Saudi Tourism Minister Says Partnerships Are Key to Progress

Al-Khateeb Speaks at the opening of the UN Tourism General Assembly’s 26th Session (X)
Al-Khateeb Speaks at the opening of the UN Tourism General Assembly’s 26th Session (X)
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Saudi Tourism Minister Says Partnerships Are Key to Progress

Al-Khateeb Speaks at the opening of the UN Tourism General Assembly’s 26th Session (X)
Al-Khateeb Speaks at the opening of the UN Tourism General Assembly’s 26th Session (X)

Saudi Arabia underscored its central role as a leader in the global tourism sector by hosting the twenty sixth session of the UN Tourism General Assembly, the largest in the organization’s history, with more than 100 ministers from around the world attending.

During the gathering, Saudi Tourism Minister Ahmed Al-Khateeb stressed that the core of progress lies in “partnership” between institutions, the private sector and civil society.

The assembly opened in Riyadh on Friday, marking the first time the event has been held in the Gulf region. This year’s meeting convenes under the theme “AI powered tourism, redefining the future.”

The session, which runs until November 11, is expected to help chart the global tourism agenda for the next 50 years.

The UN Tourism General Assembly, now in its twenty sixth session, is the organization’s main meeting, setting the strategic direction for the global tourism sector, approving its work and budget, and addressing key industry issues.

By hosting the event, the Kingdom is leading an international dialogue that opens new horizons for a more sustainable and inclusive future for tourism.

This year’s agenda examines AI powered tourism, strategic decisions on sector policies and governance, and the election of the next secretary general of UN Tourism.

As Saudi Arabia leads this global conversation on the industry’s future, Al-Khateeb said in his opening remarks that “partnerships are the basis of progress, the public sector sets the vision, and investors and innovators in the private sector turn it into reality. Civil society organizations ensure that inclusion and social responsibility remain at the heart of tourism.”

He welcomed all partners and said closer cooperation and stronger synergies are needed to reinforce tourism as a driver of growth, sustainability and inclusiveness.

He added that tourism relies fundamentally on human interaction and direct communication to convey the culture and history of nations, noting that Saudi Arabia is keen to ensure that “our sons and daughters are at the forefront, welcoming visitors and guiding them, since human interaction is what creates the true tourism experience”

Al-Khateeb told Asharq Al Awsat that technology plays a decisive role in developing the sector, but he cautioned against excessive reliance on artificial intelligence at the expense of “the human connection that is at the core of the tourism experience.”

He said “tourism fundamentally depends on people who convey the culture and history of their country, human interaction is what creates the true tourism experience.”

He cited an AI powered virtual assistant launched by the ministry within the General Assembly application, explaining that it provides easier procedures and accurate information on accommodation and activities, without becoming “a full substitute for the human element.”

Princess Sarah bint Abdulaziz, general supervisor of the International Affairs Agency at the Ministry of Tourism, told the Saudi Press Agency that the unprecedented turnout reflects the Kingdom’s pivotal standing in the global tourism sector.

Discussions in the General Assembly focus on technology and innovation, and Saudi Arabia is steering the conversation with an ambitious initiative, the “Riyadh Declaration on the Future of Tourism,” which is expected to be discussed during the one hundred twenty fourth Executive Council meeting on Saturday.

The document, backed by the council and expected to be adopted, outlines a global framework to harness artificial intelligence in the sector.

Saudi Arabia has called for three main outcomes from the session, included in the draft declaration:

A global framework for measuring artificial intelligence, designed to develop a unified approach to assessing readiness and adoption across the tourism ecosystem.

Guidelines for AI applications, offering practical recommendations for policymakers and businesses on risk management.

A ministerial declaration, outlining shared principles for ethical, inclusive and responsible adoption of technology in the sector.

The draft declaration, circulated to member states, commits ministers to ten core principles, most notably immediate sustainability, responsible digital transformation, stronger resilience and digital security, and ensuring fair distribution of benefits among local communities.

Adoption of the “Riyadh Declaration” is expected to form the basis of UN Tourism’s work in the coming years as it integrates technology and sustainability into the global travel industry.



TotalEnergies to Honor All LNG Contracts Despite Qatar Outages

FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at a petrol station in Paris, France, March 25, 2026. REUTERS/Abdul Saboor/File Photo
FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at a petrol station in Paris, France, March 25, 2026. REUTERS/Abdul Saboor/File Photo
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TotalEnergies to Honor All LNG Contracts Despite Qatar Outages

FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at a petrol station in Paris, France, March 25, 2026. REUTERS/Abdul Saboor/File Photo
FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen at a petrol station in Paris, France, March 25, 2026. REUTERS/Abdul Saboor/File Photo

TotalEnergies' CEO Patrick Pouyanne said on Thursday that the company made a decision not to declare force majeure to any of its liquefied natural gas customers, and that it would respect all the LNG contracts in terms of price and ⁠volume.

Qatar, the world's biggest ⁠LNG producer, has declared force majeure on all of its LNG output after being attacked as part of the US-Israeli war with Iran.

"We said to our customers we will ⁠not invoke force majeure and not deliver the gas... We want to be security of supply for our customers," Pouyanne said.

"Yes, we'll miss energy coming from Qatar and Abu Dhabi, but our portfolio is large enough to redirect part of it," he added, according to Reuters.

Analysts estimate TotalEnergies takes 5.2 million metric tons per annum (mtpa) from ⁠its ⁠share of the QatarEnergy LNG trains.

Sources have said Shell, the world's biggest LNG trader, had declared force majeure on cargoes it buys from QatarEnergy and sells on. Analysts estimate Shell takes 6.8 mtpa of Qatari LNG.

Pouyanne also said that the current energy crisis makes renewables more attractive as they are not subject to the volatility from geopolitical instability.


India Secures 60 Days of Oil Supply amid Hormuz Disruption

Small boats sail loaded with goods in front of a container ship in the waters of the Strait of Hormuz off the coast of Oman, June 25, 2025 (AFP)
Small boats sail loaded with goods in front of a container ship in the waters of the Strait of Hormuz off the coast of Oman, June 25, 2025 (AFP)
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India Secures 60 Days of Oil Supply amid Hormuz Disruption

Small boats sail loaded with goods in front of a container ship in the waters of the Strait of Hormuz off the coast of Oman, June 25, 2025 (AFP)
Small boats sail loaded with goods in front of a container ship in the waters of the Strait of Hormuz off the coast of Oman, June 25, 2025 (AFP)

India has secured crude oil supplies for the next 60 days, ensuring stable fuel supplies in the country despite disruption in shipments from the Middle East, the oil ministry said in a statement on Thursday.

India, the world's third biggest oil consumer and importer, was buying over 40% of its oil imports from the Middle East. Those supplies are disrupted due to the US-Israeli war on Iran.

Higher availability of crude in global markets, mainly from the Western hemisphere, has helped offset the shortfall, the government said.

Taking advantage of a temporary US waiver, Indian refiners have also ramped up purchases of Russian crude, securing millions of barrels to fill the supply gap.

"Despite the situation at the Strait of Hormuz, India is today receiving more crude oil from its 41-plus suppliers across the world than what was previously arriving through the Strait," the ministry said.

As a net exporter of petroleum products, India’s domestic availability of petrol and diesel remains structurally secure, the government said.

The world's fourth-largest refiner has oil and fuel stocks sufficient to meet 60 days of demand, against a total storage capacity of 74 days, it added.

"Nearly two months of steady supply is available for every Indian citizen, regardless of what happens globally. The next two months of crude procurement have also been secured," it added.

India has asked refiners to maximize production of liquefied petroleum gas, used as cooking fuel, as the nation was buying 90% of its LPG imports from the Middle East.

Domestic daily LPG production has been increased by 40% to 50,000 metric tons against a requirement of 80,000 tons, it said.

In addition, Indian companies have secured 800,000 tons of LPG cargoes from the United States, Russia, Australia, and other countries, it said.

These shipments, arriving across India's 22 LPG import terminals, provide roughly one month of assured supply, with further procurement underway, the government said.


SAMA Licenses Two Companies to Provide Open Banking Services

SAMA Licenses Two Companies to Provide Open Banking Services
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SAMA Licenses Two Companies to Provide Open Banking Services

SAMA Licenses Two Companies to Provide Open Banking Services

The Saudi Central Bank (SAMA) announced the licensing of “Altknwlwjya aljadydh llhulul albrmjyh” and “lyn tknwlwjyz Company Saudi Arabia litqniyat nuzum almaelumat” to conduct payment services by providing account information—one of the services associated with open banking.

The licenses were granted following the successful completion of the regulatory sandbox phase under SAMA’s supervision.

The decision reflects SAMA’s ongoing efforts to support and enable the financial sector, enhance the efficiency and flexibility of financial transactions, and promote innovation in financial services. This aims to advancing financial inclusion and expanding access to financial services across all segments of society.

SAMA emphasizes the importance of dealing exclusively with authorized financial institutions. To view licensed and permitted financial institutions, visit SAMA's official website.