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Recent stories from sustg
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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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Wamda’s Tawaref Series Provides Blueprint for Expanding in KSA
- May 13,2024
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- SUSTG Team
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.
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ACWA Power Inks Deal for $4bn Green Hydrogen-Based Ammonia Plant in Egypt, $800m Power Purchase Agreement for South African Hybrid Renewable Project
- December 20,2023
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- SUSTG Team
Saudi renewables developer ACWA Power has signed two new large deals as it expands its renewables and green projects across the region.
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Israeli Minister Speaks Publicly for the First Time in Saudi Arabia’s Capital Riyadh – Report
- October 5,2023
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- SUSTG Team
An Israeli minister spoke publicly for the first time in Saudi Arabia’s capital Riyadh about “blossoming ties” between the two countries, the latest sign the duo are inching toward normalizing relations – and even thanked the two leaders, mentioning first the Kingdom of Saudi Arabia.
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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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Johnson Controls Arabia Announces Export of 300 Saudi-Made Scroll Chillers to the United States from KAEC Manufacturing Plant
- May 9,2024
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- SUSTG Team
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 […]
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Prince Alwaleed bin Talal-Backed Flynas Taps Morgan Stanley, Goldman for IPO
- December 21,2023
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- SUSTG Team
Saudi Arabia’s Flynas, backed by billionaire Prince Alwaleed Bin Talal, has hired Goldman Sachs Group Inc., Morgan Stanley and Saudi Fransi Capital for a potential initial public offering in Riyadh, according to a report in Bloomberg.
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Saudi Arabia’s Tourism Effort Paying Off as Sector Sees 58% Growth in 2023 — Report
- October 4,2023
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- SUSTG Team
Saudi Arabia has been ranked second globally in terms of tourist arrivals during the first seven months of 2023, the Saudi Press Agency reported on Tuesday.
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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 Aramco Expects to Pay Full Dividends Despite Lower Earnings – Report
- May 8,2024
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- SUSTG Team
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.
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MUST-READS
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India’s top court halts demolition of shops in area near New Delhi clashes
Recent communal clashes in several parts of India have been followed by demolition drives, which critics say are an attempt by Prime Minister Narendra Modi and the ruling Bharatiya Janata Party (BJP) to intimidate India's 200 million Muslims.
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India, UAE should look at $250 billion trade by 2030
The Comprehensive Economic Partnership Agreement (CEPA) was signed by India and the United Arab Emirates (UAE) in February and is expected to come into force from May 1, he said.
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India is in a sweet spot, courted by the Quad, China and Russia
As the war enters its fourth week, New Delhi has been receiving a stream of high-profile visitors from major capitals around the world. At one end, this has included delegations from the United States, Australia and Japan, the three nations which are India’s partners in the Quad, officially known as the Quadrilateral Security Dialogue.
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China ramps up arms exports to Pakistan, aiming to squeeze India
Sino-Indian relations have deteriorated since the deadly 2020 border clash in the Himalayas. India also announced a diplomatic boycott of the Beijing Olympics at the last minute after a Chinese soldier who had been involved in the fighting was chosen as a torchbearer.
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Vladimir Putin is less isolated than you might think, from India to Brazil and South Africa
“There are a growing number of countries that are more willing to assert their independence in spite of the fact that they aspire to closer cooperation with the West and are even in need of Western support,” said Chris Landsberg, a professor of international relations at the University of Johannesburg. “They are willing to send the message that they don’t take kindly to the idea of being boxed in and forced to choose” sides.
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New UAE-India Economic Deal Opens the Door for Minilateral Partnership With Israel
CEPA is India’s first bilateral trade agreement in the Middle East and North Africa. It was formalized in a short period – official talks started only in September 2021. The agreement is broad, covering 11 service sectors and over a hundred subsectors, from trade and innovation to aviation and tourism. But what sets CEPA apart is that it is expected to be implemented quickly, by May.
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India along with China and UAE abstain from US-backed UNSC resolution condemning Russia
India did not formally condemn Soviet intervention in Hungary in 1956, Czechoslovakia 1968, Afghanistan 1979 or Crimea in 2014. What was also being weighed by India is the fact that Ukraine was one of those countries that vehemently opposed India’s nuclear tests in 1998 and had condemned India’s actions at the UN. Ukraine had also voted in favour of UN Resolution 1172 that had condemned the nuclear tests conducted by India.
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Free trade is crucial for global economic health as India-UAE agreement shows
A large body of rigorous scientific work demonstrates how free trade generally benefits all sides by enabling people to specialize in what they do well and allowing countries to more effectively import foreign technologies. The consensus among economists had held fast since at least the late 18th century, when Adam Smith wrote The Wealth of Nations, including New York Times progressive columnist Paul Krugman, who earned the economics Nobel Prize for his pro-free trade work.
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India, Saudi Arabia armies explore new areas of cooperation including intel sharing & counterterrorism
The visit is seemingly important due to the warm personal relations shared between the two Army Chiefs. Building on the visit of Chief of Indian Army in December 2020 to Saudi Arabia, both Army chiefs had regular telephonic exchanges to monitor the progress of mutually agreed roadmap of bilateral relations, sources said.
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Six Indian schoolgirls are protesting a hijab ban on their campus
In the southern state of Karnataka, protests have erupted in colleges and schools over the right of female students to wear the hijab. In December 2021, six students at Udupi Pre-University (PU) College were asked to remove their headscarves before attending classes.
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