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Saudi Arabia’s renewables drive will face challenges

Location:

SAUDI ARABIA

Saudi Arabia has made significant progress since 2021 in developing its renewable energy sector. However, it contributes less than 5% to total electricity output. By end-2023…

Qatar will prioritise US and Asian investments

Location:

QATAR

Doha is boosting the liquidity of the QIA, its sovereign wealth fund (SWF), using some of its high fiscal surplus. The SWF is in the midst of a period of portfolio rebalancing, by…

Riyadh’s rapid-fire reforms may cause policy overload

Location:

SAUDI ARABIA

The outlook for the Saudi private sector.

Drone strike deals a blow to Saudi energy ambitions

Location:

SAUDI ARABIA

The attack comes as the kingdom’s energy sector is undergoing churn after Crown Prince Mohammed bin Salman made radical leadership changes, sacking Khalid al-Falih, and dividing…

Saudi Arabia will lead Gulf funds’ inward focus shift

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GULF STATES

This echoed the strategy of the sovereign wealth funds of Gulf Cooperation Council (GCC) states after the 2008 global financial crisis, but there are several key differences: GCC…

Saudi Aramco will double down on digitisation efforts

Location:

SAUDI ARABIA

The Infosys agreement is among a series of other deals Aramco has signed in the digital sphere so far in 2023, underlining its intention to accelerate its digital transformation…

Economic goals of Dubai and Abu Dhabi will diverge

Location:

UNITED ARAB EMIRATES

Despite its promotion of an innovation ecosystem to attract start-ups, Abu Dhabi has overall made little progress in addressing the impact of the clean-energy transition on…

Saudi Aramco IPO holds key to diversification plans

Location:

SAUDI ARABIA

This development is at the centre of 'Vision 2030', the kingdom's new medium-term strategy for reducing reliance on crude oil revenue and improving economic efficiency. The…

First Saudi royal energy minister faces the OPEC test

Location:

SAUDI ARABIA

The king’s son was appointed energy minister on September 8, just one week before Iranian attacks on two key oil facilities at Abqaiq and Khurais, which temporarily halved Saudi…

Gulf States’ SWFs will be active global investors

Location:

GULF STATES

The SWFs of the main Gulf States oil and gas producers are stepping up their investments as the countries maximise hydrocarbon revenues and diversify their economies. The SWFs are…