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The 966, Episode 8 – F1 Grand Prix in Jeddah, The Puzzle of U.S.-Saudi Ties, Tadawul Hits 15 Year High, Solar Costs Rise
- October 22,2021
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- SUSTG Team
This week, The 966 hosts discuss the upcoming COP 26 UN Climate Change Conference in Glasgow, the F1 race in Jeddah, an excellent recent commentary piece by Jon Alterman of the CSIS, Tadawul’s 15-year high, and the rising cost of solar energy components in Saudi Arabia.
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Saudi Arabia Looks to Turn its Smaller Stock Market, Nomu, Into Platforms for Startups to Raise Funds
- October 21,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, is in talks to recast its small-cap market, called Nomu, as a hub for the Middle East’s burgeoning startup industry,” people familiar with the matter told Bloomberg.
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An Exclusive Interview with Lina Almaeena on The 966 Podcast
- October 20,2021
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- SUSTG Team
The 966 interviews Saudi Arabia’s Lina Almaeena, who spent well over a decade leading the charge for women’s sports in Saudi Arabia after co-founding Jeddah United Sports Club in 2006. Almaeena then served on Saudi Arabia’s consultative body, the Shura Council, and continues to work to advance women’s empowerment in Saudi Arabia in line with […]
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Will Oil Reach $100?
- October 19,2021
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- SUSTG Team
In June, Bank of America forecasted that oil may reach $100 by sometime in 2022 on surging demand and a rebounding global economy. At the time, the Charlotte, NC-based bank was the most bullish of the major forecasters for a return to triple digits by 2022.
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Saudi FM Prince Faisal bin Farhan, Ambassador Reema bint Bandar Meet with Secretary of State Blinken in Washington
- October 15,2021
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- SUSTG Team
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and Saudi Ambassador to the United States Princess Reema Bint Bandar Al-Saud met with U.S. Secretary of State Antony Blinken in Washington on Thursday, and “exchanged views on Iran’s nuclear program and international talks on the matter,” according to a statement from Saudi Arabia’s foreign ministry […]
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An Interview with the IMF’s Abdullah Hassan, Former Sous-Sherpa for Saudi Arabia for the G20 Meetings
- October 14,2021
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- SUSTG Team
In 2020, Saudi Arabia became the first Arab nation to assume the G20 presidency. Hosting the G20 is a massive undertaking, involving close to two years of event planning, policy development and strategy, and much more.
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Saudi Arabia’s Nayifat Finance Company Latest to Announce IPO Plans on Surging Tadawul
- October 13,2021
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- SUSTG Team
Saudi Arabia’s Nayifat Finance Company said on Tuesday it plans an initial public offering (IPO) on the Riyadh stock exchange with a free float of 35% of its shares, according to a Reuters report. Nayifat, a consumer-focused Islamic finance firm, said in a statement that it plans a sale of 35 million shares to institutional […]
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Crown Prince Announces Launch of New National Investment Strategy to Attract FDI
- October 12,2021
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman gave details of a new investment strategy, called the National Investment Strategy, on Monday that aims to raise net foreign direct investment to 388 billon riyals ($103.45 billion) annually, the state news agency (SPA) reported.
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U.S. State Department Condemns ‘Outrageous’ Attack by Houthi Forces on King Abdullah Airport in Jazan
- October 11,2021
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- SUSTG Team
The U.S. State Department joined a chorus of other nations in condemning Friday’s attack by the Iran-backed Houthi group on King Abdullah Airport in Jazan, Saudi Arabia that wounded 10. The attack injured both passengers and airport staff when an explosives-laden drone hit King Abdullah Airport on Friday. According to Arab News, the injured included six […]
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Premiere League Set to Give Saudi Green Light for Newcastle Takeover
- October 7,2021
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- SUSTG Team
Saudi Arabia’s PIF has cleared a significant hurdle in its quest to acquire a reported 80 percent stake in Newcastle United, according to reports.
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MUST-READS
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Saudi Arabia And Kuwait Restart Production At Huge Shared Oil Field
Al-Khafji is one of four offshore and one onshore field located in the neutral zone between Saudi Arabia and Kuwait. Of these, just two fields—Al-Khafji and Wafra—pumped half a million barrels daily until 2015.
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Saudi Arabia unearths treasure trove in Mecca
The Secretariat of Saudi Arabia’s holy capital revealed the delivery of 24 artifacts to the Ministry of Tourism, which were found, while the smart car parking project contractor was digging next to the Ma’lla Cemetery in Mecca.
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Saudi Arabia, Kuwait working to restart Neutral Zone’s Wafra field: source
Arab news agency Attaqa reported on June 20 that Wafra is scheduled to restart on July 1, at 10,000 b/d initially and building up to 145,000 b/d by mid-2021.
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Arts and culture jobs in Saudi Arabia get official status in national first
More than 80 cultural occupations were approved for inclusion in the first stage such as theater producer, film director, lighting designer, documents and manuscripts restoration specialist, exhibitions designer, textile designer, curator and other basic cultural occupations in which Saudi creatives are active.
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Saudi Arabia saw almost 160,000 cyberattacks on smartphones
To compare Saudi Arabia with other Middle Eastern countries, the figure for Egypt is 220,000, UAE saw 70,000 attacks in 5 months, followed by Kuwait (20,000) and Oman (15,000).
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Expat Departures to Benefit Saudi Arabia’s Unemployed
The expected departure of more than a million overseas workers from Saudi Arabia could help keep a lid on unemployment among the kingdom’s citizens even as the economy contracts the most in two decades. Riyadh-based Jadwa Investment sees 1.2 million foreigners leaving the labor market in 2020, roughly 9% of total employees. Joblessness among nationals is expected to remain at around 12%, Jadwa economists said in a report.
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The Seven Natural Wonders of Arabia, Part III: The Edge of the World
Like many features of Arabian geology, the Edge of the World dates its birth from the dramatic tectonic forces that created the Red Sea to the west. It is part of a much longer geologic feature known as the Tuwaiq Escarpment. Tuwaiq’s cliffs were formed when the Arabian Plate shifted toward the northeast as the Red Sea Rift spread apart beginning in the Eocene Epoch 50 million years ago.
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Saudi Arabia’s Secret Plans to Unveil Its Hidden da Vinci—and Become an Art-World Heavyweight
Over the next decade, the government intends to build more than a dozen major art institutions, plus more smaller ones, in hopes of attracting tourists and adding as much as $27 billion to the country’s economy, says Hamed bin Mohammed Fayez, deputy culture minister.
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Lockheed Martin partners with TAQNIA to build satellite ground system for Saudi Arabia
Following the successful launch and operation of Saudi Arabia’s newest commercial communications satellite, SaudiGeoSat-1 (SGS-1), Lockheed Martin has been selected to develop a new ground system to control, manage and operate the satellite.
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Amazon unit launches $272m initiative to help start-ups in UAE, Saudi Arabia and Egypt
The initiative, which will also roll out to Egypt and Saudi Arabia, targets start-ups from more than ten categories including, grocery, food & beverage, home services, fashion, beauty, entertainment, health & fitness, automotive and e-learning.
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