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New Podcast Explores History Behind Greg Norman’s Saudi-Backed Quest to Shake-Up Golf
A new podcast from Golf Digest focuses on the history behind Greg Norman’s quest to shake up the sport of golf, backed by the Saudi Arabia Public Investment Fund’s LIV Golf Investments.
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Al Attiyah Keeps Sizable Lead in Dakar Rally; Saudi Officials Find ‘No Criminal Suspicions’ in Last Week’s Blast
Qatar’s Nasser Al-Attiyah kept a sizable lead going in the Dakar Rally as it enters its second week, as Sebastien Loeb moved back into second place with a stage victory at the start of week two in Saudi Arabia on Sunday, according to Reuters.
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Saudi Arabia’s Pension Fund Says it Hit Returns of 14% as it Reveals Finances for First Time – Report
The investment arm of Saudi Arabia’s General Organization for Social Insurance, the Kingdom’s pension fund, said it delivered returns of over 14% last year, as markets globally experienced strong growth, according to a report in Bloomberg.
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The 966 Episode 19: Saudi Arabia’s ‘Nitaqat’ Reforms and Doing Business in Riyadh with Guest Chris Johnson
Episode 19 of The 966 weekly podcast with special guest Chris Johnson, managing attorney, Johnson & Pump and Chairman, MECACC & KKR Saudi Arabia. Chris is a resident of Riyadh and, along with his legal work, publishes a terrific weekly newsletter. The hosts and Chris discuss a handful of topics including Nitaqat in Saudi Arabia, […]
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Saudi Arabia’s PIF to Purchase Italy’s Financially-Distressed Inter Milan FC – Report
Saudi Arabia’s Public Investment Fund (PIF) is in the final stages of acquiring a majority stake in one of Italy’s top football clubs, Inter Milan, according to reports.
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Saudi Energy Minister Warns of ‘Dangerous’ Energy Crises with Reduced Investment in Production
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman al-Saud said on Monday that oil markets could face a dangerous period marked by undersupply and volatility if the world reduces investments in exploration and drilling, according to reports.
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Saudi Government Reacts to Potential Omicron Variant Threat, Blocks Travel from 18 Countries
Saudi Arabia, whose proactive and comprehensive response to the Coronavirus pandemic that started in 2020 placed the Kingdom in an enviable position globally as new daily cases remain under 100 since September, is taking initial precautionary measures to the new potential threat of the Omicron variant, according to reports.
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Saudi Approach to Pandemic a ‘Model to the World’; Challenges and Opportunities in Kingdom’s Healthcare Sector
Saudi Arabia has all but defeated the Coronavirus pandemic within its borders. New cases in Saudi Arabia have remained below the 100 mark since mid-September, making the Kingdom the envy of most other countries who are struggling to keep the virus under control. A new report from Jadwa Investment highlights how Saudi Arabia’s approach to dealing […]
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The 966 E12: The Price of Oil in 2022, Redefining Saudi Citizenship, and Two New Mega-Developments in Saudi Arabia
In Episode 12 of The 966, the hosts tackle a recent oil price prediction from the IEA, a new Saudi Royal Decree that grants citizenship to “exceptional” people, and discuss the two newly announced mega-developments in Saudi Arabia and how they stack in comparison to the other mega- and giga-projects in the Kingdom.
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Saudi Arabia Turns on the Taps: Crude Exports Rise for 5th Straight Month
Saudi Arabia continues to ratchet up crude oil exports to meet demand as prices rise, with exports rising in September for a fifth month in a row to their highest since January, Reuters reports, citing the Joint Organization Data Initiative (JODI).
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MUST-READS
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Oil prices settle 1% lower after surprise rise in US crude stockpiles
Oil prices settled 1% lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries eased slightly that a wider Middle East conflict could threaten supplies from one of the world's major regions for crude production. Brent crude futures closed 93 cents lower, or 1.15%, at $79.76 a barrel. U.S. West Texas Intermediate crude futures fell $1.37, or 1.8%, to $76.98 per barrel. U.S. crude inventories rose by 1.4 million barrels, compared with estimates for a 2.2 million barrel drop, data from the U.S. Energy Information Administration showed. The build was the first after six straight weeks of draws.
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Commentary: Does Kamala Harris Have a Vision for the Middle East?
But like the Hotel California, the Middle East doesn’t let you leave, even after you check out. Obama and Trump both made historic deals purportedly to increase stability in the region and allow the United States to pivot elsewhere. But unexpected events popped up for both as well as for Biden, pulling them back in and leading them to expend much of their energy there.
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US approves sale to Israel of $20 billion weapons package
The United States on Tuesday approved the sale of $20 billion in fighter jets and other military equipment to Israel as it prosecutes a 10-month-old war in the Gaza Strip although the Pentagon said deliveries would not begin for years. U.S. Secretary of State Antony Blinken approved the sale of F-15 jets and equipment worth nearly $19 billion along with tank cartridges valued at $774 million, explosive mortar cartridges valued at over $60 million and army vehicles worth $583 million, the Pentagon said in a statement.
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Taliban Leadership Tracker
With the Taliban entrenched in power in Afghanistan, the group's extremist ideology, history of ruthless repression, and extensive ties to militant networks demand close monitoring of its members, affiliates, and their activities. This imperative demands a deeper understanding of the configuration of the Taliban's current government and the internal power dynamics. This initiative aims to provide continuous insights into the “who's who” within the regime's corridors of power.
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The Two Biggest Global Trends Are at War
These two trends—the ever-increasing capacity to blow things up at a distance and the stubborn power of local identities—are at odds in part because using the former tends to reinforce the latter. Early airpower theorists predicted that aerial bombardment would shatter civilian morale and lead opponents to surrender quickly, but experience shows that dropping bombs on a civilian population is more likely to foster a powerful sense of unity and spirit of resistance.
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Saudi Arabia launches National Kidney Exchange Program between families
The program enables reciprocal kidney transplant between a pair of patients and their donors for the first time in the Kingdom, between families at King Fahd Specialist Hospital in Dammam, and King Abdulaziz Medical City at the National Guard in Riyadh, under the supervision of the SCOT.
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Saudi firm plans hydrogen-powered skyscraper in Egypt’s new capital
A Saudi-controlled real estate firm says it plans to break ground early next year in Egypt's new capital on a $1 billion, 50-storey office tower that aims to be the first of its kind to be powered by clean hydrogen. The sophisticated design and high price tag represent a bet by Magnom Properties, a subsidiary of Saudi industrial group Rawabi Holding, that international clients will be drawn to the new capital, a city for over 6 million people being built from scratch in the desert east of Cairo.
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Commentary: The Saudi Crown Prince is Talking About An Assassination. His Own.
“The way he put it was, ‘Saudis care very deeply about this, and the street throughout the Middle East cares deeply about this, and my tenure as the keeper of the holy sites of Islam will not be secure if I don’t address what is the most pressing issue of justice in our region,’” said one of the people with knowledge of conversations MBS has had with regional and American leaders.
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Saudi Arabia Stresses Efforts to Consolidate Arab Cooperation
The cabinet hailed the Arab Parliament's efforts and contributions at international platforms. It emphasized the Kingdom's commitment to strengthening cooperation in various fields with its Arab counterparts to boost security and stability and facilitate sustainable development and growth.
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Saudi Teachers Now Required To Wear National Dress In Schools To Boost Cultural Pride
From now on, teachers across the Kingdom are required to wear traditional national attire—specifically the thobe and ghutra or shemagh—throughout their time at school. The move is designed to boost national identity and cultural heritage within the educational environment.
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