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  • Saudi Arabia launches $182 million incentives for mineral exploration

    The Saudi Ministry of Industry and Mineral Resources, in partnership with the Ministry of Investment, has unveiled a new incentives package for mineral exploration valued at approximately SR685 million ($182 million). This initiative is designed to attract investors to the exploration sector and is committed to nurturing local talent and expertise within the mining industry. The incentives aim to improve geological understanding, uncover untapped mineral resources, and foster the growth of domestic exploration capabilities.

  • What’s the Happiest Country on Earth?

    For the first time in the report’s 12-year history, the U.S. didn’t earn a spot among the top 20 happiest countries in the world. It’s No. 23 -- down from a 15th-place finish the previous year. The report, which ranks countries by age group for the first time, shows the U.S. decline is at least partly attributable to Americans under age 30 feeling worse about their lives. The U.S. still ranks in the top 10 countries for those 60 and older, with a score of 7.258 out of 10. But for those under 30, it ranks 62nd, with a score of 6.392. While the U.S. lost ground, Finland retained its crown as the happiest country in the world for the seventh straight year. But it wasn’t No. 1 for those under 30 or over 60. Lithuania and Denmark, respectively, took those honors.

  • Saudi cabinet approves agreement to establish regional IMF office in Riyadh

    Saudi Arabia's cabinet on Tuesday approved an agreement to establish a regional office for the International Monetary Fund in the capital, Riyadh, Saudi state news agency SPA reported.

  • Milley, McKenzie detail mistakes that led to Afghan evacuation chaos

    McKenzie said the chaos was due in large part to State Department foot-dragging before it ordered a non-combatant evacuation operation, or NEO, on Aug. 14. “As you are aware, the decision to begin a NEO rests with the Department of State, not the Department of Defense. Despite this, we had begun positioning forces in the region as early as 9 July, but we could do nothing to commence the operation of  evacuation until NEO was declared,” Mckenzie said.

  • Turkey says Saudi prince has asked to meet Erdogan at G20

    Turkey's Foreign Minister Mevlut Cavusoglu said in an interview published on Tuesday that Saudi Crown Prince Mohammed bin Salman had asked for a meeting with Turkish President Tayyip Erdogan and that there was currently no reason not to meet him.
    "Yes, he has asked Erdogan on the phone, whether they could meet in Buenos Aires. Erdogan's answer was 'Let's see'," Cavusoglu told Germany's Sueddeutsche Zeitung newspaper.

  • Saudi Arabia plans $40 bln push into artificial intelligence, NYT reports

    Saudi Arabia's government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the plans.
    Representatives of Saudi Arabia's Public Investment Fund (PIF) have discussed a potential partnership with U.S. venture capital firm Andreessen Horowitz and other financiers in recent weeks, the newspaper reported.

  • 15th Saudi aid plane for Ukrainians arrives in Poland

    A 15th Saudi plane carrying aid for the Ukrainian people has arrived at Poland’s Rzeszow Airport which is located near the Ukrainian border, Saudi Press Agency reported on Tuesday. The plane was carrying 70 tons of relief items, including electric generators and appliances. The aircraft was operated by the King Salman Humanitarian Aid and Relief Center, and will later cross the Polish border into Ukraine.

  • French minister tours cultural highlights during Saudi visit

    Prince Badr bin Abdullah bin Farhan, Saudi Arabia’s culture minister, received his French counterpart Rachida Dati, who is currently on a visit to the Kingdom. Prince Badr commended the robust cultural relations between the Kingdom and France, emphasizing their recent development and the Saudi leadership’s commitment to further strengthening bilateral cultural connections.

  • Russia, Saudi to continue OPEC+ cooperation

    Russian President Vladimir Putin and Saudi Crown Prince Mohammed Bin Salman yesterday expressed their willingness to continue developing friendly relations and cooperation between the two countries and coordination in OPEC+.
    The Kremlin said in a statement: “The two sides expressed their willingness to further develop friendly relations and mutually beneficial cooperation between the Russian Federation and the Kingdom of Saudi Arabia. The effectiveness of coordination between the two countries in OPEC+ was specifically emphasised.”

  • Saudi Arabia: Enhanced IP Landscape with New Designs Law

    The amendments to Saudi Arabia’s intellectual property law are reflective of a broader strategic intent to cultivate an innovation-driven economy, aligning with Vision 2030 objectives. By extending the protection period and integrating with international standards, Saudi Arabia is positioning itself as a competitive jurisdiction for intellectual property within the global landscape. For businesses and IP professionals, these changes necessitate a reevaluation of intellectual property strategies, particularly in terms of portfolio management, international filings, and the financial planning of annuities. The extended protection period, in particular, offers a new dynamic in the calculation of the lifecycle value of designs, potentially altering investment and development strategies.