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IEA 2015 Report: Oil Likely to Rise to $80 by 2020, but Risks for ‘Dependency’ on Low-Costs Producers Heightened
- November 11,2015
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- SUSTG Team
Consumers stand to benefit from an extended period of lower oil prices, but a prolonged period would “trigger energy-security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short,” the International Energy Agency (IEA) said in its 2015 World Energy Outlook publication (WEO-2015). […]
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Saudi Arabia Submits Climate Plan in Advance of Paris Summit
- November 10,2015
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- SUSTG Team
In advance of the November 30 – December 11, 2015 World Climate Summit in Paris, France, Saudi Arabia has submitted a plan to reduce it’s expected output of carbon emissions by 130 million tons by 2030. Reuters and Al-Arabiya reported that Saudi Arabia was the last of the Group of 20 major economies to submit […]
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King Salman Tops Region’s Most Powerful in Latest Forbes List following Eventful First Year
- November 6,2015
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- Lucien Zeigler
Forbes magazine has named Custodian of the Two Holy Mosques HRH King Salman as the most powerful personality in the Arab world in the magazine’s most recent list for 2015. Russian President Vladimir Putin (No. 1) takes the top spot out of 73 on Forbes’s seventh annual ranking of “The World’s Most Powerful People.” In a curious decision by […]
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Ahead of Critical Syrian Peace Summit, Saudi Arabia Looks to ‘Test’ Iran on Commitment to Peace
- October 29,2015
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- SUSTG Team
Vienna, Austria will play host to a crucial meeting on Friday on the future of Syria and international efforts to end the bloody 4-year civil war that has left hundreds of thousands dead and has served as a breeding ground for Daesh, or the self-described ISIS. For the first time, all the main powers with […]
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This is Damascus Now: Incredible Drone Footage Reveals Extent of Devastation in Damascus from Syria’s Bloody Civil War
- October 23,2015
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- SUSTG Team
Incredible aerial footage of Syria’s capital, Damascus, has emerged showing widespread devastation to a once vibrant city. The Associated Press reports that the original video was shot by RTR war correspondent Yevgeny Poddubny on October 18, noting, “thousands of Syrian army airstrikes and barrel bombs dropped from army helicopters throughout the country’s civil war have reduced […]
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Report: U.S. State Department Approves Sale of $11.5b Littoral Combat Ships to Saudi Arabia, Latest in ‘Biggest Year Yet’ for U.S. Arms Sales
- October 20,2015
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- SUSTG Team
The State Department has approved the sale of as many as four Littoral Combat Ships for $11.25 billion under the Foreign Military Sales program according to an official cited by Bloomberg. The approval allows the Saudis to negotiate contracts for the ships unless Congress passes legislation to block the deal, the report said. The news […]
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Saudi Prince Turki al-Faisal Outlines Saudi Foreign Policy Principles, Bids Heartfelt Farewell to Late Brother at AUSPC Keynote
- October 19,2015
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- SUSTG Team
In remarks to attendees at the Arab-US Policymaker’s conference in Washington, D.C. last week, HRH Prince Turki al-Faisal outlined a Saudi foreign policy with three central pillars before paying a heartfelt tribute to his brother, the former foreign minister who passed away earlier this year. The remarks, included below, framed Saudi foreign policy around unity, […]
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Perspective: “Lessons from America’s Continuing Misadventures in the Middle East” – Chas Freeman’s Speech to AUSPC in Washington
- October 15,2015
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- SUSTG Team
In the opening keynote at this year’s 24th Arab-US Policymaker’s conference, Ambassador Chas W. Freeman, Jr. discussed the lessons from America’s “continuing misadventures in the Middle East.” The event, hosted by the National Council on U.S.-Arab Relations in Washington, D.C., enters its second day today at the Ronald Reagan International Trade Center. Ambassador Freeman chairs Projects […]
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As Putin Ramps Up Attacks in Support of Assad, Saudi Arabia and the Gulf States Eye a Response
- October 5,2015
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- SUSTG Team
Russia’s recent military escalation in support of Syria’s embattled president is placing Riyadh and Moscow on a collision course as regional powers vie to determine the future of in the war-torn country. In the near term, it is expected that Russian air power will “provide desperately needed air support and boost the morale of Syria’s battered […]
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An Overview of the Conflict in Yemen, in Maps
- October 1,2015
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- SUSTG Team
The European Council on Foreign Relations published an extensive and informative overview of the conflict in Yemen using maps to show the country’s political history and ongoing conflicts. “Far from reaching a tidy conclusion,” the conflict is War in”growing, if anything, more complicated by the day,” the EUCFR writes. “Rather than being a single conflict, […]
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MUST-READS
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Egypt postpones nuclear power plant amid tensions with Russia over Nile dam
Egypt pauses El-Dabaa nuclear power plant project for two years amid tensions hanging over the relationship with Russia due to its recent position on the Grand Ethiopian Renaissance Dam crisis and its rapprochement with Ethiopia.
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Saudi Passport Become The 71st Most Powerful Passport In The World
79 countries can be entered without a prior visa for Saudi passport holders, according to international organizations. The scale of the world’s most powerful passport is based on travel to countries without a visa in advance. Japan, Singapore, Germany, the United States, the United Kingdom, Switzerland, South Korea, the Netherlands, Austria, and France are among the top 10 countries. On the other hand, at the bottom of the list are Syrian, Iraqi, and Afghan passports.
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Iran spokesman says powerful body rejects nuclear deal with US
The statement by the spokesman for the moderate government confirmed a push by hard-liners in Tehran to make it impossible for a deal between the outgoing Rouhani government and the US administration to get final approval.
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Bipartisan group of senators unveils legislation to bolster Congress’ foreign policy powers
The bill by Senators Chris Murphy, a Democrat from Connecticut, Mike Lee, a Republican from Utah, and Bernie Sanders, an independent from Vermont who caucuses with Democrats, would require the president to consult with congressional leaders and obtain congressional authorization before exercising certain national security powers.
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Japanese bank syndicate signs US$500 million loan for Saudi power grid
The loan is intended to provide SEC with the funds necessary for projects in the field of electricity transmission and distribution that contribute towards mitigating environmental impact, such as constructing a new substation and transmission lines to integrate renewable energy to the grid networks and introducing smart meters in Saudi Arabia.
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Saudi Electricity powers up for Hajj with SR480m ($127.9 million) spending plan
The Saudi Electricity Company (SEC) is spending more than SR480 million ($127.9 million) on new projects around Makkah and the holy sites in preparation for the upcoming Hajj season. The new spending aims to boost the efficiency of the electricity network and will include the replacement of 7,785 old mechanical meters with smart ones, said CEO, Khaled Bin Hamad Al-Gnoon.
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Iran takes steps to make enriched uranium metal; U.S., Europe powers dismayed
U.S. and European officials made clear that Iran's decision would complicate, and potentially torpedo, indirect U.S.-Iranian talks seeking to bring both nations back into compliance with the 2015 deal, which was abandoned by former President Donald Trump.
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Siemens Energy to power 30,000 new homes in Riyadh
“One of our main values as Siemens Energy is to care for the communities where we live and so it is an honor for us to be able to contribute to such a great project.” The energy company will this month start work on the project that will be fully completed by August 2023.
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Saudi CMA Approves ACWA Power IPO
The Saudi Capital Market Authority (CMA) approved the request of the International Company for Water and Power Projects (ACWA POWER) application for public offering of 81.2 million shares, representing 11.1 percent of its share capital.
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Masdar signs deal to install 2GW of solar power plants in Iraq
Abu-Dhabi-based solar energy specialist Masdar signed a deal last week to provide more than 2GW of photovoltaic projects in Iraq. The projects will form part of Iraq’s plan to mitigate its chronic energy shortages and capitalise on its reliably sunny climate by installing up to 10GW of solar power projects by 2025.
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