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  • Not a Drop to Drink: The Global Water Crisis
     

    In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global warming is projected to exacerbate shortages in already water-stressed regions, even […]

     
  • Petchem projects lead Saudi industrialization drive
     

    The Saudi project market continues to thrive. Latest data from Meed put the value of projects “planned or underway” at $745 billion in mid-April, around 13 percent higher than a year earlier. These figures need to be treated with some caution: The topline number is some 30 percent larger than the nominal size of the […]

     
  • Journey of a lifetime
     

    To say that I was excited to be in the presence of such history would be an understatement. I had been looking forward to this trip for months and was absolutely beside myself. My purpose was to travel with my mother to Saudi Arabia to perform the Umrah, a mini version of the annual Hajj […]

     
  • Al-Qaida’s wretched utopia and the battle for hearts and minds
     

    Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]

     
  • Positive Steps: Interview with Saudi Minister of Finance Al Assaf
     

    The industrial sector is the real excitement for us, which is growing at a rate of 15 per­cent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy. A particular sector that we are excited about is the mineral […]

     
  • “Milestone” oil manipulation case unsettles traders
     

    U.S. regulators’ $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a “milestone” victory in their toughening stance on market malfeasance which is being closely watched by traders. In its first major case against an algorithmic trader, the Commodity Futures Trading Commission said late on Thursday that a court […]

     
  • Home boom aids Saudi Telecom profit surge
     

    Soaring demand for broadband helped Saudi Telecom Co (STC) post a 60 percent increase in first-quarter profit on Wednesday, with the former monopoly reporting rising revenues in its mobile, fixed line, corporate and wholesale units. The former monopoly, which will pay a quarterly dividend of 0.5 riyals per share, made a profit of 2.52 billion […]

     
  • Saudi tops in job creation in GCC
     

    The Gulf region continued to create jobs despite the impact of Arab Spring in 2011 with the regional powerhouse Saudi Arabia topping the list followed by Qatar and Oman, according to a new survey. The oil and gas industry, healthcare and retail sectors enjoyed the largest headcount expansion in 2011, while banking and construction fared the […]

     
  • Chart of the Day: A Short History of 200 Years of Global Energy Use
     

    If you want to tell the story of worldwide energy consumption over the past 200 years, you need three chapters. Chapter 1: The Coal Age. Chapter 2: The Oil Age. Chapter 3: The China Age. In the early days of industrialization, the use of biofuels such as wood declined as the West learned to live […]

     
  • Saudis Increasing Riyadh Water Supply
     

    With the bulk of Saudi Arabia’s drinking water coming from desalination plants, the country’s sky-rocketing population growth puts enormous demand on water supply. Arab News reports that a new desalination plant in the Eastern Province is gearing up to go online. When it is producing, it will nearly double the amount of water flowing into […]

     

MUST-READS

  • Russia and Saudi Arabia urge all OPEC+ countries to join output deal

    Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman have urged all OPEC+ countries to join the group's agreement on output cuts, saying it would serve the interests of the global economy.

    The appeal was made in a joint statement published on Thursday after the two met a day earlier and also said that Russia and Saudi Arabia had agreed it was important to boost cooperation in oil and gas, including in equipment supplies.

  • Saudi Arabia World Cup 2034: Sports minister defends state’s right to host

    Saudi Arabia has invested around £5bn in sports since 2021, when the country's Crown Prince made it a key part of his strategy to diversify the economy, with a host of major sporting events brought to the kingdom, including high-profile boxing and Formula 1.

    The country's Public Investment Fund has also launched the breakaway LIV golf series, taken control of four Saudi Pro League clubs and purchased Newcastle United.

  • Saudi Arabia World Cup 2034: Sports minister defends state’s right to host

    Saudi Arabia's sports minister says claims of 'sportswashing' against the country are "very shallow", as he defended its right to host the men's football World Cup.

    Speaking to the BBC in Jeddah, Prince Abdulaziz bin Turki Al Faisal said: "A lot of the people that accuse us of that haven't been to Saudi, or seen what we are doing."

    Critics say unprecedented spending on sport has been used to improve the oil-producing kingdom's reputation over its human rights record and its environmental impact.

    But the Saudi government insists the investment is boosting the economy, opening it up to tourism and inspiring people to be more active.

  • PGA Tour star Jon Rahm signs on to join Saudi-backed LIV Golf

    Golf superstar Jon Rahm officially signed on with the Saudi-backed LIV Golf league Thursday in an industry-shocking departure from the PGA Tour. The announcement follows numerous reports that indicated Rahm was gearing up to sign off on the deal. Rahm, who won the Masters in April and is ranked No. 3 in the world, told Fox New’s Brett Baier on Thursday, “The growth that LIV Golf has brought to the game is something with a ton of potential and something I’m really excited about.”

    “I can’t comment on that, private business,” Rahm added in response to speculation regarding the reported price tag of the deal.

  • Blinken says gap remains between Israel’s intent to protect civilians and results

     U.S. Secretary of State Antony Blinken on Thursday criticized Israel's conduct in its southern Gaza offensive, saying there was a "gap" between its intent to protect civilians and what has been happening on the ground.

    Speaking at a news conference in Washington following a meeting with British Foreign Secretary David Cameron, Blinken laid out concrete steps to ensure civilians are out of harm's way and the areas they go to are supplied with food, medicine and water.

  • UAE asks UN Security Council to vote Friday on demand for Gaza ceasefire

    The United Arab Emirates has asked for the U.N. Security Council to vote Friday morning on a draft resolution that demands an immediate humanitarian ceasefire in the war between Israel and Palestinian militants Hamas in the Gaza Strip, diplomats said.

    To be adopted, a resolution needs at least nine votes in favor and no vetoes by the five permanent members - the United States, Russia, China, France or Britain. The U.S. has said it does not support any further action by the council at this time.

  • Israel sharply ramps up Gaza strikes, U.S. alarmed

     Israel sharply ramped up strikes on the Gaza Strip, pounding the length of the Palestinian enclave and killing hundreds in a new, expanded phase of the war that Washington said veered from Israeli promises to do more to protect civilians.

    The Israeli military said on Friday it had struck more than 450 targets in Gaza from land, sea and air over the past 24 hours - the most since a truce collapsed last week and about double the daily figures typically reported since then.

  • Saudi Arabia lures businesses with 30-year tax cut offer

    Saudi Arabia is offering multinational companies major tax incentives if they set up regional headquarters in the Kingdom. The Ministry of Investment of Saudi Arabia (MISA), in coordination with the Ministry of Finance and the Zakat, Tax and Customs Authority (ZATCA) announced a 30-year tax incentive package for The Regional Headquarters (RHQ) Program.
    The scheme aims to streamline the process for multinational companies (MNCs) to establish regional headquarters in Saudi Arabia.

  • Turning a page, Greece and Turkey agree to mend ties

    Greece and Turkey on Thursday agreed to reboot their relations, establishing a roadmap designed to usher in a new era of closer ties between the two NATO allies but historical foes. In a landmark visit of Turkish President Tayyip Erdogan to Greece, the longtime sparring partners agreed to focus on pursuing good neighbourly relations, keep open channels of communication, seek military confidence-building measures to eliminate sources of tension, boost trade volumes and work on issues which have kept them apart, notably in the Aegean Sea.

  • As Aid Runs Out, Syria’s Displaced Fear Dying Of Hunger

    Displaced people in camps in northeast Syria have expressed fears about their future after the World Food Programme announced the end of food assistance across the war-torn country. "Stopping aid to the camps will exponentially increase suffering," said Ali Farahat, the director of the Maram camp for the displaced in the town of Atme near the border with Turkey.