14th Saudi Green Building Forum to be Held in Riyadh on October

The flag of Saudi Arabia. Asharq Al-Awsat
The flag of Saudi Arabia. Asharq Al-Awsat
TT

14th Saudi Green Building Forum to be Held in Riyadh on October

The flag of Saudi Arabia. Asharq Al-Awsat
The flag of Saudi Arabia. Asharq Al-Awsat

The 14th Saudi Green Building Forum will be held in Riyadh from October 6 to 8 under the patronage of Minister of Municipalities and Housing Majed Al-Hogail.
The event will focus on the optimal operation of cities, consistent with green building standards, shed light on the localization of sustainable development goals in cities, neighborhoods and buildings, and present the endeavors of relevant stakeholders in the green building sector.
Local and international experts, specialists and investors in human- and environment-friendly services and products will attend the event, SPA reported.

Various relevant authorities are striving to improve building standards and implement crucial programs aimed at reducing carbon emissions from buildings, neighborhoods, and cities, and to integrate civic initiatives and partnerships in the planning, implementation, and recycling of building waste, to guarantee the high-quality execution of projects geared toward achieving net-zero emissions.
Secretary-General of the forum Faisal Alfadl said that this edition aims to facilitate consultations on best practices by engaging experts and companies specializing in green building tools and construction techniques.
The forum serves as a vital platform for dialogue, collaboration and innovation, driving the Kingdom's ambitious sustainability agenda forward, and shaping the future of green building and urban development in the region.
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Oil Prices Steady after Days of Losses

A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/ File Photo Purchase Licensing Rights
A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/ File Photo Purchase Licensing Rights
TT

Oil Prices Steady after Days of Losses

A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/ File Photo Purchase Licensing Rights
A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/ File Photo Purchase Licensing Rights

Oil prices steadied on Wednesday, with benchmark Brent holding above $77 a barrel, after steady sell-offs driven by expectations of reduced Chinese demand and diminishing concerns the conflict in the Middle East could spread and disrupt supply, Reuters reported.

Brent crude futures were up 14 at $77.34 a barrel by 1142 GMT. US West Texas Intermediate crude was 10 cents higher at $73.27.

Since peaking above $82 on Monday last week, Brent had shed 6.2% of its value by the end of trading on Tuesday, closing at a two-week low of $77.20. WTI fell 7.5% in the same period.

As expectations swirl economic weakness in China, the world's biggest crude importer, will subdue demand, stocks in the United States, the world's biggest producer and consumer of oil, are set to rise.

US crude oil stocks were forecast to have risen last week, according to market sources citing American Petroleum Institute figures on Tuesday. Gasoline and distillate stocks fell, however, according to the sources.

Official US government inventory estimates are set to be released on Wednesday at 10:30 a.m. (1430 GMT).