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Recent stories from sustg

  • 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 […]

     
  • GE wins $200mn power plant conversion contract in Saudi Arabia
     

    GE said it has received a contract for nearly $200 million to supply steam turbine technology, power generation services and distributed control systems for the conversion of Saudi Electricity Co.’s (SEC) PP10 power plant from simple to combined-cycle operation. The project will add 1,300 MW to the plant’s capacity. “The conversion to combined-cycle operation is […]

     

MUST-READS

  • Saudi Arabia to host FIBA Asia Cup 2025

    The Saudi Basketball Federation (SBF) has been awarded the hosting rights for the FIBA Asia Cup 2025, with all the games to be played in Jeddah. This will be the second time that Saudi Arabia has hosted this prestigious continental event. The last time the Asia Cup was played in the Kingdom was in 1997, in Riyadh, where Korea lifted the trophy after beating Japan, 78-76, in the final. The hosts also made it to their first-ever semi-finals, finishing in fourth place. As there is continued growth for basketball in the region, the FIBA Asia Cup 2025 will engage millions of fans as Asia's flagship event makes its return to the Gulf.

  • US insistence on Saudi-Israeli normalisation amid Gaza war puzzles many

    US Deputy Secretary of State nominee Kurt Campbell told Congress on Thursday there is still willingness among the key players of the US-led talks to normalise ties between Saudi Arabia and Israel to restart the process even after the devastating October 7 attack by Hamas. “I think we can be carefully encouraged by some of the discussions that we’ve had to date that indicate that there still is a willingness among the key players to restart this process and continue it,” Campbell told senators during his confirmation hearing at the Senate Foreign Relations Committee.

  • Real estate developer discusses the appeal of the Saudi market: Video

    David Grover, group CEO of Roshn, says Saudi Arabia is the world’s biggest construction market.

  • Syria regime appoints new envoy to Saudi Arabia following 11-year absence

    Syrian President Bashar al-Assad has appointed a new envoy to Saudi Arabia following an 11-year absence, amid a recent thaw in relations between the regime and Riyadh.

    Deputy Foreign Minister Ayman Soussan was appointed with the role according to Syria’s state-run news agency SANA, and was subsequently sworn in during a ceremony attended by Foreign Minister Faisal Mekdad.

    The move comes as ties between Syria and Saudi Arabia were restored earlier this year, after Riyadh severed its ties with Damascus in 2012 over the country’s devastating civil war, in which the Assad regime led the brutal suppression of peaceful protesters.

  • 2024 budget boosts Saudi economic growth: Al-Sayari

    Saudi Arabia’s budget for 2024 aims to boost the Kingdom’s economic growth and development, Ayman Alsayari, Governor of the Saudi Central Bank (SAMA), said.   The Saudi economy proved to be highly resilient to face all global challenges, Alsayari added, pointing to the sound policies and decisions taken to preserve economic gains.   SAMA continued to perform its duties in harmony with the national economic requirements and Vision 2030.   The banking sector has financial solvency, operating efficiency and is able to face challenges.

  • Orsted Powers Up America’s First Major Offshore Wind Farm

    The turbine was installed just two weeks ago with union labor, and it’s the first of 12 that are expected to be completed by early 2024. Each one will have three blades measuring 318 feet from base to tip, or about twice the length of an olympic-sized swimming pool. When completed, the project will have the capacity to meet the electricity needs of some 70,000 homes on Long Island. New York officials estimate the project will eliminate up to 6 million tons of carbon emissions per year, similar to taking 60,000 cars off the road.

  • UN chief invokes rarely used power to push for Israel-Hamas cease-fire

    U.N. chief António Guterres invoked a rarely exercised clause in the United Nations Charter to push for an Israel-Hamas cease-fire, warning the organization’s Security Council that urgent action is necessary to help Gaza avert a “humanitarian catastrophe.” In a dramatic move, Guterres on Wednesday wrote to members of the Security Council and urged them to collectively call for a full humanitarian cease-fire.

    He said that two months of war had “created appalling human suffering, physical destruction and collective trauma across Israel and the Occupied Palestinian Territory.”

  • Opinion: What Jon Rahm’s shocking move to LIV means for golf’s future

    This is the moment it all becomes normal. When it’s no longer a spectacle, controversial, or even taboo. When it’s not about right or wrong or strong opinions or sticking it to the man. Jon Rahm’s move to LIV Golf is imminent, and it feels like the final confirmation that this is simply the way things are. This is what the golf world is going to be.

  • Saudi Arabia: Northern Trust Picks Riyadh for Gulf Base, Boosting Kingdom’s Push

    Northern Trust Corp. has become one of the first major global financial institutions to set up its regional headquarters in Riyadh, bolstering the Saudi government’s drive to get international firms to run their Middle Eastern operations from the kingdom. The firm, which has $1.3 trillion in assets under management, recently received a license from the Ministry of Investment of Saudi Arabia to set up its Middle East base in Riyadh. That comes ahead of a January 2024 deadline, when new rules kick in to restrict state entities from doing business with international companies that don’t have regional headquarters in the kingdom.

  • Saudi Arabia Says for First Time Some 2030 Projects Delayed

    After determining how much borrowing was acceptable, the government then went back to review the timeline of some projects, Al Jadaan told reporters on Wednesday.

    All plans had been reviewed based on “economic, social, employment and quality-of-life returns among other factors over the last 18 months,” he said. As a result, some are “being accelerated and some — largely projects in the pipeline which have not been announced yet — are given a longer executional timeframe,” he said.

    “There are strategies that have been postponed and there are strategies that will be financed after 2030,” Al Jadaan said. The process of reviewing project timelines is being led by a committee chaired by Crown Prince Mohammed Bin Salman.