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LEAPing forward in an increasingly tech-focused Saudi Arabia, Riyadh as a global events destination, and much more
- February 10,2023
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- SUSTG Team
The 966 Episode 75! The hosts discuss the recently-concluded LEAP conference and exhibition in Riyadh and how Saudi Arabia is increasingly becoming a leader in the space in the region. They also discuss how Riyadh is, in general, becoming a more attractive destination for global events, a concept once difficult to imagine before the Kingdom […]
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LEAP Conference Concludes in Riyadh with Major Deals, Focus on Tech
- February 9,2023
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- SUSTG Team
The 2023 LEAP conference ended on Thursday in Riyadh, with major deals for cloud computing centers and announcements of investments into the Kingdom’s tech sector in hopes of creating a vibrant startup ecosystem.
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First Saudi Team Reaches Club World Cup Final as Al Hilal Bests South American champions Flamengo
- February 8,2023
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- SUSTG Team
Saudi Arabia’s Al Hilal secured a 3-2 win over South American champions Flamengo on Tuesday that sent them to the Club World Cup final – the first time a Saudi team has reached the championship match in this tournament.
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FDI Inflows into Saudi Arabia Soar in 3Q 2022; MISA Says Investment Licenses Granted Up Over 50%
- February 7,2023
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- SUSTG Team
Saudi Arabia saw more positive economic news this week, as Foreign direct investment (FDI) inflows into the Kingdom rose 10.7% in the third quarter of 2022 over the same period a year earlier. Figures from the investment ministry showed FDI inflows totaled 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, up from 6.5 billion riyals […]
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Physician-scientist Dr. Doaa Alsaleh MD joins The 966, plus a new visa to visit Saudi and much more
- February 3,2023
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- SUSTG Team
In Episode 74, a conversation with Dr. Doaa Alsaleh MD, a physician-scientist at the Icahn School of Medicine at Mount Sinai in New York City on her journey, work, research, and future before returning to work in Saudi Arabia soon. Dr. Doaa was born in Saudi Arabia, got her medical degree in Bahrain, and is now […]
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Saudi Arabia’s King Issues Royal Decree Appointing Ayman Alsayari as New Central Bank Governor, Replacing Fahad Al-Mubarak
- February 2,2023
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- SUSTG Team
Saudi Arabia’s King Salman issued a royal decree appointing a new governor of the Kingdom’s central bank and moving its former boss to a role as advisor to the Royal Court, according to reports.
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Saudi Arabia’s PIF, U.S.-Based AeroFarms Agree to Establish Riyadh-Based Vertical Farms Company
- February 1,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has signed a joint venture agreement with New Jersey-based AeroFarms to establish a company in Riyadh to build and operate indoor vertical farms in the Kingdom with an eye toward expansion in the wider MENA region, according to a report in Arab News and a press release from the PIF.
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Saudi Arabia’s Non-Oil Economy Grew 6.2% During the Fourth Quarter of 2022 – Latest Data
- January 31,2023
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- SUSTG Team
In the 4th quarter of 2022, Saudi Arabia’s non-oil sector grew at the fastest pace in more than a year and “helped the kingdom record the fastest overall growth among major global economies,” Bloomberg reports. The non-oil economy grew an annual 6.2% during the fourth quarter of last year, the highest level since the third […]
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Saudi Arabia’s PIF Remains 6th Largest SWF Globally, Latest Data Show
- January 30,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) now has assets worth $607.42 billion and is the 6th largest sovereign wealth fund in the world, according to latest data from the Sovereign Wealth Fund Institute.
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The 966 exclusive interview with Bechtel Saudi Arabia Managing Director Jacob Mumm on the company’s active role at Neom, the Riyadh metro, and its storied history in the Kingdom
- January 27,2023
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- SUSTG Team
In Episode 73 this week, The 966 features an exclusive conversation with Jacob Mumm, Managing Director for Bechtel Saudi Arabia. Bechtel’s role in over 300 major projects throughout 80 years in Saudi Arabia, including the world’s largest single industrial development project at Jubail, the ambitious Riyadh Metro project, “The Spine” at Neom, Ras Al Khair, […]
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MUST-READS
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IsraelIsraeli PM steps up campaign against indictment with rally
Ramping up his attack on the state institutions responsible for his corruption indictment, Prime Minister Benjamin Netanyahu is looking for a show of strength in a public protest Tuesday night in Tel Aviv. His ruling Likud party is calling on supporters to demonstrate against what they call an attempted “coup.” But with critics already deriding the move as sedition, the event could backfire if turnout is low and top Likud officials stay home.
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Aramco IPOCommentary: The Contradiction at the Heart of the Aramco IPO
Saudi officials had hoped privatization initiatives would generate up to 40 billion riyals (approximately $10.7 billion) in government proceeds and result in 35 billion riyals (around $9.3 billion) in net government savings by 2020. These proceeds could be reinvested effectively in strategic, non-oil sectors, such as technology, tourism, and entertainment.
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TourismUK, Chinese visitors top list as 50,000 holiday in Saudi Arabia after restrictions ease
British tourists, followed by Chinese, were the top visitors, Ahmed Al-Khateeb, chairman of the Saudi Commission for Tourism and National Heritage, said in an interview in Riyadh. About 140,000 people requested tourist visas, he said.
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SyriaRussia Encroaches on U.S. Stronghold in Syria, Threatening Conflict
"This is a new phase that the U.S. hasn't dealt with before," says John Dunford, a research assistant at the Institute for the Study of War, which tracks the movement of forces in the region. "As we move into a new phase of war, northeast Syria becomes more and more compacted with different forces."
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UAEUAE in weapons making push as allies restrict sales
The United Arab Emirates (UAE) is making a push to develop high-tech military hardware that would give it control over critical defense capabilities and lessen reliance on imports.
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IsraelBenjamin Netanyahu indicted on charges of bribery, fraud and breach of trust
Netanyahu, who has denied any wrongdoing and said he is the victim of a "witch hunt," faces up to 10 years in prison if convicted of bribery and a maximum 3-year term for fraud and breach of trust, according to legal experts.
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GovernanceSaudi Arabia Convicts 18 People of Bribery and Fraud
The rulings followed an investigation by the public prosecutor, who presented "strong evidence" of corruption, SPA said. Punishments included jail sentences of up to 16 years and monetary fines totaling 4 million riyals ($1.07 million).
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SecuritySaudi court convicts 38 people on terrorism-related charges
A Saudi Arabian court has convicted 38 people of terrorism-related crimes, state-run Al Ekhbariya television reported on Tuesday. The TV channel said they were charged with financing terrorism and with takfir - the Islamist militant practice of labeling followers of other schools of Islam unbelievers. It said one of them “set up a terrorist organization in prison”.
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Music EducationSocial media awash with pictures of music classes six decades ago
Minister of Culture, Prince Badr Bin Abdullah Bin Farhan announced that he had reached an agreement with the Minister of Education Hamad Al-Ashaikh to restore teaching of music to the school curriculum .
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Trump Foreign PolicyTrump declares victory in northeastern Syria as Russian troops move in
Trump, who announced the withdrawal of all U.S. troops in Syria two weeks ago, confirmed that a residual American force would remain near oil fields in eastern Syria. That area is south of a line of control Turkey has drawn 20 miles inside Syria.
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