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Iran NegotiationsTwo days of nuclear talks with Iran yield few indications of progress
Kerry left Oman late Monday after devoting more than 10 hours to talks over two days with Iran’s foreign minister, Mohammad Javad Zarif, and E.U. representative Catherine Ashton. A senior State Department official, describing the tenor of the talks as “tough, direct and serious,” declined to characterize them as productive in any manner. The official said, however, that negotiators still believe it is possible to reach a comprehensive accord before the Nov. 24 deadline when an interim agreement expires.
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Saudi Arabia and Alternative EnergySaudi Arabia Wants to Become a Major Producer of Alternative Energy
Currently, natural gas provides around 43% of Saudi electricity, with fuel oil and diesel providing the rest, reports the IEA in a separate article. Electricity use has been increasing at 7.5% annually, adding to the already large demand in the kingdom. In 2011, Saudi electricity demand was at about 7,420 kWh per capita, more than three times as high Mexico’s per capita use, despite having similar total levels of consumption. Eighty percent of this consumption comes from Saudi’s building sector, with 70% of that coming from running air conditioning units, according to IEA reports . Because such a large amount of the electricity consumed in Saudi Arabia is linked to air conditioning, the peak demand for energy in the summer can be as much as twice the average demand in winter.
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Tadawul OpeningBlackRock Plans Saudi Arabia ETF Ahead of Foreign Access in 2015
The world's largest money manager has sought approval for its iShares MSCI Saudi Arabia Capped ETF from the U.S. Securities & Exchange Commission, according to a filing posted on the SEC’s website. The fund will seek to track the results of an MSCI provisional Saudi Arabia index, according to the filing.
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TadawulElectrical Industries Seeks $194 Million From Saudi Share Sale
Electrical Industries Co. plans to raise $194 million from an initial public offering as the Saudi company joins the kingdom’s biggest bank in tapping rebounding investor demand for share sales.
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UK-SaudiThe diplomat who said ‘No’ to Saudi oil
Hindsight can be cruel. In 1932, amid a global economic slump, the impoverished Saudis came to London looking for a loan. They also had an offer: would Britain like to try drilling for oil? A disdainful Foreign Office mandarin gave the fateful reply, writes Matthew Teller - no loan, and no drilling.
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'Little Sparta'In the UAE, the United States has a quiet, potent ally nicknamed ‘Little Sparta’
The American presence at Al-Dhafra, which the Pentagon has not publicly acknowledged, is a vital part of the U.S.-led campaign against Islamic State militants: The base’s twin runways have launched more strike aircraft — including the Air Force’s most-sophisticated warplane, the F-22 Raptor — than any other military facility in the region.
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Jason RezaianIranian official: Washington Post journalist could be freed in ‘less than a month’
“My hope is that before going to the court process, the prosecutor could be content to drop the case to see that maybe the accusations are not quite substantial,” Larijani said, according to a Euronews transcript of the interview provided to The Washington Post.
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Saudi-AfghanistanSaudi relief aid for Afghanistan arrives in Kabul
A Saudi cargo plane carrying food and relief aid provided by Custodian of the Two Holy Mosques King Abdullah to Afghanistan arrived at Kabul airport on Monday evening.
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NCBWhy the Second Largest IPO This Year Has Come Out of Saudi Arabia
About 1.25 million people ordered shares at a total value of 310.7 billion Saudi riyals ($82.8 billion) for the 300 million shares, or 15% of the bank’s stock, offered to retail investors. An additional 10% of the bank was allocated to the kingdom’s Public Pension Agency.
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Global Oil MarketsSaudis go back to the future to take on U.S. shale rivals
“Saudi Arabia is not going to give up market share to Iraq, to Iran, to other countries who are cheating” by pumping more, Daniel Yergin, the Pulitzer Prize-winning oil historian and vice chairman of Englewood, Colorado-based consultancy IHS Inc., said in an Oct. 31 interview on Bloomberg Television. “It’s hard to see an OPEC deal at the end of November.”
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