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Recent stories from sustg
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Road to the G20: This Week’s Meetings Include Youth-Focused Y20, Finance Meetings
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. This week, Saudi Arabia will host the Y20 youth-focused group, as well as finance-focused meetings.
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Virginia-Based SAIC Wins $49.5 Million U.S. Navy Contract for Royal Saudi Naval Forces
The U.S. Navy awarded Reston-based Science Applications International Corp. (SAIC) a $49.5 million single-award task order to continue to provide the Royal Saudi Naval Forces support services for command, control, communications, computers, and intelligence, surveillance and reconnaissance (C4ISR) upgrade and refurbishment, a press release issued by the company confirms.
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Saudi Leaders Pay Tribute to Late Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Sabah
Saudi leaders expressed their tributes and condolences to the people of Kuwait following the passing of the Gulf nation’s emir, Sheikh Sabah al-Ahmad al-Sabah, who died at the age of 91.
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Kingdom’s Flagship Carrier Saudia Airlines is a Top Brand in Saudi Arabia, YouGov BrandIndex Finds
Saudi Arabia’s flagship carrier Saudia is atop of a newly-released brand popularity survey of the Kingdom from global polling firm YouGov.
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Saudi Arabia Sternly Condemns OPEC+ Production Quota Cheaters in Meeting
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman scolded members of a key OPEC+ panel about cheating on oil production quotas, but did not name countries by name, according to reports.
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A First Look at the Saudi PIF-Backed Lucid Air, Set to Challenge Tesla’s Market Dominance
Lucid Motors, backed by $1 billion from Saudi Arabia’s Public Investment Fund (PIF), unveiled its first vehicle, the Lucid Air electric sedan, at a virtual event from the company’s Silicon Valley headquarters.
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Bechtel Taps Former U.S. Ambassador to Bahrain as New President for Europe, Middle East Region
U.S.-based construction giant Bechtel announced a new president for Europe and the Middle East, appointing former U.S. Ambassador to Bahrain Justin Siberell as president for the Europe and the Middle East region, the company said in a press release.
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Saudi Youth, in Numbers: Kingdom’s Government Releases Data for International Youth Day 2020
Saudi Arabia’s General Authority for Statistics released a new report on Saudi youth with fresh data on the Kingdom’s large young generation entitled Saudi Youth in Numbers.
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Female Participation in Sports Soars in Saudi Arabia since Vision 2030
Saudi Arabia’s Ministry of Sports said that female participation in sports increased by nearly 150% over the past five years since the announcement of the Vision 2030 program, according to a report.
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Reports: Saudi Arabian-Backed Consortium Pulls Out of Bid for Newcastle United
A Saudi Arabian-backed consortium has pulled out of a bid to buy Newcastle United, the UK-based BBC and Sky News report.
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MUST-READS
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Energy prices: Pump aligning
In oil-exporting countries, which are particularly generous (the Middle East and north Africa account for half of the world’s energy subsidies), people are more likely to accept budget cutbacks because the economy as a whole is struggling with lower prices, says Jim Krane of Rice University. However, lower energy prices make subsidies cheaper. That can make it tempting to postpone hard decisions. Of the 19 oil exporters tracked by Mr Krane, only a handful started to cut subsidies in 2014.
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Saudi oil minister holds talks with U.S. energy deputy
Saudi Oil Minister Ali al-Naimi met U.S. Deputy Energy Secretary Elizabeth Sherwood-Randall on Tuesday in Riyadh where they discussed oil markets, the official Saudi Press Agency (SPA) reported.
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MAP: Middle East Energy Production, Chokepoints
The countries in the Middle East are sitting on oceans of oil and gas. So, whenever there's any news about escalating tension or turmoil in the Middle East, we can't help but wonder how much energy is exposed to disruption. This map helps to answer those questions.
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Energy Personality of the Year: Ali al-Naimi
According to the conventional analysis of Saudi power, Mr Naimi could at any point in the last six months have decided to cut Saudi production to stabilise the market at whatever level he chose. The fact that he has not done so opens up a cascade of consequences which are only just beginning to work through the system.
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Exclusive: Iran hackers may target U.S. energy, defense firms, FBI warns
The Federal Bureau of Investigation has warned U.S. businesses to be on the alert for a sophisticated Iranian hacking operation whose targets include defense contractors, energy firms and educational institutions, according to a confidential agency document.
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Energy Firms in Secretive Alliance With Attorneys General
The email exchange from October 2011, obtained through an open-records request, offers a hint of the unprecedented, secretive alliance that Mr. Pruitt and other Republican attorneys general have formed with some of the nation’s top energy producers to push back against the Obama regulatory agenda, an investigation by The New York Times has found.
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Report: Iran Hackers Infiltrated Airlines, Energy, Defense Firms
An Iranian hacker group has breached airlines, energy companies, defense firms and even the US Navy-Marine Corps Intranet, according to the US cyber security firm Cylance. The firm says these attacks — dubbed Operation Cleaver — showcase a dangerous leap forward in Tehran’s cyber skills as it seeks to retaliate against Western cyber attacks on its nuclear program. The goal of these attacks was apparently infiltration and information gathering, with motives beyond intellectual property theft.
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The New Energy Revolution and the Gulf
The U.S. boom has a profound strategic impact on the GCC. It feeds an existing narrative of a coming U.S. abandonment of the Gulf and a need to find alternatives to U.S. security partnerships. For the Gulf states, no ready alternatives are apparent. In part as a consequence, the Gulf states are increasingly proactive in the economics and politics of surrounding states, which has its own impact on U.S. diplomatic and security policy in the Middle East.
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2015 global oil balance loosens considerably in latest Short-Term Energy Outlook
EIA’s recently released November Short-Term Energy Outlook (STEO) projects that Brent crude prices will average $83/barrel in 2015, $18/barrel lower than last month’s outlook for 2015. STEO projects prices to remain in the $80 to $90 per barrel range next year, bottoming out under $82/barrel in the second quarter when balances are loosest and then increasing during the second half of 2015 to average $86/barrel in the fourth quarter.
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Saudi Arabia Wants to Become a Major Producer of Alternative Energy
Currently, natural gas provides around 43% of Saudi electricity, with fuel oil and diesel providing the rest, reports the IEA in a separate article. Electricity use has been increasing at 7.5% annually, adding to the already large demand in the kingdom. In 2011, Saudi electricity demand was at about 7,420 kWh per capita, more than three times as high Mexico’s per capita use, despite having similar total levels of consumption. Eighty percent of this consumption comes from Saudi’s building sector, with 70% of that coming from running air conditioning units, according to IEA reports . Because such a large amount of the electricity consumed in Saudi Arabia is linked to air conditioning, the peak demand for energy in the summer can be as much as twice the average demand in winter.
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