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The 966 Episode 20: The Dakar Rally’s coolest truck, Saudi coffee, a look at the Saudi mining sector, and much more
Episode 20! The 966 Hosts discuss Gaussin’s hydrogen-powered Dakar Rally truck in partnership with Aramco, why Saudi coffee is so delicious and how 2022 is “The Year of Saudi Coffee,” the mining and minerals sector in Saudi Arabia, a discussion oil in 2022, and much more in the program’s “Yallah” final segment.
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Report: OPEC+ Expected to Increase Output in February as Planned — Reuters
Three sources from OPEC+ told Reuters Monday that the group is likely to stick with planned increases in production in February, meaning the group foresees a mild and short-lived impact on demand from the Omicron coronavirus variant.
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Shrugging off Omicron Threat, Oil Rallies Near $80 on Brent
Oil prices extended gains on Tuesday December 28th, with Brent crude trading near $80 a barrel despite the rapid, worldwide spread of the Omicron coronavirus variant. WTI also continued a months-long rally, rising to $76.28. U.S. crude oil prices hit a high of $86.40 per barrel in October this year.
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A Special Holiday Edition of The 966: Extended ‘Yallah’ Conversation Covering 10 Top Storylines in Saudi Arabia This Week
The 966 kicks off the holiday season with a special edition of the weekly format. The hosts discuss airport takeovers, Soundstorm, The PGA’s standoff with a new Saudi-backed challenger league, the Jeddah Central project, Omicron in Saudi, and more.
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‘Best Places to Work’ Names Top 7 Saudi Companies in 2021
Novo Nordisk Saudi, Manga Productions, Foodics, Tamkeen Technologies, Roshn, International Maritime Industries and Saudi Arabian Packaging Industry are recognized as the top 7 best places to work in Saudi Arabia for 2021, according to the annual “Best Places to Work” certification program.
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Saudi Arabia’s 2022 Fiscal Budget Report Released, with First Surplus in Nearly a Decade Seen for 2022
Saudi Arabia released its budget for the 2022 fiscal year following the endorsement by the Council of Ministers on December 12th, with a few changes from the preliminary budget released earlier in September this year. As expected, Saudi Arabia is expected to register its first fiscal surplus since 2013.
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The 966 Podcast Interviews Fahad Nazer, Saudi Arabia’s Top Spokesperson for the Saudi Embassy in Washington
The 966 features an exclusive, two-part interview with Fahad Nazer, spokesperson for the Saudi embassy in Washington. In part one of the interview, the hosts ask Mr. Nazer about a wide range of mostly domestic and economic issues, including Saudi Arabia’s energy plans, the Kingdom’s relationship with the U.S. Congress (and the Biden administration), the […]
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Saudi Arabia Detects First Omicron Variant, Launches Health Probe
Saudi Arabia has reported the country’s first positive case of the omicron COVID-19 variant, and has launched a “epidemiological investigation,” according to reports.
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All Eyes on OPEC+ Meeting Thursday with Omicron Variant Looming Over Demand
The OPEC+ group of oil-producing nations is set to meet Thursday December 2nd to decide whether to stick with their plan to increase monthly oil output by 400,000 barrels a day in January, according to reports.
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Saudi Arabia to Invest $64 Billion in Entertainment Sector – Report
Saudi Arabia said it will invest $64 billion in its entertainment industry as part of its ongoing efforts to diversify its economy, according to reports.
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MUST-READS
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What’s a Golden Visa and Where Can You Still Get One?
Often known as a “residence by investment program,” a golden visa allows individuals to obtain temporary or permanent residency in a given country, so they can live and work there. The investments may include buying a house, creating a company or making a donation.
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Commentary: What’s So Bad About Fixing Oil Prices?
Oil’s history is full of attempts at stabilizing prices. Petroleum is an essential commodity that has high capital needs and long lead times: That lends itself to boom-and-bust cycles that are painful for consumers, governments and companies. There is no immediate cure for price spikes or plunges because it is impossible to turn on significant new oil supply or to turn off demand for it on short notice. Storage helps, but oil must be kept underground or in specialized tanks.
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Why political cost, US politics drive Qatar to rethink Gaza mediation
Qatar has since the eruption of the Gaza war last October played an essential role as a mediator between Hamas and Israel. But if Doha cannot convince Hamas to release Israeli hostages seized on Oct. 7, 2023 in the coming weeks, it might have to reconsider its hosting of the Palestinian group’s political office.
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Saudi Arabia’s new $22bn 109-mile Riyadh Metro to connect desert with cities
The project comprises a metro network, a bus network, and other transport services. The metro will have six lines, 85 stations, and will cover 109 miles. The city’s ambitious goals include transforming Riyadh into an international business hub and improving its image in front of the world.
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Gazans Flee Danger of Rafah for Uncertainty of Crowded Camps
Seven months into the war between Israel and Hamas, chaos is rising, and so are prices. A tent, the most basic shelter, can cost $1,000. A ride from the southern city of Rafah, now in Israel’s crosshairs, to the declared safety zone of al-Mawasi can be $270. It used to cost about $13. And those who are fleeing jam-packed Rafah find the al-Mawasi safe zone itself overcrowded and squalid — and perhaps not even safe from fighting.
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U.S. weapons may have been used in ways “inconsistent” with international law in Gaza, U.S. assessment says
The report states that though there are allegations that Israel violated international humanitarian law during the period covered by the report, Jan. 1, 2023 through late April of this year, the U.S. doesn't have "complete information" on whether U.S. weapons were used in those actions. Its authors cite the difficulty of determining facts on the ground in an active war zone as well as Hamas's use of civilian infrastructure for military purposes.
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Saudi Arabia’s billion-dollar football league a work in progress
None of the Saudi teams reached the Asian Champions League final, hosts Al Ittihad exited in the second round of the Club World Cup in Jeddah, and Roberto Mancini's Saudi national side lost in the Asian Cup's last 16. Al Hilal were so dominant that they won 34 consecutive games in all competitions -- a record for a top-flight team -- and remain unbeaten in the Pro League.
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Tawaref Series: Understanding annual operating cost in Saudi Arabia
As you can see, there is a major cost difference between operating an early-stage startup and small traditional business. The startup is less expensive to operate across every category, with the most notable difference being observed in commercial registration and third party costs. From our analysis, we have identified the following ways you can cut OpEX costs.
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CENTCOM Commander Visits the Kingdom of Saudi Arabia
From May 9-10 Gen. Michael Erik Kurilla, commander of U.S. Central Command, traveled to the Kingdom of Saudi Arabia to meet with leaders of the Saudi Royal Armed Forces and senior U.S. diplomats. The visit is part of an ongoing multi-country trip to the CENTCOM area of responsibility. While in Saudi Arabia, Gen. Kurilla engaged with Chief of General Staff, Gen. Fayyadh al-Ruwaili and other Saudi senior military leaders. The leaders discussed shared regional security concerns, the status of humanitarian assistance into the Gaza Strip, and further opportunities to partner on innovation of defensive technologies.
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China’s former ambassador to Iran takes on same role in Saudi Arabia
China’s former ambassador to Iran, Chang Hua, has been transferred to Saudi Arabia as part of a regular diplomatic reshuffle.
The move follows last year’s Chinese-brokered deal between the states to restore diplomatic relations.The embassy in Riyadh announced the appointment and Chang’s arrival on Friday. In his inaugural address he said the embassy is “committed to promoting exchanges and cooperation between [China and Saudi Arabia] actively practising ‘diplomacy for the people’, and providing dedicated services to Chinese citizens” in Saudi Arabia.
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