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Saudi Arabia Contributes to Space Sector

The Saudi Minister of Communications and Information Technology described the astronauts as “the heroes of the nation." Asharq Al-Awsat
The Saudi Minister of Communications and Information Technology described the astronauts as “the heroes of the nation." Asharq Al-Awsat
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Saudi Arabia Contributes to Space Sector

The Saudi Minister of Communications and Information Technology described the astronauts as “the heroes of the nation." Asharq Al-Awsat
The Saudi Minister of Communications and Information Technology described the astronauts as “the heroes of the nation." Asharq Al-Awsat

As Saudi Arabia announced on Thursday sending the first Saudi astronauts to the International Space Station (ISS) in May, the Saudi space sector has imposed its presence on the international map, making Riyadh a regional leader in this field.

Astronauts Rayana Bernawi and Ali Al-Qarni will join the Axiom Space crew (AX-2) in order to take advantage of the promising opportunities offered by the space industries and to contribute to scientific research that serves humanity in a number of priority areas, such as health, sustainability and space technology.

Eng. Abdullah bin Amer Alswaha, Minister of Communications and Information Technology, said: “With the support and empowerment of the Crown Prince, Chairman of the Supreme Council for Space… the first Saudi female astronaut, Rayana Bernawi, and astronaut Ali Al-Qarni, [will conduct] a historical scientific mission to the International Space Station to empower people through research and innovations.”

The minister described the astronauts as “the heroes of the nation.”

Saudi Arabia’s contribution to the space sector includes steady and rapid steps in all directions. The Kingdom has succeeded in graduating qualified Saudi cadres in the global space industry.

Dr. Hussein Al-Zahrani, expert in the aviation and space sector, told Asharq Al-Awsat that sending the first Saudi woman to space underlines the Kingdom’s support for the sector, on the one hand, and its endeavor to empower women and highlight their important contribution to society.

Al-Zahrani added that Saudi Arabia has been a pioneer in the field of space, since the establishment of the Saudi Space Commission in 2018.

Today, the Kingdom is increasing its capabilities, as has built terrestrial space stations and used them in many fields.

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Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
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Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)

Oil prices ticked up on Thursday after Israel and Lebanon’s Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon.

OPEC+ also delayed by a few days a meeting likely to extend production cuts.

Brent crude futures edged up by 30 cents, or 0.4%, to $73.13 a barrel by 1741 GMT. US West Texas Intermediate crude futures were up 23 cents, 0.3%, at $68.93. Trading was thin because of the US Thanksgiving holiday, Reuters reported.
Israel's military said the ceasefire was violated after what it called suspects, some in vehicles, arrived at several areas in the southern zone.
The deal, which took effect on Wednesday, was intended to allow people in both countries to start returning to homes in border areas shattered by 14 months of fighting.
The Middle East is one of the world's major oil-producing regions, and while the ongoing conflict has not so far not impacted supply it has been reflected in a risk premium for traders.
Elsewhere, OPEC+, comprising the Organization of the Petroleum Exporting Countries and allies including Russia, delayed its next policy meeting to Dec. 5 from Dec. 1 to avoid a conflict with another event.
Also supporting prices, OPEC+ sources have said there will again be discussion over another delay to an oil output increase scheduled for January.
"It's highly unlikely they are going to announce an increase production at this meeting," said Rory Johnston, analyst at Commodity Context.
The group pumps about half the world's oil but has maintained production cuts to support prices. It hopes to unwind those cuts, but weak global demand has forced it to delay the start of gradual increases.
A further delay has mostly been factored in to oil prices already, said Suvro Sarkar at DBS Bank. "The only question is whether it's a one-month pushback, or three, or even longer."
Depressing prices slightly, US gasoline stocks rose 3.3 million barrels in the week ending Nov. 22, the US Energy Information Administration said on Wednesday, countering expectations of a small draw in fuel stocks ahead of holiday travel.
Slowing fuel demand growth in top consumers China and the US has weighed on oil prices this year.