Saudi Arabia has launched a voluntary carbon market exchange platform as the kingdom transitions to a low-carbon economy. The Regional Voluntary Carbon Market Company (RVCMC), backed by the kingdom’s sovereign wealth fund, Public Investment Fund (PIF), will auction more than 2.5 million tonnes of “high-quality” carbon credits on the exchange platform on Tuesday, it said in a statement. The basket […]
A burqa is used on a falcon’s face to cover its eyes as sight is their strongest sense. The peregrine falcon is the most predatory aerial bird of all falcon subspecies. Falconry as a traditional sport has become embedded in various cultures worldwide, the result of being practiced globally for 4,000 years. It is a […]
Frank Kane, a business journalist based in Dubai, believes that it is a supreme irony that, despite the vocal calls of environmental activists for the complete abandonment of coal as a source of power generation, 2021 will go down as the year King Coal resumed his throne in the global energy markets. Let’s check his […]
In 2021, Saudi Arabia kept up the breakneck speed of reforms that have, in recent years, propelled it to become a dynamic business, tourism, and cultural destination. The kingdom has undertaken some of the world’s most ambitious megaprojects, The National News states. From education reform and changing women’s role in society to investing billions in […]
The once lost ancient capital is now a popular tourist site. Once known as a lost city of the dead, AlUla is today a living museum that is home to ancient civilizations, historic sites and archaeological wonders dating back 200,000 years, Arab News states. Located northwest of Saudi Arabia and covering an area of more […]
Investors under a local initiative to support Saudi businesses led by SABIC are expected to contribute more than SR11.4 billion ($3 billion) to the Kingdom’s economy and create around 10,316 jobs, Arab News reports. (Saudi Basic Industries Corporation, known as SABI, is a Saudi Arabian multinational chemical manufacturing company and a subsidiary of the state-owned […]
Camping weekends have long been a favorite winter pastime for Saudis, who erect their own tents or rent shelters in popular wilderness areas. But this year the experience will be different, with campers requiring a special permit issued for the purpose of “preserving vegetation,” according to Abdul Rahman Al-Dakheel, a spokesman for the National Center […]
Apocalyptic warnings by the IPCC underscored the urgency of tackling global warming. Saudi Arabia launched two initiatives to emphasize its leadership role in the campaign. Let’s read the full story written by Arab News. 2021 could go down in history as the that year when climate change made the transition from being mainly the concern […]
There is a huge race in the world, in which most countries participate. The race is called “Race to Zero”. Is it possible to achieve zero emissions? The world is optimistic. About 140 countries have committed to zero emissions in the coming decades. Ukraine is the last in the list of these countries, but there […]
Leading oil exporter Saudi Arabia will strive to achieve zero carbon emissions by 2060, its de facto ruler, Crown Prince Mohammed bin Salman announced on October 23 at the Future Investment Initiative forum ahead of the UN Climate Conference (COP-26). Ben Salman stressed that Saudi Arabia would fight climate change while ensuring stability in the […]
