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More on Saudi-Israel normalization reports, Lucid’s future, and Kuwait University’s Bader Al-Saif joins The 966
- August 11,2023
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- SUSTG Team
Episode 98! Dr. Bader Al-Saif, founding President at Al-Saif Consulting and Assistant Professor at Kuwait University joins The 966 to talk about Saudi Arabia as an emerging economic and diplomatic power in a changing region. Al-Saif is also a visiting researcher at Georgetown University, where he completed his PHD in history, and a non-resident fellow […]
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Lucid Air Limited Assembly In Saudi Arabia To Start In September; Company Slashes ‘Air’ Model Price
- August 9,2023
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- SUSTG Team
Lucid Motors, an EV company in which the Saudi Arabian Public Investment Fund (PIF) has a majority ownership stake, announced its second-quarter financial results yesterday, and provided some updates on its plans during an earnings call lead by CEO Peter Rawlinson. Lucid on Monday reported revenue in the April-June period of $150.9 million, missing estimates […]
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Pulitzer Prize winning journalist and former publisher of the Wall Street Journal Karen Elliott House joins The 966
- August 4,2023
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- SUSTG Team
American journalist, author, media executive, and pulitzer prize winner Karen Elliott House joins The 966. Elliott House discusses her recent work, a paper entitled ‘Saudi First’, for the Belfer Center at Harvard’s Kennedy School of Government, as well as her experiences traveling to and from Saudi Arabia for decades and her views on Saudi Arabia as […]
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Royal Order Converts Riyadh’s King Saud University to Independent, Non-Profit Academic Institution under Umbrella of RCRC
- July 27,2023
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- SUSTG Team
Crown Prince Mohammed bin Salman issued a Royal Order transforming King Saud University into an independent, non-profit academic institution that be under the “umbrella” of the Royal Commission for Riyadh City, according to multiple reports.
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Road Crash Deaths in Saudi Arabia Reduced by nearly 35% in Five Years – WHO
- June 20,2023
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- SUSTG Team
The Kingdom of Saudi Arabia reduced road crash deaths by nearly 35% in five years, the WHO says, noting that the fatality rate stood at 9311 [28.8 per 100,000 people] in 2016 and by 2021 the rate had dropped to 6651 [18.5 per 100,000 people].
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The Saudi PIF Invests in Saudi football, Messi to Miami, and Saudi entrepreneurs Sara Bin Laden and Renad Aljefri join The 966
- June 9,2023
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- SUSTG Team
Saudi entrepreneurs Sara Bin Laden and Renad Aljefri, recent WIN fellows, join The 966 from Jeddah to discuss their experiences and journeys to-date. Renad and Sara recently took part in the second cohort of the Atlantic Council’s Women Innovators Fellowship, known as the WIN fellowship – a program launched by the empowerME initiative of the […]
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Saudi Center for Commercial Arbitration CEO Dr. Hamed Merah joins The 966, LIV Golf in DC and much more…
- June 2,2023
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- SUSTG Team
The 966 talks about the state of business dispute resolution in Saudi Arabia with the CEO of the Saudi Center for Commercial Arbitration, Dr. Hamed Merah, who joins from Riyadh. The 966 talks with Dr. Merah about the SCCA’s rise as a leading dispute resolution body in the region and increasingly, globally. As Saudi Arabia […]
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Captagon in the Middle East, Messi’s history with Saudi Arabia, and a conversation with Norah Ortiz, owner of Riyadh’s first authentic Mexican restaurant
- May 5,2023
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- SUSTG Team
The 966 Episode 85! The 966 hosts speak with Norah Ortiz, founder of the first authentic Mexican restaurant in Riyadh, Don Reuben’s, which is located in the Diplomatic Quarter. Ortiz tells us her story as an American born in San Diego to Mexican parents and her journey to owning and operating the first authentic Mexican […]
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President Biden thanks Saudi Arabia as Kingdom Plays Key Role in Sudan Evacuations
- April 24,2023
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- SUSTG Team
Saudi Arabia hosted more than 150 people from various nations who were evacuated from war-torn Sudan, including from the United States, according to reports.
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With Saudi Delegation to Yemen’s Capital, Stakeholders Hope for Lasting Truce
- April 11,2023
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- SUSTG Team
Saudi Arabia’s ambassador to Yemen said on Monday he had traveled to the country’s Houthi-held capital to strengthen a truce and push dialogue that could end the country’s eight-year-old war, according to reports.
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Saudi’s Tadawul cancels government debt instruments listing
The Saudi Stock Exchange (Tadawul) has announced changes in government debt instruments, according to Al Arabiya. It delisted issuance number 1001-5 (Tadawul Code: 5210), with a total value of SR650 million ($173.3 million), due to maturity, by the end of trading on Tuesday.
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45% of students in Saudi Arabia shifted to government schools amid pandemic
The Kingdom is home to 1,600 private education and training facilities, Al-Fahad added, noting that the committee developed several initiatives to cut this count to one third at least, so as to build solid facilities that can weather tough conditions.
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IOC urges US government to help curb Saudi broadcast piracy
“We are extremely concerned of the impact that online piracy could create during the next 12 months,” the IOC wrote to the Office of the U.S. Trade Representative in a letter seen Thursday by the Associated Press. The Jan. 28 letter “respectfully requests” that the U.S “maintains Saudi Arabia’s position on the Priority Watch List” and engages with the kingdom to protect intellectual property.
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Saudi government to invest $220 billion in Riyadh development over next 10 years
Saudi Arabia is investing $220 billion to transform Riyadh into a global city by 2030 and expects to attract a similar amount of investment from the private sector, the head of the royal commission for the capital told Reuters on Thursday.
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Explosions rock Yemen airport as new government arrives from Saudi Arabia, killing at least 25
A large explosion struck the airport in the southern Yemeni city of Aden on Wednesday, shortly after a plane carrying the newly formed Cabinet landed there, security officials said. At least 25 people were killed and 110 wounded in the blast. Yemen's internationally recognized government said Iran-backed Houthi rebels fired four ballistic missiles at the airport. Rebel officials did not answer phone calls from The Associated Press seeking comment. No one on the government plane was hurt.
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Yemen’s president orders unity government to Aden after swearing-in in Saudi Arabia
The new Cabinet announced on Dec. 18 consists of Hadi loyalists as well as members of the separatist Southern Transitional Council (STC) and the Islamist Islah Party, the presidency said in a statement earlier this month. Hadi on Sunday ordered the new government to begin tackling war-torn Yemen’s economic woes, according to Yemeni state news agency SABA. The Yemeni president-in-exile added that members of the new government should also take their oaths of office in Aden.
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Average wage for Saudi government employees is $3,133 according to official statistics
Regarding the average wage for Saudi government employees, the report said the average wage is 11,754 riyals, while the average wage for Saudis working in the private sector is 6,456 riyals, and overall, the average wage for Saudis working in the government and private sector is 7,146 riyals.
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Saudi Government Raises Ownership to Half of Global Solar Leader ACWA Power
“We believe that ACWA Power will play a significant role in both driving and diversifying economic growth in the future – while also providing enduring commercial return for the people of the kingdom,” the fund said in a statement. In June, ACWA Power’s chief executive had told Reuters the company expects to achieve its target of more than $10 billion in new investments this year, as the coronavirus pandemic had “minimal impact” on its projects.
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PwC helps Saudi government with water privatisation initiative
The Water Transmission and Technologies Company (WTTCO) is conceptualised to be among the largest water transmission companies in the world, currently spanning 8,000 kms in pipeline infrastructure. Plans are to expand this network to reach 11,000 kms and a transmission capacity of 8 million cubic metres of water.
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Saudi government signs supply chain finance agreements with three banks
After oil prices crashed in 2014-205, the government of the world’s largest oil exporter reduced or suspended payments that it owed to construction firms, medical establishments and even some of the foreign consultants who helped to design its economic reforms. The finance ministry then pledged in late 2016 to accelerate the payment process within 60 days from receiving the invoice. Monday’s agreement will support government efforts to speed up the pace of payments and dues to private sector suppliers, Samba Financial Group said in a separate statement.
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