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AGSIW’s Robert Mogielnicki joins the 966, MBS Goes to Asia, World’s Population Reaches 8 Billion, and more
- November 18,2022
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- SUSTG Team
Robert Mogielnicki from AGSIW and adjunct professor at Georgetown and GWU joins The 966 to talk NEOM, the PIF, the Saudi economy and so much more. The hosts talk about our neighbors – all 8 billion of them and counting – on planet Earth as the world’s population passes 8 billion. Lucien’s one big thing […]
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PIF to List an Additional 10% of Saudi Stock Exchange; Investors Put in All Orders Within an Hour
- November 10,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is selling an additional 10% stake in the kingdom’s stock exchange, the Tadawul, “pushing ahead with plans to reduce its holdings in some of the country’s biggest companies and raise funds for investments,” Bloomberg reports.
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Saudi Arabia Evaluating Financing Options for NEOM, Hires New York-Based Lazard Ltd.
- November 9,2022
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- SUSTG Team
Saudi Arabia is evaluating financing options to develop NEOM, working with New York-based Lazard Ltd. to develop plans to potentially include debt sales and an initial public offering on the Saudi stock exchange for the high-tech city, people familiar with the matter told Bloomberg.
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In announcement, PIF to launch 5 regional investment firms to draw $24 billion
- October 27,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman announced Wednesday that the kingdom’s Public Investment Fund (PIF) would launch five new investment firms in countries around the Middle East, targeting regional growth for the fund, according to reports and a release from the PIF.
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Dr. Abdulaziz Alanazi discusses his recent international water prize win, a changing Riyadh, and more — The 966 E. 61
- October 7,2022
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- SUSTG Team
Episode 61! The 966 welcomes Dr. Abdulaziz Alanazi, assistant professor at King Saud University in Riyadh, who discusses his work that recently won a very prestigious international water award. Before that, the hosts discuss governance in Saudi Arabia, a changing Riyadh, and an update on LIV golf’s recent moves with the MENA tour. The hosts […]
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Jadwa Investment October 2022 Chartbook: Non-Oil PMI Sees Significant Rise in August
- October 3,2022
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- SUSTG Team
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, business activity and new work, according to the latest monthly chartbook released by Jadwa Investment.
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Saudi National Day, Significant Traction in Airline/Travel Reforms, Saudi-Greece Relations, and more – The 966 Episode 60
- September 23,2022
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- SUSTG Team
Episode 60! The 966 wishes everyone a fun and safe Saudi National Day. This week, the hosts re-connect after a two week hiatus for the 60th episode of the show. First, the hosts discuss Richard’s one big thing, which is a deep dive on Saudi-Greece relations of late and why that bilateral relation is one […]
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Saudi Arabia Launches Astronaut Program with Plans for First Female Astronaut, SPA Says
- September 22,2022
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- SUSTG Team
Saudi Arabia has launched an astronaut program, the state news agency SPA reported on Thursday, with the first journey to space set for 2023 carrying the country’s first female astronaut.
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Global migration trends, big cat conservation in Saudi Arabia, the new Saudi companies law and more!
- August 26,2022
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- SUSTG Team
Episode 59! The hosts talk about a newly-released and interesting UN report on global migration trends, big cat and other endangered species conservation in Saudi Arabia, and much more in the program’s finishing Yallah! segment. Programming note: The 966 will return next week with a featured interview, then be back in full swing as September […]
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The music industry in Saudi Arabia and more with Ahmed Shawly and Mostafa Fahmy from Jeddah’s ‘Wall of Sound’ Record Label
- August 12,2022
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- SUSTG Team
Episode 56! The 966 welcomes Ahmed Shawly and Mostafa Fahmy from the Jeddah-based Wall of Sound record label and recording studio to talk about the young and growing music industry in Saudi Arabia, their entrepreneurial journey building the business from the ground up in a new industry with a blend of established and new, indie […]
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MUST-READS
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Lebanon names team for maritime border talks with Israel
Lebanon announced on Monday the names of its delegation that will hold indirect talks later this week with Israel over the disputed maritime border between the two countries. The announcement by President Michel Aoun's office comes two weeks after Lebanon and Israel reached an agreement on a framework for the U.S.-mediated talks. The talks are scheduled to begin Wednesday at the headquarters of the U.N. peacekeeping force in the southern Lebanese border town of Naqoura.
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Saudi’s National Commercial Bank buys Samba in $14.8B deal
The bank will control some $223 billion in assets and a market capitalization of $46 billion after the merger wins regulatory approvals and is completed, National Commercial Bank said in a filing on Riyadh’s Tadawul stock market announcing the deal. The new bank will control a quarter of all banking in the kingdom, it said.
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U.S. Issues Additional Sanctions Against Iranian Banks
The Trump administration on Thursday imposed a new round of economic sanctions against Iran’s financial sector, as Washington seeks to increase pressure on Tehran in the weeks leading up to the presidential election. The measure imposes penalties against 18 Iranian banks and comes days before a United Nations arms embargo on the country is set to expire. The action could effectively lock Iran out of the global financial system, further cratering its already collapsing economy.
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‘Treated like slaves’, migrant workers bear brunt of Lebanon crisis
Chanting their national anthem in the departure hall of Beirut airport, a group of migrant workers prepared to return home and close a chapter on their time in Lebanon which drove some to despair,
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Lebanon’s ‘boat people’: Desperate Tripoli residents attempt sea crossing to Europe
Hundreds of impoverished Lebanese people have recently tried to make the sea crossing from the northern port city of Tripoli to Cyprus in order to escape the country's financial meltdown. FRANCE 24 met three of them in Tripoli after they were sent back by Cypriot authorities. The "Lady Rayan" was ready to leave Lebanon for good. The unsophisticated 20-metre wooden boat had seen better days, back when it was used to ferry tourists from Tripoli's El Mina harbour to the nearby Palm Islands Nature Reserve.
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Why Saudi Arabia now uses plastic banknotes
There are a few good reasons to go from paper to plastic. For one, polymer banknotes last 2.5 times longer than paper money, and are incredibly difficult to forge. The Saudi Monetary Agency has said that the five Riyal note has been printed to the highest standards, including ‘high-quality security’ stamps and markings. Another positive to plastic bank notes that might be of particular use in The Kingdom is the fact that they can withstand extreme temperatures.
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Saudi Arabia must focus on own interests, national security while serving Palestinian cause – Prince Bandar
In the final episode of a three-part interview with Saudi-owned Al Arabiya television aired on Wednesday, Prince Bandar once again criticised Palestinian leaders. “We are at a stage in which rather than being concerned with how to face the Israeli challenges in order to serve the Palestinian cause, we have to pay attention to our national security and interests,” he said.
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Full transcript: Prince Bandar bin Sultan’s interview on Israel-Palestine conflict
Prince Bandar is Saudi Arabia’s former ambassador to the US and served as director general of the Saudi Intelligence Agency from 2012 to 2014 and the head of the National Security Council from 2005 to 2015.
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France to hold aid conference for Lebanon in November
France will hold a humanitarian aid conference for Lebanon in November, French Foreign Minister Jean-Yves Le Drian said on Wednesday. The conference was initially planned for the end of October.
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How banks and insurers in Saudi Arabia are faring during Covid
Given the widespread healthcare crisis, the first half of this year could have been disastrous for the insurance sector – riddled with heavy claims. Thankfully for the sector, the government very quickly took the financial burden for the pandemic off the insurance industry, covering treatment costs for citizens and residents in the country. In fact, the Kingdom’s government even extended its coverage to those living illegally in the Saudi Arabia.
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