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Recent stories from sustg
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King Abdulaziz Falconry Festival 2024 Concludes
- December 23,2024
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- SUSTG Team
The 2024 King Abdulaziz Falconry Festival, which featured a prize pool of more than $9.6 million, the largest in the history of the event, concluded on Thursday.
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Cruise Saudi Launches Inaugural Ship
- December 20,2024
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- SUSTG Team
AROYA Cruises’ flagship vessel, AROYA, has embarked on its inaugural journey across the Red Sea, marking a significant milestone for Cruise Saudi, a Public Investment Fund company, as it expands Saudi Arabia’s cruise tourism sector.
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World Arabic Language Day celebrated
- December 19,2024
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- SUSTG Team
World Arabic Language Day has been celebrated every year on 18 December since 2012. The date coincides with the day in 1973 that the General Assembly of the United Nations adopted Arabic as the sixth official language of the Organization.
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Noor Riyadh, world’s largest light festival, attracts 3 million
- December 18,2024
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- SUSTG Team
Noor Riyadh, the world’s largest light art festival and a flagship program of Riyadh Art, concluded its successful fourth edition, welcoming over 3 million spectators and bringing together over 60 artworks by more than 60 artists from 18 countries.
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Riyadh AI Declaration announced
- December 17,2024
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- SUSTG Team
At the open of the Internet Governance Forum (IGF) 2024, hosted by the United Nations in Riyadh, Saudi Arabia announced the Riyadh Declaration emphasizing inclusive, innovative, and impactful artificial intelligence.
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4th Red Sea Film Festival wraps; awards
- December 16,2024
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- SUSTG Team
Two juries led by Jury President Spike Lee deliberated to select winners across 14 categories. 16 feature films in competition as well as 48 films selected across New Saudi, New Cinema, Arab Shorts and International Shorts programs, were in the running for awards.
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Saudi Arabia celebrates milestone FIFA World Cup 2034 win
- December 13,2024
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- admin
Saudi Arabia and its citizens and residents came out for football-themed festivities including fireworks and drone shows that will run through December 14.
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FIFA confirms Saudi Arabia as 2034 World Cup host nation
- December 11,2024
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- SUSTG Team
Saudi Arabia has been confirmed in a virtual meeting of 200 FIFA member federations as the host of the 2034 World Cup.
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Saudi Arabia’s anti-corruption campaign matures
- December 11,2024
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- admin
With ‘International Anti-Corruption Day’ just observed on December 9th, Oumeyma Chelbi and Robert P. Beschel Jr. examine Saudi Arabia’s anti-corruption drive for the Middle East Council on Global Affairs.
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Apple to expand retail presence in KSA
- December 10,2024
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- SUSTG Team
Apple Store online will now be available in summer 2025 and Apple will begin opening the first of several flagship Apple Store locations in Saudi Arabia in 2026.
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MUST-READS
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Debt FinanceSaudi Arabia’s STC raises $1.25bn from sale of Islamic bonds
The 10-year Islamic bonds pay 3.89 per cent annual return. The US dollar-denominated sukuk sale is the first issuance of a $5 billion debt programme set up earlier this year, the company said in a bourse filing to Tadawul stock exchange, where its shares are traded.
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Christchurch Shootings:Al-Jubeir attends Christchurch memorial to honor victims of mosque attack
Saudi Minister of State for Foreign Affairs Adel Al-Jubeir attended a national memorial service in Christchurch to honor the 50 victims of the March 15 mosque terrorist attack.
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New Zealand AttacksChristchurch mosques shooting: 49 killed in New Zealand attacks
At least 49 people have been killed and 20 seriously injured after mass shootings at two mosques in the New Zealand city of Christchurch Friday, in a carefully planned and unprecedented attack that has shocked the usually peaceful nation.
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InvestcorpInvestcorp’s Alardhi: We will ‘write bigger checks’ in the US
At the end of June, Investcorp had about $22.6 billion in assets under management. The firm has previously stated that it wants to take that to $50 billion within 5 to 7 years.
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InvestcorpInvestcorp launches its first investment in China
The firm said its investment in China’s technology sector is in recognition of the country having the world’s highest number of internet users and being home to some of the fastest growing ‘unicorn’ technology companies valued at over $1 billion.
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InvestcorpInvestcorp lists second Saudi portfolio company on the Tadawul
Investcorp, a global provider and manager of alternative investment products, (the Firm) announced the successful listing of portfolio company, Leejam Sports Company (“Leejam” or the “Company”), on the Saudi Stock Exchange (Tadawul) on September 10th, 2018.
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CybersecuritySTC trains Saudis in cybersecurity
Saudi Minister of Communications and Information Technology Abdullah Al-Sawaha recently launched a cybersecurity program for beginners organized by the Saudi Telecom Company (STC), in the presence of Nasser Al-Nasser, STC Group CEO, and Abdul Aziz Al-Ruwais, governor of CITC.
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InvestcorpInvestcorp eyes businesses linked to Aramco, Saudi healthcare
The private equity and alternative asset firm, which has offices around the world, aims to more than double investments to $50 billion in five years by expanding existing businesses and through acquisitions in areas such as infrastructure. “We are going to invest in the future of Saudi Arabia,” Mohammed Mahfoodh Alardhi told Reuters in Abu Dhabi.
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InvestmentInvestcorp eyes businesses linked to Aramco, Saudi healthcare
Bahrain-listed Investcorp aims to invest in companies that support oil giant Saudi Aramco and is also eyeing healthcare and education assets being sold in Saudi Arabia’s privatization drive, its executive chairman said.
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Venture CapitalSaudi STC establishes ME’s largest venture capital fund
STV has been approved with a size of $500 million, making it the largest institutional technology venture capital fund in the Middle East.
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