Saudi Industry Minister Discusses Mining Cooperation with Jordanian Companies

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef holding talks in Jordan with Arab Mining Company chairman of the board Mohammed Ahmed Al-Shehhi - SPA
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef holding talks in Jordan with Arab Mining Company chairman of the board Mohammed Ahmed Al-Shehhi - SPA
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Saudi Industry Minister Discusses Mining Cooperation with Jordanian Companies

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef holding talks in Jordan with Arab Mining Company chairman of the board Mohammed Ahmed Al-Shehhi - SPA
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef holding talks in Jordan with Arab Mining Company chairman of the board Mohammed Ahmed Al-Shehhi - SPA

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef met in Jordan with Arab Mining Company chairman of the board Mohammed Ahmed Al-Shehhi to discuss ways of enhancing cooperation in the mining sector.
Alkhorayef and Al-Shehhi explored opportunities to leverage the mining resources available in both Saudi Arabia and Jordan. Eng. Khalid bin Saleh Al-Mudaifer, the vice minister of mining affairs, also attended the meeting, according to SPA.
During his official visit to Jordan, Alkhorayef also held meetings with officials from Jordanian companies operating in the mining sector.
In his discussions with officials from Jordan Phosphate Mines Company, they explored avenues of cooperation in phosphate extraction and production in light of Saudi Arabia's substantial phosphate reserves.
Additionally, the minister discussed cooperation with officials from the Arab Potash Company, reviewing the progress made in implementing the memorandum of understanding signed between the company and the Saudi Arabian Mining Company (Ma'aden). The deal aims to enhance collaboration in specialized fertilizers and products in both countries.
Alkhorayef’s visit to Jordan reflects the Kingdom's commitment to strengthen Saudi-Jordanian economic cooperation, particularly in the industrial and mining fields, exchange expertise, attract investments, and create jobs. These efforts aim to deepen the economic integration between Saudi Arabia and Jordan on multiple levels.



World Bank Redirects Funds Towards Lebanon Emergency Aid

Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
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World Bank Redirects Funds Towards Lebanon Emergency Aid

Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)

The World Bank announced on Thursday that it was redirecting funds originally earmarked for development programs in Lebanon towards emergency aid for people displaced by Israeli bombardment of the country.

"The World Bank is activating emergency response plans to be able to repurpose resources in the portfolio to respond to the urgent needs of people in Lebanon," said a statement from the US-based multilateral institution.

The multilateral institution currently has $1.5 billion in funding for programs in Lebanon. Part of this amount will be redirected.

Since September 23, more than 1,000 people have been killed in an Israeli air-and-ground campaign on Lebanon that has targeted armed group Hezbollah in the south and east of the country, with strikes expanding to include the capital Beirut.

Thousands have been displaced since the bombing began, and the funds would be used to provide aid to those populations, the World Bank said.

"This would include emergency support to displaced people that could be deployed through a digital platform the World Bank helped put in place during the Covid epidemic," the statement said.