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Crown Prince Heads to G20 in Indonesia as Chinese Leader Xi Jinping Reportedly Eyes December for Saudi Visit
Crown Prince Mohammed bin Salman of Saudi Arabia will represent the Kingdom at the G20 in Indonesia at this year’s meetings, and will visit other Asian countries as part of the trip, state news agency SPA reported.
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Prince Waleed bin Nasser Al-Saud from Saudi-based Consultancy Mukatafa, more on the U.S.-Saudi relationship, Saudi’s mining sector, and more
Episode 65! Prince Waleed Bin Nasser Al Saud joins The 966 — Prince Waleed is CEO of Mukatafa, a consultancy based in Riyadh that brings together the public and private sectors in Saudi Arabia, forming an ecosystem that enables the private, public, and third-party sectors to collaborate, integrate, and grow together as the Kingdom drives […]
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Saudi Arabia Announces 66 New Initiatives as Part of Environmental Action Plan at COP 27
Saudi Arabia has announced 66 new initiatives as part of its environmental plan at the UN global climate change summit taking place in the Egyptian resort town of Sharm El-Sheikh, according to reports.
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Saudi Arabia Commits 2.5 Billion to Middle East Green Initiative, Agrees to Host HQ in Riyadh – Report
Crown Prince Mohammed bin Salman said on Monday that Saudi Arabia would contribute $2.5 billion to the Middle East Green Initiative over the next 10 years, and host its headquarters in the Kingdom, according to a report from Reuters.
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Saudi Arabia Sees Traction with Green Initiatives as Kingdom Climbs Ranks of MIT’S Green Future Index
Saudi Arabia advanced 10 places in the second edition of the Green Future Index, issued by MIT Technology Review, evidence that the Kingdom is seeing progress in its goals outlined in the new Saudi Green Initiative announced by Crown Prince Mohammed bin Salman last year.
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In announcement, PIF to launch 5 regional investment firms to draw $24 billion
Crown Prince Mohammed bin Salman announced Wednesday that the kingdom’s Public Investment Fund (PIF) would launch five new investment firms in countries around the Middle East, targeting regional growth for the fund, according to reports and a release from the PIF.
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Sustainability in Saudi Arabia with expert Jeffrey Beyer, the Red Sea’s latest developments, and more – The 966 Episode 63
Episode 63! The hosts welcome Jeffrey Beyer, Managing Director, Zest Associates, a Dubai-based consultancy that develops sustainability solutions for governments and private companies for the low carbon economy. First, the hosts discuss Richard’s one big thing this week, which is Saudi Arabia’s forthcoming Saudi Games, the largest single sporting event ever in Saudi Arabia. Lucien’s […]
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OPEC+ and the American uproar with Colby Connelly from Energy Intelligence, plus Riyadh Season’s big events and more…
Episode 62! Energy Intelligence’s Colby Connely joins The 966 to talk about oil markets, the big kerfuffle here in the United States caused by the OPEC+ decision, and some more on that hot topic. But first, the hosts discuss new statistics on Saudi Arabia’s population, Riyadh Season 2022, and then conclude as always with the […]
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MENA Region is the Fastest Growing Adopter of Cryptocurrency — Study
The Middle East and North Africa (MENA) region are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to June, Reuters reports, citing blockchain researcher Chainalysis.
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Report: Israeli Energy Companies Create JV for Saudi, Gulf Push
Israeli companies Enlight Renewable Energy Ltd. and natural gas producer NewMed Energy LP plan to jointly develop renewable energy projects in North Africa and the Middle East, including in Saudi Arabia and Oman, Bloomberg reports.
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MUST-READS
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Blinken heads to Egypt on last leg of Middle East tour
US Secretary of State Antony Blinken has been touring the Middle East to try to prevent the war in Gaza from spreading to the wider region. Meanwhile, the Palestinian Red Crescent has said four paramedics were killed in an Israeli airstrike.
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Secretary Blinken’s Travel to Türkiye, Greece, Jordan, Qatar, U.A.E., Saudi Arabia, Israel, the West Bank, and Egypt
Throughout his trip, the Secretary will underscore the importance of protecting civilian lives in Israel and the West Bank and Gaza; securing the release of all remaining hostages; our shared commitment to facilitating the increased, sustained delivery of life-saving humanitarian assistance to civilians in Gaza and the resumption of essential services; and ensuring that Palestinians are not forcibly displaced from Gaza.
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36th Saudi aid plane for Gazans arrives in Egypt
Saudi Arabia’s 36th plane carrying aid for Palestinians in besieged Gaza arrived at El-Arish International Airport in Egypt on Wednesday, the Saudi Press Agency reported. The delivery of the aid, which includes 24 tons of food, medical, and shelter supplies, is being coordinated by the Saudi aid agency KSrelief to help Palestinians affected by the conflict within the Gaza Strip.
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Egypt, Saudi developer ACWA Power invest over $4 billion to develop green hydrogen project
The project’s first phase will have a production capacity of 600,000 tons of green ammonia annually, Shaker revealed. The second phase will expand that number to two million tons per year, he added. For his part, Arcelli emphasized the project's significance, highlighting the role of green hydrogen as the fuel of the future, poised to experience tremendous demand in Europe and beyond.
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Hamas leader visits Egypt amid intensive talks on new ceasefire
The leader of Hamas made his first visit to Egypt for more than a month on Wednesday, a rare personal intervention in diplomacy amid what a source described as intensive talks on a new ceasefire to let aid reach Gaza and get hostages freed.
Hamas leader Ismail Haniyeh, who normally resides in Qatar, typically intervenes in diplomacy publicly only when progress seems likely. He last travelled to Egypt in early November before the announcement of the only agreement on a ceasefire in the war so far, a week-long pause during which more than 100 hostages were released.
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Saudi developer inks deal to develop $4bn green hydrogen-based ammonia plant in Egypt
Saudi renewables developer ACWA Power has signed a framework agreement with the Egyptian government to develop a $4bn green ammonia facility in the Suez Canal Economic Zone.
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Saudi Leadership Congratulates Sisi on Reelection as Egypt’s President
Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince and Prime Minister, sent cables of congratulations to Egypt’s Abdel Fattah al-Sisi on his reelection as president. They also sent cables of congratulations to Emir of Qatar Sheikh Tamim bin Hamad Al Thani and Niger’s General Abdourahamane Tchiani, president of the National Council for the Safeguard of the Homeland, on the occasion of their respective national days.
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Gazans say hunger is growing, fuelling fears of exodus into Egypt
Fighting between Israel and Hamas intensified across Gaza on Monday, fuelling fears flagged by the United Nations at the weekend of a breakdown in public order and a mass exodus of Palestinians into Egypt.
The narrow coastal strip has been under a full Israeli blockade since the start of the conflict more than two months ago and the border with Egypt is the only other way out.
Most of Gaza's 2.3 million people have been driven from their homes and residents say it is impossible to find refuge in the densely populated enclave, with around 18,000 people already killed and conflict intensifying.
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Cargo ship breaks down in Egypt’s Suez Canal and crashes into a bridge. Traffic is not disrupted
A cargo ship broke down in Egypt's Suez Canal on Wednesday and crashed into a bridge over the crucial waterway, authorities said, adding that the incident did not disrupt traffic through the canal. Adm. Ossama Rabei, head of the Suez Canal Authority, said the Singapore-flagged One Orpheus went off course after its rudder broke down before ploughing into the Mansi Bridge, near the port city of Ismailia. The extent of the damage to both the ship and the bridge is unclear.
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US aid chief arrives in Egypt with aid for Gaza, announces more aid for Palestinians
U.S. aid chief Samantha Power arrived in Egypt's Sinai Peninsula on Tuesday, where she announced more than $21 million in additional assistance for the Palestinian people affected by the conflict between Israel and Islamist group Hamas. The USAID administrator arrived in Al Arish with a delivery of 36,000 pounds of food assistance and medical supplies airlifted by the Department of Defense from Jordan and intended for Gaza, according to a statement.
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