ACWA POWER

ACWA Power to Build 100MW Solar Project in South Africa Following Major Investment Announcements from Saudi, UAE

200 gigawatts of solar could provide 95 percent of the country’s current electricity needs.
ACWA Power says it will begin construction this year on a 100MW solar energy plant in South Africa as Saudi Arabia and the UAE announced that the two countries will invest a combined $20 billion into the country, according to reports.

Saudi Arabia

News, analysis, and more

Bankruptcy Law

Bankruptcy reforms ‘will spur Saudi Arabian investment’

Saudi Arabia will introduce its first comprehensive bankruptcy law on Aug. 18 in a move designed to encourage foreign and domestic investment in private business, ...

 

OPEC

Saudis Offer Extra Oil in Asia as OPEC Leader Pumps More

Evidence is mounting that Saudi Arabia is heeding U.S. President Donald Trump’s call for OPEC to keep the oil market amply supplied and rein in ...

 

Power

First Saudi-made gas turbine goes into operation at new power plant

The plant, costing over SR3.75 billion, has a total capacity of 1,390 megawatt (MW) electricity, of which 50 MW will come from a solar component ...

 

SPARK

New energy park to fuel Saudi demand for office space

The development of King Salman Energy Park (SPARK), one of the largest investments in the Saudi Eastern Province, is set to boost sectors of Dammam Metropolitan ...

 

IAEA

Saudi Arabia hosts IAEA delegation for infrastructure review

The King Abdullah City of Atomic and Renewable Energy will receive a delegation from the International Atomic Energy Agency (IAEA) on July 15-24. ...

 

KAPSARC

Inside Zaha Hadid Architects’ KAPSARC in Saudi Arabia

After completing construction late last year, Zaha Hadid Architects‘ unveils a breathtaking video with an in-depth look at the firm’s King Abdullah Petroleum Studies & ...

 

Investment

Foreign Investors Share Exceeds 5% in Saudi Stock

Ownership of foreign investors in Saudi Stock Exchange (Tadawul) is on a rise reaching a new level of 5.02 percent. ...

 

Power

Saudi’s ACWA Power to start new solar project in South Africa

Saudi Arabian renewable energy developer Acwa Power has said it will begin construction this year on a 100MW solar energy plant in South Africa. ...

 

Missile Defense

Saudi Arabia intercepts ballistic missile targeting Najran

Saudi Arabia’s air defense system intercepted a ballistic missile fired by the Houthi militia from northern Yemen on Saturday. ...

 

Saudi +

Regional and related topics

U.S. Foreign Policy

Trump and Putin meet in Helsinki

Putin had always been scheduled to arrive first in Helsinki, so Trump delayed his departure to the Presidential Palace to accommodate Putin's tardiness. All told, ...

 

Turkey

U.S. State Department in talks with Turkey to sell Patriot system

The U.S. State Department is negotiating a potential deal to sell Turkey the Raytheon Co Patriot missile defense system as an alternative to the Russian-made ...

 

Syria Civil War

Video: Rebels’ underground tunnel network in Syria’s Douma

A complex of tunnels beneath Douma helped Syrian rebels to keep up their fight against the Assad regime for several years. ...

 

U.S.-China Trade

China Files WTO Complaint Over U.S. Tariffs On $200 Billion Of Imports

China has filed a case with the World Trade Organization against the U.S. to protest the Trump administration's plan to put new tariffs on $200 ...

 

South Africa

UAE pledges $10 bln in investment, South Africa says

The United Arab Emirates (UAE) has pledged to invest $10 billion in South Africa’s economy, including the tourism and mining sectors, the South African presidency ...

 

Iran

Mnuchin says U.S. will consider some waivers on Iran sanctions

The United States wants to avoid disrupting global oil markets as it reimposes sanctions against Tehran and in certain cases will consider waivers for countries ...

 

Shale Oil

U.S. oil boom delivers surprise for traders – and it’s costly

The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 ...

 

Bahrain

IMF Says Bahrain Needs Comprehensive Package of Economic Reforms

Bahrain needs a comprehensive package of reforms to reduce its fiscal deficits over the medium term, the IMF said, as the island kingdom seeks to ...

 

Recent Editions