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  • U.S. and Saudi Arabia Conduct Joint Strikes on IS Targets in Syria
     

    The United States and Gulf Arab allies, including Saudi Arabia, conducted joint airstrikes within Syria’s borders for the first time primarily on Islamic State targets in and around Raqqa, several news agencies and CENTCOM are reporting.  Islamic State militants bore the brunt of the large-scale attack, which included strikes from various aircraft and also missile […]

     
  • Builder of “Largest Swimming Pool on the Planet” to Construct Lagoon, Golf Course in Saudi Arabia
     

    Builders have already broken ground on a new $4 billion,  8-hectare project megaproject in Saudi Arabia, consisting of a large lagoon, the first Jack Nicklaus golf course in the Kingdom, and more as part of a larger development. The project, the Prince Sultan Cultural Centre (PSCC), is one of 8 mega projects the company has under development […]

     
  • C3 US-Arab Business Summit Set for October 6, 2014 in New York City
     

    Since 2012, C3 Summit, in collaboration with the US State Department, US Chamber of Commerce and the US Department of Commerce, has been producing US-Arab Summits focusing on healthcare, commerce and economic development between the Arab region and North America.   Given the continuing growth and importance of the business sector to both regions, C3 has developed the US-Arab […]

     
  • How Chairman and Owner of the Atlantic David Bradley Played a Key Role in Journalist’s Release
     

    Adam Goldman and Karen DeYoung detail in the Washington Post the role of David Bradley, Chairman and Owner of the Atlantic Media Group, and how the executive worked with an unnamed FBI Agent and Ghanim Khalifa al-Kubaisi, the chief of Qatar’s intelligence service, to free Peter Theo Curtis from captivity in Syria. The article draws […]

     
  • Sfakianakis: Now is the Time for Energy Subsidy Reform in Saudi Arabia
     

    Annual energy subsidies in Saudi Arabia amount to $120 billion; roughly a quarter of all global energy subsidies combined. As with subsidies worldwide, those in Saudi Arabia are in place primarily for political and social reasons. Unfortunately, energy subsidies result in numerous and profound economic distortions that ultimately do not benefit the poor in particular […]

     
  • 10 Things to Know: 2014 SACM Career Fair and Graduation Ceremony at the Gaylord Hotel in Washington
     

    If you’re attending the 2014 SACM career fair and graduation ceremony in the Washington, D.C.-area starting on May 24th, you’ll be joining thousands of other Saudi students in the U.S. for an excellent networking opportunity. Students on the King Abdullah Scholarship Program and their families come from around the country to celebrate their achievements and […]

     
  • Commerce Secretary Penny Pritzker Discusses Exports, New Initiatives at Atlantic Live Event
     

    The Atlantic magazine in Washington and its events arm Atlantic Live held a conversation today with United States Commerce Secretary Penny Pritzker and Washington Editor-at-Large, Steve Clemons to discuss the DoC’s efforts at promoting U.S. exports. Pritzker, who spoke last September at the U.S.-Saudi Business Opportunities Forum in Los Angeles for which SUSTG was a principal […]

     
  • KACARE and Saudi Arabia’s Frightening Consumption of Energy
     

    Four years ago, King Abdullah City for Atomic and Renewable Energy (KACARE) was established by a royal decree. Public statements highlighted the numerous nuclear and solar power plants that would be built and entered into production during the next 15 to 20 years. Large sums of money have been paid for advisers and global consulting […]

     
  • Saudi Arabia’s Non-Oil Export Figures are Just Numbers on Paper
     

    During the past few weeks, we have heard in statements from Saudi officials that Saudi Arabia’s non-oil exports are increasing. In 2013 alone, the value of Saudi oil exports increased by 6.7%, while non-oil exports increased by 2.4%. From 2003 to 2012, total non-oil exports increased from SAR 350 billion to 1.4 trillion.

     
  • Saudi Flood Toll: 11 killed, 4 still missing
     

    Floods that have ravaged Saudi Arabia from its capital, Riyadh, to regions in the Kingdom’s Eastern Province have claimed 11 lives, with four individuals unaccounted for, according to official figures released by Saudi Arabia’s state-run news agency. The SPA reports that out of those killed, seven were in Riyadh Region, two in the city of […]

     

MUST-READS

  • Violence intensifies in water-crisis protests in Iran’s Khuzestan

    Oil-rich Khuzestan, parts of which were temporarily seized by Iraq’s Saddam Hussein after he invaded Iran with backing from the West, has faced water problems for decades. Its large Sunni Arab population has long complained of being marginalised in predominantly Shia Iran.

  • Saudi water company signs $800m of contracts to expand services to 6 million people

    The Saudi National Water Company (NWC) has signed SR3 billion ($800 million) of agreements with contractors to supply water and sewage services to 6 million people. The 91 agreements with 44 contractors will lead to the building of 276,000 water connections and 229,000 sewage connections, NWC said in a statement.

  • Saudi Arabia says it supports Egypt, Sudan ‘legitimate water rights’ -SPA

    "The Kingdom calls on the international community to intensify efforts to find a clear mechanism to start negotiations between the three countries (Egypt, Sudan and Ethiopia) to get out of this crisis," SPA said.

  • How water sector PPP model attracts FDI into Saudi Arabia

    In wake of shifting economic trends, diversification and non-oil trade development, the Saudi government has opened various forms of private sector investments such as full or partial assets sale, IPOs, management buyouts, PPPs and outsourcing in the water industry of the Kingdom. KPMG’s latest report titled Success factors for Public Private Partnerships in the water sector delves into the prospected increase in water demand, as the Saudi population (37.27 million-2021) is expected to increase to 40.1 million by 2030, combined with a GDP growth of 2.6% per year. The population growth will also have a profound impact on wastewater to a potential 50% increase.

  • Saudi-based sustainable AgTech firm Red Sea Farms, a salt-water growing specialist, receives $10m investment

    Red Sea Farms was established in 2018 with a vision to reduce food insecurity, carbon and freshwater use in the global and Gulf food sectors. The company’s unique, end-to-end growing system primarily uses saltwater, cutting fresh-water consumption by 85 to 90 percent. Through a patented system of new, more efficient solar and growth monitoring technologies, saltwater replaces freshwater typically used to cool greenhouses and irrigate crops.

  • Saudi Bottled Water Company Is Said to Join List of IPO Hopefuls

    One of Saudi Arabia’s biggest bottled-water companies is exploring going public, according to people familiar with the matter. Riyadh-based Berain Water has hired the investment banking arm of Samba Financial Group to manage a possible initial public offering of a 30% stake, the people said, asking not to be identified as the information is private. No decision has yet been made and the company may decide against an IPO, they said.

  • Iran’s Biggest Problem Is Water

    Iran is parched. Indeed, this year is expected to be among the driest in the last 50 years. Of the country’s 85 million people, some 28 million people live in water-stressed areas, mostly in the central and southern regions. Water scarcity is hitting all segments of society, from urban households to rural farming communities.

  • Saudi Arabia and the global revolution in water treatment

    Seawater desalination was once too expensive to be viable – in the 1960s it cost $10 per cubic metre - but that cost has come down to as low as 50 cents per cubic metre, or even less. This means it is no longer the preserve of wealthy countries. “Ten years ago, the view of desalination was that it was a rich Arab state solution," says Nizar Kammourie, chief executive of Sawaco, one of the leading desalination companies in Saudi Arabia.

  • Can tech advances solve arid Middle East’s water scarcity problem?

    She warned of a looming global water crisis, with around 1.1 billion people already lacking reliable access to water, and 2.7 billion enduring scarcity for at least one month of the year. By 2025, an estimated two-thirds of the world’s population may face water shortages.

  • Israel agrees to send more water to Jordan after push from Biden

    Israel has committed under past agreements to supply Jordan with water. Every year, Jordan asks for an additional amount, and Israel typically agrees right away.