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  • 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.

  • Nintendo Jumps After Saudi Fund Says Open to Bigger Stake

    The stock climbed its most in more than a week, outpacing the market, after Kyodo News reported the Arab Gulf country’s Public Investment Fund was weighing deploying more capital to Nintendo and its sector peers. Prince Faisal bin Bandar, vice chairman of PIF subsidiary Savvy Games Group, said he would favor doing such a move with the support of the companies themselves.

  • Israelis, scarred and battling on multiple fronts, mark a year since Hamas’ Oct. 7 attack

    The war in Gaza rages on and Israel is fighting a new war against Hezbollah. There is also an escalating conflict with Iran — which backs both Hamas and Hezbollah — that threatens to drag the region into an even more dangerous conflagration. No formal commemorative event is planned in Gaza, where fighting is still underway, huge areas have been completely destroyed and most of the population have been driven from their homes.

  • Saudi HQ rules force firms to scramble for loopholes

    Getting the license — often announced with much fanfare — and actually opening a regional headquarters are distinct, though. Firms have six months from the time a license is issued to establish a regional HQ and many now find themselves against the clock, sorting through a lot of red tape: Having a managing director based in Saudi Arabia and hosting board meetings from Riyadh are some of the requirements. At stake is the shot at lucrative contracts in the world’s biggest construction market and with the $925 billion Public Investment Fund.

  • Kushner has discussed U.S.-Saudi diplomacy with Saudi crown prince

    Jared Kushner, son-in-law of former U.S. President Donald Trump, has discussed U.S.-Saudi diplomatic negotiations involving Israel with Saudi Arabia’s Crown Prince Mohammed bin Salman multiple times since leaving the Trump White House, said a source familiar with the discussions. The source did not identify when the talks took place and whether they occurred before or after the start of the Gaza conflict. But they included discussions on the process of normalizing relations between Israel and Saudi Arabia, a key diplomatic objective of both the Biden and Trump administrations, the source said.