One year later, the professional golf world is still bitterly divided. Television ratings many weeks are down. There has been no merger and no partnership. The two tours continue to operate independently. The best players on the planet get together just four times a year. And there’s been no infusion of Saudi oil money to help reshape or bolster the PGA Tour.
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Discussing the Venture Capital ecosystem in Saudi Arabia and the MENA with investor Amjad Ahmad and much more…
- October 2,2023
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- SUSTG Team
In episode 105 of The 966, Amjad Ahmad, a leading venture capitalist and seasoned investment professional with extensive experience in VC and private equity in emerging markets, joins to discuss the VC ecosystem in Saudi Arabia, the MENA region, and globally today. In addition to over two decades of experience investing in the region, Amjad […]
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The CEO of Riyadh’s financial district, Gautam Sashittal, joins The 966 to talk about the Kingdom’s original giga-project and the city of the future
- September 22,2023
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- SUSTG Team
Gautam Sashittal, the CEO of Riyadh’s financial district that has redefined Riyadh’s skyline and is the city’s most sought-after business address and lifestyle destination, joins The 966 podcast. The district is home to many of Saudi Arabia’s largest companies and regional headquarters of international corporations doing business in the region, as well as the Kingdom’s […]
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US, Israel Deny Local Report That Saudis Freeze ‘Normalization’ Talks
- September 18,2023
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- SUSTG Team
Israeli and US officials on Monday denied a report in a Saudi-owned newspaper that Riyadh had frozen normalization talks with Israel because it refuses to make concessions to the Palestinians, Bloomberg reports.
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King Salman’s pivotal role in Saudi Arabia’s past and present with author and columnist David Rundell; plus, archaeology in Al Ula, Wa’ed’s new investment, and more…
- September 15,2023
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- SUSTG Team
Author David Rundell joins to discuss King Salman’s incredible impact on Saudi Arabia. King Salman has played an enormously pivotal role for the Kingdom of Saudi Arabia and the development of the modern Saudi state. Before the conversation, the hosts discuss an archaeology summit taking place in Al Ula this week, an interesting and exciting […]
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Inaugural AlUla World Archaeology Summit Kicks Off in Saudi Arabia with Leading Heritage Experts in Attendance
- September 13,2023
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- SUSTG Team
From Sept. 13 to 15, Saudi Arabia will host the inaugural AlUla World Archaeology Summit in the Kingdom, organized by the Royal Commission for AlUla and taking place in AlUla’s Maraya Concert Hall.
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Understanding Vision 2030’s impact on media perceptions of Saudi Arabia’s with Rawan Hashem; also, Hevolution’s rise, Tourism in KSA and much more
- September 8,2023
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- SUSTG Team
Episode 102! Rawan Hashem from the data insights firm Carma joins The 966 to discuss evolving media perspectives of Saudi Arabia and Vision 2030. Before the conversation, the hosts discuss the new organization in Saudi Arabia, called Hevolution, and its $1 billion mission to advance humanity’s fight against aging based on a recent Wall Street Journal article from this […]
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Saudi giga-projects and construction with MEED editor Colin Foreman, an update on the New Murabba and the Saudi Pro League, and more
- September 1,2023
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- SUSTG Team
Colin Foreman, journalist and editor for the Middle East Economic Digest (MEED), joins The 966 to talk about construction, giga-projects, and Saudi Arabia’s economic development. MEED is a leading resource for executives with a highly-respected publication for the MENA region. Before the conversation with Colin, the hosts discuss the latest with the Saudi Pro League […]
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New Murabba Development Company Awards Industry-Leader Bechtel with PMC Contract for Masterplan, Site-Wide Infrastructure
- August 29,2023
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- SUSTG Team
The Saudi-based, PIF-owned New Murabba Development Company has announced that Bechtel, the leading engineering and construction company, has been awarded a key contract to provide project management services for the New Murabba development in the capital Riyadh.
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Saudi Arabia’s Ades International Holding Set to List in Riyadh, May Be Kingdom’s Largest IPO in 2023
- August 28,2023
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- SUSTG Team
Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year, according to reports.
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Saudi Arabia gets a BRICS invite, a lightning strike on Mecca’s clocktower, and leading Riyadh-based architect Nadia Maqbool Al Lawatiya joins The 966
- August 25,2023
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- SUSTG Team
Nadia Maqbool Al-Lawatiya, a leading Riyadh-based architect and urban designer who is closely familiar with Salmani architecture, joins The 966 to share her journey and discuss some of the themes and thinking behind the new style emerging from Saudi Arabia. Nadia listened to a previous episode of The 966 on Salmani architecture and joins for this episode […]
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MUST-READS
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One year later, why haven’t the PGA Tour and Saudis completed a deal?
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Commentary: Are Iran and Bahrain about to restore diplomatic relations?
In this discussion about improving ties with neighboring nations, the Bahraini king was not only referring to the Gulf Cooperation Council countries or Iraq, but also openly referring to his country’s eastern neighbor, the Islamic Republic of Iran. Relations with Iran have been strained in recent years, with security and political concerns causing a diplomatic rift. King Hamad told President Putin on May 23: “We have good relations with all countries. Iran is the only one with which we will work to resolve issues and, in fact, there are no significant problems to mention.” The ruler of Bahrain expressed his wish for “progress in development, trade and overall quality of life.”
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Saudi Aramco’s $12 Billion Share Sale Quickly Sells Out, but Who is Buying?
Last week, Saudi Arabia’s energy giant Saudi Aramco (ARMCO) confirmed in a filing with the Saudi Exchange plans to sell shares in the state-owned oil company to help the kingdom fund plans to diversify the economy. Well, the sale took place on Sunday and was a resounding success with US$12 billion share sale sold out shortly after the deal opened. The deal offered ~1.545B Aramco shares, or ~0.64% of the company, within the price range of 26.70 riyals to 29 riyals. Buyers of the shares will be looking to cash in on an upcoming ~$124 billion annual payout that Bloomberg Intelligence estimates will give the shares a juicy dividend yield of 6.6%.
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Gulf IPO boom: Who’s next to go public in Saudi Arabia and UAE?
Economic diversification strategies in the UAE and Saudi Arabia, coupled with increasing investor appetite are fuelling an enduring rush of stock market listings across sectors.After a tremendous year for the Gulf in 2022, which saw 48 IPOs raise a total of over $22 billion, another 47 companies went public last year though proceeds dropped to around $10 billion, experts said.
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Iran’s allies in Iraq are firing at Israel. Could that trigger a wider war?
Iran-backed Shi'ite armed groups in Iraq have ramped up rocket and missile attacks on Israel in recent weeks, raising concerns in Washington and among some Iranian allies of potential Israeli retaliation and regional escalation should they draw blood.Though the attacks, often from hundreds of miles (kms) away, are not seen by western officials and Israeli experts as posing the same level of threat to Israel as point-blank strikes by Hamas and Hezbollah, they have increased in number and sophistication.
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Will Houthi ‘revolution’ upend Yemeni republicanism?
The first derives from the ancestors of the Houthis; the Zaydi Imams, a Shiite Islamic school of thought that governed northern Yemen for centuries. One central pillar of Zaydism is that the spiritual leader of Muslims must be a Hashemite, or a direct descendant of Prophet Muhammad. The second source of inspiration is a cornerstone of contemporary Shiite political thought known as Wilayat Al-Faqih or Guardianship of the Jurist. Entrusting a cleric with executive political power—also preferably a direct descendant of Prophet Muhammad—the Iranian state has operated under this model since the country’s 1979 Islamic Revolution.
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How Close Are We To A ‘Historic’ US-Saudi Deal?
Despite the mutual enthusiasm for the deal, Ratney would not be drawn on the exact timeline for its conclusion, warning there were many moving parts, in particular the willingness of Israel to hold up its end of the bargain. “I don’t think there’s anybody involved in these negotiations that wouldn’t like to have it finished tomorrow,” Ratney told Katie Jensen, the host of “Frankly Speaking.”
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What’s in Biden’s 3-phase plan to end the war in Gaza?
Over the weekend, an aide for Israeli Prime Minister Benjamin Netanyahu said the country had accepted a framework agreement for winding down its ongoing military campaign in Gaza, while insisting that the proposal put forth by Biden was “not a good deal” and that "there are a lot of details to be worked out." The plan arrives eight months after the Oct. 7 Hamas attacks that left an estimated 1,200 dead in Israel. Since then, over 36,000 Palestinians and more than 600 Israeli soldiers have been killed in the ongoing war, while an estimated 84 people are still being held hostage in Gaza, according to multiple news outlets.
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Will Saudi-Iranian Relations Be Affected By Raisi’s Demise?
The Saudi government took further steps by dispatching a delegation to Tehran, including Prince Mansour bin Miteb bin Abdulaziz, adviser to King Salman and minister of state, and Foreign Minister Prince Faisal bin Farhan. They were joined by Saudi Ambassador to Tehran Abdullah Al-Anazi. The delegation met with Acting Foreign Minister Ali Bagheri Kani and paid their respects to the victims of the helicopter crash.
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Saudi just got its first silent airport – can you guess where it is?
Management issued this decision based on keeping up with the best global practices applied in several international airports around the world such as in Singapore Changi International Airport, Zurich International Airport, Dubai International Airport and more. Abha International Airport will no longer announce flight details during boarding. Instead, you’ll be getting all the relevant accurate information through flight display screens.
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