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Todd Albert Nims, traction on green hydrogen, a $1 trillion economy and much more in The 966 Episode 69
Episode 69! Merry Christmas and happy holidays to our subscribers and listeners who celebrate. The 966 hosts kick off the second annual “Christmas spectacular” with a discussion of green hydrogen and news that Germany may be on of Saudi Arabia’s first big customers, and a discussion of Saudi Arabia as a $1 trillion (!) economy. […]
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Saudi Arabia’s PIF Buys 30 Percent Stake in Cooling Company Saudi Tabreed
Saudi Arabia’s Public Investment Fund (PIF) has reportedly acquired a 30% stake in Saudi Tabreed, a leading cooling services provider in Saudi Arabia, according to a report in Bloomberg and Reuters.
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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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Crown Prince Mohammed bin Salman Unveils New Initiatives, Investments to Boost Supply Chain Resilience
Saudi Arabia’s Crown Prince Mohammed bin Salman has unveiled a new initiative designed to position Saudi Arabia as a global supply chain hub, called the “Global Supply Chain Resilience Initiative” (GSCRI).
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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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British Architecture Studio Foster + Partners Unveils Coral Reef-Like Marine Institute for Red Sea
Designs for the “world’s first fully immersive experiential marine life center” have been unveiled by British architecture studio Foster + Partners to be located on Saudi Arabia’s Red Sea coast, according to a press release from the world-renowned architecture firm.
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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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The music industry in Saudi Arabia and more with Ahmed Shawly and Mostafa Fahmy from Jeddah’s ‘Wall of Sound’ Record Label
Episode 56! The 966 welcomes Ahmed Shawly and Mostafa Fahmy from the Jeddah-based Wall of Sound record label and recording studio to talk about the young and growing music industry in Saudi Arabia, their entrepreneurial journey building the business from the ground up in a new industry with a blend of established and new, indie […]
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Saudi Technology Ventures Report Sees 45 New MENA Unicorns in the Next Eight Years
The MENA region is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more than $100 billion, according to a new Saudi Technology Ventures (STV) report.
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Saudi Arabia’s Economy Expanded 11.8% in the Second Quarter; Non-Oil PMI Rises to 8-Month High — Jadwa Investment
Saudi Arabia’s economy expanded 11.8% in the second quarter of 2022, Bloomberg reports, maintaining the fastest pace of growth since 2011 as oil prices boost the Kingdom’s economy. Beyond oil, however, Saudi Arabia is seeing positive signs in the non-oil economy as the Kingdom continues apace with economic reforms as part of the Kingdom’s Vision 2030.
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MUST-READS
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19 Newcomers Join Forbes Middle East’s Top 50 Most-Funded Startups 2022
Forbes Middle East has released its annual list of MENA's Top 50 Most-Funded Startups, celebrating the mission-driven young businesses attracting investor attention. Combined, the 50 startups on the 2022 list have raised $3.2 billion in funding, up from $3 billion in 2021.
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19 Newcomers Join Forbes Middle East’s Top 50 Most-Funded Startups 2022
Forbes Middle East has released its annual list of MENA's Top 50 Most-Funded Startups, celebrating the mission-driven young businesses attracting investor attention. Combined, the 50 startups on the 2022 list have raised $3.2 billion in funding, up from $3 billion in 2021.
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Commentary: Morocco’s World Cup victories are historical revenge for subaltern dreamers from the global south
Modern soccer was codified in nineteenth-century Britain and soon became a European favorite. The collective sport turned into a global sensation with the creation of the International Federation of Association Football (FIFA) and organization of the first World Cup in 1930 in Uruguay. Soccer remains a largely euro-centric sport today, supported by professional leagues, media, and capitals in the old continent with outliers in the Americas. Thus, soccer culture is linked to iconic players who built their careers in Spanish, British, Italian, and other European teams. It is also largely associated with ritualistic beer drinking, ultras chanting, and shots of beautiful white models featured on television screens.
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The world cup is not a MERS superspreader event
The sensationalist headlines about MERS are stoking all sorts of extreme reactions among readers. The very name of the disease is problematic, as it associates the virus to a location, adding stigma and causing confusion. One of the largest outbreaks of MERS was in South Korea, where 200 people got sick in 2015. Because of this risk, the UN recommends not naming pathogens after locations, although MERS pre-dates such guidelines.
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Yemeni farmers turn to planting wheat as prices bite
Some Yemeni farmers have turned to planting their own wheat as global disruptions dent imports and send prices soaring in Yemen where a seven-year conflict has pushed people deeper into poverty and left millions hungry. Farmer Khaled Maasar said most Yemenis cannot afford foreign wheat with prices rising to some 20,000 riyals, equivalent to $33. Food price inflation had already doubled in just two years in some part of the country.
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Egypt’s farmers are using apps to fight climate change
The looming threats of climate change and food insecurity, plus the hype surrounding the COP27 climate summit is drawing in more investors into Egypt.
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Swizz Beatz Is Opening An Immersive Roller Rink In Saudi Arabia
Swizz Beatz is ready to rock in Saudi Arabia. The producer/musician and his Good Intentions creative agency co-founder, Noor Taher, are onto their third project together — this time teaming up with the Royal Commission of AlUla to create the FIRST EVER immersive roller rink experience in Saudi Arabia, AlUla on Wheels, with music curated personally by Swizz. As part of the AlUla Wellness Festival, guests will glide under the twinkling desert stars in the art-centric AlJadidah district this October.
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Saudi’s Amaala to open immersive marine life centre
John Pagano, CEO of TRSDC, said it is a “first-of-its-kind facility that extends far beyond any existing marine life attraction”. “With 10 zones that provide everything from AR experiences to night diving, and spaces for the scientific community to effectively progress their environmental projects, the Marine Life Institute is undeniably unique,” Pagano said. Designed to resemble the Red Sea’s coral formations, the institute will cover an area of more than 10,000 square metres. It will provide panoramic views of the Red Sea.
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Majid Al-Futtaim, Dreamscape launch immersive VR destination in Saudi Arabia
A leading Middle East and Africa retail, leisure, and entertainment company has launched a first-of-its-kind virtual reality experience in Saudi Arabia. As part of a regional partnership, Majid Al-Futtaim and Dreamscape VR entertainment company recently inaugurated the immersive VR attraction on the first floor of Riyadh Park Mall, next to VOX Cinemas. The opening comes three years after Dreamscape debuted in the Middle East at Mall of the Emirates in Dubai.
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Inflation-Scarred Consumers Fire Up Turkey’s Economy by Spending
Turkey’s economy lurched forward at a faster rate than expected, as the highest inflation in 24 years prompted consumers to bring forward purchases in anticipation of steeper prices ahead.
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