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Saudi Arabia’s Unknown Shale Potential is Yet Another Variable in Shifting Global Energy Landscape
- November 12,2015
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- SUSTG Team
The impact of the rise of shale production, particularly in the United States, has radically changed the trajectory of the global energy landscape. Only in the last year, when Saudi Arabia and OPEC decided to boost production rates to mute the impact of shale and regain market share, has conventional energy regained top-dog status in […]
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IEA 2015 Report: Oil Likely to Rise to $80 by 2020, but Risks for ‘Dependency’ on Low-Costs Producers Heightened
- November 11,2015
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- SUSTG Team
Consumers stand to benefit from an extended period of lower oil prices, but a prolonged period would “trigger energy-security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short,” the International Energy Agency (IEA) said in its 2015 World Energy Outlook publication (WEO-2015). […]
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Saudi Arabia Submits Climate Plan in Advance of Paris Summit
- November 10,2015
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- SUSTG Team
In advance of the November 30 – December 11, 2015 World Climate Summit in Paris, France, Saudi Arabia has submitted a plan to reduce it’s expected output of carbon emissions by 130 million tons by 2030. Reuters and Al-Arabiya reported that Saudi Arabia was the last of the Group of 20 major economies to submit […]
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King Salman Tops Region’s Most Powerful in Latest Forbes List following Eventful First Year
- November 6,2015
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- Lucien Zeigler
Forbes magazine has named Custodian of the Two Holy Mosques HRH King Salman as the most powerful personality in the Arab world in the magazine’s most recent list for 2015. Russian President Vladimir Putin (No. 1) takes the top spot out of 73 on Forbes’s seventh annual ranking of “The World’s Most Powerful People.” In a curious decision by […]
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Long Saudi Arabia’s Third Rail, Energy Subsidies May be Targeted to Address Fiscal Challenges
- November 4,2015
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- Lucien Zeigler
With shrinking assets and a growing budget imbalance, Saudi Arabia is reportedly eying cuts to its domestic energy subsidy program, long a third rail for Saudi domestic politics. Although a reduction in energy subsidies could help the government balance its budget, the subsidies may be challenging politically. “On paper, ditching subsidies would close around two-thirds of […]
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Why US Shale Oil Is At an Inflection Point
- October 30,2015
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- SUSTG Team
A recent Jadwa Investment report found that there will not be a collapse in shale oil production as a period of sector consolidation, through global integrated oil companies and private equity, ensures that shale oil remains a key player in the global oil market going forward. The report, which follows up on a comprehensive analysis published by […]
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Surge in Use of Stimulant Fuels Concern in Saudi Arabia
- October 28,2015
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- SUSTG Team
The recent arrest of a member of Saudi Arabia’s royal family for attempting to import 2 tons of an illegal drug has dragged Saudi Arabia’s underground drug culture into the spotlight. Use of fenethylline, more commonly known by its commercial name Captagon, is on the rise in Saudi Arabia and especially among the youth. The drug […]
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In Riyadh, Secretary of State John Kerry Meets with King Salman, Top Saudi Officials to Discuss Syria Coordination
- October 26,2015
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- SUSTG Team
Secretary of State John Kerry visited HRH King Salman and top Saudi officials in Riyadh over the weekend to discuss coordination in Syria, according to reports. Reuters reports that the United States and Saudi Arabia agreed to increase support to Syria’s moderate opposition while seeking a political resolution of the four-year conflict, the U.S. State […]
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Prince Abdullah bin Faisal bin Turki Al Saud Named New Ambassador to the United States
- October 22,2015
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- SUSTG Team
Saudi Arabia’s new ambassador to the United States, Prince Abdullah bin Faisal bin Turki Al Saud, has been sworn in by King Salman in a ceremony in Riyadh, according to the SPA and the Royal Embassy of Saudi Arabia. The swearing in ceremony took place at Al-Yamamah Palace in Riyadh for Prince Abdullah bin Faisal, […]
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Saudi Prince Turki al-Faisal Outlines Saudi Foreign Policy Principles, Bids Heartfelt Farewell to Late Brother at AUSPC Keynote
- October 19,2015
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- SUSTG Team
In remarks to attendees at the Arab-US Policymaker’s conference in Washington, D.C. last week, HRH Prince Turki al-Faisal outlined a Saudi foreign policy with three central pillars before paying a heartfelt tribute to his brother, the former foreign minister who passed away earlier this year. The remarks, included below, framed Saudi foreign policy around unity, […]
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MUST-READS
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Saudi Arabia announces 5 new initiatives worth $60 million at SGI Forum
Saudi Arabia unveiled five new initiatives, valued at $60 million (SR 225 million), reinforcing the Kingdom's leading role on climate and environment efforts. The initiatives were announced on the fourth edition of the Saudi Green Initiative (SGI) Forum, which began on Tuesday, coinciding with the 16th session of the Conference of the Parties to the United Nations Convention to Combat Desertification (COP16) in Riyadh. Five new initiatives, led by Ma’aden, Morooj Foundation in partnership with the private sector, and the Tanmiah Food Company, represent a $60 million investment to accelerate afforestation efforts. These initiatives aim to plant millions of trees and mangroves, scatter 300 million seeds, rehabilitate degraded land, reduce air pollution, and enhance biodiversity across the Kingdom.
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How French and Saudi architects are redesigning the cities of tomorrow
Saudi Arabia today is synonymous with megaprojects. Since the launch of the Vision 2030 reform agenda, the Kingdom has rolled out a range of major infrastructure projects, spanning everything from education and healthcare, to tourism and public transport. Last week, a new milestone was reached when King Salman inaugurated the Riyadh Metro — just one of the significant projects launched under the Vision 2030 framework. With demand for public transport on the rise, the new metro, which features six lines and 85 stations spread along 176 kms of track, will boost connectivity. Future extensions are already in the works, as the city builds new economic, tech, and cultural infrastructure.
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Saudi Arabia and World Bank Group to Establish a Global Knowledge Hub in Riyadh
The World Bank Group–Saudi Arabia Knowledge Hub (K-Hub) will serve as a platform for knowledge generation and exchange to drive greater development impact for countries. The K-Hub will facilitate inbound and outbound knowledge transfer, collaboration on innovative research, capacity building programs, and evidence-based policy solutions. “Diversifying economies and driving policies that lead to a more competitive and efficient business environment are key to success,” said Ajay Banga, President of the World Bank Group. “The new Knowledge Hub being created by the World Bank Group and Saudi Arabia is a key step forward to scale up and extend the wide reach of global knowledge critical to delivering such impact.”
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KAPSARC and Climeworks to explore feasibility of Direct Air Capture solutions in Saudi Arabia
The MoU outlines a roadmap to assess the deployment of new DAC systems in the Kingdom, focusing on availability of natural resources including subsurface CO₂ storage. Additionally, the initiative examines DAC’s economic and environmental impacts while fostering local workforce development, supporting the Kingdom’s broader sustainability goals and aligning with the Circular Carbon Economy (CCE) framework. KAPSARC’s Vice President of Knowledge & Analysis, Axel Pierru, emphasized the importance of this initiative, stating, “This collaboration marks a significant step in exploring innovative carbon removal solutions tailored to Saudi Arabia’s unique context and large geological CO₂ storage capacity. Our research shows the key role that the development of DAC in the Kingdom will potentially play in achieving a net-zero energy system, both domestically and globally.”
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France’s EDF, TotalEnergies awarded Saudi solar tenders during Macron visit
TotalEnergies will build an 0.3 gigawatt (GW) solar park in Saudi Arabia, while EDF Renewables will build two solar parks totalling 1.4 GW, as part of a series of deals announced on Tuesday during a visit by French President Emmanuel Macron to Riyadh. The French companies entered into 25-year power purchase agreements with the Saudi Power Procurement Company for the projects, which were awarded on a build-own-operate model as part of the kingdom's fifth renewable tender round.
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Saudi Arabia hits 900+ sports sponsorships in quest for influence
The study mapped 910 sponsorships in different sports and 1,412 positions in 207 Saudi entities, noting that the kingdom has significantly expanded its web of sponsorships, partnerships and strategic investments in 2024. Most of the sponsorships are with Saudi’s Public Investment Fund (PIF), which inked deals with the Association of Tennis Professionals (ATP), the Women’s Tennis Association (WTA) and soccer federation Concacaf, among others, over the last 12 months. All told, PIF accounts for 346 sponsorships across sports, according to Play the Game. That amount surpasses the total number of sponsorships Play the Game’s researchers identified in its dataset from 2023.
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China’s ties with Saudi Arabia buoyed by green tech
Bilateral trade has for many years been almost totally dominated by Chinese purchases of Saudi oil. But now, Chinese exports to Saudi Arabia are tracking towards a record high, at $40.2bn in the first 10 months of the year, up from $34.9bn for the same period last year, according to Chinese government data. China has also become the kingdom’s largest source of greenfield foreign direct investment, with investments from 2021 to October this year totalling $21.6bn, about a third of which were in clean technologies such as batteries, solar and wind, according to investments tracked by fDi Markets. This compares with $12.5bn from the US, the next highest.
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Saudi PMI hits 59 in November as non-oil sector grows
Saudi Arabia’s non-oil private sector ended November with robust momentum, as business activity expanded at its fastest pace since July 2023, latest business survey showed. The Riyad Bank Saudi Arabia Purchasing Managers’ Index rose to 59.0 in November from 56.9 in October, marking the fourth consecutive monthly increase, buoyed by accelerated growth in new orders, purchasing activity, and staff recruitment. Business activity saw its sharpest rise in 16 months, with firms linking the surge to stronger demand, higher customer volumes, and successful marketing campaigns. New order inflows, including foreign sales, rebounded after a modest pullback in the previous survey period.
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Saudi Arabian golfers privileged to be ‘trailblazers’ for golf in the Kingdom
Saudi Arabia’s five leading golfers are determined to showcase their quality on home soil when the PIF Saudi International powered by SoftBank Investment Advisers begins tomorrow at Riyadh Golf Club. Othman Almulla is one of a record five Saudi Arabian professionals competing at the event, which takes place in Riyadh for the first time, and three of them were in attendance, alongside global stars such as Abraham Ancer, Tyrrell Hatton and Dustin Johnson, for a launch press conference ahead of the tournament.
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An elaborate global system exists to prevent famine. It’s failing.
The process Haan and other aid workers sketched out in about a month eventually evolved into the Integrated Food Security Phase Classification, or IPC, a global partnership that’s a linchpin in today’s vast system for monitoring and alleviating hunger. It is designed to sound the alarm about developing food crises so organizations can respond and prevent famine and mass starvation. Critically, the IPC is struggling to access the data it needs to conduct informed analyses. With most of the world’s food crises being driven by conflict, it has become increasingly difficult to gather the information the IPC requires to classify vulnerable nations on its five-stage acute food-security scale.
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