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Saudi Arabia’s Capital to Get Yet Another New Development: The Avenues Riyadh
- February 15,2022
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- SUSTG Team
The list of new or revitalized real estate developments in Riyadh grew this week with the announcement of a new multi-purpose district called “The Avenues Riyadh,” located in the city’s north west area.
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Saudi Arabia Transfers 4% of Aramco Shares Valued at $80 billion to Public Investment Fund
- February 14,2022
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- SUSTG Team
Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to the Public Investment Fund as part of efforts to move forward economic diversification efforts, according to reports.
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The Saudi Games 2022, air pollution’s cost, and King Salman’s pivotal role in Saudi history with guest David Rundell
- February 11,2022
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- SUSTG Team
David Rundell, author of Vision or Mirage: Saudi Arabia at the Crossroads joins this week for Episode 26 of The 966. The hosts and David talk about the Saudi Games 2022, the cost of air pollution in the “MENA region,” then discuss the important role of King Salman in the history of Saudi Arabia and […]
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Fitch, Moody’s Rates Public Investment Fund of Saudi Arabia ‘A’ and ‘A1’; Outlook Stable
- February 8,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has been assigned debut ratings by agencies Fitch and Moody’s, receiving an ‘A’ rating and ‘A1’ rating, respectively.
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Social entrepreneurship, the latest with Saudi golf, a new national holiday and much more with guest Ghadah Al-Harthi
- February 4,2022
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- SUSTG Team
Episode 25! Joining The 966 this week is a special guest, Dr. Ghadah Al-Harthi from London. Ghadah is Senior Consultant at Barker Langham, Associate Director MA Innovation Management, Central St Martins, and Young Adviser at Chatham House. This week, the hosts talk about the start of the Saudi international golf tournament, the announcement of a […]
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Saudi Natural Gas Production Soars, Turning Saudi Palaces into Lux Hotels, and Much More – The 966 E. 24
- January 28,2022
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- SUSTG Team
Episode 24 of The 966 has the hosts talking about Saudi Arabia’s growth in natural gas production over the last decade, the PIF’s new hotel group, a recent piece on Saudi royal succession and much more.
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Report – Global Islamic Funds Market has Grown by More than 300% Over the Last Decade
- January 27,2022
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- SUSTG Team
The global Islamic funds market has grown by more than 300% over the last decade to nearly reach $200 billion in assets under management, according to a new report from the Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) as reported in Reuters.
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Saudi Arabia’s Natural Gas Production Soars
- January 26,2022
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- SUSTG Team
Saudi Arabia is starting to see significant growth in its natural gas production after major investments in the sector to increase output. Saudi Arabia’s dry natural gas production reached an average of 11 billion cubic feet per day (Bcf/d) for the first time in 2020, a 30% increase from 2010, according to the U.S. EIA.
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Saudi Arabia’s Stock Market Holds Near 15-Year Highs; Goldman Sees Saudi as Region’s Busiest in 2022
- January 24,2022
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- SUSTG Team
Saudi Arabia’s benchmark index is holding steady at 15-year highs despite breaking a 10-day positive streak on Sunday, the first day of trading for the week.
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KAPSARC’s Adam Sieminski joins The 966 to talk renewable energy and the circular carbon economy
- January 21,2022
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- SUSTG Team
The 966 welcomes a special guest for Episode 22 from Riyadh: Adam Sieminski, who just finished serving as President of KAPSARC, the leading think tank based in Saudi Arabia. Adam previously was the head of the U.S. Energy Information Agency, and was the senior director for energy and environment on the U.S. National Security Council […]
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MUST-READS
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Saudi Power Firm Inks $7B Green Hydrogen Thailand Deal
Saudi Arabian renewables developer ACWA Power signed a $7 billion agreement with two Thai state-owned companies to develop green hydrogen in Thailand. ACWA Power is a leading Saudi developer, operator, and investor of power generation worldwide. It signed a Memorandum of Understanding (MoU) with these state-owned firms in Thailand:
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Saudi Arabia declares public holiday to mark World Cup win over Argentina
Saudi Arabia has said Wednesday will be a national holiday as, on the Jeddah Corniche by the Red Sea, in the heart of the capital Riyadh and in towns and villages across the country, its seismic 2-1 World Cup win over Lionel Messi’s Argentina was celebrated as a coming of age.
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Saudi World Cup win over Argentina unites divided Middle East in celebration
"The Arab world in particular witnessed a rare moment of shared ecstasy. The fragmented region is brimming with avid, obsession-level football fans who are particularly enamored with South American teams. And now they had just witnessed the incredible spectacle of one of their own nations beating the team whose jerseys are must-have fashion items for their children." [Washington Post]
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Saudi Arabia pulls incredible upset in 2-1 win over Argentina
Argentina’s 36-match unbeaten streak ended in absolutely stunning fashion on Tuesday in a 2-1 loss to Saudi Arabia in the 2022 World Cup. The Saudis scored twice in a six-minute span to start the second half and take the lead after a first-half goal by Lionel Messi. Argentina poured on the pressure in the second half but couldn’t get a game-tying goal.
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Saudi Arabia stun Messi and Argentina in World Cup shock
Saudi Arabia pulled off one of the biggest World Cup shocks ever to come from behind to beat Argentina on Tuesday. Argentina, one of the favourites to lift the trophy, dominated the first half and went ahead through Lionel Messi's first-half penalty. But a stunning fight back from Saudi Arabia after the break saw Saleh Al-Shehri and Salem Al-Dawsari both score in the space of five minutes to leave Argentina defeated for the first time since June 2019 -- a run of 36 incredible matches.
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Factbox: Argentina v Saudi Arabia World Cup 2022: kick-off time, venue and stats
Argentina play Saudi Arabia in Group C of the World Cup in Doha on Tuesday.
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US Central Command Commander General Erik Kurilla remarks to the 2022 International Institute for Strategic Studies Manama Dialogue
We have the technological capability right now to rapidly improved maritime domain awareness and build an integrated unmanned and artificial intelligence network to achieve safer seas and stronger protection for global trade. At sea, we are building on the assets we already have and creating an interconnected mesh network of sensors that transmit real-time data. All this data, pushed through data integration and artificial intelligence platforms, will help build a clearer picture of the operating environment.
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Saudi Arabia targets Europe, Asia-Pacific in global hydrogen push
Saudi Arabia has set its sights on becoming a global supplier of renewable and low-carbon hydrogen, configuring production standards to meet market requirements in both Europe and the Asia-Pacific region, the energy ministry's head of hydrogen, Zeid al-Ghareeb, said at the UN Climate Change Conference in Egypt Nov. 15.
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Saudi Arabia targets Europe, Asia-Pacific in global hydrogen push
Saudi Arabia has set its sights on becoming a global supplier of renewable and low-carbon hydrogen, configuring production standards to meet market requirements in both Europe and the Asia-Pacific region, the energy ministry's head of hydrogen, Zeid al-Ghareeb, said at the UN Climate Change Conference in Egypt Nov. 15.
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Europe’s energy crisis gives boost to green hydrogen
“There has been a dramatic change in the price of [conventional] hydrogen sparked by the invasion of Ukraine by Russia,” says Mbuk. Whatever the outcome of the conflict, he adds, the result will be greater interest in expanding renewable energy sources, including green hydrogen. He calculates that roughly $73bn has been committed globally to produce green hydrogen since the start of the conflict. At current prices, hydrogen derived from clean power sources will be cheaper to produce in Europe than hydrogen from more polluting alternatives, he argues.
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