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Saudi Arabia Eyes Hosting Olympics as ‘Ultimate Goal’ of Growing Sports Portfolio
Fresh off of hosting the boxing heavyweight title fight in Jeddah this weekend, Sports Minister Prince Abdulaziz bin Turki Al-Faisal stated that Saudi Arabia has the “ultimate goal” of hosting the Olympics while it continues to develop a local sports industry and attract international events, according to an interview with the AFP and reported in Al […]
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Deputy Minister of Investment for Saudi Arabia Dr. Saad Alshahrani joins The 966, The IMF’s report on Saudi’s economy, and much more
Episode 58! Dr. Saad Alshahrani, Deputy Minister for economic affairs and investment studies at Saudi Arabia’s Ministry of Investment joins The 966 to talk about the Saudi economy, investment opportunities, and reforms in the Kingdom. Dr. Saad also shares his story of studying in the U.S. and journey to becoming a deputy minister. Before the […]
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Saudi Arabia Announces New Permit Requirement for Content Creators, Social Media Influencers
Saudi Arabia will require all social media users and content creators who are monetizing their posts and stories to apply for and receive a permit from the Kingdom’s General Commission for Audiovisual Media (GCAM), a report in Arab News said.
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Saudi Arabia’s Economy Expanded 11.8% in the Second Quarter; Non-Oil PMI Rises to 8-Month High — Jadwa Investment
Saudi Arabia’s economy expanded 11.8% in the second quarter of 2022, Bloomberg reports, maintaining the fastest pace of growth since 2011 as oil prices boost the Kingdom’s economy. Beyond oil, however, Saudi Arabia is seeing positive signs in the non-oil economy as the Kingdom continues apace with economic reforms as part of the Kingdom’s Vision 2030.
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A Special Edition of The 966: Reviewing President Biden’s Visit to Saudi Arabia with Jon Alterman, David Des Roches, and Hussein Ibish
A very special edition of The 966 for Episode 53: The 966 has lined up three experts to discuss their reactions to President Biden’s visit to Israel and Saudi Arabia and a renewed U.S. focus on the Middle East region. Hussein Ibish, columnist for Bloomberg, Dr. Jon Alterman from the Center for Strategic and International […]
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Saudi Arabia’s Ports Cargo Volume Jumps in June
Saudi Arabia’s ports witnessed a 16.1 percent increase in cargo throughput volumes in June 2022 compared to the same period a year before, according to a report in Arab News, citing the latest release by the Saudi Ports Authority, also known as Mawani.
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Saudi Crown Prince Mohammed bin Salman Heads to Turkey after Visiting Jordan, Egypt
Saudi Crown Prince Mohammed bin Salman landed in Turkey for the first time in several years on Wednesday for talks with President Erdogan, after visiting neighboring Egypt and Jordan as part of a regional tour, Reuters reports.
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Leaked Image Appears to Show Lucid Motors First Saudi Showroom in Riyadh
U.S.-based Lucid Motors appears poised to open its first showroom in Riyadh, a photo published on an EV-focused news site confirms.
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Saudi Arabia is ‘Experiencing a Housing and Mortgage Boom’ as Vision 2030 Reform Efforts Drive Progress
Saudi Arabia is “experiencing a housing and mortgage boom, reflecting a government drive to boost home ownership as part of efforts to shake up the oil kingdom’s economy and its ultraconservative society,” the Financial Times reports.
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Report: Kingdom to Use Some Oil Windfall on Boosting Private Sector
Saudi Arabia’s minister of economy and planning Faisal Alibrahim said the Kingdom will use this year’s oil windfall to accelerate the economy’s diversification from fossil fuels, Bloomberg reports.
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Saudi Fund for Development Celebrates 50 Years of Global Impact with Over $20 Billion in Development Contributions
The Saudi Fund for Development (SFD) celebrated its 50th anniversary in Riyadh today, under the theme "50 Years of Global Impact." The event brought together key development partners to reflect on the SFD’s significant contributions to sustainable development worldwide. Over the past five decades, the SFD has allocated over $20 billion, financing more than 800 development projects and programs in vital sectors, including social infrastructure (education, healthcare, water and sewage, and housing and urban development), communication and transportation (roads, railways, airports and seaports), energy, agriculture, mining and industry, and others.
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King Salman reconstitutes Shoura Council and Council of Senior Scholars
Saudi Arabia's Grand Mufti Sheikh Abdul Aziz Al-Sheikh has been reappointed chairman of the Council of Senior Scholars while Sheikh Abdullah Al-Sheikh was reinstated as speaker of the Shoura Council, the Saudi Press Agency reported. Mishaal Al-Salami was re-named deputy speaker of Shoura Council while Dr. Hanan Al-Ahmadi was re-appointed assistant speaker. The 150-member Shoura Council has been reconstituted for a period of four years effective from Friday, Rabi Al-Awwal 3, 1446, corresponding to Sept. 6, 2024.
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Yemen’s STC steps up effort to achieve global recognition
The Southern Transitional Council (STC) is the most organized fighting force in the south of Yemen. Following the onset of the Ansarullah movement’s attacks on commercial shipping, starting in Nov. 2023, the STC has been actively positioning itself on the global stage as a disciplined defender against the group—better known as the Houthis—and as a key player in securing the Red Sea and the Gulf of Aden.
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Netanyahu pushes back against new pressure over Gaza and hostages: ‘No one will preach to me’
Israeli Prime Minister Benjamin Netanyahu on Monday pushed back against a new wave of pressure to reach a cease-fire deal in Gaza after hundreds of thousands of Israelis protested and went on strike and U.S. President Joe Biden said he needed to do more after nearly 11 months of fighting.
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Saudi’s New Railways Law Further Enhances the Kingdom’s Rail Infrastructure Projects
The Kingdom recently published its new Railways Law, which took effect this summer and is designed to support the large pipeline of cross-country, inner-city, and inter-city rail infrastructure projects. The Transport General Authority (TGA) is due to publish the implementing regulations to the new Railways Law imminently.
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When does the Saudi Pro League transfer window end and can Premier League clubs still sell to the Middle East?
The window is set to slam shut on Monday, September 2, which is five days fewer than the 2023 summer window, which closed on September 7. Couple this with the fact the Premier League transfer window closed earlier on Friday, August 30, and you have an interesting situation.
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NEO, a new mobile banking brand, is being launched in Saudi Arabia by Saudi National Bank (SNB).
Described as a “lifestyle digital banking and financial ecosystem”, the banking app comes with a multi-currency debit card (supporting up to 20 different currencies with fixed currency rates); a rewards programme, including cashback and discounts; gift cards; and additional services such as cinema, restaurant and hotel bookings.
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TNS striker Young makes Saudi Arabia move
The New Saints striker Brad Young, Welsh football’s leading goalscorer last season, has signed for Saudi Pro League club Al-Orobah for a £190,000 fee. Young, 21, was the Cymru Premier's golden boot winner for 2023-24 after his 22 goals helped TNS to the Welsh double.
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Saudi Heritage Commission launches Al-Yamama Archaeological Project in Riyadh
The Saudi Press Agency (SPA) reported on Monday that the Commission will conduct various archaeological surveys and excavations in Riyadh during 2024-2028. A detailed study of Riyadh, along Wadi Hanifah, and surrounding areas will be part of the project.
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ACWA Power locks in funds for 5.5 GW of solar in Saudi Arabia
ACWA Power Co (TADAWUL:2082) has secured SAR 9.7 billion (USD 2.6bn/EUR 2.33bn) in financing from a consortium of local and international banks for the construction of three large-scale solar power plants in Saudi Arabia with a combined capacity of 5.5 GW.
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