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First Hydrogen Train in Middle East to Begin Trials Next Week, Saudi Energy Minister Says
Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman said on Sunday that the first hydrogen train in the Middle East will begin trials next week, according to a report in Reuters.
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The Growing Size and Role of the Public Investment Fund (PIF) in Saudi Arabia with Robert Mogielnicki, FII 2023, Saudi World Cup and more…
Dr. Robert Mogielnicki, Senior Resident Scholar at The Arab Gulf States Institute in Washington and professorial lecturer at George Washington University joins The 966 to discuss the growing size and role of the Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF). Robert has previously characterized the PIF as, “screaming onto the scene” with an […]
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Israeli Minister Speaks Publicly for the First Time in Saudi Arabia’s Capital Riyadh – Report
An Israeli minister spoke publicly for the first time in Saudi Arabia’s capital Riyadh about “blossoming ties” between the two countries, the latest sign the duo are inching toward normalizing relations – and even thanked the two leaders, mentioning first the Kingdom of Saudi Arabia.
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Saudi Arabia’s Tourism Effort Paying Off as Sector Sees 58% Growth in 2023 — Report
Saudi Arabia has been ranked second globally in terms of tourist arrivals during the first seven months of 2023, the Saudi Press Agency reported on Tuesday.
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PIF Announces Establishment of Al Balad Development Company (BDC) to become the main developer of Jeddah’s historic Al Balad District
The Public Investment Fund (PIF) announced the establishment of the Al Balad Development Company (BDC), which will become the main developer of Jeddah’s historic Al Balad district, “in line with the continuous efforts led by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz to revitalize Historic Jeddah to transform Jeddah into an economic hub, […]
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Discussing the Venture Capital ecosystem in Saudi Arabia and the MENA with investor Amjad Ahmad and much more…
In episode 105 of The 966, Amjad Ahmad, a leading venture capitalist and seasoned investment professional with extensive experience in VC and private equity in emerging markets, joins to discuss the VC ecosystem in Saudi Arabia, the MENA region, and globally today. In addition to over two decades of experience investing in the region, Amjad […]
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Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy
Saudi Aramco, the world’s largest oil-exporting company, has signed a $500 million agreement to buy a minority stake in liquefied natural gas (LNG) company MidOcean Energy. This is Aramco’s first investment in LNG and is part of the company’s efforts to diversify its activity beyond its core oil business. The strategic partnership enables Aramco to tap into […]
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As Tourism Sector in Saudi Arabia Soars, Officials Revise Upward Visitor Goals
As the tourism sector continues to outperform in Saudi Arabia, Saudi Arabia’s top officials are revising upward its visitor goals from previously targeted levels which were once considered by some to be unachievable when originally set forth.
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Lucid Opens First-Ever Auto Plant in Saudi Arabia
Lucid has opened the first ever car manufacturing plant in Saudi Arabia at the King Abdullah Economic City as the kingdom looks to establish itself as a global player in the EV race.
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Saudi Arabia Sends Envoy to West Bank as Progress in Talks with Israel Gather Pace
Saudi Arabia, which has engaged in U.S.-brokered talks with Israel to potentially normalize relations, Tuesday sent a delegation to the occupied West Bank for the first time in three decades, VOA reports.
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MUST-READS
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US needs cheaper ways to shoot down drones, Pentagon acquisition chief says
After months of shooting down drones over the Middle East, the cost of those interceptions is getting too high. That’s according to the Pentagon’s chief of weapons procurement, who said that efforts to take out uncrewed aerial systems are now exceeding $100,000 per shot.
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Will Iran’s supreme leader revise his ‘nuclear fatwa’?
Following Iran's Apr. 14 military action against Israel in response to the Apr. 1 bombing of the Iranian consulate in Damascus, a senior commander of the Islamic Revolutionary Guard Corps (IRGC) explicitly suggested the possibility of a revision to Tehran’s objection to atomic weapons. The suggestion may only be a part of the war of words between Iran and Israel. However, the fact that such discourse is rapidly becoming mainstream in Iran raises questions of what may lie ahead—including whether a shift may take place under Khamenei, who has long opposed atomic weapons on a religious basis.
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Fresh chaos, arrests on US college campuses as police flatten camp at UCLA
Police forcibly removed scores of defiant pro-Palestinian protesters at several colleges on Thursday, including taking down an encampment at UCLA in a jarring scene that underscored the heightened chaos that has erupted at universities this week.In the pre-dawn hours, helmeted police swarmed a tent city set up at the University of California in Los Angeles, using flash bangs and riot gear to push through lines of protesters who linked arms in a futile attempt to halt their advance.
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Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems
The success of ballistic missile defences facing their first complex, high-stakes combat scenarios in Israel, the Red Sea and Ukraine will encourage militaries globally to invest in the pricey systems, experts say - and intensify missile arms races.Iran launched as many as 120 intermediate-range ballistic missiles at Israel on April 13, U.S. and Israeli officials say. U.S. SM-3 and Israeli Arrow interceptors destroyed nearly all of them, leaving drones and smaller threats to the Iron Dome system.
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Nearly 2,200 people have been arrested during pro-Palestinian protests on US college campuses
Police have arrested nearly 2,200 people during pro-Palestinian protests at college campuses across the United States in recent weeks, sometimes using riot gear, tactical vehicles and flash-bang devices to clear tent encampments and occupied buildings. One officer accidentally discharged his gun inside a Columbia University administration building while clearing out protesters camped inside, authorities said.
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‘None go forward without the others.’ US mega-deal would tie together the futures of Saudi Arabia, Israel and Gaza
Saudi Arabia and the United States are finalizing the details of a landmark deal to strengthen bilateral trade and defense – but an agreement will not be reached if the kingdom and Israel do not establish diplomatic relations, US officials said.
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US ‘very close’ to bilateral deal with Saudi Arabia as part of Israel normalization
The US said on Thursday that it was “very close” to reaching an agreement on the bilateral piece of a potential package deal with Saudi Arabia, which would need to include normalization with Israel.
“The Secretary did meet with the Crown Prince of Saudi Arabia this week when he was in Riyadh… and we are very close to reaching an agreement on the bilateral pieces of a normalization agreement,” State Department Spokesman Matt Miller said after the top US diplomat’s weekend trip to Saudi Arabia.
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Cercamon has acquired international sales rights for Saudi director Tawfik Alzaidi’s first feature Norah
Cercamon has acquired international sales rights for Saudi director Tawfik Alzaidi’s first feature Norah ahead of its world premiere in the Cannes Film Festival’s Un Certain Regard.
Norah will make history in May as the first ever Saudi feature to play in Cannes’ Official Selection. The achievement comes six years after Saudi Arabia announced the end of its 35-year cinema ban and is a sign of the bubbling cinema scene that has sprung up since.
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Secret Cliff Diving spots in Saudi Arabia
Catalin Preda from Romania and America’s David Colturi have become the first people to dive into the wadis of Saudi Arabia in a hike and dive experience through the rough and rugged natural landscape of Jazan province. Set against the unique backdrop of the Wadis Lajab and Al-Rough in the kingdom’s Jazan province, the Romanian American duo explored the canyons, deep valleys, waterfalls and freshwater ponds deep enough to host fish and some incredible cliff dives.
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Saudi-Uzbek energy investments reach $14B: Minister
Prince Abdulaziz bin Salman, Minister of Energy, stated that the energy sector represents an important aspect of the growing relationship between Saudi Arabia and Uzbekistan, especially in the field of renewable energy. The size of investments between the two countries in this sector exceeded $14 billion, aimed at producing more than 11 gigawatts of electricity from renewable energy.
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