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Jadwa Chartbook: Saudi Arabia’s Growth Streak Continues with Non-Oil PMI Increasing on ‘Higher New Orders and Business Optimism’
- November 30,2022
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- SUSTG Team
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, and point of sale transactions, according to the latest monthly chartbook released by Jadwa Investment.
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An ‘Aerotropolis’: Saudi Arabia Plans to Build One of the World’s Largest International Airport’s in Riyadh Named After King Salman
- November 28,2022
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- SUSTG Team
Saudi Arabia plans to build one of the world’s largest airports in the capital Riyadh, named after King Salman, which will be capable of handling 185 million passengers a year and eventually powered by renewable energy, according to a statement from Saudi Arabia’s Public Investment Fund and reported widely by news outlets.
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Saudi Arabia Stuns World With Upset Win Over Argentina in Qatar World Cup Opener; King Salman Declares Wednesday a Holiday
- November 22,2022
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- SUSTG Team
In what some analysts are already classifying as one of the greatest upsets in the history of the World Cup, Saudi Arabia stunned tournament favorite Argentina, 2-1, in its opening match at Lusail Stadium in Doha.
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Oil Prices Fall as WSJ Reports OPEC is Considering an Output Increase on December 4
- November 21,2022
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- SUSTG Team
Saudi Arabia and other OPEC countries are discussing an oil output increase to be determined at its next meeting, the Wall Street Journal reports, “a move that could help heal a rift with the Biden administration and keep energy flowing amid new attempts to blunt Russia’s oil industry over the Ukraine war.”
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AGSIW’s Robert Mogielnicki joins the 966, MBS Goes to Asia, World’s Population Reaches 8 Billion, and more
- November 18,2022
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- SUSTG Team
Robert Mogielnicki from AGSIW and adjunct professor at Georgetown and GWU joins The 966 to talk NEOM, the PIF, the Saudi economy and so much more. The hosts talk about our neighbors – all 8 billion of them and counting – on planet Earth as the world’s population passes 8 billion. Lucien’s one big thing […]
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Saudi Arabia Signs $30 Billion Worth of Investment Agreements with South Korea
- November 17,2022
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- SUSTG Team
South Korean and Saudi Arabian leaders signed investment agreements worth at least $30 billion with South Korean companies in a major push to strengthen ties between the two nations, according to reports.
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Data Show Foreign Direct Investment Inflows into Saudi Arabia Falls 85% in Second Quarter on 2021 Aramco Deal
- November 15,2022
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- SUSTG Team
Saudi Arabia recorded second-quarter foreign direct investment (FDI) inflows down 85% year on year, an investment ministry report showed on Tuesday, with the reason for the significant drop attributed to the closing of state-owned Saudi Aramco’s IPO deal in the second quarter of 2021.
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Crown Prince Heads to G20 in Indonesia as Chinese Leader Xi Jinping Reportedly Eyes December for Saudi Visit
- November 14,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia will represent the Kingdom at the G20 in Indonesia at this year’s meetings, and will visit other Asian countries as part of the trip, state news agency SPA reported.
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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
- November 11,2022
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- SUSTG Team
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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PIF to List an Additional 10% of Saudi Stock Exchange; Investors Put in All Orders Within an Hour
- November 10,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is selling an additional 10% stake in the kingdom’s stock exchange, the Tadawul, “pushing ahead with plans to reduce its holdings in some of the country’s biggest companies and raise funds for investments,” Bloomberg reports.
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MUST-READS
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To see Saudi Arabia, start with this ‘magical’ gateway to Mecca
Along with its vast deserts and remarkable archaeological ruins, Saudi Arabia has Jeddah—the maritime gateway to the country’s sacred sites—to show off. In all, 650 18th- and 19th-century white-plastered, coral stone buildings. in Al-Balad (Old Jeddah), a UNESCO World Heritage site since 2014. Now is the time to visit, during a magical interlude after it has been refurbished but before the holiday hordes arrive.
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Digital art museum opens in Saudi Arabia
The museum, launched by the Tokyo-based art collective teamLab, comprises over 50 artworks spreading across its expansive and labyrinthine spaces, including "Borderless World," "Athletics Forest" and "Future Park."
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Saudi Arabia witnesses spike in women in tech startup than Europe: Report
This came in a report released by Endeavor Insight. The report also found that the percentage of women in tech is higher than that of men. According to reports, the participation rate of women in the tech sector stood at 28 percent in the third quarter of 2021, above the European average rate of 17.5 percent.
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Desert X Saudi Arabia Asks Viewers to Separate Politics and Art
Susan Davis, founder and president of Desert X, says the Saudi iteration came about through person-to-person diplomacy, rather than any international intrigue. The connector was Los Angeles–based artist, collector, and Saudi royal Sultan Bin Fahad, whose work “Desert Kite” appears in this year’s show.
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A strategic partnership aims to make Saudi Arabia a top global destination
A recently signed agreement between the Saudi Tourism Authority (STA) and Emirates, one of the biggest commercial carriers in the world, promises to boost the number of international travelers opting to vacation in the Kingdom, while benefiting both economies.
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Ministry of Investment of Saudi Arabia and Janssen kickstart a national campaign on the value of innovation in healthcare
The Ministry of Investment (MISA) and Janssen, the pharmaceutical companies of Johnson & Johnson, have launched Oloumak, a national multi-stakeholder campaign developed to shed light on the value of research, development, and innovation in healthcare and biotechnology in the Kingdom. In addition, the campaign aims to highlight the ways in which innovation in these vital industries fuels growth and economic transformation, and enhances patient care and quality of life.
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Saudi Arabia shows strong intent to drive a cloud-first, cloud-smart, and multicloud strategy
While multicloud adoption is rising, these are early days that create some challenges. Both in Saudi Arabia (54%) and globally (49%), respondents mentioned managing security across cloud borders most often as a multicloud management difficulty. Saudi respondents named maintaining consistent performance, second most often, notably more than average, while the task of integrating data across cloud environments consistently ranked in the top three most-mentioned issues among ECI respondents.
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United Arab League suspending Israeli parliamentary participation
The UAL party members, led by Mansour Abbas, are mostly comprised of Israeli Arabs. Notably, over 20 percent of Israel's population is Palestinian. The UAL was the first party representing Palestinian citizens to ever join an Israeli government and holds four seats in Prime Minister Naftali Bennett’s coalition.
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Everything to Know About Saudi Arabia’s Inaugural Islamic Arts Biennale in 2023
Cementing Saudi Arabia’s status as a serious art powerhouse on the world stage, the Diriyah Biennale Foundation has announced its inaugural Islamic Arts Biennale. Taking place in Jeddah in early 2023, this incredible event will showcase the vibrancy of Islamic art, both past and present.
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Saudi Arabian start-up Lawazem raises $1.3m to boost technology
Saudi Arabia's operational procurement start-up Lawazem raised $1.3 million in its seed-funding round, which will be used by the company to boost its technology and add more products to its portfolio. Operational procurement refers to the collection of products and services needed to sustain a company’s day-to-day business operations.
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