SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

  • 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 […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     
  • 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 […]

     
  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • 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 […]

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     

MUST-READS

  • Middle East maintains IPO momentum into 2023, EY says, despite slowdown

    "MENA IPOs continue to go against global trends in these uncertain economic times, building on the momentum from last year," Brad Watson, EY's Middle East and North Africa (MENA) strategy and transactions leader, said in a statement. Middle East companies last year raised some $21.9 billion through IPOs, Dealogic data shows, more than half the total for the Europe, Middle East and Africa region. MENA saw a 33% drop in the number of IPOs and a 14% fall in value in the first quarter from the year-prior period.

  • Commentary: Syria’s normalization signals a new Middle Eastern order

    His return to the Arab fold marks the ongoing consolidation of what can only be described as a new regional security architecture, a framework for managing rivalries that is perhaps the most significant shift in regional dynamics since the U.S. invasion of Iraq. Alongside other steps that have narrowed regional divides — between Iran and Saudi Arabia; Qatar and its counterparts in the Gulf Cooperation Council; Turkey and Arab rivals such as Egypt; Israel and Lebanon over maritime issues; or Israel, the UAE, and Bahrain — Syria’s normalization is an additional step toward the de-escalation of intractable regional conflicts. The effects of this shift are also evident in Yemen, where Saudi-Iranian rapprochement has made possible the longest ceasefire yet in the country’s decade-long civil war.

  • Middle East maintains IPO momentum into 2023, EY says, despite slowdown

    Middle East companies raised nearly 16% of the total proceeds from initial public offerings (IPOs) globally in the first quarter, as the region's momentum from a blockbuster 2022 continued, consulting firm EY said on Wednesday. Companies in the region raised $3.4 billion in the first quarter from 10 IPOs. That included a $2.5 billion listing by ADNOC Gas, a unit of Abu Dhabi's state oil giant, which was the quarter's largest IPO globally.

  • Saudi Red Sea tourism developer considers IPO or investment trust

    Saudi Arabia's Red Sea tourism megaproject developer is considering a potential initial public offering or a real estate investment trust as part of its future growth plans, set against the backdrop of the kingdom's efforts to develop non-oil sectors. Red Sea Global is currently in “very early stage” discussions with banks and stakeholders, the company's chief executive John Pagano told The National in an interview on Wednesday. “Nothing is off the table. We are looking at all different options, amongst which would be an IPO, which is a normal evolution of a company like ours,” he said.

  • Yemen peace push ‘serious’ but next steps unclear: Saudi envoy

    Warring parties in Yemen are "serious" about ending a devastating eight-year-old conflict but it is impossible to predict when direct talks, much less a breakthrough, might happen, Saudi Arabia's envoy told AFP. "Everybody is serious. Serious means everybody is looking for peace," Mohammed al-Jaber said in his first extensive comments after meeting with Huthi leaders in Sanaa last month. But he added: "It's not easy to be clear about next steps." The comments seemed to undercut expectations for an imminent deal to conclude fighting that has killed hundreds of thousands of people directly and indirectly and left two-thirds of Yemen's population dependent on aid, according to the United Nations.

  • Saudi Aramco to begin bitumen exports from Yanbu

    State-controlled Saudi Aramco will begin bitumen cargo exports in June from Yanbu on the Red Sea coast, home to the 400,000 b/d Yasref refinery. The company's base oils arm Luberef, which will handle the export business, plans to ship its first bitumen cargo of around 5,000t from Yanbu at the end of June. It wants to export up to 500,000 t/yr from the facility. Aramco operates the Yasref refinery in a 50:50 joint venture with China's state-run Sinopec. The move would add to global supply at a time when concerns over bitumen production and availability in many parts of Europe have been heightened by the EU and UK ban on imports of Russian crude, refinery feedstocks and bitumen.

  • American couple fulfilling travel dreams in Saudi Arabia

    Currently they are working at KAUST, where Eric works in the office of admissions and student recruitment while Ashley teaches grade one at the KAUST School. Speaking to Arab News about their adventures in Saudi Arabia, Ashley said: “When we moved to Saudi Arabia, the country’s location at the nexus of Asia, Europe and Africa was really appealing. Our initial plan was to use Saudi Arabia as a great location to explore the world — and we did just that.

  • Ithra Supports Saudi Comedy Trend at the 9th SFF

    The theme of the 9th Saudi Film Festival hosted by Ithra this week is comedy. According to Ibrahim Al Khairallah, producer of hit Saudi comedy Sattar (2022), now showing at the festival: “Eight out of ten of the most popular Arab films are comedies.” That’s why he decided to make a comedy. “We’re just starting out so I’m doing it for financial reasons until we’re established. Then with time, we can start making more artsy films.” Al Khairallah spoke during an insightful panel hosted inside the Production Market of SFF, moderated by Cairo-based journalist and programmer Andrew Mohsen, and also featuring esteemed film critic and frequent MIME collaborator Jay Weissberg.

  • Saudi Aramco to Postpone Mega IPO of Energy Trading Unit

    Aramco had been planning to list the business in late 2022 or early this year and was considering seeking a valuation of more than $30 billion, Bloomberg News reported previously. It now feels it could be difficult to list such a large business on the Riyadh bourse at the moment, the people said. The Saudi firm also wants to take more time to complete the integration of its main trading unit with the trading arm of its US refining business Motiva Enterprises LLC before proceeding with the IPO, the people said.

  • Cases against social media influencers raise concerns over freedoms in Iraq

    Iraq’s judiciary is issuing arrest warrants and convicting social media stars over allegedly inappropriate content. Reactions to these measures have been divided. Some Iraqis support the moves, feeling that certain videos and social media posts are indecent and offensive. But others have raised concerns over the legality of the cases and questioned whether this could be the beginning of a wider crackdown on freedoms and government opponents.