Saudi Arabia Allocates Sand, Landfill Site for Mining Activities

 Deputy Minister of Industry and Mineral Resources visits a national ceramic manufacturing factory in Saudi Arabia on Thursday. (Asharq Al-Awsat)
Deputy Minister of Industry and Mineral Resources visits a national ceramic manufacturing factory in Saudi Arabia on Thursday. (Asharq Al-Awsat)
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Saudi Arabia Allocates Sand, Landfill Site for Mining Activities

 Deputy Minister of Industry and Mineral Resources visits a national ceramic manufacturing factory in Saudi Arabia on Thursday. (Asharq Al-Awsat)
Deputy Minister of Industry and Mineral Resources visits a national ceramic manufacturing factory in Saudi Arabia on Thursday. (Asharq Al-Awsat)

The Saudi Ministry of Industry and Mineral Resources said on Thursday it will allocate the sand and landfill site in the Khulais Governorate, west of the Kingdom, which extends over an area of 39.6 square kilometers, for a mining complex.

The ministry is working to develop the areas adjacent to the mining sites by providing residents with job opportunities, raising the proportion of purchases from the local markets, and developing plans for effective communication, in addition to adhering to the environmental requirements necessary to preserve the wellbeing of communities.

Jarrah Al-Jarrah, the official spokesperson at the Ministry of Industry and Mineral Resources, explained that the recent decision would contribute to preserving the mining sites and protecting them from transgressions.

Meanwhile, the Ministry of Industry and Mineral Resources, in cooperation with the Custodian of the Two Holy Mosques Scholarship Program, launched the Promising Path - a program that aims to train, empower and qualify national cadres to meet the requirements of the Saudi labor market and raise the efficiency of human capital in industry and mining.

The program focuses on providing training that supports private sector institutions in promising activities, and contributes to matching the requirements of the industrial and mining market with the qualifications and skills of national cadres.

It also seeks to provide on-the-job training through scholarships, starting with employment in technical and vocational specializations, in addition to providing training programs that are not available in the Kingdom, in coordination with industrial and mining establishments.

Earlier this week, the Ministry of Industry and Mineral Resources launched the second phase of the Future Factories Program, which targets 217 factories in the first category of the program. The factories achieved an advanced level of self-assessment according to the Smart Industry Readiness Index (SIRI) at 2.4.

The Ministry had held more than 13 detailed workshops to introduce the program to the factories targeted in the first tranche. These workshops were attended by representatives of over 140 factories.

The program divides factories into four tranches by capital, led by the first tranche with capital of more than SAR 500 million. The three stages will be announced gradually in the coming period.

The Future Factories Program, which was launched in July 2022, aims to move 4,000 factories away from relying on low-skilled and low-wage workers to automation and manufacturing efficiency, in order to raise the competitiveness of the national industry and contribute to providing quality jobs for national cadres.

The program offers many development mechanisms, which can be used in all licensed factories in the Kingdom, at different levels of technical development. It also aims to provide the appropriate means to raise the competitiveness of the industrial sector, and to find alternative solutions that contribute to improving the quality of local factory products, reducing operational costs, and raising the flexibility and responsiveness of supply chains.

On a different note, Eng. Khaled Al-Mudaifer, the Deputy Minister of Industry and Mineral Resources for Mining Affairs, visited on Thursday the Saudi Ceramics Factory.

The visit aimed at expressing the ministry’s support for local industries in the mining sector, monitoring the quality of the local product, and strengthening cooperation with the various partners to enhance the quality of the national product and its ability to compete, in addition to providing market needs and improving supply.



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). 
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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)
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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)
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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%.