Al-Swaha: 'Expo 2030' Reflects Saudi Arabia's Readiness to Play Pioneering Global Role

Saudi Minister of Communications and Information Technology during his meeting with the delegation of the Bureau International des Expositions (BIE) Enquiry Mission - (Saudi Arabia Ministry of Communications and Information Technology)
Saudi Minister of Communications and Information Technology during his meeting with the delegation of the Bureau International des Expositions (BIE) Enquiry Mission - (Saudi Arabia Ministry of Communications and Information Technology)
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Al-Swaha: 'Expo 2030' Reflects Saudi Arabia's Readiness to Play Pioneering Global Role

Saudi Minister of Communications and Information Technology during his meeting with the delegation of the Bureau International des Expositions (BIE) Enquiry Mission - (Saudi Arabia Ministry of Communications and Information Technology)
Saudi Minister of Communications and Information Technology during his meeting with the delegation of the Bureau International des Expositions (BIE) Enquiry Mission - (Saudi Arabia Ministry of Communications and Information Technology)

Saudi Minister of Communications and Information Technology Eng. Abdullah Al-Swaha stressed that Saudi Arabia was looking forward to host the Expo 2030, affirming that it will reflect the Kingdom's readiness to play a global pioneering role.

His remarks came during his meeting with the delegation of the Bureau International des Expositions (BIE) Enquiry Mission, as part of their meetings to evaluate the Riyadh candidacy for Expo 2030.

Al-Swaha said the theme of Riyadh Expo 2030 "Together for a Foresighted Tomorrow” reflects Saudi Arabia’s depth of aspiration and willingness to play an active role on the global stage and to solve the most pressing challenges of this era.

"Our vision is to make Riyadh Expo 2030 a collaborative platform, to design and share the tools to create the blueprints for a better tomorrow. We also aspire for the Expo 2030 to enable foresight-led action by countries with impact at a global scale, and to offer the greatest impact and biggest possibilities to co-create the future,” state news agency SPA quoted Al-Swaha as saying.

The theme focuses on three areas of national and global interest:“A Different Tomorrow”, “Climate Action”, and “Prosperity for All”.

The BIE delegation also met with senior officials from the Public Investment Fund and NEOM, as well as Princess Haifa Al-Mogrin, Saudi Arabia’s Permanent representative to the UNESCO, Dr. Hala Al-Tuwaijri, President of the Saudi Human Rights Commission, and Dr. Eman Al-Mutairi,Vice Minister of Commerce.



Saudi Oil Giant Aramco Posts Third-Quarter Profits of $27.5 Billion

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)
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Saudi Oil Giant Aramco Posts Third-Quarter Profits of $27.5 Billion

The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)
The Saudi Aramco logo is pictured at Hyvolution exhibition in Paris, France, February 1, 2024. (Reuters)

Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15% from last year as low oil prices ate into its revenues.

Aramco had revenues of $111.1 billion over the quarter, the company said in a filing on Riyadh's Tadawul stock exchange. It had $113 billion in revenues the same quarter last year.

Profits for the third quarter last year were $32.5 billion.

The profit decrease “was mainly due to the impact of lower crude oil prices and weakening refining margins,” Aramco said.

Profit for the first nine months of 2024 was $83.9 billion, down from $94.5 billion the year before.

Oil prices have been depressed over recent days as tensions in the Middle East appear to have receded slightly and as China's economy has slowed. Benchmark Brent crude traded Tuesday at around $75 a barrel.

Aramco will pay dividends of $20.28 billion for the third quarter and a performance-linked dividend of $10.77 billion, the company said. It has said it hopes its overall dividend for the year will be over $124 billion.