WTTC Summit Launches From Riyadh Global Tourism Index for Innovation, Future Sustainability

The 22nd Global Summit of the World Travel and Tourism Council (WTTC) concluded in Riyadh on Wednesday. (Photo: AFP)
 
The 22nd Global Summit of the World Travel and Tourism Council (WTTC) concluded in Riyadh on Wednesday. (Photo: AFP)  
TT

WTTC Summit Launches From Riyadh Global Tourism Index for Innovation, Future Sustainability

The 22nd Global Summit of the World Travel and Tourism Council (WTTC) concluded in Riyadh on Wednesday. (Photo: AFP)
 
The 22nd Global Summit of the World Travel and Tourism Council (WTTC) concluded in Riyadh on Wednesday. (Photo: AFP)  

The 22nd Global Summit of the World Travel and Tourism Council (WTTC) concluded its work in Riyadh on Wednesday, with an initiative to launch a global tourism index for innovation and future sustainability.

Meanwhile, Saudi Tourism Minister Ahmed Al-Khatib pointed to the importance of Saudi Arabia on the map of international travel and tourism, indicating that the Kingdom’s embrace of the Global Center for Sustainable Tourism was an important step towards achieving carbon neutrality.

Wildlife

The Saudi Minister of Tourism, and US actor and global philanthropist Edward Norton have donated $1 million each to the Maasai Wildlife Conservation Trust in Kenya, of which Norton will be Chairman of the Board of Directors.

In remarks at the summit, Norton said: “The defining challenge of the 21st Century is adapting our economies and industries to be ecologically sustainable and to put the brakes on global warming.”

Norton emphasized the need to “raise the bar higher on sustainability standards for the tourism industry.”

“I’m enormously grateful for the contribution WTTC and our hosts at the Saudi Ministry of Tourism have made to the critical work of Maasai Wilderness Conservation Trust. This organization is a shining example of how frontline indigenous communities can build transformative new economic opportunity through wise management of natural resources,” he told the summit.

Reducing Emissions

Meanwhile, the Global Center for Sustainable Tourism revealed in a press conference on Wednesday, on the sidelines of the summit in Riyadh, the role of the sector in reducing the percentage of its emissions by more than 40 percent by 2030 through radical measures aimed at achieving carbon neutrality.

A report entitled “Developing travel and tourism for a better world” showed that the global travel and tourism sector contributed to creating promising opportunities for societies and the economy, but stressed, at the same time, the importance of finding urgent solutions to the environmental impact of the sector, which causes 9-12 percent of the total greenhouse gas emissions around the world.

Innovation and Sustainability Index

On a different note, Saudi Arabia has called on all concerned government agencies around the world for the widest possible cooperation for a sustainable future for the travel and tourism sector, by working to launch a new global index that seeks to promote smart and sustainable travel.

The Saudi Tourism Authority (STA) will collaborate with the largest industry intelligence and news platform, Skift, to establish a framework for the planned index.

The index could provide thousands of national and international organizations with data that will drive elevated sector services, inform policy reforms to boost and enable country-level innovation.

A statement noted that the planned index has been structured to incorporate international best practices as well as global tourism and innovation indices, and will build on the work of the World Economic Forum, the Organization for Economic Cooperation and Development, and the World Tourism Organization.

It would be based on surveys and data collection, and provide a holistic smart tourism score that measures performance across three pillars – the ecosystem, the destination, and the experience, the statement added.

Fahd Hamidaddin, Saudi Tourism Authority CEO and Member of the Board, said: “As the fastest growing tourism market in the G20, Saudi Arabia is moving rapidly to create authentic, immersive and unrivalled experiences for travelers from around the world.”

“The concept behind the Tourism Innovation Index is another important step in this direction and can give a truly global impact. It will provide invaluable data and insight that informs policy, drives meaningful change and promotes continuous enhancement.”

For his part, Rafat Ali, Skift Founder, said: “Bringing together leading tourism players to share best practices related to destination stewardship, sustainability, connectivity and inclusivity is critical for the industry’s success. We are therefore delighted to collaborate with the Saudi Tourism Authority to look at the future creation of what will be a global index that clearly defines what really constitutes innovation in tourism.”

He noted that countries and regions, who have already expressed an interest in collaborating, included Singapore, South Korea, Japan and Western Australia.



Iraq in Talks with Gulf States on Pipeline Exports beyond Hormuz

Workers carry out maintenance on a pipeline at a gas separation station in the Zubair oil field near Basra (AP). 
Workers carry out maintenance on a pipeline at a gas separation station in the Zubair oil field near Basra (AP). 
TT

Iraq in Talks with Gulf States on Pipeline Exports beyond Hormuz

Workers carry out maintenance on a pipeline at a gas separation station in the Zubair oil field near Basra (AP). 
Workers carry out maintenance on a pipeline at a gas separation station in the Zubair oil field near Basra (AP). 

Iraq is in talks with Gulf countries to use their pipeline networks to secure alternative oil export routes beyond the Strait of Hormuz, the state oil marketer SOMO said Thursday.

The move is part of an emergency strategy by the oil ministry to tap regional infrastructure and bypass maritime chokepoints, ensuring Iraqi crude continues to reach global markets while offsetting higher transport costs linked to the current crisis.

Ali Nizar al-Shatari, head of the State Organization for Marketing of Oil (SOMO), said the ministry is prioritizing negotiations to access Gulf pipeline systems extending beyond the Strait of Hormuz and into the Arabian Sea, allowing exports to avoid areas of military tension.

“The goal is to secure stable routes that guarantee efficient flows of Iraqi oil at lower transport costs,” Shatari said, adding that Iraq generated about $2 billion in oil revenues in March, up 28 percent from February.

He said SOMO exported around 18 million barrels of crude from Basra, Kirkuk and the Kurdistan region by using all available outlets, including southern ports that operated until early March and northern routes to Türkiye’s Mediterranean port of Ceyhan.

As part of efforts to diversify export options, Shatari revealed that the first shipments of fuel oil and Basra Medium crude successfully reached Syrian ports.

He noted that Iraq had signed a deal to export 50,000 barrels per day via this route, describing cooperation with Syria as “very significant,” with storage and security provided to ensure safe delivery to the port of Baniyas.

The route has proven effective and could become a permanent option after the crisis, he added.

Shatari further noted that the oil ministry is close to completing repairs on the Iraq-Türkiye pipeline, which suffered extensive damage in previous years.

Technical teams have inspected the most difficult terrain, with about 200 kilometers (125 miles) still to be assessed in the coming days before full pumping of Kirkuk crude resumes.

In a notable logistical move, Iraq has begun pumping Basra crude northwards for export via Ceyhan.

Flows started at 170,000 barrels per day and are expected to stabilize between 200,000 and 250,000 bpd, helping offset disrupted southern exports and supply energy-hungry markets in Europe and the Americas.

Shatari said Iraq has benefited from rising global prices by selling Kirkuk crude — a medium-grade oil — at strong premiums.

He also confirmed the reactivation of an agreement with the Kurdistan region to reuse the pipeline through the region to Ceyhan, helping lift total exports to 18 million barrels in March.

This came despite a drop in production in Kurdistan fields to about 200,000 bpd due to security threats, he added.

 

 


World Food Prices Rose in March as Iran War Lifted Energy Costs, FAO Says

 A farmer carries harvested rice at a paddy field in Samahani, Aceh province on April 2, 2026. (AFP)
A farmer carries harvested rice at a paddy field in Samahani, Aceh province on April 2, 2026. (AFP)
TT

World Food Prices Rose in March as Iran War Lifted Energy Costs, FAO Says

 A farmer carries harvested rice at a paddy field in Samahani, Aceh province on April 2, 2026. (AFP)
A farmer carries harvested rice at a paddy field in Samahani, Aceh province on April 2, 2026. (AFP)

The war in the Middle East has pushed food commodity prices higher due to higher energy and fertilizer costs, the UN's food agency said Friday. 

The UN's Food and Agriculture Organization (FAO) said its Food Price Index, which measures the monthly changes in international prices of a basket of food commodities, had increased 2.4 percent in March from February. 

It was the second rise in a row, which the agency said was largely due to higher energy prices linked to conflict in the Middle East. 

Within the index, the category of vegetable oil saw the sharpest rise, of 5.1 percent over February, as palm oil prices reached their highest point since the middle of 2022, due to effects from spiking crude oil prices, FAO said. 

However, a "broadly comfortable" supply of cereal has cushioned the damaged from the conflict, FAO said. 

"Price rises since the conflict began have been modest, driven mainly by higher oil prices and cushioned by ample global cereal supplies," said FAO Chief Economist Maximo Torero in a statement. 

But he warned that if the conflict goes on beyond 40 days and the high prices on fertilizer continue, "farmers will have to choose: farm the same with fewer inputs, plant less, or switch to less intensive fertilizer crops". 

"Those choices will hit future yields and shape our food supply and commodity prices for the rest of this year and all of the next." 

Disruptions to production and supply chain routes had also introduced "additional uncertainty" into the outlook for wheat and maize, FAO found. 


Turkish Inflation Near 2% Monthly in March, Below Forecasts

A full moon rises behind Galata Tower, in Istanbul, Türkiye, Thursday, April 2, 2026. (AP)
A full moon rises behind Galata Tower, in Istanbul, Türkiye, Thursday, April 2, 2026. (AP)
TT

Turkish Inflation Near 2% Monthly in March, Below Forecasts

A full moon rises behind Galata Tower, in Istanbul, Türkiye, Thursday, April 2, 2026. (AP)
A full moon rises behind Galata Tower, in Istanbul, Türkiye, Thursday, April 2, 2026. (AP)

Turkish consumer price inflation was 1.94% month-on-month in March, while the annual figure fell to 30.87%, data from the Turkish Statistical Institute showed ‌on Friday.

In ‌a Reuters ‌poll, ⁠monthly inflation was ⁠forecast to be 2.32%, with the annual rate seen at 31.4%, driven by ⁠a rise in ‌fuel prices ‌and weather-related pressures ‌on food inflation.

In ‌February, consumer prices rose 2.96% month-on-month and 31.53% year-on-year, broadly in ‌line with estimates and reinforcing expectations that ⁠the ⁠disinflation process may be stalling.

The data also showed the domestic producer index rose 2.30% month-on-month in March for an annual increase of 28.08%.