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Senate Approves Biden Administration’s Weapons Sale to Saudi Arabia in Bipartisan Vote
- December 8,2021
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- SUSTG Team
The Senate on Tuesday gave a bipartisan vote of confidence to the Biden administration’s proposed weapons sale to Saudi Arabia, Politico reports, overcoming criticisms from some Senators on both sides. The Senate handily defeated an effort to block a $650 million sale of air-to-air missiles and related equipment to Saudi Arabia with a 67-30 vote.
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The 966 Podcast Interviews Fahad Nazer, Saudi Arabia’s Top Spokesperson for the Saudi Embassy in Washington
- December 7,2021
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- SUSTG Team
The 966 features an exclusive, two-part interview with Fahad Nazer, spokesperson for the Saudi embassy in Washington. In part one of the interview, the hosts ask Mr. Nazer about a wide range of mostly domestic and economic issues, including Saudi Arabia’s energy plans, the Kingdom’s relationship with the U.S. Congress (and the Biden administration), the […]
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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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All Eyes on OPEC+ Meeting Thursday with Omicron Variant Looming Over Demand
- December 1,2021
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- SUSTG Team
The OPEC+ group of oil-producing nations is set to meet Thursday December 2nd to decide whether to stick with their plan to increase monthly oil output by 400,000 barrels a day in January, according to reports.
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The 966 E13: Tapping the strategic petroleum reserve, Saudi Arabia’s Covid-19 response, and ‘sportswashing’
- November 29,2021
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- SUSTG Team
On this week’s episode of The 966, the hosts talk about Saudi Arabia’s upcoming EDM festival, called Soundstorm, the start something big for women’s soccer in the Kingdom, President Biden’s decision to tap the SPR, Saudi Arabia’s enviable Covid-19 response, and why “sportswashing” is used to describe Saudi Arabia – but doesn’t come close to […]
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Saudi Government Reacts to Potential Omicron Variant Threat, Blocks Travel from 18 Countries
- November 29,2021
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- SUSTG Team
Saudi Arabia, whose proactive and comprehensive response to the Coronavirus pandemic that started in 2020 placed the Kingdom in an enviable position globally as new daily cases remain under 100 since September, is taking initial precautionary measures to the new potential threat of the Omicron variant, according to reports.
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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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Saudi Approach to Pandemic a ‘Model to the World’; Challenges and Opportunities in Kingdom’s Healthcare Sector
- November 23,2021
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- SUSTG Team
Saudi Arabia has all but defeated the Coronavirus pandemic within its borders. New cases in Saudi Arabia have remained below the 100 mark since mid-September, making the Kingdom the envy of most other countries who are struggling to keep the virus under control. A new report from Jadwa Investment highlights how Saudi Arabia’s approach to dealing […]
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Reliance, Aramco ‘Mutually Determined’ to Reevaluate $15b Deal, Statement Says
- November 22,2021
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- SUSTG Team
Reliance and Saudi Aramco have “mutually determined” to reevaluate a potential $15 billion investment by Saudi Aramco into Reliance’s oil-to-chemicals (O2C) business agreed to in 2019, according to reports and a statement from Reliance.
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MUST-READS
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Saudi Arabian Government Looking To Partner With Iowa Farmers On Imports
Saudi Arabia imported almost $300 million in corn and $120 million in soybeans from the U.S. in 2018, the majority of which came from Iowa, Bakir said.
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Arts and culture in Saudi Arabia: the impact of Covid-19
Ithra is a major investment. It is not just a building. It is a continuous collection of programmes designed to fuel creativity, inspiration and a passion for lifelong learning. Educational workshops are side by side with culinary experiences, film screenings, museums and performance art. By offering this rich cultural mix, Ithra provides Saudi Arabia with a vigorous source of potential, equipping citizens with knowledge and stimulating curiosity.
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Saudi Arabia’s Al-Ahli qualify for AFC quarterfinals
Al-Ahli of Saudi Arabia defeated Shabab Al-Ahli Dubai 4-3 on penalties to progress to the quarterfinals of the AFC Champions League on Saturday.
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Six start-ups from Saudi Arabia you need to know
The start-up scene in Saudi Arabia is booming. Funding for start-ups in the kingdom has risen by 102 percent in the first half of the year compared to the same time period in 2019, according to newly released data from start-up data platform Magnitt.
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Smart City Index: Saudi Arabia capital Riyadh jumps 18 places to 53rd
Saudi Arabia capital Riyadh has jumped 18 placesto finish 53rd out of 109 in a list of the world’s smartest cities. Globally, Singapore, Helsinki and Zurich came out on top of the index in a year that saw many European cities fall. Meanwhile, Abu Dhabi and Dubai have emerged as the smartest cities in the region. The UAE capital jumped 14 spots to rank 42nd while Dubai rose two places to 43rd.
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Startup accelerators in Saudi Arabia: A new generation of business incubator
The idea of business incubators was introduced by Joseph L. Mancuso in the 1950s. He established a warehouse where startup companies could be located and benefit from shared services, mentoring and training. Business incubators have proliferated and the International Business Innovation Association estimates there are between 7,000 and 9,000 worldwide.
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Saudi Arabia pushes soft power by launching new teamLab digital art museum in Jeddah
The Japanese multimedia collective teamLab will launch a new digital art museum in Jeddah, Saudi Arabia, by 2023 called teamLab Borderless Jeddah. The Tokyo-based technology group, known for producing crowdpleasing immersive experiences awash with virtual waterfalls and flowers, has entered into a ten-year agreement with the Saudi Ministry of Culture to develop works for the planned museum.
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Saudi Arabia starts final phase of its mills privatisation
Saudi Arabia’s state grain buyer SAGO said on Sunday the second and final stage of the bidding process for its mills had started. The kingdom is selling its entire flour milling business, in a long-awaited privatisation that marks one of the first sales of the country’s state-owned assets. The sales are part of broader plans to overhaul the economy.
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Saudi Arabia chases UK tech firms to partner on $500bn Neom City
Saudi Arabia has called on UK companies to partner and invest in its multi-billion dollar smart cities as part of the kingdom’s transformation drive. “The drive behind all these opportunities is that smart cities will help Saudi Arabia,” Moath Alzahrani, smart cities domain lead at the kingdom’s National Digital Transformation Unit told delegates at London’s Tech Week event.
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Saudi Arabia to hold national finals of world’s biggest start-up pitch competition
Start-ups from Saudi Arabia will this week compete in the national finals of the Entrepreneurship World Cup (EWC) 2020, the world's biggest pitch competition for entrepreneurs, as they vie to win six cash prizes of $50,000 (Dh183,625) and a place in the Misk Global Forum finals. The event, which will be held virtually on September 7 due to the Covid-19 pandemic, will see 15 of the kingdom's most promising start-ups give three-minute pitches, followed by two minutes of judges’ questions.
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