Secretary of State Antony Blinken delivered the message to Prime Minister Mohammed bin Abdulrahman Al Thani in April, according to the official, who like others interviewed for this report spoke on the condition of anonymity to discuss sensitive conversations.
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IMF Sees OPEC+ Turn on Oil Production as Boon for Saudi Economy in 2025 – Report
The International Monetary Fund said it expects OPEC and its partners to start increasing oil output gradually from July, “a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year,” according to a report in Bloomberg. “We are assuming the full reversal of cuts is happening at the beginning of 2025,” […]
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Prospects for Saudi Arabia hitting 2030 Renewable Energy Targets
In 2016 Saudi Arabia’s Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. The latest revision made in 2023 targets 130GW of renewable power capacity by 2030. GlobalData, a leading data and analytics company, says the Kingdom can come close to that target.
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Saudi Arabia Moves Closer to $1 Billion stake in a Pakistani mine – Report
Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a Pakistan mine controlled by Barrick Gold Corp., people with knowledge of the matter told Bloomberg.
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Saudi Arabia Fares Well in 2024 Kearney FDI Confidence Index
Ongoing economic and business-related reforms helped the United Arab Emirates and Saudi Arabia post the biggest jumps in Kearney’s 2024 Foreign Direct Investment Confidence Index. The countries climbed ten spots from 2023, to eighth for the UAE and 14th for Saudi Arabia.
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Saudi defense minister receives phone call from US counterpart; Kingdom denies role in shooting down Iranian attack
Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin, according to reports.
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Dr. William Greene, CIO of the Hevolution Foundation, joins The 966 to talk latest investments, strategy for Hevolution
William Greene, MD, Chief Investment Officer (CIO) of the Hevolution Foundation, joins The 966 to talk about Hevolution’s investment strategy and role as an investor in the emerging field of Healthspan Science. As CIO, Dr. Greene oversees all aspects of Hevolution Foundation’s investment strategy, planning, analysis, and execution.
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Halo Space to test Balloon Flight from Saudi
Spanish company Halo Space is in talks with Saudi regulators to set up a base in the kingdom for balloon flights into space. Ongoing tests are planned for Saudi Arabia this summer.
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Saudi Arabia Gets First Cannes Official Selection Slot With Drama ‘Norah’
Saudi Arabia has landed its first film in the Cannes Film Festival official selection with “Norah,” a drama by pioneering director Tawfik Alzaidi set in 1990s Saudi, according to reports.
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MBS’ True Legacy
Writing in Al-Arabiya, Richard Wilson, SUSTG president and The 966 Co-host, points out the fundamental (rather than flashy) changes that represent Crown Prince Mohammed Bin Salman’s true legacy.
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U.S. Ambassador Michael Ratney joins The 966 for a truly informative Episode #127
U.S. Ambassador Michael Ratney shares his insights with The 966 in a wide-ranging conversation with Richard Wilson. Just over one year in his position, Amb. Ratney offers his perspective on change in Saudi Arabia and an evolving U.S.-Saudi relationship.
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U.S. Shuffles Military Assets in Middle East After Gulf Pushback
The U.A.E. informed the U.S. in February that it would no longer permit American warplanes and drones based at Al Dhafra air base in Abu Dhabi to carry out strikes in Yemen and Iraq without notifying Emirati officials ahead of time. That has prompted U.S. commanders to send the additional aircraft to Al Udeid air base in Qatar, the small Persian Gulf monarchy that hasn’t imposed similar restrictions, U.S. officials said.
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Saudi Arabia’s private sector workers grow to 11.3M in April
The total number of workers in the Saudi private sector reached 11.27 million in April 2024, the National Labor Observatory said. The total number of nationals working in private-sector entities stood at 2.36 million in the same month, of which male and female workers accounted for 1.39 million and 970,240, respectively. Meanwhile, the number of expats working in the private sector reached 8.92 million. Meanwhile, a total of 18,540 Saudis joined the private sector workforce for the first time.
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Tyson Fury Arrives In Saudi Arabia For Undisputed Showdown With Usyk
WBC heavyweight champion Tyson Fury has made his arrival in Saudi Arabia for his clash against IBF/WBA/WBO champ Oleksandr Usyk undisputed fight on May 18th at the Kingdom Arena in Riyadh.
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How La Liga is building bridges with Saudi Arabia and regional partners
At the start of March, the La Liga FC Futures U14 tournament was held at the Mahd Sports Academy in Riyadh and won by Spanish club Villarreal. The competition had been organized in partnership with the Kingdom’s Ministry of Sports and saw 12 teams taking part, including eight EA Sports La Liga teams — Barcelona, Cadiz, Atletico Madrid, Sevilla, Villarreal, Real Betis and Osasuna — as well AS Roma from Italy, Portugal’s SL Benfica, Olympique de Marseille ofFrance and Saudi Arabia’s own Mahd Academy.
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Ronaldo scores his 4th hat trick of Saudi Pro League season
Cristiano Ronaldo scored his fourth hat trick of the Saudi Pro League season on Saturday as Al Nassr thrashed Al Wehda 6-0. The five-time Ballon d'Or winner now has 32 league goals this season, two short of Abderrazak Hamdallah's record tally of 34 back in the 2018-19 campaign, with four games still to play. Ronaldo opened the scoring in Riyadh in the fifth minute after intercepting a poor clearance from goalkeeper Monir El Kajoui.
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Boxing has a drug problem. Saudi Arabia’s Turki Alalshikh can make fixing it his legacy
Turki Alalshikh, chairman of the General Entertainment Authority, is the driving force behind Saudi Arabia’s expanding influence in boxing. His personal commitment and respect for the sport are well known. I’d like to see Turki Alalshikh take the lead in combatting the use of illegal performance enhancing drugs in boxing.
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Who’s Who: Abdullah Al-Ajmi, space business development director for Lockheed Martin in Saudi Arabia
Abdullah Al-Ajmi is the space business development director for Lockheed Martin in Saudi Arabia. He is responsible for coordinating and bolstering the Kingdom’s space efforts. In addition to fostering strategic cooperation between government and commercial enterprises, Al-Ajmi oversees the facilitation of scientific experiments and international research collaborations, as well as the administration of future space-related missions. A retired brigadier general of the Royal Saudi Air Force and Ministry of Defense, he has a wealth of expertise and experience in remote sensing and intelligence, surveillance, and reconnaissance and space systems.
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Saudi Awwal Bank reports 16 percent growth in Q1 net profit at SR2 bn
Lubna S. Olayan, chair of the board of directors of Saudi Awwal Bank, announced the bank’s financial results for the period ending March 31. SAB recorded a net profit after zakat and income tax of SR2.04 billion ($543.9 million) for the period ending March 31, representing an increase of 16 percent compared to the same period of 2023. The total operating income rose 7 percent to SR3.44 billion.
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World Snooker Championship: The near-silent sport which has become the latest focus of Saudi Arabia’s imagination
No one dares speak louder than a whisper as nearly 1,000 people respectfully take their seats inside the dimly lit Crucible Theatre. There is a sense of nervous excitement as those lucky enough to get their hands on a ticket cram into this historic venue in the heart of Sheffield, a city in the north of England. But they’re not here to see a theatrical performance. They’ve come to witness the nerve-shredding, silently electric atmosphere of the World Snooker Championship.
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