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Saudi Arabia’s 2022 Fiscal Budget Report Released, with First Surplus in Nearly a Decade Seen for 2022
- December 13,2021
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- SUSTG Team
Saudi Arabia released its budget for the 2022 fiscal year following the endorsement by the Council of Ministers on December 12th, with a few changes from the preliminary budget released earlier in September this year. As expected, Saudi Arabia is expected to register its first fiscal surplus since 2013.
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MBS’s GCC Tour, PIF’s Latest Telecom Moves, and Saudi Arabia’s ‘Ever More Ambitious Investment Strategy’ with Guest Co-Host Robert Mogielnicki from AGSIW
- December 10,2021
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- SUSTG Team
This week, The 966 welcomes guest co-host Robert Mogielnicki from the Arab Gulf States Institute in Washington (AGSIW) and Adjunct Assistant Professor at Georgetown University. The hosts discuss the changed working week in the UAE and discuss why visiting Saudi Arabia is the best way to understand what’s going on in the country. Then, the hosts […]
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Tadawul IPO Surges in Debut, CEO Says 50 Companies have Applied for 2022 Listing
- December 9,2021
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- SUSTG Team
Saudi Tadawul Group’s IPO raised $1 billion, with shares rising as much as 22% on Wednesday, marking the biggest exchange IPO since Euronext went public in 2014.
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Senate Approves Biden Administration’s Weapons Sale to Saudi Arabia in Bipartisan Vote
- December 8,2021
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- SUSTG Team
The Senate on Tuesday gave a bipartisan vote of confidence to the Biden administration’s proposed weapons sale to Saudi Arabia, Politico reports, overcoming criticisms from some Senators on both sides. The Senate handily defeated an effort to block a $650 million sale of air-to-air missiles and related equipment to Saudi Arabia with a 67-30 vote.
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The 966 Podcast Interviews Fahad Nazer, Saudi Arabia’s Top Spokesperson for the Saudi Embassy in Washington
- December 7,2021
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- SUSTG Team
The 966 features an exclusive, two-part interview with Fahad Nazer, spokesperson for the Saudi embassy in Washington. In part one of the interview, the hosts ask Mr. Nazer about a wide range of mostly domestic and economic issues, including Saudi Arabia’s energy plans, the Kingdom’s relationship with the U.S. Congress (and the Biden administration), the […]
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After Hosting France’s Macron for Talks, Crown Prince MBS Attends First Ever Saudi Grand Prix
- December 6,2021
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- SUSTG Team
It was a busy weekend for Saudi Arabia’s Crown Prince Mohammed bin Salman ahead of a planned regional trip to neighboring Gulf countries. The crown prince hosted France’s President Emmanuel Macron in Jeddah for diplomatic and trade talks at the Al-Salam palace in Jeddah on Saturday. Macron landed in Jeddah after visits to the United Arab Emirates and […]
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The 966 E. 14 – Saudi Stock Market to IPO, Shale Gas in KSA, and Discussing the Economy in 2022 with Guest Co-Host Fahad AlMalki
- December 3,2021
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- SUSTG Team
The 966 team welcomes its first co-host for the podcast’s weekly show, Fahad AlDehais AlMalki, a lawyer and capital markets expert in Riyadh. The hosts ask Fahad about starting up his own law firm in the Kingdom, and talk about big golf news in Saudi this week, a packed season of events in Riyadh, the […]
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Saudi Economy on Track for ‘Very Strong Level of Growth This Year,’ with 2022 ‘Critical’ for Vision 2030 — Jadwa Investment
- November 30,2021
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- SUSTG Team
The Saudi economy is “on-track to record a very strong level of growth this year, and we expect this to continue into next year…[with] the Kingdom’s economy growing by 7 percent year-on-year in 2022 as a result of sizably higher oil sector growth and robust levels of non-oil growth,” Jadwa Investment said in the Riyadh-based bank’s […]
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With Pandemic’s Damage in the Rear View for Saudi Arabia, Consumers Up Spending; Non-Oil Economy Recovers
- November 24,2021
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- SUSTG Team
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 Approach to Pandemic a ‘Model to the World’; Challenges and Opportunities in Kingdom’s Healthcare Sector
- November 23,2021
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- SUSTG Team
Saudi Arabia has all but defeated the Coronavirus pandemic within its borders. New cases in Saudi Arabia have remained below the 100 mark since mid-September, making the Kingdom the envy of most other countries who are struggling to keep the virus under control. A new report from Jadwa Investment highlights how Saudi Arabia’s approach to dealing […]
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MUST-READS
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Saudi-CanadaCanadians give Ottawa mixed reviews for its handling of Saudi Arabia spat
44 per cent say they approve Ottawa’s response to the surprise tiff, with almost one-quarter saying they strongly approve.
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SPARKSaudi’s Dammam to see $6bn GDP boost from SPARK energy park plan
JLL report says King Salman Energy Park is set to boost sectors of Dammam Metropolitan Area's real estate market
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Counter TerrorismUS Counterterrorism strikes: Tempo remains high in Somalia and Yemen, transparency improves
Thus far in 2018, the United States has sustained its high strike tempo in Somalia and increased transparency on its air campaign in Yemen. Strikes in Pakistan have leveled off, although press restrictions make tracking operations there difficult. In Libya, the US has targeted jihadists sparingly.
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SAMISaudi Arabia signs deal for 5 Spanish-built warships
Saudi Arabian Military Industries says it has signed a deal with Spanish state-owned shipbuilder Navantia to establish a joint venture to supply five warships.
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OPECThe $200 billion annual value of OPEC’s spare capacity to the global economy
Rising international oil prices and increased geopolitical uncertainty have put OPEC’s spare production capacity back into the spotlight. KAPSARC’s recent peer-reviewed collaborative study in the Energy Journal by authors Axel Pierru, James L. Smith, and Tamim Zamrik finds that OPEC’s spare capacity reduces oil price volatility and generates between $170 and $200 billion of annual economic benefits for the global economy.
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SPARKNew energy park to fuel Saudi demand for office space
The development of King Salman Energy Park (SPARK), one of the largest investments in the Saudi Eastern Province, is set to boost sectors of Dammam Metropolitan Area’s (DMA) real estate market and in the long term contribute to national GDP, says JLL’s latest report.
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Saudi ArtHere are the Saudi art spaces you need to be following on Instagram
Jeddah’s Hafez Gallery quickly grew over 21,000 Instagram followers who eagerly watched it showcase modern and contemporary Saudi art.
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UAE in SpaceFirst UAE astronaut heading to International Space Station in 2019
The United Arab Emirates has announced it will send an astronaut to the International Space Station (ISS) next year, becoming the latest nation to launch a citizen beyond Earth.
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War in YemenUAE’s campaign for Yemen port city a test of ‘Little Sparta’
"From our perspective, three years of war is enough. It is time for the political process," Emirati Minister of State for Foreign Affairs Anwar Gargash told journalists at a news conference Monday. "If the Houthis don't want to start the political process, we will force them to start the political process."
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PIFSpace for private equity in Saudi’s grand vision
Return targets have hovered around 3 percent for PIF; it is aiming to generate between 4 percent and 5 percent in average annual returns by 2020.
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