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.



S&P Affirms IsDB’s 'AAA' Rating

S&P Affirms IsDB’s 'AAA' Rating
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S&P Affirms IsDB’s 'AAA' Rating

S&P Affirms IsDB’s 'AAA' Rating

Standard & Poor’s (S&P) has affirmed the Islamic Development Bank’s (IsDB) long-term issuer credit rating at “AAA,” with a stable outlook, and its short-term issuer credit rating at “A-1.”

The ratings reflect S&P’s assessment of IsDB’s strong financial position, supported by high levels of capital and liquidity, as well as continued support from its shareholders.

S&P highlighted IsDB’s vital policy role in advancing economic development and social progress in its member countries.

It noted the targeted growth in financing under IsDB’s strategy for the next decade, which focuses on promoting inclusive growth, climate action, and strengthening partnerships among member countries.

Despite geopolitical tensions, IsDB has demonstrated a strong capacity to fulfill its mandate, reflecting the shareholders’ ability and commitment to providing the necessary support.

S&P expected any potential risks to be contained through the diversification of IsDB’s portfolio, prudent capitalization policies, and the strength of its financial position.


Chinese Ship Sets off for Europe Through Arctic, Halving Travel Time

This handout photo taken and released on August 15, 2026 by the Ningbo Zhoushan Port Group shows the Dubai Tower container ship, operated by Chinese shipowner Sea Legend, setting sail from the port of Ningbo headed to the port of Felixstow, England. (Handout / Ningbo Zhoushan Port Group / AFP)
This handout photo taken and released on August 15, 2026 by the Ningbo Zhoushan Port Group shows the Dubai Tower container ship, operated by Chinese shipowner Sea Legend, setting sail from the port of Ningbo headed to the port of Felixstow, England. (Handout / Ningbo Zhoushan Port Group / AFP)
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Chinese Ship Sets off for Europe Through Arctic, Halving Travel Time

This handout photo taken and released on August 15, 2026 by the Ningbo Zhoushan Port Group shows the Dubai Tower container ship, operated by Chinese shipowner Sea Legend, setting sail from the port of Ningbo headed to the port of Felixstow, England. (Handout / Ningbo Zhoushan Port Group / AFP)
This handout photo taken and released on August 15, 2026 by the Ningbo Zhoushan Port Group shows the Dubai Tower container ship, operated by Chinese shipowner Sea Legend, setting sail from the port of Ningbo headed to the port of Felixstow, England. (Handout / Ningbo Zhoushan Port Group / AFP)

A Chinese container vessel has set sail for Europe through the Arctic, part of new weekly service on a route that cuts shipment times in half but which environmental groups warn could speed up the melting of polar ice.

The "Dubai Tower" left the eastern port city of Ningbo on Saturday evening heading north, where it will pass through the Bering Strait, then turn west through the frigid waters along Russia's northern coast.

It is expected to reach Felixstowe in the United Kingdom on September 7, followed by stops in Hamburg, Germany and Gdynia, Poland later that week, according to a timetable published by Sea Legend.

The Northern Sea Route (NSR) from China to Europe is significantly faster than that through the Suez Canal and allows vessels to avoid the Red Sea, where shipping has been targeted by Iran-backed Houthis in Yemen.

But the route is only accessible during the time of the year when the ice is melted enough to allow transits without icebreakers.

Global shipping is heavily disrupted by war in the Middle East, sparked by US-Israeli strikes on Iran in late February.

Other shipping companies have transited the Arctic passage before, with Denmark's Maersk the first to do so in 2018.

Last year, 23 container ships transited through, up from 15 in 2024, according to shipping analysis from business insurer Allianz Commercial.

Environmental groups warn that increasing numbers of ships transiting the shorter NSR could accelerate loss of Arctic sea ice -- already made vulnerable by rising global temperatures.

Major shipping companies including France's CMA CGM, Switzerland-headquartered MSC and Germany-based Hapag-Lloyd have pledged to "avoid Arctic trans-shipment routes".

But analysts say the Arctic could serve as an important future trade route, particularly for China, which has outlined plans for greater access to the region through a "Polar Silk Road".


Algeria Begins Exporting First Jet Fuel Shipments to Niger

Sonatrach stated that delivering the jet fuel shipment to Niger reflects its efforts to enhance direct cooperation with African oil and gas companies (X)
Sonatrach stated that delivering the jet fuel shipment to Niger reflects its efforts to enhance direct cooperation with African oil and gas companies (X)
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Algeria Begins Exporting First Jet Fuel Shipments to Niger

Sonatrach stated that delivering the jet fuel shipment to Niger reflects its efforts to enhance direct cooperation with African oil and gas companies (X)
Sonatrach stated that delivering the jet fuel shipment to Niger reflects its efforts to enhance direct cooperation with African oil and gas companies (X)

Algeria’s Sonatrach has started delivering its first shipments of Jet A1 aviation fuel to Niger from Adrar refinery (RA1D), Sonatrach group announced on Saturday.

The move is part of implementing the sale and purchase agreement signed with Niger's national oil company "SONIDEP," it said in a statement.

Sonatrach stated that delivering the jet fuel shipment to Niger reflects its efforts to enhance direct cooperation with African oil and gas companies.

Sonatrach has launched drilling of an exploration well in Niger.

The start of operations was formalized on Thursday during a ceremony presided over by Algerian Prime Minister Sifi Ghrieb and his Nigerien counterpart, Ali Mahaman Lamine Zeine.

In June, Algeria delivered a 40-megawatt power plant to Niger to supply Niamey and its surrounding area.