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LIV Golf, PGA Tour to Merge in Surprise Development; Yasir Al-Rumayyan to Chair New Entity
- June 6,2023
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- SUSTG Team
In a surprise move, the PGA Tour and its well-funded rival, LIV Golf, have agreed to merge, ending a dispute between the two tours.
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Saudi Center for Commercial Arbitration CEO Dr. Hamed Merah joins The 966, LIV Golf in DC and much more…
- June 2,2023
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- SUSTG Team
The 966 talks about the state of business dispute resolution in Saudi Arabia with the CEO of the Saudi Center for Commercial Arbitration, Dr. Hamed Merah, who joins from Riyadh. The 966 talks with Dr. Merah about the SCCA’s rise as a leading dispute resolution body in the region and increasingly, globally. As Saudi Arabia […]
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Lucid Shares Tumble on News of $3 Billion in New Fundraising
- June 1,2023
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- SUSTG Team
Shares of Lucid Group’s stock tumbled today on news that the group is raising about $3 billion in a common stock offering, with the majority of the money coming from the electric vehicle maker’s Saudi owners, the Public Investment Fund.
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Saudi Arabia In Talks to Join BRICs Bank – Report
- May 31,2023
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- SUSTG Team
Saudi Arabia is in talks to join the New Development Bank, the lender created by the BRICS group of nations, according to a report in Bloomberg, citing a report in the Financial Times.
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Neom Green Hydrogen Company to Start Producing Hydrogen by Next Year, Company Says — Report
- May 30,2023
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- SUSTG Team
Neom Green Hydrogen Co. said it will begin producing the fuel for transportation by 2024, the head of the venture said according to Bloomberg.
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Harold Varner III Wins LIV Golf DC Tournament at Crowded Trump National in Northern Virginia
- May 29,2023
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- SUSTG Team
Harold Varner III won his first professional tournament on US soil this weekend at the LIV Golf DC event held at Trump National in Northern Virginia, beating South Africa’s Branden Grace by one shot.
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An update on the VC scene in Saudi Arabia with Eyad Albayouk, Saudis in space, Newcastle United rises and much more…
- May 26,2023
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- SUSTG Team
Episode 88! Venture capitalist Eyad Albayouk returns to The 966 to talk about the latest developments in the VC sector in Saudi Arabia as well as the closing of his new startup seed fund with Flat6Labs in Saudi Arabia. The hosts discuss with Eyad the rocky start for new funding rounds in the Kingdom after […]
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Saudi Arabia, Canada Restore Diplomatic Relations after 5 Years
- May 25,2023
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- SUSTG Team
Saudi Arabia and Canada restored diplomatic relations on Wednesday, putting an end to a five-year rift between the two nations.
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Bechtel Saudi Arabia Names Abdulrahman Al-Ghabban New VP of Infrastructure in Kingdom
- May 24,2023
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- SUSTG Team
Bechtel Saudi Arabia has named company veteran Abdul-Rahman Al-Ghabban as new Infrastructure Vice President in the Kingdom of Saudi Arabia, the company confirmed to SUSTG in a press release.
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Saudi Arabia Introduces New Work Visa, Aimed at Making it Easier for Businesses to Bring in Foreign Workers Temporarily
- May 23,2023
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- SUSTG Team
Saudi Arabia recently introduced a new work visa, known as the “Temporary Work Visa” to replace the previous “Work Visit Visa” and is designed to make it easier for businesses to bring in foreign workers for short-term assignments and should enable employers to resource their commercial activities more readily, a report highlights.
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MUST-READS
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Saudi Arabia’s Most Influential ICT Leaders Gather Online for Virtual IDC CIO Summit
International Data Corporation (IDC) last week hosted more than 200 senior ICT leaders on its industry-leading virtual platform for the 10th annual edition of its IDC Saudi Arabia CIO Summit.
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Perspective: The Nagorno-Karabakh Conflict Could Make Tehran’s Worst Nightmare Come True
Instead, this time around, Tehran has to take a back seat to Russia, Turkey, and the West as those powers shape the trajectory of the conflict. And yet, thanks to Iran’s sizable Azeri minority, at around 20 million strong, there’s a real possibility that the Armenian-Azerbaijani conflict could overflow and pose a serious risk to internal Iranian security. Tehran doesn’t want to lose in this conflict, but it holds a weak hand.
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Saudi Arabia Enacts New Localization Rules for the ICT Sector
The Decree requires companies of all kinds, not just companies whose core business is ICT-related, to employ Saudis in at least a quarter of their ICT jobs. Affected companies will have nine months to comply.
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Saudi Regulator Convicts Former Mobily Executives for Violations
Revenue figures were inflated from the second quarter of 2013 through the third of 2014, it said. The Appeal Committee for Resolution of Securities Disputes convicted the former executives for violations. It didn’t identify the executives or their roles in the company.
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Full transcript: Prince Bandar bin Sultan’s interview on Israel-Palestine conflict
Prince Bandar is Saudi Arabia’s former ambassador to the US and served as director general of the Saudi Intelligence Agency from 2012 to 2014 and the head of the National Security Council from 2005 to 2015.
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Perspective: How the Armenia-Azerbaijan conflict could ignite a Middle East flare-up
If claims of direct Turkish assistance prove correct, pressure would mount on Russia to help Armenia, which has a security agreement with Moscow. Any Russian intervention could, in turn, make it difficult for the West to remain on the sidelines. In addition, any direct involvement by Turkey leading to large-scale Armenian casualties could also pose a difficult dilemma for the West and send tensions soaring.
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Pilgrims return to Mecca as Saudi eases virus restrictions
Before visitors can enter the mosque to pray or perform the umrah, they have to apply and reserve a specific time and date through an online application to avoid crowding and maintain social distancing. Visitors can also select their means of transportation and meeting points via the app .
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Commentary: Saudi Arabia’s summit victory is good news for energy transition
When it eventually appeared, the communique was a vindication of the Saudi position. It endorsed CCE as a “a holistic, integrated, inclusive and pragmatic approach to managing emissions,” and noted that “by encompassing the broad range of pathways and options available, CCE takes into account different national circumstances, while striving to meet our shared global aspirations.”
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Perception and attitude of healthcare workers in Saudi Arabia with regard to Covid-19 pandemic and potential associated predictors
The majority of participants (72.1%) had overall concern scores of 55 or less out of a maximum score of 96 points, with an overall mean score of 48.5 ± 12.8 reflecting moderate level of concern.
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Western arms exports fuel conflict in Middle East, North Africa
Over the past five years, Western countries' exports made up the bulk of weapons delivered to the Middle East and North Africa, according to a report published this week by the Washington-based Center for International Policy (CIP). The US leads the way, with a share of nearly 50% of all arms transfers to the region, while France, the UK, Germany and Italy constitute 24%. Russia was the second-largest single arms supplier to the region, trailing behind the US with 17% of the global arms export market to the region.
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