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ACWA Power plans $1.9 Billion Stock Sale
- June 12,2024
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- SUSTG Team
Saudi Arabia’s ACWA Power Co. is planning to raise $1.9 billion by issuing stock to existing shareholders, capitalizing on a sixfold increase in its share price since a 2021 listing.
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Aramco Share Sale Attracts Foreign Investors
- June 10,2024
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- SUSTG Team
Aramco’s recent share sale attracted over $65 billion in orders, exceeding expectations with foreign investors estimated to hold around 60% of the shares sold, a significant increase from Aramco’s 2019 IPO.
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Saudi Professional League, 2023-24 Season by the Numbers
- June 5,2024
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- SUSTG Team
Saudi Arabia’s professional football league, the Roshn Saudi League, concluded it’s 2023-24 season with a number of records smashed and new benchmarks reached.
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The 966 Episode #130, What You Need to Know to Establish a Business in Saudi Arabia, with Saeed Al-Ansari, CEO, Tawaref
- June 2,2024
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- SUSTG Team
Saeed Al-Ansari, Founder and CEO of Tawaref, a Saudi Arabia-based tech investment community that also provides startup advisory, legal consultancy and due diligence support joins Richard Wilson on The 966 [Episode #130] for an exceptionally informative episode on what you need to know to establish a presence in KSA.
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Goldman Sachs set to open Regional HQ in Riyadh
- May 24,2024
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- SUSTG Team
Bloomberg reports that Goldman Sachs Group Inc. has become the first Wall Street bank to receive a license from the Ministry of Investment to set up its regional headquarters in Riyadh.
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Aramco launches first quantum computer in Saudi Arabia
- May 20,2024
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- SUSTG Team
Aramco has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in Saudi Arabia.
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U.S. and Saudi Arabia enhance energy cooperation agreement
- May 17,2024
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- SUSTG Team
Building on the Partnership for Advancing Clean Energy Agreement signed in Jeddah on July 15, 2022, Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy of Saudi Arabia, met with U.S. Secretary of Energy Jennifer Granholm in Riyadh to set a detailed timeline for collaborative projects.
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Growing Saudi female sports participation triggers retail growth
- May 16,2024
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- SUSTG Team
Writing for Jing Daily, Julienna Law reports that Saudi Arabia’s sportswear and athleisure apparel market is set to boom as women, in particular, become more active in sports.
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Fakeeh Care Group 119 times oversubscribed as Saudi IPO market heats up
- May 14,2024
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- SUSTG Team
Investors put in $91 billion of orders for Fakeeh Care Group’s IPO which is set to be the Tadawul’s biggest listing of the year.
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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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MUST-READS
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Saudi Arabia offers to mediate talks between Russia and Ukraine
Saudi Arabia's Crown Prince Mohammed bin Salman received a phone call from Russian President Vladimir Putin on Thursday, and he offered to make efforts to mediate talks between Moscow and Kyiv as Russia continues its invasion of Ukraine. Bin Salman said his country supports "efforts that lead to a political solution that leads to its end and achieves security and stability, and that the Kingdom is ready to make efforts to mediate between all parties," he said in a statement posted on state-run Saudi Press Agency Thursday.
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Erdogan says Turkey continuing “positive dialogue” with Saudi Arabia – media
Turkey is continuing a "positive dialogue" with Saudi Arabia and wants to take concrete steps in the coming days to improve ties, President Tayyip Erdogan was cited as saying on Wednesday, amid a regional charm offensive by Turkey to mend strained relations. Ties between Ankara and Riyadh have been troubled since the 2018 killing of Saudi journalist Jamal Khashoggi by a Saudi hit squad at the kingdom's consulate in Istanbul. Following Turkish demands for Crown Prince Mohammed bin Salman and other officials to be prosecuted, Riyadh imposed an unofficial boycott on goods from Turkey.
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Shaping the future of the media sector in Saudi Arabia
Among all Middle East countries, Saudi Arabia has the largest, most literate, and technologically connected cohort of youths. The younger generation is in the vanguard of those using innovations such as digital video and gaming. This generation is always on the quest for the new and the innovative and is becoming more demanding in terms of technology adoption.
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Shaping the future of the media sector in Saudi Arabia
The current size of the Saudi media sector is $4.64 billion, which leads the Middle East and North Africa (MENA) media market with about 30 percent of the market share
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Media watchdog lists Saudi Arabia as one of the most dangerous places for journalists
With 127 journalists in its jails, China sits at the top of the list. Myanmar takes second place with 53, Vietnam closely follows with 43, Belarus sits at number four with 32 and Saudi Arabia closes the top five list with 31. According to RSF, 488 is the highest figure since the organization started compiling statistics in 1995. The figure is 20 percent higher than that for 2020
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Saudi Comedian, Producer Hisham Fageeh on How Hollywood Can Help Arab TV
Saudi Arabian stand up comedian, actor, writer and producer Hisham Fageeh in 2013 posted a satirical video on YouTube titled “No Woman, No Drive” that became the country’s most popular YouTube video and probably helped the movement to strike down Saudi’s ban on female motorists in late 2017. He also acted and co-produced groundbreaking Saudi rom-com “Barakah Meets Barakah.”
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Saudi Research & Media Group ties with Ministry of Education for Manga Arabia
The partnership follows the recent announcement of the launch of Manga Arabia, aiming to target 180m Arabs. Saudi Research & Media Group (SRMG) and Ministry of Education, Saudi Arabia, have signed a Memorandum of Understanding (MoU) for Manga Arabia, under the patronage of Dr Hamad bin Mohammed Al Al-Sheikh, Minister of Education.
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Saudi Research and Media Group launches Manga Arabia
Saudi Research & Media Group (SRMG) - which owns more than 30 major media outlets including Asharq Al-Awsat, Asharq News and Arab News- announced today the launch of “Manga Arabia”. Stemming from the growth in popularity of Japanese Manga and Anime in the region over the last two decades, as well as the demand for localized storytelling, Manga Arabia’s imaginative new Arabic content is purposeful, safe, and inspired by Arab cultural values; furthermore, the content will be inspired and translated from leading Japanese publishers, ready to be consumed by all age groups.
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Kuwait’s crown prince, oil min to visit Saudi Arabia on Tuesday – state media
Kuwait's crown prince Sheikh Meshal al-Ahmad will lead a delegation, which includes the oil and foreign ministers, on an official visit to neighbouring Saudi Arabia on Tuesday, state media reported.
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Commentary: How to handle the Western media bias leveled against Gulf Arabs
In western countries, journalists lean left politically, and there are three things that lefties generally dislike: monarchies, inherited income, and religion.
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