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Veteran Saudi Journalist Khaled Almaeena Joins The 966 to Talk Ukraine, Energy Markets, and More
- February 25,2022
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- SUSTG Team
Khaled Al-Maeena, Saudi journalist, commentator, businessman and the former editor-in-chief of the Saudi Gazette and Arab News joins The 966 for Episode 28 to talk about Saudi Arabia’s role in energy markets, the war in Ukraine, and much more.
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NEOM Emerges as Most Desired Real Estate Destination for Saudis — Report
- February 24,2022
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- SUSTG Team
Saudi Arabia’s forthcoming new megacity NEOM on the Red Sea coast has been named as the most preferred location to buy a home by the kingdom’s homeowners, first-time buyers and high-net-worth-individuals (HNWI), according to Knight Frank’s annual 2022 Saudi Residential Survey.
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Oil Prices Near 8-Year Highs as Russian Invasion of Ukraine Roils Markets
- February 23,2022
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- SUSTG Team
Oil prices reached 8-year highs, approaching $100 a barrel on the Brent crude index, as Russia’s Vladamir Putin ordered troops to invade neighboring Ukraine.
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Saudis Worldwide Mark Inaugural Celebration of Founding Day
- February 22,2022
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- SUSTG Team
Saudi Arabia held celebrations on Tuesday to commemorate for the first time the Kingdom’s foundation nearly 300 years ago, “choosing a date that downplays the central role played by clerics from the ultra-conservative Wahhabi school of Islam” and instead focusing on the date in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over […]
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Amr Khashoggi joins The 966 to talk Saudi foreign policy, Vision 2030 and more
- February 18,2022
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- SUSTG Team
Saudi businessman and philanthropist Amr Khashoggi, chairman of Amkest Group, joins The 966 to talk about some interesting developments in the mining and minerals sector in Saudi Arabia, the red hot Saudi IPO market, Saudi foreign policy, Saudi Arabia’s economy and Vision 2030 and many more topics in episode 27 of the program.
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Jadwa Investment: Saudi GDP to Grow 7.7% in 2022
- February 17,2022
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- SUSTG Team
Saudi Arabia’s economy will “exhibit strong levels of growth in 2022, as pandemic related uncertainty and volatility seen over the last couple of years diminishes,” according to a new report from Riyadh-based Jadwa Investment, which said that the Kingdom’s overall GDP will expand by 7.7 percent in 2022.
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Saudi Moves Further into FinTech Space with PIF Backing of New Digital Bank Called D360
- February 16,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is investing in the creation of a new digital bank being established in the kingdom with a capital of 1.65 billion riyals ($440 million), according to a report from Bloomberg.
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Saudi Arabia’s Capital to Get Yet Another New Development: The Avenues Riyadh
- February 15,2022
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- SUSTG Team
The list of new or revitalized real estate developments in Riyadh grew this week with the announcement of a new multi-purpose district called “The Avenues Riyadh,” located in the city’s north west area.
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Saudi Arabia Transfers 4% of Aramco Shares Valued at $80 billion to Public Investment Fund
- February 14,2022
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- SUSTG Team
Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to the Public Investment Fund as part of efforts to move forward economic diversification efforts, according to reports.
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The Saudi Games 2022, air pollution’s cost, and King Salman’s pivotal role in Saudi history with guest David Rundell
- February 11,2022
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- SUSTG Team
David Rundell, author of Vision or Mirage: Saudi Arabia at the Crossroads joins this week for Episode 26 of The 966. The hosts and David talk about the Saudi Games 2022, the cost of air pollution in the “MENA region,” then discuss the important role of King Salman in the history of Saudi Arabia and […]
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MUST-READS
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Saudi Arabia makes more than 900 sponsor deals in 2034 World Cup plan
Saudi Arabia has struck more than 900 sponsorship deals across the sporting landscape and made dozens of formalised agreements with football federations as it prepares for a controversial coronation to host the 2034 World Cup. Over the past two and a half years, Saudi Arabia has sealed more than 35 memorandums of understanding with different countries’ federations, most recently with the Football Association of Ukraine in October. In total it has 48 with individual nations and further agreements with the Oceania Football Confederation and the Confederation of African Football. All bar the Ukraine deal and additional accords with France and Croatia involve countries from outside Europe.
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Saudi Arabia Regains Some Oil Market Share From Russia in Asia
Saudi Arabia’s oil exports to Asia rose in November, while Russia’s crude sales in the world’s most important oil-importing region fell amid lower purchases by Moscow’s two key markets, China and India. Recovering Asian refining margins, a decline in the premium of the Dubai benchmark to Russia’s Urals, and rising shipping costs for Russia’s crude helped Saudi Arabia boost its crude oil supply to Asia by 550,000 barrels per day (bpd) in November, according to data from LSEG Oil Research cited by Reuters’s columnist Clyde Russell. Saudi crude oil exports to Asia jumped to 5.83 million bpd last month, up from an estimated 5.28 million bpd in October.
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Mapping Saudi Arabia’s low emissions transition path by 2060: An input-output analysis
This study analyzes Saudi Arabia's strategy to reduce emissions by 2060, as outlined in the Saudi Green Initiative framework (SGI). Using a two-stage Leontief input-output model, we analyze economic criteria for meeting the low emissions target and identify potential green project financing sources. The analysis focuses on Saudi Vision 2030's economic diversification initiatives and the transition to a net-zero carbon economy.
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Saudi Arabia to abandon US defence treaty for more modest alternative
A full-blown US-Saudi treaty would need to pass the US Senate with a two-thirds majority and this would be a non-starter unless Riyadh recognises Israel, the sources said. The pact now under discussion would involve expanding joint military exercises and drills to address regional threats, mainly from Iran. It would foster partnerships between US and Saudi defence firms, with safeguards to prevent collaboration with China, the sources said. The agreement would promote Saudi investment in advanced technologies, especially drone defence. The US would increase its presence in Riyadh through training, logistics and cyber security support, and might deploy a Patriot missile battalion to enhance missile defence and integrated deterrence. “Saudi Arabia will get a security deal which will allow more military cooperation and sales of US weapons, but not a defence treaty similar to that of Japan or South Korea as initially sought,” said Abdelaziz al-Sagher, head of the Gulf Research Institute think-tank in Saudi Arabia.
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Dubois to defend world heavyweight title against Parker in Saudi Arabia
The International Boxing Federation’s (IBF) world heavyweight champion Daniel Dubois will defend his title against Joseph Parker on February 22 in Riyadh, event organisers in Saudi Arabia have confirmed. The fight, announced Tuesday, will be the co-main event for the undisputed world light heavyweight title rematch between Artur Beterbiev and Dmitry Bivol in a seven-bout card announced by Turki Alalshikh, the head of the Saudi General Entertainment Authority
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Introduction of Electric Vehicles in Saudi Arabia: Impacts on Oil Consumption, CO2 Emissions, and Electricity Demand
In this study, we project the number of internal combustion engine (ICE) vehicles in Saudi Arabia up to 2050. The projected number of vehicles is then used to project the oil demand and CO2 emissions associated with the road transport sector by 2050. On the basis of the projected number of ICE vehicles, we design three scenarios for developing electric vehicles (EVs) (high-, moderate-, and low-growth scenarios) to determine the impact of the expansion of EVs on future oil demand, CO2emissions, and electricity demand.
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Saudi Arabia’s network of spending and influence detailed before getting 2034 World Cup from FIFA
Saudi Arabia’s growing influence and massive spending in global sports ahead of being confirmed by FIFA as the 2034 World Cup host was detailed on Monday in a report that cited risks to good governance off the field. More than 900 sponsor deals — more than one-third traced to the $925 billion Saudi sovereign wealth fund — and a network of officials with overlapping state, business and sports roles were cited by Play The Game, a publicly funded sports ethics institute in Denmark. The oil-rich kingdom’s investment of tens of billions of dollars in soccer, golf, boxing, tennis, the Esports Olympics and a yet-to-be-built ski resort will get its most coveted prize next week from FIFA, the 2034 World Cup in men’s soccer.
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Opinion: He who believed in Saudi Arabia and he who did not
Everyone knows about economic and military cooperation, but now it is cultural cooperation that bears the French label at the magnificent site of AlUla. Ambition and quality are necessary to strengthen our relations with the Kingdom, but we also need an understanding of the challenges of this modernization. There are still important aspects of cooperation to be developed, such as intelligence and the fight against terrorism. You may not be aware that Riyadh is home to a particularly impressive center for combating cyberterrorism, the Etidal Center, which monitors social networks and websites.
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Persian onager returns to Saudi Arabia after over a century of absence
In April 2024, seven Persian onagers were translocated from the Royal Society for the Conservation of Nature’s (RSCN) Shaumari Reserve in Jordan to the Reserve, establishing the first wild population in the Kingdom in over a century. The onagers, following their 935-kilometer journey, have adapted well to their new habitat, celebrated by the birth of the first foal in the Reserve — a pivotal milestone in Saudi Arabia’s rewilding efforts.
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Saudi Arabia opens world’s longest driverless transit system
The Riyadh Metro began operation on December 1, with the opening of three of its lines (another line is opening in January with two more to follow soon after). It has a total length of 176 km (109 miles) and connects key districts, business centers, and cultural landmarks throughout Saudi Arabia's capital city.With an eventual capacity of 3.6 million daily passengers once fully complete, the train network is expected to reduce road traffic significantly throughout Riyadh and correspondingly reduce CO2 by some 12.5 million tons (roughly 10.8 million tonnes), annually.
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