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Dr. Aziz Alghashian talks Saudi-Israel relations, the Future Minerals Forum 2023, water in Saudi Arabia and much more!
In episode 70 of The 966, Dr. Aziz Alghashian joins The 966 to talk about Saudi-Israel relations in 2023, the status of the Abraham Accords, and his view on Saudi foreign policy going forward. Before the conversation with Dr. Aziz, the hosts discuss the upcoming Future Minerals Forum 2023 in Riyadh, major developments in Saudi Arabia’s […]
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Saudi Arabia’s Mineral Wealth Exceeds $1.3 Trillion, Ministry Says
Saudi Arabia’s Ministry of Industry and Mineral Resources has announced that the Kingdom’s mineral wealth is now valued in excess of $1.3 trillion, including deposits of copper, zinc, phosphates, uranium and gold, the Saudi Press Agency has reported.
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Saudi Arabia’s Tourism Ambitions in the Spotlight as WTTC 2022 Global Summit Wraps
Saudi Arabia’s tourism ambitions were in the global spotlight this week as the 22nd World Travel and Tourism Council Global Summit took place in the Saudi capital from November 28th – December 1st.
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Saudi Arabia Signs $30 Billion Worth of Investment Agreements with South Korea
South Korean and Saudi Arabian leaders signed investment agreements worth at least $30 billion with South Korean companies in a major push to strengthen ties between the two nations, according to reports.
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Prince Waleed bin Nasser Al-Saud from Saudi-based Consultancy Mukatafa, more on the U.S.-Saudi relationship, Saudi’s mining sector, and more
Episode 65! Prince Waleed Bin Nasser Al Saud joins The 966 — Prince Waleed is CEO of Mukatafa, a consultancy based in Riyadh that brings together the public and private sectors in Saudi Arabia, forming an ecosystem that enables the private, public, and third-party sectors to collaborate, integrate, and grow together as the Kingdom drives […]
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Middle East’s Largest Broadcaster, MBC Group, Taps Banks for IPO — Report
The Middle East’s biggest broadcaster, MBC Group, has tapped two top banks to work on its initial public offering in Riyadh, people familiar with the matter told Bloomberg.
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British Architecture Studio Foster + Partners Unveils Coral Reef-Like Marine Institute for Red Sea
Designs for the “world’s first fully immersive experiential marine life center” have been unveiled by British architecture studio Foster + Partners to be located on Saudi Arabia’s Red Sea coast, according to a press release from the world-renowned architecture firm.
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Manhattan, Reimagined: Saudi Arabia Applies ‘The Line’ Concept to New York City
NEOM has released a video showing what New York City and the island of Manhattan might look like if it were to be designed in the same concept as The Line, the Kingdom’s planned ultra-futuristic new city.
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KAPSARC Study: Saudi Arabia’s Economy is Expected to be 60% More Resistant to Oil Shocks by 2030
Saudi Arabia’s GDP is estimated to become 60% more resilient to oil price shocks by 2030, according to a new study by the King Abdullah Petroleum Studies and Research Center (KAPSARC).
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Saudi Arabia’s NEOM Sets Target Date of 2026 for First Production of Green Hydrogen
Saudi Arabia’s giga project NEOM will start producing as much as 650 tons per day of green hydrogen in 2026, according to comments made by the CEO of NEOM Industrial City (OXAGON) at the Saudi International Iron and Steel Conference in Riyadh.
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MUST-READS
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Saudi Wealth Fund Taps Bond Market for Fourth Time This Year
Saudi Arabia’s sovereign wealth fund tapped bond investors for the fourth time this year as it looks to finance its huge domestic investment plans. The Public Investment Fund sold a three-year sukuk in a $1.5 billion size, according to people familiar with the matter. The spread was tightened to 75 basis points over US Treasuries from an initial target of around 110 basis points. Demand was over $4.7 billion, the people said.
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Heavy rain hit the city of Jeddah in Saudi Arabia: Video
The heavy rain in Jeddah, Saudi Arabia, had a negative impact on life. There were floods on some roads due to rainfall.
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SparkLabs launches $50 million fund for Saudi AIM-X accelerator
Global early-stage venture capital firm SparkLabs Group has launched the SparkLabs AIM AI Fund with confirmed investment of $50 million, which will invest in participants in the AIM-X artificial intelligence startup programme. SparkLabs unveiled AIM-X in June, as the official AI startup programme under Saudi Arabia’s Artificial Intelligence Mission (AI.M), which aims to bolster the Kingdom's leadership in AI over the next five years. Originally announced at LEAP24 in March, AI.M was created by Saudi’s Ministry of Communications and Information Technology's National Technology Development Program (NTDP), King Abdullah University of Science and Technology (KAUST), and Saudi Data & Artificial Intelligence Authority (SDAIA).
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UAE bets big on green hydrogen, eyes global clean energy leadership, ministry official says
The UAE launched its National Hydrogen Strategy 2050 last year with the aim to become a top global hydrogen producer by 2031. The Gulf country plans to use its natural resources and energy infrastructure to build a hydrogen value chain, focusing on domestic demand and exports. By 2050, the UAE forecasts its hydrogen sectoral demand could grow fivefold to around 10.1 million tonnes per annum, supporting the country’s broader clean energy and net-zero emissions targets.
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Cristiano Ronaldo: ‘I recommend the world’ to visit Saudi Arabia’s Red Sea
“If you have to mention one romantic place – a place to be with my whole family – I will say that from some places that I visited this year, which surprised me a lot and we enjoyed so much is the Red Sea.” Ronaldo, who has visited numerous destinations worldwide, was particularly impressed by his recent trip to the Red Sea. “I recommend for all the world to visit this amazing place,” he said.
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How Telegram became the ‘center of gravity’ for a new breed of domestic terrorists
Late last month, Telegram burst into the news with another arrest related to alleged criminal activity on the giant messaging and social media platform. This time, the man in police custody was the company’s founder, Pavel Durov. French authorities detained the Russian-born billionaire after his plane touched down at an airport a few miles north of Paris.
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Red Sea Film Foundation Chief Jomana Al-Rashid on Fueling Saudi Arabia’s Cinematic Ambitions
Variety spoke to Jomana Al-Rashid, who chairs the Red Sea Film Festival International Film Foundation, about nurturing Saudi’s rapidly evolving film scene. "For us, it’s about forms of expression and good storytelling, whether it’s indie films or the more commercial films. If you have a good story then that’s something that we are going to support."
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Saudi National Day: Employees, students to enjoy long holiday
This year’s occasion will fall on a Monday and with a Friday-Saturday weekend in the Kingdom, some employees will enjoy an extended holiday with Sunday September 22 off as well. Students, according to the education ministry’s academic calendar, will also be given Sunday September 22 as a day off for the occasion.
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Saudi oil tanker Amjad was not targeted in Red Sea, owner Bahri says
Saudi shipping firm Bahri (4030.SE), opens new tab said on Tuesday its tanker Amjad was not targeted in a Red Sea attack, and that it had been spared any damage from the incident that hit another tanker that was sailing nearby. The U.S. Central Command said Yemen's Iran-backed Houthi rebels attacked two crude oil tankers - the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I - in the Red Sea on Monday with two ballistic missiles and a one-way attack uncrewed aerial system, hitting both vessels.
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Saudi Central Bank to enable Samsung Pay service in Q4 2024
SAMA explained that this step affirms its ongoing efforts to strengthen the digital payments system in the Kingdom, aligning with the Financial Sector Development Program’s (FSDP) objectives, a key initiative of Vision 2030.
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