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Recent stories from sustg
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Saudi Arabia’s Stock Market Holds Near 15-Year Highs; Goldman Sees Saudi as Region’s Busiest in 2022
Saudi Arabia’s benchmark index is holding steady at 15-year highs despite breaking a 10-day positive streak on Sunday, the first day of trading for the week.
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Goldman Sachs is ‘Extremely Bullish’ on Commodities Amid Potential Decade-Long ‘Supercycle’
Goldman Sachs’s global head of commodities research Jeff Currie told Bloomberg today in a televised interview that the bank is “extremely bullish” on commodities amid a supercycle that has the potential to last for a decade.
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The 966 Talks Energy, Renewables, and Climate with Energy Expert Kate Dourian
The 966’s introduces its first topical discussion format with energy expert Kate Dourian, non-resident fellow at the Arab Gulf States Institute in Washington and contributing editor at MEES, the Middle East Economic Survey. Kate is also a former editor and veteran journalist covering energy and more in the region for Reuters and Platts. Kate joins […]
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Facing Omicron Variant Surge, Saudi Arabia Steps Up Precautions, Increases Vaccine Requirements
Wasting no time in attempting to get ahead of the Omicron variant of the Coronavirus, Saudi Arabia moved forward with new rules and requirements aimed at protecting people within the Kingdom’s borders – and the Saudi economy.
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Part 2 – The 966 Exclusive Interview with Fahad Nazer, Spokesperson for the Saudi Embassy in Washington, D.C.
The 966 features an exclusive, two-part interview with Fahad Nazer, spokesperson for the Saudi embassy in Washington. In Part 2 of the interview, the hosts ask Mr. Nazer about a wide range of issues, including about Saudi Arabia’s students in the United States, Iran, Saudi Arabia’s relationship with Israel. The hosts also ask Fahad a […]
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The 966 E13: Tapping the strategic petroleum reserve, Saudi Arabia’s Covid-19 response, and ‘sportswashing’
On this week’s episode of The 966, the hosts talk about Saudi Arabia’s upcoming EDM festival, called Soundstorm, the start something big for women’s soccer in the Kingdom, President Biden’s decision to tap the SPR, Saudi Arabia’s enviable Covid-19 response, and why “sportswashing” is used to describe Saudi Arabia – but doesn’t come close to […]
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Saudi Arabia is Currently the Most Affordable Country in the World to Buy a Home
Saudi Arabia is the world’s most affordable country to buy a home in 2021, according to a new study from a Britain-based building supplier.
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Second Aramco Saudi Ladies International Golf Tournament Begins at Royal Greens; Pederson Looks to Defend Title
The second Aramco Saudi Ladies International presented by the Public Investment Fund kicks off today at the Royal Greens club in King Abdullah Economic City, Saudi Arabia, with defending champion Emily Kristine Pedersen seeking to fend off a host of rivals on the Red Sea.
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An Exclusive Interview with Lina Almaeena on The 966 Podcast
The 966 interviews Saudi Arabia’s Lina Almaeena, who spent well over a decade leading the charge for women’s sports in Saudi Arabia after co-founding Jeddah United Sports Club in 2006. Almaeena then served on Saudi Arabia’s consultative body, the Shura Council, and continues to work to advance women’s empowerment in Saudi Arabia in line with […]
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The 966 – Episode 6: A Multi-Billion Dollar EV Investment in Saudi Arabia, Power Demand in the Kingdom, and Economic Free Zones?
In episode 6 this week, the hosts discuss an Australian company that is making a big bet on electric vehicles in Saudi Arabia with a massive mining investment, the use of power in Saudi Arabia flattens out, and the Kingdom explores the possibility of economic free zones to attract foreign investment in Saudi.
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MUST-READS
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Will Smith to Be Guest of Honor at Saudi Arabia Movie Biz Trade Show Saudi Film Confex
Will Smith is set to give a talk on the opening day of the sophomore edition of the Saudi Film Confex, taking place in Saudi Arabia’s capital of Riyadh between Oct. 9-12. The event, which will welcome the Oscar-winning actor as its guest of honor, will gather both local and international industry experts to discuss how to advance and strengthen the Saudi film industry.
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Iran foreign minister to visit Saudi Arabia, regional countries
Iran's Foreign Minister Abbas Araqchi will visit Saudi Arabia and other countries in the region starting on Tuesday to discuss regional issues and work on stopping Israel's "crimes" in Gaza and Lebanon, Iran's state media reported. Gulf Arab states - most of them major energy exporters like Iran - have sought to reassure Tehran of their neutrality in the Iran-Israel conflict, sources told Reuters last week.
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Saudi Arabia leads region in green building projects with 2k registrations
Saudi Arabia has made significant strides in sustainable construction, registering 2,000 of the 5,000 green building projects across the Arab world, according to a top official. Speaking at the opening of the 14th annual Saudi Green Building Forum, held in Riyadh from Oct. 6-8, Minister of Municipalities and Housing Majed Al-Hogail highlighted the Kingdom’s numerous milestones in this sector, reported the Saudi Press Agency. The Saudi green building market is projected to generate $16.4 billion in revenue this year and is expected to grow at a compounded annual rate of 12.3 percent, reaching $33.0 billion by 2030, according to market research firm Prescient & Strategic Intelligence.
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CEO of Air Connectivity Program: Over 60 New Air Routes Connect Saudi Arabia to Global Destinations
The Air Connectivity Program, launched in 2021, has played a significant role in boosting Saudi Arabia's tourism sector by establishing new air routes and enhancing connectivity with international destinations. The program has positioned the Kingdom as a leading hub for global air tourism. During an interview with the Saudi Press Agency (SPA) at the Routes World 2024 Exhibition and Conference in Bahrain, Chief Executive Officer of the Air Connectivity Program Majid Khan highlighted the strategic importance of Saudi Arabia's geographic location, which allows access to Europe, Asia, and Africa within an eight-hour flight radius. This, he said, offers multiple international options for aviation industry players to establish routes to the Kingdom.
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KPMG adds eight company members to Saudi partnership team
Commenting on the career milestone for the eight individuals, Abdullah Hamad Al Fozan, CEO of KPMG Middle East, said: “Congratulations to Ajay, Gary, Omar, Hany, Haytham, Mohammad, Mohannad, and Muhanad on their well-deserved promotions. Their dedication and strategic vision have been instrumental in our firm’s success. We are excited about their future contributions and confident that they will continue to drive transformative results for our clients.” In Saudi Arabia, KPMG has offices in Al Khobar, Jeddah, and Riyadh.
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Supermarkets of Saudi Arabia: Ensuring Food Security and Economic Diversity
Saudi Arabia has a strong growing consumer demographic and the grocery retail sector is estimated to be around 55 percent of the total retail market of the sector. In 2025, while the online grocery shopping sector is forecast to reach 10 percent of the total grocery sales, the overall size of the retail market is projected to reach USD 31.4 billion. This growth is majorly attributed to the growing popularity of modern retail formats such as supermarkets and hypermarkets.
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Pentagon chief underscores US commitment to Saudi Arabia’s defense
Pentagon chief Lloyd Austin said Monday that he had spoken to Saudi Arabia’s Defense Minister Prince Khalid bin Salman to affirm Washington’s commitment to the Kingdom’s defense and to thank him for Riyadh’s work to promote calm in the Middle East. Prince Khalid said the pair reviewed the Saudi-US strategic partnership and ways to bolster defense cooperation. The Pentagon said Austin underscored the United States’ longstanding commitment to Saudi Arabia’s defense and the importance of the US-Saudi defense partnership to regional security. The call took place on Monday night.
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Israel Defense Chief’s US Trip Delayed as Netanyahu Objects
A US visit by Israel’s defense chief — billed as a chance for the allies to craft a common strategy in a face-off against Iran — has been postponed, a Pentagon spokesperson said Tuesday. An Israeli official, who asked not to be identified discussing the decision, cited last-minute objections to the trip by Prime Minister Benjamin Netanyahu. Defense Minister Yoav Gallant, who has sparred with Netanyahu about the conduct of the yearlong war in Gaza and on other fronts, had been due to fly to Washington for talks on Wednesday about “ongoing Middle East security developments,” the Pentagon had announced.
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US wary as Israel plans retaliation against Iran
Israeli Ambassador to the United States Michael Herzog, speaking at the memorial event, referred to “disagreements” between the American and Israeli governments, saying he told Sullivan when they arose that Israel considered itself in the wake of the October 7 Hamas carnage to be facing an “existential” threat. “For us Israelis, this is an existential challenge,” Herzog said. “And Mr. Sullivan, we met more than once during this war. And whenever there were disagreements, I would always tell you that they emanate from the fact that for us, this is existential war.”
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Gulf states must not allow use of airspace against Iran, Iranian official says
Tehran has told Gulf Arab states it would be "unacceptable" if they allowed use of their airspace or military bases against Iran and warned that any such move would draw a response, a senior Iranian official said. The official also said any action by Gulf states to balance oil markets should Iranian energy facilities be hit by Israel was not part of the discussions so far. The comments come amid growing concern over possible Israeli retaliation for last week's Iranian missile attack, as Iran's Foreign Minister Abbas Araqchi visits Saudi Arabia and other Gulf states including Qatar for talks on Wednesday.
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