The abductions were the latest of more than 118 “renditions” that Turkey’s intelligence service, MIT, has orchestrated over the past decade, according to the spy agency’s website, making it one of the most aggressive practitioners of such extralegal operations. In Nairobi, MIT relied on Kenyan government operatives to carry out the abductions and was able to bypass Kenyan courts, according to the Western security officials who, like others, spoke on the condition of anonymity to discuss a sensitive operation.
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Saudi Arabia Stuns World With Upset Win Over Argentina in Qatar World Cup Opener; King Salman Declares Wednesday a Holiday
- November 22,2022
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- SUSTG Team
In what some analysts are already classifying as one of the greatest upsets in the history of the World Cup, Saudi Arabia stunned tournament favorite Argentina, 2-1, in its opening match at Lusail Stadium in Doha.
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Oil Prices Fall as WSJ Reports OPEC is Considering an Output Increase on December 4
- November 21,2022
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- SUSTG Team
Saudi Arabia and other OPEC countries are discussing an oil output increase to be determined at its next meeting, the Wall Street Journal reports, “a move that could help heal a rift with the Biden administration and keep energy flowing amid new attempts to blunt Russia’s oil industry over the Ukraine war.”
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AGSIW’s Robert Mogielnicki joins the 966, MBS Goes to Asia, World’s Population Reaches 8 Billion, and more
- November 18,2022
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- SUSTG Team
Robert Mogielnicki from AGSIW and adjunct professor at Georgetown and GWU joins The 966 to talk NEOM, the PIF, the Saudi economy and so much more. The hosts talk about our neighbors – all 8 billion of them and counting – on planet Earth as the world’s population passes 8 billion. Lucien’s one big thing […]
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Saudi Arabia Signs $30 Billion Worth of Investment Agreements with South Korea
- November 17,2022
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- SUSTG Team
South Korean and Saudi Arabian leaders signed investment agreements worth at least $30 billion with South Korean companies in a major push to strengthen ties between the two nations, according to reports.
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Lucid Teases ‘Gravity’, its First SUV with Seating for Seven, Targeting 2024 for Launch
- November 16,2022
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- SUSTG Team
Lucid Motors today revealed ‘Gravity’, its first SUV with seating for up to seven people that “reimagines utility — and sport — like never before,” the company said on its website and in a promotional video on YouTube.
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Data Show Foreign Direct Investment Inflows into Saudi Arabia Falls 85% in Second Quarter on 2021 Aramco Deal
- November 15,2022
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- SUSTG Team
Saudi Arabia recorded second-quarter foreign direct investment (FDI) inflows down 85% year on year, an investment ministry report showed on Tuesday, with the reason for the significant drop attributed to the closing of state-owned Saudi Aramco’s IPO deal in the second quarter of 2021.
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Crown Prince Heads to G20 in Indonesia as Chinese Leader Xi Jinping Reportedly Eyes December for Saudi Visit
- November 14,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia will represent the Kingdom at the G20 in Indonesia at this year’s meetings, and will visit other Asian countries as part of the trip, state news agency SPA reported.
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Prince Waleed bin Nasser Al-Saud from Saudi-based Consultancy Mukatafa, more on the U.S.-Saudi relationship, Saudi’s mining sector, and more
- November 11,2022
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- SUSTG Team
Episode 65! Prince Waleed Bin Nasser Al Saud joins The 966 — Prince Waleed is CEO of Mukatafa, a consultancy based in Riyadh that brings together the public and private sectors in Saudi Arabia, forming an ecosystem that enables the private, public, and third-party sectors to collaborate, integrate, and grow together as the Kingdom drives […]
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PIF to List an Additional 10% of Saudi Stock Exchange; Investors Put in All Orders Within an Hour
- November 10,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is selling an additional 10% stake in the kingdom’s stock exchange, the Tadawul, “pushing ahead with plans to reduce its holdings in some of the country’s biggest companies and raise funds for investments,” Bloomberg reports.
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Saudi Arabia Evaluating Financing Options for NEOM, Hires New York-Based Lazard Ltd.
- November 9,2022
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- SUSTG Team
Saudi Arabia is evaluating financing options to develop NEOM, working with New York-based Lazard Ltd. to develop plans to potentially include debt sales and an initial public offering on the Saudi stock exchange for the high-tech city, people familiar with the matter told Bloomberg.
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MUST-READS
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Islamic Arts Biennale 2025 Opens in Jeddah, Saudi Arabia
The second edition of the Islamic Arts Biennale, titled And All That Is In Between, has officially opened in Jeddah. Organized by the Diriyah Biennale Foundation, the Biennale takes place at the Western Hajj Terminal of King Abdulaziz International Airport, a site that holds profound significance for millions of Muslim pilgrims traveling for Hajj and Umrah. The exhibition scenography is designed by the international architecture firm OMA, enhancing the experience with a thoughtful spatial narrative. The exhibition, which runs until May 25, 2025, explores how faith is experienced, expressed, and celebrated through feeling, thinking, and making.
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Saudi Moves Closer To 6th-Gen Fighter Aircraft. Italian PM Meloni Ready To Welcome Riyadh Into GCAP
The GCAP, launched in 2022, is a collaborative initiative that seeks to design, manufacture, and deliver a next-generation crewed combat aircraft. The member states of the GCAP grouping seek to induct the first aircraft developed under this program by 2035. Japan’s Mitsubishi Heavy Industries, Italy’s Leonardo, and Britain’s BAE Systems are leading the project as system integrators. On the question of whether the grouping will welcome the entry of Saudi Arabia, Meloni said, “We are in favor of the Saudis entering, but clearly this… will not be immediate,” emphasizing that the details of the GCAP still need to be worked out between the three founding nations. The Italian Prime Minister further added that opening up the multibillion-euro scheme to a fourth country will take time, without giving a tentative deadline.
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Saudi Arabia Set to Hike Oil Prices to Asia to 14-Month High
Refiners in Asia expect Saudi Arabia to hike its official selling prices (OSPs) to Asia for March to the highest against benchmarks since January 2024, a Reuters survey found on Monday, as Middle East’s key benchmarks are rallying on tightened Russian supply to China and India after the latest U.S. sanctions. Saudi Aramco, the world’s top crude oil exporter, is expected to raise the price of its flagship Arab Light grade to Asia loading in March by up to $2.50 per barrel over the Oman and Dubai benchmarks, three refiners in the Reuters poll said. Another refinery source expects Aramco to hike its OSPs for all grades by $3 per barrel.
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Turkey exploits post-9/11 counterterrorism model to target critics in exile
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How Will Saudi Arabia Respond to Trump’s $1 Trillion Demand?: Video
US President Donald Trump’s push for $1 trillion of investments from Saudi Arabia is “completely unrealistic,” according to Karen Young, a senior research scholar at Columbia University. But, the kingdom might make promises of defense purchases and service contracts over a long period, she told Jennifer Zabasajja on Bloomberg TV’s Horizons Middle East and Africa.
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Saudi Arabia approves Matternet drone delivery system
Matternet has been approved by The Kingdom of Saudi Arabia to operate its M2 drone within the region. The approval, which Matternet says is a first for the country, was granted by Saudi Arabia’s General Authority of Civil Aviation (GACA) after the agency determined that the M2’s Federal Aviation Administration (FAA) Type Certification issued by the United States met GACA airworthiness standards. Matternet’s M2 drone delivery system achieved FAA Type Certification in September 2022. Andreas Raptopoulos, Founder and CEO of Matternet, said the Middle East is a promising region for drone delivery. “Riyadh will have autonomous drone delivery as a new layer of city infrastructure, enabling ultra-fast, cost-efficient, zero-emissions delivery for its businesses and residents.” Matternet first entered the Middle East market in 2021 through a partnership with the Abu Dhabi Department of Health to provide city-wide medical delivery.
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‘Things are really changing for them’: Why explorer known as ‘Indiana Jones for girls’ is walking across Saudi Arabia
She’s been described as the “Indiana Jones for girls,” and after becoming the first woman to walk the full length of the Draa River in Morocco, UK explorer Alice Morrison is embarking on a new challenge — walking across Saudi Arabia. Accompanied by camels and local guides, Morrison will traverse through deserts and mountains during the 2,500-kilometer journey, which will take around five months in total. “It’s a massive adventure,” Morrison, who has been walking around 25 kilometers (15 miles) a day, tells CNN Travel via Zoom. “I seek challenge, knowledge and connection. And I think you get all of those doing what I do.” Morrison, who speaks fluent Arabic, concedes that she isn’t necessarily a typical explorer, and was actually working as a CEO of a media development company up until 2011.
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Saudi, other OPEC+ ministers meet after Trump calls for lower oil price
Saudi Arabia's energy minister and several of his OPEC+ counterparts have held talks following U.S. President Donald Trump's call for lower oil prices and ahead of a meeting next week of OPEC+ oil-producing countries, according to official statements and sources. Trump last week called on Saudi Arabia and OPEC to lower oil prices. OPEC+ has yet to respond, but five OPEC+ delegates said a meeting of the group's top ministers on Feb. 3 is unlikely to adjust its current plan to start raising output from April. On Monday, Saudi Energy Minister Prince Abdulaziz bin Salman held talks with Iraq's Hayan Abdel-Ghani and Libya's Khalifa Abdulsadek in Riyadh, the Saudi Press Agency (SPA) reported.
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Will Trump Trigger a New Oil Price War Between OPEC and The West?
One thing will have become extremely clear to Saudi Arabia’s Crown Prince Mohammed bin Salman in the lead-up to Donald Trump beginning his second stint as U.S. President. This is because he wants oil prices lower. He aims to achieve this by dramatically increasing oil exploration and production at home and by pressuring OPEC and its effective leader Saudi Arabia to lower their oil prices too, however they can. Surrounding this are various carrots and sticks that are part of the usual rough and tumble of dealmaking as Trump likes to practice it.
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Decarbonizing Saudi Arabia Energy and Industrial Sectors: Assessment of Carbon Capture Cost
Saudi Arabia has committed to achieving net-zero emissions by 2060. However, the economic implications of deploying CCUS within the Kingdom remain insufficiently explored. This work provides updated estimates of CO₂ emissions across key sectors in Saudi Arabia, including electricity, petrochemicals, refineries, cement, steel, ammonia production, and desalination, based on 2022 data.
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