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Overwhelming Interest in Saudi Security Company Elm’s IPO; Institutional Investors 69.5x Oversubscribe
Elm, a digital security firm owned by Saudi Arabia’s Public Investment Fund, drew $57 billion in orders for its IPO from institutional investors, according to Bloomberg, in what appears to be the latest evidence that the appetite for middle east stocks continues to run strong.
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Report – Global Islamic Funds Market has Grown by More than 300% Over the Last Decade
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 Stock Market Holds Near 15-Year Highs; Goldman Sees Saudi as Region’s Busiest in 2022
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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Goldman Sachs is ‘Extremely Bullish’ on Commodities Amid Potential Decade-Long ‘Supercycle’
Goldman Sachs’s global head of commodities research Jeff Currie told Bloomberg today in a televised interview that the bank is “extremely bullish” on commodities amid a supercycle that has the potential to last for a decade.
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The 966 Talks Energy, Renewables, and Climate with Energy Expert Kate Dourian
The 966’s introduces its first topical discussion format with energy expert Kate Dourian, non-resident fellow at the Arab Gulf States Institute in Washington and contributing editor at MEES, the Middle East Economic Survey. Kate is also a former editor and veteran journalist covering energy and more in the region for Reuters and Platts. Kate joins […]
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Facing Omicron Variant Surge, Saudi Arabia Steps Up Precautions, Increases Vaccine Requirements
Wasting no time in attempting to get ahead of the Omicron variant of the Coronavirus, Saudi Arabia moved forward with new rules and requirements aimed at protecting people within the Kingdom’s borders – and the Saudi economy.
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Part 2 – The 966 Exclusive Interview with Fahad Nazer, Spokesperson for the Saudi Embassy in Washington, D.C.
The 966 features an exclusive, two-part interview with Fahad Nazer, spokesperson for the Saudi embassy in Washington. In Part 2 of the interview, the hosts ask Mr. Nazer about a wide range of issues, including about Saudi Arabia’s students in the United States, Iran, Saudi Arabia’s relationship with Israel. The hosts also ask Fahad a […]
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The 966 E13: Tapping the strategic petroleum reserve, Saudi Arabia’s Covid-19 response, and ‘sportswashing’
On this week’s episode of The 966, the hosts talk about Saudi Arabia’s upcoming EDM festival, called Soundstorm, the start something big for women’s soccer in the Kingdom, President Biden’s decision to tap the SPR, Saudi Arabia’s enviable Covid-19 response, and why “sportswashing” is used to describe Saudi Arabia – but doesn’t come close to […]
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Saudi Arabia is Currently the Most Affordable Country in the World to Buy a Home
Saudi Arabia is the world’s most affordable country to buy a home in 2021, according to a new study from a Britain-based building supplier.
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Second Aramco Saudi Ladies International Golf Tournament Begins at Royal Greens; Pederson Looks to Defend Title
The second Aramco Saudi Ladies International presented by the Public Investment Fund kicks off today at the Royal Greens club in King Abdullah Economic City, Saudi Arabia, with defending champion Emily Kristine Pedersen seeking to fend off a host of rivals on the Red Sea.
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Taliban storm an elite army high school in Pakistan
Taliban militants stormed an elite army high school in northwestern Pakistan on Tuesday, killing at least 126 students and teachers and holding others hostage, in one of the worst school shootings in modern times, according to Pakistani security and hospital officials. More than three hours after the siege began at mid-day on a Pakistan military installation in Peshawar, explosions and gunfire continued to be heard coming from the school.
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Pakistani Taliban squeezed by Afghan revolt, U.S. drone strikes
Pakistani Taliban militants holed up in Afghanistan are being squeezed by U.S. drone strikes and a revolt against them, a trend that could disrupt the insurgents' capability to strike in Pakistan. For years, Pakistani Taliban commanders fighting the Pakistani state have been hiding in remote areas of east Afghanistan, plotting attacks and recruiting.
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How Twitter’s geolocation settings embarrassed the Taliban
On Friday, however, Mujahid posted several Tweets, apparently accidentally turning the social network's geolocation tracking on. His position came as a surprise to many: Instead of posting from Afghanistan, he seemed to be in Sindh, a Pakistani region in the southeast of the country.
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Taliban In Pakistan Derail World Polio Eradication
Today the militant group continues to threaten to kill not only vaccinators but also parents who get their children immunized. That threat has had a chilling effect on anti-polio efforts nationwide.
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As US draws curtain on combat role, resilient Taliban plans patient comeback
Surrounded by scaffolding, a blue-domed mosque is nearing completion on a site where a cinema once stood.
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