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Recent stories from sustg

  • Five short stories from World Energy Outlook
     

    The IEA’s World Energy Outlook (WEO) is an annual tradition, the result of much work, data analysis and presentation. A formative volume is produced for all to read and digest, but few of us have the time to do so in the detail required.  As such we rely to some extent on IEA presentations and summary documents. […]

     
  • 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 […]

     
  • 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 […]

     
  • 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 […]

     
  • Saudi Aramco Rethinks Global Communications Strategy
     

    Saudi Aramco, the world’s largest oil company, is rethinking its global communications strategy as it undertakes an ambitious corporate transformation. The company is understood to be actively seeking public relations agency support across a wide range of areas, including media relations, internal communications, and event management. The review covers Saudi Aramco’s operations in the Gulf, North […]

     
  • Top-10 ranking in sight for Tadawul
     

    Saudi Arabia’s stock exchange is expected to quickly rank among the world’s 10 most active markets if it opens up to international investors.

     

MUST-READS

  • Opinion: How Alat can turn Saudi Arabia into a global manufacturing hub

    There are a lot of positives for the new company: significant funding; large domestic demand from greenfield mega-projects like NEOM, and city transformations in Riyadh and Jeddah; and a developing low-carbon energy system that sustainable manufacturers need. But still, the size of the challenge is daunting. Alat is targeting the creation of 39,000 direct jobs in Saudi Arabia and a $9.3 billion contribution to GDP by 2030, with manufacturing activities across more than 30 product categories.

  • Weather warnings issued across Saudi Arabia until Monday

    Moderate to heavy rain, leading to torrential rain, hail and high wind, has been forecast for Makkah region, including the Holy Capital, Al-Jumum, Al-Kamil, Bahra, Khulais, Taif, Maysan, Adham, Al-Ardiyat, Tarbah, Raniyah, Al-Muwayh, and Al-Khurmah. The Riyadh region will be affected by similar weather conditions, including the capital, Diriyah, Afif, Al-Dawadmi. Al-Quwayiyah, Al-Majma’ah, Thadiq, Marrat, Al-Ghat, Al-Zulfi, Shaqraa, Rumah, Huraymila, Darma, Al-Muzahmiyah, Al-Kharj, Wadi Al-Dawasir, Al-Salil, Al-Aflaj, Hotat Bani Tamim and Al-Hareeq.

  • World Court orders Israel to halt Gaza famine; Hamas says ceasefire needed

    The World Court on Thursday unanimously ordered Israel, accused by South Africa of genocide in Gaza, to take all necessary and effective action to ensure basic food supplies to the enclave's Palestinian population and halt spreading famine.
    But Gaza's Hamas rulers said a ceasefire was needed to halt the humanitarian crisis.
    The order from the International Court of Justice came as Israeli forces and Palestinian fighters battled in close combat around Gaza's Al Shifa Hospital, where the armed wings of Hamas and Islamic Jihad said they attacked Israeli soldiers and tanks with rockets and mortar fire.

  • Israel strikes Syria hard as its pilots resume regular drills for northern war

     Israel carried out its deadliest strikes in months on northern Syria's Aleppo province early on Friday, stepping up its campaign against Iran's proxies in parallel with its war in Gaza.
    Israel has ramped up airstrikes Syria against both the Lebanese Hezbollah militia and the Iranian Revolutionary Guard Corps (IRGC) since the Iranian-backed Palestinian faction Hamas's attack on Israel on Oct. 7, and in recent days its pilots have resumed regular practice for "deep" raids into Lebanon.

  • Israel may cut off Palestinian banks from global banking system next week

    Palestinian banks could be cut off from the Israeli banking system starting next week following a decision by Israel’s finance minister to cease dealings between the two financial institutions, according to a report on Thursday by Israeli newspaper Haaretz. Israeli Prime Minister Benjamin Netanyahu has two days to convene a cabinet meeting to discuss reversing plans by Finance Minister Bezalel Smotrich to isolate Palestinian banks from both the Israeli and international banking systems.

  • U.S. Census changes how it identifies people by race and ethnicity, creates Middle Eastern category for first time

    For the first time in 27 years, the U.S. government is changing how it categorizes people by race and ethnicity, an effort that federal officials believe will more accurately count residents who identify as Hispanic and of Middle Eastern and North African heritage. The revisions to the minimum categories on race and ethnicity, announced Thursday by the Office of Management and Budget, are the latest effort to label and define the people of the United States. This evolving process often reflects changes in social attitudes and immigration, as well as a wish for people in an increasingly diverse society to see themselves in the numbers produced by the federal government.

  • China will be a driving force for the world economic recovery, official says

    China aims to be strong driving force for the world economic recovery this year, opening its markets wider to foreign investors and promoting high quality growth, the country's top legislator Zhao Leji said on Thursday.
    China will make tech innovation a new point of economic growth and is willing to collaborate with other countries on it, Zhao, the chairman of the Standing Committee of the National People's Congress, said at the opening plenary of the annual gathering of the Boao Forum for Asia.

  • Ireland to intervene in South Africa genocide case against Israel

    Ireland said on Wednesday it would intervene in South Africa's genocide case against Israel, in the strongest signal to date of Dublin's concern about Israeli operations in Gaza since Oct. 7.
    Announcing the move, Foreign Minister Micheal Martin said that while it was for the World Court to decide whether genocide is being committed, he wanted to be clear that Hamas' Oct. 7 attack and what is happening in Gaza now "represents the blatant violation of international humanitarian law on a mass scale."

  • Biden’s oil boom

    Almost no matter the metric, the U.S. oil and gas industry has flourished under President Joe Biden, even though his administration has pushed hard to transition the U.S. economy toward a carbon-free future to fight climate change.

  • New poll shows waning American support for Israel war in Gaza

    A new Gallup poll shows a majority of Americans (55%) now oppose Israel’s military campaign in Gaza, while only 36% approve of it. That marks a sharp drop in support for Israel’s military campaign since its poll in November, which then found that 50% of Americans approved of Israel’s military action in Gaza, compared with 45% who disapproved.