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Saudi Arabia, Canada Restore Diplomatic Relations after 5 Years
- May 25,2023
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- SUSTG Team
Saudi Arabia and Canada restored diplomatic relations on Wednesday, putting an end to a five-year rift between the two nations.
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Bechtel Saudi Arabia Names Abdulrahman Al-Ghabban New VP of Infrastructure in Kingdom
- May 24,2023
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- SUSTG Team
Bechtel Saudi Arabia has named company veteran Abdul-Rahman Al-Ghabban as new Infrastructure Vice President in the Kingdom of Saudi Arabia, the company confirmed to SUSTG in a press release.
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Neom’s progress and opening date, Syria comes in from the cold, the Rua Al-Madinah giga-project and much more
- May 12,2023
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- SUSTG Team
Episode 86! The hosts fly solo today with lots to discuss from a busy week in Saudi Arabia. Richard’s One Big Thing is the recent developments on Saudi-Syria relations. Syria has come in from the cold in recent days as the Arab League and Saudi Arabia in particular prioritize engagement with Assad regime to solve […]
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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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Saudi Arabia’s Red Sea Global Weighs Public Offering as Soon as 2026 – Report
- May 8,2023
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- SUSTG Team
Red Sea Global, the company behind a major tourism destination on Saudi Arabia’s Red Sea coast is considering a possible public market offering as soon as 2026, the CEO said in comments reported by Bloomberg.
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Captagon in the Middle East, Messi’s history with Saudi Arabia, and a conversation with Norah Ortiz, owner of Riyadh’s first authentic Mexican restaurant
- May 5,2023
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- SUSTG Team
The 966 Episode 85! The 966 hosts speak with Norah Ortiz, founder of the first authentic Mexican restaurant in Riyadh, Don Reuben’s, which is located in the Diplomatic Quarter. Ortiz tells us her story as an American born in San Diego to Mexican parents and her journey to owning and operating the first authentic Mexican […]
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MENA startups Raised $7 Million in April 2023, a 93 Percent Decline Year-on-Year – WAMDA Report
- May 4,2023
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- SUSTG Team
In April 2023, startups based in the Middle East and North Africa raised roughly $7 million, a drop of 97 per cent compared to March 2023 and a 99 per cent drop compared to April 2022, according to a report in Wamda.
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Asset Management Firm Tiger Global, Visa Invest in UAE Fintech Company Tarabut Gateway for Saudi Expansion – Report
- May 3,2023
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- SUSTG Team
Payments giant Visa Inc. has made its first open banking investment in the Middle East, joining Tiger Global Management in backing UAE-based fintech firm Tarabut Gateway’s latest fundraising which outlines an expansion to Saudi Arabia, according to Bloomberg.
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Iran and Saudi Arabia Only Days Away from Re-Opening Embassies – Report
- May 1,2023
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- SUSTG Team
Saudi Arabia and Iran will reopen embassies in each other’s capitals “within days,” Reuters reports, citing Iranian Foreign Minister Hossein Amirabdollahian, though he did not give specific dates for each to re-open.
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Knight Frank’s Faisal Durrani joins The 966 to talk Saudi real estate, giga-projects and much more
- April 28,2023
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- SUSTG Team
In Episode 84, The 966 speaks with Faisal Durrani, partner and head of Middle East research for the global real estate company Knight Frank. Mr. Durrani shares some of the highlights and key information from Knight Frank’s recently-released 2023 report on real estate in Saudi Arabia, The Saudi Report 2023, a publication which touches on many […]
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Lebanon says Israeli airstrikes kill as least 100 people, as citizens told to evacuate
Israel unleashed its most widespread wave of airstrikes against hundreds of Hezbollah targets on Monday, killing at least 100 people by Lebanese tallies, and warned citizens to evacuate areas where it said the armed group was storing weapons. The latest attacks come amid some of the heaviest cross-border exchanges of fire in almost a year of conflict, as Israel shifts its focus to its northern border, where Hezbollah has been firing rockets into Israel in support of its ally Hamas, which is fighting a war with Israel in Gaza.
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Israel conducted Lebanon pager attack fearing Hezbollah was onto the operation
Israel decided to blow up the pager devices carried by Hezbollah members in Lebanon and Syria on Tuesday out of concern its secret operation might have been discovered by the group, three U.S. officials told Axios.
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Saudi Arabia’s Groundbreaking Telfaz11 Studio Announces Satirical Film ‘Saify’ Involving Banned Religious Sermons
Saudi studio Telefaz11, the groundbreaking label behind hit dark comedy “Mandoob” — in which a struggling man becomes a bootleg booze runner in Ryadh — is set to push the kingdom’s cultural envelope a bit further with a humorous take on the world of Saudi Arabia‘s ultraconservative clerics. Telfaz11 has announced that its next title will be the satirical drama “Saify,” directed by studio chief Wael Abu Mansour and set against the backdrop of the late 1990s, a time when, incidentally, cinema was banned.
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Egypt PM says Saudi’s planned $5 bln investment independent of cenbank deposit
Egypt's Prime Minister Mostafa Madbouly said on Thursday that a planned Saudi Arabian investment of $5 billion in Egypt is independent of funds the Gulf state has deposited in the country's central bank, sending bond prices higher. The country's sovereign dollar bonds rallied to fresh two-year highs. The 2059 maturity gained the most, rising 1.35 cents, to bid at 77.60 cents on the dollar by 1309 GMT, Tradeweb data showed.
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Iran’s ambassador to Lebanon injured by pager explosion
Iran's ambassador to Lebanon, Mojtaba Amani, was slightly injured on Tuesday by the explosion of an electronic pager, Iran's semi-official Fars news agency reported, as numerous such devices exploded across Lebanon. "Amani has a superficial injury and is currently under observation in a hospital," Fars quoted a source as saying. Iran's Foreign Minister Abbas Araqchi, in a phone call with his Lebanese counterpart, strongly condemned the "terrorist attack" and thanked Lebanon for providing immediate medical treatment to Amani, Iranian state media reported.
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Perspective: The Lebanon pager attacks are an escalation toward a war that few want
Iran and Hezbollah definitely don’t want a major conflict. Hezbollah’s role is to deter an attack on Iran’s nuclear facilities. It’s pointless to squander Hezbollah’s potent arsenal on a place (Gaza) with no real significance to Iran, or an unreliable ally like Hamas, which broke with them over the Syrian war. Israelis commonly insist that war with Hezbollah is inevitable. But war is hardly inevitable when the other side doesn’t want one.
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Second wave of exploding devices raises fears of wider Israel-Lebanon conflict
Hand-held radios used by armed group Hezbollah detonated on Wednesday across Lebanon's south in the country's deadliest day since cross-border fighting erupted between the militants and Israel nearly a year ago, stoking tensions after similar explosions of the group's pagers the day before. Lebanon's health ministry said 20 people were killed and more than 450 injured on Wednesday in Beirut's suburbs and the Bekaa Valley, while the death toll from Tuesday's explosions rose to 12, including two children, with nearly 3,000 injured.
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Hezbollah vows to punish Israel after pager explosions across Lebanon
Militant group Hezbollah promised to retaliate against Israel after accusing it of detonating pagers across Lebanon on Tuesday, killing nine people and wounding nearly 3,000 others who included fighters and Iran's envoy to Beirut. Lebanese Information Minister Ziad Makary condemned the late-afternoon detonation of the pagers - handheld devices that Hezbollah and others in Lebanon use to send messages - as an "Israeli aggression". Hezbollah said Israel would receive "its fair punishment" for the blasts.
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3-month midday outdoor work ban comes to an end in Saudi Arabia
The rate of compliance of establishments with the decision to ban work under direct sunlight this year reached 94.6 percent, according to the ministry sources. During the implementation period, the ministry, in coordination with the National Council for Occupational Safety and Health, instructed employers to organize working hours and adhere to the provisions of the decision to reduce occupational injuries and diseases.
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Nvidia AI Chips Headed to Saudi Arabia, US Reassesses Export Ban
The U.S. initially imposed advanced semiconductor sanctions on China in 2023, citing national security concerns. In 2024, the embargo on Saudi Arabia followed for its alleged proximity to China. Interestingly, Nvidia AI chips continue to enter China via smuggling and other channels. Saudi Arabia’s engagement in the AI sector has increased, as evidenced by its participation in AI-driven initiatives and partnerships to reduce its reliance on Chinese firms. This has prompted the U.S. to reevaluate its embargo on the country.
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