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  • Saudi Arabia and Italy Sign Energy Cooperation Deal

    Italy and Saudi Arabia on Tuesday signed a cooperation agreement in the energy sector, with an emphasis on renewable energy, hydrogen, and carbon capture, Italian Energy and Environment Minister, Gilberto Pichetto Fratin, said while on a visit to Riyadh. Italy’s minister signed the agreement with Saudi Energy Minister Abdulaziz Bin Salman Al Saud on the sidelines of the Future Minerals Forum in Riyadh. The five-year cooperation agreement includes boosting bilateral cooperation in hydrogen production, renewables, and carbon capture and storage (CCS). The new cooperation deal will focus on clean energy and clean tech, including low-carbon hydrogen and green ammonia, according to the Italian government.

  • Saudi Arabia grants exploratory rights to six mining sites

    The Saudi Ministry of Industry and Mineral Resources has allocated mineral exploration rights for six mining sites with a combined size of 890 sq km, according to the Saudi Press Agency. The combined cost of the concessions was SAR126 million ($33.6 million), and companies are obliged to spend an additional SAR9 million to develop communities near the sites. The largest concession, Jabal Baydan (244 sq km), which is in the Hijaz Mountains and thought to contain copper, gold, zinc, silver and lead, was granted to the Canadian company Power Nickel.

  • Saudi Arabia, Japan Discuss 2026 Asian Games, Para Games in Nagoya

    Saudi Olympic and Paralympic Committee (SOPC) chief executive and secretary-general Abdulaziz bin Ahmed Baeshen met with Japan’s Parliamentary Vice-Minister for Foreign Affairs Matsumoto Hisashi in Riyadh on Monday. The meeting, held at SOPC headquarters, discussed developments in Japan's preparations for hosting the 20th Asian Games and the 5th Asian Para Games in Nagoya city in 2026. The officials also conferred about ways to facilitate the participation of the Saudi sports delegation in the games. Saudi-Japanese sports collaboration has intensified following the signing of a memorandum of understanding (MoU) between SOPC and the Japanese Olympic Committee (JOC) on the sidelines of the Paris 2024 Summer Olympics last August.

  • Saudi Arabia signs mining deals with 6 countries

    The Ministry of Industry and Mineral Resources signed a series of memoranda of understanding (MoUs) and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. This meeting marked a significant step in advancing international partnerships and fostering the development of the Kingdom's mining and minerals sector. On behalf of Saudi Arabia, the agreements were signed by Minister of Industry and Mineral Resources Bandar Alkhorayef, and Deputy Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer. The counterpart signatories included the minister of energy and natural resources from Djibouti, the minister of energy and mineral resources from Jordan, the secretary of state for business and trade from the United Kingdom, and the minister of mines and mineral development from Zambia. Additional agreements were signed with the Ministry of Finance of Austria and the Ministry of the Economy, Finance and Industrial and Digital Sovereignty of France.

  • Aramco signs 145 agreements and MoUs worth $9bn at iktva Forum & Exhibition 2025

    Aramco, one of the world’s leading integrated energy and chemicals companies, today signed 145 agreements and Memoranda of Understanding (MoUs) valued at around $9 billion at the In-Kingdom Total Value Add (iktva) Forum & Exhibition 2025. The agreements and MoUs are expected to advance the localization of goods and services in Saudi Arabia, boosting local content in the supply chain and fostering collaboration.

  • Saudi ride-hailing sector to grow fourfold in 5 years: Jeeny’s CEO

    Hammad Ehtesham, CEO of ride-hailing app Jeeny, expects the Saudi sector to register a fourfold uptick in the next five years amid rapid growth compared to peers. Speaking to Argaam on the sidelines of the Saudi Tourism Forum, the top executive added that last year saw a 40% increase in operations, with this positive trend poised to continue in 2025. This growth came thanks to the major developments witnessed in the Kingdom such as increased number of visitors, infrastructure development, and more foreign and local investments, the CEO added. He pointed out that the Jeeny has exceeded 2.5 million active users, indicating that the company made nearly 40,000 trips last year, which aligns with the market growth rates, if not better.

  • Saudi minister: Over 18.5 million pilgrims performed Hajj and Umrah in 2024

    Saudi Arabia’s Minister of Hajj and Umrah, Tawfiq al-Rabiah, said Monday that more than 18.5 million pilgrims from outside the Kingdom performed Hajj and Umrah in 2024. He highlighted recent advancements, particularly in enhancing visits to al-Rawdah al-Sharifah at the Prophet’s Mosque. By upgrading the workforce, streamlining the online booking process, and implementing a professional crowd management system, the number of visitors increased from 4 million in 2022 to over 13 million in 2024. The minister also unveiled an upgraded version of the “Nusuk” app, now offering 100 additional services designed to provide an integrated pilgrimage experience.

  • Glimpses of Saudi history: Past times in the northern region have left footprints on the landscape

    Among them is the Hail province, located in the north of Najd and famous for its monuments, especially in Jubbah and Shuwaymis. Hussain Al-Khalifah, a Saudi archeologist with more than 30 years of experience, spoke to Arab News about some of the area’s hidden gems. “There are mountains called Al-Raat and Al-Manjor. These two sites contain the oldest rock art ever immortalized on rocks … wonderful images of animals and lions (carved),” he said. “These two mountains are registered by UNESCO as a rock art site. It is somehow a form of continuous rock art, starting from Shuwaymis moving to Jubbah and ending at Al-Tawil mountain in Jouf.”

  • Saudi Arabia to enrich and sell uranium, energy minister says

    Saudi Arabia plans to monetise all minerals, including by selling uranium, Saudi Energy Minister Prince Abdulaziz Bin Salman said today according to Reuters. “We will enrich it and we will sell it and we will do a ‘yellowcake’,” Prince Abdulaziz told a conference in Dhahran, referring to a powdered concentrate of the mineral used to prepare uranium fuel for nuclear reactors. It requires safe handling although it poses few radiation risks. Saudi Arabia has a nascent nuclear programme that it wants to expand to eventually include uranium enrichment, a sensitive area given its role in nuclear weapons. Riyadh has said it wants to use nuclear power to diversify its energy mix.

  • Saudi Arabia allocates $2.66 billion to launch Standard Incentives Program for industrial growth

    The Kingdom of Saudi Arabia has announced the allocation of SR10 billion ($2.66 billion) to activate the Standard Incentives Program for the industrial sector. The initiative, approved by the Council of Ministers last month, aims to drive industrial investments, foster sustainable growth, and enhance Saudi Arabia’s global competitiveness. Funding is split between the construction and production phases, ensuring long-term sustainability. The programme’s first phase targets transformative chemical industries, automotive manufacturing, and machinery and equipment, with additional sectors to follow in 2025.