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The 966, Episode #132, The Many Impacts of The Gaza War with Stefanie Ali, Senior Director, Rice, Hadley, Gates and Manuel LLC
- June 26,2024
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- SUSTG Team
The 966 welcomes Stefanie Hausheer Ali, Senior Director at international affairs consulting firm Rice, Hadley, Gates & Manuel LLC, to get her informed perspective on the impact of the Gaza war with particular reference to the damage it has done to the U.S. reputation and U.S. corporate brands.
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MSCI Emerging Markets Index – Saudi Equities Five Years After Inclusion
- June 25,2024
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- SUSTG Team
Since May 2019, the MSCI Saudi Arabia and MSCI Tadawul 30 Indexes and the MSCI Saudi Arabia Investable Market Index (IMI) have outperformed the MSCI Emerging Markets IMI. Also, Saudi Arabia’s equity market has expanded to offer investors more-diversified sector exposures.
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Saudi-US Trade and Investment Framework Agreement (TIFA) Council Meetings Underway
- June 24,2024
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- SUSTG Team
The General Authority of Foreign Trade (GAFT) which is part of the Saudi Ministry of Commerce is leading Saudi Arabia’s delegation at the eighth meeting of the Saudi-US Trade and Investment Framework Agreement (TIFA) Council, held between June 23 and 28, 2024, in Washington, DC.
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Saudi 100 Brands stage Paris show
- June 21,2024
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- SUSTG Team
The Saudi 100 Brands is a dedicated program for Saudi fashion companies, brands and/or designers to receive specialized mentoring, training and consulting in the categories of bridal, couture, ready to wear, jewelry, bags, beauty, footwear and fragrance.
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KSA Climbs to 16th in World Competitiveness Ranking
- June 19,2024
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- SUSTG Team
Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.
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The 966 Episode #131, How growing Saudi sports participation is impacting Saudi fashion, with Reiting Lee, Founder, The Oriental Hybrid
- June 17,2024
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- SUSTG Team
Reiting Lee, fashion strategy consultant and experienced brand specialist joins The 966 and host Richard Wilson for a fascinating Episode #131 to discuss how booming Saudi sports participation is impacting the fashion sector, particularly sportswear and athleisure.
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Hajj 2024 in numbers: Annual pilgrimage draws over 1.83 million worshipers
- June 17,2024
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- SUSTG Team
Saudi Arabia’s General Authority for Statistics (GASTAT) released the official figures for this year’s Hajj season.
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Eid Mubarak from The SUSTG Review, SUSTG Weekend and The 966
- June 13,2024
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- SUSTG Team
The Saudi-US Trade Group which produces the SUSTG Review, SUSTG Weekend and The 966 podcast wishes peace, happiness and health to all on the occasion of Eid Al-Adha 2024 (1445 AH)
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Zelensky meets with Crown Prince in Jeddah
- June 13,2024
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- SUSTG Team
Ukrainian President Volodymyr Zelensky met with Crown Prince Mohammed Bin Salman during an unannounced visit to Jeddah this weekend.
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ACWA Power plans $1.9 Billion Stock Sale
- June 12,2024
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- SUSTG Team
Saudi Arabia’s ACWA Power Co. is planning to raise $1.9 billion by issuing stock to existing shareholders, capitalizing on a sixfold increase in its share price since a 2021 listing.
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MUST-READS
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How the convergence of AI and 5G is transforming Saudi Arabia’s smart technologies
According to a recent PwC report called “The Smarter Phone,” AI-enabled smartphones are already integrating with daily activities, leveraging predictive analytics to automate routine processes and provide real-time solutions. AI-powered assistants, image recognition and voice command systems are increasingly becoming integral parts of mobile devices, enabling more intuitive user interfaces and features such as facial recognition, automated photo sorting and smart scheduling.
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Egypt is cozying up to Somalia to thwart Ethiopia
Tensions between Egypt and Ethiopia have escalated in recent days. Relations between the two African countries, already strained since 2011 due to Ethiopia’s construction and filling of the Great Ethiopian Renaissance Dam (GERD) on the Blue Nile—a project Egypt views as a major threat to its water and food security—have further deteriorated. The recent downturn comes after Egypt forged closer ties with Ethiopia’s rival, Somalia.
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Art, music, fireworks shows on for Saudi National Day celebrations
The General Entertainment Authority has announced there will be fireworks displays across Saudi Arabia. On Sept. 22, Umm Ajlan Park in the capital is hosting, for free, the nation’s biggest fireworks display, a drone show, and a folklore event, starting at 9 p.m. There will also be fireworks displays at Jeddah Promenade from Friday to Monday starting at 6 p.m. On the same day, as a part of the festivities, there will be an air show at Jeddah’s North Corniche with planes flying in formation and leaving green smoke trails across the sky.
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Soundstorm is Soaring as Saudi Focuses Spotlight on Local Artists
As Saudi gears up for National Day on September 23, a cultural movement is building steam for local artists through Soundstorm. While this day honors the Kingdom’s rich past, SOUNDSTORM, the Riyadh music festival is powering the nation’s bold future. Happening on Dec 12-14, it’s more than a music festival. Soundstorm sets sights in transforming Saudi Arabia and it’s local artists into a global cultural powerhouse.
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Russia signals upcoming signing of strategic partnership accord with Iran
Russia’s president has authorized the signing of a Comprehensive Strategic Partnership Agreement with Iran. This follows a Tehran visit by the secretary of the Russian Security Council, preceded by a trip to St. Petersburg by the Iranian national security advisor. The intensified engagement suggests that the two sides wish to move past a row over Moscow’s support for a contentious transit corridor in the South Caucasus, especially amid western pressure over alleged Iranian missile deliveries to Russia.
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Senators in both parties open to treaty vote on US-Saudi defense pact
Republicans and Democrats are demanding any such agreement arrive on Capitol Hill as a treaty, requiring a two-thirds majority. Getting that level of Senate approval would be a huge challenge, according to interviews with more than a half-dozen senators on the Foreign Relations Committee.
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Saudi’s Aramco Digital announces multiple AI partnerships
Aramco Digital Company and Groq, a major name in the field of artificial intelligence (AI) inference, have announced a partnership to establish the world's largest inferencing data centre in Saudi Arabia. But it's far from the only recent AI news from the digital and technology subsidiary of Aramco, the giant global integrated energy and chemicals company.
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EU mission starts Red Sea oil tanker salvage
An operation trying to salvage a stricken oil tanker, burning in the Red Sea for almost a month now after attacks by Yemen's Houthi rebels, has begun, according to a European Union naval mission on Saturday. The EU's Operation Aspides released images showing its vessels escorting three ships making their way toward the Greek-flagged oil tanker Sounion. The operation aims to prevent an environmental disaster in the region.
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Chip Startup Groq Backs Saudi AI Ambitions With Aramco Deal
Artificial intelligence startup Groq Inc. has partnered with oil producer Aramco to build a giant data center in Saudi Arabia that it hopes will become a hub for companies running AI systems across the Middle East, Africa and India. The data center will be up and running by the end of this year, and could later expand to include a total of 200,000 language processing units, Ross said
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Saudi art icon Safeya Binzagr passes away
The Saudi art world was deeply saddened by the passing of Safeya Binzagr, the celebrated artist often referred to as the "Mona Lisa of Hijaz," on Thursday. Born in 1940 in the heart of Jeddah’s old city Harat Al-Sham, Safeya Binzagr’s early life was intertwined with the rich heritage and traditions of her hometown. The old city’s ambiance and the warmth of its people profoundly influenced her artistic journey. In 1947, Binzagr and her family moved to Egypt, but the memories of Jeddah’s narrow alleys and traditional customs remained deeply ingrained in her.
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