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  • World Bank Lauds KSA for Breakthrough Pension Reforms
     

    Saudi Arabia took a big leap forward in transforming its pension system with the recent announcement of comprehensive reforms, designed with support from the World Bank, aimed at enhancing income protection during old-age, but also promoting gender equality. 

     
  • The 966, #133, How Working Women are Changing Saudi Arabia with Dr. Jennifer Peck, Swarthmore College
     

    In Episode #133 of The 966 podcast host Richard Wilson welcomes Dr. Jennifer Peck, Swarthmore College, who has done extensive and fascinating research on women in Saudi Arabia’s labor market as well as recently being featured in Foreign Affairs magazine for her superbly researched and written article, Working Women are Changing Saudi Arabia: Reforms Have Made […]

     
  • Dollar-priced oil ending? What’s the story?
     

    A claim emerged in Chinese-language social media posts in June that Saudi Arabia terminated a 50-year formal agreement with the United States to conduct oil transactions in U.S. dollars, under a deal called the “petrodollar agreement.”

     
  • Esports World Cup is Underway in Riyadh
     

    The Esports World Cup Foundation celebrated the start of the Esports World Cup , the world’s largest gaming festival, held at Boulevard City in Riyadh, Saudi Arabia. The event runs for eight weeks, from July 3 – August 25 with more than 1,500 players from the best esports clubs across the globe competing for prizes in 22 tournaments across 21 games.

     
  • Aramco’s strategic gas expansion progresses with $25bn contract awards
     

    Aramco has awarded contracts worth more than $25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels.  The contracts relate to phase two development of the vast Jafurah unconventional gas field, phase three expansion of Aramco’s Master Gas System, new gas rigs […]

     
  • Saudi Green Lights Three Solar Projects Totaling 5.5 GW
     

    The Saudi Power Procurement Company signed power purchase agreements for solar projects with a combined capacity of 5.5GW.  The projects include the Haden solar PV plant (2GW), the Al-Muwaih Solar PV plant (2GW) in the Mecca Province, and the Al-Khushaybi PV project (1.5GW) in the Qassim Province.

     
  • The 966, Episode #132, The Many Impacts of The Gaza War with Stefanie Ali, Senior Director, Rice, Hadley, Gates and Manuel LLC
     

    The 966 welcomes Stefanie Hausheer Ali, Senior Director at international affairs consulting firm Rice, Hadley, Gates & Manuel LLC, to get her informed perspective on the impact of the Gaza war with particular reference to the damage it has done to the U.S. reputation and U.S. corporate brands. 

     
  • Saudi 100 Brands stage Paris show
     

    The Saudi 100 Brands is a dedicated program for Saudi fashion companies, brands and/or designers to receive specialized mentoring, training and consulting in the categories of bridal, couture, ready to wear, jewelry, bags, beauty, footwear and fragrance.

     
  • Saudi car imports spike in 2023
     

    Saudi Arabia’s car imports grew to 93,300 vehicles in 2023, up from 66,900 the previous year. Japan, India, South Korea, US, and Thailand are the leading exporters of cars to Saudi Arabia.

     
  • Aramco Share Sale Nets $12 Billion
     

    This is Aramco’s second share sale after it first entered public markets in 2019 offering 1.5% of the company and raising a record $29.4 billion, history’s largest IPO to date. Aramco is the world’s largest oil company in terms of both daily crude production and market cap.

     

MUST-READS

  • Moscow, Tehran Move Forward On Plans For Iran-Designed Drone Factory in Russia

    Russia and Iran are moving forward on plans to establish a factory in Russia aimed at producing some 6,000 Iran-designed drones of the type Moscow has used in the Ukraine war, according to The Wall Street Journal, which cited officials in a U.S.-aligned country. Moscow and Tehran seek to produce a faster drone to better challenge Ukrainian air defenses, the officials said. Washington last month warned that Moscow and Tehran were considering construction of a drone-making plant in Russia.

  • Parsons Awarded Contract For Megaproject In Saudi Arabia

    Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Rua Al-Madinah Holding Company (RAM-H) to provide construction project management consultancy and contract administration services (PMCM) for the Rua Al-Madinah mega mixed-use real estate project in the holy city of Al-Madinah Al-Munawarah, Kingdom of Saudi Arabia (KSA). Under the $15 million contract, Parsons will manage the main infrastructure works including the tunnel, road, and utility works.

  • Saudi Aramco awards contract to develop $690m seawater desalination plant

    Saudi Aramco has awarded a contract to Lamar Holding to develop a seawater desalination plant valued at SR2.6 billion ($693 million). The seawater reverse osmosis desalination plant includes a water distribution network, and is a part of the Jafurah gas development scheme. The project has a design capacity of 80,000 cubic meters a day, and includes power and utility facilities, according to a MEED report.

  • Factbox: Cristiano Ronaldo joins Al Nassr: what we know of the Portugal forward’s new Saudi Arabian club

    Al Nassr are the second-most successful team in the league with nine titles. Their last win was in the 2018-19 season. Only Al Hilal, also based in Riyadh, have won more titles (18).

  • PIF’s Seven reveals plans for Warner Bros Discovery edutainment attractions across Saudi Arabia

    “This is the very first indoor adventures centre for Warner Bros Discovery here in Saudi Arabia and we’re delighted to be launching it through our partnership with Seven,” said Peter van Roden, SVP, Global Themed Entertainment for Warner Bros Discovery. “This indoor adventure featuring Discovery content will further aid in our promise to always strive to deliver experiences that we know our fans will love.”

  • The Drone Wars and Their Impact: An Initial Assessment

    Libya has been called “ground zero for drone wars,” a place where Turkey and China can demonstrate their wares by arming opposing sides in the civil war. It’s the modern version of the “Win on Sunday, sell on Monday” philosophy behind factory-backed motor racing teams, but in this venue the contestants are the Turkish TB2 and the Chinese Wing Loong. But, despite the aura of precision, the belligerents haven’t fared any better than any other drone users, including the U.S., in one case attacking a town hall meeting, killing 45.

  • Farasan Island of Saudi Arabia confronts the measurable impacts of global warming in 45 years

    The highly influenced areas by the environmental changes were the north, central, northwest, southwest, and northeast parts of the island. Urban expansion and sea-level rise gradually influence the island ecosystem, which needs proper attention, management, policies, and awareness planning to protect the environment of Farasan Island. Also, the study’s findings could help develop new strategies and plan climate change adaptation.

  • AMAALA advances: Saudi giga project set to award contracts worth $1.6bln

    “Surpassing 300 contract awards underscores the scale of this project and the significant progress being made as we press ahead with activity on the ground to bring our destination to life,” said John Pagano, Group CEO of TRSDC. Spanning over 4,155 square kilometres within the Prince Mohammad bin Salman Natural Reserve, the first phase of AMAALA is focused on the Triple Bay masterplan.

  • Farasan Island of Saudi Arabia confronts the measurable impacts of global warming in 45 years

    This study used Digital Shoreline Analysis System (DSAS) to delineate the shoreline changes of Farasan Island during 1975–2020. Multi-temporal Landsat data and DSAS were used for shoreline calculation based on endpoint rate (EPR) and linear regression.

  • Perspective: Will Biden’s Pact with Israel draw the U.S. into Another Middle East War?

    On 14 July 2022, U.S. president Joe Biden and Israeli prime minister Yair Lipid, signed the Joint Declaration on the US-Israel Strategic Partnership. The U.S. pledged “never to allow Iran to acquire a nuclear weapon, and that it is prepared to use all elements of its national power to ensure that outcome.”