For decades, farmers in southern Afghanistan relied on opium poppies to make a living in their parched desert landscape. Even as prolonged drought dried out rivers and turned fields so salty that they glowed white in the sun, the hardy poppies flourished.
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MBS’ True Legacy
- April 10,2024
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- SUSTG Team
Writing in Al-Arabiya, Richard Wilson, SUSTG president and The 966 Co-host, points out the fundamental (rather than flashy) changes that represent Crown Prince Mohammed Bin Salman’s true legacy.
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U.S. Ambassador Michael Ratney joins The 966 for a truly informative Episode #127
- April 9,2024
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- SUSTG Team
U.S. Ambassador Michael Ratney shares his insights with The 966 in a wide-ranging conversation with Richard Wilson. Just over one year in his position, Amb. Ratney offers his perspective on change in Saudi Arabia and an evolving U.S.-Saudi relationship.
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Saudi Stock Market Lists 400th Security
- April 3,2024
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- SUSTG Team
Formally established in 2007 after the devastating market crash of 2006 and incorporated as a holding company in 2021, the Saudi stock market (Tadawul) recently hit a milestone of 400 listed securities.
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NYT Reports on Proposed $40B Saudi AI Investment
- March 20,2024
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- SUSTG Team
The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.
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Al-Hilal’s Streak and Saudi Professional League Spending
- March 13,2024
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- SUSTG Team
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
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SoftBank to Create Industrial Robots for Saudi Arabia
- February 22,2024
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- SUSTG Team
Alat (Arabic for ‘machines’), the PIF funded $100 billion initiative to create an automated manufacturing hub in Saudi Arabia will invest up to $150 million in partnership with SoftBank.
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2nd Edition of FII in Miami, Florida Kicks Off Tomorrow
- February 21,2024
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- SUSTG Team
Leaders from the public and private sector, business and finance executives and others will descend this week on Miami for the second FII event to take place in that city to discuss potential solutions to the planet’s ongoing conflicts and climate change, as well as artificial intelligence.
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The PIF’s biggest event of the year in Riyadh, the latest on the Saudi peace plan, and alcohol in Saudi Arabia? — The 966 Episode 120
- January 30,2024
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- SUSTG Team
In episode 120, The 966 once again has on offer a menu of excellence discussing some of the most important topics happening in Saudi Arabia this week — a tough decision for the editorial team as Saudi Arabia continues to create headlines as it marches forward with economic and social reforms.
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Secretary Blinken to Visit Saudi Arabia on Regional Diplomatic Tour to Contain Regional Spread of Violence
- January 5,2024
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- SUSTG Team
U.S. Secretary of State Antony J. Blinken will travel to the Middle East region this week to “discuss urgent mechanisms to stem violence, calm rhetoric, and reduce regional tensions,” according to a press release from the State Department. The State Department said that Blinken will visit Istanbul, Türkiye; Crete, Greece; Amman, Jordan; Doha, Qatar; Abu Dhabi, the […]
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New Royal Decrees in Saudi Arabia Change Up Regional Leadership Posts
- December 13,2023
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- SUSTG Team
A number of Saudi royals and officials were given new jobs on Tuesday as authorities issued a raft of royal decrees, according to reports by the SPA and Arab News.
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MUST-READS
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Saudi Women’s Quest For Change Enabled Them Earn Citizenship Rights
“Far from being passive victims of their society, Saudi women are active agents who possess the tools and the necessary resilience that enable them to militate for their citizenship rights. This goes against prevailing stereotypes, especially in the West,” says Prof. Salhi.
- As climate change imperils Taliban’s shift from opium, impact could be felt worldwide
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FTSE Russell implements periodic changes to Saudi market today
Global index provider FTSE Russell will implement today, June 24, the changes announced as part of its quarterly index review. The changes will be effective as of June 25 and will be implemented today, during the closing auction and trading periods at the closing price, as per the requirements of the global indices managers.
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Climate change threat hangs over haj pilgrimage as hundreds perish in heat
Nearly 2 million Muslims will reach the end of the haj pilgrimage this week, but extreme heat has proved fatal for hundreds who began the journey last Friday to the Kaaba at the Grand Mosque in Mecca in Saudi Arabia. At least 562 people have died during the haj, according to a Reuters tally based on foreign ministry statements and sources. Egypt alone has registered 307 deaths and another 118 missing, medical and security sources told Reuters, as temperatures at times soared past 51 degrees Celsius (124 Fahrenheit).
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Green Peace: How the Fight Against Climate Change Can Overcome Geopolitical Discord
The challenges facing the clean energy transition are real, but the impulse to pull back is misguided. Now is the time for more ambition, not less. As carbon emissions continue to rise, mitigating the dire threat of climate change requires much faster decarbonization than is currently underway. But this is not the only reason to hasten the transition.
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How 3 Schengen-style visas planned in GCC, Asia and Africa could change tourism forever
The Schengen visa has transformed tourism for holidaymakers across the world looking for hassle-free travel to Europe. A single document offering unrestricted access to 29 countries, it delivers a major economic boost for member countries and a major timesaver for travelers themselves. So transformative is the Schengen visa, in fact, that countries around the world are looking to partner up to form trading and diplomatic blocs with mutually beneficial tourism benefits.
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Saudi Exchange Publishes Guidelines for Offering and Listing of Foreign Companies
The Saudi Exchange published its guideline manual for foreign companies offering and/or listing on its Main Market. While current capital markets regulations and rules in Saudi Arabia permit such offerings, the lack of a clear criteria and process led to uncertainty among potential non-Saudi issuers, and may have deterred them from pursing listings or required them to restructure their operations in order to incorporate in Saudi Arabia before listing. In fact, to date there have been no cross-listings on the Saudi Exchange and only one dual-listing, which was the concurrent and dual-listing of Americana Restaurants in Saudi Arabia and the United Arab Emirates in December 2022.
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Saudi Exchange approves listing of $12.08bn in govt debt instruments
Saudi Arabia’s stock exchange has approved the listing of SR45.28 billion ($12.08 billion) worth of government debt instruments submitted by the Ministry of Finance.
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Saudi Arabia’s open banking strategy a game-changer
In May 2022, the institution, also known as SAMA, went live with its open banking initiative, which has altered the future of financial technology in the Kingdom and the wider region. Open banking is a technological innovation that enables customers to securely share their data with third parties. “Open banking changes the very nature of relationships across the financial ecosystem for Saudi Arabia and for the region as a whole. This is only a good thing,” said Al-Moayed.
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Calls for change mount as Saudi lady doctor dies in car crash post her 24-hour shift
The Saudi medical community has mourned the loss of Dr. Aziza Fatani, a dedicated neonatal intensive care doctor who died in a car accident after completing a 24-hour shift at a hospital in Jeddah.The incident, which occurred last Sunday, has sparked widespread calls for reform in hospital work schedules.
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