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Recent stories from sustg
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Jadwa Investment: Saudi GDP to Grow 7.7% in 2022
- February 17,2022
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- SUSTG Team
Saudi Arabia’s economy will “exhibit strong levels of growth in 2022, as pandemic related uncertainty and volatility seen over the last couple of years diminishes,” according to a new report from Riyadh-based Jadwa Investment, which said that the Kingdom’s overall GDP will expand by 7.7 percent in 2022.
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Saudi Arabia Transfers 4% of Aramco Shares Valued at $80 billion to Public Investment Fund
- February 14,2022
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- SUSTG Team
Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to the Public Investment Fund as part of efforts to move forward economic diversification efforts, according to reports.
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Fitch, Moody’s Rates Public Investment Fund of Saudi Arabia ‘A’ and ‘A1’; Outlook Stable
- February 8,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has been assigned debut ratings by agencies Fitch and Moody’s, receiving an ‘A’ rating and ‘A1’ rating, respectively.
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KAPSARC’s Adam Sieminski joins The 966 to talk renewable energy and the circular carbon economy
- January 21,2022
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- SUSTG Team
The 966 welcomes a special guest for Episode 22 from Riyadh: Adam Sieminski, who just finished serving as President of KAPSARC, the leading think tank based in Saudi Arabia. Adam previously was the head of the U.S. Energy Information Agency, and was the senior director for energy and environment on the U.S. National Security Council […]
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Saudi Arabia Set to Send First Athlete to Winter Games in Beijing
- January 17,2022
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- SUSTG Team
The Kingdom of Saudi Arabia will be participating for the first time in history in the Winter Olympic Games in Beijing, China.
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The 966 Episode 21: A deep dive on the homegrown Saudi defense industry and the U.S.-Saudi security relationship with David Des Roches
- January 14,2022
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- SUSTG Team
Episode 21 of The 966 has the hosts welcoming special guest and security expert David Des Roches, Associate Professor at the National Defense University and a Non-Resident Fellow, AGSIW. Des Roches joins The 966 to discuss the status of the U.S.-Saudi security relationship and how Saudi Arabia is progressing in its efforts to develop a homegrown […]
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Episode 17: The Diriyah Art Biennale, The Red Sea Film Festival wraps, Philosophy in Saudi, and Expo Saudi 2030?
- December 17,2021
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- SUSTG Team
This week, the hosts discuss the Kingdom’s 2022 budget, the Diriyah Art Biennale ongoing now outside of Riyadh, the Red Sea film festival, a philosophical discussion in Saudi Arabia, and whether the Kingdom will host Expo 2030.
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Tadawul IPO Surges in Debut, CEO Says 50 Companies have Applied for 2022 Listing
- December 9,2021
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- SUSTG Team
Saudi Tadawul Group’s IPO raised $1 billion, with shares rising as much as 22% on Wednesday, marking the biggest exchange IPO since Euronext went public in 2014.
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Saudi Arabia Announces Two New Mega-Development Plans in a Week
- November 17,2021
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- SUSTG Team
Saudi Arabia is full steam ahead with ambitious, large-scale new developments in the Kingdom, with two new projects announced this week alone.
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Saudi Telecom to Build Region’s Largest Cloud-Enabled Data Center with $400 Million Investment
- November 15,2021
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- SUSTG Team
Saudi Telecom Co (STC), the biggest telecommunications company in the Middle East, will invest 1.5 billion riyals ($400 million) “to build the largest cloud-enabled data center in the region as the oil rich-kingdom seeks to become a center for digitalization,” Bloomberg reports, citing a spokesman for the company.
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MUST-READS
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Aramco IPOAt Saudi Aramco, Changes at the Top Point to a Coming I.P.O.
A shake-up at the top of Saudi Arabia’s state-owned oil giant, Saudi Aramco, this week is another sign that the company is moving aggressively to resume work on what would likely be the world’s largest initial public offering of stock.
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Saudi-ChinaSaudi Aramco Boosts Oil Investment In China’s Downstream
Saudi Aramco signed on Thursday an agreement with the Zhejiang Free Trade Zone in China to facilitate the acquisition of 9 percent in a local refinery and further expand its downstream presence in the world’s largest oil importer.
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Saudi Aramco IPOSaudi Aramco signs MoU with China’s Zhejiang Free Trade Zone
Oil producer Saudi Aramco signed a memorandum of understanding (MoU) with China’s Zhejiang Free Trade Zone in eastern China to expand downstream investment, the company said in a statement on Thursday.
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Aramco IPOA look at Saudi Aramco’s much anticipated, delayed IPO
As Aramco moves toward a possible IPO in the coming years, a new board chairman was named this week in an effort to put distance between the company and the government.
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Saudi AramcoSaudi Aramco moves closer to IPO with change of chairman
Saudi Arabia has taken an important step forward with its long delayed listing of oil giant Aramco, replacing the company's chairman with someone seen as more sympathetic to Crown Prince Mohammad Bin Salman's IPO ambitions.
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Aramco IPOWhat Would Aramco’s IPO Mean for Saudi Economy? Video
Khatija Haque, head of Middle East and North Africa Research at Emirates NBD, talks about the prospects for Saudi Aramco's initial public offering and the implications for the kingdom's economy.
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Saudi AramcoSaudi transport minister appointed to Aramco board
Saudi Arabia’s transport minister, Nabeel al-Amudi, was appointed to the board of state oil giant Aramco, state news agency SPA said on Tuesday.
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Saudi AramcoSaudis Replace Aramco Chair With Wealth Fund Boss Before IPO
The appointment of Al-Rumayyan, already an Aramco board member and a key adviser to powerful Crown Prince Mohammed Bin Salman, will seperate the Ministry of Energy from Aramco and avoid conflicts of interest as the company prepares for the upcoming initial public offering, according to a source familiar with the thinking behind the decision.
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Aramco IPOSaudi Aramco board sees too many risks for New York IPO
The board of Saudi Aramco has determined that listing the state energy giant in New York would carry too many legal risks to make it a realistic option, five sources said, although they said a final decision lay with Saudi Arabia’s crown prince.
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Aramco IPOPerspective: Aramco’s IPO – A Bell Weather Of Saudi Balancing Between East And West
Analysts took the invitation to Chinese institutions as a sign that Saudi Arabia was considering Hong Kong in addition to London, New York and Tokyo as possible exchanges on which to list the five percent stake in Aramco that would be on offer.
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