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Saudi Arabia Transfers 8% of Aramco to Kingdom’s Public Investment Fund
Saudi Arabia has moved a roughly $160 billion stake in its state oil giant Aramco into its main sovereign wealth fund, the Public Investment Fund, according to a report in the Wall Street Journal.
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New Imagery Released of F1 Circuit at Forthcoming Entertainment City Qiddiya
Saudi Arabia has released computer-generated images of its planned new racing circuit in the forthcoming mega entertainment project Qiddiya, which will feature a 20-story-high elevated first corner and a swimming pool overlooking a section of track, according to reports.
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Saudi PIF, Bahraini Counterpart Mumtalakat Sign Agreement to Boost Cooperation and Investment
Saudi Arabia’s Public Investment Fund (PIF) and its Bahrani counterpart, Mumtalakat, have signed a memorandum of understanding (MoU) to expand cooperation and enable new and promising investment opportunities in Bahrain.
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Israel, Gaza, and a region with shifting power dynamics with columnist Hussein Ibish
In Episode 125, the hosts welcome veteran columnist and analyst Hussein Ibish onto The 966 for his third appearance on the program to unpack the implications of Israel’s brutal war in Gaza and the shifting regional and global power dynamics since October 7th.
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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Human Capability Initiative Conference in Riyadh Concludes with Goal of Increasing Employment Rate in New Industries
The Human Capability Initiative (HCI) Conference launched this week in Riyadh at the King Abdulaziz International Convention Center under the patronage of Crown Prince Mohammed bin Salman with the goal of boosting human capital in the Kingdom.
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Riyadh Air Makes Waves at Aviation Festival of Asia 2024
New Saudi airline Riyadh Air is touting its new offering at an industry event in Asia, with the CEO and COO giving public appearances and with it a glimpse into the plans and aspirations of the startup airline.
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Lucid CEO Says Saudi Arabia Views Struggling EV Maker as Strategic Investment for Economic Diversification
Lucid Motors CEO said at the Geneva International Motor Show today that the struggling EV maker and its Saudi backers are “in this together for the long run” and the relationship is like a “marriage,” according to a report in Bloomberg.
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Ahead of LEAP in Saudi Arabia, MCIT’s Abdullah Alshamrani joins The 966 to talk tech, ecosystem development, and more…
Abdullah Alshamrani, General Manager of the Digital Entrepreneurship Center at Saudi Arabia’s MCIT join The 966 to talk ecosystem development in the Kingdom, the entrepreneurship scene, and the Kingdom as a future destination for tech.
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Khalid bin Musaed bin Saif bin Abdulaziz Al-Saif (1953-2024)
*A note from SUSTG’s President, Richard Wilson.* My friend, Khaled Al-Saif, a true Saudi patriot, passed away on February 18.
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MUST-READS
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US, Israel Withdraw from UNESCO
Following the U.S. decision Thursday to quit the United Nations organization for education, science and culture, Israel announced it too will withdraw. The United States stopped funding UNESCO after the Palestinian Authority was accepted into the agency as a full member. As a member subject to membership dues, the United States accumulated a $600 million debt over the years.
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U.S. to Pull Out of UNESCO, Again
The United States plans to formally withdraw from UNESCO, the U.N.’s Paris-based cultural, scientific and educational organization, to save money and protest what it views as the organization’s anti-Israel bias.
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UNESCO: Aleppo’s Old City can be rebuilt
Aleppo’s Old City, shelled, burned and shot up during years of fighting in Syria’s civil war, can be rebuilt, the local representative of the United Nations cultural body UNESCO said.
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UNESCO and Kingdom of Saudi Arabia reinforce cooperation to drive education reform
The letter of agreement foresees strengthening the participation of Saudi universities in the UNITWIN programme that aims to foster international inter-university cooperation in building education and research networks, with a commitment to establish 13 UNESCO Chairs in six different institutions.
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UAE and UNESCO to preserve Middle Eastern archaeology with 3D printing technology
"Extremists want to impose a different vision on the world. They want to tell us that there is no memory, that there is no culture, that there is no heritage,” added Irinia Bokova, Director-General of UNESCO. “We join hands with Dubai Museum of the Future Foundation to participate in the effort to oppose the extremists' vision of the future and to help convey the history to future generations."
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Sites in Italy, Jordan and Saudi Arabia inscribed on UNESCO’s World Heritage List
The World Heritage Committee inscribed three new cultural sites on the World Heritage List this afternoon: Arab-Norman Palermo and the Cathedral Churches of Cefalú and Monreale in Italy; Baptism Site “Bethany Beyond the Jordan” (Al-Maghtas) in Jordan and Rock Art in the Hail Region of Saudi Arabia.
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ISIS destroying Iraq’s cultural heritage: UNESCO chief
ISIS has destroyed shrines, churches and precious manuscripts in Mosul, Tikrit and other areas of Iraq it controls and excavated sites to sell objects abroad, in what Bokova has previously described as "cultural cleansing". In September, officials said that ISIS militants are using intermediaries to sell priceless treasures, such as ancient Iraqi artefacts, on the black market to finance their activities. The militants gained some experience of dealing in antiquities after taking control of large parts of Syria, but when they captured the northern Iraqi city of Mosul and the Nineveh province in June, they gained access to almost 2,000 of Iraq's 12,000 registered archaeological sites.
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