Saudi Arabia, straining to meet water demands from the kingdom’s oil and population needs, is planning 15 billion Saudi riyals ($4 billion) in water-storage projects, the Okaz news agency said, citing National Water Co.’s chief executive officer.
Israel, Jordan and the Palestinians signed a memorandum of understanding today that outlines regional water-sharing initiatives from the Red Sea to Dead Sea to relieve shortages in the arid lands, the World Bank said.
Desert locust infestations are set to worsen along the Red Sea as a second generation of the pest insects breeds in Yemen and Sudan through January, the United Nations’ Food & Agriculture Organization said.
Shadi Sadeek Sanbar, chief financial officer at Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding Co., is planning to leave the company this month, according to four people with knowledge of the matter.
Sudan could cut back on tax breaks for businesses and delay investment in “non-priority” public projects to create more revenue for social services that help low-income earners, the International Monetary Fund said.
Saudi Aramco, the world’s largest state-run oil company, plans within this decade to produce natural gas at new fields in northern Saudi Arabia and off the Red Sea coast, Aramco’s chief executive officer said.