Venture capital impact investment in Saudi Arabia reached a new high in 2021 in both total numbers of transactions and capital deployed, according to a report produced by MAGNiTT and sponsored by Wa’ed, Saudi Aramco’s entrepreneurship arm. Impact investments aim to generate a measurable social and environmental benefit alongside a financial return, Arab News reports. […]
Saudi Arabia’s southern Soudah mountains are getting a further boost to habitat protection while welcoming tourists and visitors with the signing of a new deal between Soudah Development Co. and the UN Mountain Partnership. Located in the Asir region in the southwest of the Kingdom, the juniper-covered mountains of Soudah are home to the highest […]
At the recent inaugural Saudi Green Initiative Forum and just days before the start of the recently concluded COP26 conference in Glasgow, Saudi Arabia announced its net-zero carbon emissions commitment. The announcement reinforces the Kingdom’s previous pledge to achieve half its energy production from renewable energy and a half from natural gas by 2030, Hisham […]
The world is still going to “need large amounts of fossil fuels” for a while yet, the minister added. Countries in the Arabian Gulf have made big bets on green energy, but India’s oil minister says questions still need to asked as to who the consumer will be, Oil and gas Middle East states. “GCC […]
Middle East business leaders and decision-makers consider environmental, social, and governance (ESG) initiatives to be a top business priority, focusing on energy management and occupant safety and well-being, GDNonline states. According to a survey commissioned by Honeywell on building sustainability and energy management, more than 300 business leaders and decision-makers in the UAE, Saudi Arabia […]
Archaeologists have found evidence of buildings and crop irrigation systems dating back thousands of years at Saudi Arabia’s Qusairat Aad site in Al Aflaj, said the Saudi Commission for Tourism and National Heritage. Excavations at Qusairat and nearby sites began in January after a field tour of the area prompted further investigation, and have resulted […]
Parts of northern Saudi Arabia were covered in a fine layer of hail and snow on Sunday as temperatures plummeted to approximately 7° C. A picture shared by a social media user reportedly shows snowfall in the city of Qurayyat, Al Jawf Province. Images circulating on social media showed the white landscape in the city […]
Gulf Stevedoring Contracting Company (GSCCO), part of the Gulftainer group of companies, has announced enhancements to Jubail Commercial Port. With the completed upgrades, the port now has the capacity to process 1.8 million twenty-foot containers (TEU’s) per year, WAM states. By increasing export volumes in Jubail, The Kingdom of Saudi Arabia exporters will have the […]
His Royal Highness Mohammed bin Salman bin Abdulaziz, Crown Prince and Chairman of the NEOM Company Board of Directors, today announced the establishment of OXAGON, forming the next phase of NEOM’s master plan and representing a radical new model for future manufacturing centers, based on NEOM’s strategies of redefining the way humanity lives and works […]
Prince Abdulaziz bin Salman Al Saud, Minister of Energy of Saudi Arabia, has visited the Barakah Nuclear Energy Plant located in the Al Dhafra region of the Emirate of Abu Dhabi, along with a delegation of senior energy officials. The delegation witnessed the progress and success of the first operational multi-unit nuclear energy plant in […]
