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Middle East Regional Carriers to Spend $765 billion by 2040 on Fleet Expansion, Boeing Says
- September 19,2022
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- SUSTG Team
Carriers in the Middle East are set to expand its fleet with an additional 2,980 commercial jets in the next two decades, spending upwards of $765 billion on new planes, major supplier Boeing said on Monday in Dubai. The new planes will be required to meet the strongly recovering demand for both passenger and cargo […]
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US’ Advent Technologies signs MoU with Saudi-based Hydrogen Systems; Saudi Wants Green Hydrogen Commitment from EU
- September 16,2022
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- SUSTG Team
US-headquartered Advent Technologies has signed a Memorandum of Understanding with Riyadh-based Hydrogen Systems “to provide integrated hydrogen solutions and value-added support to industrial and renewable energy markets in the Middle East,” Zawya reports.
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Saudi Arabia’s NEOM Sets Target Date of 2026 for First Production of Green Hydrogen
- September 15,2022
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- SUSTG Team
Saudi Arabia’s giga project NEOM will start producing as much as 650 tons per day of green hydrogen in 2026, according to comments made by the CEO of NEOM Industrial City (OXAGON) at the Saudi International Iron and Steel Conference in Riyadh.
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Saudi’s SNB Capital Tops Forbes Ranking of Middle East Asset Managers; More than Half of List Based in Saudi Arabia
- September 14,2022
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- SUSTG Team
Forbes Middle East released its second annual ranking of the Middle East’s top 30 asset management companies, placing Saudi Arabia’s SNB Capital at the top of the list which is dominated by Saudi entities.
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Development on AMAALA Pushes Ahead as 300 Contracts Awarded Worth $1.6 Billion to Date
- September 12,2022
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- SUSTG Team
Saudi Arabia’s ultra-luxury tourism project AMAALA has broken ground and has $1.6 billion of contracts currently out to tender across 54 proposals, the project’s developer The Red Sea Development Company (TRSDC) revealed in a press statement.
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Saudi Arabia’s PIF Eyes a Stake in Regional Starbucks Franchise — Report
- September 9,2022
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- admin
Saudi Arabia’s Public Investment Fund is leading a consortium of investors which has emerged as the frontrunner to buy a minority stake in Kuwaiti conglomerate Alshaya Group’s Starbucks Corp. franchise, people familiar with the matter told Bloomberg.
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Saudi GDP Up 12.2% in Second Quarter, Exceeding Initial Estimate, as ‘Boom Spreads Beyond Oil’
- September 7,2022
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- SUSTG Team
Saudi Arabia’s real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, new data revealed on Wednesday, as the Kingdom continues to see growth from high oil prices that is now spreading to the private sector.
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Saudi Arabia’s New Airline ‘RIA’ Reportedly to Launch Soon with $30 Billion to Take On Regional Rivals
- September 1,2022
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- SUSTG Team
Saudi Arabia is in the final stages of launching its multi-billion-dollar new international airline, which sources say is likely to be branded “RIA,” according to an exclusive Arabian Business report.
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Iraq’s Clashes Sends Oil Higher Before Retreat
- August 30,2022
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- SUSTG Team
Oil surged to the biggest gain in six weeks before paring some of those gains after Iraq’s state marketing company said exports haven’t been affected by violent clashes in Baghdad, according to Bloomberg.
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Monsha’at Report — Number of SMEs in Saudi Arabia Grows 25.6% in 1H 2022
- August 29,2022
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- SUSTG Team
Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha’at) said the number of registered SMEs in Saudi Arabia hit 892,063 in the first half of this year, registering a 25.6 percent increase from the fourth quarter of 2021.
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MUST-READS
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Japan’s foreign minister praises partnership with Saudi Arabia during Prince Faisal talks
During a telephone conversation on Tuesday with Prince Faisal bin Farhan, Minister for Foreign Affairs of Saudi Arabia, Hayashi pledged Japan’s proactive efforts to ease tensions in the Middle East. Hayashi also stated that Japan will support Saudi Arabia’s efforts to diversify its industry through both public and private sectors under the Saudi-Japan Vision 2030 framework.
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Police thwart attempt to smuggle 1 million amphetamine pills into Saudi Arabia
Authorities arrested two nationals for attempting to distribute a large quantity of amphetamine pills in southwestern Saudi Arabia.
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Booster dose: Saudi Arabia updates Covid immunization status starting Tuesday
The countdown to updating the immunization status has begun in Saudi Arabia. Starting Feb. 1, the “Immune” vaccinated status will expire in the Tawakkalna application for anyone who is aged 18 and above and has passed eight months after taking the second dose of the COVID-19 vaccine but has not received the booster dose.
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India emerges as Saudi Arabia’s second-largest trading partner
India’s Department of Commerce found that for the current financial year (April-November), trade between the two countries was $24.9 billion, an increase of 94 percent over the same period last year. It is especially heartening to note that current trends suggest that bilateral trade will surpass pre-pandemic levels.
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Saudi Arabia and South Korea sign intellectual property partnership
“Within this arrangement, the two sides will implement a number of programs and projects that will foster an IP ecosystem through patent examination, IP information, and national IP strategies. There will also be an IP Academy program, in which invention classes will be provided to elementary school children. The program will also include developing and implementing promotional activities to encourage Saudi female inventors,” Hakami said.
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Saudi Arabia’s MDL Beast signs ‘watershed’ music licensing deal to compensate artists
MDL Beast, the company behind the annual Soundstorm festival, has partnered with music rights company Esmaa to ensure payments are made to composers and rights holders whenever their works are played at MDL Beast events and on their platforms.
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The Kingdom of Saudi Arabia will participate for the first time in history of the Winter Olympics
The Kingdom of Saudi Arabia will be participating for the first time in history in the #WinterOlympics, Princess Reema bint Bandar confirmed on Twitter. China’s Xinhua news agency announced earlier in the day that Saudi Arabian alpine skiers Salman Al Howaish and Fayik Abdi had qualified to compete in the Beijing 2022 Winter Olympic Games.
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Why the World Needs Partnership with Saudi Arabia: Saudi Arabia’s Global Humanitarian and Development Aid
This paper will shed light on the Official Development Assistance (ODA) provided by the Kingdom of Saudi Arabia (KSA) to developing countries worldwide. The KSA has contributed significantly to the well-being of many developing countries. However, for quite some time, such valuable assistance was not publicized enough in the media nor reflected in international aid platforms.
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Tata Communications, Zain partner for smart city projects in Saudi Arabia
Tata Communications IoT ecosystem will serve as one-stop-shop to provide the hardware, platform, application and insights while Zain KSA will expand the footprint with its business-to-business (B2B) offerings through joint projects related to software-defined wide area network (SD-WAN) and global contact centers, as well as the application of smart transport and Internet of Things (IoT) solutions enabling smart waste handling, smart metering and other smart city use cases.
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Aramco, AEC announce partnership focused on accelerating Saudi Arabia’s digital ecosystem
AEC, a Saudi Arabian Military Industries (SAMI) company, and Aramco said that the MoU would support efforts to enable the internet of things, computing and communication, drones, robotics, and semiconductors in Saudi Arabia.
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