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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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Al-Hilal’s Streak and Saudi Professional League Spending
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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Ramadan Fasting Projected to Begin March 11, Muslims Worldwide Prepare
Based on the Islamic lunar calendar, the dates for Ramadan move through the year which can result in significantly different daily fasting periods depending on where you live. Since there are 12 lunar months superimposed over 12 solar months, Ramadan “moves back” about 11 days per solar year.
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Saudi Arabia Transfers 8% of Aramco to Kingdom’s Public Investment Fund
Saudi Arabia has moved a roughly $160 billion stake in its state oil giant Aramco into its main sovereign wealth fund, the Public Investment Fund, according to a report in the Wall Street Journal.
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New Imagery Released of F1 Circuit at Forthcoming Entertainment City Qiddiya
Saudi Arabia has released computer-generated images of its planned new racing circuit in the forthcoming mega entertainment project Qiddiya, which will feature a 20-story-high elevated first corner and a swimming pool overlooking a section of track, according to reports.
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Saudi PIF, Bahraini Counterpart Mumtalakat Sign Agreement to Boost Cooperation and Investment
Saudi Arabia’s Public Investment Fund (PIF) and its Bahrani counterpart, Mumtalakat, have signed a memorandum of understanding (MoU) to expand cooperation and enable new and promising investment opportunities in Bahrain.
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Israel, Gaza, and a region with shifting power dynamics with columnist Hussein Ibish
In Episode 125, the hosts welcome veteran columnist and analyst Hussein Ibish onto The 966 for his third appearance on the program to unpack the implications of Israel’s brutal war in Gaza and the shifting regional and global power dynamics since October 7th.
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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MUST-READS
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China will be a driving force for the world economic recovery, official says
China aims to be strong driving force for the world economic recovery this year, opening its markets wider to foreign investors and promoting high quality growth, the country's top legislator Zhao Leji said on Thursday.China will make tech innovation a new point of economic growth and is willing to collaborate with other countries on it, Zhao, the chairman of the Standing Committee of the National People's Congress, said at the opening plenary of the annual gathering of the Boao Forum for Asia.
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Ireland to intervene in South Africa genocide case against Israel
Ireland said on Wednesday it would intervene in South Africa's genocide case against Israel, in the strongest signal to date of Dublin's concern about Israeli operations in Gaza since Oct. 7.Announcing the move, Foreign Minister Micheal Martin said that while it was for the World Court to decide whether genocide is being committed, he wanted to be clear that Hamas' Oct. 7 attack and what is happening in Gaza now "represents the blatant violation of international humanitarian law on a mass scale."
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Biden’s oil boom
Almost no matter the metric, the U.S. oil and gas industry has flourished under President Joe Biden, even though his administration has pushed hard to transition the U.S. economy toward a carbon-free future to fight climate change.
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New poll shows waning American support for Israel war in Gaza
A new Gallup poll shows a majority of Americans (55%) now oppose Israel’s military campaign in Gaza, while only 36% approve of it. That marks a sharp drop in support for Israel’s military campaign since its poll in November, which then found that 50% of Americans approved of Israel’s military action in Gaza, compared with 45% who disapproved.
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State Dept. human rights staffer quits over Biden’s Gaza policy
Annelle Sheline, 38, stepped down after a year as a foreign affairs officer in the Bureau of Democracy, Human Rights and Labor, with nearly half that tenure marked by the war Israel launched in response to a devastating Hamas attack on Oct. 7.
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Unemployment among Saudis down to 7.7% in Q4 2023
The unemployment rate among Saudis fell to 7.7% in the fourth quarter of 2023, compared to 8.6% in the third quarter of 2023, according to the General Authority for Statistics’ (GASTAT) labor force survey. The unemployment rate in Q4 2023 is at the lowest ever level, based on the data available since 1999. The Kingdom’s Vision 2030 targets an unemployment rate of 7%.
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The new kid on Saudi Arabia’s tourism scene
The announcement of Soudah Peaks was made through an integrated campaign titled ‘Above the Clouds’ that spanned various platforms, including a digital presence, a video showcasing the natural beauty and heritage of the region, and out-of-home advertising in key locations such as Dubai, Paris, London, New York, Geneva and Riyadh.
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Crown prince receives governors of Saudi regions
Saudi Arabia’s Crown Prince Mohammed bin Salman has received governors of the Kingdom’s regions following their 31st annual meeting, the Saudi Press Agency said early Thursday. The Crown Prince was briefed on the most prominent topics discussed at the annual meeting.
He commended the governors’ efforts to serve the country, citizens and residents, and their work to achieve comprehensive development.
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Saudi Aramco chief says world should ‘abandon fantasy’ of phasing out fossil fuels
"One of the challenges here is that while society wants to see emissions reduced, nobody wants to pay for it," Woods said. Nasser called for policies more in tune with the "real world." While alternative energy can reduce emissions, "when the world does focus on reducing emission from hydrocarbons, it achieves much better results," Nasser said.
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Iraq-Saudi engagement weathers tumultuous regional climate
Amid growing regional tensions, Iraq has sought to strengthen relations with Saudi Arabia and advance its nascent economic ties with the Kingdom. The bilateral relationship was fraught for decades, sparked by former Iraqi president Saddam Hussein’s (1979-2003) invasion of Kuwait in 1990. This situation continued for well over a decade after the 2003 US-led invasion of Iraq, when Riyadh declined to send an ambassador to Baghdad.
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