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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…

NEOM is a key part of Saudi Arabia’s green rebranding

Location:

SAUDI ARABIA

NEOM is a futuristic smart urban centre and tourism hub in north-western Saudi Arabia. The official rhetoric associated with the launch of NEOM emphasises the project’s…

Saudi Arabia will lead Gulf funds’ inward focus shift

Location:

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…

High oil prices support Saudi Arabian investment plans

Location:

SAUDI ARABIA

Saudi Arabia appears to be preparing the ground for a second offering of shares in Saudi Aramco, which could raise up to USD80bn for the PIF. The proceeds will be used to bolster…

A new OPEC+ deal would not resolve Russia's problems

Location:

RUSSIA

As the COVID-19 pandemic depressed Chinese and global demand for oil, Russia and Saudi Arabia broke off their three-year price management agreement, sending prices tumbling…

Saudi oil policy will hold firm to market-led approach

Location:

SAUDI ARABIA

The decision came three days after Saudi Arabia confirmed during an OPEC meeting that it intends to persist in allowing oil prices to be determined by supply and demand, rather…

ISG losses in Iraq, Syria will undermine ideology

Location:

MIDDLE EAST

However, it has departed from other jihadist groups by developing an 'end-of-days' narrative centered on Syria, and by declaring a caliphate. As well as lending an air of…

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…

Riyadh will edge into a more visible role in Africa

Location:

SAUDI ARABIA

Hosting the inaugural Saudi-Africa summit in November, Riyadh pledged to invest USD25bn, provide USD10bn in export finance and commit USD5bn billion to development projects by the…

Gulf states will reinforce investment strategies

Location:

GULF STATES

US banking stress reinforces risks for Gulf Cooperation Council (GCC) sovereign wealth funds (SWFs), although they are not significantly exposed to global banks directly. GCC SWFs…