Kingdom signs deal to use Saudi technology in tree planting in Brazil
Kingdom signs deal to use Saudi technology in tree planting in Brazil/node/2537636/business-economy
Kingdom signs deal to use Saudi technology in tree planting in Brazil
The Kingdom and Brazil have signed a partnership agreement to use smart Saudi digital technology in tree planting in the Brazilian city of Jatai. (X/@MEWA_KSA)
Kingdom signs deal to use Saudi technology in tree planting in Brazil
Agreement backed by Ministry of Environment, Water and Agriculture, Brazilian government
Updated 26 June 2024
Arab News
RIYADH: The Kingdom and Brazil have signed a partnership agreement to use smart Saudi digital technology in tree planting in the Brazilian city of Jatai, the Saudi Press Agency reported on Tuesday.
The deal is sponsored by the Kingdom’s Ministry of Environment, Water and Agriculture and the Brazilian government.
It was agreed during MEWA’s participation in the G20 Young Entrepreneurs’ Alliance Summit in the Brazilian city of Goiania earlier this month, hosted by the National Federation of Young Entrepreneurs in Brazil.
The agreement is a turning point in international cooperation on preserving the environment, achieving sustainable development, and developing entrepreneurship, the SPA said.
It will contribute to stimulating the exchange of knowledge and technology and the transfer of expertise between the Kingdom and Brazil, enhancing their joint capability in reducing carbon emissions while strengthening strategic partnerships to develop and implement joint projects that promote sustainable development, in line with the Kingdom’s Vision 2030.
The ministry’s participation at the summit was represented by a number of entrepreneurship programs in the sector, and affiliated emerging companies.
Ali bin Mohammed Al-Sabhan, the director general of the General Department of Entrepreneurship at the ministry’s Research and Innovation Agency, said that such international participation was an example of MEWA’s efforts to support and empower entrepreneurs and emerging companies in its sectors.
It aims to continue working with member states to discuss ways of joint cooperation and exchange of expertise and knowledge, to enhance the development of the entrepreneurship system in the ministry’s sectors in particular, and the Kingdom in general, he added.
Saudi-Djibouti committee holds 6th session in Riyadh to boost trade ties
Updated 8 sec ago
Reem Walid
RIYADH: Logistics, trade, and investment ties between Saudi Arabia and Djibouti will further prosper after the countries held the sixth session of their joint committee in Riyadh.
The meeting, which took place on Nov. 18, was chaired by the Kingdom’s Minister of Transport and Logistic Services Saleh Al-Jasser, and the African nation’s Minister for Foreign Affairs and International Cooperation Mahamoud Ali Youssouf, the Saudi Press Agency reported.
According to Al-Jasser’s opening speech, the meeting embodied the deep relationship between the two countries, specifically since the efforts made are just the starting point toward enhancing trade and investment in various vital sectors, including logistics.
It also aligned well with the significant progress in the volume of trade between the Kingdom and Djibouti, which reached around SR7 billion ($1.86 billion) in 2023, thereby contributing to expanding prospects for sustainable growth as well as bolstering trade relations between both nations, the minister highlighted.
During his speech, Al-Jasser also highlighted that these figures represent an additional pillar of close and growing trade cooperation between the two sides.
He underscored that the previous session of the Saudi-Djiboutian joint committee witnessed many efforts to enhance bilateral relations and expand cooperation between both countries.
Oil Updates – prices gain on supply outages, caution over Russia-Ukraine war
Updated 19 November 2024
Reuters
TOKYO: Oil prices edged up on Tuesday, extending the previous day’s rally driven by a halt in production at Norway’s Johan Sverdrup oilfield, though investors remained cautious amid fears of an escalation in the Russia-Ukraine war.
Brent crude futures for January delivery rose 15 cents, or 0.2 percent, to $73.45 a barrel by 7:30 a.m., while US West Texas Intermediate crude futures for December delivery were at $69.31 a barrel, up 15 cents, or 0.2 percent. The more active WTI January contract rose 13 cents, or 0.2 percent, to $69.30.
Both benchmarks climbed more than $2 a barrel on Monday after Norway’s Equinor said it has halted output from its Johan Sverdrup oilfield, Western Europe’s largest, due to an onshore power outage.
Work to restart production was under way, an Equinor spokesperson said, but it was not immediately clear when it would resume.
Additionally, Kazakhstan’s biggest oil field Tengiz, operated by US major Chevron, has reduced oil output by 28 percent to 30 percent due to repairs, helping to further tighten global supplies. Repairs were expected to be completed by Saturday, the country’s energy ministry said.
“A halt of production at the 755,000 barrels per day Johan Sverdrup field in Norway due to a power outage, and a drop in production at the Tengiz field in Kazakhstan provided further upside,” said ING analysts in a note.
“In addition, geopolitical risks between Russia and Ukraine have increased after the US said it would allow Ukraine to carry out long-range missile strikes on Russia.”
Russia had unleashed its largest airstrike on Ukraine in almost three months on Sunday, causing severe damage to the country’s power system.
In a significant reversal of Washington’s policy, President Joe Biden’s administration allowed Ukraine to use US-made weapons to strike deep into Russia, two US officials and a source familiar with the decision said on Sunday.
The Kremlin said on Monday that Russia would respond to what it called a reckless decision by the Biden administration, having previously warned that such a decision would raise the risk of a confrontation with the US-led NATO alliance.
Investors are wary, said Toshitaka Tazawa, an analyst at Fujitomi Securities, “assessing the direction of the Russia-Ukraine war after the weekend’s escalation.”
Meanwhile, traders began shifting WTI trades to the January contract ahead of the expiration of the December contract on Wednesday.
WTI flipped to contango for the first time since February on Monday, with January delivery trading at a premium to the December contract in a sign that supply tightness was easing.
Annual Dubai forum dedicated to futurism explores ways to ‘empower generations’
Dubai Future Foundation CEO Khalfan Juma Belhoul unpacks the 2024 edition agenda in an exclusive interview with Arab News
“In order to have a view on the future, we need to convene and listen to everyone,” he says as Dubai Future Forum gets underway
Updated 19 November 2024
Nadia Al-Faour
DUBAI: As the third edition of the Dubai Future Forum kicks off, the UAE’s commercial capital is once again playing host to futurists, visionaries, and thought leaders from across the globe. This year’s event, being held at the city’s iconic Museum of the Future, is expected to draw over 2,500 experts, policymakers and innovators from around 100 countries.
Organized by the Dubai Future Foundation (DFF), the two-day event will feature 150 speakers across 70 sessions, making it the world’s largest gathering dedicated to futurism and foresight.
The agenda for the 2024 edition, entitled “Empowering Generations,” reflects Dubai’s vision to remain at the forefront of global futurism. The discussions will range from harnessing AI and technology for societal good to tackling the challenges of sustainability and human well-being.
The event is the world’s largest gathering dedicated to futurism and foresight. (AN Photo)
Speaking exclusively to Arab News, Khalfan Juma Belhoul, CEO of the DFF, emphasized the forum’s role in positioning Dubai as a leader in future foresight.
“Each year the event differs from the one before. The Dubai Future Forum is an anchor which positions us as leaders in foresight,” he said. “We like to promote the DFF as the headquarters of the future in the world; and in order for us to have a view on the future, we need to convene and listen to everyone.”
Held under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum, crown prince of Dubai and chairman of the DFF, the annual event aims to explore transformative shifts and identify practical solutions to ensure a better, sustainable future. Now in its third year, the forum continues to evolve.
Belhoul explained that the forum was born out of a vision of UAE Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum to institutionalize foresight as a key strategy. According to him, when Sheikh Mohammed initially decided that the country needed to institutionalize foresight — something that had not been done before — it was obvious that the first thing that was needed was to find a way to convene a class of people that understood the vision.
Key Topics: AI, sustainability, health, longevity, digital economy.
Special Guests: Dr. Makoto Suzuki, Amy Webb, Sara Sabry, Paul Saffo, Jordan Nguyen.
“Fast forward to this year, we are talking about the gathering of roughly 2,500 people, 150 speakers, and 70 sessions. The numbers are steadily increasing every year,” Belhoul said. “It makes us proud to host and listen to futurist experts, especially when they speak so fondly about the DFF. We cannot claim to own a view on the future without being inclusive, collaborative, and hearing everyone.”
Conversations at the 2024 edition of the Dubai Future Forum will center on five key themes: Foresight Insights, Transforming Humanity, Optimizing Health, Empowering Generations, and Futuring Nature. The topics align with global priorities, echoing the recent UN Summit of the Future, which focused on forging an international consensus for a better present and future.
Belhoul highlighted the significance of exploring critical topics such as artificial intelligence, sustainability and societal well-being. While themes like AI and Gen AI will be on the agenda, participants will also be actively discussing how they affect communities, nature and job sectors. “If you really focus on what matters to humans, then you realize all of the above are integral components of our conversations,” he said.
Key topics to be discussed at the event include AI, sustainability, health, longevity, and digital economy. (Supplied)
“Of course, we will also be diving deeply into foresight conversations which you can consider as main pillar alongside the other themes.
“They are integral parts of our conversations and they are integral parts of what matters to humans. We are trying to create a network of like-minded people who can talk about how foresight can be done.”
The event’s focus extends to health and longevity, exploring how technological advancements can improve human well-being. As Belhoul put it, “We have to strike the balance between leveraging technology — which we haven’t yet scratched the surface of, in terms of AI and computing — and ensuring the health and well-being of our people.”
On attendance will be star-studded lineup of global experts and futurists, including the technology forecaster Paul Saffo; Jordan Nguyen, an advocate for technology-driven human enhancement; Amy Webb, CEO of the Future Today Institute; and Sara Sabry, the first female Arab and African astronaut.
One of the most eagerly anticipated speakers is Dr. Makoto Suzuki, who will share his pioneering research on the secrets of longevity.
Conversations at the 2024 edition of the Dubai Future Forum will center on five key themes: Foresight Insights, Transforming Humanity, Optimizing Health, Empowering Generations, and Futuring Nature. (Supplied)
“There is a massive line up that I am looking forward to. Anad while I will not be able to attend all the sessions, I will be listening to them as I am running on my treadmill in the morning,” Belhoul said.
He also expressed excitement about the diversity of speakers, noting how their insights will contribute to the forum’s goal of fostering global collaboration. “While some topics are AI focused, we have people like Nguyen and Webb, who are amazing story tellers. And when you have that kind of style, you attract the audience to listen to you and engage more.”
Belhoul added: “We are trying to create a network of like-minded people who can discuss how foresight can be done. It’s amazing how like-minded we are in the foresight perspective. This validates the importance of working with different networks to create a better future.”
“And how we, as humanity, can overcome the biggest challenges we might face by collectively finding ways to solve big those issues — whether its regulations for AI, solutions for climate crises, or the economic conflicts around the world.”
Khalfan Belhoul, CEO of Dubai Future Foundation. (Supplied)
The first day of the forum will include a series of keynote addresses and thematic panels, with sessions like “From Deep Space to Deep Ocean: A Future of Exploration and Discovery” and “Concepts of Time: How Do They Shape Our Future?” Innovative exchanges in intimate settings will cover everything from deep-sea robotics to the impact of science fiction on future imaginings.
Central to the event will be exploring how foresight can lead to practical solutions for pressing global challenges. Mohammad Abdullah Al-Gergawi, UAE minister of cabinet affairs and managing director of DFF, described the Dubai Future Forum as a crucial platform for fostering international cooperation.
“Rapid transformations in technology, society, and the environment make it essential to continuously revisit our government’s priorities for future readiness,” he said.
The annual event aims to explore transformative shifts and identify practical solutions to ensure a better, sustainable future. (Supplied)
One of the new initiatives at this year’s forum is the “Dubai Future Solutions — Prototypes for Humanity” exhibition, showcasing 100 cutting-edge prototypes designed to address global challenges.
Belhoul underscored the importance of listening to diverse voices and collaborating to shape the future. “We need to find a way to work in harmony when it comes to the digital economy,” he said. “By listening to opinions from all over the world, you get a boost of knowledge as to where the future is headed.”
Reflecting on the forum’s impact, he said: “The DFF is a tool for us to come up with an action plan for the future. By being inclusive and collaborative, we aim to build a world that’s ready for whatever comes next.”
UNCCD COP16: Saudi Arabia announces Green Zone to combat land degradation
Updated 18 November 2024
REEM WALID
RIYADH: Saudi Arabia will host a special UN forum to combat desertification with the introduction of a dedicated Green Zone and thematic days for the first time in the event’s history.
As part of its presidency of the UN Convention to Combat Desertification COP16, the Kingdom has announced a dedicated area focused on raising global awareness about land degradation, while enabling key decision-makers from scientific, non-governmental, political, business, and at-risk communities to find and fund lasting solutions.
The Green Zone will host thematic days designed to rally action on critical issues, including agri-food systems and finance, during the conference set to take place from Dec. 2-13 at Boulevard Riyadh City.
This initiative aligns with the Saudi Green Initiative target to turn 30 percent of the Kingdom’s land into nature reserves, plant 10 billion trees, and restore 40 million hectares of degraded land.
“Land degradation, desertification and drought impact almost every corner of the planet, and every living being on it, from the species at risk of extinction to the lives and livelihoods impacted by severe drought,” said Osama Faqeeha, deputy minister for environment at the Ministry of Environment, Water and Agriculture, and adviser to the UNCCD COP16 Presidency.
“Saudi Arabia will host the first-ever UNCCD COP16 Green Zone to mobilize the international community and maximize the opportunity during December’s conference of delivering lasting global change,” he added.
There will also be a Blue Zone, which along with its green counterpart will feature seven thematic days designed to foster action and dialogue among key stakeholders.
Land Day will focus on land restoration initiatives and nature-based solutions, while the Business for Land Forum will bring together international leaders to discuss the economic importance of sustainable land practices.
Finance Day will address ways to close the financing gap in land degradation, along with a special ministerial dialogue and innovations in Sustainable Land Management financing. Governance Day will focus on improving women’s land rights and address policy issues surrounding land tenure and resource governance.
Agri-Food Systems Day will spotlight food security, crop resilience, and sustainable farming. Resilience Day will explore water scarcity, drought resilience, and early warning systems for sand and dust storms.
People’s Day will feature a youth caucus to engage young people, as 1 billion people under 25 in regions dependent on land and natural resources for jobs and livelihoods face significant challenges.
Alfanar Projects, SEC sign $5.33bn deals to support Saudi energy modernization
Updated 18 November 2024
Nadin Hassan
RIYADH: Energy deals worth SR20 billion ($5.33 billion) have been signed between Alfanar Projects and Saudi Electricity Co. to advance the Kingdom’s power modernization and sustainability efforts.
The agreements, announced during the Energy Localization Forum hosted by the Ministry of Energy, include the construction of the Middle East’s largest High-Voltage Direct Current Converter Station, according to a press release.
This facility, developed in partnership with China Electric Power Equipment and Technology Co., will deliver 7 gigawatts of power between the Central, Western, and Southern regions.
The deals also include projects for battery storage systems, smart distribution centers, and renewable energy integration, aimed at improving grid reliability and supporting Saudi Arabia’s Vision 2030 goals of energy self-sufficiency and sustainability.
Saudi Arabia aims to get 50 percent of its power from renewable energy by 2030, with a total capacity of 130 GW. This includes 58.7 GW from solar and 40 GW from wind, making it the most ambitious renewable energy target in the Gulf Cooperation Council.
Amer Al-Ajmi, executive vice president of sales and marketing at Alfanar Projects, said: “The confidence placed in us by the Ministry of Energy, through its representative, Saudi Electricity Co., affirms our commitment to deliver and execute transformative projects of this scale.”
He added: “At Alfanar Projects, we combine our robust resources, technical expertise, and a highly skilled national workforce to create a sustainable energy infrastructure that supports the Kingdom’s self-sufficiency goals and strengthens its role as a leader in renewable energy.”
The signing ceremony was attended by Saudi Energy Minister Prince Abdulaziz bin Salman, Minister of State Hamad bin Mohammed Al-Sheikh, and Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef.
Other key representatives included Khaled Al-Ghamdi, CEO of Saudi Electricity Co., and Sabah Al-Mutlaq, vice chairman of Alfanar Co. and managing director of Alfanar Projects, who represented both organizations.
Alfanar Projects is a Saudi-based company developing sustainable energy projects that support economic growth and environmental goals in the Kingdom and beyond.
Earlier this month, Saudi Electricity Co. reported a net profit of SR5.6 billion for the first nine months of 2024, up from SR 4.6 billion last year. The company’s power generation capacity grew by 1.4 percent, with its directly owned capacity rising to 56.9 GW.
