Green Spaces in Saudi Arabia Increase by 9%

The General Authority for Statistics revealed the increasing size of green areas in Saudi Arabia. (Asharq Al-Awsat)
The General Authority for Statistics revealed the increasing size of green areas in Saudi Arabia. (Asharq Al-Awsat)
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Green Spaces in Saudi Arabia Increase by 9%

The General Authority for Statistics revealed the increasing size of green areas in Saudi Arabia. (Asharq Al-Awsat)
The General Authority for Statistics revealed the increasing size of green areas in Saudi Arabia. (Asharq Al-Awsat)

In line with the Green Saudi Arabia and Green Middle East initiatives launched by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, official statistics revealed on Thursday that the areas of green spaces, parks and gardens in the municipal sector have expanded by 9% during 2021 compared to the same period in 2020.

The General Authority for Statistics (GASTAT) said that land reserves expanded to reach 324,000 square kilometers in 2021, constituting 16% of the total area of Saudi Arabia.

This came after the Saudi government allocated 7 royal reserves in 2018 and 5 reserves in AlUla in 2019, while the area of marine reserves amounted to more than 12 square kilometers in 2021, GASTAT noted.

According to the statistics, the recycled industrial waste in Jubail and Yanbu amounted to 340,000 ton in 2021, recording an increase by 23% compared to 2020.

The Authority also noted that the recycled industrial waste constituted 62% of the amount of collected waste in Jubail and Yanbu in 2021.

The volume of the reused treated water amounted to 419 million cubic meters in 2021, GASTAT said, recording an increase by 24% compared to 2020. The percentage of the reused treated water in 2021 reached 22% of the total treated water.

The waste water treatment stations in 2021 have reached 133 stations, recording an increase by 15% compared to the same period in 2022.

Riyadh has the highest number of waste water treatment stations with 26 stations, followed by Asir with 20 stations, and the Eastern region (Al-Sharqiyah) with 19 stations, the report said.



Oil Steadies as Market Awaits Fresh US Tariffs

FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
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Oil Steadies as Market Awaits Fresh US Tariffs

FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: A view shows an oil pump jack outside Almetyevsk in the Republic of Tatarstan, Russia, June 4, 2023. REUTERS/Alexander Manzyuk/File Photo

Oil prices were little changed on Wednesday as traders remained cautious ahead of US tariffs due to be announced at 2000 GMT, fearing they could exacerbate a global trade war and dampen demand for crude.

Brent futures were down 7 cents, or 0.09%, at $74.42 a barrel by 0858 GMT. US West Texas Intermediate crude futures fell 5 cents, or 0.07%, to $71.15.

The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no detail on the size and scope of the trade barriers, according to Reuters.

Trump's tariff policies could stoke inflation, slow economic growth and escalate trade disputes.

"Crude prices have paused last month's rally, with Brent finding some resistance above $75, with the focus for now turning from a sanctions-led reduction in supply to Trump's tariff announcement and its potential negative impact on growth and demand," said Ole Hansen, head of commodity strategy at Saxo Bank.

Traders will be watching for levies on crude imports, potentially driving up prices of refined products, he added.

For weeks Trump has touted April 2 as "Liberation Day", bringing new duties that could rattle the global trade system.

The White House announcement is scheduled for 4 p.m. ET (2000 GMT).

"The balance of risk lies to the downside, given that weaker than expected tariff measures are unlikely to drive a significant rally in Brent, while stronger than expected measures could trigger a substantial selloff," BMI analysts said in a note.

Trump has also threatened to impose secondary tariffs on Russian oil and on Monday he ramped up sanctions on Iran as part of his administration's "maximum pressure" campaign to cut its exports.

"Markets likely to be volatile ahead of the final announcements on tariffs and the scale of them. The threat of secondary tariffs on Russian crude continues to provide some support for prices, with more downside risk at present around tariff uncertainty," said Panmure Liberum analyst Ashley Kelty.

US oil and fuel inventories painted a mixed picture of supply and demand in the world's biggest producer and consumer.

US crude oil inventories rose by 6 million barrels in the week ended March 28, according to sources citing the American Petroleum Institute. Gasoline inventories, however, fell by 1.6 million barrels and distillate stocks were down by 11,000 barrels, the sources said.

Official US crude oil inventory data from the Energy Information Administration is due later on Wednesday.