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Recent stories from sustg
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MasterCard’s Maria Medvedeva joins The 966 to talk payments, fintech and more; plus more on Leyja at Neom
In Episode 110, Maria Medvedeva, Vice President, Saudi Arabia and Bahrain for MasterCard joins to discuss the company’s KSA strategy, fintech, payments, innovation, and her experiences living and working in a changing and evolving Saudi Arabia. Maria, based in Riyadh with her family, is responsible for Mastercard’s growth strategy and delivering innovative payment experiences for […]
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Saudi Arabia Set to Host World Cup in 2024 as Competitors Drop Out
Saudi Arabia is on the brink of hosting the 2034 World Cup after competing bidder Australia dropped its candidacy to host the global event, marking another milestone in Saudi Arabia’s efforts to develop sports as a contributor to its economic diversification goals.
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Habitas to Manage Neom’s Annonuced Mountain Destination Leyja with 120 Rooms
Saudi Arabia’s mountain destination of Leyja, announced last month, will be managed by high-end brand Habitas, according to a report.
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Saudi Arabia’s AlUla Reveals Winning Design for New Airport Terminal
The Royal Commission for AlUla (RCU) has unveiled the winning design for AlUla’s new airport terminal in Saudi Arabia following a global competition, according to a report. The winning design was announced last week at the Kingdom’s 7th Future Investment Initiative conference in Riyadh.
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Saudi defense minister expected to visit White House on Monday – Axios Report
Saudi Arabian Defense Minister Prince Khalid bin Salman is expected to visit Washington on Monday for meetings with senior Biden administration officials, according to a report in Axios which cited three sources.
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The 966 talks with Mohammed Ghazi and Abdulhadi Azouz, the two guys behind Saudi Arabia’s hottest drone and aerial film production company
Chances are if you’ve seen any of the high-quality, professionally-produced promotional videos from Saudi government authorities or leading Saudi companies anywhere online, you’ve seen some incredible drone footage of Saudi Arabia. The 966 welcomes on to the program for Episode 109 Mohammed Ghazi and Abdulhadi Azouz from the aerial drone production company AZAerials, which films many of these amazing shots for high-profile […]
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Saudi Arabia’s Non-Oil GDP Expected to Grow by 6% in 2023, Finance Minister Al-Jadaan Says at FII
Saudi Arabia’s Finance Minister Mohammed Al-Jadaan addressed Saudi Arabia’s economy and fiscal situation in 2023 and beyond during his speech at the FII in Riyadh, noting that Saudi Arabia’s non-oil gross domestic product (GDP) is expected to grow by around 6% this year and said it would continue to see similarly healthy growth in the years ahead.
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President Biden, Saudi Crown Prince Mohammed bin Salman Hold Call to Discuss Israel-Hamas War Diplomacy
U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on Tuesday discussed efforts to prevent the Israel-Hamas conflict from widening, the White House said.
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Saudi Arabia Establishes ‘Esports World Cup’ with Competition in Globally Popular Games, Major Prize Pool
Saudi Arabia has announced the launch of the Esports World Cup, an annual event that will include the most popular games in the world and have a prize pool of $10 million, according to reports.
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Saudi Arabia’s 7th FII Sees only “10-20” Cancellations out of 6,000 as Major Summit in Riyadh Proceeds Ahead
Richard Attias, the CEO of the FII Institute, said that out of over 6,000 people planning to attend the Future Investment Initiative in Riyadh this week, organizers saw only 10-20 cancellations as a result of the war in Israel and Gaza, according to reports, as the major summit will continue ahead with the event as normal. […]
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MUST-READS
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Saudi’s Sabic Counts On Cost Cutting to Combat Volatile Commodity Prices
Saudi Basic Industries Corp. is counting on lower costs to help combat slack demand and volatile commodity prices after the state-controlled group, one of the world’s largest petrochemical companies, reported a sharp fall in quarterly profit.
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SABIC announces completion of US$ 3.4 bn Kemya complex
Full commercial operations at the Al-Jubail Petrochemical Company (Kemya), a 50-50 joint venture between SABIC and Exxon Chemical Arabia, could start in the second quarter of 2016, SABIC said in a Tadawul filing.
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Huge Saudi Arabian petchems company Sabic eyes up acquisitions in 2016
“I can tell you that [we are evaluating] between two to four companies in North America and China,” he said on the sidelines of the GPCA petrochemicals conference in Dubai, declining to expand on the types of companies being looked at.
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Saudi Arabia’s Sabic Plans More Than Three Ventures in China
Saudi Basic Industries Corp., the world’s second-biggest chemicals manufacturer, plans more than three joint venture projects in China, according to acting Chief Executive Officer Yousef Al Benyan.
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Saudi’s SABIC to reorganise Innovative Plastics unit effective Jan. 1
Saudi Basic Industries Corp (SABIC) will reorganise its Innovative Plastics unit effective Jan. 1, the company, one of the world's biggest petrochemicals firms, said on Thursday.
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Saudi Arabia’s Sabic Considering Shale Gas Investments in U.S.
Saudi Basic Industries Corp., the world’s second-biggest chemicals manufacturer, plans to expand investment in U.S. shale gas projects through joint ventures, according to acting Chief Executive Officer Yousef al Benyan.
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Saudi petrochemical giant Sabic in profits fall
Saudi Arabian manufacturing and chemicals giant Sabic has posted a 39% drop in net profits in the first quarter of the year compared to 2014.
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Saudi King appoints Sabic CEO to defence industries post
New Saudi King Salman appointed Sabic CEO Mohamed al-Mady as the president of the country’s military industries corporation, a royal decree published on the state news agency SPA said on Saturday.
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SABIC, Molecular in JV to commercialize nanomaterials’ apps
SABIC and Molecular Rebar Design, LLC have signed a joint venture agreement to develop and commercialize nanomaterials for select market segments and applications.
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SABIC financial chief quits to head Saudi petchems firm
The chief financial officer of Saudi Basic Industries Corp (Sabic) said he has left the petrochemical company to become chief executive of National Industrialisation Co (Tasnee).
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