عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Saudi Arabia, African Countries Sign MoUs in Different Energy Fields

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz signed five memorandums of understanding with a number of African countries. SPA
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz signed five memorandums of understanding with a number of African countries. SPA
TT
TT

Saudi Arabia, African Countries Sign MoUs in Different Energy Fields

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz signed five memorandums of understanding with a number of African countries. SPA
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz signed five memorandums of understanding with a number of African countries. SPA

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz signed on Thursday five memorandums of understanding with a number of African countries, including Ethiopia, Senegal, Chad, Nigeria, and Rwanda.

The MoUs, which were signed during the Saudi-Arab-African Economic Conference, held in Riyadh, included cooperation in various fields of energy.

The memorandum of understanding signed between the Kingdom and Rwanda aims to implement the initiatives of the oil demand sustainability program, raise the economic and environmental efficiency of gas and oil, focus on innovation and environmental friendliness, enhance integration between the petroleum and petrochemical industries, develop demand for hydrocarbon resources and achieve the goals of the 'Middle East Green Initiative'.

The memorandum is a practical implementation of the Kingdom's 'Empowering Africa Initiative,' which was launched last month during the Middle East and North Africa Climate Week in Riyadh, and which aims to assist African countries in meeting the challenges of obtaining reliable and sustainable energy supplies at the most affordable costs, while reducing greenhouse gas emissions and pollution, and improving human health and well-being.

Most Viewed

 
 
Business

Report: EU to Vote on Oct 4 to Finalize Tariffs for China-made EVs

A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
TT
TT

Report: EU to Vote on Oct 4 to Finalize Tariffs for China-made EVs

A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)
A Leapmotor electric vehicle is put though a rain test on the production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024. (Photo by ADEK BERRY / AFP)

The European Union is planning to vote on whether to introduce tariffs as high as 45% on imported electric vehicles made in China on Oct. 4, Bloomberg News reported on Saturday, citing people familiar with the matter.
Member states have received a draft of the regulation for the proposed measures, the report said, adding that the new date could still change.
According to the report, the vote among the bloc's member states was slightly delayed amid last-minute negotiations with Beijing to try to find a resolution that would avoid the new levies.
The European Commission did not immediately respond to a Reuters request for comment.
The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China, on top of the EU's standard 10% car import duty.
The proposed final duties will be subject to a vote by the EU's 27 members. They will be implemented by the end of October unless a qualified majority of 15 EU members representing 65% of the EU population votes against the levies.