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Recent stories from sustg
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Fitch Affirms Saudi Arabia’s Public Investment Fund at ‘A+’; Outlook Stable
- November 17,2023
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- SUSTG Team
Fitch Ratings has affirmed Saudi Arabia’s Public Investment Fund’s (PIF) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘A+’ with Stable Outlook, the organization said in a press release.
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Saudi Arabia’s Media Powerhouse SRMG Makes Strategic Investment in Anghami, Spotify’s MENA Region Rival
- August 22,2023
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- SUSTG Team
SRMG Ventures, the venture capital arm of Riyadh-based conglomerate and the largest publishing company in the Middle East, the Saudi Research and Media Group, has announced a $5 million investment in Anghami, which is the Arab world’s rival to Spotify, according to Variety.
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Dollar-priced oil ending? What’s the story?
- July 8,2024
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- SUSTG Team
A claim emerged in Chinese-language social media posts in June that Saudi Arabia terminated a 50-year formal agreement with the United States to conduct oil transactions in U.S. dollars, under a deal called the “petrodollar agreement.”
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PIF Increases Investment in Lucid
- March 27,2024
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- SUSTG Team
Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator.
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House Prices in Riyadh Continue Climb into Record Territory — Knight Frank Report
- February 14,2024
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- SUSTG Team
Global real estate consultancy Knight Frank released today its Winter 2023/24 Saudi Arabia Residential Market Review, available now on the company’s website.
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An exclusive interview with Dr. Mehmood Khan, founding CEO of Saudi Arabia’s HEVOLUTION Foundation
- November 20,2023
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- SUSTG Team
The 966 speaks with Dr. Mehmood Khan, CEO of Saudi Arabia’s Hevolution Foundation, a global non-profit revolutionizing the healthspan field launched by Royal Decree and chaired by HRH the Crown Prince Mohammed bin Salman. Dr. Khan shares his journey, Hevolution’s vision and insights into how he is working to build the organization’s operations from the […]
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Report: Biden Considers Another Bilateral Meeting with Crown Prince Mohammed bin Salman at G20 to Talk Saudi-Israel Mega Deal
- August 21,2023
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- SUSTG Team
President Biden is considering a bilateral meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of next month’s G20 summit in New Delhi, India, to discuss the recently-reported proposal for the Kingdom and Israel to move toward establishing relations, four sources with knowledge of the issue told Axios.
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The Impact of Healthcare Investments on Saudi Arabia’s economy
- July 9,2024
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- SUSTG Team
The Observer Research Foundation, a leading think tank based in India, examined Saudi Arabia’s spending and strategy with regard to improving health care for its citizens.
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Saudi Arabia to join Miss Universe for the first time
- March 26,2024
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- SUSTG Team
27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.
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Saudi Family Office Mithaq Capital Buys Majority Stake in Struggling Retailer Children’s Place
- February 15,2024
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- SUSTG Team
Saudi Arabia’s Mithaq Capital, a family office owned by the Al Rahji Family, snapped up shares in struggling children’s retailer The Children’s Place to take a majority stake in the company, Semafor reports.
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MUST-READS
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DesalinationSaudi Water Desalination Makes First Privatization Step
Dammam-Saudi Arabia needs investments worth USD53.3 billion in the water sector till 2025, to cope with the population growth and the increased demand for desalinated water.
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Zamzam WaterNew rules, overcrowding create holy water black market in Saudi
But with the recent decision to cut the Zamzam water rations for families — from 20 containers a month to 10 and the quantity for individuals from two from four every fortnight, have resulted in crowds resorting to new practices to get Zamzam water.
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Gulf Maritime ChallengesNavigating Gulf Waters After the Iran Nuclear Deal
Following the implementation of the JCPOA, tensions remain high in the Gulf. Even with inferior naval assets, Iran chooses to provoke its neighbors with asymmetric tactics.
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WaterOvercoming water shortage in KSA
Saudi Arabia is the third largest consumer of water per capita after the US and Canada. Conservation alone cannot solve the country’s water crisis.
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Water ShortageGlobal water shortages to deliver ‘severe hit’ to economies, World Bank warns
Water shortages will deliver a “severe hit” to the economies of the Middle East, central Asia, and Africa by the middle of the century, taking double digits off their GDP, the World Bank warned on Tuesday.
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WaterSaudi Arabia’s National Water Company CEO replaced
In the wake of the removal of the Water and Electricity minister, a new chief executive has been appointed to lead the National Water Company (NWC) to deal with complaints from the public about high water bills.
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GovernanceSaudi king replaces minister for water and electricity
Saudi Arabia's King Salman replaced the minister for water and electricity Abdullah al-Husayen on Saturday with Agriculture Minister Abdulrahman al-Fadhli, who will do the job on an acting basis, state media reported, citing a royal decree.
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WaterboardingDirector Brennan: CIA Won’t Waterboard Again — Even if Ordered by Future President
CIA Director John Brennan told NBC News in an exclusive interview that his agency will not engage in harsh "enhanced interrogation" practices, including waterboarding, which critics call torture — even if ordered to by a future president.
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Water PolicyWhat Saudi Arabia is doing to save water
Desalinated water contributes to meeting about 59% of Saudi Arabia’s water needs, with groundwater and water dams making up the remaining 41%.
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Saudi-IranSaudi Arabia Reportedly Bans Tankers With Iran Oil From Its Waters
According to traders and shipbrokers who spoke to the Financial Times, Saudi Arabia has banned tankers transporting Iranian oil from entering their waters.
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