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A discussion with author Dr. Mark Thompson on the power and potential of Saudi youth on The 966 episode 30
The hosts welcome Dr. Mark Thompson from Riyadh. The hosts discuss Mark’s latest book, “Being Young, Male, and Saudi,” as well as his deep experiences living and teaching in the Kingdom. Before that, the hosts discuss why U.S. shale will not be saving the day any time soon, and also an encouraging new survey from […]
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Saudi Aramco Finds Five New Gas Fields in Four Regions, SPA Says
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said that Saudi Aramco has discovered new natural gas fields in four different regions across the Kingdom, according to information published by the Saudi Press Agency. The fields were discovered “in the central area of the kingdom, in the Empty Quarter desert, near its northern border and […]
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Saudis Worldwide Mark Inaugural Celebration of Founding Day
Saudi Arabia held celebrations on Tuesday to commemorate for the first time the Kingdom’s foundation nearly 300 years ago, “choosing a date that downplays the central role played by clerics from the ultra-conservative Wahhabi school of Islam” and instead focusing on the date in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over […]
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Golf: Saudi International Tournament Begins Thursday with $5m Purse; DeChambeau, Johnson, Mickelson Set to Headline Tough Field
Saudi Arabia’s annual flagship golf event, the PIF Saudi International powered by SoftBank Investment Advisers, is set to begin this week with a crowded field of some of the sports top players. The tournament will be played at the Royal Greens Golf and Country Club, with several holes seated next to the pristine turquoise blue Red Sea. The […]
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Saudi Natural Gas Production Soars, Turning Saudi Palaces into Lux Hotels, and Much More – The 966 E. 24
Episode 24 of The 966 has the hosts talking about Saudi Arabia’s growth in natural gas production over the last decade, the PIF’s new hotel group, a recent piece on Saudi royal succession and much more.
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Saudi Arabia’s PIF Gains Estimated $1 Billion on Activision Investment with Microsoft Takeover
Saudi Arabia’s Public Investment Fund (PIF) bet on gaming publisher Activision is set to gain over $1 billion with Microsoft’s planned takeover of the company, a Bloomberg report said.
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Reports: Lucid will Build Factory in Saudi Arabia by 2026
Lucid Group Inc.’s chairman Andrew Liveris said this week that the EV car-marker intends to build a factory in Saudi Arabia by 2025 or 2026, and is currently in the process of negotiating details with ministries in the Kingdom.
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The 966 Episode 20: The Dakar Rally’s coolest truck, Saudi coffee, a look at the Saudi mining sector, and much more
Episode 20! The 966 Hosts discuss Gaussin’s hydrogen-powered Dakar Rally truck in partnership with Aramco, why Saudi coffee is so delicious and how 2022 is “The Year of Saudi Coffee,” the mining and minerals sector in Saudi Arabia, a discussion oil in 2022, and much more in the program’s “Yallah” final segment.
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Report: OPEC+ Expected to Increase Output in February as Planned — Reuters
Three sources from OPEC+ told Reuters Monday that the group is likely to stick with planned increases in production in February, meaning the group foresees a mild and short-lived impact on demand from the Omicron coronavirus variant.
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Shrugging off Omicron Threat, Oil Rallies Near $80 on Brent
Oil prices extended gains on Tuesday December 28th, with Brent crude trading near $80 a barrel despite the rapid, worldwide spread of the Omicron coronavirus variant. WTI also continued a months-long rally, rising to $76.28. U.S. crude oil prices hit a high of $86.40 per barrel in October this year.
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Saudi Arabia’s Future Aviation Forum tallies $19 billion in deals
Leading the dealmakers was Saudia Group, which owns flag carrier Saudia Airline and low-cost flyadeal, announcing an order with Airbus on Monday for 105 narrow-body aircraft. The deal for an undisclosed price was described as the largest purchase ever from a Saudi airline. Saudia’s Airbus order was a setback for Boeing, which has yet to close a deal being negotiated with the kingdom’s new airline, Riyadh Air.
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Saudi crown prince reassures nation about king’s health during Cabinet meeting
Saudi Crown Prince Mohammed bin Salman made reassuring comments about King Salman’s health during a cabinet meeting on Tuesday, Saudi Press Agency reported. The king underwent medical tests at royal clinics at Al-Salam Palace on Sunday after he suffered from a high temperature and joint pain, SPA said. He was diagnosed with lung inflammation and prescribed a course of antibiotics as treatement at the palace in Jeddah.
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Saudi Stocks Trail Emerging Peers for First Time Since Pandemic
The Tadawul All Share Index is nearly 6% behind the MSCI Emerging Markets gauge so far this year, the first time it’s trailed in the period since 2020 when tumbling demand battered oil prices. Once again, Saudi shares are tracking a drop in crude, while authorities have reportedly scaled back the futuristic Neom development — a major driver for several sectors in the market in the past few years.
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Blueprint Foresees Dramatic Expansion of Saudi Aviation Sector
Sweeping new proposals for Saudi general aviation herald official government sanction that would increase airports, aircraft operators, and MROs for the sector, which includes business aviation. The roadmap—"Saudi Arabia: A New Global Hub for General Aviation"—anticipates tourism growing 2.5 times by 2030 and an overall SAR$365 billion ($97 billion) to be spent on tourism and aviation.
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Saudi Arabia prepares for Riyadh Metro launch, more infrastructure to ease traffic
Saudi Arabia is looking forward to the launch of the Riyadh Metro and expanding the infrastructure to facilitate traffic, said Minister of Transport and Logistics Services Saleh Al-Jasser. Speaking at the third edition of the Future Aviation Forum (FAF) 2024, Al-Jasser asserted Saudi Arabia’s keenness to apply the latest technologies for traffic management and legislative arrangements to improve traffic in Riyadh.
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Saudi Aviation Industry Likely To Create 35,000 New Jobs by 2030
Saudi Arabia's aviation sector contributed $21 billion to the Kingdom's gross domestic product in 2023 while generating an additional $32.2 billion in tourism receipts, positively impacting other key areas of the economy.
"This transformation is one that we invite the world to share. We seek private sector partners with expertise to help us achieve our ambition," said Al-Jasser.
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Ireland, Spain, Norway announce recognition of Palestinian state
Ireland, Spain and Norway announced on Wednesday that they would recognise a Palestinian state on May 28, saying they hoped other Western countries would follow suit, prompting Israel to recall its ambassadors.Spain's Prime Minister Pedro Sanchez said the move was aimed at accelerating efforts to secure a ceasefire in Israel's war with Hamas in Gaza.
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Saudi Arabia completes 1st phase of desertification assessment with creating 246 maps
The National Center for Vegetation Development and Combating Desertification (NCVC) has completed a significant step in its fight against desertification with the first phase of a project to assess the state of land degradation across the Kingdom. This resulted in the creation of 246 detailed maps, which provide valuable insight into desertification trends and the current state of land degradation in different regions. NCVC teams conducted extensive field surveys, research, and studies to better understand the process of desertification and land degradation, and identify effective strategies to combat them.
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Saudi Ma’aden has extracted lithium from seawater, CEO says
Saudi Arabian Mining Company Ma'aden has successfully extracted lithium from seawater, although not at levels that are commercially viable and its project remains at the pilot stage, its CEO told Reuters on Tuesday.
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Saudi Crown Prince promises stable oil supply to Japan
Saudi Arabian Crown Prince Mohammed bin Salman promised stable oil supplies to Japan in a video conference with Prime Minister Fumio Kishida on Tuesday, the Japanese Foreign Ministry said in a media release. The crown prince told Kishida that "Saudi Arabia remains committed to the stable supply of crude oil to Japan and that Saudi Arabia would like to cooperate with Japan in other areas including the field of clean energy," it said.
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