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Saudi Arabia’s Receipts from Oil Sales Abroad Down in May, Lowest in Over a Year – Report
- July 25,2023
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- SUSTG Team
Saudi Arabia’s leadership in OPEC+ with voluntary cuts to production has proven to be costly, sending its receipts from oil sales abroad down by a third, to its lowest in over a year, according to a report in Bloomberg, which cited the Kingdom’s General Authority for Statistics (GASTAT).
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Saudi Arabia Buys Turkish Drones During Erdogan’s Visit; Crown Prince, Turkish Leader Drive Turkish EV
- July 18,2023
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- SUSTG Team
Saudi Arabia agreed on Tuesday to buy Turkish drones in what is being called the biggest defense contract in Turkey’s history, though no exact figures were announced.
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Physician and media commentator Dr. Qanta Ahmed joins The 966 to talk about ‘colossal’ changes in Saudi Arabia and much more
- July 14,2023
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- SUSTG Team
Physician, non-fiction author, and broadcast media commentator and writer Dr. Qanta Ahmed joins The 966 from New York to discuss the “colossal” changes in Saudi Arabia since Vision 2030 was launched and her view that Saudi Arabia has emerged as an increasingly important and influential global power. Dr. Qanta is an Academic Pulmonologist and Sleep Disorder Specialist at NYU […]
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Fourth Riyadh Season to Begin with a Large Opening Ceremony and a Major Boxing Fight: Tyson Fury vs. Francis Ngannou
- July 13,2023
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- SUSTG Team
The fourth Riyadh Season will kick off on Oct. 28 with an opening ceremony and a momentous boxing match featuring Tyson Fury vs. Francis Ngannou, according to reports. Turki Al-Sheikh, Chairman of the General Entertainment Authority said the event this year is back with “world-class experiences and live events — keeping its claim as one […]
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Discussing Saudi Arabia’s sporting ambitions and investments with expert Simon Chadwick, a NEOM update, and much more
- June 30,2023
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- SUSTG Team
Episode 92! Saudi Arabia’s sporting ambitions and investments have been dominating global coverage of the Kingdom in recent months. The 966 speaks with Simon Chadwick, Professor of Sport and Geopolitical Economy, SKEMMA Business School, Paris, about all of the interest and investments by Saudi Arabia and Gulf nations into global sports. Professor Chadwick has consulted […]
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Two people killed near the U.S. consulate building in Jeddah in exchanged fire; no Americans harmed
- June 29,2023
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- SUSTG Team
Two people were killed when an armed man exchanged fire with Saudi Arabian security authorities near the U.S. consulate building in Jeddah, according to reports leading to the deaths of the gunman and a security guard.
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NEOM’s Sindalah Island Eyes Status as Global Yachting Hub
- June 28,2023
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- SUSTG Team
NEOM has signed a deal with superyacht concierge and maritime agency BWA Yachting as it eyes an opening date for visitors within the year.
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Saudi’s SAMI Ink’s Deal with France’s Safran Helicopter Engines for Engine Maintenance – Reuters
- June 23,2023
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- SUSTG Team
State-owned Saudi Arabian Military Industries(SAMI) signed an agreement with France’s Safran Helicopter Engines for engine maintenance and repair, Reuters reports.
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Kingdom at the Forefront of Air Taxi Tech with Test of Volocopter in Collaboration with Neom
- June 22,2023
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- SUSTG Team
Saudi Arabia’s NEOM hosted the first test campaign of air taxi flights in the northwest of Saudi Arabia, building on a reputation of a leader in technologies in the under-development futuristic zone.
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Saudi Arabia Allocates $7.8 Billion Worth of Investments for Expo 2030 – SPA
- June 21,2023
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- SUSTG Team
Saudi Arabia has allocated $7.8 billion worth of investments for Expo 2030, state news agency SPA reported early on Wednesday, as the Kingdom pitches for the opportunity to host the global event.
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MUST-READS
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Saudi Arabia aims to lead global clean hydrogen export industry, climate conference told
Saudi Arabia has ambitions to be the world leader when it comes to hydrogen exports, according to the general director of the Clean Hydrogen and Circular Carbon Economy National Program at the Kingdom’s Ministry of Energy. Speaking during a panel discussion at the Middle East and North Africa Climate Week 2023 in Riyadh, Zeid Mohammed Al-Ghareeb said Saudi Arabia is charting a new course in the global energy landscape by shifting its focus from oil exports to renewables. The event brought together experts and decision-makers to delve into Saudi Arabia’s plans to supply the global economy with clean energy. This strategic shift is part of the Kingdom’s long-term vision, aimed at establishing itself as a key player in green energy production while prioritizing eco-friendly approaches to future economic development.
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Egypt intelligence official says Israel ignored repeated warnings of ‘something big’
Mounting questions over Israel’s massive intelligence failure to anticipate and prepare for a surprise Hamas assault were compounded Monday when an Egyptian intelligence official said that Jerusalem had ignored repeated warnings that the Gaza-based terror group was planning “something big” — which included an apparent direct notice from Cairo’s intelligence minister to the prime minister.
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Saudi and US foreign ministers hold second urgent talks on Gaza
Amidst the intensifying military tensions in Gaza, Foreign Minister Prince Faisal Bin Farhan engaged in a second phone call within two days with United States Secretary of State Antony Blinken.
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Saudi Arabia, India formalize energy sharing, hydrogen production agreement in Riyadh
It follows a series of joint agreements signed between Saudi Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Modi last month. The two countries will also work together on developing projects in the hydrogen and clean energy sector, including their production. An interconnection of the electricity grid would aid in sharing energy both ways during peak periods and emergency situations. Also, by inter-linking energy networks, the requirement for each country to build storage and source energy lowers significantly, a cost-cut that carries forward to the consumer.
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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. "It will be on trial for next week, hopefully for the next few months.. We will have the first hydrogen train in the Middle East," the minister said, speaking at the UN MENA Climate Week in Riyadh. The minister also said that Saudi Arabia will be launching a "credible, transparent and adaptable domestic market mechanism" on Monday, without elaborating.
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How did Israeli intelligence fail to stop major attack from Gaza?
To prepare for and carry out such a coordinated, complex attack involving the stockpiling and firing of thousands of rockets, right under the noses of the Israelis, must have taken extraordinary levels of operational security by Hamas.
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General Says Middle East is a Theater for Strategic Competition
Although deterring Iran and defeating extremist groups in the Middle East are priorities for U.S. Central Command, the region is also "fertile ground for strategic competition with China and Russia," said Lt. Gen. Alexus Grynkewich, the commander of Air Forces Central, and Combined Forces Air Component Commander, U.S. Central Command.
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Starlink in crosshairs as Iranian security agents hunt down terminals, users
Iranian state media say a plot by a foreign intelligence service to smuggle Starlink gear to the restive Sistan-Baluchestan Province has been foiled. This comes just weeks after US-based “United Against Nuclear Iran” (UANI) announced an initiative to purchase and deliver Starlink terminals to help Iranians bypass government restrictions.
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Saudi soccer team refuses to play in Iran over busts of slain general, in potential diplomatic row
A Saudi soccer team refused to play a match in Iran on Monday because of the presence of busts of a slain Iranian general placed on the sidelines, Saudi state media reported. The Saudi Al Ittihad club was scheduled to play Iran’s Sepahan in the the Asian Champions League, one of several matches made possible by a recent diplomatic rapprochement between the longtime Mideast rivals that has recently come under strain.
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Middle East’s Gen AI economy could reach $24 billion per year by 2030
Generative AI (Gen AI) could reach nearly $24 billion per year by 2030 within the Middle East, according to a report by consulting firm Strategy&. The largest impact of Gen AI is expected to be in Saudi Arabia and the UAE, where the industry could see a potential $17.5 billion combined annual growth in the next several years. The other GCC countries are also expected to see major benefits. Estimated economic gains are expected to be around $2.6 billion in Qatar, $1.6 billion in Kuwait, $1.3 billion in Oman, and $0.6 billion in Bahrain.
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