Saudi Project to Prepare Executive Guidelines to Rationalize Sustainable Energy

Saudi Shura Council
Saudi Shura Council
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Saudi Project to Prepare Executive Guidelines to Rationalize Sustainable Energy

Saudi Shura Council
Saudi Shura Council

Saudi Arabia is currently working on enhancing energy efficiency through a huge project to prepare executive guidelines to implement the directives and principles of rationalizing sustainable energy.

This step aims at bolstering the Kingdom’s strategic approach to control energy use and ensure its sustainability in accordance with its Vision 2030.

The Saudi Shura Council has reviewed with officials of the Saudi Energy Efficiency Center the developments of the project in cooperation with specialists from the Ministry of Municipal and Rural Affairs.

The Council’s Economic and Energy Committee held a meeting on Friday to review the annual report of the Saudi Energy Efficiency Center.

The videoconference was chaired by Dr. Faisal al-Fadel and attended by the Center’s President, Nasser al-Ghamdi, and a number of officials.

They discussed the executive and administrative obstacles and challenges facing the Center and the most prominent solutions to overcome the difficulties in order to improve its achievements.

Discussions stressed on means to localize technologies and use digital technology to boost energy efficiency in the Kingdom.

They highlighted the role of digital technology in modernizing energy efficiency and increasing its value, in addition to removing regulatory barriers to innovation and improving access to energy-related data, while ensuring equitable access to digital technology and infrastructure.

The Committee is one of the Shura Council’s several specialized committees with a focus on energy consumption, rationalization of power, and innovation in the sector.

Separately, the Saudi Ministry of Commerce and Investment revealed on Saturday that it has licensed 3.4 thousand shops and stores to announce discounts for commercial establishments and e-stores on the occasion of the Kingdom's National Day during the period from Sep.22 till 24.

These included more than 1.7 million food and consumer products displayed at commercial and e-sales outlets in the Kingdom’s various regions.

Electrical and electronic devices, clothes, and other commodities and other products topped the list of the most discounted commodities.

According to a statement on Saturday, the Ministry’s monitoring teams launched 497 commercial reports about discount violations received by the Consumer Reports Center.

Regulatory measures were taken in accordance with the Anti-Commercial Fraud Law, the statement affirmed.



Türkiye Says Trade Deficit Widened 21.7% in April

FILE PHOTO: The Bosphorus strait is pictured through the window of a passenger aircraft over Istanbul, Türkiye February 1, 2019. REUTERS/Murad Sezer/File Photo
FILE PHOTO: The Bosphorus strait is pictured through the window of a passenger aircraft over Istanbul, Türkiye February 1, 2019. REUTERS/Murad Sezer/File Photo
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Türkiye Says Trade Deficit Widened 21.7% in April

FILE PHOTO: The Bosphorus strait is pictured through the window of a passenger aircraft over Istanbul, Türkiye February 1, 2019. REUTERS/Murad Sezer/File Photo
FILE PHOTO: The Bosphorus strait is pictured through the window of a passenger aircraft over Istanbul, Türkiye February 1, 2019. REUTERS/Murad Sezer/File Photo

Türkiye's trade deficit widened 21.7% year-on-year to 12$ billion in April, Trade Minister Omer Bolat said on Friday.
Exports stood at $20.9 billion in April, while imports amounted to $33 billion, he told a press conference.
The euro's gains against the US dollar since US President Donald Trump introduced new 10% baseline tariffs on all economies and slapped duties totaling 20% on the European Union had a positive effect on Turkish exports amounting to $440 million, Bolat also said.

Meanwhile, the Turkish manufacturing sector contracted in April as output and new orders continued to ease amid subdued demand, with firms scaling back employment and purchasing activity, a survey showed on Friday.
The Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers' Index (PMI) was unchanged at 47.3 in April. This marked the 13th consecutive month of easing business conditions, with any reading below 50.0 pointing to a contraction in activity.
Although new export orders eased the latest slowdown was the least pronounced so far this year, and the moderation in new business from abroad was also less marked than that seen for total new orders, the survey showed.
Manufacturers continued to scale back employment and purchasing activity, instead reducing inventories, the survey showed.
Manufacturers reported that suppliers quickened their deliveries in April, the survey showed, while the rate of input cost inflation quickened amid currency weakness and higher costs for raw materials.
"An uncertain international economic environment added to the challenges facing Turkish manufacturers in April. As such, further moderations in new orders, output and exports were recorded by the latest PMI survey," said Andrew Harker, Economics Director at S&P Global Market Intelligence.
"That said, there were some signs of improvement, raising hopes that the sector could potentially move closer to growth territory in the months ahead."