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Saudi Arabia Eyes Hosting Olympics as ‘Ultimate Goal’ of Growing Sports Portfolio
Fresh off of hosting the boxing heavyweight title fight in Jeddah this weekend, Sports Minister Prince Abdulaziz bin Turki Al-Faisal stated that Saudi Arabia has the “ultimate goal” of hosting the Olympics while it continues to develop a local sports industry and attract international events, according to an interview with the AFP and reported in Al […]
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Deputy Minister of Investment for Saudi Arabia Dr. Saad Alshahrani joins The 966, The IMF’s report on Saudi’s economy, and much more
Episode 58! Dr. Saad Alshahrani, Deputy Minister for economic affairs and investment studies at Saudi Arabia’s Ministry of Investment joins The 966 to talk about the Saudi economy, investment opportunities, and reforms in the Kingdom. Dr. Saad also shares his story of studying in the U.S. and journey to becoming a deputy minister. Before the […]
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Saudi Arabia Announces New Permit Requirement for Content Creators, Social Media Influencers
Saudi Arabia will require all social media users and content creators who are monetizing their posts and stories to apply for and receive a permit from the Kingdom’s General Commission for Audiovisual Media (GCAM), a report in Arab News said.
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Saudi Arabia’s Economy Expanded 11.8% in the Second Quarter; Non-Oil PMI Rises to 8-Month High — Jadwa Investment
Saudi Arabia’s economy expanded 11.8% in the second quarter of 2022, Bloomberg reports, maintaining the fastest pace of growth since 2011 as oil prices boost the Kingdom’s economy. Beyond oil, however, Saudi Arabia is seeing positive signs in the non-oil economy as the Kingdom continues apace with economic reforms as part of the Kingdom’s Vision 2030.
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A Special Edition of The 966: Reviewing President Biden’s Visit to Saudi Arabia with Jon Alterman, David Des Roches, and Hussein Ibish
A very special edition of The 966 for Episode 53: The 966 has lined up three experts to discuss their reactions to President Biden’s visit to Israel and Saudi Arabia and a renewed U.S. focus on the Middle East region. Hussein Ibish, columnist for Bloomberg, Dr. Jon Alterman from the Center for Strategic and International […]
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Saudi Arabia’s Ports Cargo Volume Jumps in June
Saudi Arabia’s ports witnessed a 16.1 percent increase in cargo throughput volumes in June 2022 compared to the same period a year before, according to a report in Arab News, citing the latest release by the Saudi Ports Authority, also known as Mawani.
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Saudi Crown Prince Mohammed bin Salman Heads to Turkey after Visiting Jordan, Egypt
Saudi Crown Prince Mohammed bin Salman landed in Turkey for the first time in several years on Wednesday for talks with President Erdogan, after visiting neighboring Egypt and Jordan as part of a regional tour, Reuters reports.
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Leaked Image Appears to Show Lucid Motors First Saudi Showroom in Riyadh
U.S.-based Lucid Motors appears poised to open its first showroom in Riyadh, a photo published on an EV-focused news site confirms.
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Saudi Arabia is ‘Experiencing a Housing and Mortgage Boom’ as Vision 2030 Reform Efforts Drive Progress
Saudi Arabia is “experiencing a housing and mortgage boom, reflecting a government drive to boost home ownership as part of efforts to shake up the oil kingdom’s economy and its ultraconservative society,” the Financial Times reports.
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Report: Kingdom to Use Some Oil Windfall on Boosting Private Sector
Saudi Arabia’s minister of economy and planning Faisal Alibrahim said the Kingdom will use this year’s oil windfall to accelerate the economy’s diversification from fossil fuels, Bloomberg reports.
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One week on, how the Lebanon attacks have changed the Middle East
But when Israel withdrew from Lebanon in 2000, Hezbollah kept its weapons in violation of a UN resolution requiring it to disarm. It continued to present itself as a necessary force for the defence of Lebanon and “became the country's most powerful political actor”, says Prof Khatib. Although it is represented in Lebanon’s government, Hezbollah’s real power lies behind the scenes, she adds - as an armed group that many analysts say is more powerful than the Lebanese army, it has the ability to intimidate its opponents.
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Saudi Arabia to establish 10 private colleges
The Council of Ministers on Tuesday approved the establishment of 10 private colleges in Saudi Arabia. Custodian of the Two Holy Mosques King Salman chaired the weekly session of the Cabinet in Riyadh.
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LGBTQ fans welcomed in Saudi, says 2034 World Cup bid chief
Hammad Albalawi, head of Saudi Arabia's 2034 World Cup bid unit, said his country welcomes all visitors, including LGBTQ people and their bid to host the 48-team showpiece event has nothing to do with 'sportswashing' their human rights record. Global governing body FIFA limited the 2034 contest to bidders from the Asian and Oceania confederations as Morocco, Portugal and Spain will share the hosting of the 2030 tournament.
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Desert Diplomacy: Saudi Arabia’s Quest for Regional Harmony
By prioritizing dialogue, diplomacy, and economic cooperation over conflict and confrontation, the Kingdom hopes to reduce tensions in the Middle East and create a more stable environment for its ambitious domestic reforms. While challenges remain, the early successes in mending relations with Iran, Qatar, and Yemen offer hope that Saudi Arabia’s new foreign policy could contribute to lasting peace and stability in the region.
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Saudi Arabia Eyes Satellite Partnership with Nigeria for TV Channel Expansion on NigComSat-1R
The Saudi Arabian Embassy in Nigeria has initiated discussions to host four television channels on Nigeria’s NigComSat-1R satellite. This development follows a visit by Saudi Arabia’s Head of Media, Mohammed Alsahabi, to the NigComSat offices on Friday. During the visit, Alsahabi engaged in talks with NigComSat officials, focusing on the potential for collaboration in satellite broadcasting. Abiodun Attah, NigComSat’s Executive Director of Technical Services, received the Saudi delegation, emphasizing the importance of the discussions.
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Saudi Arabia launches 3 GW solar tender
SPPC has launched the sixth round of the Saudi Arabian government's National Renewable Energy Program (NREP). It has issued an RFQ in relation to 3 GW of solar capacity across four projects. One facility will have a capacity of 1.4 GW (AC) near Hima in Najran province, in addition to a second 600 MW (AC) plant near Ad Darb, Jizan province. SPPC is also seeking to assign a 600 MW (AC) project planned in Jazan and a 400 MW (AC) project near Al Sufun, Hail province.
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Hezbollah’s tunnels and flexible command weather Israel’s deadly blows
Hezbollah's flexible chain of command, together with its extensive tunnel network and a vast arsenal of missiles and weapons it has bolstered over the past year, is helping it weather unprecedented Israeli strikes, three sources familiar with the Lebanese militant group's operations said. Israel's assault on Hezbollah over the past week, including the targeting of senior commanders and the detonation of booby-trapped pagers and walkie-talkies, has left the powerful Lebanese Shiite militant group and political party reeling.
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Climate change doubles chance of floods like those in Central Europe, report says
Climate change has made downpours like the one that caused devastating floods in central Europe this month twice as likely to occur, a report said on Wednesday, as its scientific authors urged policymakers to act to stop global warming. The worst flooding to hit central Europe in at least two decades has left 24 people dead, with towns strewn with mud and debris, buildings damaged, bridges collapsed and authorities left with a bill for repairs that runs into billions of dollars.
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Chinese esports firm launches multi-title tournament in Asia with Saudi Arabia backing
The Esports Asian Champions League (ACL) will kick off next year, with tens of thousands of professional players set to compete across the continent in a six-month season each year, VSPO announced on Tuesday. The Tencent Holdings-backed company is the biggest esports operator in Asia.
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Saudi Aramco begins issuing dollar-denominated sukuk
Saudi Aramco has started on Tuesday issuing US dollar-denominated international sukuk or Islamic bonds. The sukuk offering, which is part of the Trust Certificate Issuance Program of the SA Global Sukuk Limited, will run through until October 2. The value of the offering will be determined according to market conditions and investor demand at the time of the offering, Aramco said in a filing on the Saudi Stock Exchange (Tadawul). The minimum subscription will be $200,000 with integrated multiples of $1,000 in excess of that amount, subject to market conditions.
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