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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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Perspective: Ukraine conflict is not the GCC’s war
Aron Lund, a fellow with The Century Foundation, says it is unsurprising that many countries in the region wish to avoid getting caught up in the diplomatic battles over Ukraine. Arab states neither consider the conflict to be their war nor their responsibility. In an interview with Amwaj.media, he said, “They have no interest in harming their relationships with either side and this is fundamentally no different from how western nations look at faraway conflicts in which they’re not much involved.”
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Ukraine, other conflicts push forcibly displaced total over 100 million for first time
The number of people forced to flee conflict, violence, human rights violations and persecution has now crossed the staggering milestone of 100 million for the first time on record, propelled by the war in Ukraine and other deadly conflicts.
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Opinion: How Russia-Ukraine war is changing Ankara’s relationship with Moscow
Having Russia dominate the Black Sea to the north, while also maintaining a presence south of Turkey in Syria, would pose a severe threat to Ankara. The economic fallout of the war is also significant, as losses mount for Turkey in its trade with both Russia and Ukraine. The potential for a prolonged war, or a spillover of the conflict into the Black Sea, present grave concerns for Ankara.
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Perspective: The Middle East’s Indifference to Ukraine Is a Warning
For U.S. policymakers, the alarm bell should be sounding. The notion that there is widespread support for a U.S.-led, rule-based order is at the core of how the United States sees itself confronting an emerging challenge from China. Yet, for most countries in the world, including ones that have been close to the United States for decades, preserving the rule of law in Ukraine seems of little concern. They will seek to strengthen their bilateral relationship with the United States, but they have no interest in taking sides in superpower conflicts, and they feel no need to do so.
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Bahrain and Saudi Arabia get UK electronic visa waiver status
Saudi Arabia and Bahrain will join other Gulf Cooperation Council (GCC) states with electronic visa waiver status, the Home Office has announced. The move will maintain security and effective border processes ensuring necessary security checks are carried out ahead of travel whilst enabling smooth transit through the UK border for visitors.
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EU proposes Russian oil ban to make Putin ‘pay high price’ for Ukraine
Reluctance to deliver sanctions that will hurt EU economies as well as Moscow faded in recent weeks as Russia's invasion of Ukraine brought horrific images of slaughter in towns and concern about a renewed offensive in the east of the country. Reflecting widespread anger in the West at Russian President Vladimir Putin's campaign - which Moscow says is a "special military operation" to defeat dangerous nationalists - the head of the EU executive said Moscow must face consequences.
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Ukraine faces grain harvest storage crunch as exports struggle
APK-Inform said on Tuesday that Ukraine's exports could total only 45.5 million tonnes of 2021's record harvest of 86 million tonnes and grain and oilseeds stocks at the end of the current season might reach an all-time 21.3 million tonne high.
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Will Turkey’s outreach to the PUK change Iraqi Kurdish politics?
Between the two ruling parties in Iraqi Kurdistan, Turkey has warmer relations with the KDP. Ankara’s relationship with the PUK has long been strained due to the latter’s ties with the PKK, which is based on an ideological overlap, and the PUK’s need to balance the KDP’s political power.
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Number of Saudi universities rises to 22 in UK Times Higher Education’s Impact Rankings
The number of the Saudi universities jumped to 22 universities in the UK Times Higher Education (THE)’s Impact Rankings in the United Nations Sustainable Development Goals for the year 2022. As many as 3 Saudi universities were included in 2019 to increase the number of the Saudi universities to 5 universities in 2020. In 2021, the number was increased to 12 universities, and it reached 22 universities this year.
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Perspective: Russia’s war in Ukraine is making Saudi Arabia and the UAE rethink how they deal with US pressure over China
The difficulties in the relationship don’t represent temporary tendencies directly related to the Ukraine war. They predate the crisis and run deeper into the fundamental pillars of the partnership, which was built primarily on mutual trust in addition to alignment on security interests and preserving global energy market stability.
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