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Saudi Arabia Launches Astronaut Program with Plans for First Female Astronaut, SPA Says
Saudi Arabia has launched an astronaut program, the state news agency SPA reported on Thursday, with the first journey to space set for 2023 carrying the country’s first female astronaut.
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Global migration trends, big cat conservation in Saudi Arabia, the new Saudi companies law and more!
Episode 59! The hosts talk about a newly-released and interesting UN report on global migration trends, big cat and other endangered species conservation in Saudi Arabia, and much more in the program’s finishing Yallah! segment. Programming note: The 966 will return next week with a featured interview, then be back in full swing as September […]
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The music industry in Saudi Arabia and more with Ahmed Shawly and Mostafa Fahmy from Jeddah’s ‘Wall of Sound’ Record Label
Episode 56! The 966 welcomes Ahmed Shawly and Mostafa Fahmy from the Jeddah-based Wall of Sound record label and recording studio to talk about the young and growing music industry in Saudi Arabia, their entrepreneurial journey building the business from the ground up in a new industry with a blend of established and new, indie […]
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Saudi Technology Ventures Report Sees 45 New MENA Unicorns in the Next Eight Years
The MENA region is set to witness the birth of more than 45 unicorns in the next eight years, with an estimated total equity value to reach more than $100 billion, according to a new Saudi Technology Ventures (STV) report.
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Saudi Ministry of Investment Releases Q2 Investment Highlights Report; 49 Closed Investment Deals Worth More Than $925m Inked
Saudi Arabia’s Ministry of Investment (MISA) released its 2Q 2022 Investment Highlights report, which touts over $925 million in investment deals in the second quarter of this year.
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Eyad Albayouk from Flat6Labs talks Saudi VC and KSA’s startup ecosystem, reacting to the unveiling of The Line at NEOM and more
Episode 54! The 966 talks with Eyad Albayouk from the VC firm Flat6Labs KSA. Eyad chats with us about Saudi Arabia’s growing startup ecosystem and entrepreneurship in the Kingdom, and the state of Saudi VC in 2022 as the Kingdom ramps up Vision 2030 execution. Before the interview, the hosts discuss the recently announced megaproject, […]
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Saudi Oil Exports Jump 106% Year-on-Year to Over $30 Billion in May 2022; US Sees Room for More Saudi, UAE Production
Saudi Arabia’s oil exports jumped 106 percent, reaching SR116 billion ($30 billion) during the month of May 2022 while compared to the same period last year, according to the latest report published by the General Authority for Statistics (GASTAT), released on Monday.
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Report: Saudi Arabia Plans Air Cargo Roadshows to Boost Distribution, Logistics Sector
Saudi Arabia plans to stage a number of roadshows in the next 12 to 18 months “as it seeks to persuade the likes of Amazon.com Inc., Alibaba Group Holding Ltd. and Deutsche Post AG’s DHL to help scale up air-cargo and distribution operations,” Bloomberg reports.
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Saudi Arabia’s King Salman Allocates $5.3 Billion in Inflation Relief Aid
Saudi King Salman bin Abdulaziz Al Saud issued a royal decree this week ordering the allocation of SR20 billion ($5.33 billion) in financial support to tackle the effects of the rising global prices and inflation.
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United Nations Recognizes Saudi Arabia’s Tawakkalna App with Public Service Award for 2022
Saudi Arabia’s game-changing Tawakkalna app has been awarded the United Nations Public Service Award 2022 for institutional resilience and innovative responses to the COVID-19 pandemic, Arab News and the Saudi Press Agency reported. The award was given to Dr. Abdullah bin Sharaf Alghamdi, President of the Saudi Data and AI Authority (SDAIA), at an annual forum that recognizes distinguished […]
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MUST-READS
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Saudi Arabia sets strict health criteria for Haj 2025, urges vulnerable groups to postpone
The Saudi Ministry of Health recommended that individuals who are elderly (over 65), have chronic diseases, such as heart, kidney, or respiratory issues, or diabetes, have immune deficiencies, whether congenital or acquired, have cancer, are terminally ill, are pregnant, or are children under 12 should consider postponing their Haj and Umrah pilgrimage this year.
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The path to 2060: Saudi Arabia’s long-term pathway for GHG emission reduction
Saudi Arabia, as part of its Saudi Green Initiative, has announced its goal to achieve net zero green-house gas emissions by 2060. This ambitious target underscores the nation's dedication to addressing climate change. However, there is a significant gap in comprehensive analysis regarding the long-term effects of Saudi Arabia's climate policies and their collective contribution towards the net-zero objective.
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Saudi Arabia at 94: How the kingdom rewrote the rules of innovation
This policy has helped turn the kingdom into a major tourist hub in the region, harnessed new markets overseas especially in Africa for Saudi exports, attracted efficiency-seeking investors from all over the world, adopted low-carbon technologies and strategies in its oil industry, as well as it is developing a large manufacturing base under the slogan of ‘Made in Saudi.’
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BlackRock Deal Showcases Rise of Saudi Wealth Fund’s New Star
Al Humied, who is in his early forties, and Al Rumayyan, 54, go back over a decade, having previously worked together at the Saudi markets regulator. He jumped at the chance to join the PIF during the early days of its transformation without even asking questions about salary or the role, Al Rumayyan said in a 2022 interview. It was the same for Turqi Al Nowaiser, who is in his late forties and oversees international investments. “They believed in the cause, and maybe in me personally, and of course in Prince Mohammed,” Al Rumayyan said at the time.
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Saudi National Day 2024: History, celebrations and what you need to know
Saudi National Day celebrations began in all major cities across the kingdom on Friday, September 20. Celebrations include firework displays, live music and air shows across major cities while streets, schools and universities, as well as public and private spaces, will be display the green Saudi flag.
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Dreams turned into reality as Saudi Arabia turns 94
September 23rd is a date that resonates deeply with every citizen and resident, symbolizing a land rich in goodness, blessings, and generosity. This occasion arrives amidst a new reality filled with significant development initiatives that position Saudi Arabia among advanced nations, embodying growth, security, ambition, and the unwavering resolve to turn the impossible into reality.
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Saudi industrial investments soar to $400bn after expat fees waived
Investments in the Saudi industrial sector jumped 54 per cent, hitting SR1.5tn ($400bn) this year from SR992bn ($264bn) in 2019, according to a report released by the Federation of Saudi Cambers’ economic-affairs department. The analytical report addresses the impact of the state’s waiver on fees for expatriate workers in the industrial sector, an initiative introduced in 2019 and running until the end of 2025, under a recent extension decision.
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Could homegrown fashion be Saudi Arabia’s next economic driver?
As a result, fashion sales in Saudi Arabia are projected to soar by 48 percent from 2021 to 2025, reflecting a robust annual growth rate of 13 percent. This growth is fuelled by diverse factors including a rising interest in sportswear due to increased health consciousness and robust marketing efforts by global brands like Adidas and Nike.
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Iran’s Guards ban communications devices after strike on Hezbollah
Iran's elite Revolutionary Guards Corps (IRGC) has ordered all members to stop using any type of communication devices after thousands of pagers and walkie-talkies used by its Hezbollah allies in Lebanon blew up in deadly attacks last week, two senior Iranian security officials told Reuters. One of the security officials said a large-scale operation is underway by the IRGC to inspect all devices, not just communication equipment. He said most of these devices were either homemade or imported from China and Russia.
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Lebanon says Israeli airstrikes kill as least 100 people, as citizens told to evacuate
Israel unleashed its most widespread wave of airstrikes against hundreds of Hezbollah targets on Monday, killing at least 100 people by Lebanese tallies, and warned citizens to evacuate areas where it said the armed group was storing weapons. The latest attacks come amid some of the heaviest cross-border exchanges of fire in almost a year of conflict, as Israel shifts its focus to its northern border, where Hezbollah has been firing rockets into Israel in support of its ally Hamas, which is fighting a war with Israel in Gaza.
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