World Energy Congress Convenes in Rotterdam, Saudi Arabia to Host 27th Edition

The World Energy Council announcing Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026 (Saudi Ministry of Energy)
The World Energy Council announcing Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026 (Saudi Ministry of Energy)
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World Energy Congress Convenes in Rotterdam, Saudi Arabia to Host 27th Edition

The World Energy Council announcing Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026 (Saudi Ministry of Energy)
The World Energy Council announcing Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026 (Saudi Ministry of Energy)

More than 7,000 international energy stakeholders will gather in Rotterdam on Monday to attend the 26th edition of the World Energy Congress, the world’s most prestigious, inclusive and influential energy event.
The Congress is the most visionary and truly inclusive world energy leadership convening. It will bring together 18,000 attendees, including 7,000 delegates, 70 ministers, C-suite executives, NGOs, experts and academia, entrepreneurs and young energy leaders to reflect on the role of connected energy societies in driving forward global energy transitions.
Co-hosted by the World Energy Council and the Netherlands Ministry of Economic Affairs and Climate Policy and taking place from 22-25 April 2024, this edition celebrates 100 years since the Council's formation.
Angela Wilkinson, Secretary General of World Energy Council, said that the World Energy Congress is the most significant convention of visionary and practical leadership in energy, gathering the diverse needs and interests of energy ecosystems from all corners of the world.
She added that joined by new platinum sponsors, Aramco and Saudi Arabia’s Ministry of Energy, the congress is confident it will be an important moment in resetting strategic conversations on energy transitions and redesigning energy for the benefit of people and the planet.
Wilkinson also said that both Aramco and Saudi Arabia’s Ministry of Energy will bring important perspectives to the dynamic conversations and collaborative charge forward from one of the world’s most important energy regions currently engaged in its own transformational energy journey.
For his part, Aramco Chief Executive Amin Nasser said there is no doubt that the reduction of greenhouse gas emissions is a critical priority for the world.
“But along with reducing emissions, equally important are energy security, energy affordability and economic development. Aramco is very much committed to supporting all of these goals,” he added.
Last November, the World Energy Council announced Riyadh, Saudi Arabia as the official host of the 27th World Energy Congress to be held 26-29 October 2026.
The award follows a highly competitive bidding process open to all the Council’s 70+ national member committees representing more than 3,000 organizations across the entire energy ecosystem.
The World Energy Congress has helped drive energy transitions forward for more than a century by bringing together stakeholders representing energy interests from all corners of the world.
“Saudi Arabia is pleased to have been awarded the opportunity to host the 2026 World Energy Congress at this important moment in global energy,” said Prince Abdulaziz bin Salman Al Saud, Minister of Energy and Chairman of the Saudi Arabia member committee.
In Rotterdam, the program of the 26th World Energy Congress will revolve around five core topics central to progressing a clean and inclusive energy transition: navigating new energy maps, refueling the future, humanizing energy by engaging people and communities in making global energy transitions happen, pathfinding with the world energy trilemma by connecting energy security, affordability and sustainability and closing the gaps by enabling faster, fairer and more far-reaching energy transitions.
Also, leading the program will be a truly diverse group of experts from across industry, government and civil society, with over 260 confirmed speakers, 200+ being C-suite.
Wilkinson also stated that it is neither easy nor enough to translate net zero roadmaps into reality against a backdrop of new energy insecurity concerns and the increasing damages that climate change is inflicting on the earth’s natural life support system.
She added that it is important to develop a shared and deeper understanding of the role of increasingly diverse energy systems in enabling a safe operating space for humanity. It is urgent to involve more people and communities and identify leading practices in inclusive implementation.
According to the World Energy Council’s Secretary General, “The best way forward is to support diverse regions in leading with and learning from each other and appreciate the diversity of place-based, clean and just energy transitions.”

 



Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
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Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)

Syria and Saudi Arabia signed deals Saturday that include a joint airline and a $1-billion project to develop telecommunications, officials said, as Syria seeks to rebuild after years of war.

The new authorities in Damascus have worked to attract investment and have signed major agreements with several companies and governments.

Syrian Investment Authority chief Talal al-Hilali announced a series of deals including "a low-cost Syrian-Saudi airline aimed at strengthening regional and international air links".

The agreement also includes the development of a new international airport in the northern city of Aleppo, and redeveloping the existing facility.

Hilali also announced an agreement for a project called SilkLink to develop Syria's "telecommunications infrastructure and digital connectivity".

Syrian Telecommunications Minister Abdulsalam Haykal told the signing ceremony that the project would be implemented "with an investment of around $1 billion".

For decades, Syria was unable to secure significant investments because of Assad-era sanctions.

But the United States fully removed its remaining sanctions on Damascus late last year, paving the way for the full return of investments.

Syria and Saudi Arabia also inked an agreement on water desalination and development cooperation on Saturday.

At the ceremony, Saudi Investment Minister Khalid Al-Falih announced the launch of an investment fund for "major projects in Syria with the participation of the (Saudi) private sector".

The deals are part of "building a strategic partnership" between the two countries, he said.

Syria's Hilali said the agreements targeted "vital sectors that impact people's lives and form essential pillars for rebuilding the Syrian economy".

Syria has begun the mammoth task of trying to rebuild its shattered infrastructure and economy.

In July last year, Riyadh signed investment and partnership deals with Damascus valued at $6.4 billion to help rebuild the country's infrastructure, telecommunications and other major sectors.

A month later, Syria signed agreements worth more than $14 billion, including investments in Damascus airport and other transport and real estate projects.

This week, Syria signed a preliminary deal with US energy giant Chevron and Qatari firm Power International to explore for oil and gas offshore.


India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
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India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)

Indian Prime Minister Narendra Modi on Saturday hailed an interim trade agreement with the United States, saying it would bolster global growth and deepen economic ties between the two countries.

The pact cuts US "reciprocal" duties on Indian products to 18 percent from 25 percent, and commits India to large purchases of US energy and industrial goods.

US President Donald Trump, while announcing the deal Tuesday, had said Modi promised to stop buying Russian oil over the war in Ukraine.

The deal eases months of tensions over India's oil purchases -- which Washington says fund a conflict it is trying to end -- and restores the close ties between Trump and the man he describes as "one of my greatest friends."

"Great news for India and USA!" Modi said on X on Saturday, praising US President Donald Trump's "personal commitment" to strengthening bilateral ties.

The agreement, he said, reflected "the growing depth, trust and dynamism" of their partnership.

Modi's remarks came hours after Trump issued an executive order scrapping an additional 25 percent levy imposed over New Delhi's purchases of Russian oil, in a step to implement the trade deal announced this week.

Modi, who has faced criticism at home about opening access of Indian agricultural markets to the United States and terms on oil imports, did not mention Russian oil in his statement.

"This framework will also strengthen resilient and trusted supply chains and contribute to global growth," he said.

It would also create fresh opportunities for Indian farmers, entrepreneurs and fishermen under the "Make in India" initiative.

In a separate statement, Commerce Minister Piyush Goyal said the pact would "open a $30 trillion market for Indian exporters".

Goyal also said the deal protects India's sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry and milk.

Other terms of the agreement include the removal of tariffs on certain aircraft and parts, according to a separate joint statement released Friday by the White House.

The statement added that India intends to purchase $500 billion of US energy products, aircraft and parts, precious metals, tech products and coking coal over the next five years.

The shift marks a significant reduction in US tariffs on Indian products, down from a rate of 50 percent late last year.

Washington and New Delhi are expected to sign a formal trade deal in March.


Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
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Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth

Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over US-Iran talks in Oman, while silver recovered from a 1-1/2-month low.

Spot gold rose 3.1% to $4,916.98 per ounce by 09:31 a.m. ET (1431 GMT), recouping losses posted during a volatile Asia session that followed a fall of 3.9% on Thursday. Bullion was headed for a weekly gain of about 1.3%.

US gold futures for April delivery gained 1% to $4,939.70 per ounce.

The US dollar index fell 0.3%, making greenback-priced bullion cheaper for the overseas buyers.

"The gold market is seeing perceived bargain hunting from bullish traders," said Jim Wyckoff, senior analyst at Kitco Metals.

Iran and the US started high-stakes negotiations via Omani mediation on Friday to try to overcome sharp differences over Tehran's nuclear program.

Wyckoff said gold's rebound lacks momentum and the metal is unlikely to break records without a major geopolitical trigger.

Gold, a traditional safe haven, does well in times of geopolitical and economic uncertainty.

Spot silver rose 5.3% to $74.98 an ounce after dipping below $65 earlier, but was still headed for its biggest weekly drop since 2011, down over 10.6%, following steep losses last week as well.

"What we're seeing in silver is huge speculation on the long side," said Wyckoff, adding that after years in a boom cycle, gold and silver now appear to be entering a typical commodity bust phase.

CME Group raised margin requirements for gold and silver futures for a third time in two weeks on Thursday to curb risks from heightened market volatility.

Spot platinum added 3.2% to $2,052 per ounce, while palladium gained 4.9% to $1,695.18. Both were down for the week.