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Saudi Arabia’s Stock Market Revamps Corporate Structure Ahead of Highly-Anticipated IPO
- April 7,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, has announced a revamped corporate structure as it prepares for a much anticipated IPO, converting to a holding company called the Saudi Tadawul Group, according to reports. The change was announced by the Tadawul Group CEO Khalid al-Hussan said on Wednesday.
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Jadwa Investment Launches $266m Fund to Invest in Riyadh’s Real Estate Market
- April 6,2021
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- SUSTG Team
Saudi Arabia’s Jadwa Investment has reportedly launched a $266m fund to invest in Riyadh’s real estate market, hoping to develop more than 1,500 residential units through several apartment complexes, targeting mid- to high-income households, the UAE-based The National reports.
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Photos Show Riyadh’s New Metro System, Set to Begin Operation This Year
- April 5,2021
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- SUSTG Team
New photos from the AFP published in Gulf News show Riyadh’s forthcoming new metro rail, set to connect the city long plagued by significant traffic woes and enable citizens to get around between the city’s districts.
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Vice Media Group to Partner with SRMG, Open Office in New Trendy Arts and Culture District in Riyadh
- April 2,2021
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- SUSTG Team
Edgy global media brand VICE Media Group today unveiled the expansion of its commercial operations into Riyadh with the launch of a new local office and partnership with top Saudi media brand, the Saudi Research and Marketing Group (SRMG).
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Could Saudi Arabia’s Recycling Sector Be Worth More than $18bn?
- April 1,2021
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- SUSTG Team
The CEO of Saudi Arabia’s biggest waste company, Saudi Investment Recycling Company (SIRC), said that the Kingdom’s recycling market size could reach $18 billion as the sector remains underdeveloped, according to a report Arab News.
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‘Red Sea Rainforests’: Astronaut Captures Striking View of Saudi Arabia’s Northwest Coastline from Space Station
- March 30,2021
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- SUSTG Team
An astronaut captured a striking view of the northwest coastline of Saudi Arabia, showing the extent of a coral reef where Saudi Arabia hopes to boost sustainable tourism and where up to 260 reef species thrive, according to a post the NASA Earth Observatory blog.
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Saudi Crown Prince Announces Two Massive Green Initiatives to Fight Climate Change
- March 29,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched two initiatives over the weekend to make Saudi Arabia a significant contributor in the global fight against climate change, the Saudi Press Agency reports.
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Saudi Arabia’s Stock Market Amends Rules, Allows All Qualified Investors to Sell Short
- March 26,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, Tadawul, has widened access to short-selling and stock-lending, while tightening some other rules as of March 25, according to a report in Arab News.
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New Whitepaper Examines the State of Recycling, Waste Management in Saudi Arabia, UAE
- March 22,2021
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- SUSTG Team
A new whitepaper released online from the UK-based publication The Economist Intelligence Unit examines the state of waste management and recycling in Saudi Arabia and the UAE. The whitepaper, entitled Towards zero: Rethinking recycling in Saudi Arabia and the UAE, examines the state of waste management in Saudi Arabia and the UAE and identifies priorities for accelerating […]
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Yemen’s Iran-Backed Houthis Launch Another Drone Attack on Saudi Aramco Facilities in Riyadh
- March 19,2021
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- SUSTG Team
Yemen’s Iran-aligned Houthi group on Friday said it conducted yet another attack on a Saudi Aramco facility in Riyadh, in an attack comprising six armed drones, Reuters and the Saudi Press Agency report.
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MUST-READS
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Saudis AbroadBillionaires Row Mansion at Center of Saudi Royalty Spat
The ownership of Kenstead Hall in the Highgate neighborhood near Hampstead Heath was unlawfully transferred to King Fahd’s widow Al Jawhara bint Ibrahim Al Ibrahim from the Asturion Foundation in 2011, according to lawyers representing the family trust in court documents filed at a London court.
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AfghanistanU.S. troops dispatched to Kunduz to help Afghan forces
Special forces from the U.S.-led coalition in Afghanistan fought Taliban militants early Wednesday after being dispatched to the northern city of Kunduz to help Afghan forces re-take it from insurgents who seized it earlier this week, a coalition spokesman said.
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ISIS Suspect KilledSaudi Authorities Kill An Islamic State Suspect, SPA Reports
Saudi authorities shot dead an Islamic State suspect and arrested his brother after they killed several people, including a soldier, the state-run Saudi Press Agency reported, citing the Interior Ministry.
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Saudi Oil PolicyAnalysis: Saudi’s dwindling spare capacity raises risk of oil price shock
The assumption is based on fresh estimates for Saudi Arabia's spare capacity — the volume of production that can be brought on by the Kingdom within 30 days and sustained for at least 90 days.
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AfghanistanPerspective: Kabul’s Mood Turns Toward Despair
A combination of factors has contributed to this sentiment. A spike in insurgent violence and the drawdown of Western forces are obvious. A corollary of the drawdown has been that thousands of foreign workers have left Afghanistan, creating an economic vacuum that has left many local businesses scrambling.
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SpaceX in KSASpaceX gets more contracts from Saudi Arabia, Spain
The company will use its Falcon Heavy rocket to launch the Saudi Arabian Arabsat 6A communications satellite, while providing its less powerful Falcon 9 rocket to launch a communications satellite for HISPASAT.
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Khobar BombingSaudi Arabia holding main suspect in 1996 Khobar bombing: newspaper
The main suspect in the 1996 bombing of the Khobar Towers residence at a U.S. military base in Saudi Arabia has been captured after nearly 20 years on the run, a Saudi-owned newspaper reported on Wednesday.
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WomenViral video sparks concern in Saudi over harassment of women
In that video, the women are riding a quad bike on the promenade as the young men watch. One of the women tosses toward the men an "agal," the black rope worn by Saudi men over their traditional checkered head cloths. The young men break out in laughter and hooting at the gesture.
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Office SpaceSaudi cities seeing rising demand for office space
Year-on-year, office take-up continued to increase in Riyadh and Jeddah. In both cases however, higher levels of demand were offset by new office completions.
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Viral VideosSaudi arrests one man after harassment video sparks probe
Police in the Saudi city of Jeddah arrested on Sunday one man suspected of harassing two girls on the city’s Corniche after a video of a group of teenagers and young boys collectively harassing the two women was circulated on social media.
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