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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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Al Attiyah Keeps Sizable Lead in Dakar Rally; Saudi Officials Find ‘No Criminal Suspicions’ in Last Week’s Blast
- January 10,2022
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- SUSTG Team
Qatar’s Nasser Al-Attiyah kept a sizable lead going in the Dakar Rally as it enters its second week, as Sebastien Loeb moved back into second place with a stage victory at the start of week two in Saudi Arabia on Sunday, according to Reuters.
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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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White House Says it Welcomes OPEC+ Decision to Stick to Planned Output Increase
- January 5,2022
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- SUSTG Team
The White House on Tuesday welcomed a decision the OPEC+ group of oil producers led by Saudi Arabia to stick with their plans to raise crude production, and touted “close” coordination with Saudi Arabia and the United Arab Emirates, according to Reuters.
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The 966 Episode 19: Saudi Arabia’s ‘Nitaqat’ Reforms and Doing Business in Riyadh with Guest Chris Johnson
- December 31,2021
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- SUSTG Team
Episode 19 of The 966 weekly podcast with special guest Chris Johnson, managing attorney, Johnson & Pump and Chairman, MECACC & KKR Saudi Arabia. Chris is a resident of Riyadh and, along with his legal work, publishes a terrific weekly newsletter. The hosts and Chris discuss a handful of topics including Nitaqat in Saudi Arabia, […]
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Facing Omicron Variant Surge, Saudi Arabia Steps Up Precautions, Increases Vaccine Requirements
- December 30,2021
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- SUSTG Team
Wasting no time in attempting to get ahead of the Omicron variant of the Coronavirus, Saudi Arabia moved forward with new rules and requirements aimed at protecting people within the Kingdom’s borders – and the Saudi economy.
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A Special Holiday Edition of The 966: Extended ‘Yallah’ Conversation Covering 10 Top Storylines in Saudi Arabia This Week
- December 24,2021
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- SUSTG Team
The 966 kicks off the holiday season with a special edition of the weekly format. The hosts discuss airport takeovers, Soundstorm, The PGA’s standoff with a new Saudi-backed challenger league, the Jeddah Central project, Omicron in Saudi, and more.
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Saudi Arabia Accelerates Efforts to Boost Local Startup Growth
- December 23,2021
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- SUSTG Team
Saudi Arabia will accelerate efforts to boost local startup growth and develop Saudi Arabia’s entrepreneurship ecosystem with significant investments by the Public Investment Fund (PIF) into local startups in 2022, according to reports.
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MUST-READS
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Saudi Arabia thwarts 2.37m cyberattacks targeting G20 platforms
he Saudi Data and Artificial Intelligence Authority (SDAIA) has announced that it foiled as many as 2,372,028 cyberattacks that targeted online portals of the G20 summit, which concluded on Sunday, local media reported.
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Saudi Arabia says it should be a ‘partner’ on any future Iran deal
Saudi Arabia says it should be a part of any potential negotiations between the incoming U.S. administration and Iran on a new nuclear deal, Foreign Minister Faisal bin Farhan Al-Saud told CNBC. Saudi Arabia seeks to partner with the U.S. administration on a potential new agreement, which would not only limit Iran’s nuclear activities but also seek to address its “regional malign activity,” Al-Saud told CNBC’s Hadley Gamble on Saturday.
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Saudi Arabia to invest more than $5 billion in artificial intelligence by 2030 – state TV
Saudi Arabia plans to invest more than 20 billion riyals ($5.3 billion) in artificial intelligence projects by 2030, Saudi state TV said on Thursday, citing the chairman of the Saudi Data and Artificial Intelligence Authority Abdullah al-Ghamdi.
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Saudi Arabia to invest more than $5 bln in artificial intelligence by 2030 – state TV
Saudi Arabia plans to invest more than 20 billion riyals ($5.3 billion) in artificial intelligence projects by 2030, Saudi state TV said on Thursday, citing the chairman of the Saudi Data and Artificial Intelligence Authority Abdullah al-Ghamdi.
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Ambassador Abizaid: New avenues of partnership for US and Saudi Arabia
Through our implementing partner, the UN World Food Programme, together we will rehabilitate shelters and provide disaster preparedness training to vulnerable communities and local government in a region sadly prone to deadly, extreme weather. I would like to thank KSrelief Supervisor General Dr. Abdullah Al-Rabeeah for his effort to make this agreement possible. The joint statement of support is noteworthy because it represents the first time our two aid agencies have worked jointly on a humanitarian assistance project. But it is not the first time we have worked side-by-side to deliver critical assistance to the people who need it most.
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Saudi Arabia And Artificial Intelligence
Saudi Arabia is looking to become one of the top 15 nations by 2030 in artificial intelligence by establishing itself as a global hub for data and AI. It has specific aims to train 20,000 data and AI experts, set up more than 300 active AI startups, and bring in $20 billion of foreign investments by 2030.
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Kuma and Foster + Partners designing Saudi Arabian tourist development
Architecture studios Kengo Kuma and Associates and Foster + Partners are designing a tourism development on an archipelago of Saudi Arabian islands within the Red Sea, which will be served by its own dedicated airport. Named The Red Sea Project, the development will be built on a chain of 90 undeveloped islands between the cities of Umluj and Al Wajh on the west coast of Saudi Arabia.
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With a national strategy, Saudi Arabia wants to become a world leader in Artificial Intelligence by 2030
The NSDAI implementation will focus on the immediate national AI requirements until 2025. In this initial stage, the strategy concentrates on accelerating AI in five critical sectors: healthcare, mobility, education, government, and energy. From 2025 until 2030, Saudi Arabia will establish a competitive international AI ecosystem by developing areas of specialisms.
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Saudi Arabia’s deficit down in third quarter as taxes boost revenue
Saudi Arabia posted a budget deficit of 40.768 billion riyals ($10.87 billion) in the third quarter this year, more than half its deficit in the previous quarter, as a spike in non-oil revenues offset a continued decline in oil income.
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Saudi Arabia’s biggest bank NCB posts 23.7% rise in quarterly profit
Saudi Arabia's biggest lender National Commercial Bank 1180.SE on Tuesday posted a nearly 24% rise in third-quarter net profit, as net commission income rose and impairment charges dropped. NCB posted a net profit of 3.16 billion riyals ($843 million) in the quarter ended September 30, up from 2.55 billion in the same period a year earlier.
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