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Recent stories from sustg
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Will Saudi Spending Cutbacks Slow the Kingdom’s Push for Middle Class Home Ownership?
- October 26,2016
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- SUSTG Team
The local director of real estate services firm Jones Lang LaSalle (JLL) said Saudi Arabia’s state spending cuts will pressure people’s ability to buy their own homes and could push housing prices in some segments down by nearly a third, according to a report in Reuters. A reduction in subsidies available to government employees and […]
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Saudi Arabia combats desertification while also reforesting coasts
- July 24,2024
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- SUSTG Team
The National Center for Vegetation Cover Development and Combating Desertification (NCVC) of Saudi Arabia was established in 2014 by the Council of Ministers to manage and invest in the country’s vegetation cover and combat desertification.
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
- March 11,2024
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- SUSTG Team
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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Israel, Gaza, and a region with shifting power dynamics with columnist Hussein Ibish
- March 4,2024
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- SUSTG Team
In Episode 125, the hosts welcome veteran columnist and analyst Hussein Ibish onto The 966 for his third appearance on the program to unpack the implications of Israel’s brutal war in Gaza and the shifting regional and global power dynamics since October 7th.
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Dr. Basma Al-Buhairan, from Saudi Arabia’s C4IR and the Saudi RDIA, talks tech development, transformation in KSA with The 966
- December 15,2023
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- SUSTG Team
In Episode 115, The 966 hosts are back in their normal seats and with a special guest, Dr. Basma Al-Buhairan, Managing Director for the Center for the Fourth Industrial Revolution (C4IR), who joins The 966 to talk about tech adoption and the Center’s role in enabling Vision 2030’s success.
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More on Saudi-Israel normalization reports, Lucid’s future, and Kuwait University’s Bader Al-Saif joins The 966
- August 11,2023
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- SUSTG Team
Episode 98! Dr. Bader Al-Saif, founding President at Al-Saif Consulting and Assistant Professor at Kuwait University joins The 966 to talk about Saudi Arabia as an emerging economic and diplomatic power in a changing region. Al-Saif is also a visiting researcher at Georgetown University, where he completed his PHD in history, and a non-resident fellow […]
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PIF Announces Establishment of a Female-Centered Health and Well-Being Company, the Kayanee Company, with Princess Reema Bint Bandar as its Leader
- August 7,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced on Monday the establishment of a female-centered health and well-being company with Princess Reema bint Bandar as its head, the Saudi Press Agency (SPA) reported.
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PIF Announces Establishment of Sawani Company to Enable Growth of Camel Farming Industry
- July 20,2023
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- SUSTG Team
The Public Investment Fund (PIF) of Saudi Arabia announced the establishment of Sawani Company “to enable the growth of the Saudi camel farming industry and actively contribute to its sustainable development,” the fund said in a press release.
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Aston Martin Ties with Lucid for EV Partnership
- June 26,2023
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- SUSTG Team
Aston Martin Lagonda Global Holdings Plc., maker of the Aston Martin brand of cars, is tying up with Lucid Group Inc. on electric vehicle technology, uniting the British carmaker and relative automotive newcomer both backed by Saudi Arabia’s sovereign wealth fund, according to Bloomberg.
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Global HVAC and smart home leader Johnson Controls Arabia CEO Dr. Mohanad Alshaikh joins The 966
- June 16,2023
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- SUSTG Team
The 966 speaks with Dr. Mohanad AlSheikh, CEO of Johnson Controls Arabia, a leading player in Saudi Arabia and the MENA region’s growing HVAC and smart building market. The 966 hosts ask Dr. Mohanad about the growing business opportunities in the HVAC and smart buildings space in the Kingdom and the wider region, the company’s […]
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MUST-READS
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Amendments to Saudi Labor Law
With wide labor market input, and extensive benchmarking studies of other countries' labor laws and global practices, the Amendments aim to further align with Saudi Arabia's Vision 2030 by creating a more attractive work environment for employees; enhancing job security; protecting both parties' rights; developing human capital; and promoting training opportunities, among others.
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Shoura Council welcomes 19 new female members
Among the 150 members, 30 are women, with 19 of them serving their first term in the council. This diverse group of newly appointed female members includes distinguished experts such as Dr. Arwa Al Rashid, Dr. Ishraq Rafaei, Dr. Amal Qattan, Dr. Amal Al-Hazani, Dr. Bushra Al-Hamad, and Dr. Taqwa Omar. Their inclusion reflects the growing recognition of women's expertise and leadership potential within the council.
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Saudi PMI rises to 54.8 points in August
According to the PMI, job creation was a notable feature of this expansionary trend, with employment numbers rising at some of the highest rates seen in a decade. Purchasing activity and inventory levels also increased due to stronger company expectations, accompanied by a slight rise in new order growth.
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Tamara secures preliminary approval from SAMA for consumer finance license
Tamara, the leading fintech platform in Saudi Arabia and the GCC, is thrilled to announce that it has received preliminary approval from the Saudi Central Bank (SAMA) for a license to operate in consumer finance and Buy Now Pay Later activities. This significant milestone underscores Tamara's commitment to advancing the fintech sector and enhancing financial services in the region.
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Saudi Wealth Fund Taps Bond Market for Fourth Time This Year
Saudi Arabia’s sovereign wealth fund tapped bond investors for the fourth time this year as it looks to finance its huge domestic investment plans. The Public Investment Fund sold a three-year sukuk in a $1.5 billion size, according to people familiar with the matter. The spread was tightened to 75 basis points over US Treasuries from an initial target of around 110 basis points. Demand was over $4.7 billion, the people said.
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Heavy rain hit the city of Jeddah in Saudi Arabia: Video
The heavy rain in Jeddah, Saudi Arabia, had a negative impact on life. There were floods on some roads due to rainfall.
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SparkLabs launches $50 million fund for Saudi AIM-X accelerator
Global early-stage venture capital firm SparkLabs Group has launched the SparkLabs AIM AI Fund with confirmed investment of $50 million, which will invest in participants in the AIM-X artificial intelligence startup programme. SparkLabs unveiled AIM-X in June, as the official AI startup programme under Saudi Arabia’s Artificial Intelligence Mission (AI.M), which aims to bolster the Kingdom's leadership in AI over the next five years. Originally announced at LEAP24 in March, AI.M was created by Saudi’s Ministry of Communications and Information Technology's National Technology Development Program (NTDP), King Abdullah University of Science and Technology (KAUST), and Saudi Data & Artificial Intelligence Authority (SDAIA).
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UAE bets big on green hydrogen, eyes global clean energy leadership, ministry official says
The UAE launched its National Hydrogen Strategy 2050 last year with the aim to become a top global hydrogen producer by 2031. The Gulf country plans to use its natural resources and energy infrastructure to build a hydrogen value chain, focusing on domestic demand and exports. By 2050, the UAE forecasts its hydrogen sectoral demand could grow fivefold to around 10.1 million tonnes per annum, supporting the country’s broader clean energy and net-zero emissions targets.
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Cristiano Ronaldo: ‘I recommend the world’ to visit Saudi Arabia’s Red Sea
“If you have to mention one romantic place – a place to be with my whole family – I will say that from some places that I visited this year, which surprised me a lot and we enjoyed so much is the Red Sea.” Ronaldo, who has visited numerous destinations worldwide, was particularly impressed by his recent trip to the Red Sea. “I recommend for all the world to visit this amazing place,” he said.
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How Telegram became the ‘center of gravity’ for a new breed of domestic terrorists
Late last month, Telegram burst into the news with another arrest related to alleged criminal activity on the giant messaging and social media platform. This time, the man in police custody was the company’s founder, Pavel Durov. French authorities detained the Russian-born billionaire after his plane touched down at an airport a few miles north of Paris.
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