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Saudi Arabia Plans PIF Takeover of Airport Operators with Eyes Toward Privatization
- December 21,2021
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- SUSTG Team
Saudi Arabia plans to convert its airport operators into holding companies and transfer them to the Public Investment Fund (PIF), according to a Reuters report, citing Abdulaziz Al-Duailej, the head of Saudi Arabia’s General Authority of Civil Aviation. Some of the new companies may eventually be privatized, according to Al-Duailej. Per Reuters: “The kingdom’s 22 airports […]
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Episode 17: The Diriyah Art Biennale, The Red Sea Film Festival wraps, Philosophy in Saudi, and Expo Saudi 2030?
- December 17,2021
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- SUSTG Team
This week, the hosts discuss the Kingdom’s 2022 budget, the Diriyah Art Biennale ongoing now outside of Riyadh, the Red Sea film festival, a philosophical discussion in Saudi Arabia, and whether the Kingdom will host Expo 2030.
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It’s Official: Saudi Arabia Pitches Riyadh for 2030 World’s Fair
- December 16,2021
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- SUSTG Team
Saudi Arabia has officially submitted a bid to host Expo 2030 in Riyadh, with the Royal Commission for Riyadh City (RCRC) CEO Fahd Al-Rasheed submitting the Kingdom’s bid while addressing a virtual gathering of 170 member countries assembled to kickstart the five-stage bidding process that will conclude with voting in November 2023.
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Saudi Energy Minister Warns of ‘Dangerous’ Energy Crises with Reduced Investment in Production
- December 14,2021
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman al-Saud said on Monday that oil markets could face a dangerous period marked by undersupply and volatility if the world reduces investments in exploration and drilling, according to reports.
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Saudi Arabia’s 2022 Fiscal Budget Report Released, with First Surplus in Nearly a Decade Seen for 2022
- December 13,2021
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- SUSTG Team
Saudi Arabia released its budget for the 2022 fiscal year following the endorsement by the Council of Ministers on December 12th, with a few changes from the preliminary budget released earlier in September this year. As expected, Saudi Arabia is expected to register its first fiscal surplus since 2013.
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MBS’s GCC Tour, PIF’s Latest Telecom Moves, and Saudi Arabia’s ‘Ever More Ambitious Investment Strategy’ with Guest Co-Host Robert Mogielnicki from AGSIW
- December 10,2021
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- SUSTG Team
This week, The 966 welcomes guest co-host Robert Mogielnicki from the Arab Gulf States Institute in Washington (AGSIW) and Adjunct Assistant Professor at Georgetown University. The hosts discuss the changed working week in the UAE and discuss why visiting Saudi Arabia is the best way to understand what’s going on in the country. Then, the hosts […]
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After Hosting France’s Macron for Talks, Crown Prince MBS Attends First Ever Saudi Grand Prix
- December 6,2021
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- SUSTG Team
It was a busy weekend for Saudi Arabia’s Crown Prince Mohammed bin Salman ahead of a planned regional trip to neighboring Gulf countries. The crown prince hosted France’s President Emmanuel Macron in Jeddah for diplomatic and trade talks at the Al-Salam palace in Jeddah on Saturday. Macron landed in Jeddah after visits to the United Arab Emirates and […]
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The 966 E. 14 – Saudi Stock Market to IPO, Shale Gas in KSA, and Discussing the Economy in 2022 with Guest Co-Host Fahad AlMalki
- December 3,2021
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- SUSTG Team
The 966 team welcomes its first co-host for the podcast’s weekly show, Fahad AlDehais AlMalki, a lawyer and capital markets expert in Riyadh. The hosts ask Fahad about starting up his own law firm in the Kingdom, and talk about big golf news in Saudi this week, a packed season of events in Riyadh, the […]
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Saudi Economy on Track for ‘Very Strong Level of Growth This Year,’ with 2022 ‘Critical’ for Vision 2030 — Jadwa Investment
- November 30,2021
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- SUSTG Team
The Saudi economy is “on-track to record a very strong level of growth this year, and we expect this to continue into next year…[with] the Kingdom’s economy growing by 7 percent year-on-year in 2022 as a result of sizably higher oil sector growth and robust levels of non-oil growth,” Jadwa Investment said in the Riyadh-based bank’s […]
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With Pandemic’s Damage in the Rear View for Saudi Arabia, Consumers Up Spending; Non-Oil Economy Recovers
- November 24,2021
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- SUSTG Team
With Saudi Arabia’s success against the pandemic becoming the envy of countries around the world, the Kingdom’s economy is roaring back to life on the back of high oil prices and consumer confidence.
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MUST-READS
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UN weather agency: Greenhouse gases reach new record in 2021
Of the three main types of heat-trapping greenhouse gases — carbon dioxide, methane and nitrous oxide — the biggest jump from 2020 to 2021 was in methane, whose concentrations in the air came in with the biggest year-on-year increase since regular measurements began four decades ago, WMO said.
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UN weather agency: Greenhouse gases reach new record in 2021
Of the three main types of heat-trapping greenhouse gases — carbon dioxide, methane and nitrous oxide — the biggest jump from 2020 to 2021 was in methane, whose concentrations in the air came in with the biggest year-on-year increase since regular measurements began four decades ago, WMO said.
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Saudi data agency teams up with LinkedIn on AI studies for labor market
The Saudi Data and AI Authority has signed a deal with LinkedIn to cooperate on research related to the Kingdom’s labor market in the field of data and artificial intelligence. The agreement aims to enrich knowledge and launch awareness initiatives to build a digital professional identity and link it to appropriate career opportunities. A memorandum of understanding was signed at the SDAIA’s headquarters in Riyadh by Majid Alshehry, manager of the general department of studies, and Rajai El-Khadem, LinkedIn’s head of the public and academic sectors for the Middle East.
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Physical inactivity could cost $27bn annually, calls for urgent action from governments: Report
The first-ever physical activity global report by WHO published on Wednesday, measured the extent to which governments are implementing recommendations to increase physical activity across all ages and abilities. According to the data from 194 countries, it was revealed that progress is slow and that countries need to accelerate the development and implementation of policies to increase levels of physical activity to prevent disease and reduce burden on overwhelmed healthcare systems.
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Green Hydrogen Production in MENA Faces a Water Problem, Energy Leader Says
Jawad El Kharraz, executive director of the Regional Center for Renewable Energy and Energy Efficiency (RCREEE), says that Arab countries should localise green hydrogen production technology. However, in an interview with Al-Fanar Media, he points out that there are challenges facing this process, related to water scarcity in the North African region.
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General headscarf ban at work is OK, Europe’s top court says
EU companies can ban headscarfs as long as it is a general prohibition that does not discriminate against employees, Europe's top court said on Thursday, the latest ruling on an issue that has divided Europe for years. The case concerned a Muslim woman who was told she could not wear a headscarf when she applied to do a six-week work traineeship at a Belgian company.
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Opinion: ‘It’s Like a War Out There.’ Iran’s Women Haven’t Been This Angry in a Generation
The outpouring of anger took the Iranian government off guard when it exploded on Sept. 16 across dozens of cities, in protest of the death of a 22-year-old Kurdish Iranian woman, Mahsa Amini, in police custody. Iran’s morality police detained Ms. Amini for wearing “improper hijab,” though her precise violation of the state’s Islamic dress codes was unclear. In video footage of Ms. Amini in detention, her attire is, by Iranian standards of compliance with the rules, uncontroversial.
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Lionel Messi Last World Cup Is 2022 Qatar, Argentine Star Says
Argentine soccer superstar Lionel Messi said the Qatar World Cup in November will be his last, capping a historic run as leader of the national team. In a taped Star+ interview released Thursday, when asked if the upcoming World Cup -- his fifth -- would be his last, the 35-year old said “yes, surely yes.” The announcement sparked widespread media coverage in Argentina, where fans are scrambling to fill sticker books and tens of thousands of citizens are expected to travel abroad for the World Cup.
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Saudi hydrogen economy rising in regional areas
A general geographic pattern is emerging. Green hydrogen, made with renewable energy, is being developed in the west of the country with the region’s ample wind and solar resources. Blue hydrogen, which requires carbon capture to become carbon-free, is targeted in various Aramco projects in the east of the country.
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Saudi hydrogen economy rising in regional areas
A general geographic pattern is emerging. Green hydrogen, made with renewable energy, is being developed in the west of the country with the region’s ample wind and solar resources. Blue hydrogen, which requires carbon capture to become carbon-free, is targeted in various Aramco projects in the east of the country.
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