised $10 million to scale up its operations across the Middle East and North Africa. The funding round was led by Saudi Arabia's Rua Growth Fund, with the participation of US-based Endeavor Catalyst and other existing investors, the Riyadh-based company said on Tuesday.
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Gender Diversity in Legal in KSA and MENA Is on the Rise
Since the launch of Vision 2030, the number of licensed female lawyers has risen from 10 in 2013 to 118. By mid-2020, that number had further risen to 785. Currently, we believe there to be more than 1,000 female lawyers, representing approximately 12% of all Saudi licensed lawyers in the Kingdom.
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Does Europe’s bumpy road to energy security Lead to the MENA?
Since the outbreak of the war, the region has become a natural destination for Europe in its growing quest for non-Russian energy resources, with leaders of the EU's economic powers (Germany, France, Italy) repeatedly visiting producers such as Algeria, Saudi Arabia, the UAE and Qatar. In addition to energy cooperation, this search for diversification offers a valuable tool for enhancing bilateral partnerships and expanding EU-MENA relations in the long term.
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Does Europe’s bumpy road to energy security Lead to the MENA?
Since the outbreak of the war, the region has become a natural destination for Europe in its growing quest for non-Russian energy resources, with leaders of the EU's economic powers (Germany, France, Italy) repeatedly visiting producers such as Algeria, Saudi Arabia, the UAE and Qatar. In addition to energy cooperation, this search for diversification offers a valuable tool for enhancing bilateral partnerships and expanding EU-MENA relations in the long term.
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