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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.
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New Rules Build on Saudi Efforts to Eliminate Use of Islamic Charities for Extremist Funding
New rules from the Saudi government have been put in place to make it harder for charities in Saudi Arabia to become donators to extremists causes both inside and outside of the Kingdom, according to a report. The Saudi Public Prosecution has banned the establishment of private websites to collect donations for charitable work outside the kingdom, in […]
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In Speech, Head of Yemen’s New Presidential Council Rashad Al-Alimi Pledges Peace
The head of Yemen’s new presidential council Rashad Al-Alimi said on Friday he would end the war with a commitment to a peace process, in his first speech since power was delegated to the body by the Saudi-backed president this week, according to Reuters.
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Venture capitalist Amjad Ahmad joins The 966 to talk about Saudi Arabia’s startup ecosystem
The Kingdom’s nascent startup ecosystem is growing in nearly every metric, but is still in its early stages. How can Saudi Arabia continue to develop it so that it stands on its own? Amjad Ahmad, managing partner of the VC firm Precinct Partners and director and resident senior fellow of empowerME at the Atlantic Council’s […]
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President Biden Praises Saudi Efforts Toward Peace in Yemen; Two-Month Ceasefire Begins
A UN-brokered two-month ceasefire in Yemen began on Sunday with warring parties agreeing to avoid conflict as the Holy Month of Ramadan begins, with President Biden praising Saudi Arabia’s diplomatic efforts in a statement.
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Saudi Arabia Qualifies for the World Cup in Qatar after Australia Loss
Saudi Arabia has qualified for the World Cup in Qatar from Asia Group B after Australia lost to Japan 2-0 in Sydney, according to the Associated Press. With that win, Japan was on top of the group with 21 points, two ahead of Saudi Arabia before it faced China later Thursday.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Saudi Women Cheer Kingdom’s New Personal Status Law
Saudi Arabia’s new personal status law which will further empower Saudi women will be enacted within 90 days, Saudi Arabia’s Crown Prince Mohammed bin Salman said, noting that it was “comprehensive in addressing all the problems that the family and women were suffering from.”
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Latest Jadwa Chartbook: Saudi Investors Unfazed So Far on Russian Invasion; Consumer Spending Climbs
The latest edition of the monthly chartbook from Jadwa Investment found some encouraging data points on the Saudi economy, as observers of the Kingdom look for a strong year of growth in 2022.
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The Saudi Games 2022, air pollution’s cost, and King Salman’s pivotal role in Saudi history with guest David Rundell
David Rundell, author of Vision or Mirage: Saudi Arabia at the Crossroads joins this week for Episode 26 of The 966. The hosts and David talk about the Saudi Games 2022, the cost of air pollution in the “MENA region,” then discuss the important role of King Salman in the history of Saudi Arabia and […]
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MUST-READS
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Tabby plans to go public on Saudi market in 2026
Fintech services provider Tabby plans offer shares to the public in Saudi Arabia in late 2025 or 2026, General Manager Abdulaziz Saja told Argaam on the sidelines of the 24 Fintech Conference.
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Saudi Arabia slams Israeli statements regarding Philadelphi Corridor
The Ministry of Foreign Affairs expressed the Kingdom’s strong condemnation and denunciation of the Israeli statements regarding the Philadelphi Corridor, and the futile attempts to justify the continued Israeli violations of international laws and norms. In a statement carried by the Saudi Press Agency, the ministry vowed its solidarity and support for Egypt in the face of these Israeli allegations.
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US charges Hamas leaders over Oct. 7 attack on Israel
The United States announced criminal charges on Tuesday against Hamas' top leaders over their roles in planning, supporting and perpetrating the deadly Oct. 7 attack in southern Israel. The charges against Yahya Sinwar, the militant group's chief, and at least five others accuse them of orchestrating the Oct. 7 attack, which killed 1,200 people, including more than 40 Americans. That attack triggered an Israeli assault on Gaza that has killed more than 40,800 Palestinians and laid waste to much of the territory.
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UN officials welcome progress in Gaza polio campaign, call for permanent ceasefire
The main United Nations agency for Palestinians said on Wednesday it was making good progress in rolling out a polio vaccine to children in Gaza, but called for a permanent ceasefire in the 11-month war to ease humanitarian suffering. UNRWA said that three days into the campaign in areas of central Gaza around 187,000 children have received the vaccine. The campaign will move to other areas of the enclave in the second stage.
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Opinion: Saudi marriages outside the clan have a profound effect on the Kingdom’s society
To westerners, marriages in the Muslim world are commonly perceived to be “arranged”, but that is a slight mischaracterisation because in a truly arranged marriage, the prospective husband and wife have zero input into the decision. In countries such as Saudi Arabia, a more accurate description is “family-mediated” or “family-facilitated” nuptials.
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Asia and the Middle East Lead the Skyscraper Race
Saudi Arabia is planning to build a two-kilometer-high skyscraper on a site north of the capital city of Riyadh. If completed, it will be the world’s highest building. According to architecture and design magazine Dezeen, UK studio Foster + Partners is the primary architecture firm on the proposal. As it stands, the Burj Khalifa is the tallest building worldwide at 828 meters (2,717ft). Based in Dubai, the UAE, the 163-stored building was completed in 2010. In second place comes the Merdeka 118 in Kuala Lumpur, Malaysia at 679 m (2,227 ft), followed by the Shanghai Tower in Shanghai, China at 632 m (2,073 ft)
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As Iran threatens Israel, the danger of Tehran’s long-vaunted missile program remains in question
As Iran threatens to attack Israel over the assassination of a Hamas leader in the Iranian capital, its long-vaunted missile program offers one of the few ways for Tehran to strike back directly, but questions loom over just how much of a danger it poses.
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Ronnie O’Sullivan gives honest feelings on Saudi Arabia Masters in traditional attire
Ronnie O'Sullivan has branded the inaugural Saudi Arabia Masters 'the best event on tour' after paying tribute to the organisers. The snooker legend has been blown away by the facilities in Riyadh and insisted that the Saudis have set a new standard on the professional circuit.
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Jeddah assumes Saudi Arabia Formula E hosting duties for 2025
The Jeddah E-Prix will make its mark on the Season 11 FIA Formula E World Championship calendar, assuming hosting duties from Diriyah. Diriyah has enjoyed six seasons of hosting Formula E action, but on 14-15 February 2025, the all-electric single-seater series will move to the Red Sea Coast to race on the revised Jeddah Corniche Short Circuit.
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Saudi project clears 1,047 Houthi mines in Yemen
Ousama Al-Gosaibi, the initiative’s managing director, said a total of 457,711 mines had been cleared since its inception in 2018. The explosives were planted indiscriminately and posed a threat to civilians, including children, women and the elderly.
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