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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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Captagon in the Middle East, Messi’s history with Saudi Arabia, and a conversation with Norah Ortiz, owner of Riyadh’s first authentic Mexican restaurant
- May 5,2023
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- SUSTG Team
The 966 Episode 85! The 966 hosts speak with Norah Ortiz, founder of the first authentic Mexican restaurant in Riyadh, Don Reuben’s, which is located in the Diplomatic Quarter. Ortiz tells us her story as an American born in San Diego to Mexican parents and her journey to owning and operating the first authentic Mexican […]
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Saudi Rescue Role in Sudan Continues to Draw US Praise as CENTCOM Commander Thanks Saudi Chief of Defense for Supporting the Evacuation of American Citizens
- May 2,2023
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- SUSTG Team
The commander of U.S. Central Command, Gen. Michael “Erik” Kurilla, called the Royal Saudi Chief of General Staff Gen. Fayyadh Al Ruwaili to thank him and the Kingdom of Saudi Arabia for its support in evacuating American citizens from Sudan amidst the conflict there, as Saudi Arabia continues to aid foreign nations in evacuating civilians […]
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Iran and Saudi Arabia Only Days Away from Re-Opening Embassies – Report
- May 1,2023
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- SUSTG Team
Saudi Arabia and Iran will reopen embassies in each other’s capitals “within days,” Reuters reports, citing Iranian Foreign Minister Hossein Amirabdollahian, though he did not give specific dates for each to re-open.
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President Biden thanks Saudi Arabia as Kingdom Plays Key Role in Sudan Evacuations
- April 24,2023
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- SUSTG Team
Saudi Arabia hosted more than 150 people from various nations who were evacuated from war-torn Sudan, including from the United States, according to reports.
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Kingdom Targets New ‘Underground River’ Longer than Nile to Address Water Needs
- March 30,2023
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- SUSTG Team
Saudi Arabia is planning to launch the world’s largest potable water project by digging a “river” four meters deep, 11 meters wide and 12,000 kilometers long, aimed at surpassing the Nile river, according to a local reporter and published in Arabian Business.
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US Senate confirms Michael Ratney as next US ambassador to Saudi Arabia
- March 16,2023
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- SUSTG Team
Despite being nominated by US President Joe Biden in April 2022, Michael Ratney, has just been confirmed by the US Senate as the next US ambassador to Saudi Arabia.
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MUST-READS
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Saudi AramcoSaudi Aramco chief outlines ambitious expansion goals
In a rare briefing for reporters at Aramco’s headquarters in Dhahran, Amin Nasser, who took over as the head of Aramco last autumn, said the company plans to grow both domestically and abroad as it seeks to become a more balanced and integrated organisation ahead of plans to offer some shares publicly to investors.
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Saudi Aramco IPOSaudi Aramco plans IPO in three markets: Video
CNBC's Hadley Gamble discusses reports that the Saudi Arabian oil company is planning to list in London, Hong Kong and New York.
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Saudi Aramco IPO8 Things You Need To Know About Saudi Aramco’s IPO
As far back as the 1950s, the Saudis have shown a deep understanding of foreign financial procedures and tax structures—oftentimes better even than the Western companies with which they were negotiating—because it was in their interests.
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Aramco IPOAramco’s Al-Falih Named Chairman of Saudi Mining Company Maaden
Al-Falih, who is also Aramco chairman and the country’s health minister, was among four new board members named by the PIF, along with prominent Saudi businesswoman Lubna Al Olayan, the mining company, also known as Maaden, said in a statement to the local bourse.
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Saudi Aramco IPOEverything You Need to Know About the Saudi Aramco IPO
Conservatively, using an industry standard of $10 per barrel would itself imply a valuation of $2.6 trillion for Saudi Aramco. However, oil and gas companies rarely get valued purely on the basis of their reserves alone.
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Saudi AramcoSaudi Aramco sets financing plans for industrial push
Comments by top Aramco officials over the past few months indicate the company sees itself not just as a big investor, but as an agent for moving the economy beyond dependence on oil.
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Saudi Oil PolicyAramco Said to Expand Oil Field to Maintain Saudi Capacity
Aramco could produce 11.5 million barrels a day immediately and go to 12.5 million in six to nine months “if we wanted to,” said the prince, who is also chairman of Aramco’s Supreme Council.
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Saudi Aramco IPOSaudi Arabia Said to Pick JPMorgan, Klein for Aramco IPO: Video
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, have been selected to advise on state-owned Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the matter.
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RefiningSaudi’s Yanbu Aramco Sinopec Refining secures $4.7bn loan
The loan has been secured from a syndicate of 26 local, regional and international financial institutions.
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Saudi AramcoSaudi Aramco to award contracts to local and foreign private sector companies
Local and foreign private sector companies will have products and services contracts worth $124.7bn (SAR468bn) from Saudi Aramco in the next 5 years, Al Riyadh daily reported.
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