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Recent stories from sustg
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Inaugural World Defense Show in Saudi Arabia Produces Results in Saudi’s Localization Drive for U.S. Companies
- March 7,2022
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- SUSTG Team
Saudi Arabia is hosting its first ever major defense show as industry giants from around the world assemble in Riyadh to display the latest in military tech — and pitch for lucrative opportunities as Saudi Arabia seeks to localize much of its defense industry production.
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Top PGA Tour Golfers Balk at Saudi-backed Super Tour, Dealing Blow to Organizers
- February 21,2022
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- SUSTG Team
Many of the top golfers in the world are saying “no” to joining a Saudi-backed rival to the U.S.-based Professional Golfers Association (PGA) tour.
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Report: Staggering Estimated Cost of Air Pollution for the Middle East Reaches $141 billion a Year
- February 9,2022
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- SUSTG Team
Air pollution is costing the Middle East and North Africa (MENA) region countries as much as 2% of total economic output per year, a World Bank report said, which said that MENA nations should curb fossil-fuel subsidies, provide cleaner transport and create markets for emissions.
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Overwhelming Interest in Saudi Security Company Elm’s IPO; Institutional Investors 69.5x Oversubscribe
- February 1,2022
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- SUSTG Team
Elm, a digital security firm owned by Saudi Arabia’s Public Investment Fund, drew $57 billion in orders for its IPO from institutional investors, according to Bloomberg, in what appears to be the latest evidence that the appetite for middle east stocks continues to run strong.
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Report – Global Islamic Funds Market has Grown by More than 300% Over the Last Decade
- January 27,2022
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- SUSTG Team
The global Islamic funds market has grown by more than 300% over the last decade to nearly reach $200 billion in assets under management, according to a new report from the Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) as reported in Reuters.
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Saudi Arabia’s Stock Market Holds Near 15-Year Highs; Goldman Sees Saudi as Region’s Busiest in 2022
- January 24,2022
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- SUSTG Team
Saudi Arabia’s benchmark index is holding steady at 15-year highs despite breaking a 10-day positive streak on Sunday, the first day of trading for the week.
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Goldman Sachs is ‘Extremely Bullish’ on Commodities Amid Potential Decade-Long ‘Supercycle’
- January 6,2022
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- SUSTG Team
Goldman Sachs’s global head of commodities research Jeff Currie told Bloomberg today in a televised interview that the bank is “extremely bullish” on commodities amid a supercycle that has the potential to last for a decade.
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The 966 Talks Energy, Renewables, and Climate with Energy Expert Kate Dourian
- January 5,2022
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- SUSTG Team
The 966’s introduces its first topical discussion format with energy expert Kate Dourian, non-resident fellow at the Arab Gulf States Institute in Washington and contributing editor at MEES, the Middle East Economic Survey. Kate is also a former editor and veteran journalist covering energy and more in the region for Reuters and Platts. Kate joins […]
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Facing Omicron Variant Surge, Saudi Arabia Steps Up Precautions, Increases Vaccine Requirements
- December 30,2021
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- SUSTG Team
Wasting no time in attempting to get ahead of the Omicron variant of the Coronavirus, Saudi Arabia moved forward with new rules and requirements aimed at protecting people within the Kingdom’s borders – and the Saudi economy.
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Part 2 – The 966 Exclusive Interview with Fahad Nazer, Spokesperson for the Saudi Embassy in Washington, D.C.
- December 20,2021
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- SUSTG Team
The 966 features an exclusive, two-part interview with Fahad Nazer, spokesperson for the Saudi embassy in Washington. In Part 2 of the interview, the hosts ask Mr. Nazer about a wide range of issues, including about Saudi Arabia’s students in the United States, Iran, Saudi Arabia’s relationship with Israel. The hosts also ask Fahad a […]
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MUST-READS
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ACWASaudi Arabia adds first solar power plant to grid
Saudi Arabia has been moving away from burning crude oil to generate power, switching first to gas-fired plants and subsequently moving towards wind and solar schemes as it seeks to free up its crude for the export market. The kingdom recently revised its renewable energy target to be achieved by 2024 to 27.3GW, from 9.5GW previously.
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LucidSaudi-backed Battery Maker Lucid Wins Race to Power Formula E Cars: Video
The sixth season of Formula E kicks off this weekend in Saudi Arabia where the slickest and fastest all-electric vehicles do battle outside Riyadh.
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EgyptEgypt’s powerful military companies to go public
“The Egyptian market is complicated because you have the public sector, which has its own rules; the private sector, which is not given much support; and the armed forces companies, which have their own way of doing business,” Basant Fahmi, an economist and member of the parliamentary economic affairs committee, told Al-Monitor.
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UAE SolarAbu Dhabi produced 249,700MWh solar-powered electricity in 2018
According to the UAE’s state-held news agency, Wam, the report stated that 88.4% of the electricity produced from solar energy was transferred through Abu Dhabi’s electricity distribution network, 11.6% was consumed internally in Masdar City.
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Golden VisasIt’s never been easier for the rich and powerful to live in any country they want
Wealthy people can now purchase visas—or straight-out citizenship—in countries such as Thailand, Latvia, and the UK, via a flat fee, “donation,” or hefty investment in the country. At least four EU member states offer passport-for-purchase privileges.
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Saudi-BangladeshSaudi Aramco to supply LNG to Bangladesh as part of power deal
Bangladesh is expected to become a major LNG importer in Asia, alongside Pakistan and India, as domestic gas supplies fall.
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IraqIraq’s elite rallies around Iran-backed plan to hang on to power
Two sources with knowledge of the talks said Soleimani had approved the reform plan, which would keep Prime Minister Adel Abdul Mahdi in power until new elections next year, as it would give Iran time to recalculate how to retain influence.
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IranIran begins pouring concrete for 2nd nuclear power reactor
Iran began pouring concrete Sunday for a second nuclear reactor at its Bushehr power plant, a facility Tehran points to as its reason to break the enrichment limit set by its unraveling 2015 nuclear deal with world powers.
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Yemen Civil WarYemen’s President Hadi meets separatist leader after deal ends power struggle
Yemen’s President Abd-Rabbu Mansour Hadi met the head of the Southern Transitional Council on Thursday, in their first meeting since his Saudi-backed government and the separatists signed an agreement to end a power struggle in the south.
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IranU.N. nuclear watchdog, Western powers criticize Iran for holding inspector
Iran confirmed on Wednesday that it prevented the inspector from gaining access to its main uranium-enrichment facility at Natanz. The IAEA said on Thursday that one of its inspectors was “temporarily prevented from leaving Iran” last week.
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