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In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
- April 8,2016
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- SUSTG Team
In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]
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Major Policy Shifts Revealed in Bloomberg Interview with Deputy Crown Prince Mohammed Bin Salman
- April 1,2016
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- SUSTG Team
In an extensive interview with Bloomberg Saudi Arabia’s deputy crown prince Mohammed bin Salman outlined his vision for several major economic initiatives. These include a plan to offer shares in all of Saudi Arabian Oil Company (Saudi Aramco) rather than just it’s downstream and refining assets. “The mother company will be offered to the public […]
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In Yemen, Airstrikes, Demonstrations, and a Prisoner Swap Ahead of Planned April 10 Ceasefire
- March 28,2016
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- SUSTG Team
The Saudi-led coalition fighting Shi’ite rebels in Yemen said Monday it released 109 Yemeni detainees in exchange for nine Saudis who were being held as the war moves toward winding down, according to reports. With a deadline of April 10th for a cessation of hostilities and peace talks in Kuwait to follow, the Saudi-led war […]
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Construction Payment Delays Draw International Attention, Report Says
- March 8,2016
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- SUSTG Team
Foreign governments are pressing both government authorities and company executives in Saudi Arabia “to ensure that local construction firms make delayed salary payments to thousands of workers, a sign of pressure on the kingdom’s economy due to low oil prices,” according to a Reuters report. Construction firms in Saudi Arabia are have been squeezed as […]
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Saudi Arabia Eyes Privatization of Power, Opening Opportunities for International Power Companies
- March 4,2016
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- SUSTG Team
Saudi Arabia is heading towards privatizing the electricity sector and “shifting towards solar and alternative energy in the framework of its efforts to reduce the use of fossil fuels in production rates,” according to a report in Asharq Al-Awsat citing “informed sources.” The Saudi Electricity Company plans to “split into four units with local and […]
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More than 50 Members of U.S. GOP ‘Foreign Policy Community’ Write Open Letter Calling Donald Trump Unfit for Office
- March 3,2016
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- Lucien Zeigler and Richard Wilson
An open letter signed by over 50 members of the Republican foreign policy community, including former Department of Homeland Security Secretary Michael Chertoff and former Deputy Secretary of State Robert Zoellick, has called Donald Trump unfit for office and pledged to work to stop him from receiving the Republican nomination. “We the undersigned, members of […]
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In Letter to King Salman, Council of Saudi Chambers Chairman Al-Zamil Urges Payments to Construction Firms
- February 16,2016
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- SUSTG Team
Saudi businessman and Chairman of the powerful Council of Saudi Chambers of Commerce (CSC), Dr. Abdulrahman al-Zamil, has written a letter to Saudi Arabia’s King Salman requesting that he intervene to ensure that the government makes delayed payments to construction companies. Some construction firms have seen scheduled payments from the government delayed by over six […]
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How Long Does Saudi Arabia Have Until it Runs Out of Groundwater?
- February 12,2016
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- SUSTG Team
Water supply for the Saudi Arabia is among its foremost challenges. In 2013, SUSTG wrote about the obstacles facing water sustainability for Saudi Arabia. Some experts predicted full water depletion by 2050 if nothing is done. However, a new local study done by the King Faisal University finds that Saudi Arabia’s timetable for water is […]
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Will 2016 be a Big Year for the Middle East Solar Energy Market?
- February 11,2016
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- SUSTG Team
Writing for Green Tech Media, Jason Deign, comments that the Middle East market for solar energy is anticipating a big year in 2016… maybe. The Middle East Solar Outlook for 2016 produced by the Middle East Solar Industry Association (MESIA) forecasts that more than 4 gigawatts of solar power projects are planned across the region. Deign takes a […]
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Saudi Competitiveness, Energy, Women in Focus at 9th Global Competitiveness Forum in Riyadh
- January 26,2016
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- SUSTG Team
The 9th Global Competitiveness Forum (GCF) in Riyadh entered its third and final day with a focus on energy, women in the workforce, and increasing Saudi Arabia’s competitiveness in the global economy. Annually, it is one of the largest business forums in the Kingdom and is well-attended by government, business, and academic leaders from Saudi […]
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MUST-READS
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GE white paper highlights pathways to faster decarbonization in the GCC’s power sector
With up to a third of the GCC’s power produced by liquid fuels such as crude oil, heavy fuel oil (HFO), diesel, and others, switching away from them to natural gas also offers significant reductions in emissions, without compromising the reliability of electricity supplies, as gas produces the lowest emissions among traditional fossil fuels.
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Oil prices climb as COVID recovery, power generators stoke demand
Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 59 cents, or 0.7%, to $85.45 a barrel by 0900 GMT, after hitting $86.04, their highest level since October 2018.
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Qatar powerless to ease global energy crisis
Qatar, the world's largest seller of liquefied natural gas (LNG), told consumers it was powerless to cool energy prices prices as British steelmakers said they could be forced to halt output in the face of soaring costs. The rebound in economic activity after the easing of coronavirus lockdowns has laid bare a shortage of natural gas stocks and other fuel supplies, causing blackouts in some countries.
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Saudi ACWA Power International shares jump 30% over listing price in debut
ACWA, responsible for building renewable projects in the kingdom, priced its IPO at the top of the range last month, successfully raising $1.2 billion from investors. It was the kingdom’s biggest public share sale since Saudi Aramco’s $29.4 billion IPO in 2019.
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Iraq’s militias seek to consolidate political power in vote
Iraq is holding elections on Oct. 10, the fifth parliamentary vote since the U.S.-led invasion that ousted dictator Saddam Hussein in 2003, which shifted the country’s power base from minority Arab Sunnis to majority Shiites. The vote was brought forward by one year in response to mass protests that broke out in late 2019 over endemic corruption, poor services and unemployment.
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Global Energy Crisis Is the First of Many in the Clean-Power Era
The shortages jolting natural gas and electricity markets from the U.K. to China are unfolding just as demand roars back from the pandemic. But the planet has faced volatile energy markets and supply squeezes for decades. What’s different now is that the richest economies are also undergoing one of the most ambitious overhauls of their power systems since the dawn of the electric age -- with no easy way to store the energy generated from renewable sources.
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Saudi Arabia’s ACWA Power mulls green bond options – report
Saudi Arabia-based International Company for Water and Power Projects, better known as ACWA Power, is considering selling green bonds in order to raise funds for some renewable energy projects requiring investments of roughly USD 10 billion (EUR 5.84bn).
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Saudi foreign minister calls on world powers to act over Iran’s nuclear violations
Prince Faisal added that despite international consensus and a regional desire to establish a Middle East free of weapons of mass destruction, “unfortunately Israel still refuses to accede to the Nuclear Non-Proliferation Treaty and to subject its nuclear facilities to the comprehensive safeguards system of the International Atomic Energy Agency, which contradicts the international resolutions. Prince Faisal said the Kingdom was working closely with the international community and Kuwait, which will host the 10th conference to review the proposed NPT in January 2022.
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Iran says nuclear talks with world powers to resume in few weeks
Iran said on Tuesday that talks with world powers over reviving its 2015 nuclear deal would resume in a few weeks, the official Iranian news agency IRNA reported. "Every meeting requires prior coordination and the preparation of an agenda. As previously emphasised, the Vienna talks will resume soon and over the next few weeks," Iranian Foreign Ministry spokesman Saeed Khatibzadeh said, according to IRNA.
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World powers to meet with Iran at U.N. to push for return to nuclear talks -France
A sixth round of indirect talks between Tehran and Washington was adjourned in June after hardliner Ebrahim Raisi was elected Iran's president. Raisi took office on Aug. 5.
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