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Recent stories from sustg
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Saudi Arabia’a Allocating $267 Million to Intellectual Property Strategy, a Sign That Kingdom is ‘Prioritizing a Knowledge-Based Economy’
- October 12,2023
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- SUSTG Team
The allocation of $267 million to the Intellectual Property Strategy is a signal that Saudi Arabia is “prioritizing a knowledge-based economy,” according to an item in the International Intellectual Property Law Association website.
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Lucid Opens First-Ever Auto Plant in Saudi Arabia
- September 27,2023
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- SUSTG Team
Lucid has opened the first ever car manufacturing plant in Saudi Arabia at the King Abdullah Economic City as the kingdom looks to establish itself as a global player in the EV race.
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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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PIF and BlackRock Launch $5bn Investment Fund
- May 1,2024
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- SUSTG Team
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.
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The 966 Episode 117: Saudis are optimistic, but what does 2024 have in store for Saudi Arabia and the Middle East?
- January 8,2024
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- SUSTG Team
The 966 hosts kick off the new year after a refreshing holiday break following a successful year for the podcast in which the growth of the audience more than doubled across all platforms, and in some cases, grew significantly more than that! The team thanks all of its listeners and viewers for tuning in each […]
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What the Israel-Hamas War Means for Saudi Arabia and the Middle East
- October 13,2023
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- SUSTG Team
Hamas’ horrific and stunning attack in Israel last week has upended the status quo in the region. With Israel now retaliating in Gaza, bombing an already desperate populace in the Gaza strip, leaving hundreds of thousands of people homeless there, and with thousands dead and injured on both sides, the war has thrown the Levant […]
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Saudi Arabia Sends Envoy to West Bank as Progress in Talks with Israel Gather Pace
- September 26,2023
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- SUSTG Team
Saudi Arabia, which has engaged in U.S.-brokered talks with Israel to potentially normalize relations, Tuesday sent a delegation to the occupied West Bank for the first time in three decades, VOA reports.
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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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Saudi Space Agency and WEF Establish Space C4IR Center
- April 30,2024
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- SUSTG Team
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.
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Saudi Arabia Issues $12 Billion Bond
- January 9,2024
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- SUSTG Team
Saudi Arabia sold $12 billion of bonds — its largest deal since 2017 — amid a record start to a year for emerging-market countries, according to a report in Bloomberg.
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MUST-READS
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Saudi’s PIF participates in India-based Healthifyme’s $75 million Series C round
Saudi Arabia's Public Investment Fund has invested in India-based healthtech Healthifyme's $75 million Series C funding round, led by Khosla Ventures and LeapFrog Investment.
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Saudi Arabia’s Alfanar completes 100 pc acquisition of wind turbine OEM Senvion India
With 480 MWs operational, 370 MWs under execution and 1.3 GWs under development, Alfanar is a global renewable energy developer with presence in Europe, India and the Middle East.
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Reagan Carrier Strike Group Now in Indian Ocean, Heading to Middle East
Reagan, the Navy’s forward-deployed carrier based in Yokosuka, Japan, will make a rare patrol in U.S. Central Command to support the U.S. military as it winds down the two-decade war in Afghanistan. Reagan will relieve USS Dwight D. Eisenhower (CVN-69), which has been operating in the Middle East since April and is on its second deployment within a year.
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Saudi Arabia inks MoU with India to promote ‘Yoga standards ‘ in-country
While yoga has been allowed in the country since November 2017, with the MoU a formal system has been put in place for its practice. The MoU also facilitates collaboration in research, education, and training in the field of yoga with individuals going through specific exams and evaluations to become formally certified trainers.
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Saudi Arabia committed to meet India’s crude oil requirement: Saudi envoy
In an interview to PTI, Saudi ambassador Dr Saud bin Mohammed Al Sati also said that Saudi Arabia made investments worth USD 2.81 billion in India in 2020 and is looking at a greater momentum in bilateral economic ties in areas like petroleum, renewable energy, IT and artificial intelligence.
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India reports 281,386 new coronavirus infections
India on Monday reported 281,386 new coronavirus infections over the last 24 hours, while deaths rose by 4,106.
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Oil for oxygen: Covid-hit India welcomes Saudi medical aid, boosts oil imports
Indian oil minister Dharmendra Pradhan on Friday thanked Saudi Arabia and other Middle Eastern oil producers for supplying liquid medical oxygen (LMO) to help the country in its battle withthe COVID-19 crisis.
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India offers to lift regular Saudi oil volumes in June after May cuts: sources
Indian state refiners on Thursday placed orders for regular supplies from Saudi Aramco for June, after reducing purchases this month, drawn by lower prices by the world’s top oil exporter, four sources said on Thursday.
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COVID spreading in rural India; record daily rises in infections, deaths
Hopes that India’s deadly second wave of COVID-19 was about to peak were swept away on Thursday as it posted record daily infections and deaths and as the virus spread from cities to villages across the world’s second-most populous nation. India reported a record 412,262 new COVID-19 cases in the past 24 hours and a record 3,980 deaths. COVID-19 infections have now surged past 21 million, with a total death toll of 230,168, health ministry data show.
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Saudi Arabia Cuts Oil Prices for Asia as Virus Hits India Demand
Saudi Arabia lowered prices for oil shipments to customers in its main market of Asia as a surge in coronavirus cases crimps energy demand in India, the world’s third-largest crude importer. The kingdom’s state energy firm, Saudi Aramco, reduced pricing for June shipments to the continent by between 10 and 30 cents per barrel.
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