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Saudi Arabia’s PIF Invests $100 Million in the US-based Professional Fighters League Mixed Martial Arts
Saudi Arabia’s Public Investment Fund, using a new investment vehicle, will reportedly make the Kingdom’s first foray into mixed martial arts (MMA) by investing $100 million in the US’s Professional Fighters League and creating a regional tournament, the Financial Times reports.
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New Murabba Development Company Awards Industry-Leader Bechtel with PMC Contract for Masterplan, Site-Wide Infrastructure
The Saudi-based, PIF-owned New Murabba Development Company has announced that Bechtel, the leading engineering and construction company, has been awarded a key contract to provide project management services for the New Murabba development in the capital Riyadh.
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Saudi Arabia’s Ades International Holding Set to List in Riyadh, May Be Kingdom’s Largest IPO in 2023
Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year, according to reports.
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Saudi Arabia gets a BRICS invite, a lightning strike on Mecca’s clocktower, and leading Riyadh-based architect Nadia Maqbool Al Lawatiya joins The 966
Nadia Maqbool Al-Lawatiya, a leading Riyadh-based architect and urban designer who is closely familiar with Salmani architecture, joins The 966 to share her journey and discuss some of the themes and thinking behind the new style emerging from Saudi Arabia. Nadia listened to a previous episode of The 966 on Salmani architecture and joins for this episode […]
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Video Shows Massive Lightning Strike Hitting Mecca Clock Tower, Heavy Rains Inundating Holy City
A video published by the UAE-based The National shows Mecca’s Clock Tower, one of the tallest buildings in the world, being dramatically struck by a bolt of lightning amid heavy rains that caused localized flooding.
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Saudi Arabia Sends Foreign Minister to BRICS Events in South Africa as it Seeks Membership
Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah will arrive in South Africa this week to take part in the BRICS Plus Dialogue and the BRICS-Africa Outreach events, according to reports.
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Saudi Arabia’s Media Powerhouse SRMG Makes Strategic Investment in Anghami, Spotify’s MENA Region Rival
SRMG Ventures, the venture capital arm of Riyadh-based conglomerate and the largest publishing company in the Middle East, the Saudi Research and Media Group, has announced a $5 million investment in Anghami, which is the Arab world’s rival to Spotify, according to Variety.
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Report: Biden Considers Another Bilateral Meeting with Crown Prince Mohammed bin Salman at G20 to Talk Saudi-Israel Mega Deal
President Biden is considering a bilateral meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of next month’s G20 summit in New Delhi, India, to discuss the recently-reported proposal for the Kingdom and Israel to move toward establishing relations, four sources with knowledge of the issue told Axios.
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Princess Mashael bint Saud Al Shalan joins The 966, Saudis rush to theaters to See ‘Barbie’, an update on The Line and more…
Episode 99! Princess Mashael bint Saud Al-Shalan, Founding Partner, Aeon Strategy, joins The 966 to discuss her work heading one of the leading consultancies in Saudi Arabia in the field of sustainability. Aeon Strategy played a key role in support of the Kingdom’s Net-Zero targets under the Saudi Green Initiative and the Circular Carbon Economy […]
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Turkey’s Erdogan Departs for Saudi Arabia to Seek Investment
Turkey’s President Recep Tayyip Erdogan will visit Saudi Arabia and the United Arab Emirates this week as he looks to attract foreign investment into Turkey.
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MUST-READS
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UN: ‘Syria’s devastation finds few parallels in recent history’
Griffiths stated: "Over 350,000 people have been killed and nearly 14 million people have been displaced from their homes. Basic services have been destroyed. Five million children born since the start of the conflict have known nothing but hardship and nothing but war." He added: "Civilians continue to be killed and injured along front line areas of northwest and northeast Syria," citing that 18 civilians were killed in northwest Syria in February.
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Assad’s first visit to an Arab country since the Syrian war began
The UAE has been one of the few Arab countries within recent years that have been more open to engagement with Assad’s regime compared to neighboring states.
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Russia’s invasion of Ukraine poses problems for Syria’s Assad, experts say
The European Union has been leading humanitarian assistance to Syria, having mobilised more than $25bn since 2011 and having organised five annual donor conferences since 2017. In 2021, the bloc sent more than $150m in humanitarian aid to the country. However, with the influx of more than three million Ukrainian refugees to EU countries, aid given to Syria may face renewed competition for resources.
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Syria’s Assad visits UAE, first trip to Arab state since war began
Assad met Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan who "stressed that Syria is a fundamental pillar of Arab security, and that the UAE is keen to strengthen cooperation with it", Emirati state news agency (WAM) reported.
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Opinion: Freeze and Build – A Strategic Approach to Syria Policy
To adapt to this new environment, the international community must consider a comprehensive change in approach, prioritizing the freezing of conflict lines and a more strategic use of aid, stabilization, and targeted rebuilding in areas free of Assad regime rule.
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Syria recruiting troops from its military to fight with Russian forces in Ukraine
One such notice addressed to ”the men of the 4th Division security office’, offers an “employee contract for immediate enlistment and in addition to seeking basic details, provides a job description that includes “military raids, operations abroad and travel to Ukraine, with all provided. Salary is up to $3,000 depending on experience.”
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Russia withdraws hundreds of Syrian fighters from Libya
Since at least 2020, Moscow has actively recruited fighters from Syria under its ally, the regime of Bashar Al-Assad, using them to assist the Russian-aligned former warlord, Khalifa Haftar, in the Libyan civil war. Rather than engaging in direct fighting, they are reported to have guarded sites and facilities under the control of Russian forces in the country.
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Syria: 2 Civilians Killed in Israeli Airstrike Near Damascus
Israel fired several missiles toward Syrian military positions near the capital Damascus Monday, killing two civilians and causing material damage, Syria's defense ministry said. It was the first Israeli attack inside Syria since Russia, a key backer of President Bashar Assad, invaded Ukraine. The defense ministry said in a statement that Israeli warplanes flying over neighboring Lebanon fired the missiles toward Syria, adding that Syrian air defenses shot down most of the missiles. It gave no further details or say how the civilians were killed.
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Ukraine War: Israel, Saudi Arabia, UAE, Iran and Syria Feel U.S.-Russia Squeeze
It was precisely their interest in preserving the international and regional status quo that aligned these countries with U.S. in the first place. The alliance of Western powers and Asian democracies, and the international order it has defended, was useful to them in the 20th century. Its revitalization ought to be just as attractive in the 21st.
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Putin’s Assault on Ukraine Echoes Russia’s Brutal Battering of Syria
A United Nations report into atrocities committed in Syria published last year accused Russia of direct involvement in war crimes and a “systemic failure to take any precautions to spare civilians from harm.” Moscow’s entry into the war in Syria in 2015 turned the conflict in Assad’s favor, and provided a real-life testing ground for the weaponry now being used against Ukrainians.
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