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Sustainability in Saudi Arabia with expert Jeffrey Beyer, the Red Sea’s latest developments, and more – The 966 Episode 63
- October 21,2022
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- SUSTG Team
Episode 63! The hosts welcome Jeffrey Beyer, Managing Director, Zest Associates, a Dubai-based consultancy that develops sustainability solutions for governments and private companies for the low carbon economy. First, the hosts discuss Richard’s one big thing this week, which is Saudi Arabia’s forthcoming Saudi Games, the largest single sporting event ever in Saudi Arabia. Lucien’s […]
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Saudi Aramco Pushes Ahead With IPO of Oil-Trading Unit – Bloomberg Report
- October 20,2022
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- SUSTG Team
Saudi Aramco is pushing ahead with plans for an IPO of its energy-trading business to take place as soon as the end of 2022 or early 2023, Bloomberg reports, citing people familiar with the matter.
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Crown Prince Mohammed bin Salman Elevated to Prime Minister; New Education Minister Named in Cabinet Changes
- September 28,2022
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz named his son and heir Crown Prince Mohammed bin Salman as the kingdom’s prime minister and promoted his second son Prince Khalid as defense minister, according to a royal decree on Tuesday.
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Saudi National Day, Significant Traction in Airline/Travel Reforms, Saudi-Greece Relations, and more – The 966 Episode 60
- September 23,2022
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- SUSTG Team
Episode 60! The 966 wishes everyone a fun and safe Saudi National Day. This week, the hosts re-connect after a two week hiatus for the 60th episode of the show. First, the hosts discuss Richard’s one big thing, which is a deep dive on Saudi-Greece relations of late and why that bilateral relation is one […]
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Jadwa Investment Raises Saudi Arabia’s Growth Forecast to 8.7% for 2022
- September 20,2022
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- SUSTG Team
Riyadh-based investment bank Jadwa Investment has revised upward its growth forecast for Saudi Arabia this year, after the Kingdom’s economy showed strong expansion in both oil and non-oil activities in the first half of 2022.
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Saudi’s SNB Capital Tops Forbes Ranking of Middle East Asset Managers; More than Half of List Based in Saudi Arabia
- September 14,2022
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- SUSTG Team
Forbes Middle East released its second annual ranking of the Middle East’s top 30 asset management companies, placing Saudi Arabia’s SNB Capital at the top of the list which is dominated by Saudi entities.
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OPEC Continues to Forecast Robust Global Oil Demand Growth in 2022 and 2023
- September 13,2022
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- SUSTG Team
In its latest monthly report, OPEC stuck to its forecasts for robust global oil demand growth in 2022 and 2023, citing signs that major economies were faring better than expected despite global headwinds such as surging inflation, Reuters reports.
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Global migration trends, big cat conservation in Saudi Arabia, the new Saudi companies law and more!
- August 26,2022
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- SUSTG Team
Episode 59! The hosts talk about a newly-released and interesting UN report on global migration trends, big cat and other endangered species conservation in Saudi Arabia, and much more in the program’s finishing Yallah! segment. Programming note: The 966 will return next week with a featured interview, then be back in full swing as September […]
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The music industry in Saudi Arabia and more with Ahmed Shawly and Mostafa Fahmy from Jeddah’s ‘Wall of Sound’ Record Label
- August 12,2022
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- SUSTG Team
Episode 56! The 966 welcomes Ahmed Shawly and Mostafa Fahmy from the Jeddah-based Wall of Sound record label and recording studio to talk about the young and growing music industry in Saudi Arabia, their entrepreneurial journey building the business from the ground up in a new industry with a blend of established and new, indie […]
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Saudi Technology Ventures Report Sees 45 New MENA Unicorns in the Next Eight Years
- August 10,2022
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- SUSTG Team
The MENA region is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more than $100 billion, according to a new Saudi Technology Ventures (STV) report.
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MUST-READS
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Aramco announces major changes to top management roles
The Saudi oil giant has established new Business Line Executive Vice President positions in both the upstream and downstream operating segments. The creation of these positions follows the establishment in July of the Upstream President and Downstream President positions to help drive the company’s long-term strategy across its value chain and global portfolio.
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How the Saudi Arabian takeover changed Newcastle United
PIF’s speciality is global investment and two of its senior executives, Abdulmajeed Alhagbani and Asmaa Rezeeq, who are low-profile Newcastle directors, are regarded as stars in the world of high-stakes financial speculation.
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How the Saudi Arabian takeover changed Newcastle United
She remains adamant the takeover was about investment rather than sportswashing. “PIF wanted something very sustainable, something we can build,” she has said.
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From Egypt to Iran, heatwave compounds Middle East electricity problems, climate change burdens
Countries like Iraq are particularly susceptible to climate change, as recurring blackouts make it harder to stay cool indoors.
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Saudi Arabia announces major visa changes for Pakistan, Lebanon and 10 other countries
A circular published by the kingdom’s civil aviation authority, GACA, said Saudi visa stickers would be replaced by a printed e-visa featuring a QR code. The code will contain all the data required and information on the passenger. The e-visa will replace the stickers for labour, visit or residency visas.
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Saudi Arabia announces major visa changes for Pakistan, Lebanon and 10 other countries
A circular published by the kingdom’s civil aviation authority, GACA, said Saudi visa stickers would be replaced by a printed e-visa featuring a QR code. The code will contain all the data required and information on the passenger. The e-visa will replace the stickers for labour, visit or residency visas.
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In Iraq, Climate Change and Dams Are Threatening Mesopotamia’s Rivers
The rivers that feed the Mesopotamian Basin are heavily dammed by Turkey, Iran, Syria, and Iraq, with downstream communities suffering from significantly reduced water flow. Blocking the watercourses also changes their ecology, altering temperature and chemical composition and destroying the habitats of the fish and other wildlife that need the rivers in order to live. Activists from across the region are sounding the alarm about the accumulating damage of climate change, drought, and pollution to the environment and local populations.
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Exclusive: Top UK diplomat hopes Saudi-Iran deal leads to change in Tehran’s behavior
Britain welcomes the recent rapprochement between Saudi Arabia and Iran and hopes that it will change Tehran’s behavior in the region, British Foreign Secretary James Cleverly said in an interview with Al Arabiya on Thursday. “We welcome dialogue and hope that the conversations and the meetings that the Saudis had with Iran bring about a change of behavior, but ultimately the choice is for the leadership in Tehran,” Cleverly told Al Arabiya.
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First Saudi at Paris Fashion Week underlines dramatic changes
Mohammed Ashi's haute couture show -- his first as part of the official roster after years of dressing top celebrities -- is "the peak of my career," he told AFP at a cocktail soiree at the Ritz Hotel in Paris this week, part of a lavish Saudi PR campaign throughout this fashion season.
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Saudi: Transactions of money exchanges soar 80% with dollar witnessing highest demand during Haj season
The annual volume of the currency exchange market during the current Hajj season is $6.66bln and it brings huge profits to the money exchangers
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