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  • Saudi Arabia stresses balance between economic growth, energy security, and climate action

    Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman, stressed the importance of achieving a balance between economic growth, energy security, and climate change mitigation. He made his remarks during his participation in the Energy Transitions Working Group meetings, the 15th Clean Energy Ministerial, and the 9th Mission Innovation Ministerial, held on October 3 and 4 in Foz do Iguaçu, Brazil. The minister highlighted Saudi Arabia's leadership in Carbon Capture, Utilization, and Storage (CCUS) technologies, reiterating the Kingdom's commitment to leading global efforts through its adoption of circular carbon economy technologies.

  • Saudi Stocks Face Rising Risks as Regional Conflict Deepens

    The Tadawul All Share Index index slipped 3.7% in the first four trading days of October, as Israel intensified its campaign against Iran-backed Hezbollah and weighed retaliation for Tehran’s missile attacks. While the gauge spent months shrugging off simmering tensions and weak oil prices, the latest setback has wiped out its entire year-to-date gain.

  • Saudi King Salman to undergo medical tests for lung inflammation

    Saudi King Salman will undergo medical tests on Sunday evening for lung inflammation, the state news agency said, citing a statement from the royal court.
    The brief statement did not reveal more details. The 88-year-old king of the world's biggest oil exporter, a major U.S. ally in the Middle East, also received medical care for lung inflammation in May.

  • Iran-Israel escalation elicits divided reactions in region

    Iran’s Oct.1 missile attack on Israel has elicited mixed reactions in the region. Amid jubilation among partners of the Islamic Republic, Gulf Arab states are urging de-escalation while stepping up engagement with Tehran. As Israel vows harsh retaliation and Iran threatens further strikes, some regional observers argue that the Islamic Republic had few options but to avenge Israel’s killing of Hezbollah leader Hassan Nasrallah. If Iran did not attack Israel, the argument goes, it would be on a path to see its influence among regional allies diminish.

  • Are Households Quitting Electric Vehicle Ownership?

    In this paper, we investigate the proportion of U.S. plug-in electric vehicle (PEV) owners who discontinued PEV ownership by disposing of their PEV and buying a non-PEV as their next vehicle, which is termed PEV “discontinuance.”

  • Assessing the Potential and Feasibility of Carbon Dioxide Removal (CDR) Technologies in Saudi Arabia

    As the Kingdom of Saudi Arabia strives to achieve its climate goals and transition its economy away from fossil fuel dependency, understanding the viability and impact of carbon dioxide removal (CDR) options becomes paramount. This paper reviews state-of-the-art CDR options and explores the potential applicability of such options within Saudi Arabia. Various CDR solutions, both conventional and novel, are investigated by using a multicriteria decision analysis (MCDA) methodology to compare CDR options relevant to Saudi Arabia. The MCDA methodology defines a set of performance, economic and environmental criteria.

  • Gaza in rubble and ruin

    Israel’s military campaign since Hamas’s Oct. 7 attack has devastated the Gaza Strip, leaving an estimated 42 million tonnes of debris piled where houses, mosques, schools and shops used to stand. In April a U.N. estimate reckoned that this would take 14 years to dispose of, while the U.N. official overseeing the problem said the clean-up would cost at least $1.2 billion.

  • BP abandons goal to cut oil output, resets strategy

    BP (BP.L), opens new tab has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40% while rapidly growing renewables by 2030. BP scaled back the target in February last year to a 25% reduction, which would leave it producing 2 million barrels per day at the end of the decade, as investors focused on near-term returns rather than the energy transition.

  • NBA dismisses rumours of Saudi expansion plans

    NBA deputy commissioner Mark Tatum acknowledged that while NBA games are broadcast across Saudi Arabia as part of the league’s media rights deal, there are no concrete arrangements to take pre-season or regular season games to the Kingdom at this stage

  • Saudi ministry issues 135,000 commercial records in 3Q 2024

    The rate of commercial registration issued during the third quarter of 2024 recorded an increase of 62 percent compared to the same quarter of 2023. A total of 135,000 commercial records were issued during the past three months, bringing the total number of commercial records to more than 1.5 million in all regions of the Kingdom.