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Goldman Sachs set to open Regional HQ in Riyadh
- May 24,2024
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- SUSTG Team
Bloomberg reports that Goldman Sachs Group Inc. has become the first Wall Street bank to receive a license from the Ministry of Investment to set up its regional headquarters in Riyadh.
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The 966 – Episode #129, Saudi Film Industry Six Years after Theaters Re-Opened with Todd Albert Nims
- May 22,2024
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- SUSTG Team
Theaters are booming, the Saudi film industry is creating successful local content and all metrics are up for the sector. Todd Albert Nims, creator, director and producer, joins The 966 to share his perspective on all the exciting changes underway.
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Aramco launches first quantum computer in Saudi Arabia
- May 20,2024
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- SUSTG Team
Aramco has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in Saudi Arabia.
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10th Saudi Film Festival Underway
- May 2,2024
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- SUSTG Team
The 10th Saudi Film Festival runs May 2-9 at the King Abdulaziz Center for World Culture (Ithra) in Dhahran. Debuting in 2008 this year’s edition has two main themes: Indian cinema and sci-fi films.
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Saudi Space Agency and WEF Establish Space C4IR Center
- April 30,2024
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- SUSTG Team
The World Economic Forum has signed an agreement with the Saudi Space Agency to establish a Centre for the Fourth Industrial Revolution (C4IR) focused on space. The Centre for Space Futures, set to open in autumn 2024, will be hosted by the Saudi Space Agency.
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Special World Economic Forum Convenes in Riyadh
- April 29,2024
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- SUSTG Team
The World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh convenes 1,000 global leaders from 92 countries on 28-29 April, to support global dialogue and find actionable, collaborative and sustainable solutions to shared global challenges.
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Saudi’s Regional Headquarters Program Moves Forward
- April 24,2024
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- SUSTG Team
In February the Zakat, Tax and Customs Authority published guidelines specifying RHQ tax rules. Under the new rules, specific activities qualify for tax incentives. The new RHQ tax rules aim to clarify the scope and conditions of tax relief for RHQ entities, as announced by MISA in December 2023.
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Prospects for Saudi Arabia hitting 2030 Renewable Energy Targets
- April 19,2024
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- SUSTG Team
In 2016 Saudi Arabia’s Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. The latest revision made in 2023 targets 130GW of renewable power capacity by 2030. GlobalData, a leading data and analytics company, says the Kingdom can come close to that target.
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MBS’ True Legacy
- April 10,2024
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- SUSTG Team
Writing in Al-Arabiya, Richard Wilson, SUSTG president and The 966 Co-host, points out the fundamental (rather than flashy) changes that represent Crown Prince Mohammed Bin Salman’s true legacy.
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U.S. Ambassador Michael Ratney joins The 966 for a truly informative Episode #127
- April 9,2024
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- SUSTG Team
U.S. Ambassador Michael Ratney shares his insights with The 966 in a wide-ranging conversation with Richard Wilson. Just over one year in his position, Amb. Ratney offers his perspective on change in Saudi Arabia and an evolving U.S.-Saudi relationship.
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MUST-READS
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How AI is reshaping Saudi Aramco’s oil exploration and underwater operations strategy
Saudi Aramco is spearheading the innovations by embracing cutting-edge technologies like artificial intelligence, both within its core operations and beyond, which places the company ahead of the curve. The Saudi state-owned oil company has significantly invested in research and development compared to its industry peers, allocating approximately 3.5 USD billion in 2023, representing a 15% annual increase despite global challenges. This investment is reflected in its innovative efforts, which extend beyond its primary operations.
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Saudi, US top diplomats discuss Gaza crisis in Riyadh
Saudi Foreign Minister Prince Faisal bin Farhan and US Secretary of State Antony Blinken discussed on Monday the importance of reaching an “immediate ceasefire” in the ongoing Gaza conflict as the Israeli threat of an operation in Rafah remains imminent. Prince Faisal met with Blinken in the Saudi capital Riyadh on the sidelines of joint talks between the US official and GCC foreign ministers.
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Top US diplomat to visit Saudi Arabia this weekend following China trip
The top US diplomat is scheduled to visit Saudi Arabia this weekend, diplomatic sources told Al Arabiya English on Tuesday.
Sources said Secretary of State Antony Blinken, who will travel to China this week, is expected to attend the World Economic Forum in Riyadh and may hold bilateral meetings on the sidelines.
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Iran’s military stays on ‘high alert’ as diplomacy ‘relies on Gaza’
While details remain unclear, Israel is suspected of having targeted military sites in central Iran and early warning facilities in Syria. The Iranians were informed that there would be Israeli activity via two regional channels carrying a message from the US, Amwaj.media has learned. Speaking on condition of anonymity, an Arab diplomatic source alleged that Israel was planning to strike earlier this week, but that the targets it chose were vetoed by the Joe Biden administration. Amwaj.media could not independently confirm this assertion.
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Saudi Arabia ramps up regional diplomacy to avert Iran-Israel war
“We are already in an unstable region, and the humanitarian catastrophe in Gaza is already inflaming the region,” Prince Faisal told a press conference with his Pakistani counterpart in Islamabad. “We do not need more conflict in our region; we do not need more confrontation in our region, so it is our position that the de-escalation must be everybody’s priority.”
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Top Saudi diplomat says Mideast can’t afford more conflict amid Iran-Israel tensions
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan said on Tuesday that the Middle East cannot afford further conflict, amid heightened tensions between Iran and Israel.
Speaking at a press conference with his Pakistani counterpart during a visit to Islamabad, Prince Faisal urged all parties to prioritize de-escalation.
Over the weekend, Iran launched hundreds of drones and missiles, including from its own territory, targeting Israel in retaliation for a deadly strike on Iran’s consulate in Damascus on April 1.
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Saudi Arabia warns against misuse of Umrah visas for employment purposes
The Ministry of Hajj and Umrah warned against the misuse of Umrah visas for purposes other than pilgrimage.Emphasizing the importance of adhering to the regulations, the ministry clarified that Umrah visas should not be utilised for work-related activities.
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US restricts travel for diplomats in Israel amid fears of Iran attack
The United States has restricted travel for its embassy personnel in Israel amid fears of an attack by Iran. The US embassy said staff had been told not to travel outside the greater Jerusalem, Tel Aviv or Beersheba areas "out of an abundance of caution". Iran has vowed to retaliate, blaming Israel for a strike on its consulate in Syria 11 days ago, killing 13 people. Two US officials have told the BBC's US partner CBS News that an attack could come as soon as Friday.
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Riyadh Air’s first intake of female Saudi engineers commence diploma course
The female engineers will study under the supervision and guidance of Aviation Australia and the International Aviation Technical College at Riyadh Airport, this follows an MOU signed between Riyadh Air and the Colleges of Excellence in August 2023 and is the first collaboration of many between the organisations.
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Iranian top diplomat due in US amid fears of Iran-Israel war
Amid expectations of retaliation for Israel’s suspected killing of senior Iranian military figures in Syria, Tehran’s top diplomat is set to travel to New York next week, Amwaj.media has learned. Informed sources say Foreign Minister Hossein Amir-Abdollahian plans to attend a UN Security Council meeting on Palestine, likely to be held on Apr. 18. While the US State Department has declined to comment on the visit, Iranian sources have alleged that entry visas have been issued for Amir-Abdollahian and his entourage.
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