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Saudi Arabia Buys Turkish Drones During Erdogan’s Visit; Crown Prince, Turkish Leader Drive Turkish EV
Saudi Arabia agreed on Tuesday to buy Turkish drones in what is being called the biggest defense contract in Turkey’s history, though no exact figures were announced.
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Report: Green Riyadh Hits Water Milestone to Sustain 7.5 Million Trees
The Green Riyadh Program implemented a water network project with a total length of 1,350 km to irrigate 7.5 million trees in the Saudi capital, according to a report in the local Saudi Gazette.
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Saudi Crown Prince in France to Meet Macron and Attend Global Summit
Saudi Arabia’s Crown Prince Mohammed bin Salman headed for France on an official visit, the Saudi Press Agency reported, citing the Royal Court.
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Major New Shopping District VIA Riyadh Opens to Public
VIA Riyadh, a new entertainment, retail, and hospitality district in the capital city has opened to the public, giving visitors and citizens a new destination in the Salmani architecture style.
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Talking tech in the MENA with MEI’s Mohammed Soliman, King Salman Park in Riyadh, Saudi’s growing soccer league, and much more…
Eid Fitr Mubarak! In Episode 84, Mohammed Soliman, the director of the Middle East Institute’s Strategic Technologies and Cyber Security Program and a Manager at McLarty Associates’ Middle East and North Africa Practice, joins The 966. Mohammed’s work focuses on the intersection of technology, geopolitics, and business in the Middle East and North Africa (MENA). […]
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Eid Mubarak from the SUSTG Team!
The SUSTG Team wishes all celebrating you a peaceful and joyous Eid.
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CIA Director Bill Burns visits Saudi Arabia to Reinforce US Commitment to Intelligence Cooperation
The head of the U.S. Central Intelligence Agency (CIA), Bill Burns, visited Saudi Arabia this week to meet with Saudi officials and reinforce Washington’s commitment to intelligence cooperation, a US official told Al Arabiya English.
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Hot Gulf Region IPO Market Draws Global Attention — FT
The Middle East North Africa (MENA) region saw 51 IPOs last year, raising $22bn, a 179% increase on 2021, a report in the Financial Times said, citing the advisory firm EY.
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Saudi Arabia’s New National Airline, Riyadh Air, Names CEO and Eyes Billions in Boeing-Made 787s
Saudi Arabia launched a new airline, Riyadh Air, and named an industry-veteran CEO in Tony Douglas for the new company this week. The airline, along with current state-flag carrier Saudi Airlines (Saudia) signed an agreement for an order of 72 Boeing-made airplanes.
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Steve Lutes, Vice President, Middle East Affairs at U.S. Chamber of Commerce joins The 966
Steve Lutes, Vice President, Middle East Affairs at U.S. Chamber of Commerce, has been active in his role expanding the program in service to the Chamber’s membership and the broader U.S.-Saudi relationship. The 966 hosts discuss the U.S.-Saudi Arabia Business Program that Steve has grown over the years, his extensive travels to the region and […]
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MUST-READS
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Saudi Interior Ministry launches digital ID service for Hajj pilgrims
The Ministry of Interior launched the digital identity service for the Hajj pilgrims, who are arriving in the Kingdom from all over the world to perform the pilgrimage this year. The launch of the service is part of the efforts of the Saudi government to tap the potential of digital transformation and harness technology to serve the guests of God in a way achieving the goals of the Kingdom’s Vision 2030.
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Harvard students end protest as university agrees to discuss Middle East conflict
Protesters against the war between Israel and Hamas were voluntarily taking down their tents in Harvard Yard on Tuesday after university officials agreed to discuss their questions about the endowment, bringing a peaceful end to the kinds of demonstrations that were broken up by police on other campuses. The student protest group Harvard Out of Occupied Palestine said in a statement that the encampment “outlasted its utility with respect to our demands.” Meanwhile, Harvard University interim President Alan Garber agreed to pursue a meeting between protesters and university officials regarding the students’ questions.
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UN says Gaza death toll still over 35,000 but not all bodies identified
The death toll in the Gaza Strip from the Israel-Hamas war is still more than 35,000, but the enclave's Ministry of Health has updated its breakdown of the fatalities, the United Nations said on Monday after Israel questioned a sudden change in numbers.U.N. spokesperson Farhan Haq said the ministry's figures - cited regularly by the U.N. its reporting on the seven-month-long conflict - now reflected a breakdown of the 24,686 deaths of "people who have been fully identified."
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Majority of Middle East IPOs experience positive aftermarket gains in 2024: Report
Middle East IPOs continued to demonstrate positive aftermarket performance in 2024, as revealed by PwC Middle East’s latest IPO+ Watch report. Most Q1 2024 IPOs experienced significant post-IPO gains.
Notable market gains were observed in the case of MBC Group Co and Middle East Pharmaceutical Industries Co (Avalon Pharma).
Additionally, the IPO of Dubai Parkin experienced an unprecedented surge in demand, with a subscription rate of 165 times, marking the highest level of oversubscription ever achieved on the Dubai Financial Market (DFM).
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Top 10 Trending Products to Sell in Saudi Arabia in 2024
Saudi Arabia's consumer market is undergoing a remarkable transformation, propelled by the nation's economic diversification, rising disposable incomes, and a rapidly evolving consumer landscape. As businesses navigate this lucrative market, staying ahead of the curve by understanding and capitalising on emerging trends is paramount. In 2024, Saudi consumers will be driven by a unique blend of cultural influences, technological advancements, and a heightened focus on sustainability and well-being.
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What is Saudi Arabia Vision 2030? Its Pillars, Programs and Projects
Saudi Arabia Vision 2030 is a monumental undertaking with its fair share of challenges. Implementing such a comprehensive transformation requires significant investment, social reforms, and overcoming bureaucratic hurdles. However, the potential rewards are immense. A successful Saudi Arabia Vision 2030 paves the way for a more prosperous, diversified, and globally connected Saudi Arabia.
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Purple paradise: Witness Saudi Arabia’s stunning jacaranda blooms in spring showers
Tourists flock to see the purple-flowered Jacarandas, particularly those lining Abha's Art Street, which resemble natural paintings when raindrops grace their vibrant blooms.
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Nicholas Blanford: Hezbollah’s Struggle Against Israel
So, there's a more complicated relationship between Hezbollah and Hamas. On a grassroots level, there's not much love for Hamas amongst Hezbollah fighters. They quietly call Hamas the back stabbers for switching sides in Syria. So, it’s fairly ironic that what is happening in South Lebanon over the last six months, with more than 300 people dead and a lot of destruction and damage to Lebanese border villages, is essentially for the sake of coming to the support of Hamas and Gaza.
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How the authoritarian Middle East became the capital of Silicon Valley
Washington is steering some of this shift, using the industry to push the region away from China’s orbit and focusing particularly on the UAE, a key U.S. security partner. The White House hosted executives from firms including Microsoft, Google and OpenAI last June for a meet-and-greet with Tahnoun bin Zayed al Nahyan, UAE’s national security adviser.
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Power Broker Behind Saudi Golf Deal Resigns From PGA Tour Board
In a pointed letter to his fellow policy board members, Dunne defended the framework deal with the Saudis, writing that “unifying professional golf is paramount to restoring fan interest and repairing wounds left from a fractured game.” He also cited how he hasn’t been asked to take a role in the negotiations with Saudi Arabia’s Public Investment Fund over the past 11 months and that “no meaningful progress has been made toward a transaction with the PIF.”
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