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The music industry in Saudi Arabia and more with Ahmed Shawly and Mostafa Fahmy from Jeddah’s ‘Wall of Sound’ Record Label
- August 12,2022
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- SUSTG Team
Episode 56! The 966 welcomes Ahmed Shawly and Mostafa Fahmy from the Jeddah-based Wall of Sound record label and recording studio to talk about the young and growing music industry in Saudi Arabia, their entrepreneurial journey building the business from the ground up in a new industry with a blend of established and new, indie […]
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Saudi Arabia Announces New Permit Requirement for Content Creators, Social Media Influencers
- August 11,2022
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- SUSTG Team
Saudi Arabia will require all social media users and content creators who are monetizing their posts and stories to apply for and receive a permit from the Kingdom’s General Commission for Audiovisual Media (GCAM), a report in Arab News said.
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Saudi Technology Ventures Report Sees 45 New MENA Unicorns in the Next Eight Years
- August 10,2022
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- SUSTG Team
The MENA region is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more than $100 billion, according to a new Saudi Technology Ventures (STV) report.
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Saudi Arabia Expected to Join $1 Trillion+ Economies in 2022
- August 9,2022
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- SUSTG Team
Saudi Arabia’s economy is expected to cross the $1 trillion mark, joining the largest economies in the world as the Kingdom’s GDP is expected to soar in 2022 on the back of high oil prices.
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Saudi Ministry of Investment Releases Q2 Investment Highlights Report; 49 Closed Investment Deals Worth More Than $925m Inked
- August 8,2022
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- SUSTG Team
Saudi Arabia’s Ministry of Investment (MISA) released its 2Q 2022 Investment Highlights report, which touts over $925 million in investment deals in the second quarter of this year.
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Knight Frank’s Faisal Durrani on real estate trends in Saudi Arabia, the Saudi economy has a big 2Q, and more…
- August 5,2022
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- SUSTG Team
Episode 55! The 966 welcomes Faisal Durrani, Partner and Head of Middle East Research at Knight Frank, the London-based global real estate consultancy. Knight Frank just released two reports on Saudi Arabia’s commercial and residential real estate sectors, providing unique insights into one of the world’s fastest growing real estate markets. Faisal joins The 966 […]
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Report: Saudi, UAE Save Remaining Spare Capacity for Potential Winter Supply Crisis
- August 4,2022
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- SUSTG Team
According to a report in Reuters, OPEC+ production leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output “should the world face a severe supply crisis this winter,” sources familiar with the thinking of the top Gulf exporters told Reuters in an exclusive report.
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OPEC, Allies Agree to Increase in Oil Production
- August 3,2022
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- SUSTG Team
Saudi Arabia and the OPEC+ group of oil-producing countries agreed to a small increase of 100,000 bpd in oil production on Wednesday after the U.S. and other consuming nations called for more crude in the market, according to reports.
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Saudi Arabia’s Economy Expanded 11.8% in the Second Quarter; Non-Oil PMI Rises to 8-Month High — Jadwa Investment
- August 2,2022
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- SUSTG Team
Saudi Arabia’s economy expanded 11.8% in the second quarter of 2022, Bloomberg reports, maintaining the fastest pace of growth since 2011 as oil prices boost the Kingdom’s economy. Beyond oil, however, Saudi Arabia is seeing positive signs in the non-oil economy as the Kingdom continues apace with economic reforms as part of the Kingdom’s Vision 2030.
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Saudi Arabia Eyes Hosting of 2026 Women’s Asian Cup
- August 1,2022
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- SUSTG Team
Saudi Arabia has joined Australia, Jordan and Uzbekistan as nations who have expressed interest in hosting the 2026 Women’s Asian Cup, the Asian Football Confederation (AFC) said on Monday as reported in Reuters.
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Saudi King Salman holds cabinet meeting virtually from hospital: SPA
On Monday Saudi Arabia’s 84-year-old ruler was admitted to hospital in the capital Riyadh, suffering from inflammation of the gall bladder, state news agency SPA said.
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Qatar Airways seeks $5 billion compensation from Arab bloc over airspace ban
Qatar Airways said the measures specifically targeted the airline and aimed to close its operations in the four countries, destroying the value of its investments and causing damage to its global operations.
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Perspective: R&D potential could be key to spark Saudi economy
The impact of COVID-19 and low oil prices has led to even further expected declines in Saudi Arabia's gross domestic product, but research and development could hold the key to an economic reset.
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Demand for office space to remain intact in the UAE and Saudi Arabia, CBRE says
Demand for office space in the Arab world’s two biggest economies – Saudi Arabia and the UAE – will remain intact despite expectations of major changes to the workplace caused by the Covid-19 pandemic. There is a belief in the market that uncertainty and weak economic conditions will cause businesses to take up less office space as many employees opt to continue working from home.
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Saudi Arabia and U.A.E. Have Entered Their Own Space Race
The two Gulf kingdoms have made space part of far-reaching plans to modernize and diversify their economies. Their moves in this direction, though, haven’t prevented persistent accusations of human-rights abuses at home and criticism of their ongoing involvement in Yemen’s civil war. The question, for many, is whether there’s real substance to the drive for space, or if it’s intended mostly to revise global perceptions.
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‘Champions’ Saudi Arabia Remake Sparks Vox, Shahid, Latido Deals
Some 90 film professionals from Saudi Arabia, Spain, Lebanon and Egypt were busy filming the Saudi remake of “Campeones” in Jeddah, Saudi Arabia for some seven weeks when the COVID-19 pandemic struck, forcing the production to shut down on March 17. “We had only two scenes to go,” said “Champions” producer Andres Vicente Gomez of LolaFilms.
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Saudi downturn deepens Yemen’s economic despair
Analysts anticipate the Yemeni rial will weaken substantially this year as a $2 billion central bank deposit from Saudi Arabia in 2018 is nearly exhausted, a scenario that will diminish purchasing power and leave millions unable to afford basic food staples.
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Saudi Arabia’s ‘Okaz’, a 60-year-young newspaper
Having worked as a journalist for more than 50 years, Othman Al Omeir is certainly not short of stories. The list of his interview subjects, as the editor of several Arabic newspapers and founder of Elaph.com, is a who’s who of the modern age. He has quizzed everyone — from Mikhail Gorbachev to George Bush Senior, from Margaret Thatcher to John Major.
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How mobile data consumption can spark Saudi recovery
Growth will, however, resume in 2021 and remain healthy during the 2021-2025 forecast period, supported by higher mobile data consumption, 5G adoption, telcos’ focus on prepaid to postpaid migration, and growth in cellular M2M/IoT.
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Saudi Space Commission gets UN listing
Dr. Al-Sheikh also said that the Commission has completed the preparation of the national space strategy and the Space Regulation draft as well as a study to establish the Saudi Space Company and they have been submitted for review and approval.
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