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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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Shrugging off Omicron Threat, Oil Rallies Near $80 on Brent
- December 28,2021
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- SUSTG Team
Oil prices extended gains on Tuesday December 28th, with Brent crude trading near $80 a barrel despite the rapid, worldwide spread of the Omicron coronavirus variant. WTI also continued a months-long rally, rising to $76.28. U.S. crude oil prices hit a high of $86.40 per barrel in October this year.
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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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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
- December 21,2021
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- SUSTG Team
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej.
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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
- December 21,2021
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- SUSTG Team
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej. Per Reuters: “The kingdom’s 22 airports […]
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Part 2 – The 966 Exclusive Interview with Fahad Nazer, Spokesperson for the Saudi Embassy in Washington, D.C.
- December 20,2021
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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 2 of the interview, the hosts ask Mr. Nazer about a wide range of issues, including about Saudi Arabia’s students in the United States, Iran, Saudi Arabia’s relationship with Israel. The hosts also ask Fahad a […]
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MUST-READS
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Turkey seeks Saudi partnership cooperation as it plans to be an energy hub to Europe, minister tells Arab News
“Turkey from its geographical position is an energy corridor from Russia, Iran, and Saudi Arabia. Any kind of natural gas or oil that is going to be transported or shipped, will cost less and will be more safely shipped,” Nureddin Nebati told Arab News in an interview.
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Saudi: AlUla signs IBM to implement smart city project
MISA has facilitated nearly a dozen investment agreements across aerospace, biotechnology, education and other sectors, illustrating sustained confidence in the Kingdom as a world-class investment destination. International partners in these agreements included:
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BeIN Sports picks Saudi firm as MENA advertising partner
Qatar-based beIN, a sports broadcaster said on Wednesday it had chosen a Saudi firm as its exclusive advertising partner in the Middle East and North Africa in a deal that a source put at around $150 million.
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Al Bawani starts work on Lucid’s hitech plant in Saudi Arabia
The new facility will come up on a 1.3-million-sq-m campus plot at the King Abdullah Economic City (KAEC). The new plant targets 155,000 vehicles per year. Al Bawani said it has already begun work on the first phase of the plant, which will manufacture the longest range and the fastest charging electric cars in the market. The company’s first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint.
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Al Bawani starts work on Lucid’s hitech plant in Saudi Arabia
The new facility will come up on a 1.3-million-sq-m campus plot at the King Abdullah Economic City (KAEC). The new plant targets 155,000 vehicles per year. Al Bawani said it has already begun work on the first phase of the plant, which will manufacture the longest range and the fastest charging electric cars in the market.
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Saudi healthtech startup Blazma scripts aggressive MENA entry plans to tap rising digital healthcare market
The startup, which operates a platform connecting medical testing laboratories, healthcare chains and patients, also plans to launch a fundraising plan in two months to finance its growth plans
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Earthquake strikes Saudi Arabia’s Tabuk
An earthquake measuring 3.38 on the Richter scale struck Saudi Arabia’s Tabuk region on Sunday evening, the Saudi Press Agency (SPA) reported.
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Son of US citizen detained in Saudi Arabia says State Department neglected father’s case
The son of a U.S. citizen being detained and allegedly tortured by Saudi Arabia over tweets he posted criticizing the kingdom told The Washington Post that the State Department neglected his father’s case.
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NEOM to open 25hours party hotel in Saudi mega city
“Both 25hours Hotels and Morgans Originals are ideal brands for TROJENA as we look to deliver extraordinary experiences for residents and visitors seeking luxury, adventure, entertainment, livability, and escape from the status quo,” TROJENA executive director and region head Philip Gullett said.
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Laila al-Jindan: ‘Art and culture are experiencing their best moment in Saudi Arabia’
Laila al-Jindan is a Saudi artist; I have a very special relationship with art and I have been aware of this since I was a child, especially with music and drawing, my two great weaknesses. Since I was a child, I used to take piano lessons and spend my free time drawing, which I enjoyed very much. Although I liked plastic arts and drawing, I couldn't devote myself to it, which was my true vocation and what I really liked. At that time it was not a discipline that enjoyed a lot of social support and this made me think about continuing my studies in computer science at university, and I devoted myself to art much later.
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