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Recent stories from sustg
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Saudi Technology Ventures Report Sees 45 New MENA Unicorns in the Next Eight Years
- August 10,2022
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- SUSTG Team
The MENA region is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more than $100 billion, according to a new Saudi Technology Ventures (STV) report.
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Saudi Ministry of Investment Releases Q2 Investment Highlights Report; 49 Closed Investment Deals Worth More Than $925m Inked
- August 8,2022
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- SUSTG Team
Saudi Arabia’s Ministry of Investment (MISA) released its 2Q 2022 Investment Highlights report, which touts over $925 million in investment deals in the second quarter of this year.
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Eyad Albayouk from Flat6Labs talks Saudi VC and KSA’s startup ecosystem, reacting to the unveiling of The Line at NEOM and more
- July 29,2022
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- SUSTG Team
Episode 54! The 966 talks with Eyad Albayouk from the VC firm Flat6Labs KSA. Eyad chats with us about Saudi Arabia’s growing startup ecosystem and entrepreneurship in the Kingdom, and the state of Saudi VC in 2022 as the Kingdom ramps up Vision 2030 execution. Before the interview, the hosts discuss the recently announced megaproject, […]
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Saudi Oil Exports Jump 106% Year-on-Year to Over $30 Billion in May 2022; US Sees Room for More Saudi, UAE Production
- July 28,2022
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- SUSTG Team
Saudi Arabia’s oil exports jumped 106 percent, reaching SR116 billion ($30 billion) during the month of May 2022 while compared to the same period last year, according to the latest report published by the General Authority for Statistics (GASTAT), released on Monday.
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Report: Saudi Arabia Plans Air Cargo Roadshows to Boost Distribution, Logistics Sector
- July 20,2022
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- SUSTG Team
Saudi Arabia plans to stage a number of roadshows in the next 12 to 18 months “as it seeks to persuade the likes of Amazon.com Inc., Alibaba Group Holding Ltd. and Deutsche Post AG’s DHL to help scale up air-cargo and distribution operations,” Bloomberg reports.
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Saudi Arabia’s King Salman Allocates $5.3 Billion in Inflation Relief Aid
- July 7,2022
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- SUSTG Team
Saudi King Salman bin Abdulaziz Al Saud issued a royal decree this week ordering the allocation of SR20 billion ($5.33 billion) in financial support to tackle the effects of the rising global prices and inflation.
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United Nations Recognizes Saudi Arabia’s Tawakkalna App with Public Service Award for 2022
- June 28,2022
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- SUSTG Team
Saudi Arabia’s game-changing Tawakkalna app has been awarded the United Nations Public Service Award 2022 for institutional resilience and innovative responses to the COVID-19 pandemic, Arab News and the Saudi Press Agency reported. The award was given to Dr. Abdullah bin Sharaf Alghamdi, President of the Saudi Data and AI Authority (SDAIA), at an annual forum that recognizes distinguished […]
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New Report Places Saudi Arabia at Seventh Most Competitive Economy Among G20 Countries
- June 15,2022
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- SUSTG Team
A new report published by the Switzerland-based International Institute for Management Development (IMD) said that Saudi Arabia ranked as the seventh most competitive economy among G20 countries in the organization’s publication, the World Competitiveness Yearbook 2022.
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A conversation with Mark Thompson and Neil Quilliam on their new book on Saudi Arabia, reacting to the latest with LIV Golf, and more
- June 10,2022
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- SUSTG Team
In episode 47, the hosts welcome on Dr. Mark Thompson and Dr. Neil Quilliam, authors of a new book on Saudi Arabia’s governance and policymaking, for a fascinating discussion on how decision-making is changing and evolving at all levels in Saudi Arabia as Vision 2030 continues apace.
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President Biden Praises ‘Courageous Leadership’ in Saudi Arabia over Yemen Truce; Plans June Visit
- June 2,2022
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- SUSTG Team
President Joe Biden praised Saudi Arabia’s “courageous leadership” on brokering and then leading the way to extend a U.N.-brokered ceasefire on Thursday between Yemen’s warring parties, according to reports. The comments come as President Biden reportedly is likely to visit the Kingdom this month.
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MUST-READS
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Aramco IPOSaudi Aramco chief tells Al Arabiya: IPO will not include oil reserves
Saudi Aramco Chairman Khalid al-Falih has told Al Arabiya News Channel that an initial public offering of the world's largest oil firm could be on the local or international markets but would not include Saudi oil reserves.
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Saudi Oil PolicySaudi wants balanced market, not end to shale oil: Aramco’s Falih
Saudi Arabia, the world's largest oil exporter, does not want an end to shale oil but a balanced oil market where all producers play a stabilizing role, the chairman of state oil giant Saudi Aramco said in a television interview.
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Saudi-ChinaSaudi Aramco in advanced talks to buy China refinery stakes, chairman says
Aramco and Sinopec on Tuesday signed a framework agreement for strategic cooperation. The agreement was one of 14 deals and memoranda of understanding signed between Saudi Arabia and China on the first day of a state visit by Chinese President Xi Jinping to Riyadh.
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Aramco IPOHow Would an Aramco IPO Benefit Saudi Arabia?: Video
Masood Ahmed, director of the IMF's Middle East and Central Asia Department, discusses the impact of the oil glut on global markets.
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Oil ExportsPrivatization of Saudi Aramco: A Path to Good Governance?
Saudi citizens would not begrudge proper salaries for the princes and princesses who work in the various ministries and the numerous princes in the security services and armed forces. On the other hand, the public may object strongly to stipends paid to the many princes and princesses not directly employed by the state or stipends paid in addition to their normal salaries as civil servants.
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Aramco IPOSaudi Aramco and the $10tn mystery at the heart of the Gulf state
Saudi wealth – whether in downtown Riyadh or Knightsbridge – is highly conspicuous. And they have the colossal Saudi Aramco oil corporation to thank for it.
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Saudi AramcoWhat’s at Stake in Privatizing Saudi Aramco Now?
Saudi Arabia’s Deputy Crown Prince, Mohammad bin Salman, gave a fascinating interview to the Economist on January 4. Among the many subjects he covered, one in particular appealed to energy wonks—the privatization of Saudi Aramco.
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Aramco IPOIn Saudi Aramco IPO, Global Refining Empire May Be the Prize
“The Saudis aren’t just pumping crude out of the ground and selling it anymore,” said Jim Krane, energy research fellow at the Baker Institute at Rice University in Houston.
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Saudi AramcoToo Big to Value: Why Saudi Aramco Is in a League of Its Own
For investors, a smaller chunk of Aramco could be easier to value -- and to swallow. And the kingdom has already some experience.
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Jazan Industrial ComplexSaudi Aramco to build $2bn Jazan plant with ACWA
The development, set to be the world's largest for gas, will supply 20,000 metric tonnes of oxygen and 55,000 metric tonnes of nitrogen to its Jazan refinery for 20 years.
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