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Todd Albert Nims, traction on green hydrogen, a $1 trillion economy and much more in The 966 Episode 69
- December 23,2022
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- SUSTG Team
Episode 69! Merry Christmas and happy holidays to our subscribers and listeners who celebrate. The 966 hosts kick off the second annual “Christmas spectacular” with a discussion of green hydrogen and news that Germany may be on of Saudi Arabia’s first big customers, and a discussion of Saudi Arabia as a $1 trillion (!) economy. […]
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Saudi Arabia’s PIF Buys 30 Percent Stake in Cooling Company Saudi Tabreed
- December 21,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has reportedly acquired a 30% stake in Saudi Tabreed, a leading cooling services provider in Saudi Arabia, according to a report in Bloomberg and Reuters.
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NEOM’s Green Hydrogen Facility, Set to Be World’s Largest, Gets Financing Agreements with Banks, SIDF
- December 19,2022
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- SUSTG Team
NEOM’s Green Hydrogen Company (NGHC), an equal joint venture created by ACWA Power, Air Products, and NEOM which will create the world’s largest green hydrogen plant, has inked facility agreements with local, regional, and international banks and Saudi Arabia’s SIDF to finance the construction of the plant, according to reports.
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Jadwa Chartbook: Saudi Arabia’s Growth Streak Continues with Non-Oil PMI Increasing on ‘Higher New Orders and Business Optimism’
- November 30,2022
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- SUSTG Team
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, and point of sale transactions, according to the latest monthly chartbook released by Jadwa Investment.
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Saudis Celebrate Historic Win Against Argentina at Qatar World Cup with National Holiday
- November 23,2022
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz declared Wednesday as a public holiday after the Saudi soccer team beat Argentina in the World Cup on Tuesday in a thrilling and historic upset that will long be remembered and celebrated by Saudis.
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Saudi Arabia Announces 66 New Initiatives as Part of Environmental Action Plan at COP 27
- November 8,2022
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- SUSTG Team
Saudi Arabia has announced 66 new initiatives as part of its environmental plan at the UN global climate change summit taking place in the Egyptian resort town of Sharm El-Sheikh, according to reports.
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2022 Global Cities Report finds huge leap in Riyadh’s Cultural Experience
- October 31,2022
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- SUSTG Team
Leading management consulting firm Kearney released its 2022 Global Cities Report assessing 156 cities around the world around the world across five dimensions: business activity, human capital, information exchange, cultural experience, and political engagement.
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Saudi Aramco Launches Sustainability Fund with $1.5b in Capital
- October 28,2022
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- SUSTG Team
Saudi’s state-owned oil company Aramco announced yesterday the launch of a venture capital fund that will focus on sustainability-related projects, according a press release from the company and reports.
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The Red Sea Development Company is Now ‘Red Sea Global,’ and Will Look to Expand Globally
- October 25,2022
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- SUSTG Team
The Red Sea Development Co., known as TRSDC, has rebranded to now be called Red Sea Global (RSG), the company announced during the sixth edition of Future Investment Initiative (FII) in Riyadh on Oct. 25.
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Saudi Arabia’s Crown Prince Mohammed bin Salman Launches National Industrial Strategy
- October 19,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Kingdom’s National Industrial Strategy, which aims to increase the industrial exports value to 557 billion riyals by 2030 ($148.34 billion), Reuters reports, citing the Saudi Press Agency.
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MUST-READS
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UAE, Saudi partner to empower businesses in cross-border trade
The key highlights of the alliance between the two institutions include sharing of work streams that include insurance, reinsurance and collections cooperation; Commercial information and credit opinion sharing; cooperation in technical training programs; Trade promotions; SME programs, among others.
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Gulf Business: Top 5 most powerful Arabs in Saudi Arabia
Saudi nationals once again rank as the second largest group in Gulf Business‘ annual Arab Power list for 2020, with the number of entries tallying 23 this year.
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Barakah Nuclear Power PlantUnited Arab Emirates grants license for Arab world’s first nuclear power plant
The four reactors will have a total capacity of 5,600 megawatts -- enough to provide about a quarter of UAE energy needs. Al-Kaabi said the plant's second unit is 95 percent completed, the third is 92 percent done and the fourth 83 percent.
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Women in TechDriving Change (Through Tech): Empowering Women To Innovate Without Restrictions
According to UNESCO, women account for more than half of the engineering student population in some Arab states, and between 34% and 57% of recent STEM graduates in the region are women. That’s a much higher rate than in universities globally, and a testament to the change underway in the Middle East region.
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IraqAging Shiite cleric a powerhouse in Iraq. What comes after?
The Iranians “don’t want another al-Sistani ... They don’t want somebody who is strong, who overshadows their own supreme leader,” said Abbas Kadhim, director of the Iraq Initiative at the Atlantic Council. While none of al-Sistani’s potential successors are “in Iran’s pockets,” Tehran can benefit from a weak figure.
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U.S. CongressSenate passes resolution to limit Trump’s power to order military action against Iran
Eight Republicans joined all Democrats in voting 55 to 45 for the measure, despite sharp warnings from Trump that challenging his war powers would “show weakness” and send “a very bad signal” to Tehran. Trump will almost certainly veto the measure once it passes the House, and neither chamber of Congress has the votes to override that veto, lawmakers say.
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U.S. CongressSenate poised to pass bill curbing President Trump’s war powers
Senate Democrats say they have enough Republican support to win passage of the measure, which would bar Trump from using military force against Iran unless Congress specifically voted to authorize such action.
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Cyber AttackPowerful Cyber Attack Takes Down 25% Of Iranian Internet
Hot on the heels of a "serious" cyber-attack that compromised United Nations servers, and in the same week that the head of the European Central Bank, Christine Lagarde, warned of the global financial implications of cyber-attacks, Iran has seemingly come under cyber-attack. Indeed, so powerful was the impact of this alleged attack that the internet was disrupted across the country.
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Rub Al-KhaliExplorer saw nature’s sheer beauty and power in Saudi Arabia’s Empty Quarter
He was mentally prepared for encounters with dangerous creatures ranging from wild cats to deadly scorpions. But what turned out to be the biggest danger was the desert itself, Calderan said, recalling a moment when he stood before a “mountain of dunes” as high as 300 meters. “It was as if I had travelled to hell — and it was the first time in my life I started to pray in order to come out,” he said.
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Power BusinesswomenPower Businesswomen in The Middle East 2020
In the 2020 list, there are 22 new entries and 23 nationalities represented across 28 sectors. Emiratis are the most prevalent nationality with 23 entries. There are also nine Egyptians, eight Lebanese and eight Omani women. British women have the highest representation among non-Arabs, with seven entries. The top 10 is dominated by Saudis, with three of the country’s biggest names in the top five: Samba Financial Group’s Rania Nashar, Tadawul’s Sarah Al Suhaimi and Saudi British Bank’s Lubna Olayan.
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