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U.S. Navy Announces New Multinational Task Force to Patrol Red Sea off Yemen Coast
The U.S. Navy on Wednesday said it was establishing a new multinational task force that would target arms and other smuggling in the waters around Yemen, in a show of support for Saudi Arabia and the UAE with American power after persistent Houthi attacks.
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Foreign Ownership in Saudi Stock Market Grows to $107.8 Billion – Report
According to a report from the Okaz/Saudi Gazette, the ownership of foreign investors in the Saudi stock market jumped to SR404.26 billion ($107.8 billion), or 3.36 percent of the total market value of the listed companies.
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Mae Al-Mozaini, CEO and co-founder of Nusf, joins The 966 to talk about women’s empowerment in Saudi Arabia
Mae Al-Mozaini, Founder and CEO of the Arab Institute for Women’s Empowerment (Nusf) and former Aramco executive talks with The 966 about her experiences growing up in Saudi Arabia, working with Aramco, and the positive impact Nusf is having by empowering future female Saudi leaders.
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Poll Finds Bipartisan American Support for High Gas Prices over Russian Invasion, NATO Support
Two weeks on in Russia’s invasion of Ukraine, a poll of American attitudes on the war finds bipartisan support for U.S. energy sanctions against Russia even if that results in higher gas prices.
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Market-Leading Pharmacy Firm Nahdi Seeks Up to $1.36 billion in Saudi Arabia’s Biggest IPO Since Aramco
Nahdi Medical Co, Saudi Arabia’s market leader in retail pharmacies, “aims to raise up to 5.11 billion riyals ($1.36 billion) in the country’s biggest initial public offering since Saudi Aramco’s listing in 2019,” Reuters reports.
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Veteran Saudi Journalist Khaled Almaeena Joins The 966 to Talk Ukraine, Energy Markets, and More
Khaled Al-Maeena, Saudi journalist, commentator, businessman and the former editor-in-chief of the Saudi Gazette and Arab News joins The 966 for Episode 28 to talk about Saudi Arabia’s role in energy markets, the war in Ukraine, and much more.
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Amr Khashoggi joins The 966 to talk Saudi foreign policy, Vision 2030 and more
Saudi businessman and philanthropist Amr Khashoggi, chairman of Amkest Group, joins The 966 to talk about some interesting developments in the mining and minerals sector in Saudi Arabia, the red hot Saudi IPO market, Saudi foreign policy, Saudi Arabia’s economy and Vision 2030 and many more topics in episode 27 of the program.
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Saudi Arabia’s Capital to Get Yet Another New Development: The Avenues Riyadh
The list of new or revitalized real estate developments in Riyadh grew this week with the announcement of a new multi-purpose district called “The Avenues Riyadh,” located in the city’s north west area.
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Dustin Johnson Off to Strong Start as Saudi International Golf Tournament Begins
Dustin Johnson’s bid for a third victory at the Saudi International began with a 5-under 65 in the first round of play at the Royal Greens Golf Club in King Abdullah Economic City in Saudi Arabia.
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Three Killed, Six Injured in Deadly Houthi Drone Attack on UAE Capital
Yemen’s rebel Houthi movement said Monday it had carried out a military attack on the United Arab Emirates, attacking the airport in Abu Dhabi and an industrial area and killing three people, according to reports.
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MUST-READS
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How Does the Jafurah Gas Field Support Saudi Arabia’s Economic Growth?: Video
Witness the second expansion of the Jafurah unconventional gas field, the largest shale gas field in the Middle East Equipped with cutting-edge technologies, we aim to advance our efforts in contributing to the future of power generation, one that is more efficient
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Saudi Arabia spends SR3.7 billion to support employment and training during first half of 2024
Minister of Human Resources and Social Development Eng. Ahmed Al-Rajhi revealed that the Saudi Human Resources Development Fund (HADAF) has spent about SR3.7 billion ($986 million) on programs and products to support employment, training and qualification of Saudis during the first half of this year. More than 100,000 establishments have benefited from these programs and over 153,000 citizens were employed in private sector establishments, he said during the ceremony of launching ‘Jadarat,’ the Unified National Employment Platform on Sunday. “The goal of the platform, under the slogan “Ambition and Empowerment,” is to unify employment efforts and data of job seekers in the public and private sectors, and to raise the quality and reliability of data,” he said.
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King Salman Charter for Architecture and Urbanism Award Announces 2024 Winners in Saudi Arabia
The King Salman Charter for Architecture and Urbanism Award has just announced the winners for 2024. Recognizing outstanding achievements in architecture and urbanism in Saudi Arabia, The King Salman Charter for Architecture and Urbanism Award is an initiative designed to celebrate projects that are aligned with the values of the King Salman Charter in Saudi Arabia. This year, since projects were honored with the award from three categories: built projects, unbuilt projects, and student projects.
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World’s largest solar microgrid rises along Saudi’s Red Sea
Featuring a 400MW solar PV system coupled with a 1.3GWh energy storage system, the world’s largest photovoltaic-energy storage microgrid is currently being built in Saudi Arabia’s Red Sea Project. Built on the coast of southwestern Tabuk Province, west of the Red Sea, the project covers a planned area of 28,000 square kilometers. Upon completion in 2030, the Red Sea City is expected to have 50 hotels with 8,000 rooms, and more than 1,000 residential properties across 22 islands and six inland sites. It will also cater to up to one million visitors per year, and all of these visitors are set to benefit from off-grid, clean energy.
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ACWA Power commissions 700 MW photovoltaic plant in Saudi Arabia
Saudi energy giant ACWA Power has commissioned the 700-megawatt AlRass1 Solar Photovoltaic Project, furthering the Kingdom’s renewable energy goals. The plant has begun power generation after receiving a commercial operations certificate from its off-taker, the company stated on Tadawul.
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Saudi holdings of US Treasuries rise to $140.3B in June
Saudi Arabia’s holdings of US Treasuries reached $140.3 billion in June 2024, up $ 4 billion month-on-month, new data released by the US Treasury showed. Saudi Arabia's holdings of US Treasuries in June are the highest in more than four years, i.e. since March 2020, when they reached $ 159.11 billion.
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Three takeaways: Familiar feel as Al Hilal fights back to lift Saudi Super Cup
It was a case of new season, same story in Saturday night’s Saudi Super Cup final as Al Hilal showed exactly why it swept to three trophies in 2023-24. The reigning Saudi Pro League champion overcame a 1-0 half-time deficit to beat Cristiano Ronaldo’s Al Nassr 4-1 at Abha’s Prince Sultan bin Abdulaziz Sports City.
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Blinken, Saudi FM discuss Gaza ceasefire, Yemen crisis and Sudan peace talks
US Secretary of State Antony Blinken held a call with Saudi Foreign Minister Prince Faisal bin Farhan on Sunday, focusing on several key issues in the Middle East including efforts to prevent regional escalation and finalize a ceasefire agreement between Israel and Hamas, according to a statement released by the US State Department. During the phone call, Blinken expressed gratitude to Prince Faisal for Saudi Arabia’s efforts to facilitate the flow of humanitarian aid into Gaza, a region currently facing severe shortages due to the ongoing conflict, the statement added.
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Saudi Arabia launches unified employment portal
Saudi Arabia has launched a unified employment portal offering job opportunities spanning across the government and public sectors. The Jadarat platform was unveiled by the Kingdom’s Minister of Human Resources and Social Development, Ahmed Al-Rajhi.
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Civil Defense Warns of Heavy Rains that Will Lash Saudi Arabia This Week
Saudi Arabia’s General Directorate of Civil Defense issued on Sunday a warning about heavy rainfall across parts of the Kingdom, starting Sunday and continuing until Thursday. Residents are urged to avoid valleys and seasonal lakes. The Makkah Region is expected to be hit the hardest, with heavy to moderate rainfall, flash floods, hailstorms, and strong winds that may cause sandstorms in Makkah City and Taif. Neighboring governorates, including Jeddah and Al-Lith, will experience lighter rainfall.
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