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King Salman Restructures Government with Major Changes to Ministers and Other Government Bodies
- January 30,2015
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- SUSTG Team
Yesterday, Saudi Arabia’s new King Salman issued a series of royal decrees that restructure the government ministers, “eliminating numerous government bodies, establishing new government bodies and merging the Ministry of Higher Education and the Ministry of Education and much more,” SUSRIS reports. Of the 8 Minsters that were appointed by King Abdullah less than two months ago, […]
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Discovering Business in Saudi Arabia 2014-2015
- January 27,2015
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- SUSTG Team
The Saudi-British Relations Information Service (SBRIS), shares with its readers the 2014-2015 Discovering Business handbook published by Allurentis Ltd, in association with UK Trade and Investment and the Saudi Committee for International Trade. The report series, now available on SBRIS in three sections with more forthcoming, highlights key sectors and provides important, in-depth data on the […]
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Sfakianakis: Passing of King Abdullah and Advent of King Salman a ‘Time of Continuity’ in Oil Policy
- January 27,2015
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- SUSTG Team
Writing in MEES, a Middle East oil and gas weekly magazine, Saudi finance expert Dr. John Sfakianakis says that the transfer of power from King Abdullah to King Salman is likely to represent a continuation of Saudi oil policy, particularly with respect to production levels. “The passing of King Abdullah and the advent of King Salman […]
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Royal Succession Planning at Saudi Inc.
- January 26,2015
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- Matthew Spivack
Following the death of Saudi Arabia’s King Abdullah, it is important for companies to be prepared to answer questions from the corporate office regarding how royal succession impacts Saudi Arabia’s trajectory. New Saudi King Salman’s ascension to the throne, and the appointment of Crown Prince Muqrin, represents continuity from King Abdullah’s reign. Salman is unlikely […]
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The Death of King Abdullah and the Future of Saudi Arabia: 5 Storylines to Watch This Week
- January 26,2015
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- Lucien Zeigler
The passing of Saudi Arabia’s King Abdullah in the early morning on Friday, January 23rd is a major event in the Kingdom’s history. The impact of the King’s reign on current and future generations will be lasting, and his death has drawn global attention to the Kingdom as the country moves forward with new leadership. […]
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Spain’s Abengoa and AWT to Develop the World’s First Solar-Powered Desalination Plant in Saudi Arabia
- January 21,2015
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- SUSTG Team
[Press Release] Spain’s Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been selected by Advanced Water Technology (AWT) to jointly develop the world’s first large-scale desalination plant to be powered by solar energy, in Saudi Arabia. AWT is a newly formed company […]
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Solar Power in MENA to See Six-Fold Growth in 2015
- January 16,2015
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- Lucien Zeigler
The MENA region will see solar projects worth $2.7 billion unveiled in 2015, 6 times as much as 2014, according to Arabian Business, which cited a new study by the Middle East Solar Industry Association (MESIA). 1,800MW worth of solar projects will be tendered or awarded during the next 12 months, compared with less than 300MW […]
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Five trends that will shape the Arab World’s online industry in 2015
- January 8,2015
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- Khaldoon Tabaza
2014 was a milestone year for online businesses in the Arab world. It was the year in which Arab online users spent more time behind their smartphone and computer screens than their televisions, online classified’s popularity soared over that of print classifieds, and several industries such as transportation, automotive, and food & beverage were disrupted […]
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Saudi Arabia Hails ‘Thaw’ Between Egypt and Qatar as Sisi Meets Top Qatari Envoy in Cairo
- December 22,2014
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- SUSTG Team
Egypt’s President Abdel Fattah Al-Sisi met with a top Qatari envoy, Sheikh Mohammad bin Abdel Rahman al-Thani, in Cairo Saturday in what has been reported to be a significant rapprochement between the two countries. Also in attendance was Khalid al-Tuwaijri, head of the Saudi Royal Court and the powerful private secretary to Saudi Arabia’s King Abdullah. […]
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John Kerry’s Remarks at U.S. Chamber of Commerce Middle East Commercial Center Leadership Dinner
- December 12,2014
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- SUSTG Team
In an energetic and wide-ranging speech delivered to guests attending the Middle East Commercial Center Leadership Dinner on Monday night at the U.S. Chamber of Commerce, Secretary of State John Kerry praised the work of the Center and the development of business relationships between the United States and the Middle East region. Secretary Kerry shared […]
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MUST-READS
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Power Shots
The Russian and Chinese vaccine strategy has adapted to the social and political gaps present in the Middle East and North Africa and exposed some countries as fragile, others as resilient, and others as “anti-fragile”—able not only to endure disasters but to be strengthened by them. In this context, Russia and China have tailored their policies to the political and economic specificities of each category.
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Syrians abroad vote early in presidential poll expected to return Assad to power
Thousands of Syrians flocked to their embassy in Lebanon Thursday, as expatriates and refugees kicked off voting for next week’s presidential election which is expected to keep Bashar al-Assad in power. Buses packed with Syrians jammed main roads leading to the embassy in Baabda, south of Beirut, where crowds began gathering before dawn amid tight security.
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Turkey’s Karpowership says it is shutting down power to Lebanon
Turkey’s Karpowership, which provides electricity to Lebanon from two barges, said on Friday it was shutting down supplies over payment arrears and a legal threat to its vessels as the nation grapples with a deep economic crisis. The company, which supplies 370 megawatts (MW), or about a quarter of Lebanon’s current supply, told the government this week it would have to shut down unless there were moves toward settling the issues.
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Saudi power developer starts construction on South Africa’s largest renewable project
Saudi-based ACWA Power, an investor and operator of power generation and water desalination plants, has announced the start of construction on the 100MW Redstone solar thermal project in South Africa following financial close.
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Saudi Arabia may turn to gas, import more fuel oil for power as OPEC+ cuts ease
"Compared with last summer, we estimate that Saudi Arabia will likely slow crude burn this summer as there will be more supply of associated gas as OPEC+ cuts ease and potentially more use of fuel oil," said Zhuwei Wang, lead Middle East analyst at S&P Global Platts Analytics. Gas accounts for about 60% of power feedstocks in the Middle East, with crude, gasoil and fuel oil making up 20% to 30%, he estimated.
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ACWA Power implements largest wind power plant in Central Asia
Saudi Arabia’s ACWA Power has struck a deal to build the largest wind power plant of its kind in Central Asia and one of the largest in the world. The plant has a production capacity of 1500 MW in Karakalpakstan, in the northwest of Uzbekistan
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‘Insanely cheap energy’: how solar power continues to shock the world
Over the last two decades, however, the IEA has consistently failed to see the massive growth in renewable energy coming. Not only has the organisation underestimated the take-up of solar and wind, but it has massively overstated the demand for coal and oil. Jenny Chase, head of solar analysis at BloombergNEF, says that, in fairness to the IEA, it wasn’t alone.
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Saudi Arabia locks in world record low prices for solar power
The PPAs are linked to the nation’s first renewables project, the 300MW Sakaka power plant in Al-Jouf. It is just one of many in the pipeline, though, with seven renewable energy projects receiving the green light to go ahead. These new initiatives will be based at Al Madinah, Sudair, Qurayyat, Shuaibah, Jeddah, Rabigh, Rafha and a wind project at Doumat Al Jandal, which will take the nation’s renewable generation capacity to over 4 GW.
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Saudis Try To Shake Image as Solar Power ‘Latecomers’: Chart
Despite having some of the best solar potential in the world, Saudi Arabia produces a tiny fraction of its electricity from the sun. The world’s biggest oil exporter is now trying to change that and last week awarded contracts to build 2,970 megawatts of solar plants --- almost as much as Greece’s capacity -- as part of a plan to generate half its power from renewables by 2030 and cut emissions by millions of tons. “We were latecomers to the game,” Energy Minister Prince Abdulaziz bin Salman said in an interview on April 8.
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World powers, Iran hold ‘constructive’ talks on reviving nuclear deal
European intermediaries have started shuttling between Iranian and U.S. officials in Vienna as they seek to bring both countries back into compliance with the accord, which lifted sanctions on Iran in return for curbs to its nuclear programme.
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