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Asset Management Firm Tiger Global, Visa Invest in UAE Fintech Company Tarabut Gateway for Saudi Expansion – Report
Payments giant Visa Inc. has made its first open banking investment in the Middle East, joining Tiger Global Management in backing UAE-based fintech firm Tarabut Gateway’s latest fundraising which outlines an expansion to Saudi Arabia, according to Bloomberg.
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Knight Frank’s Faisal Durrani joins The 966 to talk Saudi real estate, giga-projects and much more
In Episode 84, The 966 speaks with Faisal Durrani, partner and head of Middle East research for the global real estate company Knight Frank. Mr. Durrani shares some of the highlights and key information from Knight Frank’s recently-released 2023 report on real estate in Saudi Arabia, The Saudi Report 2023, a publication which touches on many […]
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Talking tech in the MENA with MEI’s Mohammed Soliman, King Salman Park in Riyadh, Saudi’s growing soccer league, and much more…
Eid Fitr Mubarak! In Episode 84, Mohammed Soliman, the director of the Middle East Institute’s Strategic Technologies and Cyber Security Program and a Manager at McLarty Associates’ Middle East and North Africa Practice, joins The 966. Mohammed’s work focuses on the intersection of technology, geopolitics, and business in the Middle East and North Africa (MENA). […]
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Iran and Saudi open embassies as thaw continues, U.S.-Saudi diplomacy evolves, and much more
In Episode 82, the 966 hosts fly solo and discuss some of the top developments of late on Saudi Arabia – and there are a lot of them. First, the hosts discuss Richard’s One Big Thing, which is the readout of the recent call between the U.S. National Security Advisor, Jake Sullivan, and Saudi Arabia’s […]
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Bilal Saab on U.S.-Saudi military cooperation, how the Kingdom is performing on its green initiative, and more
The 966 welcomes back onto the program Bilal Saab, political-military analyst on the Middle East and U.S. policy toward the region and Senior Fellow and Director of the Defense and Security Program at the Middle East Institute. The hosts ask Bilal about his recent piece, entitled “After Oil-for-Security: A Blueprint for Resetting U.S.-Saudi Security Relations.” Before […]
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Challenges Remain for Investment into Saudi Arabia as FDI Falls 60% in 2022
Foreign direct investment (FDI) into Saudi Arabia fell by almost 60% in 2022, the first annual drop in five years and the second largest drop in more than 15 years, according to new data.
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Top U.S. Commercial Officer in KSA James Golsen, U.S.-Saudi trade after the Boeing-Riyadh Airways deal, and experiencing Al-Ula
In Episode 80 of The 966 Podcast, Mr. James Golsen, Senior Commercial Officer for Saudi Arabia and Bahrain, discusses his work building U.S.-Saudi trade and business relations and his journey to the important post. The 966 hosts talk with James about his role building U.S.-Saudi trade relations and enhancing investment opportunities in Saudi Arabia. They also […]
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Saudi Arabia to Develop Key Water Projects Worth $80 Billion to Enhance Access as Growth Booms
Saudi Arabia will invest $80 billion into key water projects in the coming years to support its economic growth and provide safe and equitable access to water for all citizens and residents, according to a report.
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Understanding the Saudi-Iran agreement with a trio of special guests: Saudi Embassy Spokesperson Fahad Nazer, CSIS’ Dr. Jon Alterman, and Saudi Foreign Policy Expert Dr. Aziz Alghashian
Saudi Arabia and Iran recently agreed to normalize ties between the two regional powers after seven years. The 966 speaks with three top voices to understand the deal and the potential road ahead for Saudi Arabia, Iran, China, the United States, and other regional and global players.
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Saudi Astronauts Meet with HRH Ambassador Reema bint Bandar; Set to Conduct Cloud-Seeding Experiments in Space
Two Saudi astronauts who are heading to the International Space Station met this week with HRH Princess Reema bint Bandar Al-Saud, Saudi Arabia’s Ambassador to the United States, who shared a photo of the meeting on social media.
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MUST-READS
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Grid Bottlenecks on the Way in Europe?
A new analysis by the energy think tank Ember has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for. As the following chart shows, Spain, France and Poland are just some of the countries that will have energy grids which undershoot their country’s respective 2030 policy targets for wind and solar capacity. Out of the 26 countries studied by Ember in this comparison, 11 will not have enough capacity for the expected wind and solar build out if the present grid plans are realized.
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Explainer: Could the Palestinians become a full United Nations member?
The Palestinian Authority on Tuesday formally asked for renewed consideration by the United Nations Security Council of its 2011 application to become a full member of the world body.Palestinian U.N. envoy Riyad Mansour told Reuters on Monday that the aim was for the council to take a decision at an April 18 ministerial meeting on the Middle East, but that a vote had yet to be scheduled.Here are details on U.N. membership:
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Palestinian Mandela? Marwan Barghouti, imprisoned preacher of unity.
Serving five life sentences after being convicted by an Israeli court for involvement in militant killings in the second intifada, Mr. Barghouti remains the rare – perhaps the only – figure trusted by all Palestinian factions. With his release from Israeli prison demanded by Fatah’s rival, Hamas, and even advocated by a former Israeli spy chief, the mere possibility of Mr. Barghouti’s return to the scene is stirring up Palestinian politics, and hope, at a historic crossroads
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Israel Unleashed? A Brazen Campaign Against Iranian Targets Could Backfire
On April 1, Israel launched its latest attack on Iran in the two countries’ ongoing shadow war, with an airstrike that flattened a section of Iran’s embassy complex in Damascus and reportedly killed at least 12 people. Among the dead was Mohammad Reza Zahedi, who headed Iran’s military operations in Syria and Lebanon, where he worked for decades and became a close interlocutor with Hezbollah and its leader, Hassan Nasrallah. The strike also killed Mohammad Hadi Haji Rahimi, Zahedi’s deputy, and at least five other officers in Iran’s Islamic Revolutionary Guard Corps (IRGC).
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Israel-Gaza war updates: What is happening now, six months on?
Six months since Hamas gunmen stormed into southern Israel on a killing spree, Israel's ground campaign to annihilate the Islamist movement has turned much of the Gaza Strip into a wasteland with an unfolding humanitarian catastrophe. Mediators have been trying to organise the first extended truce of the war to rush in aid to feed the Palestinian territory's 2.3 million people and secure the release of some of the Israeli hostages still held by Hamas.
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Saudi to Dubai in an hour? Hyperloop chief sees GCC transport link as ‘possible’
Andres de Leon, chief executive of Hyperloop Transportation Technologies (Hyper-loopTT), revealed that “conversations have been had” with countries in the GCC – including the UAE and Saudi Arabia – to bring the mass transport system to the region. Plans to bring a hyperloop prototype to Northern Italy - between Venice and Padua – through a joint venture between the Italian government and private investors reignited interest in the project. That system – which aims to be the world’s first working passenger system and will propel people between cities in pods more than twice as fast as high-speed rail net-works and far more sustainably – aims to be up and running between 2028 and 2030, de Leon said
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Why are more Middle East investors seeking US property deals?
“Distressed opportunities that are starting to arise not only because some people need to sell to reimburse their investors but also for refinancing,” Fadi Moussalli, executive director and head of capital markets and international capital coverage of Mena at JLL told The National. “Today, if someone who has a loan that is maturing and is unable to secure decent debt terms … [he/she] has no choice but to sell, banks are no longer lending with the same appetite.”
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Moscow attack shows growing reach of ISIS-K. Could the US be next?
A deadly attack in Moscow on March 22, 2024, exposed the vulnerability of the Russian capital to the threat of the Islamic State group and its affiliate ISIS-K. But it also displayed the reach of the network, leading some terror experts to ponder: Could a U.S. city be next? There has not been a mass casualty assault in the U.S. carried out in the name of the Islamic State group since 2017, when a truck mowed down cyclists and pedestrians on a New York City bikeway, leaving eight dead.
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Gaza war helps Iran repair image in region—but for how long?
Israel’s assault on Gaza has in some ways proven to be a boon for Iran, furthering some of its strategic objectives and boosting its reputation in the region. In Nov. 2023, a report by the Washington Institute for Near Eastern Policy found that an average of 40% of respondents in Egypt, Iraq, Jordan, Lebanon, Palestine, and Syria said Iran’s actions have had a positive impact on the war. In Egypt and Syria, such sentiments were expressed by half of respondents.
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Does US deterrence work against Iran’s allies? Yes and no.
“What really shook them up [the militias and the Iranians] was the targeted killing of the logistics commander in Baghdad,” says Kenneth Katzman, a veteran Middle East analyst and senior fellow at The Soufan Center, a global intelligence and security consultancy in New York. The strike, he says, was proof of exceptionally precise locational intelligence. He adds that it “showed that the U.S. is willing to employ the same strategy it used on Al Qaeda and the Islamic State – a targeted killing strategy that … convinced” the militias and Iran “that Washington is going to use all elements of its intelligence and capabilities to go after them if they continue.”
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