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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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MUST-READS
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Opinion: Trump no longer following Saudi-UAE script on Qatar, says former envoy
Two days ago, in a telephone conversation with the Emir of Qatar Sheikh Tamim bin Hamad Al-Thani, Trump expressed his gratitude for the Qatari efforts to combat terrorism and extremism in all its forms, including the fact that Qatar is one of the few countries to have moved forward to sign a bilateral memorandum of understanding with the United States.
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Commentary: Reducing Middle East tensions? Saudi-UAE moves hint at willingness to engage with Iran
The exchanges gave credence to suggestions that Saudi Arabia and the UAE may be seeking a reduction of tension with Iran. Yet, they occurred before the Gulf crisis erupted in which Saudi Arabia and the UAE demanded, among other things, that Qatar reduce its relations with Iran.
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The Saudi-UAE War Effort in Yemen (Part 1): Operation Golden Arrow in Aden
Houthi reactions to a northward advance have thus far been muted, and their operations in the south are beginning to look like an "economy of force" effort that is quickly collapsing. Their Aden gambit nearly knocked out the government and disrupted Hadi-Southern Resistance operations for four months, but at the cost of drawing the Saudi-led coalition fully into the war.
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Saudi-UAE pact a ray of hope for region
The alliance between Saudi Arabia and the United Arab Emirates (UAE) has raised the real possibility that the current power vacuum could be filled. The two countries have a history of conflict resolution, and importantly, shown no imperialist ambitions.
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