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Saudi Arabia Gets First Cannes Official Selection Slot With Drama ‘Norah’
- April 11,2024
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- SUSTG Team
Saudi Arabia has landed its first film in the Cannes Film Festival official selection with “Norah,” a drama by pioneering director Tawfik Alzaidi set in 1990s Saudi, according to reports.
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Saudi Arabia’s non-oil business activity grows robustly in March, PMI shows
- April 3,2024
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- SUSTG Team
Strong demand helped drive non-oil business activity in Saudi Arabia in March, Reuters reports, with output accelerating to a six-month high.
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Dolce & Gabbana Launches Flagship Saudi Store at Via Riyadh after Approaching KSA Market with ‘Caution and Respect’
- April 1,2024
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- SUSTG Team
Fashion icon Dolce & Gabbana unveiled a unique strategy for Saudi Arabia, opening up a flagship new store in Via Riyadh after approaching the market with “caution and respect,” Vogue Middle East reported.
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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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NYT Reports on Proposed $40B Saudi AI Investment
- March 20,2024
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- SUSTG Team
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
- March 14,2024
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- SUSTG Team
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
- March 1,2024
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- SUSTG Team
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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SoftBank to Create Industrial Robots for Saudi Arabia
- February 22,2024
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- SUSTG Team
Alat (Arabic for ‘machines’), the PIF funded $100 billion initiative to create an automated manufacturing hub in Saudi Arabia will invest up to $150 million in partnership with SoftBank.
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What it’s like to live in Saudi Arabia during Riyadh Season, PIF-backed Alat launches with eyes on a big impact, and more…
- February 20,2024
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- SUSTG Team
The boys are back for their normal format and catch up on just some of the seemingly endless new developments and storylines emerging from Saudi Arabia of late.
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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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19th Saudi Relief Plane Departs for Lebanon
A 19th relief plane of the Saudi air bridge, operated by King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.
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Trump’s return could signal new path for Israel, Gaza, Lebanon crisis
“Trump doesn’t like geopolitics. He prefers geo-economics,” said Nicolas Michelon, CEO of Asia Intelligence Advisory. “He wants to do business deals. Wars are bad for business.” This transactional approach could significantly impact the ongoing conflicts, particularly as Trump seeks to address domestic American challenges through international dealmaking. “This was America’s first geopolitical election,” said Abishur Prakash, geopolitical analyst and founder of The Geopolitical Business Inc. “The solutions to the challenges facing Americans passes through the world stage, and in that setup, Middle East becomes not just important, but monumental to Trump’s efforts to solve the various challenges weighing on Americans.”
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Contraband Whiskey and a Secret Royal Dinner: Wall Street Goes to Riyadh
Even a small “check,” or investment from a Saudi company or family, might be $100 million, earmarked for artificial intelligence initiatives or energy infrastructure, attendees said. On the higher end, there were groups such as the government’s official sovereign wealth fund, called the Public Investment Fund and led by the magnate Yasir Al-Rumayyan, willing to write multibillion-dollar checks.
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4,000-year-old ancient settlement discovered in Saudi Arabia’s Khaybar Oasis, sheds light on early urban life
The town, named al-Natah, was found within Khaybar’s walled oasis, a lush region surrounded by desert. Led by French archaeologist Guillaume Charloux, the team discovered a 14.5-kilometer wall enclosing the residential area. This discovery, published in the journal PLOS One, provides tangible evidence of organized occupancy. Dating back to around 2400 BC during the early Bronze Age, al-Natah is believed to have supported up to 500 residents. This highlights its importance in the region’s historical landscape and enhances our understanding of social and architectural developments of the time.
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18th Saudi Relief Plane Departs for Lebanon with Essential Aid Supplies
The 18th relief plane of the Saudi air bridge, operated by King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.
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Deputy Secretary Campbell’s Meeting with Saudi NSA al-Aiban and Minister al-Swaha
Deputy Secretary of State Kurt M. Campbell met today with Saudi Arabia’s National Security Advisor Musaid al-Aiban and Saudi Minister of Communications and Information Technology Abdullah al-Swaha. They discussed a range of efforts to expand U.S.-Saudi cooperation in artificial intelligence (AI) and other areas of science and technology. Deputy Secretary Campbell affirmed the United States’ commitment to partnering with Saudi Arabia to build advanced tech ecosystems and unlock the potential of safe, secure, and trustworthy and responsible AI. They also discussed continued efforts to de-escalate tensions and work toward lasting peace and security in the region.
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Lebanon, Israel could agree to ceasefire within days, Lebanese prime minister says
Lebanon's prime minister expressed hope on Wednesday that a ceasefire deal with Israel would be announced within days as Israel's public broadcaster published what it said was a draft agreement providing for an initial 60-day truce. The document, which broadcaster Kan said was a leaked proposal written by Washington, said Israel would withdraw its forces from Lebanon within the first week of the 60-day ceasefire. It largely aligned with details reported earlier by Reuters based on two sources familiar with the matter.
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Saudi Arabia condemns Israeli parliament’s decision to ban UNRWA
The move “constitutes a flagrant violation of international law and a direct violation of the rules of international legitimacy, in light of the unprecedented humanitarian catastrophe facing the brotherly Palestinian people,” the Saudi foreign ministry said in a statement carried by state news agency SPA.
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Heritage commission expands urban heritage register with 500 new sites
The newly registered sites are distributed across several regions, with Riyadh leading with 413 sites, followed by Makkah with 39, Al-Baha with 25, and smaller numbers in Hail (6), Jazan (5), Aseer (4), and two sites each in the Eastern, Najran, and Al-Jouf regions. Additionally, Tabuk and Qassim regions each registered one site.
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14th Saudi Relief Plane Departs for Lebanon with Essential Aid Supplies
The 14th relief plane of the Saudi air bridge, operated by King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.
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