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Saudi Technology Ventures Report Sees 45 New MENA Unicorns in the Next Eight Years
- August 10,2022
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- SUSTG Team
The MENA region is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more than $100 billion, according to a new Saudi Technology Ventures (STV) report.
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Saudi Ministry of Investment Releases Q2 Investment Highlights Report; 49 Closed Investment Deals Worth More Than $925m Inked
- August 8,2022
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- SUSTG Team
Saudi Arabia’s Ministry of Investment (MISA) released its 2Q 2022 Investment Highlights report, which touts over $925 million in investment deals in the second quarter of this year.
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Eyad Albayouk from Flat6Labs talks Saudi VC and KSA’s startup ecosystem, reacting to the unveiling of The Line at NEOM and more
- July 29,2022
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- SUSTG Team
Episode 54! The 966 talks with Eyad Albayouk from the VC firm Flat6Labs KSA. Eyad chats with us about Saudi Arabia’s growing startup ecosystem and entrepreneurship in the Kingdom, and the state of Saudi VC in 2022 as the Kingdom ramps up Vision 2030 execution. Before the interview, the hosts discuss the recently announced megaproject, […]
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Saudi Oil Exports Jump 106% Year-on-Year to Over $30 Billion in May 2022; US Sees Room for More Saudi, UAE Production
- July 28,2022
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- SUSTG Team
Saudi Arabia’s oil exports jumped 106 percent, reaching SR116 billion ($30 billion) during the month of May 2022 while compared to the same period last year, according to the latest report published by the General Authority for Statistics (GASTAT), released on Monday.
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Report: Saudi Arabia Plans Air Cargo Roadshows to Boost Distribution, Logistics Sector
- July 20,2022
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- SUSTG Team
Saudi Arabia plans to stage a number of roadshows in the next 12 to 18 months “as it seeks to persuade the likes of Amazon.com Inc., Alibaba Group Holding Ltd. and Deutsche Post AG’s DHL to help scale up air-cargo and distribution operations,” Bloomberg reports.
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Saudi Arabia’s King Salman Allocates $5.3 Billion in Inflation Relief Aid
- July 7,2022
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- SUSTG Team
Saudi King Salman bin Abdulaziz Al Saud issued a royal decree this week ordering the allocation of SR20 billion ($5.33 billion) in financial support to tackle the effects of the rising global prices and inflation.
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United Nations Recognizes Saudi Arabia’s Tawakkalna App with Public Service Award for 2022
- June 28,2022
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- SUSTG Team
Saudi Arabia’s game-changing Tawakkalna app has been awarded the United Nations Public Service Award 2022 for institutional resilience and innovative responses to the COVID-19 pandemic, Arab News and the Saudi Press Agency reported. The award was given to Dr. Abdullah bin Sharaf Alghamdi, President of the Saudi Data and AI Authority (SDAIA), at an annual forum that recognizes distinguished […]
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New Report Places Saudi Arabia at Seventh Most Competitive Economy Among G20 Countries
- June 15,2022
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- SUSTG Team
A new report published by the Switzerland-based International Institute for Management Development (IMD) said that Saudi Arabia ranked as the seventh most competitive economy among G20 countries in the organization’s publication, the World Competitiveness Yearbook 2022.
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A conversation with Mark Thompson and Neil Quilliam on their new book on Saudi Arabia, reacting to the latest with LIV Golf, and more
- June 10,2022
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- SUSTG Team
In episode 47, the hosts welcome on Dr. Mark Thompson and Dr. Neil Quilliam, authors of a new book on Saudi Arabia’s governance and policymaking, for a fascinating discussion on how decision-making is changing and evolving at all levels in Saudi Arabia as Vision 2030 continues apace.
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President Biden Praises ‘Courageous Leadership’ in Saudi Arabia over Yemen Truce; Plans June Visit
- June 2,2022
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- SUSTG Team
President Joe Biden praised Saudi Arabia’s “courageous leadership” on brokering and then leading the way to extend a U.N.-brokered ceasefire on Thursday between Yemen’s warring parties, according to reports. The comments come as President Biden reportedly is likely to visit the Kingdom this month.
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MUST-READS
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Saudi AramcoNon-oil activities increasingly important for Aramco
Saudi Aramco’s annual review, published on Thursday, highlights activities outside the traditional energy business — technology, innovation and human capital — which it sees as central to its corporate structure and which it believes will help maximize its value for the upcoming initial public offering (IPO).
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Saudi Oil PolicySaudi Aramco review confirms record crude oil production in 2016
The review shows that crude production at Aramco — the biggest oil company in the world — averaged a record of 10.5 million barrels of oil per day last year, much bigger than any of its rivals in Russia, Iran or the US. The record was for 2016, before a deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers to cut output came into force.
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Aramco and TotalSaudi Aramco, France’s Total study mixed feed cracker: sources
Saudi Aramco and France's Total are considering building a mixed-feed cracker and derivatives in Jubail, near their joint refining complex, industry sources said.
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Aramco and HyundaiSaudi Aramco, Hyundai Heavy to make engines and pumps together
The manufacturing facility, which is expected to create over 650 jobs, will be at the site of a $5.2 billion shipyard which Aramco and partners plan to build at Ras Al Khair on Saudi Arabia's east coast, Aramco said in a statement on Wednesday.
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Saudi Aramco Energy VenturesSaudi Aramco Energy Ventures acquires take in Irish wastewater company
Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of global oil giant Saudi Aramco, has acquired a major stake in Irish wastewater treatment technology company OxyMem.
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Saudi Aramco IPOLondon’s Fund Managers Soften Opposition To Saudi Aramco IPO
London’s top fund managers have thrown in the towel on their fight to stop Saudi Arabia’s state oil giant Aramco from listing shares on the London exchange, accepting that the “political will” to lure what is expected to be the biggest IPO in history is too strong to oppose, The Sunday Times reported.
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Saudi Aramco IPOHow Much Is Saudi Aramco Worth? It Depends On The Country’s Institutions
The eventual valuation of Aramco is hotly disputed. The Saudis have thrown out a figure of $2 trillion. Analysts doubt this figure. Some put the valuation as low as $500 billion, which would mean a lean diversification fund of $25 billion.
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Saudi Aramco IPOSaudi Aramco strives to curb its state role before IPO
As it eyes an appropriate dividend policy, Saudi Aramco is engaged in a frenetic exercise to separate the company’s core oil and gas business from the expensive and time consuming work it has undertaken for the state.
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Saudi Aramco IPOSaudi Aramco IPO Plans Slowed Over Where to List
Saudi Aramco’s concerns about the NYSE center mostly around the more litigious climate in the U.S. Last year there were 300 securities class-action lawsuits filed in U.S. federal courts, up 32% from 2015 and the most since 2001, according to NERA Economic Consulting.
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Saudi Aramco IPOBoost for London bid to land Saudi Aramco IPO
Saudi Aramco will not join the FTSE 100 stock index if it lists its shares in the UK, averting confrontation with City institutions and strengthening London’s status as frontrunner for a slice of the Saudi state oil group’s initial public offering.
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