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Saudi Economy Surges as Non-Oil PMI Rises to Highest Since 2015 – Jadwa Investment
- November 1,2021
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- SUSTG Team
Saudi Arabia’s economy continued to gather significant momentum as nearly every recent measurement or data point available pointed to an expanding economy. In Jadwa Investment’s recent Chartbook for Saudi Arabia for the month of November, which uses data largely from September, non-oil PMI rebounded significantly rising to 58.6, the highest reading since 2015, supported by improving business […]
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The 966, Episode 9 – Net-Zero for Saudi Arabia, The FII in its 5th Year, and Tourism in the Kingdom
- October 29,2021
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- SUSTG Team
This week, The 966 hosts discuss a potential rival golf league to the PGA from Saudi Arabia, Boeing’s potential comeback, and Saudi Arabia has pledged to achieve net-zero emissions by 2060. The hosts also discuss the FII in its 5th year and the growing significance of the event, and whether tourism in Saudi Arabia can grow […]
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‘We are Ready to Roll’: Will Saudi Arabia’s Olayan Group Join the IPO Party?
- October 28,2021
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- SUSTG Team
Saudi Arabia’s Olayan family, which runs one of Saudi Arabia’s biggest conglomerates and is one of the richest in the Kingdom, may “revive plans to take some of its companies public,” according to a report today in Bloomberg.
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Saudi Aramco Chief Says World’s Spare Oil Supplies Are Falling Rapidly, Urges Production Investment
- October 27,2021
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- SUSTG Team
Saudi Aramco’s CEO Amin Nasser said that oil-output capacity across the world is dropping quickly and companies need to invest more in production, according to a story in Bloomberg. It’s a “huge concern,” Nasser said in an interview in Riyadh. “The spare capacity is shrinking.”
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Future Investment Initiative (FII) Kicks Off 5th Annual Summit with Focus on Climate, Humanity, Energy
- October 26,2021
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- SUSTG Team
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
- October 25,2021
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- SUSTG Team
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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The 966, Episode 8 – F1 Grand Prix in Jeddah, The Puzzle of U.S.-Saudi Ties, Tadawul Hits 15 Year High, Solar Costs Rise
- October 22,2021
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- SUSTG Team
This week, The 966 hosts discuss the upcoming COP 26 UN Climate Change Conference in Glasgow, the F1 race in Jeddah, an excellent recent commentary piece by Jon Alterman of the CSIS, Tadawul’s 15-year high, and the rising cost of solar energy components in Saudi Arabia.
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Saudi Arabia Looks to Turn its Smaller Stock Market, Nomu, Into Platforms for Startups to Raise Funds
- October 21,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, is in talks to recast its small-cap market, called Nomu, as a hub for the Middle East’s burgeoning startup industry,” people familiar with the matter told Bloomberg.
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An Exclusive Interview with Lina Almaeena on The 966 Podcast
- October 20,2021
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- SUSTG Team
The 966 interviews Saudi Arabia’s Lina Almaeena, who spent well over a decade leading the charge for women’s sports in Saudi Arabia after co-founding Jeddah United Sports Club in 2006. Almaeena then served on Saudi Arabia’s consultative body, the Shura Council, and continues to work to advance women’s empowerment in Saudi Arabia in line with […]
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Will Oil Reach $100?
- October 19,2021
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- SUSTG Team
In June, Bank of America forecasted that oil may reach $100 by sometime in 2022 on surging demand and a rebounding global economy. At the time, the Charlotte, NC-based bank was the most bullish of the major forecasters for a return to triple digits by 2022.
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MUST-READS
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Cyber's Most WantedPerspective: Feds Set a Risky Precedent by Indicting 7 Iranian Hackers
The DOJ should continue its hard work in attributing and calling out cyber attacks that impact the US and its citizens, but it should focus on the governments involved, not the individuals.
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SyriaSyria conflict: US and Russia want draft constitution by August
The US and Russia have agreed to aim for a draft version of a new constitution for Syria by August, US Secretary of State John Kerry has said.
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Foreign LaborGulf migrant workers will be biggest victims of oil shock: Kemp
Saudi Arabia relies more heavily on migrant labour than any other large country except neighbouring United Arab Emirates, according to the United Nations Department of Economic and Social Affairs.
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Flydubai CrashRussia mourns plane crash victims as investigation begins
At Rostov-on-Don airport about 400 people paid their respects to the 55 passengers and seven crew who died when the Boeing 737-800, operated by Dubai-based budget carrier Flydubai, crashed in the early hours of Saturday.
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Teacher RequirementsSaudi Arabia tightens restrictions on foreign teacher recruitment
Private and international schools can no longer hire non-Saudi teachers for Arabic language, Islamic education and social sciences, according to new regulations of the Ministry of Education.
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U.S.-IranUS Republican senators propose stricter sanctions on Iran
A group of U.S. Republican senators on Thursday unveiled legislation that requires the Obama administration to impose stricter sanctions on every sector of Iran's economy that supports the country's ballistic missile program.
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SyriaWatch: 11 Videos Marking Five Years of Conflict in Syria
As of Tuesday, five full years have passed since conflict began in Syria. In that time, an estimated 470,000 people have died in the war, 1.9 million have been injured, and 4.8 million refugees have fled the country, according to the Syrian Center for Policy Research and the United Nations High Commissioner for Refugees.
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SyriaSyria conflict: Russia’s Putin orders ‘main part’ of forces out
In a surprise move, Russian President Vladimir Putin has ordered his military to start withdrawing the "main part" of its forces in Syria from Tuesday.
- Washington Post - The Latest: Russian air force chief lauds Syria air campaign
- Defense One - Perspective: Putin Got Exactly What He Wanted in Syria
- AP - Putin Orders the Start of Russian Troops' Pullout from Syria
- FP - Russian Withdrawal Could Set Stage for Assad's Exit
- Quartz - Explaining Putin’s surprise move to pull most Russian forces out of Syria
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Gulf EconomiesAnalysis: Blood in the Water: Speculation on Gulf Currency Pegs Misses First Victims of Downturn
GCC states’ economies grew at a compound average rate of 5.8 percent per year between 2000 and 2012.
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War in YemenEnsuring Yemen’s state structures survive the conflict
None of the local, regional and international stakeholders in Yemen have in interest in seeing the currency or state institutions collapse – the only potential beneficiaries of the chaos that would follow such a collapse would be Al Qaeda or other extremist groups.
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