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Saudi FM: Global Energy Security Hinges on Geopolitical Stability

(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)
(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)
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Saudi FM: Global Energy Security Hinges on Geopolitical Stability

(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)
(From L) WEF president Borge Brende, International Monetary Fund (IM) Managing Director Kristalina Georgieva, Qatar's Foreign Minister Mohammed bin Abdulrahman Al Thani, Finland's Foreign Minister Pekka Haavisto, Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and US Democratic Senator from Delaware Chris Coons attend a session at the World Economic Forum (WEF) annual meeting in Davos on January 17, 2023. (AFP)

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah stressed on Wednesday that geopolitical stability was the most important key to global energy security.

Speaking at the World Economic Forum in Davos, he underlined the need for stability in the short-term for energy markets.

He added that the Kingdom was investing around $200 billion in renewable energy, both domestically and internationally.

Moreover, Saudi companies are working with 21 countries on different sources of energy, such as solar, wind and other forms of renewable energy, he stated.

“At the moment, we need to maintain energy supplies that are being priced in a way that guarantees stability. We will continue to adopt this responsible approach,” stressed Prince Faisal.

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KSrelief Distributes Bread to Refugees in Lebanon and Winter Clothing to Families in Jordan

Last week, KSrelief distributed 175,000 bags of bread to Syrian, Palestinian, and host community families in northern Lebanon. (SPA)
Last week, KSrelief distributed 175,000 bags of bread to Syrian, Palestinian, and host community families in northern Lebanon. (SPA)
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KSrelief Distributes Bread to Refugees in Lebanon and Winter Clothing to Families in Jordan

Last week, KSrelief distributed 175,000 bags of bread to Syrian, Palestinian, and host community families in northern Lebanon. (SPA)
Last week, KSrelief distributed 175,000 bags of bread to Syrian, Palestinian, and host community families in northern Lebanon. (SPA)

The King Salman Humanitarian Aid and Relief Center (KSrelief) distributed shopping vouchers on Thursday, enabling beneficiaries to purchase winter clothing of their choice from authorized stores in the Amman and Madaba governorates in the Hashemite Kingdom of Jordan.
A total of 1,055 individuals, representing 191 Palestinian refugee families, benefited from this distribution as part of the third phase of the Winter Clothing Distribution Project (Kanaf) for the year 2025, the Saudi Press Agency said on Saturday.
In Lebanon, KSrelief has continued the fourth phase of the Al-Amal Charity Bakery project in Akkar Governorate and Miniyeh District.
Last week, the initiative distributed 175,000 bags of bread to Syrian, Palestinian, and host community families across northern Lebanon, benefiting 12,500 households, which represent 62,500 individuals.
These efforts are part of the Kingdom’s ongoing relief and humanitarian initiatives, delivered through its humanitarian arm, KSrelief, to assist those in need and affected populations, especially during the harsh winter cold wave.