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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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Saudi-led OPEC+ Group Sticks to Oil Output Policy, Delaying Debate before Biden’s Visit to Kingdom
- June 30,2022
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- SUSTG Team
The Saudi-led OPEC+ group of oil producers, which includes Russia, said on Thursday it would stick to its planned oil output hikes in August, pushing off a debate on policy from September onwards as prices have risen on tight global supplies and worries that the group has little ability to pump more crude, Reuters reports.
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Foreign Direct Investment into Saudi Arabia Jumps 9.5%, Saudi Arabia’s Ministry of Investment Says
- June 29,2022
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- SUSTG Team
Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, Saudi Arabia’s Ministry of Investment (MISA) said on Twitter on Tuesday.
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United Nations Recognizes Saudi Arabia’s Tawakkalna App with Public Service Award for 2022
- June 28,2022
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- SUSTG Team
Saudi Arabia’s game-changing Tawakkalna app has been awarded the United Nations Public Service Award 2022 for institutional resilience and innovative responses to the COVID-19 pandemic, Arab News and the Saudi Press Agency reported. The award was given to Dr. Abdullah bin Sharaf Alghamdi, President of the Saudi Data and AI Authority (SDAIA), at an annual forum that recognizes distinguished […]
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Saudi Stock Exchange Tadawul Plans to Launch Single Stock Futures on July 4
- June 27,2022
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, said it plans to launch single stock futures on July 4, “which will enable local and international investors to hedge and manage portfolio risks more effectively,” Reuters reports.
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Leading Saudi architect and urban designer Dhay Aldhawyan joins The 966, MBS visits regional powers, and much more…
- June 24,2022
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- SUSTG Team
In episode 49, The 966 welcomes Dhay Aldhawyan, a leading architect and urban planner based in Riyadh who is Head of the Center for Development of Urban Design and Planning of Saudi cities, to discuss her journey and some of the big projects and developments happening now across Saudi Arabia. The 966 hosts also discuss […]
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IMF Sees 7.6% GDP Growth for Saudi Arabia in 2022; Highlights Solid Indicators
- June 23,2022
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- SUSTG Team
The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022, according to a report. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus increasing to 17.4 percent of GDP in 2022.
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Saudi Crown Prince Mohammed bin Salman Heads to Turkey after Visiting Jordan, Egypt
- June 22,2022
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman landed in Turkey for the first time in several years on Wednesday for talks with President Erdogan, after visiting neighboring Egypt and Jordan as part of a regional tour, Reuters reports.
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Saudi Crown Prince Lands in Egypt on Start of Regional Tour
- June 21,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Cairo, Egypt on Monday, kicking off his first tour outside the Gulf region in over three years, according to reports.
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Saudi Arabia Invites Proposals for Rabigh 4 Independent Water Project; 8 Pre-Qualified to Bid
- June 20,2022
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- SUSTG Team
Saudi Water Partnership Company (SWPC), the principal off-taker for water and wastewater projects in Saudi Arabia, tendered Request for Proposal (RFP) for its Rabigh 4 Independent Water Plant (IWP) project, according to a report in Zawya. The 600,000 cubic meters per day desalination project is located in Rabigh, 110 miles northwest of Makkah, on the Red Sea […]
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MUST-READS
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GAFT Leads Saudi Negotiating Team in GCC-Indonesia Free Trade Agreement Talks
The delegation consists of nine technical teams covering various sectors, including goods, services, investment, general provisions, e-commerce, intellectual property, government procurement, rules of origin, and economic evaluation. These teams, comprising representatives from approximately 46 government agencies, are tasked with shaping Saudi Arabia's stance in international trade negotiations, formulating proposals, and submitting reports on trade agreements and World Trade Organization (WTO) initiatives.
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Film and beyond: Leapfrogging into the global screen industry
Ongoing transformation in the global screen industry has created an opportunity for GCC countries to establish themselves as prominent players. As the industry grapples with the future of content creation and the demands of a global audience, the combination of an appetite for investment in state-of-the-art technologies and media hubs, a focus on attracting investors and producers, a young and digitally-savvy workforce, and a culture rich with stories and landscapes could enable the GCC region to become a center of cinematic innovation. Success in this endeavor will require a collaborative effort between governments and the private sector to bridge the silos of geography, technology, and media industry verticals.
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CNN to expand its Middle East presence with new operation in Media City Qatar
CNN is expanding its footprint in the Middle East through the creation of a new operation in the State of Qatar as part of CNN’s broader strategy to deepen its global and regional content creation capabilities. The presence in Qatar will complement CNN’s existing Middle East programming and newsgathering hubs: the flagship regional headquarters in Abu Dhabi, home to Connect the World with Becky Anderson; Dubai, the base for CNN Arabic; and CNN’s bureaus across the region. The new CNN operation based in Media City Qatar, a leading hub for global media and technology companies that fosters innovation and collaboration in Qatar’s vibrant media landscape, will go live in the second half of 2025. Its focus will be the development of multi-platform content about trending stories driving the global zeitgeist. A team of CNN content creators will be publishing on digital and social platforms and producing an innovative weekly show for CNN International.
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Saudi state mining giant steps up search for copper
Saudi Arabia’s state mining giant is ramping up its domestic search for copper — a key ingredient for the energy transition — soon after announcing plans to explore the country for lithium, the company’s chief executive told Semafor. Ma’aden, officially known as the Saudi Arabian Mining Co., plans to spend $2.5 billion a year for the next five to six years to expand its phosphate and gold mining operations and to develop new mines, but will pivot its metals exploration at home from gold to copper, spending 72% of its budget on copper, Bob Wilt said in an interview.
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Syria leader says Saudis want to help rebuild war-torn country
Accompanied by his foreign minister, Asaad al-Shaibani, Sharaa was greeted by Saudi officials on arrival in Riyadh, images from state television outlet Al-Ekhbariya showed. Sharaa was later received by Crown Prince Mohammed bin Salman, the official Saudi news agency reported. "We held a long meeting during which we felt and heard a genuine desire to support Syria in building its future," Sharaa was quoted as saying in a statement on Telegram. The official Saudi Press Agency, meanwhile, said that Prince Mohammed and Sharaa discussed "ways to support the security and stability of sisterly Syria", as well as "ways to strengthen bilateral relations". Sharaa, whose Islamist group led the overthrow of Bashar al-Assad in December, was named Syria's interim president on Wednesday.
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Syrian leader visits Saudi Arabia, in a shift away from Iran
Syria’s new president arrived in Saudi Arabia on Sunday for his first official foreign trip. Ahmed al-Sharaa, who led the rebel coalition that toppled Bashar al-Assad, met with Saudi Arabia’s Crown Prince Mohammed bin Salman: Both born in Riyadh, they are the Arab world’s two youngest leaders. Saudi Arabia is pushing world governments to lift international sanctions on Damascus as it looks to shape the future of a country once firmly under Tehran’s influence.
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US to announce progress in Saudi-Israel normalisation talks: report
US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are expected to announce progress in talks aimed at normalising relations between Saudi Arabia and Israel during their meeting in Washington on Tuesday, according to a report by the Israeli daily Haaretz on Sunday. The report came after US envoy to the Middle East, Steve Witkoff, was reportedly working to finalise the exact wording of the agreement between the two countries. Last week, Witkoff visited Riyadh on a trip that was followed by a stop Tel Aviv to reportedly finalise the details. The US envoy also report Palestinian Authority Minister of Civil Affairs Hussein Al-Sheikh, as well as another Palestinian figure described by the newspaper as "acceptable to the West".
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Netanyahu leaves for Washington looking to deepen ties with Trump
Israeli Prime Minister Benjamin Netanyahu prepared to leave Israel on Sunday for a meeting with U.S. President Donald Trump, looking to strengthen ties with Washington after tensions with the previous White House administration over the war in Gaza. Netanyahu, the first foreign leader to visit Trump since his inauguration last month, leaves with the ceasefire in Gaza still holding and negotiations aimed at a second phase expected to begin this week.
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Saudi crown prince discusses ways to support Syrian Arab Republic with president during trip to Riyadh
The crown prince congratulated Al-Sharaa on his recent appointment and wished him success in achieving the hopes and aspirations of the Syrian people. The interim president said Saudi Arabia was committed to supporting his country after meeting Prince Mohammed: “We held a long meeting during which we felt and heard a genuine desire to support Syria in building its future,” Al-Sharaa said in a statement on Telegram. Military commanders appointed Al-Sharaa interim president weeks after militant forces overran Damascus. Last month, Saudi Arabia’s Foreign Minister, Prince Faisal bin Farhan, visited Damascus and said the Kingdom was engaged in talks with the US and European partners to help lift economic sanctions imposed on the Syrian Arab Republic that have left the country’s economy decimated.
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10,295 illegal residents deported in a week
The Saudi security forces have arrested a total of 21,564 illegal residents from various regions of the Kingdom during the last week. The arrests were made during the joint field security campaigns that were carried out in collaboration with the relevant government agencies during the period between Jan. 23 and 29, the Ministry of Interior revealed on Saturday. Those who were arrested included 13,883 violators of the Residency Law, 4,668 violators of the Border Security Law, and 3,013 violators of the Labor Law. A total of 27,127 violators were referred to their diplomatic missions to obtain travel documents while 2317 violators were referred to complete their travel reservations whereas 10,295 violators were deported.
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