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IMF Raises Saudi Economy Growth Forecast for 2023 to 3.7%, Despite ‘Gloomy’ Global Developments
- July 27,2022
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- SUSTG Team
The International Monetary Fund has raised its expectations for the growth of the Saudi economy in 2023 to 3.7 percent, up from its April forecast of 3.6 percent.
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Saudi Stock Exchange Tadawul Plans to Launch Single Stock Futures on July 4
- June 27,2022
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, said it plans to launch single stock futures on July 4, “which will enable local and international investors to hedge and manage portfolio risks more effectively,” Reuters reports.
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Leading Saudi architect and urban designer Dhay Aldhawyan joins The 966, MBS visits regional powers, and much more…
- June 24,2022
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- SUSTG Team
In episode 49, The 966 welcomes Dhay Aldhawyan, a leading architect and urban planner based in Riyadh who is Head of the Center for Development of Urban Design and Planning of Saudi cities, to discuss her journey and some of the big projects and developments happening now across Saudi Arabia. The 966 hosts also discuss […]
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A conversation with Mark Thompson and Neil Quilliam on their new book on Saudi Arabia, reacting to the latest with LIV Golf, and more
- June 10,2022
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- SUSTG Team
In episode 47, the hosts welcome on Dr. Mark Thompson and Dr. Neil Quilliam, authors of a new book on Saudi Arabia’s governance and policymaking, for a fascinating discussion on how decision-making is changing and evolving at all levels in Saudi Arabia as Vision 2030 continues apace.
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Saudi-Israeli normalization, women in family businesses in Saudi Arabia, and a conversation with management consultant Jack Fowler from YCP Solidiance
- June 3,2022
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- SUSTG Team
Episode 46! The 966 talks with Jack Fowler, director at the global management consulting firm YCP Solidiance and co-author of a new white paper on Saudi Arabia’s construction industry. But first, the hosts talk about “normalization” between Saudi Arabia and Israel, Saudi women in family businesses in the Kingdom, and then wrap up the week’s […]
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King Salman Appoints Former Ambassador to the United States Adel Al-Jubeir as Envoy for Climate Affairs
- May 30,2022
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- SUSTG Team
King Salman has appointed Adel Al-Jubeir as Saudi Arabia’s envoy for climate affairs, according to a royal order issued over the weekend. The appointment builds on the official portfolio of Al-Jubeir, who will continue holding his current positions of minister of state for foreign affairs and member of the Council of Ministers.
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Spotlight on Saudi at Davos, island diplomacy, and legal reforms with Saudi-based attorney Chris Johnson
- May 27,2022
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- SUSTG Team
In Episode 45 this week, The 966 hosts welcome back Saudi-based attorney Chris Johnson to discuss Saudi Arabia’s new personal data privacy law, investment law, and other ongoing legal and regulatory reforms taking place in the Kingdom. Before that conversation, the hosts discuss Saudi Arabia’s strong presence at the World Economic Forum in Davos, an […]
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MBZ takes the reins in the UAE, the PIF’s Saudi Coffee Co., and much more…
- May 20,2022
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- SUSTG Team
Episode 44 📈 The hosts talk about the UAE’s long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan, who was elected as president of the UAE a day after the death of former leader Sheikh Khalifa. They also discuss Saudi Arabia’s Public Investment Fund’s (PIF) new venture into the nascent coffee sector in caffeine-thirsty […]
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Jon Alterman from the Center for Strategic and International Studies joins The 966 to talk about the Middle East in an evolving global order, U.S.-Saudi relations
- May 6,2022
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- SUSTG Team
In Episode 42, the ever-insightful Dr. Jon Alterman from the Center for Strategic and International Studies (CSIS), one of the leading think tanks in Washington, joins The 966 to talk about a changing global order and the Middle East’s role in it. The hosts ask Jon about his work to-date, including building the fascinating and […]
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Dr. Fatimah Alhamlan from KFSHRC and founder of Rofaida joins The 966, Biden’s pick for Ambassador to Saudi, and more…
- April 29,2022
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- SUSTG Team
In Episode 40, Dr. Fatimah Alhamlan from King Faisal Specialist Hospital and Research Center (KFSHRC) and founder of Rofaida, a Women’s Health Organization, joins The 966 to talk about her life’s journey that took her as a young woman from Medina to becoming an American-educated PHD researcher, Eisenhower fellow, and now as a leader at […]
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MUST-READS
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Armed man killed in gunfire exchange near US consulate in Saudi Arabia
"A person in a car stopped near the American Consulate building in Jeddah Governorate and got out of it carrying a firearm in his hand, so security authorities took the initiative to deal with him as required, and the exchange of fire resulted in his death," a spokesperson for the Makkah Region police said.
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Ambitious Saudi plans to ramp up Hajj could face challenges from climate change
Next week, Saudi Arabia hosts the first Hajj pilgrimage without the restrictions imposed during the coronavirus pandemic. Some 2.5 million people took part in the pilgrimage in 2019, and around 2 million are expected this year. Under Crown Prince Mohammed bin Salman’s wide-ranging plan to overhaul the kingdom’s economy, known as Vision 2030, 30 million pilgrims would take part in the Hajj and Umrah — a smaller, year-round pilgrimage. That would be an increase of more than 10 million from pre-pandemic levels.
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Ambitious Saudi plans to ramp up Hajj could face challenges from climate change
Saudi Arabia has ambitious plans to welcome millions more pilgrims to Islam’s holiest sites. But as climate change heats up an already scorching region, the annual Hajj pilgrimage — much of which takes place outdoors in the desert — could prove even more daunting. The increased number of pilgrims, with the associated surge in international air travel and infrastructure expansion, also raises sustainability concerns, even as the oil giant pursues the goal of getting half its energy from renewable resources by 2030.
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Saudi carbon credit company to launch exchange in early 2024, chief executive says
Saudi Arabia's Regional Voluntary Carbon Market Company plans to launch a carbon credit trading exchange in early 2024 and establish a fund to invest in climate projects, its chief executive has said. RVCMC, which is jointly owned by Saudi Arabia's Public Investment Fund and Saudi Tadawul Group, will also offer advisory services to companies looking to decarbonise their operations, Riham ElGizy told The National in an interview on Monday.
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How the PGA Tour, LIV Golf shockingly came together to change pro golf
Tuesday was unlike any other in golf history. In a snap, without warning, the entire professional sport changed both structurally and fundamentally. The PGA Tour is partnering with an entity it once stood in proud contrast to. The PIF (and with it, the Saudi Arabian government) is investing in the PGA Tour, pumping multiple billions of dollars into the tour’s coffers, and forming a new partnership with the PGA Tour and the DP World Tour, a partnership that will end golf’s multi-year turf war.
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A pledge to fight climate change is sending money to strange places
Wealthy countries have pledged $100 billion a year to help reduce the effects of global warming. But Reuters found large sums going to projects including a coal plant, a hotel and chocolate shops.
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America will no longer wage wars to enforce regime change in Middle East: US official
Karlin described the new NDS strategy for the Middle East as a “paradigm shift” that was moving away from basing hundreds of thousands of static US troops in the region. Instead, the new paradigm would depend on working with regional partners through partnerships, complex military exercises, and interoperability of weapons systems. “This is a paradigm shift in our approach to the region, one that is de-emphasizing the unrealistic aims of transformation that are often pursed through unilateral military means,” she said. “Instead, this paradigm is focused on our competitive advantages and partnerships and the fundamentals of sound policy,” Karlin said.
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Saudi Arabia addresses climate change – with help from oil industry
A Saudi Johnny Appleseed, this middle-aged agricultural engineer with twinkling eyes and a constant smile started planting different saplings and seeds he had accumulated from across the kingdom in these then-barren fields a decade ago in a bid to reverse the desertification encroaching on his hometown. After his initial success, the Saudi government declared the 220-square-mile area the Thadiq National Park in 2018. Now, with government encouragement and funds, he has planted 170,000 trees and is preparing for the next 100,000.
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UAE announces major education change for students
The UAE Ministry of Education has announced changes to allow students more freedom to select subjects tailored to their abilities and interests. The UAE Ministry of Education has introduced a new model for the eleventh and twelfth-grade students in the general and advanced streams in public and private schools that implement the Ministry’s curriculum, to allow them to choose elective subjects.
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Saudi Arabia Changes Tack With Pop Stars and Pop Art
What does arguably the world’s greatest footballer have in common with a leading light of mid-century pop art and a Grammy-winning singer? Until recently, not much. That was until Saudi Arabia decided to start spending billions to use icons of western culture like Lionel Messi, Andy Warhol and Alicia Keys to turn itself into the next tourist hotspot. The kingdom, under de facto ruler Crown Prince Mohammed bin Salman, wants to diversify its economy by tapping the disposable income of travelers and its own burgeoning younger generation.
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