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Recent stories from sustg
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Raghad Fathaddin joins The 966; Oil’s price and Saudi spare production capacity, the new ‘Motawif’ app, and more…
In episode 50, The 966 talks with Raghad Fathaddin, communications analyst for PepsiCo based in Riyadh, an entrepreneur and founder of Sangha “Estidama Hub”, a Y20 delegate and also a WIn fellow. Before that conversation, the hosts discuss a new app from Saudi Arabia that is changing the way people register for the Hajj pilgrimage, […]
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IMF Sees 7.6% GDP Growth for Saudi Arabia in 2022; Highlights Solid Indicators
The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022, according to a report. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus increasing to 17.4 percent of GDP in 2022.
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Arabian Business’ Announces ‘Most Influential Arabs 2022’
Regional publication Arabian Business has revamped its “Arab Power List” and is introducing the Most Influential Arabs 2022 to “celebrate and recognize the public sector figures, CEOs, founders and presidents, educationalists and financiers, healthcare leaders and entrepreneurs who are making a difference in the world.”
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Secretary of State Blinken, Saudi FM Faisal bin Farhan Speak by Phone amid Diplomatic Uptick
U.S. Secretary of State Antony Blinken and Saudi Foreign Minister Prince Faisal bin Farhan Al Saud spoke by phone this week to discuss Saudi Arabia’s efforts to prolong a fragile, Saudi-brokered truce in Yemen, the U.S. Embassy in Saudi Arabia said on Tuesday.
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Spotlight on Saudi at Davos, island diplomacy, and legal reforms with Saudi-based attorney Chris Johnson
In Episode 45 this week, The 966 hosts welcome back Saudi-based attorney Chris Johnson to discuss Saudi Arabia’s new personal data privacy law, investment law, and other ongoing legal and regulatory reforms taking place in the Kingdom. Before that conversation, the hosts discuss Saudi Arabia’s strong presence at the World Economic Forum in Davos, an […]
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Kingdom Re-Launches Airports Privatization Strategy, Eyes 2023 Opening for Major Red Sea Tourism Project
Saudi Arabia is relaunching its strategy to privatize its airports in order to secure investment as it seeks to triple annual visitor numbers by 2030.
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Jon Alterman from the Center for Strategic and International Studies joins The 966 to talk about the Middle East in an evolving global order, U.S.-Saudi relations
In Episode 42, the ever-insightful Dr. Jon Alterman from the Center for Strategic and International Studies (CSIS), one of the leading think tanks in Washington, joins The 966 to talk about a changing global order and the Middle East’s role in it. The hosts ask Jon about his work to-date, including building the fascinating and […]
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Saudi Arabia Will Purchase Up to 100,000 Lucid Vehicles, Company Says
Electric carmaker Lucid Group Inc., which is owned by Saudi Arabia’s Public Investment Fund (PIF) on Tuesday said it has signed an agreement with the government of Saudi Arabia for the purchase of up to 100,000 of its vehicles over the next 10 years, according to Reuters.
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Saudi Arabia’s Stock Market to Launch Single-Stock Futures Trading Soon
Saudi Arabia’s stock exchange will launch single-stock futures (SSFs) trading soon in an effort to boost liquidity on the market, the CEO of the Tadawul Mohammed Al-Rumaih told a local source, according to Arab News.
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Former USMTM Chief Col. Brad Gandy Joins The 966 to Talk U.S.-Saudi Defense, Security Partnership and More
Episode 33! On last week’s episode, we talked about the huge transformation going on in Saudi Arabia’s military and USMTM’s role in it with author Bilal Saab, who has a book coming out on the subject. This week, the head of the USMTM from 2019-2021, Col. Brad Gandy, who heard last week’s episode and agreed […]
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MUST-READS
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Navigating Marriage Laws in Saudi Arabia for Foreigners: What You Need to Know
Saudi Arabia's marriage laws are steeped in Islamic tradition and reflect the country's unique cultural norms. Understanding these laws is crucial for foreigners considering marriage in Saudi Arabia, as there are specific requirements for both men and women.
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OPEC sticks to oil demand view, shifts key forecast to OPEC+
OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would switch to focus on projected demand for OPEC+ crude, reflecting that the wider group is now the main forum for cooperation in the market.The Organization of the Petroleum Exporting Countries, in a monthly report, said it expected world oil demand to rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025. Both forecasts were unchanged from last month.
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Number of nurses up 23% in Saudi Arabia during 7 years, reaching over 235,000
The number of nursing staff in Saudi Arabia, who are registered with the Saudi Commission for Health Specialties, has increased to more than 235,000 during the year 2023. The total number of male and female nurses recorded an increase of more than 23 percent during the period between 2016 and 2023, according to a report released by the Ministry of Health on the occasion of International Nurses Day that was celebrated on May 12.
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US gives Saudis green light to try to revive peace deal with Houthis
US determination to keep Saudi Arabia engaged in a peace process with Israel has led Washington to give Riyadh an informal green light to try to revive a peace deal with the Houthis, the Yemen-based rebels who have been attacking commercial shipping in the Red Sea since November.
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Saudi Mega Projects Seek Partners in Bid to Hit Goals
Executives from The Line, New Murabba and Diriyah Company — complex developments ranging from a futuristic mega city on the Red Sea to an urban development housing a cube-shaped skyscraper set to be the tallest in the Saudi capital — discussed challenges with supply chains, costs and finding skilled workers as they underscored the urgent need for experienced partners to assist in completing projects.
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UK launches major trade push in Saudi Arabia at Riyadh talks
Five UK ministers will be at the head of a huge British delegation visiting Saudi Arabia this week, as Britain seeks to strengthen trade and cultural ties with the kingdom. Oliver Dowden, the UK's Deputy Prime Minister, Lucy Frazer, the Culture, Media and Sport Secretary, Dominic Johnson, the Investment Minister and Nick Markham, minister at the Department of Health and Social Care, have taken a British delegation of more than 450 business and cultural leaders to Riyadh, where the UK is hosting an event called Great Futures, aimed at highlighting the co-operation and partnerships between British companies and institutions, and their Saudi counterparts.
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Saudi dates exports jump by 13.7% in Q1 of 2024
The National Center for Palms and Dates announced that the value of Saudi Arabia’s exports of dates during the first quarter of 2024 rose to reach SR644 million, an increase of 13.7% compared to the same period in 2023 when the value of its exports reached SR566 million.
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Ministry of Interior joins hands with SDAIA in providing high tech services for pilgrims
During the sixth year after the launch of the initiative in 2017, with the exemption of two years during which there was a restriction for the Hajj of foreign pilgrims due to the outbreak of coronavirus pandemic, the Ministry of Interior and SDAIA launched the highly advanced system, which allowed beneficiaries to complete procedures automatically, by taking biometrics, reading pilgrims’ passport data, and facilitating procedures for the elderly and people with disabilities, using the latest technologies to achieve the highest levels of safety and reliability.
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In Saudi Arabia, Ancient Desert Walls Are Rewriting the Stone Age
The ancient town at Hegra, just outside the modern town of Al-Ula in northern Saudi Arabia, is famous for its Nabataean monuments carved directly into the red rock, many ornately decorated and complete with inscriptions. Similar in style to its more famous Nabataean sibling, Petra, in Jordan, Hegra only recently received a comparable level of attention from archaeologists. When it did, the finds were spectacular. In 2008, excavations began on tombs that still contained not only bodies but also the ceramics and jewelry buried with them (astonishingly undisturbed, unlike the tombs at Petra).
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Why tourism is set to drive economic diversification in the Gulf
Saudi Arabia reported more than 106 million tourists in 2023, up 12 per cent from 2022 and an astonishing 56 per cent higher than 2019. Of this 106 million, slightly more than a quarter, or 27.4 million, were international visitors.
Dubai attracted a record 17.2 million international visitors last year, up by about 20 per cent year on year, while the other emirates also reported strong growth in both domestic and international visitor numbers in 2023.
Hospitality was the fastest-growing sector in both Dubai and Qatar in the first nine months of last year, posting double-digit growth. In Bahrain, hospitality was the second fastest-growing sector after transport.
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