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Saudi Arabia’s Stock Market Holds Near 15-Year Highs; Goldman Sees Saudi as Region’s Busiest in 2022
- January 24,2022
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- SUSTG Team
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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KAPSARC’s Adam Sieminski joins The 966 to talk renewable energy and the circular carbon economy
- January 21,2022
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- SUSTG Team
The 966 welcomes a special guest for Episode 22 from Riyadh: Adam Sieminski, who just finished serving as President of KAPSARC, the leading think tank based in Saudi Arabia. Adam previously was the head of the U.S. Energy Information Agency, and was the senior director for energy and environment on the U.S. National Security Council […]
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President Biden Says Administration Considering Re-Designating Yemen’s Houthis as a Terrorist Group
- January 20,2022
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- SUSTG Team
U.S. President Joe Biden said on Wednesday his administration is considering re-designating Yemen’s Houthi movement as an international terrorist organization following persistent drone attacks on civilians in Saudi Arabia and the UAE. His comment at a press conference came shortly after the group claimed an attack by the group that killed three people at Abu Dhabi airport […]
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Saudi Arabia’s PIF Gains Estimated $1 Billion on Activision Investment with Microsoft Takeover
- January 19,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) bet on gaming publisher Activision is set to gain over $1 billion with Microsoft’s planned takeover of the company, a Bloomberg report said.
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Three Killed, Six Injured in Deadly Houthi Drone Attack on UAE Capital
- January 18,2022
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- SUSTG Team
Yemen’s rebel Houthi movement said Monday it had carried out a military attack on the United Arab Emirates, attacking the airport in Abu Dhabi and an industrial area and killing three people, according to reports.
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The 966 Episode 21: A deep dive on the homegrown Saudi defense industry and the U.S.-Saudi security relationship with David Des Roches
- January 14,2022
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- SUSTG Team
Episode 21 of The 966 has the hosts welcoming special guest and security expert David Des Roches, Associate Professor at the National Defense University and a Non-Resident Fellow, AGSIW. Des Roches joins The 966 to discuss the status of the U.S.-Saudi security relationship and how Saudi Arabia is progressing in its efforts to develop a homegrown […]
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Reports: Lucid will Build Factory in Saudi Arabia by 2026
- January 13,2022
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- SUSTG Team
Lucid Group Inc.’s chairman Andrew Liveris said this week that the EV car-marker intends to build a factory in Saudi Arabia by 2025 or 2026, and is currently in the process of negotiating details with ministries in the Kingdom.
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New Podcast Explores History Behind Greg Norman’s Saudi-Backed Quest to Shake-Up Golf
- January 12,2022
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- SUSTG Team
A new podcast from Golf Digest focuses on the history behind Greg Norman’s quest to shake up the sport of golf, backed by the Saudi Arabia Public Investment Fund’s LIV Golf Investments.
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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
- January 7,2022
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- SUSTG Team
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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Goldman Sachs is ‘Extremely Bullish’ on Commodities Amid Potential Decade-Long ‘Supercycle’
- January 6,2022
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- SUSTG Team
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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MUST-READS
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QatarForeign Flows Favor Qatar Over Saudi Stocks as Gulf Spat Lingers
Overseas institutional investors were net buyers of about $2.3 billion of shares traded on Doha’s bourse this year, more than triple the foreign flows into Riyadh, according to stock-exchange data compiled by Bloomberg.
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Real EstateLack of prime office space said to be holding back Saudi market
A lack of prime office stock in Saudi Arabia is holding the market back as firms struggle to find accommodation for their expansion plans, according to a new report.
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SyriaAleppo ‘gas attack’ sparks Russia strikes
Russia has carried out air strikes against Syrian rebels it accuses of launching a chemical attack on the government-held city of Aleppo.
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SpaceRussia’s space agency offers to train Saudi, Bahraini astronauts
Roscosmos is holding talks with Saudi Arabia and Bahrain on training their astronauts for a mission to the International Space Station
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MilitarySaudi Arabia launches JV to build warships with Spain’s Navantia
Saudi Arabian Military Industries and Spain’s state-owned Navantia have started a joint venture to manufacture warships in the kingdom, the official Saudi Press Agency reported on Wednesday.
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Jamal KhashoggiSaudi king and crown prince call Khashoggi’s son to express condolences: SPA
Saudi King Salman and Crown Prince Mohammed bin Salman called slain Saudi journalist Jamal Khashoggi’s son, Salah, to express their condolences, the Saudi Press Agency said late on Sunday.
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Riyadh AirportSaudi Arabia to set up special economic zone at Riyadh airport: SPA agency
Saudi Arabia announced the establishment of a special economic zone to draw more foreign investment, state news agency SPA reported on Sunday.
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Saudi Stock MarketSaudi Stocks Reverse Loss as Breakthrough Seen on Khashoggi Spat
Saudi Arabian stocks erased losses as U.S. media reported the kingdom may say Jamal Khashoggi disappeared because of a botched investigation, potentially diminishing the risk of punitive action from the U.S.
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Saudi WorkforceAuto spare parts shops absorb young Saudis
Like in other sectors, in the automobile field big players successfully implement the mandatory 70 percent Saudization while small-scale shops largely managed by expatriates have left the scene for failing to comply with the new rule.
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LebanonLebanese newspaper protests politicians’ failure to form government with blank edition
Major Lebanese newspaper an-Nahar published a blank edition on Thursday to protest against what it called a “catastrophic situation” in Lebanon, which five months after an election still has no new government.
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