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Saudi Prince Alwaleed’s Alarab Newschannel Launches, Then Goes Dark After Controversial Interview
Saudi Prince Alwaleed’s long anticipated news channel Alarab launched on Sunday, but only one day later went dark after airing an interview with a Bahraini opposition leader, according to reports. The AP reports that the Alarab television station said on its official Twitter feed “that coverage was halted for ‘technical and administrative reasons,’ and that it […]
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Saudi Arabia’s First Social Media King Salman Nets More than 450k Followers on Twitter Since Ascending to Saudi Throne
The citizens of the Kingdom of Saudi Arabia are some of the most active social media users in the world. Roughly 20% of the country is on Twitter and 25% is on Facebook, according to Statista. Upon King Abdullah’s passing, then Crown Prince Salman became Saudi Arabia’s first King to use social media publicly – […]
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Royal Succession Planning at Saudi Inc.
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
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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An Outpouring of Grief from Saudis on Social Media as Heads of State Arrive for Funeral of the Late King Abdullah
Saudi Arabia’s citizens took to social media to express their grief and sadness at the death of King Abdullah bin Abdulaziz al Saud as heads of state arrived in Riyadh to attend services and express solidarity with the leaders and people of the Kingdom. At the time of this writing, the hashtag #KingAbdullah is the […]
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OPEC to Oil Companies at Davos: ‘Let’s produce the lower cost oil first and then produce the higher cost…prices will rebound’
In dueling speeches at the Davos World Economic Forum in Switzerland, oil company heads and OPEC representatives clashed about the collapse in the price of oil, according to a report in Reuters. Oil company chiefs at from Italy’s Eni Spa and France’s Total said that OPEC’s unwillingness to cut output “could lead to a huge […]
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U.S. Delegation Led by Senator John McCain Visits Saudi Arabia to Discuss Military Cooperation Efforts Against Daesh, Training of Moderate Rebels
U.S. Senate Republican John McCain and a delegation of Senate Armed Services Committee members visited Saudi Arabia on Saturday as part of a broad tour of the region to discuss American-Saudi joint efforts to back moderate Syrian rebels in that country’s 4-year old civil war. According to the Guardian, McCain and the Senate Armed Services […]
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The ‘Monumental’ Opening of the Saudi Stock Market in 2015 to Wider Foreign Investment
As Saudi Arabia prepares to open its stock market to wider foreign investment possible as soon as April 2015, there is tremendous enthusiasm on the part of foreign investors as wells as anticipation within the Kingdom. In a recent FocusKSA discussion with Dr. John Sfakianakis, SUSTG’s President Richard Wilson asked about the importance of the […]
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The fundamentals of the oil price slide: where’s the bottom and is Saudi Arabia still a swing producer?
With a precipitous slide in the price of oil to less than half its July 2014 highs, markets around the world are watching Saudi Arabia closely as they try to figure out where the bottom might be for oil prices. But given its low extraction costs, significant capital investment in production infrastructure and large capital reserves, […]
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Saudi Arabia’s 2015 Budget: A Message of Confidence and Focus on Human Capital – John Sfakianakis
Saudi Arabia’s 2015 budget has captured attention as a counter-cyclical fiscal policy to spend heavily despite a projected deficit on the back of falling oil prices. SUSTG’s President Richard Wilson sat down with Dr. John Sfakianakis, Regional Director for the GCC at Ashmore Group, for a wide-ranging interview to discuss issues affecting the Saudi economy. The discussion […]
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MUST-READS
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Could There Ever Be a Middle East NATO?
Anwar Gargash, a senior diplomatic advisor to the Emirati president, said the UAE will not be a part of any defense alliance “that sees confrontation as a direction.” A Middle East NATO, Gargash said, was a “theoretical” concept.
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Analysis: Will Seoul and Washington make Riyadh nuclear-weapons ready?
Only weeks before Biden’s visit, Riyadh invited South Korea, Russia, and China to bid on the construction of two large power reactors. On that bid, Korea Electric Power Company (KEPCO) is the most likely winner. KEPCO has already built four reactors for Riyadh’s neighbor, the United Arab Emirates, and is the only vendor to bring a power reactor of its own design online in the Middle East. South Korea also is the only government to provide reliable, generous financing, free of political strings—something neither Moscow nor Beijing can credibly claim.
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Capacity constraints: Is Saudi oil output nearing its ceiling?
Any attempt to ramp up output from mature fields through additional enhanced oil recovery methods will require a great deal of planning and execution that cannot be taken on an arbitrary or a short-term basis. Another industry expert told Upstream that oil giants like Aramco cannot always produce to their limits for months at a time, as that can lead to faster declines in the reservoirs and threaten the long-term potential of the oilfields.
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What is THE LINE?
What if we could start again? THE LINE rethinks everything we know about how people live, work and play. A 170 km-long vertical city, designed around people, rather than cars. A revolution in urban living. A city that delivers new wonders for the world.
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What is THE LINE?
What if we could start again? THE LINE rethinks everything we know about how people live, work and play. A 170 km-long vertical city, designed around people, rather than cars. A revolution in urban living. A city that delivers new wonders for the world.
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Who is Outsmarting Whom? Khamenei Receives Putin in Tehran
Russia has historically used Iran as a bargaining chip in negotiations with the United States by commiserating over shared anti-American interests with Iran but ultimately selling Iran’s interests in return for even minor concessions from the United States, which may or may not have been related to Iran. It is therefore no surprise that Khamenei hopes for a “forever war” between Russia and NATO, which makes Moscow less likely to cut deals with Washington over Tehran’s head.
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Will Lucid Motors’ Saudi Arabian Connection Help Win Them A Big Aston Martin Partnership?
In its first year in production, EV manufacturer Lucid Motors won the coveted Motor Trend Car of the Year award with its Lucid Air sedan. Although their future appears bright regarding the design and sales of their own vehicles, they may also have a strong market with other automakers coveting their superior technology. One potential partnership that could be a mutual fit because of both companies’ connections to Saudi Arabia is a collaboration with luxury car legend Aston Martin.
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Will Lucid Motors’ Saudi Arabian Connection Help Win Them A Big Aston Martin Partnership?
In its first year in production, EV manufacturer Lucid Motors won the coveted Motor Trend Car of the Year award with its Lucid Air sedan. Although their future appears bright regarding the design and sales of their own vehicles, they may also have a strong market with other automakers coveting their superior technology. One potential partnership that could be a mutual fit because of both companies’ connections to Saudi Arabia is a collaboration with luxury car legend Aston Martin.
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Can Saudi Arabia become a force in the gaming world?
“[Gaming] is one of the largest and fastest-growing subsectors in the global entertainment sector,” he says. “[Saudi Arabia has] an interest in developing and encouraging a home-grown video game industry that develops not only games that are attractive globally but also those that take into consideration regional themes.”
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The US is the world’s biggest oil producer — so why do we still need to import crude and ask countries like Saudi Arabia for help?
Rystad Energy, a private energy research firm, found in a 2020 analysis that Middle Eastern oil fields have the world’s lowest production cost at $31 a barrel. The U.S. produced oil from deepwater wells was at $43 a barrel, with fracking-produced oil costing $44 a barrel.
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