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PIF to List an Additional 10% of Saudi Stock Exchange; Investors Put in All Orders Within an Hour
- November 10,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is selling an additional 10% stake in the kingdom’s stock exchange, the Tadawul, “pushing ahead with plans to reduce its holdings in some of the country’s biggest companies and raise funds for investments,” Bloomberg reports.
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Saudi Arabia Evaluating Financing Options for NEOM, Hires New York-Based Lazard Ltd.
- November 9,2022
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- SUSTG Team
Saudi Arabia is evaluating financing options to develop NEOM, working with New York-based Lazard Ltd. to develop plans to potentially include debt sales and an initial public offering on the Saudi stock exchange for the high-tech city, people familiar with the matter told Bloomberg.
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Saudi Arabia Announces 66 New Initiatives as Part of Environmental Action Plan at COP 27
- November 8,2022
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- SUSTG Team
Saudi Arabia has announced 66 new initiatives as part of its environmental plan at the UN global climate change summit taking place in the Egyptian resort town of Sharm El-Sheikh, according to reports.
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Middle East’s Largest Broadcaster, MBC Group, Taps Banks for IPO — Report
- November 3,2022
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- SUSTG Team
The Middle East’s biggest broadcaster, MBC Group, has tapped two top banks to work on its initial public offering in Riyadh, people familiar with the matter told Bloomberg.
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The Red Sea Development Company is Now ‘Red Sea Global,’ and Will Look to Expand Globally
- October 25,2022
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- SUSTG Team
The Red Sea Development Co., known as TRSDC, has rebranded to now be called Red Sea Global (RSG), the company announced during the sixth edition of Future Investment Initiative (FII) in Riyadh on Oct. 25.
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Sustainability in Saudi Arabia with expert Jeffrey Beyer, the Red Sea’s latest developments, and more – The 966 Episode 63
- October 21,2022
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- SUSTG Team
Episode 63! The hosts welcome Jeffrey Beyer, Managing Director, Zest Associates, a Dubai-based consultancy that develops sustainability solutions for governments and private companies for the low carbon economy. First, the hosts discuss Richard’s one big thing this week, which is Saudi Arabia’s forthcoming Saudi Games, the largest single sporting event ever in Saudi Arabia. Lucien’s […]
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Saudi Aramco Pushes Ahead With IPO of Oil-Trading Unit – Bloomberg Report
- October 20,2022
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- SUSTG Team
Saudi Aramco is pushing ahead with plans for an IPO of its energy-trading business to take place as soon as the end of 2022 or early 2023, Bloomberg reports, citing people familiar with the matter.
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Saudi Arabia’s Crown Prince Mohammed bin Salman Launches National Industrial Strategy
- October 19,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Kingdom’s National Industrial Strategy, which aims to increase the industrial exports value to 557 billion riyals by 2030 ($148.34 billion), Reuters reports, citing the Saudi Press Agency.
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British Architecture Studio Foster + Partners Unveils Coral Reef-Like Marine Institute for Red Sea
- October 18,2022
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- SUSTG Team
Designs for the “world’s first fully immersive experiential marine life center” have been unveiled by British architecture studio Foster + Partners to be located on Saudi Arabia’s Red Sea coast, according to a press release from the world-renowned architecture firm.
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Brooks Koepka Wins First LIV Golf Jeddah Event, Overcomes Uihlein on 3rd Playoff Hole
- October 17,2022
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- SUSTG Team
Brooks Koepka holed his birdie putt on the third playoff hole to win the LIV Golf Invitational-Jeddah in Saudi Arabia on Sunday and claim his first victory on the tour.
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MUST-READS
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Merkel′s call to Iran sparks new demands on nuclear deal
German Chancellor Angela Merkel on Wednesday held a telephone call with Iranian President Hassan Rouhani in which she voiced her "concern" over Tehran's non-compliance with the 2015 Joint Comprehensive Plan of Action (JCPOA) nuclear pact, her spokesman said. She also stressed the "high interest'' that Germany and the other remaining signatories to the JCPOA have in preserving the deal, her office said in a statement.
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Saudi Space Commission Reviews Plans for Exploration Missions to Mars, Moon
The Saudi Space Commission is reviewing the track of work put into sending exploratory missions to both the Moon and Mars. Concerned authorities in the kingdom have prepared several programs for building national cadres and expanding investment in the space field. Commission Chairman Prince Sultan bin Salman bin Abdulaziz announced that the agency completed all stages of its establishment and concluded many partnerships and agreements both locally and internationally.
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Improving legislative environment will boost transparency, protect rights: Saudi ministers
Acting Minister of Media Dr. Majed Al-Qasabi said that these legislations reflect a qualitative leap in the legislative environment in the Kingdom in order to achieve the desired goals of preserving the family, forging relations among members of society, protecting human rights, facilitating economic movement, and raising the efficiency of contractual obligations.
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Dammam and Khobar taken from the International Space Station.
A recent night photo of Dammam and Khobar taken from the International Space Station.
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Iraq’s closure of remaining displacement camps sparks fear, confusion
Iraq proceeded Monday with the closure of one of its final camps for families displaced during battles with the Islamic State, residents and a local official said, leaving thousands in a scramble to find shelter. Three years after Iraq officially defeated the Islamic State, tens of thousands of civilians remain stranded in displacement camps across the country, unable to go home because they no longer have one or because familial ties to any member of the militant group leave them open to reprisals from communities it sought to destroy.
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Lucid Motors: Finally, A Strong EV SPAC Offering
Despite not yet having a vehicle in production, Lucid’s been able to secure a deal from Formula E to supply the racing series with their battery packs. As the only all-electric FIA-sanctioned world championship, the sport is currently the pinnacle of outright electric performance. The deal is expected to last through 2022, at which point Lucid will have hoped to have production up and running.
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Lockheed Overtakes Boeing as Largest US Aerospace and Defense Firm
While Lockheed — which on Tuesday reported $65.4 billion in 2020 sales — has long been the world’s largest defense contractor, revenue from Boeing’s commercial airplane business has combined with its military work to keep it atop the defense-and-aerospace category for decades.
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Saudi crown prince sparks Twitter fashion frenzy over luxury jacket
Twitter users are clearly feeling the cold. A cohort of fashion lovers on the social media platform have gone wild over a quilted gilet worn by Saudi Crown Prince Mohammed bin Salman while chairing Sunday’s board meeting of the Public Investment Fund.
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Lucid Motors Is in Talks to List Via Michael Klein SPAC
A former Citigroup Inc. rainmaker, Klein has two SPACs that are on the hunt for deals. Churchill Capital Corp IV -- the largest one, having raised more than $2 billion last year -- is the vehicle considering a deal with Lucid, some of the people said.
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Netanyahu demands full control over Israel’s Iran policy, sparking pushback
Prime Minister Benjamin Netanyahu is demanding full control of Israel's Iran policy as Joe Biden prepares to assume the Oval Office, setting off a fierce fight at the highest echelons of Israel's government, senior Israeli officials tell me.
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