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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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Eyad Albayouk from Flat6Labs talks Saudi VC and KSA’s startup ecosystem, reacting to the unveiling of The Line at NEOM and more
- July 29,2022
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- SUSTG Team
Episode 54! The 966 talks with Eyad Albayouk from the VC firm Flat6Labs KSA. Eyad chats with us about Saudi Arabia’s growing startup ecosystem and entrepreneurship in the Kingdom, and the state of Saudi VC in 2022 as the Kingdom ramps up Vision 2030 execution. Before the interview, the hosts discuss the recently announced megaproject, […]
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IMF Raises Saudi Economy Growth Forecast for 2023 to 3.7%, Despite ‘Gloomy’ Global Developments
- July 27,2022
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- SUSTG Team
The International Monetary Fund has raised its expectations for the growth of the Saudi economy in 2023 to 3.7 percent, up from its April forecast of 3.6 percent.
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Crown Prince Mohammed bin Salman, Russian President Putin Speak by Phone
- July 22,2022
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- SUSTG Team
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone on Thursday and underlined the importance of further cooperation within the OPEC+ group of oil producers, Reuters reports, citing a release from the Kremlin.
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Report: Saudi Arabia Plans Air Cargo Roadshows to Boost Distribution, Logistics Sector
- July 20,2022
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- SUSTG Team
Saudi Arabia plans to stage a number of roadshows in the next 12 to 18 months “as it seeks to persuade the likes of Amazon.com Inc., Alibaba Group Holding Ltd. and Deutsche Post AG’s DHL to help scale up air-cargo and distribution operations,” Bloomberg reports.
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President Biden Concludes Trip to Saudi Arabia with Agreements to Cooperate on Range of Issues
- July 18,2022
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- SUSTG Team
President Biden concluded his trip to Saudi Arabia with a renewed partnership with the Kingdom, pledging to work together with Saudi leadership to achieve shared goals on a number of diplomatic, energy, and trade issues.
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Ahead of President Biden’s Visit, Administration Said to Mull Resumption of Offensive Arms Sales to Saudi Arabia
- July 11,2022
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- SUSTG Team
Ahead of President Biden’s visit to Saudi Arabia this week, the Biden administration is discussing the possible lifting of its ban on U.S. sales of offensive weapons to Saudi Arabia, four sources told Reuters in an exclusive item.
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Saudi Stock Exchange Tadawul Plans to Launch Single Stock Futures on July 4
- June 27,2022
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, said it plans to launch single stock futures on July 4, “which will enable local and international investors to hedge and manage portfolio risks more effectively,” Reuters reports.
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Leading Saudi architect and urban designer Dhay Aldhawyan joins The 966, MBS visits regional powers, and much more…
- June 24,2022
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- SUSTG Team
In episode 49, The 966 welcomes Dhay Aldhawyan, a leading architect and urban planner based in Riyadh who is Head of the Center for Development of Urban Design and Planning of Saudi cities, to discuss her journey and some of the big projects and developments happening now across Saudi Arabia. The 966 hosts also discuss […]
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MUST-READS
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GazaNew Gaza War Inevitable without International Action
The Palestinian reconciliation process remains cosmetic, negotiations for a truce between Israel and Hamas that were supposed to resume under Egyptian auspices have stalled, and humanitarian conditions in Gaza are becoming increasingly dire.
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ConstructionSaudi Arabia construction contract awards drop by 51 per cent in first three months
“The 14 per cent reduction in the 2016 budget is likely to have a disproportionate effect on contract awards for new infrastructure projects. As a result, scaling down and further cancellation of planned projects may be unavoidable," according to NCB.
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Saudi AramcoSaudi Aramco to award contracts to local and foreign private sector companies
Local and foreign private sector companies will have products and services contracts worth $124.7bn (SAR468bn) from Saudi Aramco in the next 5 years, Al Riyadh daily reported.
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SyriaRussia Warns of Unilateral Action to Police Syria Cease-fire
Russia has warned it could take unilateral action beginning Tuesday against those who violate the nearly month-old cessation of hostilities in Syria.
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ConstructionNew construction contract awards in Saudi Arabia drop 25% in final quarter of 2015
The value of new construction contracts awarded in Saudi Arabia shrank by a quarter in the last three months of last year as contractors were battered by spending cuts.
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Saudi ShaleSaudi Aramco Close to Awarding $500 Million Shale Gas Contract
The project is Saudi Arabia's first unconventional gas project and Saudi Aramco has sunk billions of dollars into developing potential shale gas reserves. According to Saudi Aramco's 2015 annual report, other locations under development include Ghawar and the Jafurah Basin, both in eastern Saudi Arabia.
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SyriaU.N. chief blasts Syria’s warring parties for ‘atrocious acts’
United Nations Secretary-General Ban Ki-moon blasted Syria's warring parties on Thursday, particularly President Bashar al-Assad's government, for committing "atrocious acts" and "unconscionable abuses" against civilians.
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ContractsSaudi awards contracts worth $23bn in Q2 2015
The total value of contracts awarded in Saudi Arabia during the second quarter of 2015 was $23bn (SAR82.8bn), of which roads and residential property accounted for 57%, or $12.6bn (SAR47.5bn).
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QatarQatar to award contracts worth US$ 220 bn over the next ten years
Qatar is set to award contracts worth $220 billion over the next ten years following a prioritisation programme in light of dwindling oil prices.
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GCC Construction: 2015GCC Construction Contract Awards to hit US$ 204 Billion in 2015
The GCC construction industry is set to witness increased activity in the building and infrastructure sectors regardless of the predicted adverse economic impact of the consistent plunge in oil prices.
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