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Saudi Arabia Moves Closer to $1 Billion stake in a Pakistani mine – Report
Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a Pakistan mine controlled by Barrick Gold Corp., people with knowledge of the matter told Bloomberg.
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Saudi Arabia Fares Well in 2024 Kearney FDI Confidence Index
Ongoing economic and business-related reforms helped the United Arab Emirates and Saudi Arabia post the biggest jumps in Kearney’s 2024 Foreign Direct Investment Confidence Index. The countries climbed ten spots from 2023, to eighth for the UAE and 14th for Saudi Arabia.
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Saudi defense minister receives phone call from US counterpart; Kingdom denies role in shooting down Iranian attack
Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin, according to reports.
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Dr. William Greene, CIO of the Hevolution Foundation, joins The 966 to talk latest investments, strategy for Hevolution
William Greene, MD, Chief Investment Officer (CIO) of the Hevolution Foundation, joins The 966 to talk about Hevolution’s investment strategy and role as an investor in the emerging field of Healthspan Science. As CIO, Dr. Greene oversees all aspects of Hevolution Foundation’s investment strategy, planning, analysis, and execution.
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Halo Space to test Balloon Flight from Saudi
Spanish company Halo Space is in talks with Saudi regulators to set up a base in the kingdom for balloon flights into space. Ongoing tests are planned for Saudi Arabia this summer.
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Saudi Arabia Gets First Cannes Official Selection Slot With Drama ‘Norah’
Saudi Arabia has landed its first film in the Cannes Film Festival official selection with “Norah,” a drama by pioneering director Tawfik Alzaidi set in 1990s Saudi, according to reports.
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MBS’ True Legacy
Writing in Al-Arabiya, Richard Wilson, SUSTG president and The 966 Co-host, points out the fundamental (rather than flashy) changes that represent Crown Prince Mohammed Bin Salman’s true legacy.
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U.S. Ambassador Michael Ratney joins The 966 for a truly informative Episode #127
U.S. Ambassador Michael Ratney shares his insights with The 966 in a wide-ranging conversation with Richard Wilson. Just over one year in his position, Amb. Ratney offers his perspective on change in Saudi Arabia and an evolving U.S.-Saudi relationship.
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Eid Mubarak 2024
Wishing all peace and serenity on this blessed occasion.
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Saudi Arabia’s Ambassador to the U.N. to Chair Historic Commission on the Status of Women
The United Nations Commission on the Status of Women (CSW) unanimously decided to choose Saudi Arabia to chair the 69th session of the commission during the year 2025, according to reports.
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MUST-READS
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Marriott Releases Lawrence of Arabia-Inspired Campaign in Saudi
Marriott International has dressed one of its top general managers as Lawrence of Arabia to promote its new resort along the Red Sea. Nujuma, A Ritz-Carlton Reserve is expected to be the most expensive hotel ever operated in Saudi Arabia – commanding rates of more than $3,400 a night when it opens on May 26. In a new promotional video, multi-property general manager Tony Coveney is seen crossing the desert and collapsing on the beach with a “newfound identity as a sheikh” to the main theme of Lawrence of Arabia – a historic epic based on the life of Thomas Edward Lawrence, which was once banned across Arab countries.
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Scenario-mapping: Iranian conservative media think out Israel’s next steps
Amid anticipation of Israeli reprisals for Iran’s Apr. 14 attack on military sites in Israel, Iranian media is rife with speculations about possible scenarios ahead. Speaking to pro-reform Sharq daily, controversial pundit and retired professor Sadeq Zibakalam said it would be unwise not to get prepared for the worst-case scenario, referring to all-out war. Reviled by hardliners, Zibakalam has come under sharp criticism from conservatives in recent days over his warnings about major threats ahead.
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Amid threat of war, Iran faces public backlash over hijab crackdown
Iran has renewed a push to impose the mandatory Islamic dress code. The move follows a call by Supreme Leader Ayatollah Ali Khamenei for hijab regulations to be respected. In the aftermath of nationwide anti-establishment protests in 2022, a rising number of women have abandoned headscarves. The current crackdown has prompted strong criticism on Iranian social media, reviving the battle of wills between the state and much of society over obligatory hijab.
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Saudi Arabia Seeks Data Law Balance: Streamlining Business While Upholding International Standards
Saudi Arabia's Proposed amendments to its Data Protection Law (DPL) could significantly impact international companies operating in the region. These changes focus on streamlining the process of transferring personal data outside the country, potentially offering greater flexibility and cost savings for businesses.
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Hiba Husseini: Peacemaking After Oslo
Hiba Husseini is a Ramallah-based lawyer who lives in Jerusalem. She served as a legal advisor to Palestinian peace negotiators for 30 years. About a year ago, she and longtime Israeli peace negotiator Yossi Beilin released a plan called the Holy Land Confederation, which seeks to lay the groundwork for a two-state solution to the Palestinian-Israeli conflict.
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Perspective: Israel Exposes the Contradictions in Biden’s Foreign Policy
The main non sequitur at issue concerned Biden’s dual message to Israel following this weekend’s massive barrage of drones and missiles from Iran. Part I says that American support for Israel is, and will forever remain, “ironclad.” Part II qualifies that the US is determined to “prevent escalation,” meaning a wider regional or even global war. That second aspect requires leaning on Israel to show restraint in its retaliation. But which of the two parts has priority?
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Iran Attack on Israel: Implications and Oil Market Concerns
Iran and Israel are now officially out of the shadow war, which was becoming more and more open, especially as the Houthis increased their ability to target Israeli territory with drones and missiles since February.[5] The long-standing threat of Hezbollah on the northern Israeli border has been somewhat contained in a pattern of retaliatory rocket strikes, but may be expanding.[6] Hezbollah leadership and the US government are communicating indirectly and more frequently, such that the White House was successful in discouraging Israel to directly attack Hezbollah forces in Lebanon shortly after October 7.[7] The daylight between US and Israeli policy toward Lebanon is increasing. The Biden administration does not want to see an Israeli war in Lebanon, but Israel may calculate that now is the best time to both attack Iranian interests and settle its threat on the northern border.
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Saudi Arabia poised to become clean netting jurisdiction
Saudi Arabia is set to become the final G20 country to implement close-out netting legislation, with the Gulf state’s central bank having recently finalised new rules. The draft regulation on netting agreements and collateral arrangements sets out that netting is permitted once bankruptcy procedures have commenced and is broadly aligned with the International Swaps and Derivatives Association’s model netting law.
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Flooded UAE counts cost of epic rainstorm, airport still facing disruptions
Emergency workers tried to clear waterclogged roads and people assessed the damage to homes and businesses on Thursday after a rare and epic rainstorm swamped the United Arab Emirates.Dubai International Airport, a major travel hub, struggled to clear a backlog of flights and many roads were still flooded in the aftermath of Tuesday's deluge.The rains were the heaviest experienced by the Gulf state in the 75 years that records have been kept. They brought much of the country to a standstill and caused significant damage.
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UAE cloud seeding did not take place during heavy rains, says NCM: Reports
The UAE weather bureau has denied claims that its cloud seeding program was responsible for the recent heavy rainfall that caused widespread flooding in the country. The National Centre of Meteorology (NCM) confirmed on Wednesday that no cloud seeding missions were conducted during the torrential rain on Tuesday, according to local reports.
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