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Recent stories from sustg

  • 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 […]

     
  • 10 Saudi women take fight against breast cancer to Mount Everest
     

    Princess Reema bint Bandar bin Sultan and the Zahra Breast Cancer Association launched a campaign on Tuesday where 10 Saudi women will climb to the Mount Everest base camp in May. The 10 climbers include Jude Al-Aitani, Asma Al-Sharif, Mashael Alhegelan, Mona Shahab, Noura Bouzo, Raha Al-Moharrak, Lina Almaeena, Samaher Mously, Hatun Madani, Alya Al-Sa’ad, […]

     
  • Saudi Arabia Jeddah Weddings
     

    I was approached, a couple of months ago by a media company, about the wedding video I made for my cousin’s wedding. The company makes documentaries and would like to make a documentary about modern day Saudi couples in Jeddah getting married. They were, in my opinion, too optimistic, but then again I am a […]

     
  • Saudi Market Opens Up, but Gradually
     

    Regulators of the Saudi stock exchange, Tadawul, the largest in the Arab world, are fine-tuning the draft of a law on Qualified Foreign Investors in the hope of attracting institutional fund managers to buy shares directly in the $400 billion market. The market, which is equal in size to the combined value of the stock […]

     
  • Opportunities in Water Production
     

    Saudi Arabia will increase by almost double its desalinated water production over the next three years according to the governor of the Saline Water Conversion Corporation (SWCC) who said the daily water production will rise from the current 3.3 million cubic meters to about 6 million. SWCC’s HR General Manager, Abdul Latif Al-Harkan, was a […]

     

MUST-READS

  • Saudi SMEs see $270m boost from government-backed fund

    More than SR1 billion ($270 million) has been allocated to small and medium enterprises in Saudi Arabia since 2017 by a government-backed platform known as Forsa. The Human Resources Development Fund announced in a statement that the platform, part of the “Nine Tenths” program, has witnessed significant growth, with approximately SR500 million being allocated in the year 2023 alone. Forsa serves as a link between suppliers and buyers, enabling registered entities to electronically review and submit price quotations for government and private sector procurement, according to the statement.

  • Naga review: A Hollywood-style comedy-thriller, but a distinctly Saudi story

    Adwa Bader plays Sarah, a young Saudi woman who is given a strict curfew by her incredibly conservative father after she asks him if she can go shopping. But the shopping spree is a bluff and Sarah has different plans. Instead of perusing the stores around Riyadh, Sarah meets up for a secret rendezvous with her potential suitor Saad (Yazeed Almajyul). Saad tells Sarah he has an invitation to an underground party way out in the desert. Sarah can’t resist the allure and quickly agrees to go. But only if Saad promises to have her back by 10pm, which is when her father has insisted he’ll be outside the store to pick her up.

  • Saudi Arabia’s Crown Prince arrives in Qatar for 44th GCC summit

    The summit is expected to tackle several topics such as political, security and economic cooperation among GCC countries with the ongoing events in Gaza dominating the summit’s work, Al Arabiya reported. The summit is being held “at a time where our region and the world are witnessing great challenges that our Gulf countries can play a major role in resolving and mitigating their effects,” Qatar’s Emir said on X. Israel launched a war on Gaza after Hamas militants stormed across the Israeli border on October 7 and carried out an attack that left 1,200 people dead.

  • Day 5 of COP28: Saudi Green Initiative Forum begins

    The Saudi Green Initiative Forum kicked off on Monday as COP28 continues to mobilize world leaders towards serious action against climate change. Held under the slogan “From Ambition to Action”, the third edition of the forum discussed critical sustainability, primarily energy transition, protecting the seas, and unlocking climate finance to enable climate action at the UN climate summit.

  • Saudi Arabia seeking further digital advancements in Silicon Valley 

    Discussions between Abdullah bin Amer Al-Swaha and Antonio Neri, president and CEO of Hewlett Packard Enterprise, were held on Dec. 5 to enhance local content and contribute to the growth of the Kingdom’s digital economy. The meeting focused on extending the strategic partnership into modern technology, cloud computing, and the localization of servers, as reported by the Saudi Press Agency. The minister highlighted Saudi Arabia’s potential for a strong digital infrastructure and its status as the largest market in the region. Talks also centered around the exploration of collaboration and partnership opportunities across various sectors.

  • Saudi Arabians envisage a rise in cross-border payments by 2024, study shows

    Mastercard’s Borderless Payments Report 2023 reveals 43% of people in Saudi Arabia expect to send cross-border payments more frequently in the next 12 months. Around 40% of people in Saudi Arabia expect to receive more cross-border payments in the next year.

  • Can Saudi Pro League become one of the world’s ‘top five’?

    A room full of raised eyebrows greeted Cristiano Ronaldo’s assertion in September that Saudi Arabia will one day be home to one of the ‘top five’ leagues in world football. Indeed, Ronaldo was being a good marketeer, playing his role as an ambassador for Saudi football to perfection. After all, this division has historically attracted little global interest despite being home to Asia’s most successful club team ever – Al Hilal.

  • Saudi Arabia’s Barn’s to launch IPO within 12 months

    Saudi Arabia’s Barn’s is planning to launch an initial public offering (IPO) within the next year. Founded in 1992 by the Al Amjaad Group, Barn’s currently operates more than 550 stores across Saudi Arabia – the Middle East’s largest market. Of its total store count, more than 70% is franchised. Speaking at the coffee chain’s annual Franchise Meeting in Jeddah, Al Amjaad Group CEO Mohamed Al Zain said the planned IPO would enable the public ‘to move from loyal customers to investors in the company’s success’.

  • Dassault Aviation CEO Confirms Rafale Talks With Saudi Arabia

    Dassault Aviation SA confirmed negotiations to sell Rafale fighter jets to Saudi Arabia, and said the company is confident an order from India for the hot-selling warplane will come through. Saudi Arabia is especially interested in the Rafale because, unlike with the Eurofighter Typhoon, there’s no worry about unforeseen export controls, Dassault Aviation Chief Executive Officer Eric Trappier told reporters Tuesday in Paris. The talks with Saudi Arabia, under way for several months, are unaffected by the conflict between Israel and Hamas, he added.

  • Record US oil output challenges Saudi mastery

    U.S. crude oil production set a record for the second month running in September, highlighting the challenge to Saudi Arabia and its OPEC⁺ partners as they cut their own production to boost prices. Repeated OPEC⁺ output cuts since the fourth quarter of 2022 have thrown a lifeline to U.S. producers, averting a deeper slump in prices and conceding more market share to them. U.S. crude and condensate production increased by 224,000 barrels per day (b/d) to 13.24 million b/d in September from August, according to the U.S. Energy Information Administration.