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Recent stories from sustg
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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
- May 26,2022
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- SUSTG Team
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
- May 18,2022
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- SUSTG Team
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.
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New Rules Build on Saudi Efforts to Eliminate Use of Islamic Charities for Extremist Funding
- April 21,2022
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- SUSTG Team
New rules from the Saudi government have been put in place to make it harder for charities in Saudi Arabia to become donators to extremists causes both inside and outside of the Kingdom, according to a report. The Saudi Public Prosecution has banned the establishment of private websites to collect donations for charitable work outside the kingdom, in […]
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In Speech, Head of Yemen’s New Presidential Council Rashad Al-Alimi Pledges Peace
- April 11,2022
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- SUSTG Team
The head of Yemen’s new presidential council Rashad Al-Alimi said on Friday he would end the war with a commitment to a peace process, in his first speech since power was delegated to the body by the Saudi-backed president this week, according to Reuters.
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Venture capitalist Amjad Ahmad joins The 966 to talk about Saudi Arabia’s startup ecosystem
- April 6,2022
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- SUSTG Team
The Kingdom’s nascent startup ecosystem is growing in nearly every metric, but is still in its early stages. How can Saudi Arabia continue to develop it so that it stands on its own? Amjad Ahmad, managing partner of the VC firm Precinct Partners and director and resident senior fellow of empowerME at the Atlantic Council’s […]
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President Biden Praises Saudi Efforts Toward Peace in Yemen; Two-Month Ceasefire Begins
- April 4,2022
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- SUSTG Team
A UN-brokered two-month ceasefire in Yemen began on Sunday with warring parties agreeing to avoid conflict as the Holy Month of Ramadan begins, with President Biden praising Saudi Arabia’s diplomatic efforts in a statement.
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Saudi Arabia Qualifies for the World Cup in Qatar after Australia Loss
- March 24,2022
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- SUSTG Team
Saudi Arabia has qualified for the World Cup in Qatar from Asia Group B after Australia lost to Japan 2-0 in Sydney, according to the Associated Press. With that win, Japan was on top of the group with 21 points, two ahead of Saudi Arabia before it faced China later Thursday.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Saudi Women Cheer Kingdom’s New Personal Status Law
- March 10,2022
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- SUSTG Team
Saudi Arabia’s new personal status law which will further empower Saudi women will be enacted within 90 days, Saudi Arabia’s Crown Prince Mohammed bin Salman said, noting that it was “comprehensive in addressing all the problems that the family and women were suffering from.”
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Latest Jadwa Chartbook: Saudi Investors Unfazed So Far on Russian Invasion; Consumer Spending Climbs
- March 2,2022
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- SUSTG Team
The latest edition of the monthly chartbook from Jadwa Investment found some encouraging data points on the Saudi economy, as observers of the Kingdom look for a strong year of growth in 2022.
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MUST-READS
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Saudi Aramco IPOOpinion: UK should not bend the IPO rules for Saudi Aramco
Selling a tiny stake in an exotic company through conventional flotation is a stretch
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Public Investment FundBuyout Firms Eye Gusher of Cash From Aramco IPO
With less than two weeks’ notice last month, more than a dozen of the top global money managers accepted a dinner invitation halfway around the world. The host: Yasir al-Rumayyan, head of Saudi Arabia’s Public Investment Fund, which is set to become the world’s largest sovereign-wealth fund in coming years—and potentially their biggest benefactor, if the kingdom’s state-owned oil company goes public as planned.
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Saudi Aramco IPOLawyers warn Saudi Aramco of New York IPO litigation risks
Saudi Arabia is nearing a long-awaited decision on the main international stock exchange for the initial public offering of its state energy company, with lawyers advising the kingdom that a New York listing poses the greatest litigation risk of any jurisdiction.
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Saudi AramcoSaudi Aramco trading arm hiring staff for Singapore push: sources
The trading arm of oil giant Saudi Aramco is looking to step up hiring for its Singapore office as it pushes into the regional energy hub, three sources with knowledge of the matter said.
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Gulf ShipyardSaudi Aramco signs deals to build Gulf’s biggest shipyard
Saudi Aramco plans to build the Gulf's largest shipyard through a joint venture with three companies that it announced on Wednesday, a $5.2 billion project aimed at helping reduce the economy's reliance on oil.
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MotivaSaudi Aramco to spend $18 billion on growth in the Americas: Motiva
Saudi Aramco plans to spend $18 billion in the next five years to expand its operations in the Americas, focusing on its U.S. oil refining subsidiary Motiva Enterprises, Motiva said on Thursday.
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Saudi Aramco IPOSaudi Aramco Struggles to Disengage From Royal Family’s Projects
The kingdom wants to list a minority of Aramco’s shares in what could be the world’s largest-ever initial public offering, planned for the second half of 2018. First, however, the company needs to be separated from the kingdom.
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PetroRabighSaudi Aramco’s Only IPO Foray Provides a Cautionary Tale
The listing was meant to be a test case of how its parent, formally known as Saudi Arabian Oil Co., could use the markets to finance projects and transfer a piece of the country’s oil wealth to ordinary Saudis. But from the beginning, PetroRabigh ran into trouble: the petrochemical complex suffered a fire, lost power multiple times and accumulated debts.
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Hospitality TrainingAramco to establish hospitality training center for Saudi youth
Saudi Aramco signed a Memorandum of Understanding with the Technical and Vocational Training Corporation (TVTC) and the Saudi Commission for Tourism and National Heritage (SCTH) to establish the National Training Center for Facilities and Hospitality Management (NTCFHM), which aims to develop and prepare Saudi youth to work in the management and operation of public and private service facilities as well as the tourism and hotel sector jobs in the Kingdom.
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Saudi AramcoAramco Plans at Least 10 Energy Deals During Trump Visit
Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with the matter.
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