KAUST President to Asharq Al-Awsat: We Are Extracting Lithium from Sea Water to Make Batteries

Saudi KAUST University uses saline water to grow crops through the Red Sea Farms project. (Asharq Al-Awsat)
Saudi KAUST University uses saline water to grow crops through the Red Sea Farms project. (Asharq Al-Awsat)
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KAUST President to Asharq Al-Awsat: We Are Extracting Lithium from Sea Water to Make Batteries

Saudi KAUST University uses saline water to grow crops through the Red Sea Farms project. (Asharq Al-Awsat)
Saudi KAUST University uses saline water to grow crops through the Red Sea Farms project. (Asharq Al-Awsat)

Professor Tony Chan, President of King Abdullah University of Science and Technology (KAUST), revealed tangible success in transforming research and studies conducted at the university into real-world inventions.

This led to the inclusion of KAUST on the list of research universities that were able to export technology outside its geographical borders, he underlined.

In an interview with Asharq Al-Awsat, Chan pointed to the most prominent innovative technologies produced at the university, including the use of saline water to grow high-quality agricultural crops and the extraction of lithium – a key element in the making of batteries - from the Red Sea water, a discovery that prompted major countries, such as China and the United States, to express a desire to know more about the invention.

Asked about KAUST’s contribution to the Saudi economy, Chan replied: “KAUST has two missions: The first is related to basic research and university education, while the other is related to economics, development and innovation.”

“Part of our job is to contribute to the economy. We do this in a variety of ways, the most important of which is that we educate and train students, who will later contribute to the economy.”

He continued: “For example, many KAUST graduates work in the Kingdom for companies such as Aramco. More importantly, almost 30 percent of the international students graduating from our university stay in the Kingdom, working for companies there or setting up their own, which is really amazing.”

Chan emphasized that part of the university’s efforts is also to try to foster innovation and develop an economic system. He stressed in this regard the presence of a private fund to support students’ startups.

“The other part is related to environmentally friendly projects… KAUST has succeeded in placing Saudi Arabia on the global map of the environmental field through its academic research,” he added.

On KAUST’s contribution to giant Saudi projects, Chan said: “We have many research projects, as we cooperate with NEOM to build the largest coral garden in the world on the island of Shusha, which is part of NEOM.”

He added that KAUST had technology and scientific knowledge that qualifies it to implement this project, including a field called “marine architecture” that is specialized in the cultivation of coral reefs.

“NEOM represents new energy versus conventional energy,” Chan explained. “Here, I refer to the second initiative that emerged from the G20 Summit 2020 hosted by Saudi Arabia, which is related to the preservation and restoration of coral reefs in the deep seas and oceans at the global level. KAUST hosts the headquarters of this initiative.”

Chan also talked about the Red Sea Farms, a company that was established within KAUST as a startup, and now has turned into a large company that develops technologies to irrigate plants from sea water and to mitigate the impact of greenhouse gas emissions.

“The founder of the company is Prof. Mark Tester. All of his work took place in a small experimental station inside KAUST; but today, the company is operating at the commercial and investment levels,” he remarked.

Chan revealed that tomatoes, which are produced through this innovative technology, are exported to the United States.

“We are very proud of this achievement… It’s an evolution that took place within KAUST,” he told Asharq Al-Awsat.

Asked about Saudi Arabia’s renewable energy wealth, the president of KAUST emphasized the importance of solar energy, saying that relying on oil was needed during the transitional period.

“[The Kingdom] will still need to rely on oil during the transition period from traditional energy sources to new ones. I don’t know if that will happen within 20 to 50 years, but I think that Saudi Arabia, on its part, realizes this. There are countries around the world, such as European nations, which have imposed bans on internal combustion engines,” he said.

He continued: “Within NEOM, there are attempts to fully rely on sustainable energy.”

“Nevertheless, oil constitutes a large part of the Saudi economy. Saudi Arabia has the sun and solar energy, and in order to exploit it, it needs devices that are characterized by a large degree of efficiency to collect this energy, as well as a high level of quality. It also needs to protect the solar panels from dust.”

Chan explained that when dust builds up on the solar panels, their efficiency declines.

“Today, we already have startups in the field of cleaning, using the NOMADD technology that has been available for a few years (automatic water-free dust removal device),” he said.

Regarding wind energy, he noted that NEOM enjoyed a lot of wind energy coming from the Red Sea and the currents that come from Africa.

“The sun and wind complement each other,” he added. “The wind comes when the sun is not shining, that is, at night, as a result of a change in temperature. But wind is an unstable source.”

Chan noted that the use of batteries is a solution to the problem.

“At KAUST, we invented a new method for extracting lithium from the sea a few months ago. There is a lot of interest in this innovation from entities such as Maaden, the mining company, as well as other government entities, including China and the United States,” he told Asharq Al-Awsat.

On Artificial Intelligence, Chan revealed that KAUST works in partnership with SDAIA (the Saudi Authority for Data and Artificial Intelligence) and also cooperates with Aramco, pointing to the establishment of the KAUST Artificial Intelligence Center for this purpose.

“When looking at the classification of Saudi Arabia in this field at the global level, we find that it occupies the 20th position. Eighty percent of all research papers in the field of artificial intelligence in Saudi Arabia come from KAUST. We are fortunate that we have the right people who provide the right research. This is certainly positive for society and the economy,” he stressed.



Iraq Oil Output Exceeds 5 million bpd

Majnoon oil field near the Iraqi city of Basra (Reuters)
Majnoon oil field near the Iraqi city of Basra (Reuters)
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Iraq Oil Output Exceeds 5 million bpd

Majnoon oil field near the Iraqi city of Basra (Reuters)
Majnoon oil field near the Iraqi city of Basra (Reuters)

Iraq produces more than 5 million barrels of oil per day (bpd), Oil Minister Basim Mohammed told state news agency INA on Saturday.

According to Reuters, Iraq is pushing for a higher OPEC production quota as the economic fallout from the Iran war and new investment by oil majors increase pressure on Baghdad to boost output, potentially putting it at odds with the producer group.

The conflict has hit Iraq particularly hard, forcing major export cuts and depriving the state of oil revenue, which accounted for 88% of government income last year.


IMF: Any Slowdown in AI-driven Growth Would be Factor for Central Banks

IMF Managing Director Kristalina Georgieva speaks during the Annual Meetings Plenary at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP)
IMF Managing Director Kristalina Georgieva speaks during the Annual Meetings Plenary at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP)
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IMF: Any Slowdown in AI-driven Growth Would be Factor for Central Banks

IMF Managing Director Kristalina Georgieva speaks during the Annual Meetings Plenary at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP)
IMF Managing Director Kristalina Georgieva speaks during the Annual Meetings Plenary at the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) at the Queen Sirikit National Convention Center (QSNCC) in Bangkok on October 16, 2026. (Photo by Lillian SUWANRUMPHA / AFP)

Central bankers around the world would need to consider any slowdown in AI-driven growth as they assess steps in their fight against inflation, International Monetary Fund Managing Director Kristalina Georgieva said on Friday.

Georgieva said concerns about dependence on the AI investment boom and high valuations were impacting markets around the world.

"Things are going up and down, and this is likely to continue," she told an audience at IMF headquarters in Washington, adding that the volatility would complicate the job of central banks at a time when risks to price stability had been growing.

A steep rout in technology stocks on Thursday rippled through markets on fears that ⁠the Democrats' victory ⁠in the US midterm elections would increase regulatory scrutiny of AI and slow the data center build-out, sending investors to the safety of bonds.

The political jitters are hitting an AI trade already on shaky footing due to worry about return on massive spending on AI-related infrastructure, with the meltdown spurring margin calls and spooking retail investors and hedge ⁠funds alike.

Georgieva said the AI investment boom was lifting growth in some countries, helping to offset a negative oil-supply shock triggered by the war in the Middle East, but it was also adding to inflationary pressures and financial stability concerns.

The IMF last month flagged significant growth and financial stability risks from a potential ending of the AI investment boom, among other factors, including a prolonged Middle East war. At the time, it warned that a steep drop in AI investment could lead to a sharp fall in asset prices, ultimately cutting global GDP ⁠by 1.1% ⁠by 2028, including a 1.8% drop in US output.

Georgieva did not repeat the downside forecast on Friday, but acknowledged the recent market volatility.

"Should there be a slowdown in the AI-driven growth impulse, it would need to be factored in as central banks assess the necessary steps in the fight against stubborn inflation," she said.

Democrats are planning to unleash a flood of new legislation targeting artificial intelligence systems and data-center development when they take control of the US Congress in January, Reuters reported on Friday, citing congressional aides and advocates.

That would mark a sharp shift from the Republican-led Congress, where lawmakers largely focused on promoting AI development and declined to pass legislation restricting the technology.


World Food Prices Dip in October, but Remain Higher Than a Year Ago

A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
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World Food Prices Dip in October, but Remain Higher Than a Year Ago

A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)

World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal, dairy and meat prices, but were still nearly 6% higher than a year earlier, the United Nations' Food and Agriculture Organization said on Friday.

The FAO Food Price Index, which tracks monthly changes in international prices for a basket of food commodities, ‌averaged 133.9 points ‌in October, down from a revised ‌135.6 ⁠in September.

The index ⁠was 5.9% higher than a year earlier, but remained 16.4% below its March 2022 peak.

FAO's cereal price index fell 4.5% from September and was 12.6% lower than a year ago, as wheat and maize quotations declined. Wheat prices eased on weak import demand ⁠and improved production prospects, especially in Argentina.

"Expectations of ‌easing constraints on Black ‌Sea export flows added to the downward pressure on prices, ‌although continued disruptions to Black Sea logistics limited the decline," ‌FAO said in a statement.

Maize prices also eased after reaching a three-year high in September, pressured by the US harvest, expectations of ample supplies in South America and renewed ‌prospects of easing tensions in the Black Sea region.

Vegetable oil prices edged up 0.3%, ⁠as ⁠higher soybean and sunflower oil prices more than offset a fall in rapeseed oil prices.

Sugar prices rose 6.6%, their fourth straight monthly increase, to the highest level since December 2024, after rainfall disrupted harvesting in Brazil. They were now 28.8% above a year ago.

The dairy index fell 1.1%, as lower butter and cheese prices linked to ample supplies and subdued demand outweighed gains in milk powder.

The meat index declined 1.2%, while still slightly above its year-earlier level, as ovine and bovine meat prices fell.