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Bill Foster from the Jones Group Saudi Arabia and Chairman of AmChamKSA joins The 966
Captain Bill Foster, USN (retired) is President of Jones Group Middle East, a wholly owned subsidiary of Jones Group International, and is Chairman of the The American Chamber of Commerce Saudi Arabia (AmCham Saudi Arabia). Foster joins The 966 from Riyadh, where he talks about the changes ongoing in the Kingdom and the important work […]
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Saudi Arabia’s Sindalah Island, Neom’s ‘Yachting Hub’, to Open in 2024 with Golf Course, 40 Restaurants
Saudi Arabia’s Sindalah Island, off the coast of NEOM in Saudi Arabia, will open by 2024 and will include a beach club, yacht club and almost 40 restaurants, new details released about the project yesterday confirm.
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HRH Prince Turki Al-Faisal Al-Saud talks about his father King Faisal’s legacy, the King Faisal Foundation’s decades of work, and U.S.-Saudi relations
An interview and conversation with the legendary HRH Prince Turki Al-Faisal Al-Saud, who joins The 966 to share some stories and his anecdotes about his late father, King Faisal bin Abdulaziz Al-Saud. King Faisal’s death lead his sons to create the King Faisal Foundation to honor his visionary legacy and generous spirit. HRH Prince Turki […]
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Saudi Arabia Stuns World With Upset Win Over Argentina in Qatar World Cup Opener; King Salman Declares Wednesday a Holiday
In what some analysts are already classifying as one of the greatest upsets in the history of the World Cup, Saudi Arabia stunned tournament favorite Argentina, 2-1, in its opening match at Lusail Stadium in Doha.
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Saudi Economy Continues Growth Streak as Non-Oil PMI Continued in Expansion Mode in September – Jadwa Chartbook
Saudi Arabia’s non-oil economy continued to grow in September as data continues to point to 2022 being a year in which the Kingdom outperforms economies around the world in growth, according to the latest Jadwa Investment Chartbook for the month of September 2022.
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OPEC+ and the American uproar with Colby Connelly from Energy Intelligence, plus Riyadh Season’s big events and more…
Episode 62! Energy Intelligence’s Colby Connely joins The 966 to talk about oil markets, the big kerfuffle here in the United States caused by the OPEC+ decision, and some more on that hot topic. But first, the hosts discuss new statistics on Saudi Arabia’s population, Riyadh Season 2022, and then conclude as always with the […]
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Saudi Arabia’s Population Grows 9.3% in 2021, Officially Reaching 34 million
Saudi Arabia’s population reached 34 million people in 2021, according to a recent report by Saudi Arabia’s Ministry of Health and published in the Saudi Gazette, at an annual growth rate of 9.3%.
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Saudi Telecom Giant STC Plans $1 Billion in Investments to Transform Kingdom into Regional Data Hub – Report
Saudi Arabia’s Saudi Telecom Co. (STC), the Middle East’s most profitable mobile operator, “plans to spend about $1 billion to transform the kingdom into a regional data hub, and may sell a stake in its data hub, called Center3, business to finance the plans,” Bloomberg reports.
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Middle East Regional Carriers to Spend $765 billion by 2040 on Fleet Expansion, Boeing Says
Carriers in the Middle East are set to expand its fleet with an additional 2,980 commercial jets in the next two decades, spending upwards of $765 billion on new planes, major supplier Boeing said on Monday in Dubai. The new planes will be required to meet the strongly recovering demand for both passenger and cargo […]
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OPEC Continues to Forecast Robust Global Oil Demand Growth in 2022 and 2023
In its latest monthly report, OPEC stuck to its forecasts for robust global oil demand growth in 2022 and 2023, citing signs that major economies were faring better than expected despite global headwinds such as surging inflation, Reuters reports.
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MUST-READS
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Mapping Israel’s Invasion of Lebanon
Israel and Hezbollah were fighting at close range in southern Lebanon on Wednesday in at least two areas near the border, according to reports from the Israeli military, Hezbollah and Lebanon’s army.
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As Crisis Builds, Lebanon’s Government Is Nowhere to Be Found
Hezbollah, the Iran-funded Shiite Muslim militia that doubles as a major political party and social services organization, does not run Lebanon in any official sense. But under Mr. Nasrallah, it sometimes seemed as if it was the only force that mattered: a state within a state with its own military, schools, hospitals and youth programs.
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Nazaha investigates 289 suspects, arrests 136 in September
The Oversight and Anti-Corruption Authority (Nazaha) initiated investigations into a number of criminal and administrative cases through 3,903 inspection tours in September 2024. Nazaha said on the X platform that it investigated 289 persons and arrested 136 suspects, some of whom were released on bail for being involved in bribery and abuse of power. The arrested included employees at the Ministries of Interior, Justice, Health, Education, and Municipal, Rural Affairs, and Housing.
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Iran’s Khamenei warned Nasrallah of Israeli plot to kill him, sources say
Iran's Supreme Leader Ayatollah Ali Khamenei warned Hezbollah leader Syyed Hassan Nasrallah to flee Lebanon days before he was killed in an Israeli strike and is now deeply worried about Israeli infiltration of senior government ranks in Tehran, three Iranian sources said. In the immediate aftermath of the attack on Hezbollah's booby-trapped pagers on Sept. 17, Khamenei sent a message with an envoy to beseech the Hezbollah secretary general to leave for Iran, citing intelligence reports that suggested Israel had operatives within Hezbollah and was planning to kill him, one of the sources, a senior Iranian official, told Reuters.
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Saudi Vision 2030 reforms cut unemployment, boosted job creation: Analysts
The unemployment rate among Saudis fell to an all-time low of 7.1% in Q2 2024, from 7.6% in Q1 2024, based on data available since 1999, the General Authority for Statistics (GASTAT) Labor Force Survey showed. Analysts surveyed by Argaam attributed this downtrend to several factors driven by the Saudi Vision 2030’s goals. They said the vision-related programs helped achieve the goal of reducing unemployment six years ahead of schedule, in addition to the intense labor market reforms undertaken by the government.
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OPEC rebuts WSJ article on Saudi saying oil prices could drop to $50
OPEC rebutted a Wall Street Journal report on Wednesday, calling it wholly inaccurate and misleading in saying that Saudi Arabia's energy minister warned oil prices will drop to $50 per barrel if OPEC+ members do not stick to agreed-upon production limits. The report cited unidentified delegates from the oil producers group as saying they heard the minister, Prince Abdulaziz bin Salman, give the warning on a conference call last week. The WSJ cited the sources as saying he had singled out Iraq and Kazakhstan for overproduction.
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Israel calls for evacuations from south Lebanon, explosions in Beirut
Israel's military urged residents of over 20 towns in south Lebanon to evacuate their homes immediately on Thursday as it pressed on with an incursion after suffering its worst losses in a year of fighting the Iran-backed armed group Hezbollah. The call for evacuations from southern towns included the provincial capital Nabatieh, suggesting another Israeli operation designed to further weaken Hezbollah is imminent.
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Houthis’ email alert to Red Sea ships: Prepare for attack, with best regards
On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an unusual email had landed in his personal inbox. The message, which was also sent to the manager's business email address, warned that one of the company's vessels travelling through the Red Sea was at risk of being attacked by Yemen's Iranian-backed Houthi militia. The Greek-managed ship had violated a Houthi-imposed transit ban by docking at an Israeli port and would be "directly targeted by the Yemeni Armed Forces in any area they deem appropriate," read the message, written in English and reviewed by Reuters.
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All eyes on improving infant health in Saudi Arabia
One crucial indicator of a nation’s health, social stability, and economic development is infant mortality. Currently, Saudi Arabia has an infant mortality rate (IMR) of 5.1 infant deaths per 1,000 live births, placing it 63rd out of 253 countries globally. By comparison, developed G20 countries like Japan and Italy have the lowest IMRs of 1.6 and 2.2, respectively.
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‘Marvels of Saudi Orchestra’ Mesmerizes London with Stunning Performance
The historic Westminster Central Hall resonated with the enchanting sounds of the ‘Marvels of Saudi Orchestra’ last night, as the Saudi National Orchestra and Choir performed alongside the Royal Philharmonic Orchestra. The event marked a significant moment of cultural exchange and musical collaboration between Saudi Arabia and the United Kingdom.
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