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Saudi Arabia Sends Foreign Minister to BRICS Events in South Africa as it Seeks Membership
- August 23,2023
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- SUSTG Team
Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah will arrive in South Africa this week to take part in the BRICS Plus Dialogue and the BRICS-Africa Outreach events, according to reports.
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Saudi Arabia’s Media Powerhouse SRMG Makes Strategic Investment in Anghami, Spotify’s MENA Region Rival
- August 22,2023
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- SUSTG Team
SRMG Ventures, the venture capital arm of Riyadh-based conglomerate and the largest publishing company in the Middle East, the Saudi Research and Media Group, has announced a $5 million investment in Anghami, which is the Arab world’s rival to Spotify, according to Variety.
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Princess Mashael bint Saud Al Shalan joins The 966, Saudis rush to theaters to See ‘Barbie’, an update on The Line and more…
- August 18,2023
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- SUSTG Team
Episode 99! Princess Mashael bint Saud Al-Shalan, Founding Partner, Aeon Strategy, joins The 966 to discuss her work heading one of the leading consultancies in Saudi Arabia in the field of sustainability. Aeon Strategy played a key role in support of the Kingdom’s Net-Zero targets under the Saudi Green Initiative and the Circular Carbon Economy […]
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Inflation in Saudi Arabia Continues to Decline, Easing to 2.3 Percent in July
- August 15,2023
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- SUSTG Team
Saudi Arabia’s annual rate of inflation last month eased to 2.3 percent, down from 2.7 percent in June, according to official data. According to GASTAT, which produces and publishes the official data, housing, food and transport were among the drivers of a rise in consumer prices in July from a year earlier.
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More on Saudi-Israel normalization reports, Lucid’s future, and Kuwait University’s Bader Al-Saif joins The 966
- August 11,2023
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- SUSTG Team
Episode 98! Dr. Bader Al-Saif, founding President at Al-Saif Consulting and Assistant Professor at Kuwait University joins The 966 to talk about Saudi Arabia as an emerging economic and diplomatic power in a changing region. Al-Saif is also a visiting researcher at Georgetown University, where he completed his PHD in history, and a non-resident fellow […]
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Riyadh Air Sponsors Spanish Football Club Atlético de Madrid in 3 Year Deal; Jerseys Unveiled
- August 10,2023
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- SUSTG Team
Saudi Arabia’s newly launched airline, Riyadh Air, will sponsor one of Spain’s leading football clubs, Atlético de Madrid, the company said today in a press release as it unveiled a new design for the kits players will wear on-field.
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Lucid Air Limited Assembly In Saudi Arabia To Start In September; Company Slashes ‘Air’ Model Price
- August 9,2023
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- SUSTG Team
Lucid Motors, an EV company in which the Saudi Arabian Public Investment Fund (PIF) has a majority ownership stake, announced its second-quarter financial results yesterday, and provided some updates on its plans during an earnings call lead by CEO Peter Rawlinson. Lucid on Monday reported revenue in the April-June period of $150.9 million, missing estimates […]
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Saudi Transfer Spending on Par With European Top Leagues, Statista Report Says
- August 8,2023
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- SUSTG Team
A new chart from the website Statista places into context Saudi Arabia’s spending this transfer season vis-a-vis other top leagues, showing that the money spent on transfers by Saudi clubs this summer matches or exceeds the investments made by clubs from European top leagues, with the notable exception of the Premier League.
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Pulitzer Prize winning journalist and former publisher of the Wall Street Journal Karen Elliott House joins The 966
- August 4,2023
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- SUSTG Team
American journalist, author, media executive, and pulitzer prize winner Karen Elliott House joins The 966. Elliott House discusses her recent work, a paper entitled ‘Saudi First’, for the Belfer Center at Harvard’s Kennedy School of Government, as well as her experiences traveling to and from Saudi Arabia for decades and her views on Saudi Arabia as […]
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Wamda: MENA Startups Raised $95 Million in July 2023, a Bounce-Back from June’s Total but Deal Volume Falls
- August 3,2023
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- SUSTG Team
Startups in the Middle East and North Africa region (MENA) raised $95 million across 31 deals in July 2023, a slight dip from the $105 million recorded in the same month last year, according to Wamda, the leading website tracking the development of the startup ecosystem in the region.
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MUST-READS
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State Department OKs Potential $101M MIDS Terminal Sale to Saudi Arabia
The State Department has approved the government of Saudi Arabia’s request to procure communications and navigation terminals and associated equipment from the U.S. government under a potential $101.1 million foreign military sales agreement.
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Riyadh Municipality starts receiving qualification applications for future projects
The Riyadh Region Municipality invited qualified contracting companies with distinguished competence in the fields of implementing and developing roads, to submit their qualification applications. In a statement, the municipality stated that the applications will be submitted via Kafu platform, and the winners will be classified according to certain standards after reviewing the applications.
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Al-Khobar joins ranks of global smart cities
Al-Khobar has been recognized as a smart city in the 2024 rankings of the International Institute for Management Development (IMD). The city secured the 99th position out of 142 cities worldwide, the institute has announced.
This listing makes Al-Khobar the fifth Saudi city to be acknowledged as a smart city, joining the ranks of Riyadh, Makkah, Madinah, and Jeddah. This achievement underscores the Kingdom's continuous progress in the technology sector. -
Saudi Arabia starts enforcing first phase of regulating order delivery sector
The Saudi Transport General Authority (TGA) has started enforcing the first phase of the decisions to regulate the order delivery sector from Tuesday, April 2. This covers three decisions such as obligating non-Saudis working in delivery applications to join one of the companies licensed for light transport activity in four regions of the Kingdom in the first phase; limiting freelance work to Saudis, in addition to issuing controls regulating the use of motorcycles in delivering orders in coordination with the General Department of Traffic, and adoption of uniform for drivers.
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War-stranded Sudanese Find Solace In Saudi’s ‘Little Khartoum’: Video
Stranded abroad by almost a year of war, Saudi Arabia's swelling Sudanese community are drawn to Riyadh's "Little Khartoum" where they can eat, pray and console each other about the conflict ravaging their country.
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Saudi Arabia’s startups raise $198 million in March 2024
In a landmark month for the region’s startup ecosystem, Saudi Arabia emerged as the hot spot of fundraising activities, with total investments soaring to $198 million in 25 transactions. This surge, the highest in the region, underscores the growing vibrancy and investor confidence in Saudi Arabia’s startup landscape.
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Miss Universe denies Saudi’s participation in 2024 contest
The Miss Universe Organisation has refuted recent reports that Saudi Arabia is taking part in this year’s contest. The selection process has not been carried out in the kingdom, Miss Universe said, adding that it is undergoing a “rigorous vetting process.” “While Saudi Arabia is not yet among those countries fully confirmed participating this year, we are currently undergoing a rigorous vetting process qualifying a potential candidate to be awarded the franchise and assigned national director to represent,” the statement said.
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Egypt’s Sisi starts third term pledging more investment, social spending
Egyptian President Abdel Fattah al-Sisi was sworn in for his third term on Tuesday in the country's new capital, the largest of the mega-projects that have come to symbolise his rule while stretching the country's finances.Speaking at the new parliament building, Sisi highlighted the challenges Egypt withstood in recent years while promising continued development, which many Egyptians say they feel excluded from.
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Manga Productions Chief Essam Bukhary on Saudi Manga Craze and How Partnership With Japanese Studios Is the ‘Future of the Anime Industry’
Saudi Arabia, where popular anime characters such as “Captain Tsubasa” and “Dragon Ball” protagonist Son Goku have been engrained in the culture for decades, is taking its love affair with Japanese manga content to the next level.
In late March, just a few weeks after the death of “Dragon Ball” creator Akira Toriyama, it was announced that the world’s first theme park dedicated to the megahit Japanese manga and animation franchise will be built in Qiddiya, the massive entertainment and tourism project outside the Saudi capital of Riyadh through a joint venture between Qiddiya and Japan’s Toei Animation.
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Protecting Palestinians a moral imperative, Pentagon chief tells Israeli counterpart
U.S. Defense Secretary Lloyd Austin said on Tuesday it was a moral and strategic imperative to protect Palestinian civilians in the war between Israel and Hamas and that the humanitarian catastrophe in besieged Gaza was getting worse.Austin was speaking during a meeting with Israel Defense Minister Yoav Gallant at the Pentagon as relations between U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu sank to a wartime low.
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