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Recent stories from sustg

  • U.S. Might Have More Oil Than Saudi Arabia, But…
     

    People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to be produced if bureaucrats will simply stop blocking development. In fact, in a recent debate between Republican candidates contending for Gabrielle Giffords’ recently vacated House seat, one candidate […]

     
  • Five short stories from World Energy Outlook
     

    The IEA’s World Energy Outlook (WEO) is an annual tradition, the result of much work, data analysis and presentation. A formative volume is produced for all to read and digest, but few of us have the time to do so in the detail required.  As such we rely to some extent on IEA presentations and summary documents. […]

     
  • Saudi Arabia will act to lower soaring oil prices
     

    In an op-ed in the Financial Times, Ali Al Naimi writes, “High international oil prices are bad news. Bad for Europe, bad for the US, bad for emerging economies and bad for the world’s poorest nations. A period of prolonged high prices is bad for all oil producing nations, including Saudi Arabia, and they are […]

     
  • “Out in the Blue” Part 9 of Video Series “Distant Arabia”
     

    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 […]

     
  • GE wins $200mn power plant conversion contract in Saudi Arabia
     

    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 […]

     
  • 10 Saudi women take fight against breast cancer to Mount Everest
     

    Princess Reema bint Bandar bin Sultan and the Zahra Breast Cancer Association launched a campaign on Tuesday where 10 Saudi women will climb to the Mount Everest base camp in May. The 10 climbers include Jude Al-Aitani, Asma Al-Sharif, Mashael Alhegelan, Mona Shahab, Noura Bouzo, Raha Al-Moharrak, Lina Almaeena, Samaher Mously, Hatun Madani, Alya Al-Sa’ad, […]

     
  • Saudi Arabia Jeddah Weddings
     

    I was approached, a couple of months ago by a media company, about the wedding video I made for my cousin’s wedding. The company makes documentaries and would like to make a documentary about modern day Saudi couples in Jeddah getting married. They were, in my opinion, too optimistic, but then again I am a […]

     
  • Saudi Market Opens Up, but Gradually
     

    Regulators of the Saudi stock exchange, Tadawul, the largest in the Arab world, are fine-tuning the draft of a law on Qualified Foreign Investors in the hope of attracting institutional fund managers to buy shares directly in the $400 billion market. The market, which is equal in size to the combined value of the stock […]

     
  • Opportunities in Water Production
     

    Saudi Arabia will increase by almost double its desalinated water production over the next three years according to the governor of the Saline Water Conversion Corporation (SWCC) who said the daily water production will rise from the current 3.3 million cubic meters to about 6 million. SWCC’s HR General Manager, Abdul Latif Al-Harkan, was a […]

     
  • Saudi Aramco Rethinks Global Communications Strategy
     

    Saudi Aramco, the world’s largest oil company, is rethinking its global communications strategy as it undertakes an ambitious corporate transformation. The company is understood to be actively seeking public relations agency support across a wide range of areas, including media relations, internal communications, and event management. The review covers Saudi Aramco’s operations in the Gulf, North […]

     

MUST-READS

  • Saudi Arabia to host Future Aviation Forum 2024

    The FAF 2024, which will attract more than 5,000 international experts from the aviation industry, leaders of international airlines, and officials from aviation authorities in participating countries, will discuss global aviation issues, air transportation, the development of environmental sustainability in the civil aviation sector, enabling advanced air transport, and enhancing global connectivity, Saudi Press Agency (SPA) reported.

  • Saudi Arabia’s Vision 2030, the rise of fintechs and professional development

    With Saudi Vision 2030 and other regulatory regimes encouraging and facilitating the use of fintech, Annette Spencer, the ACT’s chief executive, said: “It struck me that regulation and technology are becoming friends and allies in a way that perhaps has not always been the case in the past.” Solid relations between banks and corporates are an important foundation of doing business in Saudi and the Gulf region. Alhudaif stressed how her company had explored what services banks can provide regarding cash management, credit facilities investments and financial leasing products.

  • Saudi Arabia: better growth prospects

    In 2024, economic activity should be only slightly positive. We expect 1.2% on average. In fact, oil production should only slightly progress and not before Q4 2024. With regard to non-oil activity, the tight labor market conditions will be a constraint on an economic rebound. Indeed, the unemployment rate has stabilized and the participation rate has stopped to progress for about two years despite a sharp increase in female participation rate to the labor market for several years.

  • Iran says keen to develop ties with Saudi Arabia

    Iranian Foreign Minster Hossein Amir-Abdollahian and his Saudi counterpart Faisal bin Farhan Al-Saud held a telephone conversation on the occasion of Eid al-Fitr, discussing bilateral ties and regional developments. “Amir-Abdollahian pointed to the progress of bilateral relations between the two countries, stressing that Iran is determined to expand bilateral ties with Saudi Arabia as much as possible,” Iran’s semi-official Tasnim news agency reported.

  • Cannes selects first Saudi film for competition in festival’s 77-year history

    Six years after the country announced its intention to build a home-grown industry, a film from Saudi Arabia has been selected to compete in the Cannes Film Festival for the first time. Norah, Saudi director Tawfik Alzaidi's feature debut, has been selected in the Un Certain Regard section and will compete against 19 other entries from around the world. The category, established in 1978, runs in parallel to the festival's long-running Palme d'Or competition and aims to recognise emerging talent and non-traditional narratives.

  • How technology is shaping education in Saudi Arabia

    Thus, the digital transformation of the education sector is another important part of Vision 2030’s success, to ensure young people in the Kingdom have the right skills for the future world of work. According to PwC, Hopes and Fear survey, 57% of the respondents in Saudi Arabia are either excited or confident about the future of their children and that technology will offer a world full of possibilities for their kids.

  • Senior U.S. general to visit Israel to coordinate on Iran attack threat

    Iranian officials have publicly threatened to retaliate against Israel for an attack in Syria last week that killed a top Iranian general. An attack on Israel or its bases could lead to another regional escalation.

  • Donations to national charity campaign in Ramadan exceed SR1.8 billion

    The National Platform for Charitable Work (Ehsan) has proudly announced that the donations for the fourth National Campaign for Charitable Work soared past SR1.8 billion during Ramadan, spanning from the 5th to the 30th of the holy month. This remarkable achievement was kickstarted with significant donations from the Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Prince Mohammed bin Salman, who collectively contributed SR70 million.

  • Foreign liaison visit strengthens Naval supply partnership between US, Saudi Arabia

    A delegation from Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS) embarked on a significant foreign liaison visit to the Kingdom of Saudi Arabia to support maritime and aviation cooperation March 3. “Inviting our team to Saudi Arabia to discuss current and future capabilities is a testament to the value of open communication,” expressed Cmdr. Albert Sonon, NAVSUP WSS, Director of International Programs. “Sustaining weapon systems is not just an individual task but a collective effort between Nations.” The NAVSUP WSS International Programs delegation’s objective was to meet with key Saudi Arabian officials and discuss various aspects of logistical support and readiness capabilities.

  • Russia tells citizens: refrain from travel to the Middle East

    Russia's foreign ministry told citizens on Thursday that they should refrain from travelling to the Middle East, especially to Israel, Lebanon and the Palestinian territories. "The tense situation in the Middle East region persists," said the foreign ministry, which first issued such travel advice in October when it urged Russians not to visit Israel and the Palestinian territories after Hamas attacked Israel.