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Recent stories from sustg
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Fitch Affirms Saudi Arabia’s Public Investment Fund at ‘A+’; Outlook Stable
- November 17,2023
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- SUSTG Team
Fitch Ratings has affirmed Saudi Arabia’s Public Investment Fund’s (PIF) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘A+’ with Stable Outlook, the organization said in a press release.
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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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Dollar-priced oil ending? What’s the story?
- July 8,2024
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- SUSTG Team
A claim emerged in Chinese-language social media posts in June that Saudi Arabia terminated a 50-year formal agreement with the United States to conduct oil transactions in U.S. dollars, under a deal called the “petrodollar agreement.”
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PIF Increases Investment in Lucid
- March 27,2024
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- SUSTG Team
Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator.
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House Prices in Riyadh Continue Climb into Record Territory — Knight Frank Report
- February 14,2024
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- SUSTG Team
Global real estate consultancy Knight Frank released today its Winter 2023/24 Saudi Arabia Residential Market Review, available now on the company’s website.
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An exclusive interview with Dr. Mehmood Khan, founding CEO of Saudi Arabia’s HEVOLUTION Foundation
- November 20,2023
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- SUSTG Team
The 966 speaks with Dr. Mehmood Khan, CEO of Saudi Arabia’s Hevolution Foundation, a global non-profit revolutionizing the healthspan field launched by Royal Decree and chaired by HRH the Crown Prince Mohammed bin Salman. Dr. Khan shares his journey, Hevolution’s vision and insights into how he is working to build the organization’s operations from the […]
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Report: Biden Considers Another Bilateral Meeting with Crown Prince Mohammed bin Salman at G20 to Talk Saudi-Israel Mega Deal
- August 21,2023
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- SUSTG Team
President Biden is considering a bilateral meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of next month’s G20 summit in New Delhi, India, to discuss the recently-reported proposal for the Kingdom and Israel to move toward establishing relations, four sources with knowledge of the issue told Axios.
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The Impact of Healthcare Investments on Saudi Arabia’s economy
- July 9,2024
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- SUSTG Team
The Observer Research Foundation, a leading think tank based in India, examined Saudi Arabia’s spending and strategy with regard to improving health care for its citizens.
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Saudi Arabia to join Miss Universe for the first time
- March 26,2024
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- SUSTG Team
27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.
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Saudi Family Office Mithaq Capital Buys Majority Stake in Struggling Retailer Children’s Place
- February 15,2024
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- SUSTG Team
Saudi Arabia’s Mithaq Capital, a family office owned by the Al Rahji Family, snapped up shares in struggling children’s retailer The Children’s Place to take a majority stake in the company, Semafor reports.
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MUST-READS
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Dubai‘190 skyscrapers built in Dubai since 2000’
Almost 190 skyscrapers, including the Burj Khalifa, have been built in Dubai in the last 15 years, a staggering figure compared to London's 23 for the same period.
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LebanonLebanon goes on Saudi spending spree at Dubai airshow
The US has provided the Lebanese army with more than $1 billion in military assistance over the past eight years, and last year Saudi Arabia announced a $3 billion plan to provide the Lebanese army with French-made weapons.
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Public RelationsAre Middle East PR Firms Ready To Expand Beyond Dubai?
Even within countries, differences are discernible; Saudi’s west coast city Jeddah has a culture and diversity that is far removed from Saudi’s capital Riyadh.
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HealthcareDubai’s Aster DM Healthcare in $245 mln Saudi hospital investment
Oct 18 Aster DM Healthcare, a Dubai-based healthcare company, has bought an additional 57 percent stake in a hospital in Riyadh for 900 million dirhams ($245 million), it said on Sunday.
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HSBC M&AHSBC Appoints Efe Kapanci Head of Middle East M&A in Dubai
M&A in the Middle East and Africa region is up 34 percent this year to $49.3 billion, according to data compiled by Bloomberg.
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Saudi hacker arrested en route to Dubai
A website hacker has been arrested at a Saudi airport as he attempted to board a plane to Dubai.
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3D Printing: DubaiDubai to build world’s first fully functional 3D printed building
The ‘Office’ will be approximately 185.8 square metres (sqm) in size and will be printed layer-by-layer using a 20 feet tall 3D printer, before being assembled on site in Dubai.
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Stock Market Opening: DubaiDubai Poised to Benefit From Saudi Arabia’s Market Opening
Banks, law firms and fund managers are all looking to add staff in response to the opening of the country’s $580 billion stock market which is expected to further boost the Middle East’s largest economy. Hiring, however, may at first take place in neighboring Dubai.
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Saudi-UAEDubai hopes to attract more than 1.3 million Saudis this year
The number of visitors from Saudi Arabia to Dubai reached more than 1.3 million in 2014 and an increase of 10 percent is expected this summer, according to an official at the Dubai Festivals and Retail Establishment (DFRE).
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UAEDubai’s Economy: Growing Up
Dubai has bounced back from the crisis, which saw its economy contract by around 2.5% in 2009.
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