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Saudi Central Bank Study: Digital Payments Exceed Cash for First Time in Saudi Arabia
- August 15,2022
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- SUSTG Team
Electronic payments exceeded the use of cash for the first time in Saudi Arabia in 2021, a study conducted by Saudi Arabia’s Central Bank found.
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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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MUST-READS
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Iran Nuclear AgreementMacron predicts Trump will exit the Iran deal
French President Emmanuel Macron believes President Donald Trump will withdraw the US from the Iran nuclear deal next month “on his own for domestic reasons,” he said on Wednesday.
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Global ArmsOpinion: Our Global Arms Addiction Must End – U.N. Disarmament Chief
Sixty-five years ago, U.S. President Dwight D. Eisenhower lamented the hidden human costs of the Cold War arms race: “Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.”
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Syria Allied StrikeCommentary: An illusory victory: Was “mission accomplished” in Syria?
The attack itself was quite limited, and an analysis of other paths not taken indicates that better options—to accomplish the intended goal of preventing the further use of chemical weapons, as well as sending a stronger message—were likely available.
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DronesSaudi Arabia enforces new law after unauthorized drone shot down in restricted area
Saudi Arabia's Interior Ministry said on Sunday that drone-flying enthusiasts must obtain permission to fly the devices until regulations were finalized.
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Saudi StudentsMinnesota Man Convicted in Death of Saudi Arabian Student
A Wisconsin jury has convicted a Minneapolis man with a string of domestic violence convictions of battery in the death of a student from Saudi Arabia, but acquitted him on a more serious murder charge.
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AfghanistanAfghan mission releases district-level assessments
The Taliban currently controls 38 districts, contests 150, and claims to control two more. This accounts for 46.5 percent of Afghanistan’s 407 districts.
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Iran in the RegionAnalysis: The Fruits of Iran’s Victory in Syria
Syria's civil war has many losers, but Iran is not one of them. Tehran backed its ally in Damascus to the hilt from the start of the civil war, and its ally survived in large part because of Iran's aid.
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Russia in the RegionSyria: what is ‘deconfliction’ and what form might US strikes take?
The term refers to attempts to avoid misunderstandings and potential direct clashes between Russia and the west in Syria, where for years Russia has been targeting Syrian opposition forces, and western coalition planes have been operating largely against Islamic State targets.
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ICTValue at stake from Saudi and its ICT laws are huge
“With head-spinning sums in play, the stakes couldn’t be higher. The future markets of tech companies in EMEA reside in emerging markets like Saudi Arabia, while Western tech markets have become increasingly hostile to tech companies, they are welcomed in Saudi Arabia where it is clear who is in charge,” said Sam Blatteis, CEO of regional public policy advisory and research firm The Mena Catalysts and ex-Google Head of Government Affairs and Public Policy for Gulf Countries.
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TourismSaudi Arabia To Start Offering Tourist Visas, Opening Up Traditionally Restrictive Country
Saudi Arabia has allowed millions of Muslims to visit on religious pilgrimages but now it plans to open its doors to others by starting to offer tourist visas.
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