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Growing Domestic Demand threatens Energy Export Position
- January 27,2013
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- SUSTG Team
“As of yet there is no movement on the 75 cents per MMBtu price, but I expect it to rise relatively soon. Energy policymakers in the kingdom have been converging on a price hike agreement. From my discussions with them in October, there appeared to be an emerging consensus that the gas price would more […]
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Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13
- January 14,2013
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- Lucien Zeigler
World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, scientists and many more will converge for the World Future Energy Summit 2013, part of Abu Dhabi’s […]
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Nitaqat: Towards a Saudi “New Deal?”
- December 14,2012
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- Nathan Field
Editor’s Note: ‘Saudization’ is a topic that has garnered a great deal of front-page ink in Saudi Arabia of late. The Nitaqat (“Ranges”) Program introduced in 2011 has staunch advocates and detractors and the ongoing argument between members of the private sector and the Ministry of Labor over recent fee hikes for foreign employees has been […]
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Are Members of Royalty “Foreign Officials” Under the FCPA?
- December 11,2012
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- SUSTG Team
For U.S. companies conducting business abroad, the Foreign Corrupt Practices Act (FCPA) is a constant companion. The FCPA, “applies to any person who has a certain degree of connection to the United States and engages in foreign corrupt practices. The Act also applies to any act by U.S. businesses, foreign corporations trading securities in the […]
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Saudi firms top TRENDS CEO 2012 List
- December 10,2012
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- SUSTG Team
There have been several media reports in 2012 by regional and international media, including TRENDS, commenting on the immense growth seen by the Saudi retail and construction sectors. New entries and a rise through the top CEO ranks of Saudi cement companies is a testament to the vibrancy of the property and construction sectors in […]
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Saudi Arabia, UAE set for clean energy revolutions
- December 3,2012
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- SUSTG Team
Despite their vast oil reserves, Saudi Arabia and the UAE are poised for “green revolutions” set to transform the Gulf’s energy landscape. The two states have made major strides recently in using clean renewable energies. In the middle of oil-rich Abu Dhabi, a sandy stretch near the emirate’s airport is a field of solar panels […]
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Saudi Arabia’s Power List – 2012
- November 19,2012
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- SUSTG Team
Welcome to the first Arabian Business Saudi Power List – our guide to the kingdom’s most influential movers and shakers. As the rest of the planet, from emerging to traditional markets, teeters on the brink of recession, the mood has never been more positive in Saudi Arabia. A high oil price has swelled the kingdom’s […]
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For Saudi Football, a Moment in the International Spotlight
- November 15,2012
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- Lucien Zeigler
Saudi Arabia’s national football team has had its ups and downs in the last decade, thus far struggling to make a name for itself as a contender in a world full of elite national teams. Nevertheless, the ups and downs of the Saudi program are closely followed by Saudis all over the world and has, […]
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US Election Note: Middle East Policy after 2012
- November 1,2012
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- SUSTG Team
The Middle East will be a significant challenge to US foreign policy-makers during the next administration – whether with regard to further transitions of the Arab Spring, Iran’s appetite for nuclear weapons, Israel’s posture towards Palestine and other Arab powers in its neighbourhood, or the rise of political Islam. Despite the US tilt to Asia, […]
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Anne Habiby: Entrepreneurship and Job Creation in the Arab World
- October 24,2012
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- SUSTG Team
In addition to featured speakers such as President Bill Clinton and Mr. Abdullah Alireza the recent C3 Summit in New York City presented a number of compelling panel discussions addressing commercial and trade issues related to doing business in the MENA region. SUSTG has featured the remarks at this event of Abdullah Alireza (Global Economic […]
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MUST-READS
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Opinion: Controversial Israeli soccer club may be litmus test for UAE soft power ploy
It was not immediately clear whether the offer was to acquire or co-invest in Beitar Jerusalem, notorious for its links to the ruling Likud party and the Israeli far-right as well as racist anti-Arab, anti-Muslim sentiments among an influential segment of its fan base.
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Acwa Power selected for Saudi Arabia’s Red Sea utilities project
A team led by Saudi utilities developer Acwa Power has been selected as the preferred bidder for the contract to develop the multi-utilities infrastructure that will cater to the Red Sea Project in the Western Region of Saudi Arabia, according to two sources with knowledge of the project. The Red Sea Development Company (TRSDC) received the best and final offer on 30 August from two bidders, following a minor change in scope.
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Saudi Arabia pushes soft power by launching new teamLab digital art museum in Jeddah
The Japanese multimedia collective teamLab will launch a new digital art museum in Jeddah, Saudi Arabia, by 2023 called teamLab Borderless Jeddah. The Tokyo-based technology group, known for producing crowdpleasing immersive experiences awash with virtual waterfalls and flowers, has entered into a ten-year agreement with the Saudi Ministry of Culture to develop works for the planned museum.
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Saudi Arabia Power Company Pioneers $1.3 Billion Green Bond
Saudi Electricity Co. sold the first green bond from the world’s largest oil-exporting nation, the latest milestone in the expansion of environment-friendly debt instruments. State-owned Saudi Electricity sold $1.3 billion of 5- and 10-year dollar-denominated green sukuk to finance green capital projects. Final spreads narrowed 30 basis points for both maturities from initial price talks to 140 basis points and 170 basis points, respectively, according to details of the deal that priced on Thursday.
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ACWA Power inks $650m financing deal for Saudi’s Jubail-3A IWP
Saudi Arabia-based developer, investor, and operator of power generation and desalinated water plants ACWA Power has signed a senior financing agreement worth $650m (SAR2.4bn) for Jubail-3A independent water project (IWP).
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Scientists in Saudi Arabia push the boundaries of solar power technology
High temperatures have two adverse effects: They reduce the panel’s electricity generation, and they further shorten the panel’s lifetime. As a result, effective panel cooling has always been highly sought by solar projects in arid and semi-arid regions, such as the Gulf.
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Power demand pushes UAE August oil output above OPEC+ quota: sources
The United Arab Emirates pumped 2.693 million barrels per day in August, in breach of its OPEC+ quota, after hot weather and people holidaying at home drove associated gas demand for power generation, two sources familiar with the matter told Reuters.
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Queen Rania wears Saudi label for 50th birthday portrait: ‘designed to radiate power’
The mother of four regularly supports labels from the region, having previously sported designs by Lebanon's Azzi & Osta, Georges Chakra, Hussein Bazaza and Ralph Masri.
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As UAE Nuclear Power Plant Comes On Line, Attention Turns to Saudi Plans
The Gulf appears to be approaching a new, uncertain era: a scramble for sources of uranium, possibly followed by the acquisition of dual-use technologies, enrichment, and a capacity for breakout.
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Oman’s Sultan Devolves Some of His Powers to New Cabinet
Eight months into his rule, the leader of Oman has formed a new cabinet—the first Council of Ministers that he has fully appointed. Multiple decrees issued by Sultan Haitham this week will reduce the government’s size, install a strikingly technocratic and experienced cabinet, and devolve significant authority to certain ministers.
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