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Saudi Arabia Seeks to Launch Middle East’s First Carbon Exchange with Aramco, ACWA
- March 23,2022
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- SUSTG Team
Saudi Aramco and ACWA Power may be the first of a total of five companies to join a new carbon exchange set up by the Kingdom’s Public Investment Fund (PIF), according to Bloomberg.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Foxconn Eyes Potential $9 Billion Saudi Facility at Neom; Green Hydrogen Moves Forward
- March 17,2022
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- SUSTG Team
Foxconn, the world’s largest contract assembler of consumer electronics, is in talks with Saudi officials about the prospect of opening a $9 billion factory in NEOM, according to a report in the Wall Street Journal.
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Social entrepreneurship, the latest with Saudi golf, a new national holiday and much more with guest Ghadah Al-Harthi
- February 4,2022
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- SUSTG Team
Episode 25! Joining The 966 this week is a special guest, Dr. Ghadah Al-Harthi from London. Ghadah is Senior Consultant at Barker Langham, Associate Director MA Innovation Management, Central St Martins, and Young Adviser at Chatham House. This week, the hosts talk about the start of the Saudi international golf tournament, the announcement of a […]
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State Department Releases U.S.-GCC Iran Working Group Statement; Calls for Iran to ‘Seize the Diplomatic Moment’
- November 18,2021
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- SUSTG Team
Diplomats from the U.S., Saudi Arabia and other GCC nations convened in Riyadh this week to discuss a coordinated effort to counter Iran’s “range of aggressive and dangerous policies,” the State Department confirmed in a statement.
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The 966, Episode 9 – Net-Zero for Saudi Arabia, The FII in its 5th Year, and Tourism in the Kingdom
- October 29,2021
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- SUSTG Team
This week, The 966 hosts discuss a potential rival golf league to the PGA from Saudi Arabia, Boeing’s potential comeback, and Saudi Arabia has pledged to achieve net-zero emissions by 2060. The hosts also discuss the FII in its 5th year and the growing significance of the event, and whether tourism in Saudi Arabia can grow […]
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Future Investment Initiative (FII) Kicks Off 5th Annual Summit with Focus on Climate, Humanity, Energy
- October 26,2021
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- SUSTG Team
The first day of the Future Investment Initiative (FII) conference kicked off this morning in Riyadh with a focus on investing in humanity, sustainability, and impactful investing. The FII comes just a day after the Saudi Green Initiative and Middle East Green Initiative Launch Events that concluded yesterday in the Saudi capital.
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Saudi Arabia’s Nayifat Finance Company Latest to Announce IPO Plans on Surging Tadawul
- October 13,2021
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- SUSTG Team
Saudi Arabia’s Nayifat Finance Company said on Tuesday it plans an initial public offering (IPO) on the Riyadh stock exchange with a free float of 35% of its shares, according to a Reuters report. Nayifat, a consumer-focused Islamic finance firm, said in a statement that it plans a sale of 35 million shares to institutional […]
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Saudi Arabia’s Tadawul Likely to End 2021 With 30 New Listings This Year – CMA Head
- September 27,2021
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- SUSTG Team
Saudi Arabia’s stock exchange will likely end the year with more than 30 new listings as the Kingdom’s IPO bonanza in 2021 continues, according to comments from the Kingdom’s head of its Capital Markets Authority Mohammed El-Kuwaiz. El-Kuwaiz made the comments on Monday at a conference in Riyadh, according to Reuters.
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Saudi Arabia’s ACWA Power International, Key in Kingdom’s Renewable Plans, Set to IPO
- September 14,2021
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- SUSTG Team
Saudi Arabia’s ACWA Power International, described as one of Saudi Arabia’s main vehicles for building renewable energy projects, is set to raise up to 4.55 billion riyals ($1.21 billion) in its initial public offering, Bloomberg reports.
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MUST-READS
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India’s Strategic Autonomy Enters the Gulf Waters
Emerging realignments in the Middle East led by the China-brokered agreement between Saudi Arabia and Iran drive India to pursue greater strategic autonomy as rival regional powers diversify their foreign policy, embracing pragmatism and national interests over ideology and geopolitics.
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A Saudi company took as much water as it wanted during Arizona drought
But the proposal “hit a stone wall,” John Schneeman, one of the planners, told The Post. It was spurned, he said, by officials in the administration of then-Gov. Doug Ducey (R) who were “cautious of tangling with a powerful company.” The proposal also ran headlong into a view, deeply held in the rural West, that water is private property that comes with access to land, rather than a public resource.
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Saudi begins installation of 1,350km water pipes across Riyadh
Saudi Arabia’s Ministry of Environment, Water, and Agriculture has begun installing 1,350 km of water pipes across the capital city as part of the ‘Green Riyadh‘ programme, reported SPA. This comes as part of its efforts to carry 1.7 million cu m of treated water daily to irrigate 7.5 million trees in the city. The aim is to achieve sustainable green spaces for the Green Riyadh projects and other development projects in the city, stated the report.
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Saudi Arabia committed to helping UN efforts toward water, food security
He was speaking at the 43rd session of the Food and Agriculture Organization Conference, which is taking place in Rome and being held to discuss relevant issues in the light of the challenges posed by water scarcity. It is also focusing on water management, with the aim of achieving food security and comprehensive support for flexible and efficient food production.
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Biden’s green hydrogen plan hits climate obstacle: Water shortage
Reuters interviewed six researchers who study hydrogen as green power and had exclusive access to an analysis by Rystad Energy consultancy that showed that the Biden administration's vision of low-carbon hydrogen may run into a challenge that is itself exacerbated by climate change: water scarcity.
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Afghanistan-Iran border flare up spotlights water scarcity crisis
Iran and Afghanistan are going head to head over control of the supply of a crucial resource that’s shrinking by the day: water. Violence along the border between the two tumultuous countries flared up in recent weeks, stoked by a dispute over the water flowing from Afghanistan’s Helmand river into Iran. Tehran says Afghanistan’s Taliban government is deliberately depriving Iran of sufficient water supplies in order to bolster its own; but the Taliban says there isn’t enough water anymore to begin with, thanks to plummeting rainfall and river levels.
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Cold Ocean Depths Could Help Provide Freshwater for the Middle East
While the technology has been proven at small scale, there is scope to explore mega-scale versions of the technology using precedents developed in the power industry and marine transportation sector. The early steam ships carried onboard condensers that were cooled by surface seawater to condense engine exhaust steam back into water that could then be pumped under pressure into the boilers. Large-scale condensing technology is also well-proven in coal-fired power stations.
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IAEA denies watering down standards in Iran investigation
The U.N. nuclear watchdog's chief denied on Monday that his agency had watered down its standards in an investigation into past Iranian activities after Israel accused it of "capitulation to Iranian pressure". The dispute centres on the International Atomic Energy Agency's years-long investigation into the origin of uranium particles found at three undeclared Iranian sites, most of which appear to have been active around two decades ago.
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Water scarcity in the Middle East: how the region is grappling with a resource crisis
Of the 17 most water-stressed countries in the world, 11 are in the Middle East and North Africa, making it one of the most affected regions in the world. Over the years, a lack of fresh water resources has been compounded by climate change, population growth, poor management and — in some places — conflict. It has reached a stage where it affects the daily lives and health of millions.
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Water scarcity in the Middle East: how the region is grappling with a resource crisis
Of the 17 most water-stressed countries in the world, 11 are in the Middle East and North Africa, making it one of the most affected regions in the world. Over the years, a lack of fresh water resources has been compounded by climate change, population growth, poor management and — in some places — conflict. It has reached a stage where it affects the daily lives and health of millions.
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