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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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Turkey and UAE openly flouting UN arms embargo to fuel war in Libya
Turkey and the United Arab Emirates are carrying out regular and increasingly blatant violations of the UN arms embargo on Libya, fuelling a proxy war that is evading political solutions, a joint investigation by the Guardian has found. Flight data and satellite images show both nations using large-scale military cargo planes to funnel in goods and fighters to forces or proxies inside Libya, routinely violating the 2011 UN arms embargo despite political promises to abstain.
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Saudi business leader calls for boycott of goods from ‘hostile’ Turkey
The head of Saudi Arabia’s Chambers of Commerce has called for a boycott of Turkish products amid reports from merchants that animosity between Ankara and Riyadh is hindering the flow of goods between the two regional powers. Saudi Arabia and Turkey have been at odds for some years over foreign policy and attitudes towards political Islamist groups. The murder of Saudi journalist Jamal Khashoggi in Saudi’s Istanbul consulate in 2018 escalated tensions sharply.
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UAE accuses Turkey of trying to restore ‘colonial rule’ over Arab world
Speaking at the United Nations General Assembly on Tuesday, Emirati Foreign Minister Abdullah bin Zayed said foreign powers were trying to restore "their domination and colonial rule" over the Arab world, an apparent reference to Abu Dhabi's regional foes Turkey and Iran.
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Turkey’s Erdogan calls on Armenians to stand against leadership amid clashes with Azerbaijan
Armenia on Sunday declared martial law and mobilised its male population after the clashes. Turkey has condemned Armenia for what it said were provocations against Azerbaijan.
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Turkey, Greece agree to resume talks after four years
The talks, which broke off in 2016 after 60 rounds that made little progress over 14 years, will resume in “the near future” in Istanbul, the Greek Foreign Ministry said in a statement, without elaborating.
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Bin Zayed talks with Washington to transfer US base in Turkey to UAE
The New Khaleej reported Tactical Report, a news website specialised in intelligence news, saying that Bin Zayed believes that Abu Dhabi is seeking to place its strategic interests above all other issues, including the personal relations between Bin Zayed and US President Donald Trump.
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Iran and Turkey are ‘serial infringers’ of UN weapons embargoes, Prince Turki al-Faisal says
The region will bear the brunt of the divisions among international powers over proposals to maintain restraints on Turkey and Iran, a leading Saudi Arabian statesman said. Prince Turki Al Faisal, the former Saudi Arabia ambassador to the US, told The National that UN and international action was needed to address contraventions of international law.
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Turkey to continue supporting Libya’s GNA even if al-Sarraj quits
Turkey will continue to support Libya's internationally recognised government despite Prime Minister Fayez al-Sarraj announcing last week that he planned to step down by the end of next month, according to President Recep Tayyip Erdogan's spokesman.
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NATO says Turkey, Greece agree to talks; Athens denies deal
Relations between the historic regional rivals have hit their worst point in 46 years — when their militaries briefly fought in Cyprus — after Ankara sent a research vessel, escorted by warships, in July into waters claimed by Greece and Cyprus. Turkey says it has every right to prospect there.
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Greece ratifies deal with Egypt, Turkey to hold military drills in east Mediterranean
Greece ratified an accord on maritime boundaries with Egypt on Thursday, hours after Turkey extended the operation of a seismic survey vessel in the Eastern Mediterranean and said it will hold firing exercises in the region next month.
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