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Saudi Arabia to Award Nuclear Reactor Contract by End of 2018; U.S. Set to Miss Out
Saudi Arabia plans to award a construction contract for its first nuclear reactors by the end of 2018, a senior government official said on Tuesday as reported in Reuters. “With sponsorship from the highest levels in the state, the contract will be signed by the end of 2018,” Maher al Odan, the chief atomic energy […]
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U.S. Approves Possible Sale of THAAD Missile Defense System to Saudi Arabia with Massive $15b Price Tag
The United States has given preliminary approval for the sale of a Terminal High Altitude Area Defense (THAAD) missile defense system to Saudi Arabia with a price tag of $15 billion, according to reports and a statement by the U.S. Defense Security Cooperation Agency (DSCA). The announcement, made on the heels of Saudi Arabia’s King Salman […]
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Saudi-Russia Ties Strengthen as King Salman Visits around Russia Energy Week
Saudi-Russia ties continue to warm ahead of King Salman’s visit as the Kingdom looks to expand bi-lateral investment opportunities, according to reports. Saudi Arabia and Russia are the two biggest energy players, producing almost a quarter of the world’s oil between them. As the de facto leader of OPEC, Saudi Arabia has forged a working […]
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Saudi Arabia to Get New Bankruptcy Law Next Year, Al-Qassabi Says
Saudi Arabia will begin implementing a new bankruptcy law early next year as part of efforts to attract foreign investment and encourage private sector activity, Reuters reports, citing Saudi-owned broadcaster Al Arabiya which aired comments from Minister of Commerce and Investment Dr. Majed Al-Qassabi. “(The) bankruptcy law has been passed to the Shura Council and […]
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Saudi Arabia’s ‘Longest Railway’ to Come Online in December
Saudi Arabia’s “longest railway” running over 1700 miles between capital Riyadh and the northern city of Gurayat will kick-start operations on December 24, 2017. Considered to be one of the world’s longest railway lines, the line will pass through Majmaa, Qassim, Hail, and the Al-Jouf regions of the Kingdom. Six railway stations are in the pipeline along the […]
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‘NTP 2.0’: FT Obtains Copy of Draft of Changes to Saudi National Transformation Plan
The London-based Financial Times has obtained an internal copy of a document that outlines Saudi Arabia’s desire to amend the Kingdom’s National Transformation Plan (NTP), dubbed “NTP 2.0.” The draft document “strips out some areas earmarked for change and extend[s] the timeline of other targets” of the NTP. The changes will keep the deadline of 2020 generally, […]
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Qatar Restores Full Diplomatic Relations with Iran
Qatar restored full diplomatic relations with Iran on Thursday and promised to send its ambassador back to Tehran as the Gulf nation digs in against the demands of several Arab nations, including Saudi Arabia. According to the AP, in announcing its decision, Qatar made no mention of the diplomatic crisis roiling Gulf Arab nations since June, […]
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The Next U.S. Ambassador to Saudi Arabia?
President Trump is rumored to be nearing a selection for U.S. Ambassador to Saudi Arabia, according to reports. A New York Times reporter tweeted today that Dave Urban, who ran President Trump’s surprise successful campaign in Pennsylvania in 2016, is said to be the President’s pick for the U.S. Ambassador to Saudi Arabia. The top American newspaper’s […]
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‘Continued Improvement in Saudi Arabia’s Fiscal Position’ Seen as Revenues Increase
The latest quarterly budget performance report by Saudi Arabia’s Ministry of Finance showed a continued improvement in Saudi Arabia’s fiscal position, according to a recently released report by the Riyadh-based Jadwa Investment. “Due to an increase in government revenues, by 6 percent, and a drop in expenses by 1 percent, year-on-year, the fiscal deficit declined […]
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New York Reportedly Pulls Ahead of London in Aramco Listing Race for ‘Political Considerations’; Final Decision Rests with Crown Prince Mohammed
Despite a report in July that Saudi Aramco’s advisers have reportedly recommended London for the historic listing of the oil company, a new report now says Saudi Arabia favors New York in part because of the strength of the U.S.-Saudi relationship. Reuters originally reported that US disclosure rules were a concern for Saudi authorities. London’s Financial Conduct Authority (FCA) has […]
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MUST-READS
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Why is Iran producing 60 per cent-enriched uranium?
Nevertheless, 60 per cent was not an arbitrary choice. Cascades of centrifuges are designed to enrich uranium in steps; Iran’s centrifuges are likely set up to enrich up to 20 per cent, from 20 to 60 per cent, and from 60 to 90 per cent. Assuming the 60 per cent-enriched uranium is stored in the form of uranium hexafluoride (UF6) gas—and there would be no point in Iran converting it to any other chemical form—the enrichment step from 60 per cent-enriched to weapons-grade uranium is very short.
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Does Hydrogen Have the Support to Lead the Future of Fuel?
Many electric utilities and energy companies — including Shell, BP and Saudi Aramco — are actively exploring a transition to a hydrogen-mixed economy, with a focus on blue hydrogen as an interim step. Europe, with its dependence on imported natural gas and higher electricity costs, is setting ambitious net-zero energy targets that will incorporate a mix of blue and green hydrogen coupled with wind, solar, nuclear and an integrated energy grid.
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World Defense Show: ready for something different?
“We have had the unique advantage of being able to design this from a blank sheet of paper,” says WDS chief executive officer Shaun Ormrod, an events veteran who previously headed the company that runs the Farnborough Airshow. He and his Saudi colleagues have spent two-and-a-half years conceiving the event, which was formally launched in July last year.
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Saudi Arabia’s World Defense Show: Ready for Something Different?
After a year in which there have been few opportunities for industry professionals to meet in person, the prospect of a brand new biennial global defence exhibition in early 2022 is doubly enticing. For it will take place in a nation that is not only one of the most dynamic markets in the world, but going through remarkable economic, political, and social change.
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Can tech advances solve arid Middle East’s water scarcity problem?
She warned of a looming global water crisis, with around 1.1 billion people already lacking reliable access to water, and 2.7 billion enduring scarcity for at least one month of the year. By 2025, an estimated two-thirds of the world’s population may face water shortages.
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Can the Iran nuclear deal still be revived after its Natanz nuclear centrifuges were attacked?
These Israeli attacks are part of a wider Israeli campaign, termed its “Octopus” doctrine by Israeli politician Naftali Bennett, to target Iran directly, not just Iranian proxies like Hezbollah. This has led to an expansion of Israel’s “campaign between the wars,” originally designed to prevent an Iranian foothold in Syria but extending now to strikes on Iranian shipments in the Mediterranean and Red Sea.
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How Does the Arab World Move Away From Oil Dependence?
Some positive developments are happening in local startup ecosystems, which have been blossoming across the region, enabled by digital business models that circumvent some of the rigidities of the traditional business environment and take advantage of the prevalence of digital technologies.
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Are Covid-19 vaccines allowed during Ramadan?
They fast from sunrise to sunset—this includes drinks and other substances, such as tobacco and non-essential oral medicine. For almost 2 billion people around the world, this raises the question of whether they should postpone getting a Covid-19 vaccine injection during the daytime till after Eid, when the new moon will mark the end of Ramadan.
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Commentary: Will Vision 2030 Impact Saudi Arabia’s OPEC Strategy?
Riyadh’s policy to carry a majority of the current production cuts has proven to be successful, but if others fail to comply it may find itself in a difficult position. Iran, Venezuela, Iraq, and Libya are looking for any excuse to bring more oil to the market, all at the cost of Riyadh’s market power.
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Commentary: What Caused The Saudi-India Oil Rift?
“This incident shows that there is not just the price of crude, but terms like shipping and flexibility of contracts which producers can push back on if importers try to diversify their source of supply,” said one India-based analyst as quoted by the Indian Express.
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