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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 arrives in Greece in First Visit to Europe Since 2018
- July 26,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrives in Greece today for talks with its premier, Kyriakos Mitsotakis, marking his first trip to a European Union nation since 2018.
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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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Saudi Arabia’s Ports Cargo Volume Jumps in June
- July 13,2022
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- SUSTG Team
Saudi Arabia’s ports witnessed a 16.1 percent increase in cargo throughput volumes in June 2022 compared to the same period a year before, according to a report in Arab News, citing the latest release by the Saudi Ports Authority, also known as Mawani.
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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 Arabia’s King Salman Allocates $5.3 Billion in Inflation Relief Aid
- July 7,2022
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- SUSTG Team
Saudi King Salman bin Abdulaziz Al Saud issued a royal decree this week ordering the allocation of SR20 billion ($5.33 billion) in financial support to tackle the effects of the rising global prices and inflation.
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Oil Continues Drop on Global Indices as Recession, Demand Destruction Fears Weigh on Prices
- July 6,2022
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- SUSTG Team
Oil plummeted about 9% on Tuesday in the biggest daily drop since March, and failed to regain ground on Wednesday, as growing fears of a global recession and lockdowns in China that could slash demand weighed on prices.
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Raghad Fathaddin joins The 966; Oil’s price and Saudi spare production capacity, the new ‘Motawif’ app, and more…
- July 1,2022
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- SUSTG Team
In episode 50, The 966 talks with Raghad Fathaddin, communications analyst for PepsiCo based in Riyadh, an entrepreneur and founder of Sangha “Estidama Hub”, a Y20 delegate and also a WIn fellow. Before that conversation, the hosts discuss a new app from Saudi Arabia that is changing the way people register for the Hajj pilgrimage, […]
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A passwordless server run by NSO Group sparks contact-tracing privacy concerns
Israel-based private security firm NSO Group, known for making mobile hacking tools, is leading one of Israel’s contact-tracing efforts. Security researcher Bob Diachenko discovered one of NSO’s contact-tracing systems on the internet, unprotected and without a password, for anyone to access. After he contacted the company, NSO pulled the unprotected database offline. Diachenko said he believes the database contains dummy data.
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Saudi cabinet affirms Palestinian cause will remain ‘central issue’ for Arabs and Muslims: SPA
Saudi Arabia’s cabinet affirmed late on Tuesday that the Palestinian cause will remain a “central issue” for Arabs and Muslims, Saudi news agency said in a statement issued early on Wednesday. The statement added the cabinet also reviewed the results of the emergency Arab League meeting which condemned the Israeli authorities plans to annex any Palestinian land.
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Saudi Arabia Moves Up 18 Places in Budget Transparency Index
After releasing the financial results of Q1 2020, Saudi Arabia has made a marked improvement in terms of budget transparency and accountability, according to the Open Budget Index survey released on Wednesday. The survey, conducted by International Budget Partnership (IBP), an international non-profit organization concerned with evaluating disclosure and transparency of general budgets worldwide, said Saudi Arabia has advanced 18 ranks, after scoring 18 points compared to one point in the previous survey conducted in 2017.
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‘Seven Days in Space’ tells Prince Sultan’s story of fasting, praying in space
"Seven Days in Space" opens a window on the experiences of five astronauts and their spaceship Discovery in 1985. But it is the author, whose writing is detailed and captivating, who relates his experiences and discoveries on a space voyage that shaped him into a humane leader. Prince Sultan Bin Salman, chairman of the Board of Directors of the Saudi Space Commission and the author, recollects that the time of his journey into space was during Ramadan, and reveals that this period also enhanced his closeness with the Almighty.
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Saudi TV Series Sparks Rare Ramadan Debate on Ties With Israel
“The notion of a real Saudi-Israeli normalization is still far-fetched,” said Abdulaziz Alghashian, a lecturer of international relations at the U.K.’s University of Essex. But the TV show did at least start to normalize discourse about normalization, he said, and it could be “a way of gradually introducing the Saudi public to very early stages of sporadic Saudi-Israeli cooperation.”
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Analysis: Iran’s space launches are not a cover for missile work. Until they are
Wednesday’s launch, however, was different from earlier ones in significant ways. First, it was not the civilian Iranian Space Agency, but the Revolutionary Guard Corps that conducted it. It’s an entirely separate development track—one that was thought to be dormant since 2011, but that has actually quietly continued.
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A hunt for any storage space turns urgent as oil glut grows
With oil depots that normally store crude oil onshore filling to the brim and supertankers mostly taken, energy companies are desperate for more space. The alternative is to pay buyers to take their U.S. crude after futures plummeted to a negative $37 a barrel on Monday. A topsy-turvy market that has oil prices for October delivery at $31 a barrel has oil firms anxious to sock away millions of barrels now to sell at a profit later.
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How Arab News, Saudi Arabia’s first English-language newspaper, was born
The first issue of Arab News, a 16-page tabloid, was published on April 20, 1975, from a small garage in Jeddah. Thanks to its instant popularity, and the quantity of advertising it generated, by the end of August it had blossomed into a broadsheet.
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Saudi Arabia executes man who attacked Spanish performers
Saudi Arabia on Thursday executed a Yemeni man found guilty of attacking a Spanish dance troupe and wounding three people on stage before a stunned audience in the capital last year. The Interior Ministry announced the execution in a statement and identified the man as 33-year-old Yemeni national Emad Abdelqawi al-Mansouri. He was sentenced to death in late December, a swift six weeks after the attack in Riyadh in mid-November.
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Spanish company to build second largest desalination plant in Saudi Arabia
Spanish company Abengoa, in consortium with SEPCOIII is set to construct a 600,000m3 / day desalination plant in Saudi Arabia; the second largest plant with reverse osmosis technology in the country.
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