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Recent stories from sustg
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Bechtel Expands Partnerships to Develop Local Talent in Saudi with Agreements with Prince Sultan University, Saudi Women Engineering Society
- December 22,2023
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- SUSTG Team
US-headquartered Bechtel, a leading engineering, procurement, construction, and project management company, has rolled out two new local partnerships in Saudi Arabia as it expands its operational relationships and seeks to develop local talent in the Kingdom as it marks its 80th year doing business in KSA.
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PIF Announces Establishment of Al Balad Development Company (BDC) to become the main developer of Jeddah’s historic Al Balad District
- October 3,2023
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- SUSTG Team
The Public Investment Fund (PIF) announced the establishment of the Al Balad Development Company (BDC), which will become the main developer of Jeddah’s historic Al Balad district, “in line with the continuous efforts led by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz to revitalize Historic Jeddah to transform Jeddah into an economic hub, […]
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Saudi 100 Brands stage Paris show
- June 21,2024
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- SUSTG Team
The Saudi 100 Brands is a dedicated program for Saudi fashion companies, brands and/or designers to receive specialized mentoring, training and consulting in the categories of bridal, couture, ready to wear, jewelry, bags, beauty, footwear and fragrance.
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Saudi Internet Penetration Reaches 99%
- May 7,2024
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- SUSTG Team
According to the “Internet Saudi Arabia” report for 2023, published by the Communications, Space, and Technology Commission, both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively. The report also says that 52.3% of users spend more than seven hours online each day.
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2023 a Big-Spending Year for PIF as Kingdom’s Wealth Fund Accounts for Over One Quarter of All Sovereign Spending
- January 2,2024
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) spent more than any other last year, topping an annual ranking of sovereign investment fund spending compiled by consultancy Global SWF for the first time, according to reports.
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First Hydrogen Train in Middle East to Begin Trials Next Week, Saudi Energy Minister Says
- October 9,2023
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- SUSTG Team
Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman said on Sunday that the first hydrogen train in the Middle East will begin trials next week, according to a report in Reuters.
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Discussing the Venture Capital ecosystem in Saudi Arabia and the MENA with investor Amjad Ahmad and much more…
- October 2,2023
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- SUSTG Team
In episode 105 of The 966, Amjad Ahmad, a leading venture capitalist and seasoned investment professional with extensive experience in VC and private equity in emerging markets, joins to discuss the VC ecosystem in Saudi Arabia, the MENA region, and globally today. In addition to over two decades of experience investing in the region, Amjad […]
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Fossil fuel use, emissions set new highs in 2023
- June 20,2024
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- SUSTG Team
The Energy Institute and co-authors KPMG and Kearney released the 73rd annual edition of the Statistical Review of World Energy, presenting the full global energy data picture for 2023.
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Saudi Car Market: Tops GCC, women purchase 30% of cars sold in 2023
- May 6,2024
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- SUSTG Team
In 2023, Saudi Arabia sold 729,466 cars, a 17% increase from the previous year. The Toyota Yaris was the best-selling car, accounting for 37% of the sales. Car sales are expected to surge to 870,000 this year.
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Saudi Non-Oil Business Activity Expands in December 2023, New Orders Rising at Fastest Pace in Six Months
- January 3,2024
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- SUSTG Team
Non-oil business activity in Saudi Arabia grew solidly in December with new orders rising at the fastest pace in six months, and the seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index stood at 57.5 in December ending 2023 well above the 50 mark signaling economic growth, Reuters reports. The data show a Saudi economy that is […]
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MUST-READS
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Baghdad BombingToll climbs to more than 200 in Islamic State’s worst-ever bomb attack on civilians
The death toll from a suicide bombing on a busy Baghdad shopping street rose to more than 200 Monday as victims succumbed to their injuries and rescuers pulled out bodies from the charred shops and malls, making it the Islamic State’s deadliest-ever bomb attack on civilians.
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War in YemenExclusive: White House Blocks Transfer of Cluster Bombs to Saudi Arabia
Asked about the hold on the shipments, a senior U.S. official cited reports that the Saudi-led coalition used cluster bombs “in areas in which civilians are alleged to have been present or in the vicinity.”
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IraqBombs in Baghdad kill 14, including some Shi’ite pilgrims
Three bombs went off in and around Baghdad on Monday, killing at least 14 people, including Shi'ite Muslim worshippers conducting an annual pilgrimage inside the capital, police and medical sources said.
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Anti-ISIS CampaignUSS Harry S. Truman sets Navy record for dropping bombs against Islamic State
Aircraft flying from the Norfolk-based carrier USS Harry S. Truman have set a Navy record for the amount of bombs used in the fight against the Islamic State group, highlighting how U.S. military efforts in the region have intensified in recent months.
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Anti-ISIS Campaign‘It Sucks To Be ISIL:’ US Deploys ‘Cyber Bombs,’ Says DepSecDef
Deputy Defense Secretary Bob Work told reporters today that ISIL is under tremendous pressure from the United States — “from every single direction, the north, the east, the west and the south” — and the terrorist group has lost every engagement with allied forces over the last six months. That apparently includes in cyberspace.
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IraqIraq: Death Toll From Sunday’s Suicide Attack Climbs to 61
Iraqi officials said on Monday that the death toll from Sunday's suicide truck bombing south of Baghdad climbed to 61.
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Anti-ISIS CampaignPentagon Running Low on Smart Bombs for ISIS Campaign
President Barack Obama will ask Congress next week to approve $1.8 billion to buy 45,000 new bombs. The spending request is part of $7.5 billion the Pentagon says it will need to bomb ISIS and train Iraqi security forces in 2017.
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Anti-ISIS CampaignUS bombs ‘millions’ in ISIS currency stock
In an extremely unusual airstrike, the U.S. dropped bombs Sunday in central Mosul, Iraq, destroying a building containing huge amounts of cash ISIS was using to pay its troops and for ongoing operations, two U.S. defense officials told CNN.
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Saudi DebtSaudi Debt Risk Climbs as Oil Slides
Investors wanting to take out insurance on Saudi Arabia’s debt have to pay as much as they would for Portugal, a nation still saddled with a junk credit-rating five years after an international bailout.
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Syria: RussiaAs US Bombs ISIS, Be Wary of Moscow’s Spies
But ISIS operates no offensive aircraft, and in any case, the Syrian government already has plenty of air defense systems of its own. So what are the SA-22s doing there?
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