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Leaked Image Appears to Show Lucid Motors First Saudi Showroom in Riyadh
U.S.-based Lucid Motors appears poised to open its first showroom in Riyadh, a photo published on an EV-focused news site confirms.
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MBZ takes the reins in the UAE, the PIF’s Saudi Coffee Co., and much more…
Episode 44 📈 The hosts talk about the UAE’s long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan, who was elected as president of the UAE a day after the death of former leader Sheikh Khalifa. They also discuss Saudi Arabia’s Public Investment Fund’s (PIF) new venture into the nascent coffee sector in caffeine-thirsty […]
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Veteran Saudi Journalist Khaled Almaeena Joins The 966 to Talk Ukraine, Energy Markets, and More
Khaled Al-Maeena, Saudi journalist, commentator, businessman and the former editor-in-chief of the Saudi Gazette and Arab News joins The 966 for Episode 28 to talk about Saudi Arabia’s role in energy markets, the war in Ukraine, and much more.
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Saudis Worldwide Mark Inaugural Celebration of Founding Day
Saudi Arabia held celebrations on Tuesday to commemorate for the first time the Kingdom’s foundation nearly 300 years ago, “choosing a date that downplays the central role played by clerics from the ultra-conservative Wahhabi school of Islam” and instead focusing on the date in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over […]
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Saudi Moves Further into FinTech Space with PIF Backing of New Digital Bank Called D360
Saudi Arabia’s Public Investment Fund is investing in the creation of a new digital bank being established in the kingdom with a capital of 1.65 billion riyals ($440 million), according to a report from Bloomberg.
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Saudi Arabia’s Natural Gas Production Soars
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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The 966 Episode 20: The Dakar Rally’s coolest truck, Saudi coffee, a look at the Saudi mining sector, and much more
Episode 20! The 966 Hosts discuss Gaussin’s hydrogen-powered Dakar Rally truck in partnership with Aramco, why Saudi coffee is so delicious and how 2022 is “The Year of Saudi Coffee,” the mining and minerals sector in Saudi Arabia, a discussion oil in 2022, and much more in the program’s “Yallah” final segment.
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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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With Pandemic’s Damage in the Rear View for Saudi Arabia, Consumers Up Spending; Non-Oil Economy Recovers
With Saudi Arabia’s success against the pandemic becoming the envy of countries around the world, the Kingdom’s economy is roaring back to life on the back of high oil prices and consumer confidence.
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Saudi Arabia’s Nayifat Finance Company Latest to Announce IPO Plans on Surging Tadawul
Saudi Arabia’s Nayifat Finance Company said on Tuesday it plans an initial public offering (IPO) on the Riyadh stock exchange with a free float of 35% of its shares, according to a Reuters report. Nayifat, a consumer-focused Islamic finance firm, said in a statement that it plans a sale of 35 million shares to institutional […]
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MUST-READS
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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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As Political Deadlock Simmers, Libya Hits 1.2M Bpd Oil Production
Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in April, according to the new leadership of the National Oil Company (NOC). “Due to the great efforts from the #NOC subsidiaries and technical teams, we are happy to announce that our production rates have reached the pre-force Majeure levels of 1.200.000 barrels per day,” the NOC tweeted Sunday.
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$2 million Saudi-run Gamers8 tournament unveils four invited teams and format
Current world champions TSM, EUL 2021 champions Team BDS, BR6 2021 champions Team Liquid, and APAC North Stage 2 champions DWG KIA have been invited to join Saudi team Falcons Esport, WYLDE, Spacestation Gaming, and MIBR. The latter four teams qualified through the regional-level Gamers Without Borders events and also won $250,000 each as a result.
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Emerson marks milestone in Saudi Arabia manufacturing
Emerson, a global technology and software company, has said it has reached a key milestone in its manufacturing leadership, with the first ever control valve built entirely out of locally sourced pressure retaining parts and castings in Saudi Arabia.
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Wizkid and Ozuna to perform at Saudi Arabia’s Gamers8 festival
Reggaeton star Ozuna and Nigerian Afro-pop singer Wizkid are part of the latest batch of international and local artists performing as part of Gamers8 in Riyadh, Saudi Arabia. The eSports festival announced 11 more artists to join an already formidable line-up of acts to play at weekly concerts in Boulevard Riyadh City.
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At Gamers8, Saudi Arabia and its esports fans will be out to grab some serious attention
Ever connect with a Saudi gamer? If you are into esports, chances are if it’s someone from within the Gulf, the gamer would be from the Kingdom. Because with 23.5 million gamers in the Kingdom – of a population of 35 million – someone or the other would be enjoying a game in almost every home across the country. Whether that’s Fortnite, Dota2, Tom Clancy’s Rainbow Six Siege or any other trending esports fave. In each of those homes, on each of those devices, sits a gamer with a passion to explore, compete, and win.
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Gamers8 and Spotify partner for Saudi Arabia’s first live international esports season – Fast Company Middle East | The future of tech, business and innovation.
Gamers8, one of the biggest Esports and gaming events, has entered into an exclusive partnership with music streaming platform Spotify which will be the official audio streaming partner for the all-new esports and gaming season taking place live in Riyadh this summer.
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Best teams in the world set for Saudi Arabia and Gamers8
Gamers8, the biggest esports and gaming event worldwide, can reveal the top teams competing across five titles during six weeks of elite action this summer in Riyadh, the capital city of the Kingdom of Saudi Arabia. The global esports and gaming event is all set to take place at the state of the art, purpose-built venue at Boulevard Riyadh City, as gamers near and far gear up for some epic clashes. From Thursday, July 14 the best of the best will battle it out for their share of a staggering $15 million prize pool.
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Tension simmers on Iraqi street as food prices rise
Already faced with chronic issues such as persistently high unemployment and a lack of access to basic services, Iraqis are now hit by skyrocketing prices for food staples. Observers blame the jump in prices on both the Russia-Ukraine war and endemic corruption. The rising consumer price inflation has sparked street protests in different parts of the country.
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Israeli troops kill two Palestinians as violence simmers
Violence in territories where Palestinians seek statehood has simmered since U.S.-sponsored peace talks stalled in 2014. It has flared again in recent weeks with fatal Palestinian attacks inside Israel and deadly Israeli raids.
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