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Inaugural World Defense Show in Saudi Arabia Produces Results in Saudi’s Localization Drive for U.S. Companies
- March 7,2022
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- SUSTG Team
Saudi Arabia is hosting its first ever major defense show as industry giants from around the world assemble in Riyadh to display the latest in military tech — and pitch for lucrative opportunities as Saudi Arabia seeks to localize much of its defense industry production.
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Security and Defense Expert David Des Roches Joins The 966 to Talk Ukraine and the Middle East
- March 4,2022
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- SUSTG Team
The hosts invite NDU professor and security expert Col. David Des Roches (Ret.) back on the program for episode 29 to discuss Russia’s invasion of Ukraine and how it impacts the Middle East, as well as the changing role of NATO and energy markets. The hosts and Des Roches also discuss Lucid’s new plant in […]
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Secretary of State Blinken, Saudi FM Prince Faisal bin Farhan on Russia Invasion of Ukraine
- March 3,2022
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- SUSTG Team
Secretary of State Antony J. Blinken spoke on Wednesday with his counterpart in Saudi Arabia, Foreign Minister Prince Faisal bin Farhan Al Saud, about the Russian invasion of Ukraine, the State department said in a brief statement.
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Latest Jadwa Chartbook: Saudi Investors Unfazed So Far on Russian Invasion; Consumer Spending Climbs
- March 2,2022
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- SUSTG Team
The latest edition of the monthly chartbook from Jadwa Investment found some encouraging data points on the Saudi economy, as observers of the Kingdom look for a strong year of growth in 2022.
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Market-Leading Pharmacy Firm Nahdi Seeks Up to $1.36 billion in Saudi Arabia’s Biggest IPO Since Aramco
- March 1,2022
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- SUSTG Team
Nahdi Medical Co, Saudi Arabia’s market leader in retail pharmacies, “aims to raise up to 5.11 billion riyals ($1.36 billion) in the country’s biggest initial public offering since Saudi Aramco’s listing in 2019,” Reuters reports.
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Saudi Aramco Finds Five New Gas Fields in Four Regions, SPA Says
- February 28,2022
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- SUSTG Team
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said that Saudi Aramco has discovered new natural gas fields in four different regions across the Kingdom, according to information published by the Saudi Press Agency. The fields were discovered “in the central area of the kingdom, in the Empty Quarter desert, near its northern border and […]
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NEOM Emerges as Most Desired Real Estate Destination for Saudis — Report
- February 24,2022
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- SUSTG Team
Saudi Arabia’s forthcoming new megacity NEOM on the Red Sea coast has been named as the most preferred location to buy a home by the kingdom’s homeowners, first-time buyers and high-net-worth-individuals (HNWI), according to Knight Frank’s annual 2022 Saudi Residential Survey.
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Amr Khashoggi joins The 966 to talk Saudi foreign policy, Vision 2030 and more
- February 18,2022
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- SUSTG Team
Saudi businessman and philanthropist Amr Khashoggi, chairman of Amkest Group, joins The 966 to talk about some interesting developments in the mining and minerals sector in Saudi Arabia, the red hot Saudi IPO market, Saudi foreign policy, Saudi Arabia’s economy and Vision 2030 and many more topics in episode 27 of the program.
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Jadwa Investment: Saudi GDP to Grow 7.7% in 2022
- February 17,2022
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- SUSTG Team
Saudi Arabia’s economy will “exhibit strong levels of growth in 2022, as pandemic related uncertainty and volatility seen over the last couple of years diminishes,” according to a new report from Riyadh-based Jadwa Investment, which said that the Kingdom’s overall GDP will expand by 7.7 percent in 2022.
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Saudi Moves Further into FinTech Space with PIF Backing of New Digital Bank Called D360
- February 16,2022
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- SUSTG Team
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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MUST-READS
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G20 - RiyadhSaudi Arabia to host G20 Leaders’ Summit in November 2020: SPA news agency
Saudi Arabia will host the 15th annual G20 Leaders’ Summit on November 21 and 22, 2020 in its capital Riyadh, Saudi press agency (SPA) said on Wednesday.
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Space TechnologyDefense priorities boost Gulf states’ space programs
The UAE’s and Saudi Arabia’s investments in space technology respond to a range of imperatives, including security, economic diversification and nation-branding. While their space programs seem ambitious in scope, the challenge that lies ahead is to translate investments into concrete commercial returns and military capabilities in the coming years.
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BeresheetIsrael’s Beresheet Spacecraft Crashes Into Moon During Landing Attempt
Beresheet ended up covering about 4 million miles (6.5 million kilometers) during this phase of the mission, team members said. No other spacecraft has taken such a long road to the moon.
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SpaceXSpaceX carries out first commercial launch: a successful Saudi satellite deployment
The rocket carried a Saudi Arabian satellite operated by Arabsat, a year after sending SpaceX founder Elon Musk’s slick red Tesla roadster into orbit as a test.
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SpaceSaudi Arabia joins Arab partners to collaborate on space exploration
The dream of an Arab space agency is one step closer to becoming a reality, after Saudi Arabia and 10 other countries signed the first pan-Arab agreement on coordinating national exploration programs at the Global Space Congress in Abu Dhabi last week.
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SecurityHouthi UAVs infiltrate Saudi airspace
An unmanned aerial vehicle (UAV) operated by Yemen’s Ansar Allah rebel group (popularly known as the Houthis) has penetrated more than 120 km into Saudi airspace to film a desalination plant on the kingdom’s Red Sea coast.
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Space ProgramSaudi Arabia, 10 Arab Countries to Cooperate on Space Program
Eleven Arab states including Saudi Arabia, Algeria and Morocco on Tuesday signed on to the first regional team to cooperate on a space program, the UAE said.
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CERAWeekCERAWeek’s No Longer a Safe Space for Oil
CERAWeek has long been something of a safe space for the oil industry, where delegates trade gossip, do a little business and speculate over drinks and ballroom chicken where their beloved, if mercurial, market might be headed.
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Saudi-CanadaCanada risked losing more than $7B in investment over Saudi spat, documents show
Federal finance officials were concerned last summer by the threat of a diplomatic and trade crisis with Saudi Arabia exploding to draw in other countries in the region — potentially putting billions of dollars in direct investment in danger — newly-released documents reveal.
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TurkeyTurkey targets defense and aerospace exports to counter growing national deficit
The Turkish government is pressuring its defense and aerospace industries to boost exports as part of an aggressive strategy aimed at addressing the country’s account deficit and plunging national currency.
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