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The 966, Episode 10 – A World’s Fair in Riyadh, Excavating Al-Ula, and will Saudi Arabia Produce Cars Soon?
This week on The 966 Episode 10, the hosts discuss how Saudi Arabia is in talks with several carmakers about manufacturing in the Kingdom’s borders. Also, a team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of […]
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Saudi Economy Surges as Non-Oil PMI Rises to Highest Since 2015 – Jadwa Investment
Saudi Arabia’s economy continued to gather significant momentum as nearly every recent measurement or data point available pointed to an expanding economy. In Jadwa Investment’s recent Chartbook for Saudi Arabia for the month of November, which uses data largely from September, non-oil PMI rebounded significantly rising to 58.6, the highest reading since 2015, supported by improving business […]
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The 966, Episode 9 – Net-Zero for Saudi Arabia, The FII in its 5th Year, and Tourism in the Kingdom
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?
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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Crown Prince Announces Launch of New National Investment Strategy to Attract FDI
Saudi Crown Prince Mohammed bin Salman gave details of a new investment strategy, called the National Investment Strategy, on Monday that aims to raise net foreign direct investment to 388 billon riyals ($103.45 billion) annually, the state news agency (SPA) reported.
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Biden Administration Welcomes Saudi Engagement with Iran, Talks Still in ‘Exploratory Phase’
The U.S. said it welcomes the news of direct communication between Saudi Arabia and Iran, Jennifer Gavito, deputy assistant secretary for Iran and Iraq at the State Department’s Bureau of Near Eastern Affairs, told CNBC’s Dan Murphy in Dubai.
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Saudi Arabia Celebrates 91st National Day in Kingdom with Patriotic Airshows, Events and Fireworks
Saudi Arabia is celebrating its 91st Saudi National Day today, marking the formation of the modern-day Kingdom with the unification of the Nejd and Hejaz by King Abdulaziz Al-Saud in 1932. The Kingdom’s version of the 4th of July will be celebrated this year under the slogan “A Home for Us.”
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U.S. State Department Approves Potential $500 Million Saudi Maintenance Deal
The U.S. State Department has approved a potential agreement covering up to $500 million in military support services for Saudi Arabia, the first since President Biden took office on January 20. The agreement has been sent to Congress for review, the Pentagon said on Thursday.
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In Interview, Prince Turki Al-Faisal Calls for U.S. Reassurances, Renewed American Commitment to Kingdom
Saudi Arabia’s Prince Turki al-Faisal Al-Saud, the former intelligence chief for Saudi Arabia, has called on the United States to show a renewed commitment to Saudi Arabia’s security and the U.S.-Saudi partnership in comments to CNBC published today. One of the ways the United States could show that commitment is ensuring American defense equipment in […]
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8 Reportedly Injured in Houthi Terrorist Drone Attack at Abha International Airport
At least eight people were wounded on Monday in Houthi terrorist drone strikes on Saudi Arabia’s Abha International Airport, Reuters reports, citing local sources and news outlets. The terrorist attack also also damaged a civilian airplane, Saudi state TV reported.
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MUST-READS
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What’s happening to the world income distribution? The elephant chart revisited
n 2013, Christoph Lakner and Branko Milanovic published a graph—quickly dubbed the “elephant chart”—that depicts changes in income distribution across the world between 1988 and 2008.
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Commentary: Will the U.S. Ever Switch From Cyber Defense to Offense?
Ransomware was delivered to selected client systems inside the Atlanta municipal network, encrypting computers and demanding a ransom for the keys to unlock them. It was allegedly sent by a known hacker group that has pulled off similar ransom schemes against municipalities worldwide.
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Opinion: Who Is a Turk? It’s Complicated
Earlier this year, Turkey opened its closely guarded population register, a monumental archive of lineages going back to Ottoman times. A website that gives access to all public services in Turkey now includes a genealogy tab. Users can download ancestry documents, with records going as far back as 1882.
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Is Peace on the Horizon for Afghanistan?
An offer of talks by the Ghani government was met with silence from the Taliban. That, in itself, could be a good sign.
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Perspective: Was the Arab Spring a black-swan event?
The Arab Spring surely satisfies the three criteria for a black swan event: surprising, historically consequential, and rationalized by hindsight.
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Is Saudi Arabia Ready for Runway Fashion Shows?
“Since the initial announcement made in February, Arab Fashion Week Riyadh has garnered significant interest from international guests wanting to attend,” said Layla Issa Abuzaid, the country director for Saudi Arabia at the Arab Fashion Council, the Dubai nonprofit responsible for the event.
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Is Trump Ready to Dump Pakistan?
Previous U.S. presidents tried and failed to persuade Pakistan to rein in the Taliban and the Haqqani militants on the Afghan border. Now President Donald Trump faces the same challenge, and officials inside his administration are debating how far to press Pakistan.
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Perspective: Can Mohammed bin Salman really save Saudi Arabia?
MBS fits the model of the west’s favourite partners in the Middle East: regime reformists, who promise change but not too much of it. Here is an apparently anti-establishment leader who hails from the very heart of the establishment.
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What Is the Future of the Energy Sector?
The energy industry is being reshaped by major forces, including decentralization, digitization, shifting demand and prices, and greater sustainability as a public policy issue.
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Ukraine Is Building a Spaceplane for…Saudi Arabia?
In a presentation earlier this year, Ukrainian space company KB Yuzhnoye made a splash by unexpectedly revealing an exotic shuttle-like space vehicle. The presentation shows a bullet-shaped design that looks more like a plane than a traditional rocket—and unlike anything seen from the famous Ukrainian rocket makers before.
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