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A Special Holiday Edition of The 966: Extended ‘Yallah’ Conversation Covering 10 Top Storylines in Saudi Arabia This Week
The 966 kicks off the holiday season with a special edition of the weekly format. The hosts discuss airport takeovers, Soundstorm, The PGA’s standoff with a new Saudi-backed challenger league, the Jeddah Central project, Omicron in Saudi, and more.
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‘Best Places to Work’ Names Top 7 Saudi Companies in 2021
Novo Nordisk Saudi, Manga Productions, Foodics, Tamkeen Technologies, Roshn, International Maritime Industries and Saudi Arabian Packaging Industry are recognized as the top 7 best places to work in Saudi Arabia for 2021, according to the annual “Best Places to Work” certification program.
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Saudi Arabia’s 2022 Fiscal Budget Report Released, with First Surplus in Nearly a Decade Seen for 2022
Saudi Arabia released its budget for the 2022 fiscal year following the endorsement by the Council of Ministers on December 12th, with a few changes from the preliminary budget released earlier in September this year. As expected, Saudi Arabia is expected to register its first fiscal surplus since 2013.
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The 966 Podcast Interviews Fahad Nazer, Saudi Arabia’s Top Spokesperson for the Saudi Embassy in Washington
The 966 features an exclusive, two-part interview with Fahad Nazer, spokesperson for the Saudi embassy in Washington. In part one of the interview, the hosts ask Mr. Nazer about a wide range of mostly domestic and economic issues, including Saudi Arabia’s energy plans, the Kingdom’s relationship with the U.S. Congress (and the Biden administration), the […]
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Saudi Arabia Detects First Omicron Variant, Launches Health Probe
Saudi Arabia has reported the country’s first positive case of the omicron COVID-19 variant, and has launched a “epidemiological investigation,” according to reports.
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All Eyes on OPEC+ Meeting Thursday with Omicron Variant Looming Over Demand
The OPEC+ group of oil-producing nations is set to meet Thursday December 2nd to decide whether to stick with their plan to increase monthly oil output by 400,000 barrels a day in January, according to reports.
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Saudi Arabia to Invest $64 Billion in Entertainment Sector – Report
Saudi Arabia said it will invest $64 billion in its entertainment industry as part of its ongoing efforts to diversify its economy, according to reports.
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Saudi Arabia Seeks to Host World’s Fair in 2030
Saudi Arabia intends to submit a bid to host the Expo 2030 world fair, Saudi Crown Prince Mohammed bin Salman said on Friday, as the Kingdom continues to open itself up to the world and diversify its economy.
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Future Investment Initiative (FII) Kicks Off 5th Annual Summit with Focus on Climate, Humanity, Energy
The first day of the Future Investment Initiative (FII) conference kicked off this morning in Riyadh with a focus on investing in humanity, sustainability, and impactful investing. The FII comes just a day after the Saudi Green Initiative and Middle East Green Initiative Launch Events that concluded yesterday in the Saudi capital.
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Saudi Arabia Joins Global Community with Pledge to Achieve Net Zero Emissions by 2060
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Saturday at the Saudi Green Initiative (SGI) event that the world’s top oil exporter aims to reach “net zero” emissions of greenhouse gases, mostly produced by burning fossil fuels, by 2060, according to reports.
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Saudi Arabia allows employment of expatriate dependents in health and education sectors
The Ministry of Human Resources and Social Development has introduced a new initiative to enable the employment of expatriate dependents holding dependent visas in the health and education sectors, Okaz newspaper reported. The ministry outlined the steps to access this service. Users need to log into the Ajeer platform, select the Ajeer Dependents Service, fill out and submit the contract, and issue a dependents' permit.
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Saudi Arabia allows 100% foreign ownership in most business sectors
Saudi Vice Minister of Commerce and CEO of the National Competitiveness Center (NCC) Dr. Eman Al-Mutairi noted that the Kingdom allows 100% foreign ownership in most business sectors, a significant factor in attracting international investment. This was highlighted during the Saudi-Korean Business Forum on Tuesday, where Commerce Minister Dr. Majid Al-Qasabi emphasized that Saudi Arabia's Vision 2030 has led to substantial economic diversification, fostering sustainable and inclusive growth, and encouraging innovation across various business sectors.
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Saudi Arabia issued more than 82,000 visas for events in 2023
Saudi Arabia issued a total of 82,201 entry visas last year for foreigners to attend a calendar of sports, cultural and entertainment events as the kingdom is increasingly opening up to the outside world. The Saudi Ministry of Sports took the lead in the number of visas constituting 63 per cent of the total followed by the General Entertainment Authority with 22 per cent, and the Culture Ministry with 11 per cent, according to a breakdown in the Saudi newspaper Al Watan.
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Saudi Arabia Advances Globally in Several Indicators Per WEF Reports
According to reports released by the World Economic Forum (WEF) for 2024, the Kingdom of Saudi Arabia has achieved significant global progress in indicators of flexible working arrangements, ease of finding skilled employees in the labor market, and equal pay for equal work.
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U.S. officials in Saudi Arabia to discuss Yemen as Israel-Hezbollah tension grows
A senior U.S. delegation arrived in Saudi Arabia on Tuesday for talks about the situation in Yemen and the recent escalation between Israel and Houthi rebels, three U.S. officials said. The U.S. delegation is headed by Brett McGurk, the White House's top Middle East adviser, U.S. officials said. The State Department's top Middle East diplomat Barbara Leaf, the U.S. envoy for Yemen Tim Lendeking and the Pentagon's top Middle East official Dan Shapiro are also part of the delegation.
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Saudi deeptech Intelmatix scores $20 million Series A
Founded in 2021 by a group of MIT graduates led by Anas Alfaris, Almaha Almalki and Ahmad Alabdulkareem, Intelmatix provides both public and private sectors with accessible AI and advanced analytics that delivers technologies to improve operations, productivity, growth, and sustainability.
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Israel claims to kill Hezbollah senior commander in Beirut strike
Israel's military claimed it killed Hezbollah's most senior commander in an airstrike on Beirut on Tuesday, in retaliation for a cross-border rocket attack that killed 12 youngsters three days ago which it blamed on the Lebanese armed group. A loud blast was heard and a plume of smoke could be seen rising above Beirut's southern suburbs - a stronghold of the Iran-backed Hezbollah - at around 7:40 p.m. (1640 GMT), a Reuters witness said.
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Oil Prices Soar After Israel Kills Hamas Leader and Hezbollah Senior Commander
Israel’s defense minister, Yoav Gallant, said Hizbollah had “crossed the red line” with the attack, and days later launched three rockets into the Haret Hreik neighborhood in Beirut. Lebanon's Prime Minister Najib Mikati condemned "blatant Israeli aggression" and Iran’s foreign ministry condemned the attack as “a blatant violation of Lebanon’s sovereignty and territorial integrity”.
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The Evolution of Bahrain’s Post-Pandemic Economic Philosophy
Governments across the world continue to evolve their approaches regarding how involved they should be to best support the economy based on their own experience and in response to the emergence of new intellectual or academic theories. Bahrain reflects a microcosm of this general trend, as its economic strategy has gradually metamorphosed during the last 30 years. A key feature has been a transition to a more interventionist approach following the state’s successful management of the coronavirus pandemic.
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Who was Ismail Haniyeh and why is his assassination a blow to Hamas?
Ismail Haniyeh, the Hamas leader who was killed in Iran, was the tough-talking face of the Palestinian group's international diplomacy as war raged back in Gaza, where three of his sons were killed in an Israeli airstrike. But despite the rhetoric, he was seen by many diplomats as a moderate compared to the more hardline members of the Iran-backed group inside Gaza.
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