13th Saudi Smart Grid Conference Opens in Riyadh

The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)
The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)
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13th Saudi Smart Grid Conference Opens in Riyadh

The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)
The three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions. (SPA)

The 13th Saudi Smart Grid Conference (SASG 2025), and its accompanying exhibition, opened in Riyadh on Monday under the patronage of the Saudi Ministry of Energy.

Held the theme “Innovation Today for a Sustainable Tomorrow,” the three-day conference brings together experts and specialists from 25 countries and features 28 panel discussions and technical sessions presenting 225 scientific papers on global advancements in smart grid systems.

In an opening address, Assistant Minister of Energy for Electricity Affairs, Eng. Nasser Al-Qahtani highlighted the continued support extended to the energy sector by the Kingdom’s leadership.

He commended the Minister of Energy’s support for convening and sponsoring the conference, noting its importance in advancing dialogue on smart grid technologies.

“Smart grid technologies are a cornerstone of the global energy transition,” Al-Qahtani said. “They enable improvements across electricity generation, transmission, and distribution, while strengthening grid security and reliability.”

In line with Saudi Vision 2030, the Ministry of Energy is advancing long-term planning to optimize the use of the Kingdom’s diverse energy resources, with the aim of strengthening grid security and resilience and improving generation efficiency, he added.

These efforts reinforce Saudi Arabia’s leadership in this vital sector, position the Kingdom as a global hub for electricity interconnection and renewable power exports, and support the development of a regional electricity trading market, an optimal energy mix, and national emissions-reduction targets, he remarked.

Al-Qahtani stressed that the Kingdom’s electricity sector has undergone significant transformation in recent years, including major upgrades to grid infrastructure to enhance readiness for renewable energy integration and energy-storage systems.

“Smart grids are a fundamental component of electricity sector development,” he said. “They enhance incident response, accelerate system recovery, and improve service reliability by analyzing smart-meter data through the use of artificial intelligence to support proactive, data-driven decision-making.”

He noted that distribution network automation in the Kingdom reached approximately 40% by the end of 2025, an optimal level in line with international best practices in terms of return on investment.

He also highlighted the development of renewable power projects with a combined capacity of nearly 64 gigawatts, of which 12.3 gigawatts have already been connected to the national grid.

Additionally, battery energy-storage systems with a total capacity of 30 gigawatt-hours are under development, with 8 gigawatt-hours already grid-connected. These projects, he said, play a critical role in enabling the grid to balance real-time fluctuations between supply and demand resulting from the variable nature of renewable energy sources.

The opening ceremony included the recognition of the Energy Hackathon winners, the exchange of agreements, and the inauguration of the accompanying exhibition.

The conference provides a global platform for sharing expertise and forging partnerships in smart grids and the digital economy, and convenes international experts, decision-makers, researchers, and specialists.

Discussions will address key challenges and opportunities across the power sector, renewable energy, regulation and the future of smart grids, with emphasis on technology localization, capacity building and technical partnerships to strengthen smart infrastructure and support a sustainable, investment-friendly and innovation-enabling energy ecosystem.

The conference will also explore the integration of renewable energy sources, the latest developments in electricity storage solutions and smart load-management systems, as well as the role of cybersecurity in protecting energy infrastructure and strengthening system reliability.



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.


Europe, Türkiye Agree to Work Toward Updating Customs Union

European Union (R) and Turkish flags fly at the business and financial district of Levent in Istanbul, Türkiye September 4, 2017. REUTERS/Osman Orsal
European Union (R) and Turkish flags fly at the business and financial district of Levent in Istanbul, Türkiye September 4, 2017. REUTERS/Osman Orsal
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Europe, Türkiye Agree to Work Toward Updating Customs Union

European Union (R) and Turkish flags fly at the business and financial district of Levent in Istanbul, Türkiye September 4, 2017. REUTERS/Osman Orsal
European Union (R) and Turkish flags fly at the business and financial district of Levent in Istanbul, Türkiye September 4, 2017. REUTERS/Osman Orsal

The European enlargement chief and the Turkish foreign minister said on Friday they had agreed to continue work toward modernizing the EU-Türkiye customs union and to improve its implementation, Reuters reported.

European Commissioner for Enlargement Marta Kos met Turkish Foreign Minister Hakan Fidan in the capital Ankara on Friday.

"They shared a willingness to work for paving the way for the modernization of the Customs Union and to achieve its full potential in order to support competitiveness, and economic security and resilience for both sides," they said in a joint statement afterward.

The sides also welcomed the gradual resumption of European Investment Bank (EIB) operations in Türkiye and said they intended to support projects across the country and neighbouring regions in cooperation with the bank.