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Recent stories from sustg

  • U.S. Might Have More Oil Than Saudi Arabia, But…
     

    People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to be produced if bureaucrats will simply stop blocking development. In fact, in a recent debate between Republican candidates contending for Gabrielle Giffords’ recently vacated House seat, one candidate […]

     
  • 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 […]

     

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    Top companies in Saudi Arabia by dividend yield. Companies Market Cap lists top 155 companies.

  • Turkey’s resurgent opposition trounces Erdogan in pivotal local elections

    Turks dealt President Tayyip Erdogan and his party their biggest electoral blow on Sunday in a nationwide local vote that reasserted the opposition as a political force and reinforced Istanbul Mayor Ekrem Imamoglu as the president's chief rival.
    With most of the votes counted, Imamoglu led by 10 percentage points in the mayoral race in Istanbul, Turkey's largest city, while his Republican People's Party (CHP) retained Ankara and gained 15 other mayoral seats in cities nationwide.

  • Oil stays near five-month highs as tighter supply looms

    Oil prices were steady on Monday near five-month highs as markets expect tighter supply from OPEC+ cuts and attacks on Russian refineries while upbeat Chinese manufacturing data supported an improving demand outlook.
    Brent crude was 10 cents lower at $86.90 a barrel by 1115 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $83.14 a barrel, down 3 cents following a 3.2% gain last week.

  • Israeli troops leave Gaza’s Shifa Hospital a wreck in sea of rubble

    Israeli forces have withdrawn from Al Shifa Hospital in Gaza City after a two-week operation, the Israeli military said on Monday, leaving behind a wasteland of destroyed buildings and Palestinian bodies scattered in the dirt of the complex.
    Hundreds of residents rushed to the area around the Gaza Strip's largest hospital to check on damage to surrounding residential districts after fighting between Israel and the Palestinian Hamas group that administers Gaza.

  • Iran alerted Russia to security threat before Moscow attack

    Iran tipped off Russia about the possibility of a major "terrorist operation" on its soil ahead of the concert hall massacre near Moscow last month, three sources familiar with the matter said.
    In the deadliest attack inside Russia in 20 years, gunmen opened fire with automatic weapons at concertgoers on March 22 at the Crocus City Hall, killing at least 144 people in violence claimed by the Islamic State militant group.

  • From palm to pipeline: how Saudi Arabia’s date industry waste is boosting our drilling operations

    For thousands of years, people in the Middle East have made a living from date palms, harvesting the fruit, and turning the leaves into baskets and mats. But, what connects Saudi Arabia’s ancient date plantations to Aramco’s oil and gas operations, which are less than 100 years old? The answer is date palm seeds, which it turns out could be an ideal material for increasing the efficiency of drilling oil and gas wells.

  • Billboards to billions: Saudi’s OOH ad sector set to exceed SAR 3 billion

    With a market value set to exceed SAR 3 billion, the out-of-home (OOH) advertising sector is an example of a year on-year growing beneficiary of said reforms.

    Repeatedly proving its communication effectiveness for public and private entities, outdoor within the kingdom has become greatly complementary to the rapid urban expansion, population growth, social shifts, and increased dependence on mobility.

  • 1982 is a timely story of war’s impact on ordinary people

    The Arabic film 1982, directed and written by Oualid Mouaness, offers a rare and emotional depiction of the Israeli invasion of Lebanon that year and its impact on everyday people. Following the Israeli invasion through the eyes of a young boy at an elementary school in East Beirut, the film is a vehicle for Mouaness’s own memories of the invasion during his childhood. The relevance of the film’s commentary on war can be felt deeply while watching it now, as Palestinians in Gaza live their daily lives in the midst of violence and military invasion.

  • Opinion: The shifting contours of a multipolar Middle East

    Bulgarian politician and diplomat Nickolay Mladenov appropriately describes middle powers as “the lynchpins of cooperation in the intricate tapestry of international relations, wielding their influence to build bridges, foster peace, and drive progress.” He says they bring “diplomatic finesse and adaptability” to the fore. In the Middle East, this can be easier said than done. In these torrid times, however, a multipolar region would probably perform better in building bridges, fostering peace, and driving progress.

  • Tata Daewoo to build plant for producing trucks in Saudi Arabia

    South Korea's Tata Daewoo Commercial Vehicle Company announced on Monday that it will build a production plant in Saudi Arabia. Tata Daewoo signed a memorandum of understanding (MOU) for the establishment of the factory with local distributor Saudi Diesel Equipment Co. (SDEC) and local manufacturer Perfect Arabia Factory (PAF). Under the terms of the agreement, Tata Daewoo will provide technology support locally, while SDEC and PAF will collaborate to assemble Daewoo trucks locally.