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Recent stories from sustg

  • Wamda’s Tawaref Series Provides Blueprint for Expanding in KSA
     

    Wamda has partnered up with Tawaref, a Saudi Arabia-based tech investment community that also provides startup advisory, legal consultancy and due diligence support, to publish a series of articles to help entrepreneurs navigate the Saudi market.

     
  • Johnson Controls Arabia Announces Export of 300 Saudi-Made Scroll Chillers to the United States from KAEC Manufacturing Plant
     

    Johnson Controls Arabia (JCA) hosted an export milestone event at its YORK Manufacturing Complex at the King Abdullah Economic City (KAEC) to mark the company’s latest export achievement of more than 300 Saudi-made YORK Scroll Chillers to the American market during this year, with a total market value of 100 million Riyals in the initial phase, the […]

     
  • Saudi Aramco Expects to Pay Full Dividends Despite Lower Earnings – Report
     

    Saudi Arabia’s Aramco said it expects to pay full dividends to its shareholders, including the Public Investment Fund of Saudi Arabia, “despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold,” Reuters reports.

     
  • Saudi Internet Penetration Reaches 99%
     

    According to the “Internet Saudi Arabia” report for 2023, published by the Communications, Space, and Technology Commission, both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively. The report also says that 52.3% of users spend more than seven hours online each day.  

     
  • Saudi Car Market: Tops GCC, women purchase 30% of cars sold in 2023
     

    In 2023, Saudi Arabia sold 729,466 cars, a 17% increase from the previous year. The Toyota Yaris was the best-selling car, accounting for 37% of the sales. Car sales are expected to surge to 870,000 this year.

     
  • Nusuk pilgrim card launched
     

    With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.

     
  • 10th Saudi Film Festival Underway
     

    The 10th Saudi Film Festival runs May 2-9 at the King Abdulaziz Center for World Culture (Ithra) in Dhahran.  Debuting in 2008 this year’s edition has two main themes: Indian cinema and sci-fi films.

     
  • PIF and BlackRock Launch $5bn Investment Fund
     

    BlackRock and Public Investment Fund signed a non-binding MOU that calls for the sovereign fund to invest up to $5bn in stages as the new firm hits agreed milestones. Investments will provide capital for a variety of funds invested in public equities and bonds as well as alternative assets.

     
  • Saudi Space Agency and WEF Establish Space C4IR Center
     

    The World Economic Forum has signed an agreement with the Saudi Space Agency to establish a Centre for the Fourth Industrial Revolution (C4IR)  focused on space. The Centre for Space Futures, set to open in autumn 2024, will be hosted by the Saudi Space Agency.

     
  • Special World Economic Forum Convenes in Riyadh
     

    The World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh convenes 1,000 global leaders from 92 countries on 28-29 April, to support global dialogue and find actionable, collaborative and sustainable solutions to shared global challenges.

     

MUST-READS

  • IRGC Deputy Says Hamas Attack Stopped Saudi-Israeli Normalization

    Fars news website affiliated with the IRGC quoted Gen. Ali Fadavi as saying that “Normalization of relations by Saudi Arabia and some Arab countries with the regime occupying Quds was a malicious conspiracy that Americans pursued. They had prepared this conspiracy and were trying to implement it. They had worked on this for years and had reached a particular point.”

  • Iran IRGC Holds Naval Drills Around Gulf Islands (Abu Musa) Claimed by UAE

    Iran’s Islamic Revolutionary Guard Corps started naval drills around Persian Gulf islands whose sovereignty is disputed by the United Arab Emirates. The exercise includes troops, vessels, missiles and drones and aims to showcase the IRGC’s readiness to defend the islands, focused on Abu Musa, Iran’s state-run Islamic Republic News Agency reported on Wednesday.

  • How Khamenei stayed the course amid protests in sessions with top officials, IRGC

    In the wake of the nationwide protests in Iran sparked by the tragic death of Mahsa Jina Amini last September, a young woman who lost her life while in the custody of morality police, a series of significant events unfolded within the upper echelons of the state. These events shed light on the internal dynamics and power struggles within the Iranian political system—especially as the country prepares for leadership transition.

  • Could the IRGC pull a Wagner Group move in Iran? That’s what some Iranians are hoping for

    Upon news of the Prigozhin-led rebellion, Islamic Revolutionary Guard Corps (IRGC) Telegram channels quickly covered the breaking story. One viral screenshot of the IRGC’s main channel reposted a tweet by a pro-regime journalist emphasizing, “If necessary, just as we prevented the fall of [Bashar al-]Assad, we will prevent the fall of #Putin.”

  • Iranian activists slam European ‘meddling’ as IRGC designation mulled

    Prominent Iranian civil society activists and journalists have come out against European efforts to designate the Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization, denouncing such a step as meddling in Iran’s internal affairs. This comes as Supreme Leader Ayatollah Ali Khamenei has agreed to pardon and reduce the sentences of thousands of individuals—including people detained during the anti-establishment protests in recent months.

  • Sacking of young ex-commander reveals IRGC divide

    Mohammad was a rising political figure. While comparatively young, he had already headed an important IRGC department. In usual circumstances, his sacking by Raisi would have been a major event in Iranian politics. However, the country has been preoccupied with an ongoing nationwide revolt following the Sept. 16 death of Mahsa Jina Amini, a young woman, in the custody of morality police.

  • Iran’s IRGC seizes vessel carrying 11 million litres of fuel

    ran’s elite Islamic Revolutionary Guard Corps (IRGC) has seized the crew and cargo of a foreign ship that was carrying 11 million litres (2.9m gallons) of smuggled fuel, according to a local judiciary official. The judiciary chief of the southern province of Hormozgan, Mojtaba Ghahremani, announced on Monday that the IRGC’s naval force confiscated the unnamed vessel in the waters of the Gulf.

  • UN showdown over Iranian drones looms as IRGC trainers reported in Ukraine

    Ayatollah Ali Khamenei's remarks also come as Ukraine, the US and its allies push for the Islamic Republic's reported arms transfers to Russia to be recorded as a violation of United Nations Security Council Resolution 2231, which endorses the 2015 Iran nuclear deal. If UN sanctions lifted under the nuclear accord are re-imposed on Iran, it could trigger further escalation with the west.

  • IRGC warns Saudi Arabia it must ‘control’ media ‘provoking our youth’

    The commander of Iran’s Islamic Revolutionary Guard Corps (IRGC) has warned the Saudi royal family that it will “pay the price” unless it reins in the media outlets it allegedly funds. The warning comes as Tehran accuses foreign-based Persian-language networks—and especially the TV channel Iran International—of spreading fake news and inciting unrest.

  • Member of Iran’s Islamic Revolutionary Guard Corps (IRGC) Charged with Plot to Murder the Former National Security Advisor

    According to court documents, beginning in October 2021, Shahram Poursafi, aka Mehdi Rezayi, 45, of Tehran, Iran, attempted to arrange the murder of former National Security Advisor John Bolton, likely in retaliation for the January 2020 death of Iran’s Islamic Revolutionary Guard Corps – Qods Force (IRGC-QF) commander Qasem Soleimani. Poursafi, working on behalf of the IRGC-QF, attempted to pay individuals in the United States $300,000 to carry out the murder in Washington, D.C. or Maryland.