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Graphic: The Rise of Saudi Oil Consumption
- April 5,2012
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- Richard Wilson
Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]
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Internet in the Middle East Still Short of Its Potential
- April 5,2012
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- SUSTG Team
Last week’s third ArabNet conference for digital entrepreneurs in the MENA region was, by the standard of these things, a modest affair. But nonetheless it showed how the regional digital economy has grown, and how it is poised to take off. As one commentator said: “Jordan for the talent, Lebanon for the creativity, Egypt for […]
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Critical Commercial and Economic Ties: Interview with Jose Fernandez
- April 3,2012
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- SUSTG Team
The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]
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“Out in the Blue” Part 9 of Video Series “Distant Arabia”
- March 28,2012
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- SUSTG Team
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 […]
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GE wins $200mn power plant conversion contract in Saudi Arabia
- March 27,2012
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- SUSTG Team
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 […]
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American Public Opposes Israel Striking Iran
- March 14,2012
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- SUSTG Team
A new poll finds that only one in four Americans favors Israel conducting a military strike against Iran’s nuclear program. Seven in ten (69%) favor the US and other major powers continuing to pursue negotiations with Iran, a position that is supported by majorities of Republicans (58%), Democrats (79%) and Independents (67%).
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MUST-READS
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Saudi in renewed bid to empower women in judiciary: Report
Two years after the Saudi Shura Council blocked a call for appointing women as Judges in the Kingdom, the consultative body is expected to vote on Wednesday on a recommendation specifically suggesting to appoint women as judges in the personal status courts, a media report said on Tuesday.
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Saudi Arabia Central Bank Leads The Way With Blockchain-Powered Transfer
Over the past five years something extraordinary has happened in blockchain: countries usually known for following tech innovation have taken leadership roles. Instead of normal stalwarts like the U.S. at the helm, many Middle Eastern countries are leading the way. What do they have in common? Friendly regulation.
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Solar Power May Soon Cost Less Than Coal – International Renewable Energy Agency
The trend is largely down to advances in technology and the increasing scale of projects. Photovoltaic power has seen an 82% decline in costs since 2010 and onshore wind 39%, according to Irena.
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Saudi energy firm Alfanar to sell 300MW India wind power plants
Riyadh-based Alfanar Group has a clean energy portfolio of 1.4 gigawatts (GW) in West Asia, Africa, Europe and Asia. In India, Alfanar has a wind project portfolio of around 600MW that it won in auctions conducted by state-run Solar Energy Corp. of India (SECI).
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Saudi energy firm Alfanar to sell 300MW India wind power plants
Saudi Arabia’s Alfanar Group is looking to sell half of its 600 megawatt (MW) wind power projects in India in what is likely to rank among the largest wind energy deals in India, two people aware of the development said.
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Afghan President and Rival Announce Power-Sharing Deal
Afghan President Ashraf Ghani and political rival Abdullah Abdullah signed a power-sharing agreement, two months after both declared themselves the winner of last September’s presidential election, Ghani’s spokesman said Sunday.
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Silk Road Fund takes 49% in ACWA Power renewable energy platform
Currently, it owns ACWA Power’s concentrated solar power (CSP), photovoltaic (PV) solar, and wind assets across the UAE, South Africa, Jordan, Egypt, and Morocco, which together has an aggregate power capacity of 1,668MW.
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Trump vetoes Iran War Powers resolution
The Senate passed the resolution with bipartisan support despite the President's vocal opposition. The Democratic-controlled House passed it the following month with a handful of Republicans crossing the aisle.
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Acwa Power-led consortium scores major Saudi water deal
A 25-year water purchase agreement has been signed by an Acwa Power -ed consortium with the Saudi Water Partnership Company, for a greenfield sea water reverse osmosis desalination project. The consortium includes Gulf Investment Corporation and AlBawani Water & Power Company.
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ACWA Power Plans Up to $1 Billion Bond Sale
Saudi Arabia’s ACWA Power International plans to raise as much as 3.75 billion riyals ($1 billion) from an Islamic bond sale, according to people familiar with the matter.
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