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  • 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 […]

     
  • Internet in the Middle East Still Short of Its Potential
     

    Last week’s third ArabNet conference for digital entrepreneurs in the MENA region was, by the standard of these things, a modest affair. But nonetheless it showed how the regional digital economy has grown, and how it is poised to take off. As one commentator said: “Jordan for the talent, Lebanon for the creativity, Egypt for […]

     
  • Saudi to maintain oil supply if U.S. draws stocks
     

    Saudi Arabia is likely to maintain high oil production in the event consumer countries release emergency stocks, but it will not seek to lure buyers for more oil by discounting its crude, industry sources said. U.S. Secretary of State Hillary Clinton on Saturday in Riyadh sought an assurance from Saudi King Abdullah that the kingdom […]

     
  • Hillary Clinton: Time running out for diplomacy with Iran
     

    U.S. Secretary of State Hillary Rodham Clinton made clear Saturday that time is running out for diplomacy over Iran’s nuclear program and said talks aimed at preventing Tehran from acquiring a nuclear weapon would resume in mid-April. With speculation over a possible U.S. or Israel military attack adding urgency to the next round of discussions […]

     
  • Water Brings Green to Saudi Arabia
     

    Over the last two-and-a-half decades, a series of NASA’s Landsat satellites have captured these pictures of the growing agriculture industry in the northern reaches of the Syrian Desert in Saudi Arabia, not far from Jordan. Farmers use a technique called center-pivot irrigation to bring up water from below the desert floor to grow wheat and […]

     
  • U.S. Might Have More Oil Than Saudi Arabia, But…
     

    People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to be produced if bureaucrats will simply stop blocking development. In fact, in a recent debate between Republican candidates contending for Gabrielle Giffords’ recently vacated House seat, one candidate […]

     
  • Five short stories from World Energy Outlook
     

    The IEA’s World Energy Outlook (WEO) is an annual tradition, the result of much work, data analysis and presentation. A formative volume is produced for all to read and digest, but few of us have the time to do so in the detail required.  As such we rely to some extent on IEA presentations and summary documents. […]

     
  • Saudi Arabia will act to lower soaring oil prices
     

    In an op-ed in the Financial Times, Ali Al Naimi writes, “High international oil prices are bad news. Bad for Europe, bad for the US, bad for emerging economies and bad for the world’s poorest nations. A period of prolonged high prices is bad for all oil producing nations, including Saudi Arabia, and they are […]

     
  • “Out in the Blue” Part 9 of Video Series “Distant Arabia”
     

    In this clip excerpted with permission from the documentary The Prize: The Epic Quest for Oil, Money and Power based on the book of the same name by Daniel Yergin, the story of Tom Barger’s first journey to Saudi Arabia is related through his movies and letters. The complete story is told in Barger’s book […]

     

MUST-READS

  • Saudi intensifies investments in tourism talents

    The Riyadh School of Tourism and Hospitality, set to open in 4Q2024, is co-founded by the tourism ministry and Riyadh-based entertainment mega project Qiddiya in collaboration with the UNWTO. The institute will offer a range of educational programmes, from diplomas to Master’s degrees, and intends to welcome 25,000 students annually by 2030.

  • Boeing aims to ‘stabilize’ defense business as it pitches Mideast countries

    The Dubai Air Show opened with a whopping win for the company’s commercial business: a $52 billion purchase of widebody airliners from Emirates, followed by other orders, including a rebuy of 737 Maxes by Ethiopian Airlines. And on the defense side, NATO announced yesterday that it would buy six Boeing surveillance aircraft, the E-7 Wedgetail, marking another international win for the program. That all came just weeks after the company told investors that its defense business was proving harder to turn around than expected amid high-profile program delays and losses on fixed-price contract

  • Premature Gaza babies evacuated to Egypt; deaths reported at Indonesian hospital

    A first group of prematurely born babies evacuated from Gaza's biggest hospital were taken into Egypt for treatment on Monday, while Palestinian health authorities said people were killed inside another hospital encircled by Israeli tanks.

    More than two dozens babies were expected to cross, according to the Palestinian Red Crescent and Egypt's Al Qahera TV. The newborns had been in north Gaza's Al Shifa hospital, where several other newborns died amid a collapse in medical services partly caused by power cuts when fuel ran out.

  • Foreign investment in Saudi capital market reaches $93bn

    Foreign investment in the Saudi capital market reached SAR347.01 billion ($92.52 billion) in 2022, up from SAR305.34 billion in 2021 and SAR86.86 billion in 2018, according to the kingdom’s market regulator. Overseas investors constituted 14.2 percent of the total free float value in the Tadawul All Share Index (Tasi) last year, compared to 3.77 percent in 2018, the state-owned SPA news agency reported.

  • Foreign firms race to open Saudi offices before deadline

    A wave of ribbon-cutting ceremonies is sweeping the Saudi capital as multinationals face a January deadline to open regional headquarters in the Gulf kingdom or lose out on government contracts. In what has become a common scene, executives in suits and Saudi officials in white robes gather to inaugurate the new offices, sipping Arabic coffee in a haze of incense smoke while singing the praises of last year’s fastest-growing G20 economy. Announced in February 2021, Saudi Arabia’s regional headquarters (RHQ) programme is widely seen as a bid to compete with Dubai in the neighbouring United Arab Emirates, a favourite base for global firms with business in the Middle East.

  • Multinationals Rush to Sign Contracts with Saudi Arabia

    A wave of ribbon-cutting ceremonies is sweeping the Saudi capital as multinationals face a January deadline to open regional headquarters in the Gulf kingdom or lose out on government contracts.
    In what has become a common scene, executives in suits and Saudi officials in white robes gather to inaugurate the new offices, sipping Arabic coffee in a haze of incense smoke while singing the praises of last year's fastest-growing G20 economy.

  • Saudi social insurance subscribers reach 10.7 mln in Q3 2023: GOSI

    Saudi Arabia’s General Organization for Social Insurance (GOSI) said a total of 10.69 million public and private sector employees were registered in the social insurance scheme by the end of Q3 2023, an increase of almost 2% from 10.5 million in Q2 2023

  • Record-shattering roller coaster simulates falling from cliff with 155 mph speeds

    The massive roller coaster called "Falcon’s Flight" is located at Six Flags Qiddiya – a theme park that’s under development near Riyadh as part of the country’s Vision 2030 initiative aimed at promoting the Kingdom of Saudi Arabia’s economic, social and cultural diversification. The park is expected to open in October 2024. The Falcon’s Flight roller coaster is expected to have a 650-foot height and reach top speeds of 155 mph over the course of a 13,000-foot track, according to Intamin, the roller coaster’s designer and manufacturer. One of its major drops is designed to emulate a plunge over the side of a cliff.

  • Deals worth $1.5bn likely to be signed at Egyptian-Saudi business forum

    Investments between Saudi Arabia and Egypt are set to flourish as multiple agreements worth $1.5 billion are expected to be signed during the Egyptian-Saudi Business Forum. According to Egyptian-Saudi Business Council member Turki Al-Hokair, the event will coincide with the visit of Saudi Commerce Minister Majid bin Abdullah Al-Qasabi to Egypt and is scheduled for Nov. 20 in Cairo, Egyptian newspaper Al-Ahram reported.

  • Saudi Arabia Could Hold the Key to Seoul’s Arms Ambitions

    A likely weapons deal between Riyadh and Seoul could help South Korea realize its ambition to be a major player in the global defense market. The importance of such an agreement cannot be understated: Saudi Arabia is the world’s second-largest importer of major arms, and is shopping around just as the Asian supplier is looking to sell more-advanced weaponry.