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The National Development Fund (NDF) through its supervised entities, contributed to the financing of the largest green hydrogen production plant in the world set to be established in Oxagon city at NEOM.
NDF contributes to financing world's largest green hydrogen project with SR10.3 billion financing
RIYADH — The National Development Fund (NDF) through its supervised entities, contributed to the financing of the largest green hydrogen production plant in the world set to be established in Oxagon city at NEOM.This initiative came as part of the efforts of the Saudi Industrial Development Fund (SIDF) and the National Infrastructure Fund (NIF) — under establishment —, along with local and international banks, to advance green and sustainable solutions in the Kingdom, with financing exceeding SR10.3 billion ($2.7 billion).This project comes as part of Saudi Arabia’s efforts to shift to clean energy and meet the growing demand for energy globally. Green hydrogen represents one of the most prominent investments for the Kingdom as it leads a new chapter into the future.The National...
May 23, 2023

NDF contributes to financing world's largest green hydrogen project with SR10.3 billion financing

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman addressing an energy-focused panel of the Qatar Economic Forum in Doha on Tuesday. (Bloomberg)
Saudi energy minister warns market speculators to ‘watch out’
Saudi Gazette report DOHA — Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman on Tuesday told market speculators to “watch out,” reiterating his warning that they could face pain ahead.Addressing an energy-focused panel of the Qatar Economic Forum in Doha on Tuesday, the minister warned saying: “Speculators, like in any market, they are there to stay. I keep advising that they will be ouching. They did ouch in April. I don’t have to show my cards, I’m not a poker player ... but I would just tell them, watch out.”The Qatar Economic Forum, powered by Bloomberg, kicked off in Doha on Tuesday under the theme, “A New Global Growth Story.” The event is discussing several topics on energy, trade, and technology with high-level participants, including heads of...
May 23, 2023

Saudi energy minister warns market speculators to ‘watch out’

Two proteins in Compressed blocks of pulverized coal can be used as the basis of sunlight-powered off-grid water purification.
Coal could become a valuable solar desalination material
Two proteins in Compressed blocks of pulverized coal can be used as the basis of sunlight-powered off-grid water purification.The technology is already being progressed by commercial partners toward pilot-scale production of drinking water.Dark-colored materials that strongly soak up sun light to drive seawater desalination are a long-standing research interest of KAUST’s Andrea Fratalocchi.While reading about the economic challenges of ending coal’s use for power generation, Fratalocchi was struck by a novel possible use for coal.“The two ideas clicked together: Why don’t we use coal for a new economy in water desalination?” Fratalocchi recalls.Fratalocchi and his team began to explore blocks of carbonized compressed powder (CCP), a microporous material produced by forcing...
May 23, 2023

Coal could become a valuable solar desalination material

The President-elect of Paraguay Santiago Peña Palacios received the Minister of State for Foreign Affairs, Member of the Council of Ministers, and Envoy for Climate Adel Al-Jubeir on Tuesday.
Paraguay’s president-elect meets Al-Jubeir
Saudi Gazette reportASUNCIÓN — The President-elect of Paraguay Santiago Peña Palacios received the Minister of State for Foreign Affairs, Member of the Council of Ministers, and Envoy for Climate Adel Al-Jubeir on Tuesday.Al-Jubeir extended his congratulations to Peña Palacios on his election as president of Paraguay, wishing him continued stability, progress, and prosperity.During the meeting, they reviewed relations between the two countries and ways of enhancing them in all fields.He conveyed the greetings of Custodian of the Two Holy Mosques King Salman and the Crown Prince and Prime Minister, to Peña Palacios and the government and people of Paraguay.The meeting was attended by the Kingdom’s non-resident Ambassador to Paraguay Hussein Asiri, and Director General of...
May 23, 2023

Paraguay’s president-elect meets Al-Jubeir

Custodian of the Two Holy Mosques King Salman chairs Cabinet session on Tuesday at Al-Salam Palace in Jeddah.
Cabinet commends Kingdom's launch of scientific mission with two Saudi astronauts on board to ISS
JEDDAH — The Cabinet session, chaired by Custodian of the Two Holy Mosques King Salman at Al-Salam Palace on Tuesday, commended the Kingdom's launch of the scientific mission at the International Space Station (ISS), where two Saudi astronauts are on board.The move is bound to contribute to attaining scientific results that serve humanity and help achieve the aspirations of this country and the objectives of the Saudi Vision 2030 in this area, the Cabinet said, while wishing the astronauts success in their mission and a safe return.The Cabinet applauded the Kingdom's talented students who received awards at the Regeneron International Science and Engineering Fair (ISEF 2023), which is the result of continuous government efforts to improve the quality of education and bring it in...
May 23, 2023

Cabinet commends Kingdom's launch of scientific mission with two Saudi astronauts on board to ISS

Minister of Industry and Mineral Resources Bandar Alkhorayef attended a promotional event in Riyadh on Sunday for the 6th China-Arab States Expo
Alkhorayef: Saudi products will be popular among Chinese people
Saudi Gazette report RIYADH — Minister of Industry and Mineral Resources Bandar Alkhorayef expressed the hope that Saudi products would be among the most beloved and favorite products of the Chinese people. He said this while addressing a promotional event in Riyadh on Sunday for the 6th China-Arab States Expo.Saudi Arabia will participate as a guest country in the exhibition, which will be held in Yinchuan in the Chinese region of Ningxia, from Sept. 21 to 24, 2023. The expo, with the theme of “New Era, New Opportunities, New Future,” will focus on eight major cooperation initiatives between China and the Arab side and the five priority areas where China is ready to work with the Gulf countries in the next three to five years.Alkhorayef stressed that Saudi Arabia views China as an...
May 23, 2023

Alkhorayef: Saudi products will be popular among Chinese people

Saudi Arabia is obviously considered as the political capital of the Middle East, Minister of Investment Eng. Khalid Al-Falih said on Tuesday while participating in the Qatar Economic Forum.
Saudi Arabia is the political capital of Middle East, Al-Falih says
Saudi Gazette reportDOHA — Saudi Arabia is obviously considered as the political capital of the Middle East, Minister of Investment Eng. Khalid Al-Falih said on Tuesday while participating in the Qatar Economic Forum.He noted that the Kingdom has been the convener of leaders from the regions and abroad, which have been seen and witnessed during the visits of world leaders, such as the recent one of the most successful Arab Summits in history, as well as resolving many issues within the Arab world including a ceasefire in Sudan.“All of this is good for the entire Arab region as a whole, but specifically it will be very beneficial for the integrated GCC economies,” Eng. Al-Falih said.Regarding the GCC countries, he said that they see themselves as a common market, and if there were...
May 23, 2023

Saudi Arabia is the political capital of Middle East, Al-Falih says

Argentina backs Saudi Arabia's bid to host Expo 2030
BUENOS AIRES — Argentina's Ministry of Foreign Affairs announced on Monday that it supported Saudi Arabia's bid to host the World Expo 2030, citing long-standing bilateral relations between the two countries.The Argentine government views Saudi Arabia as a strategic partner in the Middle East and values the prospects of expanding political and economic cooperation between the two nations.The World Expo is widely regarded as the largest global platform for showcasing technological advancements and cultural values that unite humanity.Riyadh’s bid to host the event faces competition from Busan (South Korea), Rome (Italy), and Odessa (Ukraine).Regardless of the outcome, the World Expo is expected to provide a unique opportunity for nations around the world to share their...
May 23, 2023

Argentina backs Saudi Arabia's bid to host Expo 2030

The Saudi Royal Guard and the Bahrain Royal Guard have begun the joint security exercise “Haris” in Riyadh.
Saudi Arabia, Bahrain begin joint security exercise 'Haris'
RIYADH — The Saudi Royal Guard and the Bahrain Royal Guard have begun the joint security exercise “Haris” in Riyadh.The joint exercise is part of the continuous cooperation between the Saudi Royal Guard and the Bahrain Royal Guard.The exercise is conducted under the direct supervision of Lt. Gen. Sheikh Nasser Bin Hamad Al Khalifa, Bahraini National Security Advisor, secretary general of the Supreme Defense Council and Royal Guard Commander, and Gen. Suhail Bin Saqr Al-Mutairi, Saudi Royal Guard Commander.The exercise was inaugurated by Chief of Operations Department and general supervisor of the joint exercise Maj. Gen. Mohammed Bin Saeed Al-Omari; besides the participants, the exercise support team was also present.The joint exercise is the first of its kind between the two...
May 23, 2023

Saudi Arabia, Bahrain begin joint security exercise 'Haris'

First batches of one million foreign pilgrims head for Saudi Arabia for lifetime spiritual journey
First batches of one million foreign pilgrims head for Saudi Arabia for lifetime spiritual journey
Saudi Gazette report MAKKAH — Around one million pilgrims will stream to Saudi Arabia from all corners of the globe over the coming weeks for the first full capacity Hajj season after the breakout of the coronavirus pandemic in 2020.The first batches of foreign pilgrims arrived in the holy cities of Makkah and Madinah on Sunday, Dhul Qada 1, corresponding to May 22, which marks the beginning of the annual Hajj pilgrimage season. The pilgrims who arrived in the Kingdom on Sunday included those who came from Malaysia and Bangladesh under the ‘Makkah Route’ initiative while the first groups of pilgrims from India arrived on board the scheduled flights in Madinah on Sunday.Foreign pilgrims were not allowed to perform Hajj during the Hajj seasons of 2020 and 2021 when the annual...
May 23, 2023

First batches of one million foreign pilgrims head for Saudi Arabia for lifetime spiritual journey

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