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  • Saudi Arabia Is Said Close to Lifting Ban on Qatar’s BeIn

    Saudi Arabia is close to formally lifting a ban on Qatari sports broadcaster BeIn Media Group, potentially removing a major obstacle to the kingdom’s pursuit of U.K. soccer team Newcastle United FC, according to a person familiar with the matter. A decision could come as soon as the coming weeks, allowing BeIn to begin selling subscriptions to its sports content in the kingdom, the person said, asking not to be identified discussing confidential information. Talks are ongoing and could still fall apart, they said.

  • Expected Impact of U.S. Monetary Policy Tightening on GCC Banks

    The last time such rate hike cycle was followed (2015-2019), there were specific set of winners in terms of GCC banks, who witnessed substantial rise in their market capitalization. We conducted a detailed analysis to study how changes in the US monetary policy affects the profitability of GCC banks over the past 13 years (quarterly intervals).

  • CITC publishes updated IMT regulatory document on commercial spectrum bands

    CITC has identified an additional 4 GHz of spectrum for use by 5G technologies and has also set a timeframe for the release of this additional spectrum to the market, which will take place through two auctions over the period 2021-2023.

  • Taliban government behaviour ‘not encouraging’, says EU foreign policy chief

    The EU diplomat, who is in Riyadh following visits to Qatar and the United Arab Emirates, said he briefed his partners on the prospects for restarting nuclear talks and exchanged views with Saudi officials on Yemen and Afghanistan.

  • SoftBank-backed Indian hotels group Oyo eyes a $1.1 billion IPO

    Besides being among India’s highest-valued unicorn with its most recent fund-raising pegging it at $9.6 billion, Oyo is Softbank’s choice investment pick in India. The Japanese giant started investing in the company in 2015, two years after it was founded by then 19-year-old Riteish Agarwal, and then transferred its stake to the Vision Fund in 2018. The fund has invested around $2 billion in Oyo since.

  • Bomb at Kabul mosque kills 5 civilians, Taliban say

    There was no immediate claim of responsibility, but suspicion fell on Islamic State extremists who have stepped up attacks on the Taliban in recent weeks, particularly in an IS stronghold in eastern Afghanistan.

  • Turkish neobank Papara targets 50 million users by 2024

    Papara will be one of the first to apply for a bank licence under new Turkish legislation for digital lenders, drafted by Ankara this August. Papara is licensed in Turkey as an electronic money company, but the company could soon offer a full range of banking services to retail and small and medium-sized enterprise customers, after the new digital bank legislation comes into force early next year.

  • The Taliban and Drugs from the 1990s into Its New Regime

    Perhaps nowhere in the world has a country and the international community faced an illicit drug economy as deeply entrenched as in Afghanistan. In 2020, opium poppy was cultivated on some 224,000 hectares in Afghanistan, one of the highest levels of cultivation in the country.[1] In 2017, the drug economy in Afghanistan reached levels even higher—unprecedented anywhere in the world at least since World War II.

  • Saudi Central Bank to extend loan relief programme for SMEs until December

    The Deferred Payment Programme, which was established in March last year, has been extended until December 31, the Saudi Central Bank said in a statement on Wednesday. The scheme was previously extended in June for three months until September 30. The programme has been extended “for the benefit of micro, small and medium enterprises [MSME] that continue to be affected by the Covid-19 precautionary measures”, the central bank said.

  • Saudi approves licence for National Bank of Egypt branch, SPA reports

    Saudi Arabia's cabinet approved on Tuesday the licence for the National Bank of Egypt to open a branch in the kingdom, Saudi state news agency SPA reported.