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PIF Eyes Deal to Merge Mobile Towers of Zain, STC to Form Telecom Giant – Report
- November 3,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is weighing a deal to combine the mobile phone infrastructure of Saudi Telecom Co. and Zain Saudi Arabia “in a merger that would form the kingdom’s largest cellular towers company,” people familiar with the plans told Bloomberg.
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Archaeologists in Saudi Arabia Excavate for Remnants of Ancient Kingdoms – Report
- November 2,2021
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- SUSTG Team
A team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of Dadan and Lihyan, according to a Reuters report.
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Saudi Arabia Seeks to Host World’s Fair in 2030
- November 1,2021
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- SUSTG Team
Saudi Arabia intends to submit a bid to host the Expo 2030 world fair, Saudi Crown Prince Mohammed bin Salman said on Friday, as the Kingdom continues to open itself up to the world and diversify its economy.
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Saudi Economy Surges as Non-Oil PMI Rises to Highest Since 2015 – Jadwa Investment
- November 1,2021
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- SUSTG Team
Saudi Arabia’s economy continued to gather significant momentum as nearly every recent measurement or data point available pointed to an expanding economy. In Jadwa Investment’s recent Chartbook for Saudi Arabia for the month of November, which uses data largely from September, non-oil PMI rebounded significantly rising to 58.6, the highest reading since 2015, supported by improving business […]
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‘We are Ready to Roll’: Will Saudi Arabia’s Olayan Group Join the IPO Party?
- October 28,2021
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- SUSTG Team
Saudi Arabia’s Olayan family, which runs one of Saudi Arabia’s biggest conglomerates and is one of the richest in the Kingdom, may “revive plans to take some of its companies public,” according to a report today in Bloomberg.
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Saudi Aramco Chief Says World’s Spare Oil Supplies Are Falling Rapidly, Urges Production Investment
- October 27,2021
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- SUSTG Team
Saudi Aramco’s CEO Amin Nasser said that oil-output capacity across the world is dropping quickly and companies need to invest more in production, according to a story in Bloomberg. It’s a “huge concern,” Nasser said in an interview in Riyadh. “The spare capacity is shrinking.”
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Future Investment Initiative (FII) Kicks Off 5th Annual Summit with Focus on Climate, Humanity, Energy
- October 26,2021
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- SUSTG Team
The first day of the Future Investment Initiative (FII) conference kicked off this morning in Riyadh with a focus on investing in humanity, sustainability, and impactful investing. The FII comes just a day after the Saudi Green Initiative and Middle East Green Initiative Launch Events that concluded yesterday in the Saudi capital.
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The 966, Episode 8 – F1 Grand Prix in Jeddah, The Puzzle of U.S.-Saudi Ties, Tadawul Hits 15 Year High, Solar Costs Rise
- October 22,2021
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- SUSTG Team
This week, The 966 hosts discuss the upcoming COP 26 UN Climate Change Conference in Glasgow, the F1 race in Jeddah, an excellent recent commentary piece by Jon Alterman of the CSIS, Tadawul’s 15-year high, and the rising cost of solar energy components in Saudi Arabia.
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Will Oil Reach $100?
- October 19,2021
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- SUSTG Team
In June, Bank of America forecasted that oil may reach $100 by sometime in 2022 on surging demand and a rebounding global economy. At the time, the Charlotte, NC-based bank was the most bullish of the major forecasters for a return to triple digits by 2022.
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Saudi Arabia Names New Health, Hajj Ministers by Royal Decree
- October 18,2021
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- SUSTG Team
Saudi Arabia’s King Salman issued a royal decree appointing Fahad bin Abdulrahman bin Dahes Al-Jalajel as the new health minister, replacing the long-serving Dr. Tawfiq bin Fawzan bin Mohammed Al-Rabiah, according to the Saudi Press Agency. Al-Rabiah will move over to the Ministry of Hajj and Umrah as Minister, the decree said.
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Saudi FootballSaudi Stars Arrive in Spain, With One Eye on Russia
The long-term goal, the parties said, is to develop and promote soccer; the more pressing one is to improve the standard of the Saudi national team ahead of this summer’s World Cup in Russia.
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Saudi-IsraelSaudi grants airspace approval for flights to Israel
Saudi Arabia has granted for the first time permission for Air India flights headed to Israel to use its airspace, the Israeli daily Haaretz reported.
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Shale OilPermian Seen Second to Saudis for Spare Oil-Output Capacity
The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter.
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AfghanistanShock gives way to despair in Kabul after ambulance bomb
Kabul was in despair on Sunday, a day after a Taliban suicide bomber killed more than 100 people and wounded at least 235 in the worst attack in the Afghan capital in months.
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Saudi Football9 Saudi footballers just signed with different Spanish clubs
On Sunday, nine Saudi players officially joined seven different football clubs in Spain on separate loan deals, under a partnership between the two nations.
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PakistanPakistan court frees anti-US cleric amid spat with Trump
A Pakistani court has ordered the release of a radical anti-US cleric who went to Afghanistan with thousands of volunteers to help the Taliban fight against Americans after the 2001 US-led invasion, a defense lawyer said Tuesday.
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Iran ProtestsHow Obama may have helped spark Iran’s protests — in a good way
Obama might be responsible for the current riots — but not because he supported the regime. Rather, the riots are likely a result of Obama-era strategy that gave the Iranian people a glimpse of freedom.
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Chess FurorTV host’s call for Israeli teams to compete in Saudi Arabia sparks fury
A Saudi Arabian TV host sparked fury this week when he called for Israeli teams to be allowed to compete in sports tournaments. Waleed Al-Faraj spoke out after it emerged that seven Israeli chess players have submitted visa requests to play in a tournament in Riyadh next month. The move has split the top of the Israeli chess world with the country’s three highest-ranked players boycotting the event.
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Oil PriceOil Sleeps Through Saudi-Iran Spat and Imminent OPEC Meeting
With tensions between Saudi Arabia and Iran ratcheting up and OPEC about to announce its plans for global crude supply, investors would be forgiven for anticipating a few gyrations in oil prices. The opposite has happened: the market is the calmest it’s been for almost nine months.
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Iranian InvestmentLondon’s first Iran-linked listing raises transparency concerns
Euromoney has found that Indigo, which was created by Iranian investment bank Turquoise Partners, chose to omit Iran from its public disclosures because it thought that its connection to that country could negatively affect its listing on London’s NEX Exchange. The omission was not officially authorised by the exchange.
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