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Recent stories from sustg
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An exclusive interview with Dr. Mehmood Khan, founding CEO of Saudi Arabia’s HEVOLUTION Foundation
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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Fitch Affirms Saudi Arabia’s Public Investment Fund at ‘A+’; Outlook Stable
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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Aramco produces first unconventional tight gas at South Ghawar
Aramco has successfully produced the first unconventional tight gas from its South Ghawar operational area two months ahead of schedule. This development supports Aramco’s strategy to increase gas production by more than half, over 2021 levels, through 2030, subject to domestic demand.
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AlUla’s Ancient Kingdoms Festival Spotlights the Region’s History
The Ancient Kingdoms Festival in AlUla, Saudi Arabia returns for its second year November 16-December 2. The festival celebrates the three great oases of AlUla, Khaybar, and Tayma.
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Iranian President Meets with Crown Prince Mohammed bin Salman for First Time with Regional Stability in the Spotlight
Ebrahim Raisi has become the first Iranian president to visit Saudi Arabia in over a decade, meeting with Crown Prince Mohammed bin Salman for the first time in the Kingdom.
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Google to Launch Saudi Cloud Region this Week, VP Says
Google will launch its Saudi Arabian cloud region this week, Anthony Cirot, Google Cloud’s EMEA South VP, posted on LinkedIn this week.
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The Saudi economy and government spending with former IMF Country Head for Saudi Arabia Tim Callen, big announcements from The 966, and much more…
Tim Callen, ex-IMF Mission Chief to Saudi Arabia and Visiting Fellow at AGSIW, joins The 966 to discuss Saudi Arabia’s budget, government spending, and more. Tim’s most recent piece for AGSIW discusses how increased spending in Saudi Arabia raises risks to the Saudi budget. The hosts take advantage of Tim’s extensive experience and vast knowledge on how […]
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Saudi Arabia signs $533m deals with Africa; PIF Plans Investment Announcements – Reports
Saudi Arabia signed over SR2 billion ($533 million) worth of agreements with African countries during a special conference in a “significant boost to the Kingdom’s ties with the continent,” according to reports.
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Saudi Arabia to Convene Emergency Arab Summit in Riyadh ‘In the Next Few Days’ and Will Postpone Arab-African Summit
Saudi Investment Minister Khalid Al Falih said the Kingdom would convene an emergency Arab summit in Riyadh “in the next few days” to discuss the ongoing war in Gaza.
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Saudi Arabia Launches Separate Real Estate Registry, Indicators Platforms – Report
Saudi Minister of Municipal and Rural Affairs and Housing and Chairman of the Board of Directors of the Real Estate General Authority Majid al-Hogail launched on Monday the Real Estate Registry platform and the Real Estate Indicators platform on the sidelines of the Saudi Proptech Summit, according to a report in the Saudi-owned Asharq Alawsat.
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MUST-READS
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Saudi Arabia to open for new investments: SABIC CEO
Yousef Abdullah Al-Benyan, CEO of SABIC, says the Saudi 2030 plan will open up new investment opportunities for Chinese companies.
- CNBC - CNBC Transcript: Yousef Abdullah Al-Benyan, CEO, Saudi Basic Industries Corporation
- CNBC - Saudi Arabia and China just hit the 'next level' for strategic collaboration, Saudi CEO says
- 4 Traders - Saudi Basic Industries SJSC : Salman's Japan visit will have deep impact
- Arab News - Sino-Saudi synergy to create huge opportunities, says Aramco chief
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Shell Exits Third Saudi Project After Ending Sabic Venture
Saudi Basic Industries Corp. agreed to buy out Royal Dutch Shell Plc’s 50 percent stake in a petrochemical joint venture for $820 million, marking the third project with Saudi Arabia’s largest companies that the Anglo-Dutch company has exited since 2014.
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Sabic, Saudi Aramco Form Team to Rush Oil-to-Chemicals Project
Processing petroleum directly into chemicals will allow Saudi Arabia to cut out a costly intermediate link in the production of plastics.
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Saudi’s SABIC sells Polymershapes unit to U.S. firm
Saudi Basic Industries Corp (SABIC) 2010.SE has agreed to sell its Polymershapes unit to U.S. investment firm Blackfriars Corp, SABIC said without giving a value for the deal.
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Saudi’s SABIC says studying petchems JV with Exxon Mobil affiliate
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, said on Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of U.S. Exxon Mobil.
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Aramco, Sabic One Step Closer to Turn Oil Into Chemicals
Saudi Arabian Oil Co. and Saudi Basic Industries Corp. are one step closer to building their first plant to process crude directly into chemicals, cutting out a link in the production chain from hydrocarbons to the finished products that go into plastics and other consumer goods.
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Saudi’s SABIC agrees petrochemicals project with China’s Shenhua
SABIC said in a statement the joint project would be a "greenfield petrochemical complex" located in the Ningxia Hui Region of China and would help the Saudi company diversify its feedstock sources.
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Aramco to sign chemicals project deal with SABIC
Saudi Aramco expects soon to sign a memorandum of understanding with Saudi Basic Industries Corp. for a joint oil-to-chemicals project, CEO Amin Nasser said.
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Saudi Aramco, Sabic Said to Study Plan for Joint Oil Refinery
Saudi Arabian Oil Co. and Saudi Basic Industries Corp. are studying a plan to build a joint refinery that would produce chemical products directly from crude oil, according to two people with knowledge of the talks.
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Saudi Arabia’s SABIC sees oil market reaching point of “stability”
Oil markets may be about to reach some stability after a torrid run that pushed prices to their lowest level in over a decade, the vice chairman and acting chief executive of Saudi petrochemicals giant, SABIC said Wednesday.
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