Saudi Arabia Recycles 100,000 Electronic Devices to Limit Environmental Impact

The Saudi capital, Riyadh. (Asharq Al-Awsat)
The Saudi capital, Riyadh. (Asharq Al-Awsat)
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Saudi Arabia Recycles 100,000 Electronic Devices to Limit Environmental Impact

The Saudi capital, Riyadh. (Asharq Al-Awsat)
The Saudi capital, Riyadh. (Asharq Al-Awsat)

Saudi Arabia was able to recycle more than 100,000 electronic devices to reduce their environmental damage as part of an effort to build a sustainable digital future that supports the efficient use of resources.

A recent report by the Communications, Space and Technology Commission, a copy of which was reviewed by Asharq Al-Awsat, showed the Kingdom’s efforts in harnessing modern technologies and creating innovative business models that contribute to building a sustainable future.

These efforts are in line with Saudi Arabia’s digital sustainability strategy, which seeks to promote circular digital economy initiatives and develop regulations to reduce electronic waste in three countries.

At the 28th Conference of the Parties, the International Telecommunication Union and more than 40 partners, including governments, companies and United Nations agencies, launched the Green Digital Action Initiative to promote digital initiatives.

The Saudi Communications Authority led the efforts in the digital economy, one of the initiative’s six tracks, which demonstrates the importance of cooperation between government and industry to fill the gaps in electronic waste management for the sake of a renewable economy.

The Authority launched a set of tools to develop digital sustainability strategies in cooperation with the Digital Cooperation Organization, which includes five detailed steps, starting with raising awareness, achieving best practices, developing the strategy, promoting coordination with relevant stakeholders and finally starting the implementation phase.

These tools demonstrate the Kingdom’s commitment to contributing to the green economy and exchanging experiences with the international community to ensure the adoption of best practices to reach sustainable societies.

The report also showed that $649 billion was earmarked to support the adoption of environmental, social and corporate governance practices in 2021, an increase of 227 percent from 2019.

Saudi Arabia’s continued investments in its digital infrastructure over the past years qualify the Kingdom to be a leader in digital sustainability commitments globally, the report underlined, adding that the Communications, Space and Technology Commission is prepared to become one of the most advanced fifth-generation digital regulatory bodies at the international level.



Oil Falls as US Recession Fears Offset Mideast Tensions

A man pumps gas into a vehicle at a petrol station on October 2, 2023 in Alhambra, California. (Photo by Frederic J. BROWN / AFP)
A man pumps gas into a vehicle at a petrol station on October 2, 2023 in Alhambra, California. (Photo by Frederic J. BROWN / AFP)
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Oil Falls as US Recession Fears Offset Mideast Tensions

A man pumps gas into a vehicle at a petrol station on October 2, 2023 in Alhambra, California. (Photo by Frederic J. BROWN / AFP)
A man pumps gas into a vehicle at a petrol station on October 2, 2023 in Alhambra, California. (Photo by Frederic J. BROWN / AFP)

Oil prices fell on Monday as fears of a recession in the United States, the world's top oil consumer, offset concerns that escalating tensions in the Middle East may affect supplies from the largest producing region.
Brent crude futures inched down 4 cents, or 0.1%, to $76.77 a barrel by 0035 GMT, while US West Texas Intermediate crude futures were at $73.39 a barrel, down 13 cents, or 0.2%.
Prices were supported by persistent fighting in Gaza with an Israeli airstrike hitting two schools and killing at least 30 people on Sunday, Palestinian officials said, the day after a round of talks in Cairo ended without result.
Israel and the United States are bracing for a serious escalation in the region after Iran and its allies Hamas and Hezbollah pledged to retaliate against Israel for the killings of Hamas' leader Ismail Haniyeh and Fuad Shukr, a top Hezbollah military commander last week.
"If this conflict intensifies, crude exports could be impacted," ANZ analysts said in a note.
Despite worries about escalating tensions in the Middle East, Brent tumbled more than 3% on Friday to settle at its lowest since January. WTI, meanwhile, fell more than 3% to settle at its lowest since June.
Both contracts marked their fourth straight week of losses, their biggest losing streaks since November.
In the U.S., the number of operating oil rigs were steady at 482 last week, Baker Hughes said in a weekly report.
Weak economic data across the globe weighed on oil prices, on concerns that a sluggish global economic recovery would dampen fuel consumption.
Data released last week showed that the US economy added fewer jobs than expected last month while factories across the US, China and Europe grappled with tepid demand.
Slumping diesel consumption in China, the world's biggest contributor to oil demand growth, is weighing on global oil prices.