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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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Wamda: MENA Startups Raised $95 Million in July 2023, a Bounce-Back from June’s Total but Deal Volume Falls
- August 3,2023
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- SUSTG Team
Startups in the Middle East and North Africa region (MENA) raised $95 million across 31 deals in July 2023, a slight dip from the $105 million recorded in the same month last year, according to Wamda, the leading website tracking the development of the startup ecosystem in the region.
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Saudi Arabia Enters Recession Now, Report from Capital Economics Says, but Non-Oil Economy Continues to Shine
- August 2,2023
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- SUSTG Team
Saudi Arabia has entered a recession, a report from Capital Economics said, as oil production cuts designed to prop up prices hurt the Kingdom’s bottom line – but the Kingdom’s non-oil economy continued to grow at a robust pace.
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Saudi Arabia’s SEVEN Breaks Ground on BUJV, a $347 Million Entertainment Project in Madinah
- August 1,2023
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- SUSTG Team
Saudi Entertainment Ventures (SEVEN), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced its construction work on BUJV, its new entertainment destination in Madina, according to a report in Construction Week Online and a press release from SEVEN.
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Temperatures Soar Across Saudi Arabia; Certain Places Hit 50 Degrees Celsius
- July 31,2023
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- SUSTG Team
Temperatures are expected to soar up to 50 degrees celsius (122 degrees farenheit) in several areas Saudi Arabia, starting from Sunday until the end of the week, according to the National Center for Meteorology (NCM).
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PepsiCo Middle East CEO Aamer Sheikh joins The 966, plus a full update on Saudi football, King Saud University’s overhaul and more…
- July 28,2023
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- SUSTG Team
Episode 96! The 966 speaks with PepsiCo Middle East CEO Aamer Sheikh for a conversation about the company’s strategy to plug into Vision 2030’s opportunities and continue to stay on top as the number one food and beverage brand in the Kingdom of Saudi Arabia. Mr. Sheikh, who is Pakistani-American and grew up in the […]
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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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Brazilian Miner Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia’s PIF, Ma’aden – Report
- July 26,2023
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- SUSTG Team
Brazilian miner Vale is reportedly close to completing a deal to sell a roughly 10% stake in its $25 billion base metals unit to a joint venture between Saudi Arabia’s sovereign-wealth fund, the PIF, and the Saudi mining company Ma’aden, people familiar with the matter told the Wall Street Journal.
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Saudi Arabia’s Receipts from Oil Sales Abroad Down in May, Lowest in Over a Year – Report
- July 25,2023
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- SUSTG Team
Saudi Arabia’s leadership in OPEC+ with voluntary cuts to production has proven to be costly, sending its receipts from oil sales abroad down by a third, to its lowest in over a year, according to a report in Bloomberg, which cited the Kingdom’s General Authority for Statistics (GASTAT).
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PSG Confirms Saudi club Al Hilal Makes World Record $332m Bid for French Mega-Star Mbappé
- July 24,2023
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- SUSTG Team
Saudi team Al Hilal made a record €300 million ($332m) bid for Kylian Mbappé on Monday, which could see the France striker join Cristiano Ronaldo for the next year of the Saudi Pro League, according to reports.
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MUST-READS
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Commentary: Joe Biden feels political ground shift as Israel-Gaza conflict rages on
American Jews have grown increasingly sceptical of Netanyahu and his policies. A Pew Research Center survey published last week found that only 40% thought the prime minister was providing good leadership, falling to 32% among younger Jews. Strikingly, only 34% strongly opposed sanctions or other punitive measures against Israel.
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Saudi consumer spending set to rise in Q2 as Covid restrictions relax
Jadwa Investment analysts expect rebound in activity, especially in restaurants and hotels and tourism and entertainment sectors.
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Israel-Palestinian conflict: 35 killed in Gaza as Netanyahu ramps up airstrikes in response to rocket attacks
As both sides traded airstrikes on Tuesday evening, Israeli Prime Minister Benjamin Netanyahu addressed the nation from Tel Aviv, saying, "We are in the midst of a significant operation." Israeli bombing raids across Gaza have killed at least 35 people, including 12 children, according to Palestinian health officials, who also said 220 people have been injured, as of Tuesday evening. The Israeli military said it had killed more than 15 militants.
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Saudi Arabia condemns eviction, forced displacement of Palestinians in Jerusalem
Saudi Arabia on Tuesday reiterated that it rejects Israel’s violations of the rights of Palestinians, and strongly condemns its plans, and evacuation operations, for the forced displacement of families in East Jerusalem.
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In pictures: Muslims mark Laylat al-Qadr across Middle East
Laylat al-Qadr, which falls on the 27th day of Ramadan, is the most important night of the Muslim holy month. It marks the revelation of the first verses of the Quran to the Prophet Muhammad through the angel Gabriel. Muslims traditionally spend the night in worship and devotion, praying for the souls of the dead.
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In East Jerusalem’s Sheikh Jarrah, Palestinians brace for battle over evictions
The neighborhood, nestled between Mount Scopus and the East-West seam line north of the Old City, has long been a focal point of Jewish-Arab tensions. A small Jewish community lived in the area before 1948, when East Jerusalem fell under Jordanian control.
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Close up: Saudi govt releases new, detailed pictures of Hajr-e-Aswad
The Saudi Arabian government has released new high-resolution pictures of the Hajr-e-Aswad (sacred Black Stone of the Holy Ka’aba) taken by the Engineering Studies Department of the Reasah Alharmain through Focus Stack Panorama technology. According to a Saudi official, the images are up to 49,000 megapixels and it took 50 working hours to process the 1,050 photos.
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Dubai sheikh still chasing elusive Kentucky Derby victory
Winning major horse races around the world is the lifeblood of Godolphin, and there’s none bigger than the Kentucky Derby. Getting his hands on the gold winner’s trophy on the first Saturday in May has been a decades-long quest for Godolphin founder Sheikh Mohammed bin Rashid Al Maktoum, prime minister and a vice president of the hereditarily ruled United Arab Emirates.
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As COVID Cases Spike in Middle East, More Countries Restrict Ramadan Activities
Turkey, Iran, Oman, Syria, Iraq, and Lebanon experience particularly high volume of new infections
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Sept. 11 victims call for release of FBI report detailing Saudi Arabia’s involvement in attacks
In a letter sent Wednesday evening, the families and victims called for the top intelligence official to release an FBI review completed in 2016 that summarizes a years-long investigation into what responsibility Saudi Arabia bears for facilitating the attacks.
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