From Turbines To Valves: 3D Printing Transforms Energy Manufacturers

forbes.com Some of the world's largest and most advanced manufacturers in oil, gas, electric, and wind are embracing 3D printing’s ability to deliver critical parts anywhere in the…

Startup Wrap

arabnews.com CAIRO: Saudi Arabia’s entrepreneurial space is getting bigger with more startups raising funding and others expanding into the Kingdom. On the funding announcement front,…

COP28: 50 oil and gas companies sign charter to accelerate climate action in industrial sector

arabnews.com COP28 Presidency and Saudi Arabia launched the Oil and Gas Decarbonisation Charter (OGDC), a global industry charter aimed at speeding up climate action across the oil and…

The mood at Davos in the desert is one of anxiety

economist.com I , big business pow-wows are all alike. Talking heads make over-the-top predictions. The world’s problems are packaged into bite-sized quotes. Chief executives vie to use…

Why companies still want in-house data centres

economist.com S as if the cloud is swallowing corporate computing. Last year businesses spent nearly $230bn globally on external (or “public”) cloud services, up from less than $100bn in…

Abu Dhabi throws a surprise challenger into the AI race

economist.com O decades the oil-rich economies of the Gulf have shown a taste for flashy government projects with dubious payoffs. In the early 2000s Dubai spent an estimated $12bn…

Hamas’s carnage upends Joe Biden’s plans for the Middle East

economist.com Editor’s note: This story has been updated to include the latest number of Americans confirmed killed and the EU’s U-turn on freezing aid to the Palestinian Authority. “T…

America would struggle to break Iran’s oil-smuggling complex

economist.com I , an obscure company based in Dubai, bought the Ocean Kapal, an 18-year-old tanker. Since then the Panamanian-flagged vessel has been given a new name, Abundance III, and…

Oil prices fall, defying suggestions of a $100 barrel

economist.com T Saudi Arabia and its allies in the Organisation of the Petroleum Exporting Countries ( ) have been trying to climb what seems like a particularly slippery slope. Despite…

A higher global oil price will help Russia pay for its war

economist.com T could not last for ever. After reaching record volumes in recent months, despite Western embargoes, dwindling production and the risks of navigating the Black Sea,…

Saudi Arabia could 'flush' the oil market with a flood of supply to regain control over prices in the face of rising US production, crude expert says

markets.businessinsider.com Saudi Arabia may "flush" the market with a flood of supply that would sink prices, an expert said. • That comes as OPEC+ concluded its latest meeting where members pledged…

Oil companies pledge at COP28 to slash methane pollution, but critics call it a 'smokescreen'

pbs.org DUBAI, United Arab Emirates (AP) — Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine…

US-Saudi Business Council to hold conference in New Orleans

arabnews.com RIYADH: A conference to promote economic opportunities for American firms in Saudi Arabia will be held in New Orleans on Monday. Organized by the US-Saudi Business Council…

Will Smith in Talks With Michael B. Jordan to Make a Sequel to ‘I Am Legend’

variety.com Will Smith is in talks with Michael B. Jordan to make a sequel to “I Am Legend” – based on the alternate ending used in the 2007 post-apocalyptic sci-fi movie’s DVD release,…

Climate action or distraction? Sweeping COP pledges won’t touch fossil fuel use

politico.eu DUBAI, United Arab Emirates — A torrent of pollution-slashing pledges from governments and major oil companies sparked cries of “greenwashing” on Saturday, even before world…

At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"

abcnews.go.com DUBAI, United Arab Emirates -- Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine flaring in…

Will Smith Talks “Mistakes,” Saudi Arabia and ‘I Am Legend 2’ With Michael B. Jordan

hollywoodreporter.com Will Smith talked about the sequel to I Am Legend and shared much insight into his state of mind, past and future on Saturday while appearing at the third Red Sea…

Israel wants 'security envelope', no Hamas on border after war, official says

reuters.com [1/2] An Israeli soldier holds up an Israeli flag, near the border with Gaza, during a temporary truce between Israel and Palestinian Islamist group Hamas, in southern…

Satellites are the new climate police for oil and gas polluters

businessinsider.com An offshore gas platform burns methane, a potent greenhouse gas. Getty Images Fifty oil and gas companies pledged to zero out methane emissions by 2030 at the UN climate…

COP28: US touts climate leadership as oil and gas output hits record

reuters.com [1/3] U.S. Vice President Kamala Harris speaks during the United Nations Climate Change Conference COP28, in Dubai, United Arab Emirates, December 2, 2023. REUTERS/Amr…

How ‘Mandoob’ Takes Saudi’s Nascent Cinema Industry Into Uncharted, Un-Comedic Waters

hollywoodreporter.com Ali Kalthami jokingly asserts that Telfaz11, the Saudi Arabia production company he helped co-found more than 10 years ago — long before the country announced it was…

Saudi Arabia’s leadership in global clean energy advocacy stressed at COP28

arabnews.com DUBAI: Saudi Arabia is poised to take a leadership role in global forums, leveraging its presence in the G20 and the Clean Energy Ministerial to spotlight regional knowledge…

Baz Luhrmann Admits He Hasn’t Watched ‘Priscilla’ Yet

hollywoodreporter.com Among the big-name Hollywood titles screening at the Red Sea Film Festival in Jeddah, Saudi Arabia is Sofia Copolla’s Venice-bowing Priscilla, starring Cailee Spaeny and…

Thriller Fourth Wall, Jessika Borsiczky-Directed ‘Chasing Red’ to Shoot at Saudi Arabia’s Film AlUla

variety.com Kidnap thriller “Fourth Wall” and romance story “Chasing Red” are the first two titles to be shot at Saudi Arabia’s Film AlUla as part of its partnership with Hollywood…

20 New Countries Ready To Join BRICS Alliance

watcher.guru South African Ambassador Anil Sooklal confirmed in a recent interview that 20 new countries have formally applied to join BRICS. This comes after BRICS inducted six new…

Head of New Saudi Distribution and Production Companies on Wanting to “Be A Part” of the Country’s Cinematic Evolution

hollywoodreporter.com Just a few weeks ahead of Saudi Arabia’s Red Sea Film Festival in Jeddah, it was unveiled that a new regional distributor and sales operation was launching. Riyadh-based…

Kazakhstan signs deals for 3GW of wind power

reuters.com TotalEnergies signs are seen at a petrol station in Nice, France, October 10, 2022. REUTERS/Eric Gaillard/File Photo Acquire Licensing Rights ALMATY, Dec 2 (Reuters) -…

Netflix Boards Saudi Director Fatima Al-Banawi’s Mental Health Drama ‘Basma’

variety.com Netflix has boarded Saudi Arabian multi-hyphenate Fatima Al-Banawi’s feature film debut “Basma” which tackles the theme of mental illness in her country. The groundbreaking…

At UN Climate talks, oil companies pledge to combat methane; Environmentalists call it "smokescreen"

aol.com DUBAI, United Arab Emirates (AP) — Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine…

Henry Kissinger’s (Maybe) Last Interview

politico.com Rolf Dobelli: Understandably, Israel is reacting with full force against Hamas. If you, Dr. Kissinger, were in Netanyahu’s shoes, would you have reacted differently? Henry…

WME Independent Co-Head Talks “Harder Journey to Theatrical,” “Truffle Hunting” at Saudi Fest

hollywoodreporter.com The state of the theatrical film business amid the rise of streaming was among the topics of discussion at the third Red Sea International Film Festival’s market on…

IMAX Chief Commits Format To Carry Arab Films & Highlights How ‘Oppenheimer’ Is Pushing Global Sales: “We Owe A Lot To Christopher Nolan”

deadline.com “The work that exhibitors have done in this market is nothing short of exceptional,” Luke Vetere, Managing Director of Majid Al Futtaim Distribution, the largest theatrical…

End of Peak TV, AI, Stereotypes: Red Sea Fest Market Panel Takes on Hot Topics

hollywoodreporter.com The end of peak TV, the contrasting explosion of storytelling opportunities in the Middle East, AI and the portrayal were among the hot topics of debate as Red Sea 360°, the…

Jessika Borsiczky-Directed Thriller ‘Fourth Wall’ and ‘Chasing Red’ to Shoot at Saudi Arabia’s Film AlUla

variety.com Kidnap thriller “Fourth Wall” and romance story “Chasing Red” are the first two titles to be shot at Saudi Arabia’s Film AlUla as part of its partnership with Hollywood…

Stampede Ventures’ ‘Chasing Red’ To Shoot In Saudi Arabia Under 10-Picture Pact With Film AlULa

deadline.com Stampede Ventures’ adaptation of Isabell Ronin’s YA romance webnovel Chasing Red will shoot in Saudi Arabia, it was announced at the Red Sea Film Festival in Jeddah on…

Saudi Arabia’s plan to become the crown prince of gaming

theverge.com You could call it the summer that Saudi Arabia swallowed sports. On June 6th, news broke that Saudi-backed LIV Golf was merging with the Professional Golfers’ Association,…

Oil Producers Announce More Production Cuts After Meeting

nytimes.com OPEC Plus agreed on Thursday to cut oil production by almost 700,000 barrels a day, less than 1 percent of global supplies, in an effort to prop up prices. OPEC Plus, led by…

FII Priority: Ray Dalio’s ‘smart rabbit with 3 burrows’ hedge shows Chinese executives the way to navigate Middle Eastern markets

scmp.com Attendees at the event networked with major Saudi executives from Aramco, the world’s largest oil company, to Public Investment Fund (PIF), the kingdom’s US$700 billion…

Ethiopia debt service pause contingent on IMF deal by end-March ..

reuters.com Ethiopia's agreement with its bilateral creditors, other than China, to suspend debt payments until 2025 could be voided if the country does not secure an International…

Why Did Oil Drop on an OPEC+ Output Cut and Will the Selling Continue?

oilprice.com Just in case you missed it, the group, made up of OPEC and several other producers with governmental control of output, most notably Russia, concluded a meeting on Thursday…

Oil Prices Set for Yet Another Weekly Decline Despite OPEC+ Cuts

oilprice.com As traders brushed off the news of OPEC+’s deeper production cuts, crude oil prices dipped and are likely to post their sixth weekly decline in a row. OPEC+ yesterday agreed…

Saudi Arabia is struggling to boost oil prices, raising possibility of supply war with U.S

cnbc.com OPEC is facing growing challenges in its efforts to boost oil prices amid record output outside the alliance, particularly in the U.S., raising questions about how long the…

Chrysler Building's EU Co-Owner Goes Bankrupt

zerohedge.com Chrysler Building's EU Co-Owner Goes Bankrupt Europe may be experiencing its most significant real estate meltdown since the global financial crisis. The abrupt ending of…

Cooperation with Saudi Arabia central to Japan’s green ambitions

arabnews.com DUBAI: Japan must maintain close partnerships with countries like Saudi Arabia and the UAE if it is to achieve its goal to be a carbon-neutral economy by 2050, its Foreign…

New Lord Mayor of London hails maturity of Gulf economies

arabnews.com LONDON: Maturation of Gulf states’ economies presents further opportunities to deepen the relationship between the region and the UK, the new Lord Mayor of the City of…

Japan’s Saudi crude oil imports slightly up for October

arabnews.com TOKYO: Japan’s imports of Saudi crude oil for October reached 30.37 million barrels (42.4 percent of its total), according to Japanese government data. The amount was…

Oil Markets Confused and Underwhelmed by OPEC+ Cuts

oilprice.com Oil markets were left both confused and underwhelmed by the OPEC+ decision to cut 2.2 million bpd in the first quarter of 2024, with oil prices falling toward a weekly loss.…

UAE among petrostates that risk losing half their income as fossil fuel demand drops

euronews.com Energy transition brings ‘very real risk’ of conflict in petrostates, a new report warns. What can be done about it? The United Arab Emirates is one of dozens of petrostates…

OPEC+ meeting: Russia and Saudi Arabia extend oil output cuts

euronews.com The November OPEC+ meeting resulted in several more members making deep oil supply cuts whilst others stuck to existing reductions. Euronews Business take a look at how the…

‘HWJN’ Director Believes Film Will ‘Bridge the Gap’ for Fantasy in Saudi Arabia

variety.com For the first time in its history, the Red Sea Film Festival opened with an Arab film, the world premiere of Yasir Al-Yasiri’s fantasy epic “HWJN.” Speaking with Variety the…

Commodities Corner: Can gasoline prices keep falling after OPEC+ oil output cuts? What drivers need to know

marketwatch.com U.S. drivers don’t need to be too concerned about the first-quarter oil output cuts announced by major producers this week, but an extension of the reductions beyond March…

BRICS: Brazil is Latest Alliance Member to Join OPEC+

watcher.guru In a move that is certainly indicative of the bloc’s growing status globally, Brazil is the latest BRICS member to join the OPEC+ collective. Indeed, reports have stated…

Surging U.S. Oil Production Brings Down Prices and Raises Climate Fears

nytimes.com American oil fields are gushing again, helping to drive down fuel prices but also threatening to undercut efforts to reduce greenhouse gas emissions. Only three years after…

Decoding What OPEC Wants

forbes.com On November 30, 2023, OPEC (Organization of the Petroleum Exporting Countries) and its allies, collectively known as OPEC+, agreed to cut oil production by 1 million barrels…