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  • Saudi Arabia Football Clubs to Curb Spending in Next Transfer Window

    Saudi Arabia’s football clubs will not repeat their footballing spending spree this summer, after the Kingdom made plans to reduce losses and build a more sustainable domestic transfer market. Saudi clubs were allocated a three-year budget last summer by the state’s sovereign wealth fund, and there are no plans in place yet to increase this allocation, according to Carlo Nohra, Chief Operating Officer of the Saudi Pro League.

  • An introduction to the Tawaref series

    The Saudi Arabian investment landscape has been thriving in recent years, attracting investors from around the globe. With the introduction of business-friendly reforms and attractive incentives by the Saudi Government, the country has become an increasingly potent and vibrant market for entrepreneurs and investors alike.

  • Tawaref Series: navigating Saudi expansion

    In today's interconnected global economy, tech entrepreneurs are continually exploring new frontiers to expand their businesses and harness fresh opportunities. Saudi Arabia has emerged as a compelling prospect for these entrepreneurs, boasting a rapidly advancing economy and a strategic geographical position. However, making strides into a new market demands careful evaluation of challenges and considerations.

  • An introduction to the Tawaref series

    The Saudi Arabian investment landscape has been thriving in recent years, attracting investors from around the globe. With the introduction of business-friendly reforms and attractive incentives by the Saudi Government, the country has become an increasingly potent and vibrant market for entrepreneurs and investors alike.

  • New Saudi real estate visa a massive boost for investors; ultra-rich eye $2bn opportunity with high returns

    Saudi Arabia’s Premium real estate visas will attract high net worth investors to the Kingdom, according to analysis by global property experts Knight Frank. Muslim global high net worth individuals (HNWI) are prepared to spend $1.96bn on real estate in the Holy Cities of Makkah and Madinah, said Knight Frank in its inaugural Destination Saudi report. Knight Frank surveyed 506 Muslim global HNWI from nine countries to understand their attitudes, aspirations and appetite towards real estate investment in the Holy Cities of Makkah and Madinah.

  • Aid ship leaves Cyprus bound for Gaza as Palestinians on brink of famine

    A ship carrying 200 tonnes of aid for Gaza left Cyprus on Tuesday in a pilot project to open a sea route to deliver supplies to a population aid agencies say is on the brink of famine. The charity ship Open Arms was seen sailing out of Larnaca port in Cyprus, towing a barge containing flour, rice and protein. The mission was funded mostly by the UAE and organised by U.S.-based charity World Central Kitchen (WCK).

  • PIF ranks 5th among sovereign wealth funds globally, nears $1tn in net assets 

    Saudi Arabia’s sovereign wealth fund has climbed to fifth in a ranking of state-owned investment organizations, with its net assets reaching $861 billion, according to a new report.  The US-based Sovereign Wealth Fund Institute stated that the Public Investment Fund is marching toward its end-2025 target of $1 trillion in assets, which is intended to enhance the Kingdom’s diversification efforts.  The significant rise in the PIF’s ranking follows its acquisition of an additional 8 percent stake in Aramco, boosting its shareholding’s estimated value to $328 billion. 

  • Opinion: Biden Is Right. Netanyahu Is Damaging Israel’s Future

    Netanyahu has been a catastrophic leader for the state of Israel. His core policies, focused on settling the territory of the West Bank and ensuring there could never be a Palestinian state, were responsible for shifting the attention of Israel’s security forces away from Gaza. Hamas alone made the choice to launch its savage Oct. 7 attack, but Netanyahu’s misguided policies allowed it to succeed.

  • Gaps between Biden and Netanyahu surface in public

    President Joe Biden has voiced doubts about how Israeli Prime Minister Benjamin Netanyahu is handling the Gaza war, saying that Netanyahu may be “hurting Israel more than helping Israel” in an interview this weekend. This prompted Netanyahu to respond in public, rejecting the criticism. This exchange of different views via the media highlights gaps that have been emerging for several months now in private conversations between the leaders and their teams, most of which have centered on tactical differences in policy approaches over how Israel is handling the war against Hamas in Gaza.

  • Aramco Equity Transfer Helps the Public Investment Fund, Hurts Saudi Government Budget

    Crown Prince Mohammed bin Salman announced March 7 that a further 8% of Saudi Aramco’s equity has been transferred to the Public Investment Fund. The PIF now holds 16% of Aramco’s equity and the government 82.2%, with the remainder held publicly following the company’s 2019 initial public offering. This latest equity transfer is no surprise given the ambitious target that has been set for growing the PIF’s assets under management. With the equity transfer valued at around 615 billion riyals ($164 billion), the PIF’s assets under management are now likely in excess of 3.3 trillion riyals ($890 billion) and rapidly closing in on the 2025 target of 4 trillion riyals ($1.1 trillion).