Recent stories from sustg

  • 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 […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • 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 […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • 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. […]

     

MUST-READS

  • Dubai could become home to the world’s largest ocean restoration project

    Dubai Reefs bills itself as the world’s largest ocean restoration project; if built it would consist of 77 square miles of artificial reef that will create a home for more than one billion corals and 100 million mangrove trees.

  • Training & developing Saudi young talent essential to the future of KSA’s entertainment industry

    The findings from a recent advisory board meeting, held in Riyadh, revealed that for Saudi Arabia’s entertainment industry to continue to grow exponentially, it would need to cultivate a dynamic and creative workforce, develop and hone the skills of the country’s youth, and lean into the global success of the kingdom’s giga-projects. The findings emerged from the Saudi Entertainment & Amusement (SEA) Expo advisory board meeting in April, which brought together the kingdom’s foremost experts in the entertainment industry to discuss current market dynamics and trends, challenges, and potential solutions, and map out the future of the entertainment and leisure landscape in the country. The findings will be used to shape the agenda of the SEA Expo and its three-day summit, set to take place at the Riyadh International Convention & Exhibition Center from May 28th -30th.

  • Saudi’s Morabaha Marina aims to raise up to $83.4 million in IPO – statement

    Saudi Arabia's Morabaha Marina Financing Company said on Sunday it is seeking to raise up to $83.4 million in an initial public offering on the Tadawul exchange to strengthen its capital base and support future growth. The independent non-bank finance institution plans to sell a 30% stake, or 21.4 million shares, in a price range between 13 riyals ($3.47) and 14.6 riyals per share, implying a total offer size of 278.6 million riyals ($74.29 million) to 312.9 million riyals, it said in a statement.

  • Khartoum Under Bombardment as Sudan’s Rivals Talk

    Truce deals have been repeatedly broken but the United States and Saudi Arabia are mediating talks in Jeddah aimed at securing a lasting ceasefire. "You don't know how long this war will continue ... The house became unsafe and we don't have enough money to travel out of Khartoum. Why are we paying the price of Burhan and Hemedti's war?" said Yassin, the teacher.

  • Saudi crown prince renames two Riyadh neighbourhoods after King Salman

    Saudi Arabia’s Crown Prince Mohammed bin Salman announced the renaming of two Riyadh neighborhoods after his father King Salman as part of efforts to develop them. The “Al-Waha” and “Salah Al-Din” neighborhoods have been renamed as the “King Salman Neighborhood,” where the area will be redeveloped to have imporved basic services, and recreational activities, Saudi state agency SPA reported on Sunday. Located in the heart of the capital with an area of 6.6 sq km, adjacent to King Salman Park, the neighborhood will also have Salmani architecture, a style that embodies tradition and modernity.

  • Iraq welcomes new agreement to expand energy ties with Iran

    Iran and Iraq signed an agreement on 10 May to expand energy ties and establish a joint office aimed at overlooking cooperation between the two countries, the Iraqi Oil Ministry announced, coming as part of Iranian Oil Minister Javad Owji’s visit to Baghdad. Upon arriving in the Iraqi capital, Owji was received by Prime Minister Mohammed Shia al-Sudani and discussed with him “the overall cooperation between Iraq and Iran, and ways to develop them,” as well as the ability to jointly confront “global economic challenges.”

  • The Gulf governments need to openly discuss the risks of artificial intelligence

    The Gulf countries’ rapid ascent up the income ladder during the last century would not have been possible had they insisted on in-sourcing every step. Importing foreign technologies, organizational philosophies, art, legal systems, and so on is an intelligent alternative to reinventing the wheel because of the time and resource savings. However, the floodgates should not be completely open, and homegrown capacity must be built for two reasons.

  • Why Are Saudi Arabia and Crown Prince Mohammed bin Salman So Popular in the Middle East?

    According to the well-respected Arab Barometer, in Jordan, Saudi Arabia ranks second only to Turkey in the public’s approval. Nearly half of Tunisians view Saudi Arabia—along with France and Turkey—favorably. Iraqis favor Saudi Arabia more than any country except China, and Mohammed bin Salman is their favorite leader only after the United Arab Emirates’ president, Mohammed bin Zayed.

  • Why Are Saudi Arabia and Crown Prince Mohammed bin Salman So Popular in the Middle East?

    Overall, it seems that as Saudi Arabia pursues a foreign policy independent of Washington, people in the region see the country as an engine of prosperity and a regional stabilizer. It is almost the exact mirror image of how the kingdom is perceived in the West. It would behoove U.S. officials and policymakers to take the polls and the reasons—however anecdotal they may be—for the kingdom’s popularity seriously.

  • Iran still smuggling weapons to Yemen despite Saudi deal, US says

    In recent months, the US and allied naval forces have intercepted a number of arms shipments along maritime routes they say are used for smuggling weapons from Iran to Yemen in violation of a United Nations arms embargo imposed in 2015. In a first-of-its-kind seizure, the US Navy in November intercepted a vessel in the Gulf of Oman with enough aluminum perchlorate onboard to fuel more than a dozen medium-range ballistic missiles.