Al-Abdulqader to Asharq Al-Awsat: COP16 to Advocate for Strategies Against Desertification

A green space in Saudi Arabia (Asharq Al-Awsat)
A green space in Saudi Arabia (Asharq Al-Awsat)
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Al-Abdulqader to Asharq Al-Awsat: COP16 to Advocate for Strategies Against Desertification

A green space in Saudi Arabia (Asharq Al-Awsat)
A green space in Saudi Arabia (Asharq Al-Awsat)

Dr. Khalid Al-Abdulqader, CEO of Saudi Arabia’s National Center for Vegetation Cover Development and Combating Desertification, stated that the upcoming 16th Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification (UNCCD), set to kick off in Riyadh on Monday, represents a significant opportunity to strengthen international collaboration.

He added that the event will serve as a platform to showcase Saudi Arabia’s achievements in combating desertification, highlight successful initiatives such as tree-planting and sustainable projects, and encourage other nations to adopt similar strategies.

Speaking to Asharq Al-Awsat, Al-Abdulqader revealed that the conference would present numerous investment opportunities for local and international private sectors in nature-based solutions to combat desertification. These include plans for 10 investment projects in wild plant nurseries, proposals to involve private companies in the afforestation and management of selected national parks, and the development of 30 eco-tourism sites within vegetated areas. These initiatives aim to expand green spaces and mitigate desertification across the Kingdom.

Additionally, he pointed to the establishment of a dedicated unit to support and guide investors by fostering innovative ideas and providing necessary assistance in accordance with national regulations.

Green Belts and Desertification Control Efforts

Saudi Arabia prioritizes combating desertification and protecting vegetation, particularly given its challenging climatic conditions. The government is actively working to expand forests, rehabilitate degraded lands, develop national parks, conduct ecological research, and protect native plant species through initiatives like green belts.

Al-Abdulqader emphasized the importance of global cooperation in addressing desertification. COP16, he said, would strengthen international efforts to combat drought, land degradation, and their adverse effects, adding that hosting the conference underscores Saudi Arabia’s growing role in global environmental advocacy.

He also said that the Kingdom has launched significant initiatives, including the Saudi Green Initiative, which aims to plant 400 million trees by 2030 and a total of 10 billion trees by 2100, restoring approximately 40 million hectares of degraded land.

Additionally, the Saudi official revealed that the National Center for Vegetation Cover is preparing to launch the 2024 National Afforestation Season under the slogan “We Plant for Our Future”. Sponsored by the Minister of Environment, Water, and Agriculture, this campaign seeks to involve government agencies, local communities, and individuals in afforestation efforts to expand green cover, rehabilitate degraded lands, raise awareness, reduce harmful practices, and improve overall quality of life, he told Asharq Al-Awsat.

Al-Abdulqader stressed that Saudi Arabia’s environmental efforts reflect its commitment to achieving the goals of Vision 2030, which prioritizes sustainability and environmental protection.

He highlighted the center’s vital role in fulfilling the vision’s environmental objectives by managing natural resources, supporting afforestation projects, rehabilitating damaged areas, and raising awareness of the importance of vegetation cover through public campaigns.

Al-Abdulqader further noted that the center contributes to international initiatives, including Saudi Arabia’s commitment to achieving net-zero carbon emissions by 2060.

Global and Regional Cooperation

The center also supports the goals of the Middle East Green Initiative and the Saudi Green Initiative. To date, more than 95 million trees have been planted in collaboration with public, private, and nonprofit sector partners, increasing green spaces and restoring degraded lands, the official underlined.

He pointed to several international partnerships through memorandums of understanding (MoUs) with countries such as Pakistan and organizations including the United Nations Convention to Combat Desertification, the Food and Agriculture Organization (FAO), and ELAWCAT for sustainable land management.

Al-Abdulqader revealed that future agreements are in progress with China, the International Center for Agricultural Research in Dry Areas (ICARDA), and Morocco for vegetation development and desertification control, adding that Saudi Arabia is also collaborating with Egypt on stabilizing sand dunes and engaging in partnerships with Somalia, Albania, Costa Rica, Burkina Faso, and Tajikistan on environmental protection and sustainability.



Lebanese Cabinet Approves Draft Law on Financial Crisis Losses

A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)
A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)
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Lebanese Cabinet Approves Draft Law on Financial Crisis Losses

A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)
A photograph released by the Lebanese Government Press Office on December 26, 2025, show Prime Minister Nawaf Salam speaking during a press conference after a cabinet session in Beirut on December 26, 2025. (Photo by Handout / Lebanese Government Press Office / AFP)

Lebanon's government on Friday approved a draft law to distribute financial losses from the 2019 economic crisis that deprived many Lebanese of their deposits despite strong opposition to the legislation from political parties, depositors and banking officials.

The draft law will be submitted to the country's divided parliament for approval before it can become effective.

The legislation, known as the "financial gap" law, is part of a series of reform measures required by the International Monetary Fund (IMF) in order to access funding from the lender.

The cabinet passed the draft bill with 13 ministers in favor and nine against. It stipulates that each of the state, the central bank, commercial banks and depositors will share the losses accrued as a result of the financial crisis.

Prime Minister Nawaf Salam defended the bill, saying it "is not ideal... and may not meet everyone's aspirations" but is "a realistic and fair step on the path to restoring rights, stopping the collapse... and healing the banking sector.”

According to government estimates, the losses resulting from the financial crisis amounted to about $70 billion, a figure that is expected to have increased over the six years that the crisis was left unaddressed.

Depositors who have less than $100,000 in the banks, and who constitute 85 percent of total accounts, will be able to recover them in full over a period of four years, Salam said.

Larger depositors will be able to obtain $100,000 while the remaining part of their funds will be compensated through tradable bonds, which will be backed by the assets of the central bank.

The central bank's portfolio includes approximately $50 billion, according to Salam.

The premier told journalists that the bill includes "accountability and oversight for the first time.”

"Everyone who transferred their money before the financial collapse in 2019 by exploiting their position or influence... and everyone who benefited from excessive profits or bonuses will be held accountable and required to pay compensation of up to 30 percent of these amounts," he said.

Responding to objections from banking officials, who claim components of the bill place a major burden on the banks, Salam said the law "also aims to revive the banking sector by assessing bank assets and recapitalizing them.”

The IMF, which closely monitored the drafting of the bill, previously insisted on the need to "restore the viability of the banking sector consistent with international standards" and protect small depositors.

Parliament passed a banking secrecy reform law in April, followed by a banking sector restructuring law in June, one of several key pieces of legislation aimed at reforming the financial system.

However, observers believe it is unlikely that parliament will pass the current bill before the next legislative elections in May.

Financial reforms in Lebanon have been repeatedly derailed by political and private interests over the last six years, but Salam and Lebanese President Joseph Aoun have pledged to prioritize them.


Türkiye Says Russia Gave It $9 Billion in New Financing for Akkuyu Nuclear Plant

Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Reuters)
Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Reuters)
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Türkiye Says Russia Gave It $9 Billion in New Financing for Akkuyu Nuclear Plant

Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Reuters)
Türkiye’s Energy Minister Alparslan Bayraktar talks during a meeting in Ankara, Türkiye, September 14, 2023. (Reuters)

Türkiye's energy minister said Russia had provided new financing worth $9 billion for the Akkuyu nuclear power plant being built by ​Moscow's state nuclear energy company Rosatom, adding Ankara expected the power plant to be operational in 2026.

Rosatom is building Türkiye's first nuclear power station at Akkuyu in the Mediterranean province of Mersin per a 2010 accord worth $20 billion. The plant was expected ‌to be operational ‌this year, but has been ‌delayed.

"This (financing) ⁠will ​most ‌likely be used in 2026-2027. There will be at least $4-5 billion from there for 2026 in terms of foreign financing," Alparslan Bayraktar told some local reporters at a briefing in Istanbul, according to a readout from his ministry.

He said ⁠Türkiye was in talks with South Korea, China, Russia, and ‌the United States on ‍nuclear projects in ‍the Sinop province and Thrace region, and added ‍Ankara wanted to receive "the most competitive offer".

Bayraktar said Türkiye wanted to generate nuclear power at home and aimed to provide clear figures on targets.


China Bets on Advanced Technologies to Revive Tepid Industrial Sector

A humanoid robot Tiangong by Beijing Innovation Center of Humanoid Robotics Co, moves an orange as a demonstration at its company, during an organized media tour to Beijing Robotics Industrial Park, in Beijing Economic-Technological Development Area, also known as Beijing E-Town, China May 16, 2025. (Reuters)
A humanoid robot Tiangong by Beijing Innovation Center of Humanoid Robotics Co, moves an orange as a demonstration at its company, during an organized media tour to Beijing Robotics Industrial Park, in Beijing Economic-Technological Development Area, also known as Beijing E-Town, China May 16, 2025. (Reuters)
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China Bets on Advanced Technologies to Revive Tepid Industrial Sector

A humanoid robot Tiangong by Beijing Innovation Center of Humanoid Robotics Co, moves an orange as a demonstration at its company, during an organized media tour to Beijing Robotics Industrial Park, in Beijing Economic-Technological Development Area, also known as Beijing E-Town, China May 16, 2025. (Reuters)
A humanoid robot Tiangong by Beijing Innovation Center of Humanoid Robotics Co, moves an orange as a demonstration at its company, during an organized media tour to Beijing Robotics Industrial Park, in Beijing Economic-Technological Development Area, also known as Beijing E-Town, China May 16, 2025. (Reuters)

China pledged on Friday to double down on upgrading its manufacturing base and ​promised capital to fund efforts targeting technological breakthroughs, after its industrial sector delivered an underwhelming performance this year.

China's industry ministry expects output of large industrial companies to have increased 5.9% in 2025 compared with 2024, state broadcaster CCTV said on Friday, almost unchanged from the 5.8% pace in 2024.

It would also be less than the ‌6% pace ‌of the first 11 months of ‌2025, ⁠based ​on ‌data released by the National Bureau of Statistics, as a weak Chinese economy suppressed domestic demand.

Industrial output, which covers industrial firms with annual revenue of at least 20 million yuan ($2.85 million), recorded growth of 4.8% in November, the weakest monthly year-on-year rise since August 2024.

Chinese policymakers have been looking ⁠to create new growth drivers in the economy by focusing on advancing ‌its industrial sector.

China has also vowed stronger ‍efforts to achieve technological self-reliance ‍amid intensifying rivalry with the United States over dominance ‍in advanced technology.

At the annual two-day national industrial work conference in Beijing that ended on Friday, officials pledged to deliver major breakthroughs in building a "modern industrial system" anchored by advanced manufacturing.

The ​focus will be on sectors such as integrated circuits, low-altitude economy, aerospace and biomedicine, an industry ministry ⁠statement showed.

The statement comes after China launched on Friday a national venture capital fund aimed at guiding billions of dollars of capital into "key hard technologies" such as quantum technology and brain-computer interfaces.

On artificial intelligence, the industry ministry said it will expand efforts to help small and medium-sized enterprises adopt the technology, while fostering new intelligent agents and AI-native companies in key industries.

Officials also vowed to "firmly curb" deflationary price wars, dubbed "involution", referring to excessive and low-return competition among ‌firms that erodes profits.