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Crucial Test for Saudi Arabia, Russia on Oil Output at OPEC Meeting in Vienna
- November 29,2017
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- SUSTG Team
OPEC and Russia are facing a “crucial test” on Thursday at a meeting in Vienna as Saudi Arabia and Russia seek to come to an agreement on oil output. Oil traders are expecting OPEC to announce a nine-month extension to supply caps that are currently due to finish at the end of March 2018, but such […]
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NYT Columnist Tom Friedman Praises Saudi Arabia’s ‘Arab Spring, At Last’; Twitter Reacts
- November 27,2017
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- SUSTG Team
New York Times Columnist and bestselling author Tom Friedman met with Crown Prince Mohammed bin Salman in Saudi Arabia for a second time in three years to speak with the powerful and young leader about the ongoing Vision 2030 social and economic reform plans as well as ongoing regional and security issues facing the Kingdom. […]
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Westinghouse in Talks with Other U.S. Companies to Bid for Saudi Nuclear Opportunities, Reuters Reports
- November 21,2017
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- SUSTG Team
An exclusive Reuters report reveals that Westinghouse is in talks with other U.S-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors in Saudi Arabia, citing three industry sources. If the consortium forms and bids, it would have stiff international competition in countries like South Korea, France, and Russia, who […]
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Markets Rattled by Saudi Shake-Up, Rising Regional Tensions
- November 10,2017
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- SUSTG Team
Rising tensions between Saudi Arabia and Iran, as well as the kingdom’s crackdown on corruption last week that has seen over 200 jailed and $100b in assets frozen, have rattled markets in the region and kicked off efforts for wealthy Saudis to move money abroad, according to reports. In Lebanon, where tensions are escalating between the two […]
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Al-Jubeir: ‘There Is No Doubt’ Iranian-Built Missile Shot from Yemen ‘Act of Aggression’
- November 7,2017
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- SUSTG Team
Saudi Arabia’s Foreign Minister Adel Al-Jubeir said that Saudi Arabia had the right to defend itself against Iran and would take “appropriate” actions to counter Iranian aggression against the Kingdom, according to an interview the foreign minister gave to CNN. On Saturday, Saudi Arabia said it intercepted a missile shot from Yemen that nearly reached Riyadh’s […]
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Investors, Analysts with Mixed Interpretations After Wild Weekend in Saudi Arabia
- November 6,2017
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- SUSTG Team
Investors and analysts are mixed in their reactions after a wild weekend for Saudi Arabia that put the Kingdom into the international spotlight. Within the span of just days, Saudi Arabia said it shot down a missile that nearly hit Riyadh’s international airport, launched a new corruption body that immediately arrested some of Saudi Arabia’s wealthiest international businessmen and […]
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Despite Progress, WEF Ranks Saudi Poorly on Gender Gap Index
- November 2,2017
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- SUSTG Team
Saudi Arabia was among the lowest-ranked countries on in the World Economic Forum’s Global Gender Gap index, despite recently issuing new rules on women driving and other progress in the Kingdom. Saudi Arabia placed 138th out of 144 countries. The Kingdom’s Vision 2030 economic and social reform plans call for greater participation and empowerment of women in Saudi […]
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Saudi Arabia Takes Significant Step Toward Formal Tender for Peaceful Nuclear Power Plants
- October 31,2017
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- SUSTG Team
Saudi Arabia has sent a request for information (RFI) to international suppliers to build two nuclear power plants, a first step towards a formal tender, three sources told Reuters. Saudi Arabia has announced plans to extract uranium domestically as part of its nuclear power program and will start building its first nuclear reactors next year. Extracting […]
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Crown Prince Mohammed bin Salman Makes Rare Public Speaking Appearance at Conference in Riyadh, Announces New Megacity
- October 24,2017
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman made a rare public speaking appearance today at the Future Investment Initiative conference, organized by Saudi Arabia’s Public Investment Fund (PIF). The Forum in Riyadh, with attendance by chief executives of BlackRock Inc. and Blackstone Group LP and leaders from Goldman Sachs Group Inc. and J.P. Morgan Chase […]
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Saudi Arabia to Award Nuclear Reactor Contract by End of 2018; U.S. Set to Miss Out
- October 12,2017
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- SUSTG Team
Saudi Arabia plans to award a construction contract for its first nuclear reactors by the end of 2018, a senior government official said on Tuesday as reported in Reuters. “With sponsorship from the highest levels in the state, the contract will be signed by the end of 2018,” Maher al Odan, the chief atomic energy […]
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MUST-READS
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Opinion: GCC has the potential to become a global powerhouse
One of the most exciting developments for the region is the proposal for a Gulf railway to connect all six nations. With an expected length of over 2,000 kilometers, this railway will unite the GCC with opportunities for open trade and travel.
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Which countries have the most powerful passports?
For the third year in a row, Singapore and Japan have the most powerful passports in the world. According to data from the International Air Transport Association, analyzed by immigration consultants Henley& Partners, citizens of those two nations can travel to 192 of 227 destinations without having to secure a visa. On the bottom of the list—seven places below North Korea—is Afghanistan, where nationals can gain visa-free access to just 26 countries and territories. Several states severed diplomatic ties with the beleaguered country after the Taliban seized power in August.
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Mapped: Solar and Wind Power by Country
Wind and solar generated 10.3% of global electricity for the first time in 2021, rising from 9.3% in 2020, and doubling their share compared to 2015 when the Paris Climate Agreement was signed. In fact, 50 countries (26%) generated over a tenth of their electricity from wind and solar in 2021, with seven countries hitting this landmark for the first time: China, Japan, Mongolia, Vietnam, Argentina, Hungary, and El Salvador.
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Future Hospitality Summit Saudi Arabia reveals powerful program
Under the theme Reimagined Horizons, FHS co-organisers The Bench and MEED, along with Saudi-based organiser SEMARK, have designed the programme around key themes, including the future of hotel development, destination impact, aviation, sustainability, restaurant investment and human capital.
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The Energy Ministry of Saudi Arabia is Planning to Release a Request for Qualification for Kingdom’s First Hybrid Concentrated Solar Power PV Project
Saudi Arabia has set a target of having 58.7 GW of renewable energy by 2030 out of which 30% will be awarded by issuing tenders by the Ministry of Energy’s Renewable Energy Project Development Office of the country. The remaining 70% of 58.7 GW will be developed by private investors, the majority is expected to be developed by ACWA Power. The company soon submit proposals for projects.
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Wind Power’s ‘Colossal Market Failure’ Threatens Climate Change Fight
Western turbine manufacturers are now retrenching to shore up their bottom lines. The companies say they’ll compete for fewer projects in fewer markets, raise prices, streamline their product lineups and cut manufacturing costs. That comes just as surging fossil fuel prices should be making renewables more competitive.
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U.S. Power and Influence in the Middle East: Part Seven
What should the U.S. posture in the Middle East look like going forward? While there is a broad consensus that the last two decades produced few successes, there is less agreement on exactly what the United States should do to produce more successes or if success is even the right metric for U.S. efforts. How should the United States engage with partners in the Middle East, and how should it engage with adversaries? How does the Middle East fit into U.S. global strategy, especially one with an increased focus on Asia?
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How solar power is aiding energy transition in Saudi Arabia and other Arab Gulf states
Meanwhile, a Red Sea battery-storage project will help to ensure the new resort destination taking shape along the Kingdom’s western coastline is powered entirely by renewables, and the Kingdom also plans to establish 23 solar panel factories in 12 industrial cities. At the end of last year, the largest solar plant in the region, with a production capacity of up to 1.2 GW, was inaugurated in Tabuk.
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Shura Council Approves Saudi-Iraqi Power Grid Link, Maritime Transport Agreements
The electrical interconnection works between the Kingdom and Iraq will pave the way for establishing a regional market for electricity trade and support the two countries’ participation in such a market, according to the Saudi minister. The agreement aims to share the electricity-generating reserves and exchange electricity between the two countries for emergency use in case of a power cut, the official Saudi Press Agency reported.
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Russia’s Days as Energy Superpower Are Over, Yergin Says
S&P Global Vice Chairman Daniel Yergin discusses the impact of Russia's invasion of Ukraine on energy markets, and calls by Congressional Democrats for a windfall-profits tax on oil companies.
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