The “General’s Plan” is being pushed by some members of Prime Minister Benjamin Netanyahu’s far-right government, despite pushback from the Israeli military, human rights groups and the White House. On Sunday, citing international and U.S. law, top Biden administration officials gave Israel a month to reverse course or risk losing American military assistance.
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Foxconn Eyes Potential $9 Billion Saudi Facility at Neom; Green Hydrogen Moves Forward
Foxconn, the world’s largest contract assembler of consumer electronics, is in talks with Saudi officials about the prospect of opening a $9 billion factory in NEOM, according to a report in the Wall Street Journal.
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Security and Defense Expert David Des Roches Joins The 966 to Talk Ukraine and the Middle East
The hosts invite NDU professor and security expert Col. David Des Roches (Ret.) back on the program for episode 29 to discuss Russia’s invasion of Ukraine and how it impacts the Middle East, as well as the changing role of NATO and energy markets. The hosts and Des Roches also discuss Lucid’s new plant in […]
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Jadwa Investment: Saudi GDP to Grow 7.7% in 2022
Saudi Arabia’s economy will “exhibit strong levels of growth in 2022, as pandemic related uncertainty and volatility seen over the last couple of years diminishes,” according to a new report from Riyadh-based Jadwa Investment, which said that the Kingdom’s overall GDP will expand by 7.7 percent in 2022.
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Saudi Arabia Transfers 4% of Aramco Shares Valued at $80 billion to Public Investment Fund
Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to the Public Investment Fund as part of efforts to move forward economic diversification efforts, according to reports.
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Fitch, Moody’s Rates Public Investment Fund of Saudi Arabia ‘A’ and ‘A1’; Outlook Stable
Saudi Arabia’s Public Investment Fund (PIF) has been assigned debut ratings by agencies Fitch and Moody’s, receiving an ‘A’ rating and ‘A1’ rating, respectively.
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KAPSARC’s Adam Sieminski joins The 966 to talk renewable energy and the circular carbon economy
The 966 welcomes a special guest for Episode 22 from Riyadh: Adam Sieminski, who just finished serving as President of KAPSARC, the leading think tank based in Saudi Arabia. Adam previously was the head of the U.S. Energy Information Agency, and was the senior director for energy and environment on the U.S. National Security Council […]
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Saudi Arabia Set to Send First Athlete to Winter Games in Beijing
The Kingdom of Saudi Arabia will be participating for the first time in history in the Winter Olympic Games in Beijing, China.
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The 966 Episode 21: A deep dive on the homegrown Saudi defense industry and the U.S.-Saudi security relationship with David Des Roches
Episode 21 of The 966 has the hosts welcoming special guest and security expert David Des Roches, Associate Professor at the National Defense University and a Non-Resident Fellow, AGSIW. Des Roches joins The 966 to discuss the status of the U.S.-Saudi security relationship and how Saudi Arabia is progressing in its efforts to develop a homegrown […]
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Episode 17: The Diriyah Art Biennale, The Red Sea Film Festival wraps, Philosophy in Saudi, and Expo Saudi 2030?
This week, the hosts discuss the Kingdom’s 2022 budget, the Diriyah Art Biennale ongoing now outside of Riyadh, the Red Sea film festival, a philosophical discussion in Saudi Arabia, and whether the Kingdom will host Expo 2030.
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Tadawul IPO Surges in Debut, CEO Says 50 Companies have Applied for 2022 Listing
Saudi Tadawul Group’s IPO raised $1 billion, with shares rising as much as 22% on Wednesday, marking the biggest exchange IPO since Euronext went public in 2014.
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MUST-READS
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Where a Million Desperate People Are Finding Shelter in Lebanon
In Lebanon, the displaced are practically everywhere. In Beirut, the capital, where many are staying, they have set up makeshift tents on the corniche by the sea, crafting shelters out of stray metal poles, bits of awnings and blankets. In the city’s parks and squares, some families have placed floor coverings on the ground, anchoring them with cases of water and folded blankets. Others are taking shelter anywhere that they can, mostly in schools but also in unfinished buildings.
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U.S. Central Command Conducts Multiple Strikes on Underground Iran-Backed Houthi Weapons Facilities
U.S. Central Command (CENTCOM) forces conducted multiple, precision airstrikes on numerous Iran-backed Houthi weapons storage facilities within Houthi-controlled areas of Yemen that contained various advanced conventional weapons used to target U.S. and international military and civilian vessels navigating international waters throughout the Red Sea and Gulf of Aden. These actions were taken to degrade the Houthi's capability to continue their reckless and unlawful attacks on international commercial shipping and on U.S., coalition, and merchant personnel and vessels in the Red Sea, Bab Al-Mandeb Strait, and the Gulf of Aden, and to degrade their ability to threaten regional partners.
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Tech-savvy Qatif grandmother keeps Saudi traditions alive for the social media generation
Dressing in traditional clothing and glistening gold jewelry is the daily norm for Fatma Abdullah Al-Malak, a 72-year-old, tech-savvy Saudi grandmother from Qatif who is working hard to keep the spirit of local culture alive through her social media activity. She creates educational content about local heritage and traditions, including clothing and cooking, and shares it on Instagram. In one video, for example, she explains the traditional significance of the Alrdah, a cloak or robe that hangs loosely across the shoulders and is worn by women when they leave the house.
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Israeli siege plan for Gaza under scrutiny as U.S. demands urgent change
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As Saudi Arabia looks to diversify economy, Hollywood takes notice
While Hollywood is interested in how the Saudis can fund projects, the Saudis see it the opposite way, according to some dealmakers. The country’s intent, they say, is to create a studio and production infrastructure at home and use Hollywood talent to bolster it. The focal point of that has been Neom, the futuristic city being built on the coast of the Red Sea. Neom already has six sound stages — with another four in the works — and the area boasts a cash rebate of up to 40% for qualifying projects.
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Egypt-Saudi Arabia Electricity Interconnection to be Complete in 2025
The first phase of the Egypt-Saudi Arabia electricity interconnection project will be operational by June 2025, according to Egypt’s Prime Minister Mostafa Madbouly. Comprising 1,200 km of overhead transmission lines, the project aims to facilitate the exchange of up to 3 GW of electricity upon completion. The transmission line will connect Saudi Arabia’s 380 kV Madinah East and 380 kV Tabuk converter stations with Egypt’s 500 kV Badr station. “The project will have a capacity of 1.5 GW and facilitate energy exchange between both countries,” Madbouly stated. “It will be a major milestone, with a total capacity of 3 GW which will surpass the total regional energy capacity of Gulf Cooperation Council countries.”
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16 ministry officials among 21 arrested as major drug trafficking network busted in Riyadh
The arrested persons were accused of crimes such as smuggling drugs from outside the Kingdom; replacing seized narcotics with similar ones before they were destroyed by the competent authority; transporting, promoting and trading drugs; destroying the evidences of transactions carried out by the defendants in drug cases, and leaking information about their convictions.
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Inter Milan becomes first club to get Saudi investment license
Italy’s Inter Milan has become the first international football club to receive a licence in Saudi Arabia. The ministry of investment licence will support the club in extending its brand presence in the Middle East and growing its fanbase. Inter Milan, or Nerazzurri, will bring its expertise and experience as a top-level football club to the country. “Through promoting talent and sports culture, the Nerazzurri club aims to contribute positively to the country’s future ambitions,” the club said in a statement.
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Saudi Arabia’s first arrivals duty-free stores open at King Khalid International Airport
Hailing the inauguration of arrivals duty-free at King Khalid Airport on LinkedIn, Riyadh Airports Chief Commercial Officer Abdulaziz Al-Askaer said: “The duty-free shops have been launched in the arrivals area in a first of its kind in the Kingdom’s outlets and it represents a major achievement that reflects our continuous commitment to improving the experience of our dear passengers. “Visitors to the Kingdom will be able to shop in the store and get a wide variety of products and gifts at competitive prices of high quality.”
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Officials and envoys welcome Saudi Arabia’s new Global Harmony Initiative
Saudi authorities publicly unveiled their new Global Harmony Initiative on Wednesday night during an official launch event in Riyadh. The aim of the initiative, announced earlier this week, is to celebrate and showcase the diverse range of nationalities and cultures among residents of the Kingdom by exploring their professional and family lives, social and recreational activities, contributions to the economy, success stories and cultural integration into Saudi society, organizers said.
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