SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Justice Department looking into PGA Tour deal with LIV’s Saudi backers, AP source says

    The Justice Department has begun to examine an agreement between the PGA Tour and Saudi Arabian backers of LIV Golf to determine whether it violates federal antitrust statutes, a person familiar with the matter told The Associated Press. The inquiry is in its early stages, and it isn’t clear yet whether the Justice Department would take any enforcement action, the person said. The person was not authorized to publicly discuss details of the inquiry and spoke to The Associated Press on condition of anonymity. The Wall Street Journal first reported the Justice Department’s involvement.

  • Department of Defense Unveils Comprehensive Recommendations to Strengthen Foreign Military Sales

    Today, Secretary of Defense Lloyd J. Austin III approved a tasking memo from the Department of Defense (DoD) Foreign Military Sales (FMS) Tiger Team that highlights six key FMS pressure points and directs implementation of recommendations to improve and accelerate the Department's institutional processes to execute FMS cases. The efforts of the Tiger Team and the Department's commitment to improve the FMS system advance the direction of the 2022 National Defense Strategy to break down barriers to working with allies and partners.

  • Blumenthal launches probe into PGA Tour-LIV partnership

    While the deal was announced last Tuesday, there are still unanswered questions and unsettled issues surrounding the agreement, and the surprising partnership could face hurdles, including obtrusion from Congress. The PGA Tour’s policy board will need to approve the final framework of the agreement and it also might need to pass muster with the Justice Department, which had launched an investigation last year into the PGA Tour over potential antitrust violations.

  • Women in Tech programme awards $50,000 to three Saudi female-led startups

    The leading global banking group, Standard Chartered, and the region’s leading full-fledged investment firm, Falak Investment Hub, announced the successful completion of the “Standard Chartered Women in Tech” programme by selecting eight female-led startups through an independent panel of judges. The entrepreneurs, who underwent an 8-week incubator programme, showcased innovative ideas in various sectors, including fintech, health tech, property tech, and edutainment.

  • Swedish firm to build 2,174 apartments for Saudi’s Neom

    Modular housebuilder Scandinavian Industrialised Building System (SIBS) has won a contract to assemble 35 apartment blocks at Saudi Arabia’s huge new economic zone, Neom. The Stockholm company was awarded an engineered-equipment supply contract for 2,174 homes for people working on the planning, engineering, and construction of the 26,500-sq-km zone.

  • Türkiye becomes part of Saudi Arabia’s Makkah Route Initiative

    The Makkah Route Initiative, which began in 2019 as part of the "Guests of God Service Program," one of many initiatives in Saudi Arabia's Vision 2030, has now reached out to include Türkiye. This initiative is being carried out in Morocco, Indonesia, Malaysia, Pakistan, Bangladesh, and Ivory Coast, as well as Türkiye, according to the Saudi Interior Ministry.

  • Chart: Cars Still Dominate the American Commute

    According to Statista Consumer Insights, 73 percent of American commuters use their own car to move between home and work, making it by far the most popular mode of transportation. Meanwhile, only 13 percent of the 7,649 respondents use public transportation while 11 percent ride their bike. As our chart shows, alternatives to the car have become more popular since 2019, but none comes close to challenging the car's status as the king of the American commute.

  • Community Jameel Saudi Joins MITs JWEL Network to Launch StartSmart Competition

    Community Jameel Saudi announces its membership in the Massachusetts Institute of Technology’s (MIT) Jameel World Education Lab (J-WEL) network. The pilot innovation cohort is a joint initiative between J-WEL and Community Jameel Saudi, facilitating learnings and programmes supporting entrepreneurial learning and development in settings with growing demand for innovation linked to technology.

  • Saudi Arabia Doubles-Down on Investment in Electronic Arts

    Saudi Arabia’s sovereign wealth fund has increased its stake in Electronic Arts, building upon its massive $38 billion already invested in the video game industry. The Kingdom’s Public Investment Fund has increased its shares in Electronic Arts by 55%, going from owning 16.01 million shares to now 24.81 million shares, according to a financial filing observed by Seeking Alpha. EA’s sports titles include Madden NFL, EA Sports PGA Tour, NHL, F1, and FIFA—though future installments of the popular soccer series will be branded as EA Sports FC after EA and FIFA failed to agree to a new licensing agreement.

  • Saudi Arabia Doubles-Down on Investment in Electronic Arts

    Saudi Arabia’s sovereign wealth fund has increased its stake in Electronic Arts, building upon its massive $38 billion already invested in the video game industry. The Kingdom’s Public Investment Fund has increased its shares in Electronic Arts by 55%, going from owning 16.01 million shares to now 24.81 million shares, according to a financial filing observed by Seeking Alpha. EA’s sports titles include Madden NFL, EA Sports PGA Tour, NHL, F1, and FIFA—though future installments of the popular soccer series will be branded as EA Sports FC after EA and FIFA failed to agree to a new licensing agreement.