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The 966 E12: The Price of Oil in 2022, Redefining Saudi Citizenship, and Two New Mega-Developments in Saudi Arabia
- November 19,2021
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- SUSTG Team
In Episode 12 of The 966, the hosts tackle a recent oil price prediction from the IEA, a new Saudi Royal Decree that grants citizenship to “exceptional” people, and discuss the two newly announced mega-developments in Saudi Arabia and how they stack in comparison to the other mega- and giga-projects in the Kingdom.
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Saudi Arabia Turns on the Taps: Crude Exports Rise for 5th Straight Month
- November 19,2021
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- SUSTG Team
Saudi Arabia continues to ratchet up crude oil exports to meet demand as prices rise, with exports rising in September for a fifth month in a row to their highest since January, Reuters reports, citing the Joint Organization Data Initiative (JODI).
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State Department Releases U.S.-GCC Iran Working Group Statement; Calls for Iran to ‘Seize the Diplomatic Moment’
- November 18,2021
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- SUSTG Team
Diplomats from the U.S., Saudi Arabia and other GCC nations convened in Riyadh this week to discuss a coordinated effort to counter Iran’s “range of aggressive and dangerous policies,” the State Department confirmed in a statement.
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Saudi Arabia Announces Two New Mega-Development Plans in a Week
- November 17,2021
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- SUSTG Team
Saudi Arabia is full steam ahead with ambitious, large-scale new developments in the Kingdom, with two new projects announced this week alone.
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Saudia Airlines Seeks 250-Strong Fleet by 2030 with Significant Aircraft Order – Report
- November 16,2021
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- SUSTG Team
Saudi Arabian Airlines, known as Saudia, is contemplating an aircraft order from Airbus SE or Boeing Co. “that could total well above 100 jets as part of a push to lure more tourists,” Bloomberg reports.
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966 E. 11: Saudi Arabia at COP 26, Seven Years of King Salman, and Saudi Arabia’s First Film Festival
- November 12,2021
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- SUSTG Team
Episode 11 of The 966 has the hosts talking about the Red Sea International Film Festival, King Salman in his 7th year on the throne, and Saudi Arabia at COP 26.
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Saudi Arabia is Currently the Most Affordable Country in the World to Buy a Home
- November 11,2021
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- SUSTG Team
Saudi Arabia is the world’s most affordable country to buy a home in 2021, according to a new study from a Britain-based building supplier.
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Rents for Office Space in Riyadh Climb as Kingdom Pushes Local Headquarters Drive
- November 10,2021
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- SUSTG Team
Rents for premium office spaces in Riyadh rose over the last year, evidence that Saudi Arabia’s push to get international companies to make their regional headquarters in the Kingdom is starting to show results.
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Saudi Arabia to Invest $64 Billion in Entertainment Sector – Report
- November 8,2021
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- SUSTG Team
Saudi Arabia said it will invest $64 billion in its entertainment industry as part of its ongoing efforts to diversify its economy, according to reports.
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Lydia Ko Wins Aramco Saudi Ladies International by Five Shots
- November 8,2021
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- SUSTG Team
Lydia Ko shot a 65 in the final round on Sunday of the Aramco Ladies International to win the tournament by five strokes. Ko shot a 63 on Saturday to take a four stroke lead going into the final day of the tournament, tying the course record and helping her achieve a winning score of 23 under […]
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MUST-READS
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Wheat Rivalry Heats Up as Ukraine Starts Sales to Saudi Arabia
Ukraine joined Russia in starting wheat sales to Saudi Arabia, giving European Union exporters another rival in one of their top markets.
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Saudi Arabia’s SABIC issues $1 billion in two-part bonds
Saudi Basic Industries Corp (SABIC), the world’s fourth-biggest petrochemicals firm, sold $1 billion in dual-tranche bonds on Thursday, as Gulf debt markets pick up after the summer break. SABIC sold $500 million of 10-year bonds and $500 million of 30-year Formosa bonds, a document issued by one of the banks leading the deal and seen by Reuters showed.
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Saudi Arabia: Female participant makes history in kingdom’s first cycling championship
Ten Saudi women have participated for the first time in the kingdom’s cycling championship which was held this week in Abha in southern Saudi Arabia.
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Pompeo tours Middle East as part of Trump’s Arab-Israeli push
Pompeo will be followed to many of these destinations by Jared Kushner, President Donald Trump's senior adviser and son-in-law, according to reports citing diplomats. Officials said stops in Oman and Qatar are also possible.
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There are Now At least 60 Fintech Firms Operating in Saudi Arabia, with 100 Startups in Concept or Pre-Launch Phase
According to Fintech Saudi, there were 20 financial technology companies operating in the Kingdom last year, and now there are around 60. More than 100 startups are currently in their proof of concept or pre-commercial stage, the organization revealed.
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Saudi Arabia says verdict in Hariri assassination case marks start in achieving justice
Saudi Arabia’s foreign ministry said on Tuesday that the verdict in the case of former Lebanese prime minister Rafik al-Hariri’s assassination marks a start in achieving justice by “pursuing, arresting and punishing those involved”, the state news agency said, quoting the foreign ministry. The foreign ministry said “the Saudi government, by calling for justice and punishing Hezbollah, stresses the need to protect Lebanon, the region and the world from the terrorist practices of this party that is considered a tool of the Iranian regime.”
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The Return of Women: A Post-Rentier Rediscovery of the Arabian Heritage of Female Workforce Participation
In fact, female workforce participation has its roots in Arabian heritage, and Saudi society has undergone some unusual decades since the late twentieth century when women were not given enough opportunities. Women are only now returning to the workforce.
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Saudi Arabia’s $300 billion wealth fund sold Facebook, Disney, and Boeing stocks, and poured billions into ETFs in the second quarter
The kingdom's Public Investment Fund, which has total assets of about $300 billion, invested $4.65 billion in US-domiciled ETFs, the filing showed. The fund invested $1.86 billion into The Utilities Select Sector SPDR Fund, and $2.79 billion into The Real Estate Select Sector SPDR Fund, the filing said.
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Saudi Arabia signs off on Artificial Intelligence policy
King Salman Bin Abdulaziz has approved Saudi Arabia’s Artificial Intelligence (AI) strategy, which is expected to contribute an estimated 500 billion riyals (US$133 billion) to gross domestic product (GDP) by 2030. The Saudi Data and Artificial Intelligence Authority (SDAIA) was set up by a Royal Decree in August 2019. The organisation oversees the National Data Management Office, the National Information Center and the National Center for Artificial Intelligence.
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How Saudi Arabia’s environmental leadership can help restart its economy
The challenge seems daunting. One finding estimates that between 1990 to 2019, droughts affected more than 44 million people in our region, and natural disasters did almost $20 billion of damage to regional economies. Unchecked, these numbers will get worse. Just like pandemics, climate disasters do not respect national borders.
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