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More on Saudi-Israel normalization reports, Lucid’s future, and Kuwait University’s Bader Al-Saif joins The 966
- August 11,2023
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- SUSTG Team
Episode 98! Dr. Bader Al-Saif, founding President at Al-Saif Consulting and Assistant Professor at Kuwait University joins The 966 to talk about Saudi Arabia as an emerging economic and diplomatic power in a changing region. Al-Saif is also a visiting researcher at Georgetown University, where he completed his PHD in history, and a non-resident fellow […]
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Riyadh Air Sponsors Spanish Football Club Atlético de Madrid in 3 Year Deal; Jerseys Unveiled
- August 10,2023
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- SUSTG Team
Saudi Arabia’s newly launched airline, Riyadh Air, will sponsor one of Spain’s leading football clubs, Atlético de Madrid, the company said today in a press release as it unveiled a new design for the kits players will wear on-field.
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Lucid Air Limited Assembly In Saudi Arabia To Start In September; Company Slashes ‘Air’ Model Price
- August 9,2023
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- SUSTG Team
Lucid Motors, an EV company in which the Saudi Arabian Public Investment Fund (PIF) has a majority ownership stake, announced its second-quarter financial results yesterday, and provided some updates on its plans during an earnings call lead by CEO Peter Rawlinson. Lucid on Monday reported revenue in the April-June period of $150.9 million, missing estimates […]
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Saudi Transfer Spending on Par With European Top Leagues, Statista Report Says
- August 8,2023
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- SUSTG Team
A new chart from the website Statista places into context Saudi Arabia’s spending this transfer season vis-a-vis other top leagues, showing that the money spent on transfers by Saudi clubs this summer matches or exceeds the investments made by clubs from European top leagues, with the notable exception of the Premier League.
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PIF Announces Establishment of a Female-Centered Health and Well-Being Company, the Kayanee Company, with Princess Reema Bint Bandar as its Leader
- August 7,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced on Monday the establishment of a female-centered health and well-being company with Princess Reema bint Bandar as its head, the Saudi Press Agency (SPA) reported.
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Wamda: MENA Startups Raised $95 Million in July 2023, a Bounce-Back from June’s Total but Deal Volume Falls
- August 3,2023
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- SUSTG Team
Startups in the Middle East and North Africa region (MENA) raised $95 million across 31 deals in July 2023, a slight dip from the $105 million recorded in the same month last year, according to Wamda, the leading website tracking the development of the startup ecosystem in the region.
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Saudi Arabia Enters Recession Now, Report from Capital Economics Says, but Non-Oil Economy Continues to Shine
- August 2,2023
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- SUSTG Team
Saudi Arabia has entered a recession, a report from Capital Economics said, as oil production cuts designed to prop up prices hurt the Kingdom’s bottom line – but the Kingdom’s non-oil economy continued to grow at a robust pace.
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Saudi Arabia’s SEVEN Breaks Ground on BUJV, a $347 Million Entertainment Project in Madinah
- August 1,2023
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- SUSTG Team
Saudi Entertainment Ventures (SEVEN), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced its construction work on BUJV, its new entertainment destination in Madina, according to a report in Construction Week Online and a press release from SEVEN.
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PepsiCo Middle East CEO Aamer Sheikh joins The 966, plus a full update on Saudi football, King Saud University’s overhaul and more…
- July 28,2023
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- SUSTG Team
Episode 96! The 966 speaks with PepsiCo Middle East CEO Aamer Sheikh for a conversation about the company’s strategy to plug into Vision 2030’s opportunities and continue to stay on top as the number one food and beverage brand in the Kingdom of Saudi Arabia. Mr. Sheikh, who is Pakistani-American and grew up in the […]
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Brazilian Miner Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia’s PIF, Ma’aden – Report
- July 26,2023
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- SUSTG Team
Brazilian miner Vale is reportedly close to completing a deal to sell a roughly 10% stake in its $25 billion base metals unit to a joint venture between Saudi Arabia’s sovereign-wealth fund, the PIF, and the Saudi mining company Ma’aden, people familiar with the matter told the Wall Street Journal.
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MUST-READS
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Saudi, US Companies Invest in Saudi Space Sector
During his visit to the US, Chairman of the Saudi Space Commission Abdullah al-Swaha held several discussions with heads of US space companies. Swaha, who is also Minister of Communications and Information Technology, met with the founder and CEO of Axiom Space, Michael Suffredini, and CEO of Redwire Peter Cannito. The meetings were attended by the acting CEO of the Saudi Space Commission, Mohammed bin Saud al-Tamimi.
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Saudi Arabia’s $100 Billion Investment in Aviation to Enable ATM Upgrades, New Airline and Airspace Entrants
"The global Digital Health Certificate (DHC) is defined here as a globally standardised travel document that would be delivered at the national level by health authorities in electronic format and include the vaccine information of passengers. The DHC would be recognised by all domestic applications (to be QR readable)," GACA writes in the white paper.
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Raid on Kuwait’s largest Shiite mosque sparks concerns about ‘sectarian tensions’
Under Kuwaiti law, state security has the right to verify the destination of any religious alms—also known as zakat in Islam. It is also entitled to inspect the license that mosques must obtain to collect monetary donations.
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Saudi Space Commission, NASA Explore Space Cooperation
The Chairman of the Board of Directors of the Saudi Space Commission Eng. Abdullah Amer Al-Sawaha held a meeting with Pamela Melroy, the Deputy Administrator of the American Space Agency (NASA) in Washington DC today, during his visit to the United States of America to enhance cooperation between the two countries in space technology.
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Why the food crisis sparked by Russia’s war hasn’t hit Gulf states yet
From energy-efficient desalination plants and water-efficient agriculture to increased hydroponic farming that plants directly into nutrient-rich water, and the controversial practice of buying farmland in export-oriented developing countries, Gulf states have been preparing for an emergency -- a strategy that served them well in the current crisis.
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Video asking Saudis not to offer census takers coffee sparks pride in hospitality
Social media users in the kingdom responded positively to the video, praising its gentle humour and taking pride in the tradition of hospitality that makes it necessary for the government to issue such an appeal. “We offered the guy that came to us snacks and water,” one poster on Reddit wrote. “But he said he already ate dinner with the house next door.”
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Video asking Saudis not to offer census takers coffee sparks pride in hospitality
The Saudi census starts on May 10, the first since 2010. Before that, the official census took place in 2004, 1992 and 1974. Authorities are expecting to record a big increase in the population. The 2010 census recorded a population of 27,136,977, while a preliminary estimate in mid-2020 was just over 35,000,000.
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Rain and sandstorm in northern Saudi Arabia spark pray-at-home request from mosques
Flooding hit northern parts of Saudi Arabia on Thursday evening after heavy rains lashed the kingdom, with mosques warning worshippers to pray at home for their safety. Loudspeakers rang out with warnings to stay home while a heavy sandstorm also hampered visibility in Arar in northern Saudi Arabia, near the Iraqi border.
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Turkish air space closed to planes carrying troops from Russia to Syria, broadcaster reports
Cavusoglu said if progress is made in negotiations, Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy had agreed that a meeting could be held in Turkey.
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In Israel, influx of refugees from Ukraine war sparks debate over identity
Similar debates raged here after Israel refused entry to refugees from Syria, Sudan, Eritrea and other countries roiled by war. Palestinians who were made refugees during the establishment of Israel are denied the right to return. For now, Israel has capped the number of non-Jewish refugees who can be admitted at 5,000, but it has allowed an unlimited number of Ukrainians with relatives in Israel to stay until the hostilities subside. Those who cannot claim Israeli citizenship are given tourist visas and barred from working or from accessing many social benefits. The government has not announced long-term plans for their care in case the war drags on.
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