/IAEE23 en /node/2246686/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/224691">Rashid Hassan</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2023-02-07 20:32</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Being a cost-effective and low-carbon solution, nuclear energy “offers a golden opportunity” to help build a clean world, according to the director general of the World Nuclear Association.</p> <p> Sama Bilbao y Leon was speaking as a keynote speaker at the 44th IAEE International Conference in Riyadh on Tuesday. The top official said nuclear energy offers an opportunity to build a cleaner and more equitable world in which everyone has access to “clean, abundant and affordable round-the-clock energy and high quality of life.”</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/07/3667111-292366590.jpg" width="1280" height="720" alt="Sama Bilbao y Leon, director general of the World Nuclear Association, second from left, expresses her views at a panel discussion." title="Sama Bilbao y Leon, director general of the World Nuclear Association, second from left, expresses her views at a panel discussion." /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div></div></div> Tue, 07 Feb 2023 17:35:29 +0000 shahrukh.jamshed 2246686 at /node/2246566/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/124736">ARAB NEWS </a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2023-02-07 17:38</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Saudi Basic Industries Corp. is set to invest $1.3 billion in the second phase of its energy transition, said Fahad Al-Sherehy, vice president of Energy Efficiency and Carbon Management.</p> <p> Speaking during a panel discussion at the 44th International Association of Energy Economics Conference, the SABIC official revealed that in the first phase of its transition worth $1 billion, the company recorded a 10 percent drop in carbon emissions.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/07/3666806-1639134161.png" width="668" height="429" alt="" title=" SABIC invested $1 billion in the first phase of its energy transition (File)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/tags/saudi-basic-industries-corp-sabic">Saudi Basic Industries Corp. (SABIC)</a></div></div></div> Tue, 07 Feb 2023 14:41:49 +0000 owen.bennett 2246566 at /node/2246466/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reina-takla">Reina Takla</a></div><div class="field-item odd"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2023-02-07 15:54</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Clean energy technologies which include solar and wind power are not completely clean as there could be lifecycle emissions associated with these power generation methods, according to Shihab Elborai, partner at consulting business Strategy&amp; Middle East.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/07/3666561-1436817191.jpeg" width="1599" height="899" alt="" title="Shihab Elborai, partner at consulting business Strategy&amp; Middle East spoke to Arab News (AN)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/tags/business">business</a></div><div class="field-item odd"><a href="/IAEE23">IAEE23</a></div><div class="field-item even"><a href="/tags/cleanenergy">#cleanenergy</a></div><div class="field-item odd"><a href="/tags/renewables-0">#renewables</a></div></div></div> <span class="label abs-el uppercase exclusive"> Exclusive </span> Tue, 07 Feb 2023 12:59:40 +0000 owen.bennett 2246466 at /node/2246356/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/ghadi-joudah">Ghadi Joudah</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Tue, 2023-02-07 13:00</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The transport sector's dependency on fossil fuel has dropped by just 3 percent since the 1970s, Saudi Aramco's Transport Chief Technologist Amer Amer said as he emphasized the need to keep developing green fuels.</p> <p> Speaking on the third day of the International Association for Energy Economics conference in Riyadh, Amer insisted there needs to be more effort put into technology development to ensure significant greenhouse gas emission reductions.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/07/3666316-1252417643.jpeg" width="1616" height="1080" alt="" title="A panel discussion on the third day of the IAEE conference in Riyadh (Abdulrahman Shalhoub)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/tags/aramco-0">Aramco</a></div></div></div> Tue, 07 Feb 2023 10:07:27 +0000 owen.bennett 2246356 at /node/2245856/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/taxonomy/term/224691">Rashid Hassan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2023-02-06 19:10</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Events such as the IAEE Conference currently underway in the Saudi capital and COP27 held in Egypt and the upcoming COP28 in the UAE are important milestones for the region toward a successful transition to green energy transition.<br /> This was underlined by Rola Dashti, executive secretary of the UN Economic and Social Commission for Western Asia while speaking at a session titled “Energy, Development and Climate Change” at the 44th IAEE International Conference in Riyadh on Monday.<br /></p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/06/3665056-1694813429.jpeg" width="2016" height="1512" alt="Dashti praised ��������Ƶ for its green initiatives, measures taken for green energy transition, commitment to circular carbon economy, and scaling up the hydrogen energy program." title="Dashti praised ��������Ƶ for its green initiatives, measures taken for green energy transition, commitment to circular carbon economy, and scaling up the hydrogen energy program." /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div></div></div> Mon, 06 Feb 2023 16:15:28 +0000 shahrukh.jamshed 2245856 at /node/2245786/business <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reina-takla">Reina Takla</a></div><div class="field-item odd"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2023-02-06 17:08</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The world should embrace a balanced approach where climate ambitions are met without compromising on energy security and affordability, a top official from the King Abdullah Petroleum Studies and Research Center has said.</p> <p> In an exclusive interview with Arab News on the sidelines of the 44th conference of the International Association for Energy Economics, Fahad Alajlan, president of KAPSARC, said that ��������Ƶ is leading this balanced approach through programs like Saudi Green Initiative, clean energy investments, and decarbonization efforts. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/06/3664866-2046784124.jpeg" width="1599" height="899" alt="" title="Fahad Alajlan, president of KAPSARC (AN)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/main-category/business">Business</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/KAPSARC">KAPSARC</a></div><div class="field-item even"><a href="/tags/king-abdullah-petroleum-studies-and-research-center-kapsarc">King Abdullah Petroleum Studies and Research Center (KAPSARC)</a></div></div></div> <span class="label abs-el uppercase exclusive"> Exclusive </span> Mon, 06 Feb 2023 14:21:09 +0000 owen.bennett 2245786 at /node/2245716/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reina-takla">Reina Takla</a></div><div class="field-item odd"><a href="/article-authors/reem-walid">Reem Walid</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2023-02-06 15:35</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: The oil market is on track to reach balanced levels between supply and demand in 2023, King Abdullah Petroleum Studies and Research Center expert Colin Ward said in an exclusive interview with Arab News.</p> <p> During 2023, oil supply is projected to surge 2.7 million barrels per day while demand is expected to increase by 1.8 million bpd, the research expert disclosed.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/06/3664656-1932771950.jpeg" width="1599" height="899" alt="" title="King Abdullah Petroleum Studies and Research Center expert Colin Ward (AN)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/tags/king-abdullah-petroleum-studies-and-research-center-kapsarc">King Abdullah Petroleum Studies and Research Center (KAPSARC)</a></div><div class="field-item even"><a href="/tags/oil-markets">oil markets</a></div><div class="field-item odd"><a href="/KAPSARC">KAPSARC</a></div></div></div> <span class="label abs-el uppercase exclusive"> Exclusive </span> Mon, 06 Feb 2023 12:40:10 +0000 owen.bennett 2245716 at /node/2245641/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/ghadi-joudah">Ghadi Joudah</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Mon, 2023-02-06 14:06</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: A catalytic event is needed to encourage the private sector to scale up renewable and sustainable energy projects to aid the transition to green fuel, according to Princess Noura Turki Al-Saud, a founding partner at AEON Strategy.</p> <p> Speaking on the second day of the <a href="/node/2245076/business-economy">International Association for Energy Economics Conference,</a> Princess Noura praised recent moves by world leaders in the battle against climate change, but called for more involvement from private companies.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/06/3664491-1264117886.jpeg" width="994" height="663" alt="" title="Princess Noura Turki Al-Saud speaking during a panel discussion on the pathways to energy transitions at the IAEE International Conference (Abdulrhman Shalhoub)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/tags/climate-change">climate change</a></div><div class="field-item even"><a href="/tags/princess-noura-turki-al-saud">Princess Noura Turki Al-Saud</a></div></div></div> Mon, 06 Feb 2023 11:15:00 +0000 owen.bennett 2245641 at /node/2245176/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reina-takla">Reina Takla</a></div><div class="field-item odd"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-author field-type-text field-label-inline clearfix"><div class="field-label">Author:&nbsp;</div><div class="field-items"><div class="field-item even"></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2023-02-05 16:55</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Stressing the need for cooperation in the journey toward energy transition, the president of the International Association of Energy Economics said the shift should be led by energy-rich countries.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/05/3663196-908846379.jpg" width="1280" height="854" alt="Glachant noted that the Middle East and North Africa region is leading the energy sector in the world and that the Saudi capital Riyadh is one of the most prominent global destinations for business and finance. AN photo" title="Glachant noted that the Middle East and North Africa region is leading the energy sector in the world and that the Saudi capital Riyadh is one of the most prominent global destinations for business and finance. AN photo" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/tags/transition">transition</a></div><div class="field-item even"><a href="/tags/renewables">renewables</a></div><div class="field-item odd"><a href="/tags/fossil-fuel">fossil fuel</a></div><div class="field-item even"><a href="/tags/clean-energy">clean energy</a></div><div class="field-item odd"><a href="/tags/net-zero">Net Zero</a></div><div class="field-item even"><a href="/tags/climate-change">climate change</a></div></div></div> <span class="label abs-el uppercase exclusive"> Exclusive </span> Sun, 05 Feb 2023 14:00:33 +0000 shahrukh.jamshed 2245176 at /node/2245161/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reina-takla">Reina Takla</a></div><div class="field-item odd"><a href="/article-authors/ghadi-joudah">Ghadi Joudah</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2023-02-05 16:29</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: There are different solutions to make energy a strong tool for economic development, as energy sources to reach mass consumption have to be economically feasible too, said a top industry expert. </p> <p> As the world has gathered for the 44th IAEE conference in Riyadh, the president of the French Association for Energy Economics, Christophe Bonnery, told Arab News in an exclusive interview that “energy transition has a different meaning from one country to another.”  </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/05/3663161-780056262.jpeg" width="1280" height="720" alt="" title="President of the French Association for Energy Economics, Christophe Bonnery. (AN Photo)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/category/tags/saudi">Saudi</a></div><div class="field-item even"><a href="/tags/energy-0">energy</a></div><div class="field-item odd"><a href="/category/tags/france">France</a></div></div></div> <span class="label abs-el uppercase exclusive"> Exclusive </span> Sun, 05 Feb 2023 13:34:06 +0000 nirmal.menon 2245161 at /node/2245141/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reina-takla">Reina Takla</a></div><div class="field-item odd"><a href="/article-authors/nirmal-narayanan">Nirmal Narayanan</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2023-02-05 15:13</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: ��������Ƶ is not just an oil-producing country, but also an unquestionable name in the entire energy sector, as the Kingdom hosts the 44th conference of the International Association for Energy Economics for the first time in the Middle East and North Africa region in Riyadh, according to a top expert. </p> <p> In an exclusive interview with Arab News on the sidelines of the conference, Daniel Yergin, vice chairman of S&amp;P Global said that ��������Ƶ will continue to play a crucial role in both traditional energy sectors and renewables. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/05/3663126-1928701494.jpeg" width="789" height="478" alt="" title="Daniel Yergin, vice chairman of S&amp;P Global. (AN Photo)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div></div></div> <span class="label abs-el uppercase exclusive"> Exclusive </span> Sun, 05 Feb 2023 12:22:08 +0000 nirmal.menon 2245141 at /node/2245131/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/reem-walid">Reem Walid</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2023-02-05 14:40</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: Highlighting the challenges on the road to the energy transition, energy expert Daniel Yergin called for making concerted efforts and setting realistic goals to achieve success in this regard.</p> <p> The vice chairman of the American finance and insurance company S&amp;P Global was speaking at a plenary session titled “Energy volatility, security and access” at the 44th conference of the International Association for Energy Economics in Riyadh on Sunday.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/05/3663081-1667739473.jpg" width="600" height="400" alt="The vice chairman of the American finance and insurance company S&amp;P Global was speaking at a plenary session titled “Energy volatility, security and access” at the 44th conference of the International Association for Energy Economics in Riyadh on Sunday." title="The vice chairman of the American finance and insurance company S&amp;P Global was speaking at a plenary session titled “Energy volatility, security and access” at the 44th conference of the International Association for Energy Economics in Riyadh on Sunday." /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div></div></div> Sun, 05 Feb 2023 11:48:30 +0000 shahrukh.jamshed 2245131 at /node/2245076/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/ghadi-joudah">Ghadi Joudah</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Sun, 2023-02-05 10:27</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: As the world pushes to achieve net zero, there is no one path or a defined one-size solution that fits all, said Saudi Energy Minister Prince Abdulaziz bin Salman during an energy event in Riyadh. </p> <p> “There are many pathways that get us there ... pathways that take into account national circumstances, economic development, and solutions that are local, national, regional, and global,” the minister said during his inaugural speech at the 44th International Association for Energy Economics conference. </p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/05/3662671-1025545892.jpeg" width="670" height="446" alt="" title="Saudi Energy Minister Prince Abdulaziz bin Salman. (AFP/File)" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/category/tags/saudi-arabia">��������Ƶ</a></div><div class="field-item even"><a href="/tags/renewable-energy">Renewable Energy</a></div><div class="field-item odd"><a href="/KAPSARC">KAPSARC</a></div></div></div> Sun, 05 Feb 2023 07:31:23 +0000 nirmal.menon 2245076 at /node/2243731/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nirmal-menon">Nirmal Menon</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2023-02-02 17:50</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> RIYADH: When a consortium of water infrastructure companies closed green loans worth $480 million for three independent sewage treatment plants in ��������Ƶ last March, it was a harbinger of the verdant opportunity that awaited the Kingdom’s sustainable projects.</p> <p> It was a watershed moment for the consortium of Saudi companies Tawzea, Tamasuk, and Spanish firm Acciona when they secured the amount for three ISTPs — Madinah 3, Buraidah 2, and Tabuk 2 — in just six months of expressing their interest.</p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/02/3659051-163934404.jpg" width="1280" height="720" alt="An excellent case study of the PPP is the Taif Independent Sewage Treatment Plant, which was developed by Cobra &amp; Tawzea and had a treatment capacity of 100,000 m³ per day. File" title="An excellent case study of the PPP is the Taif Independent Sewage Treatment Plant, which was developed by Cobra &amp; Tawzea and had a treatment capacity of 100,000 m³ per day. File" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/category/tags/saudi-arabia">��������Ƶ</a></div><div class="field-item even"><a href="/tags/green-financing">green financing</a></div><div class="field-item odd"><a href="/tags/water-strategy">Water strategy</a></div><div class="field-item even"><a href="/tags/sustainability">sustainability</a></div></div></div> Thu, 02 Feb 2023 14:56:02 +0000 shahrukh.jamshed 2243731 at /node/2243711/business-economy <div class="field field-name-field-rbitem-author field-type-taxonomy-term-reference field-label-above"><div class="field-label">article author:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/article-authors/nour-el-shaeri-0">Nour El-Shaeri</a></div></div></div><div class="field field-name-field-publication-date field-type-datestamp field-label-hidden"><div class="field-items"><div class="field-item even"><span class="date-display-single">Thu, 2023-02-02 17:26</span></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> CAIRO: A leader in global oil production, the Middle East is positioned to take an important role in energy transition, according to a report by McKinsey &amp; Co. <br /> The Middle East currently produces almost a third of global oil supply with 48 percent of proven global oil reserves and 40 percent gas reserves, the report stated.<br /></p></div></div></div><div class="field field-name-field-binary field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><img src="/sites/default/files/2023/02/02/3659011-1751268806.jpg" width="1200" height="800" alt="The Kingdom has also launched the Saudi Green Initiative alongside the Middle East Green Initiative to fortify the region’s commitment to a greener world in addition to hosting the 44th International Association for Energy Economics Conference on Feb. 4-9, 2023.  Shuttertstock" title="The Kingdom has also launched the Saudi Green Initiative alongside the Middle East Green Initiative to fortify the region’s commitment to a greener world in addition to hosting the 44th International Association for Energy Economics Conference on Feb. 4-9, 2023.  Shuttertstock" /></div></div></div><div class="field field-name-taxonomy-vocabulary-1 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Main category:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/economy">Business &amp; Economy</a></div></div></div><div class="field field-name-taxonomy-vocabulary-9 field-type-taxonomy-term-reference field-label-above"><div class="field-label">Tags:&nbsp;</div><div class="field-items"><div class="field-item even"><a href="/IAEE23">IAEE23</a></div><div class="field-item odd"><a href="/tags/net-zero">Net Zero</a></div><div class="field-item even"><a href="/tags/climate-change">climate change</a></div><div class="field-item odd"><a href="/tags/green">Green</a></div><div class="field-item even"><a href="/tags/transition">transition</a></div><div class="field-item odd"><a href="/tags/energy-0">energy</a></div><div class="field-item even"><a href="/tags/fossil-fuels">fossil fuels</a></div><div class="field-item odd"><a href="/tags/renewables">renewables</a></div></div></div> Thu, 02 Feb 2023 14:41:20 +0000 shahrukh.jamshed 2243711 at