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The 966, Episode 9 – Net-Zero for Saudi Arabia, The FII in its 5th Year, and Tourism in the Kingdom
- October 29,2021
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- SUSTG Team
This week, The 966 hosts discuss a potential rival golf league to the PGA from Saudi Arabia, Boeing’s potential comeback, and Saudi Arabia has pledged to achieve net-zero emissions by 2060. The hosts also discuss the FII in its 5th year and the growing significance of the event, and whether tourism in Saudi Arabia can grow […]
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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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Saudi Arabia Joins Global Community with Pledge to Achieve Net Zero Emissions by 2060
- October 25,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Saturday at the Saudi Green Initiative (SGI) event that the world’s top oil exporter aims to reach “net zero” emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060, according to reports.
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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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Saudi Arabia Looks to Turn its Smaller Stock Market, Nomu, Into Platforms for Startups to Raise Funds
- October 21,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, is in talks to recast its small-cap market, called Nomu, as a hub for the Middle East’s burgeoning startup industry,” people familiar with the matter told Bloomberg.
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An Exclusive Interview with Lina Almaeena on The 966 Podcast
- October 20,2021
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- SUSTG Team
The 966 interviews Saudi Arabia’s Lina Almaeena, who spent well over a decade leading the charge for women’s sports in Saudi Arabia after co-founding Jeddah United Sports Club in 2006. Almaeena then served on Saudi Arabia’s consultative body, the Shura Council, and continues to work to advance women’s empowerment in Saudi Arabia in line with […]
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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 FM Prince Faisal bin Farhan, Ambassador Reema bint Bandar Meet with Secretary of State Blinken in Washington
- October 15,2021
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- SUSTG Team
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and Saudi Ambassador to the United States Princess Reema Bint Bandar Al-Saud met with U.S. Secretary of State Antony Blinken in Washington on Thursday, and “exchanged views on Iran’s nuclear program and international talks on the matter,” according to a statement from Saudi Arabia’s foreign ministry […]
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MUST-READS
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U.S. Department of StateState Department, USAID Face Drastic Budget Cut
The funding shortfall of about $8.8 billion would impose the biggest reduction in resources for the U.S. diplomatic corps and development programs since the 1990s.
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U.S. Department of StateState Department Lost 12% of its Foreign Affairs Specialists in Trump’s First 8 Months
The State Department’s civilian workforce shrunk more than 6 percent overall during the initial eight months of the Trump administration, but that figure masks significantly higher departure rates in critical areas of the country’s diplomatic apparatus.
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YouthCommentary: Saudi youth not above starting from “zero”
A growing number of young Saudis are now publicly expressing their pride in starting from “zero” and paying their dues, saying it fills them with a sense of honor.
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IranGroup: Iran sentences American art dealer, wife to prison
Iran has sentenced an Iranian-American art dealer and his wife to prison under a little-used law that can target dual nationals, a New York-based rights group said Wednesday, alleging their faith and Western ties made them the target of hard-liners.
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ArtCrown Prince Mohammed adds art, Silicon Valley and movies to his Saudi reforms as Wahabi influence wanes
Within the Kingdom, the Misk Art Institute, which is aimed above all at the young, intends to become Saudi Arabia’s “leading platform for grassroots cultural production, diplomacy and exchange”, bringing focus and training to the art scene that has developed almost spontaneously over the past 15 years
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Women in the Arts‘Connected To The Whole Universe’: Saudi Women Artists Show Their Work In The U.S.
"Not everything in Saudi Arabia is black and white," says photographer Dina Alhamrani, one of 11 Saudi artists whose work is featured in an exhibition this week at the Saudi Embassy in Washington, D.C. The exhibition, called "Women's Point of View," features the creations of students and recent graduates in visual communications from Jeddah's all-female Dar al-Hekma University.
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UN Envoy to YemenBritish mediator Martin Griffiths ‘appointed new UN envoy to Yemen’
UN Yemen mediator Ismail Ould Cheikh Ahmed will step down when his current contract finishes at the end of February after nearly three years in the job, UN spokesman Stephane Dujarric said on Monday.
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Solar PowerParticle receivers to get first commercial trial—in Saudi Arabia
A new solar technology is twice as efficient, cutting the cost of solar thermal energy, by raising operating temperatures to 1,000°C, almost twice the 565°C molten salt temperature in current concentrated solar power (CSP) tower plants.
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U.S. Department of StateTrump names David Shenker new Middle East head at State Department
DEBKAfile’s Washington sources report that Shenker, a friend of Israel and expert on Syria, Lebanon, Hizballah, Jordan and Islamist terror, is a former senior adviser to Donald Rumsfeld, when he served as defense secretary in the George W. Bush administration.
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EntertainmentAs Saudi Arabia relaxes its controls on culture and entertainment, artists dream — and worry
The government of this ultraconservative kingdom has lately become a tireless patron of the arts, sponsoring concerts by Western performers such as New Age artist Yanni and promoting comic festivals and book fairs. Cinemas, banned for decades, are set to open soon.
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