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Recent stories from sustg
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The 966, Episode #132, The Many Impacts of The Gaza War with Stefanie Ali, Senior Director, Rice, Hadley, Gates and Manuel LLC
- June 26,2024
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- SUSTG Team
The 966 welcomes Stefanie Hausheer Ali, Senior Director at international affairs consulting firm Rice, Hadley, Gates & Manuel LLC, to get her informed perspective on the impact of the Gaza war with particular reference to the damage it has done to the U.S. reputation and U.S. corporate brands.
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Wamda’s Tawaref Series Provides Blueprint for Expanding in KSA
- May 13,2024
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- SUSTG Team
Wamda has partnered up with Tawaref, a Saudi Arabia-based tech investment community that also provides startup advisory, legal consultancy and due diligence support, to publish a series of articles to help entrepreneurs navigate the Saudi market.
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ACWA Power Inks Deal for $4bn Green Hydrogen-Based Ammonia Plant in Egypt, $800m Power Purchase Agreement for South African Hybrid Renewable Project
- December 20,2023
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- SUSTG Team
Saudi renewables developer ACWA Power has signed two new large deals as it expands its renewables and green projects across the region.
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Israeli Minister Speaks Publicly for the First Time in Saudi Arabia’s Capital Riyadh – Report
- October 5,2023
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- SUSTG Team
An Israeli minister spoke publicly for the first time in Saudi Arabia’s capital Riyadh about “blossoming ties” between the two countries, the latest sign the duo are inching toward normalizing relations – and even thanked the two leaders, mentioning first the Kingdom of Saudi Arabia.
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MSCI Emerging Markets Index – Saudi Equities Five Years After Inclusion
- June 25,2024
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- SUSTG Team
Since May 2019, the MSCI Saudi Arabia and MSCI Tadawul 30 Indexes and the MSCI Saudi Arabia Investable Market Index (IMI) have outperformed the MSCI Emerging Markets IMI. Also, Saudi Arabia’s equity market has expanded to offer investors more-diversified sector exposures.
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Johnson Controls Arabia Announces Export of 300 Saudi-Made Scroll Chillers to the United States from KAEC Manufacturing Plant
- May 9,2024
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- SUSTG Team
Johnson Controls Arabia (JCA) hosted an export milestone event at its YORK Manufacturing Complex at the King Abdullah Economic City (KAEC) to mark the company’s latest export achievement of more than 300 Saudi-made YORK Scroll Chillers to the American market during this year, with a total market value of 100 million Riyals in the initial phase, the […]
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Prince Alwaleed bin Talal-Backed Flynas Taps Morgan Stanley, Goldman for IPO
- December 21,2023
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- SUSTG Team
Saudi Arabia’s Flynas, backed by billionaire Prince Alwaleed Bin Talal, has hired Goldman Sachs Group Inc., Morgan Stanley and Saudi Fransi Capital for a potential initial public offering in Riyadh, according to a report in Bloomberg.
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Saudi Arabia’s Tourism Effort Paying Off as Sector Sees 58% Growth in 2023 — Report
- October 4,2023
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- SUSTG Team
Saudi Arabia has been ranked second globally in terms of tourist arrivals during the first seven months of 2023, the Saudi Press Agency reported on Tuesday.
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Saudi-US Trade and Investment Framework Agreement (TIFA) Council Meetings Underway
- June 24,2024
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- SUSTG Team
The General Authority of Foreign Trade (GAFT) which is part of the Saudi Ministry of Commerce is leading Saudi Arabia’s delegation at the eighth meeting of the Saudi-US Trade and Investment Framework Agreement (TIFA) Council, held between June 23 and 28, 2024, in Washington, DC.
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Saudi Aramco Expects to Pay Full Dividends Despite Lower Earnings – Report
- May 8,2024
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- SUSTG Team
Saudi Arabia’s Aramco said it expects to pay full dividends to its shareholders, including the Public Investment Fund of Saudi Arabia, “despite reporting lower earnings for the first quarter on Tuesday, hit by lower oil prices and volumes sold,” Reuters reports.
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MUST-READS
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U.S.-Saudi Military SalesU.S. Lawmakers Raise Doubts on Sale of Smart Bombs to Saudi Arabia
A group of US lawmakers wrote to the presidential administration asking for more information about a potential sale of smart bombs, aka precision-guided munitions (PGM), to Saudi Arabia. They expressed concern over widespread civilian casualties in Yemen.
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Explosive DevicesHow the Rise of Electronics Has Made Smuggling Bombs Easier
New restrictions on flights from the Middle East reflect how just about anything with power can be turned into an explosive.
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War in YemenSaudi Arabia Admits to Using Illegal UK Cluster Bombs in Yemen
Following the admission, Saudi Arabia said it would cease to use the bombs and had informed the U.K. of its decision.
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War in YemenUK cluster bombs used in Yemen by Saudi Arabia, finds research
It is understood the government’s own investigations back up media reports that such cluster bombs have been deployed in the war
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EconomySaudi public debt climbs back to 14% of GDP
Saudi Arabia's ministry of finance announced a total public debt of 342.4 billion riyals ($91 billion) on Wednesday night, as the country adjusts its economy in line with cheap oil prices.
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Global Oil MarketsOil Climbs as Saudi Arabia Says It’s Optimistic on OPEC Deal
Crude oil rose as Saudi Arabia, due to meet with Russia and some OPEC nations in Doha, said it’s optimistic that producers will reach an agreement to stabilize world markets.
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Stock MarketSaudi Cash Boost Spurs Banks as Tadawul Climbs to August High
Saudi Arabia’s pledge to unlock delayed payments to contractors by the end of the year propelled the nation’s stocks to the highest level since August.
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SyriaDarkness and fear in Aleppo as the bombs rain down
The bombings at night are the worst. There is no electricity in the rebel-held portion of eastern Aleppo, and the warplanes flying overhead target any light piercing the blackness beneath.
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Cluster BombsLast Remaining U.S. Maker of Cluster Bombs Stops Production
The last remaining United States manufacturer of cluster bombs is ending production of the controversial weapon, citing regulatory scrutiny and reduced orders for the internationally banned munition.
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AleppoChasing bananas, dodging bombs: Life and death in besieged Aleppo
Aside from lack of fresh food, civilians in Aleppo were suffering shortages of fuel, canned food, eggs, sugar, flour and baby milk.
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