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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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OPEC Continues to Forecast Robust Global Oil Demand Growth in 2022 and 2023
- September 13,2022
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- SUSTG Team
In its latest monthly report, OPEC stuck to its forecasts for robust global oil demand growth in 2022 and 2023, citing signs that major economies were faring better than expected despite global headwinds such as surging inflation, Reuters reports.
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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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Ministry of Industry and Mineral Resources Awards License for Khnaighuiyah Mining Site
- September 8,2022
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- SUSTG Team
Saudi Arabia’s Ministry of Industry and Mineral Resources said on Wednesday that it had awarded a license to mine at the Kingdom’s prized Khnaighuiyah mining site, where zinc and copper deposits are estimated around 26 million tons, Reuters reports.
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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 PIF Launches Real Estate Registration Services Company in Effort to Digitize Sector
- September 6,2022
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, has launched a company that aims to digitize and develop the local real estate sector through a comprehensive digital platform, according to a report in the UAE-based outlet The National.
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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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Aviation Plans Set to be Revealed at Saudi Arabia’s Future Airport Development Summit Set for November in Riyadh
- August 31,2022
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- SUSTG Team
Saudi Arabia is set to launch a new event, the Saudi Airport Exhibition, which organizers are billing as the largest dedicated event for airport development in Saudi Arabia.
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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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MUST-READS
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U.S.-TurkeyFriction with US may affect Turkey’s trajectory in NATO
Brunson has been suddenly granted a transfer to house arrest in a surprise reversal, but the damage had already been done. According to Aviation Week's Pentagon editor, Lee Hudson, Brunson's treatment has caused the United States to re-evaluate all military sales to Turkey, not just Lockheed Martin's F-35s.
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Madain SalehMadain Saleh: Pictured thru the writer’s eye
The Kingdom brings to mind images of undulating sand dunes and herds of camels. But traveling to the northwest corner of Saudi Arabia, we arrived in a lush date-palm oasis, surrounded by tall cliffs. Al-Ula county covers nearly 9,000 square miles. It is about the same size as New Jersey.
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JusticeSaudi Arabia executes 5 convicted of killing Pakistani man
Saudia Arabia says it has executed five men, including two Saudis, convicted for the robbery and murder of a Pakistani warehouse guard in the western city of Jeddah.
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WeatherSystem launched to help predict, plan for heavy rain in Saudi Arabia
The Ministry of Municipal and Rural Affairs has launched a system to help predict and plan for heavy rain and flooding across the Kingdom
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United NationsUN: 1 in 4 children live in country of conflict or disaster
A quarter of the world’s children — about 535 million — are living in a country affected by conflict or disaster, the head of the UN children’s agency said Monday.
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Oil PricesOil likely to jump 10 percent into $80s a barrel, Tom Kloza predicts
The Oil Price Information Service's Tom Kloza recently estimated that prices could surge another 10 percent this summer — a rally that could hit consumers at the gas pumps.
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EU Migrant PolicyEU leaders hail summit victory on migration but details scant
European leaders have papered over the divisions on migration with a promise that some EU countries would take in migrants rescued from the Mediterranean sea, after marathon talks at an EU summit lasting nearly 10 hours.
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TurkeyPerspective: Erdogan’s victory will have far-reaching implications for Turkey and the Middle East
Erdogan wins elections with an Islamo-nationalistic populism that is a cross between Trump and Putin.
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TurkeyTurkey’s Erdogan wins sweeping new powers after election victory
Turkish President Tayyip Erdogan won sweeping new executive powers on Monday after his victory in landmark elections that also saw his Islamist-rooted AK Party and its nationalist allies secure a majority in parliament.
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Saudi RadioSaudi Arabia Puts Radio to Work in Yemen Conflict
The station’s audience is the Saudi military deployed in the country’s southern border provinces of Jizan and Najran, according to Saudi media reports.
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