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A discussion with author Dr. Mark Thompson on the power and potential of Saudi youth on The 966 episode 30
The hosts welcome Dr. Mark Thompson from Riyadh. The hosts discuss Mark’s latest book, “Being Young, Male, and Saudi,” as well as his deep experiences living and teaching in the Kingdom. Before that, the hosts discuss why U.S. shale will not be saving the day any time soon, and also an encouraging new survey from […]
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Saudi Aramco Finds Five New Gas Fields in Four Regions, SPA Says
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said that Saudi Aramco has discovered new natural gas fields in four different regions across the Kingdom, according to information published by the Saudi Press Agency. The fields were discovered “in the central area of the kingdom, in the Empty Quarter desert, near its northern border and […]
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Saudis Worldwide Mark Inaugural Celebration of Founding Day
Saudi Arabia held celebrations on Tuesday to commemorate for the first time the Kingdom’s foundation nearly 300 years ago, “choosing a date that downplays the central role played by clerics from the ultra-conservative Wahhabi school of Islam” and instead focusing on the date in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over […]
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Golf: Saudi International Tournament Begins Thursday with $5m Purse; DeChambeau, Johnson, Mickelson Set to Headline Tough Field
Saudi Arabia’s annual flagship golf event, the PIF Saudi International powered by SoftBank Investment Advisers, is set to begin this week with a crowded field of some of the sports top players. The tournament will be played at the Royal Greens Golf and Country Club, with several holes seated next to the pristine turquoise blue Red Sea. The […]
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Saudi Natural Gas Production Soars, Turning Saudi Palaces into Lux Hotels, and Much More – The 966 E. 24
Episode 24 of The 966 has the hosts talking about Saudi Arabia’s growth in natural gas production over the last decade, the PIF’s new hotel group, a recent piece on Saudi royal succession and much more.
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Saudi Arabia’s PIF Gains Estimated $1 Billion on Activision Investment with Microsoft Takeover
Saudi Arabia’s Public Investment Fund (PIF) bet on gaming publisher Activision is set to gain over $1 billion with Microsoft’s planned takeover of the company, a Bloomberg report said.
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Reports: Lucid will Build Factory in Saudi Arabia by 2026
Lucid Group Inc.’s chairman Andrew Liveris said this week that the EV car-marker intends to build a factory in Saudi Arabia by 2025 or 2026, and is currently in the process of negotiating details with ministries in the Kingdom.
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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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Saudi Arabia’s Q2 2024 budget shows 26% rise in non-oil revenues
The Ministry of Finance has revealed on Wednesday the budget for the second quarter of 2024. Non-oil revenues increased by 26.09% to SR140.6 billion, compared to SR111.51 billion in the first quarter of the year, marking an increase of SR29.09 billion. Oil revenues also rose by 17.08%, surpassing the SR200 billion mark, reaching SR212.99 billion in the second quarter compared to SR181.92 billion in the first quarter.
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Saudi Minister of Commerce Concludes Visit to Republic of Korea
The Saudi Minister of Commerce and Chairman of the Board of Directors of the National Competitiveness Center (NCC), Dr. Majid bin Abdullah Al-Qasabi, met with the Minister of Land, Infrastructure and Transport, Dr. Sangwoo Park, today in Seoul, Republic of Korea. The meeting, which also had the Kingdom of Saudi Arabia's Ambassador to the Republic of Korea, Sami bin Mohammed Al-Sadhan, in attendance, covered discussions on the Kingdom's Vision 2030, economic and development reforms, cooperation and partnership opportunities, and the exchange of expertise, particularly in priority sectors.
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Saudi equestrian team gears up for Paris 2024 Olympics with high hopes and fond memories
As the Saudi equestrian team prepares for their participation in the Paris 2024 Olympics, they are filled with memories of their last Olympic appearance, where they secured a bronze medal in the team event at the London 2012 Olympics. On Thursday, the team will compete in the mixed team show jumping event at the historic Palace of Versailles arena, established in Paris in 1624.
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Lawyers for Saudi Arabia seek dismissal of claims it supported the Sept. 11 hijackers
Lawyers for Saudi Arabia argued Wednesday that the country fought against terrorism and al-Qaida, just like the United States, in the 1990s and should not be a defendant in lawsuits seeking over $100 billion for relatives of people killed in the Sept. 11 terrorist attacks. U..S. District Judge George B. Daniels listened Wednesday to arguments about evidence in the two-decade-old Manhattan case, but he did not immediately rule.
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Saudi IPO rush set to continue in second half of 2024, top corporate lawyers say
This follows analysis by Kuwait’s Financial Centre, also known as Markaz, indicating that more than half (59%) of total IPO proceeds in the Gulf Cooperation Council (GCC) were derived from Saudi Arabia, the largest economy in the GCC, in the first half of 2024. Saudi Arabia raised US$2.1 billion from 19 offerings in the six months to the end of June. These included US$1.95 billion listed in its main market, Tadawul, and US$143 million in the parallel market, also known as Nomu.
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Saudi Arabia makes significant progress in WEF skilled employees index
Saudi Arabia has been strengthening its labor market for the last few years. The number of Saudi nationals working in the private sector increased from 1.7 million in 2019 to over 2.3 million in 2024, and the unemployment rate dropped to 7.6% during Q1 2024.
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Over 25,000 beehives spread across Saudi royal reserve for honey production season
The Imam Turki bin Abdullah Royal Nature Reserve Development Authority has said that 25,737 beehives spread across 256 sites in the reserve are participating in this year’s honey production season. The season, which opened at the beginning of July, will close at the end of April 2025, the Saudi Press Agency reported.
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Ceasefire hopes recede, after assassination in Tehran
Last Thursday, when Israeli Prime Minister Benjamin Netanyahu met President Biden at the White House, along with families of Israeli American hostages held by Hamas, several of the families, American officials and some observers thought there might be higher hopes for soon getting a hostage release/Gaza ceasefire deal over the finish line. That was in part because the Israeli Knesset was due to break on Sunday (July 28) for a few months, giving Netanyahu more political breathing room to strike a deal without immediate risk of his governing coalition collapsing, it was thought.
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The regional impact of Ismail Haniyeh’s assassination
The killing of Hamas political leader Ismail Haniyeh in Tehran and the killing of a Hezbollah senior commander in Beirut could be designed to allow Israeli Prime Minister Benjamin Netanyahu to declare some victories and move toward winding down the war in Gaza, or they may signal his intentions to escalate the conflict and possibly drag the US into a wider regional contest with Iran and Hezbollah.
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The Uneven Distribution of UNESCO World Heritage Sites
UNESCO has added 24 new sites to the World Heritage List, bringing the total number to 1,223 worldwide. As the following chart shows, there is an uneven distribution of where these sites are located, particularly in terms of the cultural heritage selection, with UNESCO having historically inscribed by far the largest number of this group to the Europe and North America category.
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