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EUs bruised economies search for way forward
Filed under NewsMar 20MADRID – The wreckage of Spains economic growth model stands neatly aligned on the roads leading out of Madrid – row after row of unsold houses, windows dark, for-sale signs out front.
Spain and other countries on Europes financially stricken fringe are groping for a new basis from economic growth to put people to work and pay down crushing deficits and debts. In Spains case, something to start generating jobs for 4 million unemployed people amid the rubble of an unsustainable construction and housing boom.
The question is especially urgent in countries with the eurozones messiest public finances: Spain, Portugal, Ireland, and Greece.
Tagged as: aerospace, Aleksander Sawicki, Athens, Banco Santander, BMW, Carlos Abadie, clerk, Competition Commissioner, construction worker, Dell, Dublin, EADS NV, economist, Egypt;, Elaine Byrne, energy;, EUR, Europe;, European Commission, European Union;, Europes government, Fiber Optic, fiber optic network, finance crisis, foreman, France;, Germany;, Greece, high-tech hubs, home alarm systems, IE Business School in Madrid, industrial equipment maker, Ireland, Joaquin Almunia, Jose Luis Rodriguez Zapatero, lawyer, Madrid;, manufacturing site, Nick Matthews, or solicitor, Pablo Guijarro, Panama Canal, Peugeot Citroen, Poland, Porsche, Portugal, Portugals Socialist government, Prime Minister, professor, Rafael Pampillon, refrigeration systems, Renault SA, renewable energy, renewable energy sources, Repsol YPF, Roberto Pascual, Royal Bank of Scotland, sandwich chain, Siemens AG, Socialist government, solicitor, Spain;, Standard, Standard and Poors, Subway, telecommunications, Telefonica, Turkey;, United States;, USD;, Volkswagen AG -
Mar 20
JEDDAH – More than 1 billion people, or about one in six worldwide do not have safe drinking water and more than 2 billion lack access to adequate sanitation, the United Nations Development Program said. If current water usage trends continue, by the year 2025 two-thirds of the worlds population wont have enough clean water.
As the World Water Day approaches (on Monday), now is the time for a global effort to support the widespread adoption of water reuse practices, which can be a key step toward quickly and effectively reversing the global threat of clean water scarcity.
Tagged as: Arizona, Battleboro, China;, companys Web site, Conductivity Data Logger, CONSOL Energy Inc., Dammam;, date, Egypt;, energy delivery technologies, energy industry;, energy sector, energy;, finance;, GE, GE Energy Services, General Electric Company, GEs ZeeWeed membrane bioreactor technology, Global R&D Center, Global R&D Center in Singapore, Green Bay, Heiner Markhoff, Howard, Hungary;, industrial applications, JEDDAH, Kuwait;, location, Marietta, media, media company thats, membrane bioreactor technologies, membrane bioreactor technology, Minnesota, Minnetonka, natural gas;, North American coal, North Carolina, nuclear energy, Oakwood, oil;, Oroszl?ny, president and CEO, Process Technologies Center, reuse technology, Saudi Arabia, Seychelles, Shanghai, Singapore;, sustainable water solution, SVA-FujiFilm Opto-Electronics Materials Co. Ltd., technology developments, technology sector, technology solution, technology solutions, Tempe, Tempes Kyrene Water Reclamation Facility, thermal water treatment technology, transportation, United Nations Development Program, United States;, USD;, Virginia, wastewater treatment, water, water solutions, water treatment technologies, Wis, World Water Day, www.ge.com, www.ge.com/energy, ZeeWeed technology -
France sets up cultural pavilion at Janadriya
Filed under NewsMar 19RIYADH – A chorus of Pays-Basques singers greeted King Abdullah when he visited the French pavilion on the opening night of the Janadriya festival Wednesday.
He was welcomed to the pavilion, decked out by mini-Eiffel Towers and French-style cafes, by French Culture Minister Frederic Mitterrand.
In an address Mitterrand praised the Kings promotion of traditional Arab culture, adding: “France, also with age-old traditions… shares with your majesty this unique message.”
Tagged as: Abdullah;, Antoine Basbous, Arab Countries Observatory, Arab World Institute, Bastille Day, Culture minister, Director, Eiffel Towers, Emir, energy;, France;, Frederic Mitterrand, Khaled Al-Faisal;, King, Nicolas Sarkozy;, Paris;, President, Prince, Riyadh, Saudi Arabia, Saudi Society, Senate;, the Louvre, transportation projects, USD; -
Mar 19
JEDDAH – Saudi Aramco and Petrochina are to be honored as refining & energy companies of the year at the 23rd annual presentation of Hart Energy Publishings Refining & Energy Company of the Year Awards that will take place Wednesday (March 24) at the Sheraton Phoenix Hotel in Phoenix, Arizona.
Accepting the award on behalf of Saudi Aramco will be Dawood M. Al-Dawood, vice president for Marketing, Supply, and Joint Venture Coordination, Saudi Aramco.
Tagged as: Advanced Research Center, Arizona, Athabasca Oil Sands Corp., Beijing, biofuels, CNPC, Dawood M. Al-Dawood, Director, Dover, energy operations, Energy Publishings Refining & Energy Company, energy sectors, energy security, energy;, executive vice president, Exploration and Petroleum Engineering Center, Frederick L. Potter, Hart Energy Publishing LP, Harts Executive, JEDDAH, MacKay River, Nippon Oil Corps Osaka, Nippon Oil Corps Osaka refinery, oil field;, oil production capacity, oil;, PDVSA, Petrochina Company Ltd., Phoenix, Qian Jinhua, Research and Development Center, Saudi Aramco, Science and Technology Management Division, senior director, Sheraton Phoenix Hotel, Singapore Petroleum Company Limited, state energy, state oil, state-of-the art computer technology, USD;, vice president for marketing -
Gulf region forms Aluminum Council
Filed under NewsMar 19DUBAI – Two years ago, in 2008, the primary aluminum producers in the Gulf region announced the formation of an organization – known as the Gulf Aluminum Council (GAC) – that would represent, promote and protect the interests of the aluminum industry within the region. Since then, much work has been done to establish the various committees of the GAC and build the foundations for progress toward the associations goals. This development work has culminated in the establishment of official GAC headquarters in Dubai on Wednesday.
The Board of the GAC comprises the chief executive officers of the six founding member companies, five of which have established smelters in the region, namely: Aluminum Bahrain (Alba), Dubai Aluminium Company (DUBAL), Emirates Aluminium (EMAL), Qatar Aluminium (Qatalum), and Sohar Aluminium (Sohar), in Oman.
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OPEC returns to oil sector investment
Filed under NewsMar 19VIENNA – With oil prices steady around $80, OPEC countries are returning to energy investment projects postponed at the height of the economic crisis, while foreign firms are playing a major role.
OPEC nations used the sidelines of this weeks meeting of the Organization of Petroleum Exporting Countries to speak about their plans for significant investments in energy infrastructures.
And with oil demand set to rise over the long term, investment in the energy sector, from drilling projects to building new refineries is essential.
Tagged as: Abdalla Salem El-Badri, analyst, Andrey Kryuchenkov, cheaper oil, China;, countrys oil sector, Ecuador;, Ecuadoran Oil Minister, energy infrastructures, energy investment projects, energy sector, energy;, EUR, Germanico Pinto, Hossein Noqrehkar-Shirazi, Irans, Islamic Republic of Iran;, Masoud Mirkazemi, oil and gas ventures, oil demand;, oil exporter, Oil Minister, oil prices;, oil sector investment, oil;, Organization of Petroleum-Exporting Countries;, Saudi Arabia, secretary-general, United Nations;, USD;, vice oil minister, VIENNA, VTB Capital -
Sprawling science oasis coming up in Riyadh
Filed under NewsMar 18RIYADH – Prince Salman Bin Abdul Aziz, Emir of Riyadh Region, Tuesday night laid the foundation stone of the Prince Salman Science Oasis spread over an area of 200,000 sq. meters along King Abdullah Road in the capital.
Businessmen have put in SR400 million to create the oasis. The Supreme Commission for Riyadh Development Authority will design and build the park that would initially include administrative buildings and eight thematic show halls on earth, space, water, life, energy, technology, awareness, and three dimensional art.
Tagged as: Abdullah;, businessmen, chairman, Crown Prince, Custodian, Emir, Emir of Riyadh Region, energy;, King, President, Prince, Riyadh Region, Salman Bin Abdul Aziz, Saudi Commission for Tourism and Antiquities;, Sultan Bin Abdul, Sultan bin Abdul Aziz, Sultan bin Salman;, Supreme Commission, Supreme President -
Mar 18
NEW YORK/VIENNA – Oil prices settled near $83 a barrel Wednesday after crude inventories grew less than expected last week, and the stock market rose on the Feds promise to keep interest rates at record lows.
Benchmark crude for April delivery rose $1.23 cents to settle at $82.93 a barrel on the New York Mercantile Exchange.
Tagged as: Ali Al-Naimi;, American Petroleum Institute, Arabias Oil Minister, British Court, crude oil stockpiles, Energy Information Administration, energy;, Germanico Pinto, Major, Moscow, New York;, oil demand;, oil price;, oil prices;, oil;, OPECs Ecuadorian, Organization of Petroleum-Exporting Countries;, President, producer, Retail gasoline prices, Russian government, Saudi Arabia, state oil, United States;, US Department of Energy, USD;, VIENNA, worlds largest energy consumer, Yukos -
Mar 18
ISLAMABAD – Pakistan has signed a deal with Iran paving the way for the construction of a much-delayed pipeline pumping Iranian natural gas to the energy-starved South Asian country, officials said on Wednesday.
The $7.6 billion project is crucial for Pakistan to avert a growing energy crisis already causing severe electricity shortages in the country of about 170 million.
Tagged as: 76b gas pipeline project, Baluchistan, energy crisis, energy demand;, energy needs, energy;, gas field, gas supplies, India;, Islamabad;, Islamic Republic of Iran;, Minister, natural gas;, Natural Resources, Naveed Qmar, Pakistan;, Pakistani government, Russia;, severe electricity shortages, Sindh, transportation tariff, Turkey;, United States;, USD;, worlds second-largest gas reserves -
Nesma to provide 28 KAUST scholarships
Filed under NewsMar 16RABEGH – Nesma Pioneering Gift will provide 28 scholarships for Masters and Ph.D. students at King Abdullah University for Science and Technology (KAUST). It was announced here Monday.
Scholarships at KAUST enable promising graduate students to participate in the institutes mission to advance science and technology, and take on the present challenges in energy, water, food and the environment.
Saleh Al-Turki, Chairman of Nesma, has requested that preference for the scholarships be given to Saudi scholars, thus providing greater opportunities and advancement for Saudi nationals.
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