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Recent stories from sustg
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Fitch Affirms Saudi Arabia’s Public Investment Fund at ‘A+’; Outlook Stable
- November 17,2023
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- SUSTG Team
Fitch Ratings has affirmed Saudi Arabia’s Public Investment Fund’s (PIF) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘A+’ with Stable Outlook, the organization said in a press release.
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Saudi Arabia’s Media Powerhouse SRMG Makes Strategic Investment in Anghami, Spotify’s MENA Region Rival
- August 22,2023
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- SUSTG Team
SRMG Ventures, the venture capital arm of Riyadh-based conglomerate and the largest publishing company in the Middle East, the Saudi Research and Media Group, has announced a $5 million investment in Anghami, which is the Arab world’s rival to Spotify, according to Variety.
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Dollar-priced oil ending? What’s the story?
- July 8,2024
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- SUSTG Team
A claim emerged in Chinese-language social media posts in June that Saudi Arabia terminated a 50-year formal agreement with the United States to conduct oil transactions in U.S. dollars, under a deal called the “petrodollar agreement.”
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PIF Increases Investment in Lucid
- March 27,2024
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- SUSTG Team
Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator.
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House Prices in Riyadh Continue Climb into Record Territory — Knight Frank Report
- February 14,2024
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- SUSTG Team
Global real estate consultancy Knight Frank released today its Winter 2023/24 Saudi Arabia Residential Market Review, available now on the company’s website.
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An exclusive interview with Dr. Mehmood Khan, founding CEO of Saudi Arabia’s HEVOLUTION Foundation
- November 20,2023
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- SUSTG Team
The 966 speaks with Dr. Mehmood Khan, CEO of Saudi Arabia’s Hevolution Foundation, a global non-profit revolutionizing the healthspan field launched by Royal Decree and chaired by HRH the Crown Prince Mohammed bin Salman. Dr. Khan shares his journey, Hevolution’s vision and insights into how he is working to build the organization’s operations from the […]
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Report: Biden Considers Another Bilateral Meeting with Crown Prince Mohammed bin Salman at G20 to Talk Saudi-Israel Mega Deal
- August 21,2023
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- SUSTG Team
President Biden is considering a bilateral meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of next month’s G20 summit in New Delhi, India, to discuss the recently-reported proposal for the Kingdom and Israel to move toward establishing relations, four sources with knowledge of the issue told Axios.
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The Impact of Healthcare Investments on Saudi Arabia’s economy
- July 9,2024
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- SUSTG Team
The Observer Research Foundation, a leading think tank based in India, examined Saudi Arabia’s spending and strategy with regard to improving health care for its citizens.
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Saudi Arabia to join Miss Universe for the first time
- March 26,2024
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- SUSTG Team
27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.
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Saudi Family Office Mithaq Capital Buys Majority Stake in Struggling Retailer Children’s Place
- February 15,2024
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- SUSTG Team
Saudi Arabia’s Mithaq Capital, a family office owned by the Al Rahji Family, snapped up shares in struggling children’s retailer The Children’s Place to take a majority stake in the company, Semafor reports.
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Shifting Hodeidah frontlines push more Yemenis to flee homes
Hasan Jafar Hasan fled his home at night in a crowded truck after a sudden withdrawal of Yemeni forces under a Saudi-led coalition from around the port city of Hodeidah shifted long-standing frontlines. Fearful of an unstable situation as Houthi forces moved into the spaces left by retreating government troops, Hasan and his family have joined the around 4 million Yemenis displaced by the seven-year-old conflict.
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Yemen Houthis Say Nearly 15,000 Rebels Killed Since Mid-June
Marib city is the internationally-recognized government’s last major stronghold in Yemen’s oil-rich north. The Iran-backed Houthis began a major push to seize the city last year. The battle was halted multiple times due to negotiations, but the rebels renewed their attacks in February, there was a major assault in June, and a renewed push since September.
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Saudi-led coalition targets Yemen sites after attempted drone attack
A Saudi-led coalition carried out a wide operation against targets in Yemen after intercepting and destroying a drone that attempted to attack Saudi Arabia's Abha international airport, Saudi state media said early on Thursday. The coalition was taking "operational measures to deal with the sources of hostile cross-border attacks," Saudi state news agency SPA reported.
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U.S. envoy Lenderking returns to Gulf for talks on Yemen, Iran
U.S. Special Envoy for Yemen Tim Lenderking is visiting Saudi Arabia and Bahrain to coordinate on regional security and concerns over Iran, and for talks on U.N.-led peace efforts for Yemen, the State Department said on Tuesday. It said Lenderking would also discuss the detention by Yemen's Iran-aligned Houthi movement, the de facto authority in the north, of some Yemeni staff at the U.S. embassy compound in the capital, Sanaa, which was closed in 2015.
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UN calls for new talks on Yemen’s Hodeidah port as frontlines shift
A U.N. monitoring mission on Monday called on Yemen’s warring parties to hold new talks over Hodeidah as the Saudi-led coalition strafed areas south of the port city, where Houthi fighters advanced in the wake of withdrawing coalition forces.
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Clashes erupt in Yemen’s Hodeidah as pro-coalition forces cede ground to Houthis
Yemen's warring sides clashed south of the Red Sea port city of Hodeidah late on Saturday, after Iranian-backed Houthi fighters moved into territory ceded by forces allied to a Saudi-led coalition, military sources and witnesses said. Yemeni forces backed by the United Arab Emirates had on Friday announced they were redeploying from around Yemen's main port in the west, a move which a U.N. monitoring mission and the government said they had no advance notice of.
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Saudi-led coalition pushes back on reports of troop withdrawals from Yemen
Riyadh has sought an exit to the war, but the Houthis have ignored a Saudi cease-fire proposal put forth last year. The Yemeni rebels have demanded the Gulf coalition fully lift its blockade of Yemen’s ports and main airport, which has been criticized by the UN.
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Saudi-led coalition says troops redeploying in Yemen, not withdrawing
The Saudi-led coalition fighting the Iran-aligned Houthis in Yemen said on Wednesday its troops were redeploying in line with its strategy to support Yemeni forces, but were not withdrawing. Yemeni security sources told Reuters the Saudi military had withdrawn from a major military base in Burayqah district in the southern port city of Aden, removing troops, hardware and heavy artillery.
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Special Envoy Lenderking and Chargé Westley’s Visit to Aden, Yemen
U.S. Special Envoy for Yemen Tim Lenderking and Chargé d’Affaires of the U.S. Embassy to Yemen Cathy Westley visited Aden, Yemen today. During the trip, they met with Prime Minister Maeen Abdulmalek Saeed, Foreign Minister Ahmed Bin Mubarak, Aden Governor Lamlas, other senior government officials, and representatives of Yemeni civil society.
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U.S. Special Envoy for Yemen Lenderking’s Travel to the Middle East
The Special Envoy and his team remain focused on the need for the Houthis to stop their offensive on Marib and repeated attacks against civilian areas, which are exacerbating the humanitarian crisis.
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