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An evolving U.S.-Saudi relationship, jaw-dropping developments and progress on the Red Sea, and much more….
- March 10,2023
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- SUSTG Team
Episode 78! The 966 hosts fly solo this week ahead of a busy week of travel to Saudi Arabia and the region and an impressive slate of forthcoming guests in the coming weeks. This week the hosts discuss a recent collection of articles and items in the media that paint a picture of a U.S.-Saudi […]
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Polish Prime Minister Mateusz Morawiecki Visits Riyadh, Meets with Crown Prince Mohammed bin Salman
- March 8,2023
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman “reviewed relations and issues of mutual concern” with Polish Prime Minister Mateusz Morawiecki on Tuesday in Riyadh.
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Royal Decree Names Salman al-Dosary as Saudi Arabia’s new Minister of Media
- March 6,2023
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- SUSTG Team
Saudi Arabia’s King Salman announced a series of Royal Decrees in a minor reshuffling of some top leadership positions.
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Saudi Economy in 2023 Report: Saudi Non-Oil Economy Forecasted to Grow Over 5% — Jadwa Investment
- February 28,2023
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- SUSTG Team
Riyadh-based Jadwa Investment says it sees Saudi Arabia’s non-oil economy continuing its growth streak through 2023, “growing well in excess of 5 percent,” according to a report issued by Jadwa.
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Antonia Carver, director of Art Jameel, Riyadh’s New Murabba Development, Founding Day 2023 and more
- February 24,2023
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- SUSTG Team
In Episode 76, The 966 welcomes Antonia Carver director of Art Jameel, who discusses her work supporting artists and creative communities in the Middle East region and beyond. Art Jameel was founded by the Jameel family philanthropies and is headquartered in Saudi Arabia and the UAE and works globally. Before the discussion, the hosts talk […]
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Saudi Arabia Sends their First Female Team to an International Tennis Federation (ITF) Event
- February 23,2023
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- SUSTG Team
This week saw another “first” for Saudi women and women’s sports in the Kingdom as the Saudi Arabia sent their first female team to an International Tennis Federation (ITF) event, Reuters reports.
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Saudi Arabia Crown Prince launches New Murabba Development Co. to Develop Riyadh’s Downtown
- February 16,2023
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- SUSTG Team
Saudi Arabia’s Crown Prince, HRH Prince Mohammed bin Salman, has launched a new initiative called the New Murabba Development Co. to develop Riyadh’s downtown “through the building of a unique living, working, and entertainment experience.”
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LEAPing forward in an increasingly tech-focused Saudi Arabia, Riyadh as a global events destination, and much more
- February 10,2023
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- SUSTG Team
The 966 Episode 75! The hosts discuss the recently-concluded LEAP conference and exhibition in Riyadh and how Saudi Arabia is increasingly becoming a leader in the space in the region. They also discuss how Riyadh is, in general, becoming a more attractive destination for global events, a concept once difficult to imagine before the Kingdom […]
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LEAP Conference Concludes in Riyadh with Major Deals, Focus on Tech
- February 9,2023
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- SUSTG Team
The 2023 LEAP conference ended on Thursday in Riyadh, with major deals for cloud computing centers and announcements of investments into the Kingdom’s tech sector in hopes of creating a vibrant startup ecosystem.
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FDI Inflows into Saudi Arabia Soar in 3Q 2022; MISA Says Investment Licenses Granted Up Over 50%
- February 7,2023
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- SUSTG Team
Saudi Arabia saw more positive economic news this week, as Foreign direct investment (FDI) inflows into the Kingdom rose 10.7% in the third quarter of 2022 over the same period a year earlier. Figures from the investment ministry showed FDI inflows totaled 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, up from 6.5 billion riyals […]
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MUST-READS
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‘Kandahar’ Director on Reuniting With Gerard Butler & Filming in Saudi Arabia
Kandahar is a heart-pounding race against time after CIA operative Tom Harris’ (Butler) cover is blown during an operation to sabotage Iran’s nuclear reactor. Under extraordinary circumstances, Harris and his translator, played by Navid Negahban, have no choice but to cross 400 miles of hostile territory in exactly 30 hours in order to reach an extraction point in Kandahar. Harris is determined to get them home to their families, but with elite forces, helicopters, and minefields between them and safety, the odds are stacked against them impossibly high.
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Is Saudi Arabia the new dumping ground for Europe’s top clubs – or a new frontier?
“This is not all one way,” said a source familiar with the league, speaking on the condition of anonymity to protect relationships. “Agents are all over clubs in Saudi Arabia, so this is not them throwing themselves at the world. It goes both ways.” Multiple intermediaries have told The Athletic they are trying to build relationships with clubs in Saudi, with some thinking they can double their player’s salary and secure long-term contracts. Another agent, however, whose player earns close to £100,000 a week already, believes it would be an achievement to have that salary matched in the Middle East, recognising clubs there will not fall into a trap of paying extortionate wages for everyone.
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Europe’s new energy problem: it now has too much gas
But a harsh winter didn’t materialize, demand stayed low, and Europe ended the winter with record-high natural gas stocks for March, according to data from Gas Infrastructure Europe.
Prices dropped through January and into spring, hitting €34.78 ($37.95) by May 12, a 150% drop from August 2022.
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PGA Tour and LIV take feud to PGA Championship
The PGA Tour and LIV Golf take their feud to Oak Hill Country Club for the PGA Championship this week with the Saudi-bankrolled rebel circuit again seeking major validation. Last month at Augusta National, LIV Golf had looked poised to pull off what would have been a marketing coup with one of their members walking off with a Masters Green Jacket. That was until world number one Spaniard Jon Rahm came to the PGA Tour's rescue, finishing top of the leaderboard to leave Brooks Koepka and Phil Mickelson runners-up.
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EU in Israel cancels Europe Day event over far-right minister’s participation
The European Union delegation in Israel on Monday cancelled its Europe Day diplomatic reception over the planned participation of far-right Israeli minister Itamar Ben-Gvir, who criticised the decision as a form of "undemocratic silencing". "Regrettably, this year we have decided to cancel the diplomatic reception, as we do not want to offer a platform to someone whose views contradict the values the EU stands for," the delegation said in a statement.
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India Refined Fuels: India becomes Europe’s largest supplier of refined fuels: Kpler
A recent report by analytics firm Kpler showed India has become Europe's largest supplier of refined fuels this month while simultaneously buying record amounts of Russian crude. The reliance of Europe on Indian crude oil products has surged. This increase can be linked with the ban on Russian oil.
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The EU has approved the world’s first carbon tax on imports
Any companies importing such products into the EU will be required to buy certificates to cover their carbon emissions, based on the volume of goods they bring in and the emissions footprint of those goods. The tax will also prevent manufacturers, hoping to evade the EU emissions standards, from moving operations to another country, and then sending their goods into the EU, a process known as “carbon leakage”
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Gulf economies to grow at much slower pace in 2023 on lower oil revenues – Reuters poll
Gulf Cooperation Council (GCC) economies will grow at a much slower pace in 2023 than last year as expectations for muted gains in crude prices and oil production cuts take a toll on revenues, a Reuters poll found. Oil prices have spiked nearly 20% since they hit this year's low of about $70 a barrel on March 20, largely driven by the Organization of Petroleum Exporting Countries (OPEC+) decision to reduce oil output by about 1.16 million barrels per day and China's reopening.
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Being A Female Tech Entrepreneur In The MENA Region: Opportunities, Challenges, And Lessons Learnt
As a meeting point of international trade, the MENA is a rapidly growing and changing kaleidoscope of opportunities, and an ideal location to start a new enterprise. It really is the place to be, with support and encouragement available if the government's economy and visions align with yours. So, ensure this alignment happens by being flexible.
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Newly appointed female Saudi ambassadors to EU, Finland present credentials
Newly appointed female Saudi ambassadors to the European Union and Finland presented their credentials to the presidents of their respective missions, Saudi Arabia’s foreign ministry announced on Monday. Ambassadors Haifa al-Jedea and Nesreen al-Shebel were appointed to their new positions in January in a move by the Kingdom that further boosted the presence of Saudi female diplomats in the international arena.
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