RIYADH: Saudi Arabia is expected to announce a slight rise in its crude oil and gas reserves after being independently audited on Wednesday, according to a source familiar with the matter.
Saudi Arabia’s reserves of easily recoverable oil have long been the world’s largest.
For nearly 30 years — despite rising production, large swings in oil prices and improved technology — Riyadh has annually reported the same number for reserves at around 261 billion barrels, according to a statistical review by BP.
Saudi Energy Minister Khalid Al-Falih is due to hold a news conference in Riyadh on Wednesday to make the announcement at around 11.30 local time (0830 GMT).
He is also expected to provide further updates on the country’s energy strategy.
Saudi Arabia to announce slight rise in oil, gas reserves after audit
Saudi Arabia to announce slight rise in oil, gas reserves after audit
- Saudi Arabia’s reserves of easily recoverable oil have long been the world’s largest
- Saudi Energy Minister Khalid Al-Falih is due to hold a news conference in Riyadh on Wednesday to make the announcement at around 11.30 local time
Jordan’s King Abdullah returns home after meetings with King Charles, Keir Starmer during UK visit
- King Abdullah met Starmer at Downing Street on Wednesday to discuss Middle East crises
- Meeting with Charles III marked the Jordanian monarch’s silver jubilee — 25 years since ascending to the throne
LONDON: King Abdullah II of Jordan returned home on Friday following a working visit to the UK.
The visit this week featured key engagements with King Charles III and UK Prime Minister Keir Starmer.
Earlier in the visit, King Abdullah met Starmer at Downing Street on Wednesday, where discussions reinforced the close ties between the two kingdoms, Jordan News Agency reported.
They also called for an immediate ceasefire and stronger efforts for de-escalation and humanitarian aid in Gaza.
They warned that Israel's ban on UNRWA activities could worsen the humanitarian crisis and highlighted the need to address violence in the West Bank.
The King emphasized the UK's crucial role in seeking resolutions to regional conflicts and achieving a just, comprehensive peace based on a two-state solution, JNA added.
King Abdullah met Charles at Windsor Castle on Thursday. The occasion marked the Jordanian monarch’s silver jubilee — 25 years since ascending to the throne — and King Charles commemorated the milestone by presenting King Abdullah with a specially engraved silver beaker, featuring the ciphers of the king and queen.
The formal welcome at Windsor began with the Jordanian monarch receiving a royal salute, accompanied by the Jordanian national anthem.
Major Edward Emlyn-Williams, the captain of the guard, invited King Abdullah, in Arabic, to inspect the guard, followed by a military march-past.
The two kings exchanged smiles and conversation as they interacted with the guards before proceeding into the castle for tea.
The long-standing relationship between the two monarchs was highlighted by King Charles’s five visits to Jordan as Prince of Wales, most recently in 2021. King Abdullah’s last visit to Charles took place at Buckingham Palace in November 2022.
King Abdullah’s visit came months after his son and heir, Crown Prince Hussein, and Crown Princess Rajwa welcomed their daughter, Princess Iman, in August.
Britain’s Prince and Princess of Wales attended the wedding of Hussein and Rajwa in June last year.
Governor Koike discusses areas of cooperation with Egyptian Prime Minister Madbouly
- Dr. Mostafa Madbouly congratulated Koike on her re-election as Governor of Tokyo
- The Prime Minister also lauded Japan’s contribution to implementing the Japanese Tokkatsu educational system
TOKYO: Governor of Tokyo, Koike Yuriko, who is visiting Cairo, met Egyptian Prime Minister Dr. Mostafa Madbouly on Friday at the government headquarters in the New Administrative Capital and discussed several cooperation initiatives, Tokyo Metropolitan Government (TMG) officials told Arab News Japan.
The officials said Dr. Amr Talaat, Egypt’s Minister of Communications, and Information Technology; Ambassador Ahmed Shahin, Assistant Minister of Foreign Affairs for Asian Affairs; Mr. Katsunobu Takada, Chargé d’Affaires at the Japanese Embassy in Cairo, and Governor Koike’s accompanying delegation attended the meeting.
At the beginning of the meeting, the Prime Minister warmly welcomed Governor Koike and her delegation. He underscored the strategic and historical relations between Egypt and Japan, a testament to the enduring bond that continues to flourish in various fields.
Dr. Mostafa Madbouly congratulated Koike on her re-election as Governor of Tokyo in July for the third consecutive term and expressed his hopes for continued close coordination on various areas of bilateral cooperation.
The Prime Minister also expressed his fervent hope that Japan’s Prime Minister, alongside Governor Koike, will grace the official opening ceremony of the Grand Egyptian Museum once the project is finalized. He also extended his gratitude for Japan’s substantial contributions to major development projects in Egypt, including the museum.
Dr. Madbouly highlighted the Grand Egyptian Museum project as one of the foremost examples of cooperation between Cairo and Tokyo, along with the Egyptian Japanese educational partnership, exemplified by the Egypt-Japan University of Science and Technology and Japanese Egyptian schools.
The Prime Minister also lauded Japan’s contribution to implementing the Japanese Tokkatsu educational system, affirming that Egypt is planning to expand this system. He attributed this decision to President Abdel Fattah El-Sisi’s directive, acknowledging the system’s remarkable success and high quality.
Dr. Madbouly also highlighted the ongoing cooperation between the Ministry of Communications and Information Technology and TMG through the “SUSHI Tech Tokyo” initiative, a platform for promoting technological innovation, and the “Tokyo Innovation Base” platform, a hub for fostering entrepreneurial activities and technological advancements.
In turn, Governor Koike praised the bilateral cooperation between Egypt and Japan, expressing her happiness to visit Egypt, where she has unforgettable memories, having studied at Cairo University.
Koike also commended the well-organized 12th World Urban Forum, a global platform for discussing urban issues and solutions, which attracted a wide global audience.
In the meeting, Tokyo Governor Koike invited the Prime Minister, the Minister of Communications, and other Egyptian entities to participate in the upcoming “SUSHI Tech Tokyo” forum, scheduled for the first half of 2025. She noted that Japan has worked over the years to establish itself as a hub for startups and a welcoming environment for entrepreneurs.
Dr. Amr Talaat discussed several collaborative programs with Koike in information and communication technology, artificial intelligence, cybersecurity, and entrepreneurship. They explored the potential for experience exchange in business incubators for small projects across various sectors, including financial services, health care, and education.
Talaat highlighted that one of the main areas of cooperation with Tokyo’s government is in the startup and entrepreneurship sectors.
Governor Koike is in Egypt on the first leg of a tour of the region that includes Abu Dhabi of the UAE.
Saudi Arabia highlights global humanitarian efforts at G20 Parliamentary Summit in Brazil
- Mishaal bin Fahm Al-Sulami, deputy speaker of Saudi Arabia’s Shoura Council, made the comments during the 10th Summit of G20 Parliamentary Speakers held in Brazil
RIYADH: Mishaal bin Fahm Al-Sulami, deputy speaker of Saudi Arabia’s Shoura Council, commended Brazil’s initiative to launch the Global Alliance to Combat Hunger and Poverty, affirming that Saudi Arabia has been a member of the alliance since May 2024, the Saudi Press Agency reported.
This came during the 10th Summit of G20 Parliamentary Speakers held in Brasilia, Brazil, focusing on the theme “Parliaments for a Fair World and a Sustainable Planet.”
Al-Sulami led the Kingdom’s delegation at the international gathering, revealing that Riyadh would host the UN Conference on Land and Drought in December.
The deputy speaker elaborated on Saudi Arabia’s comprehensive approach to addressing poverty and hunger through the efforts of the government and the Shoura Council, which have created a social safety net through various support programs, the Social Development Bank, and the contribution of charitable organizations.
On the international front, Saudi Arabia’s humanitarian contributions have been substantial, SPA reported. From 1975 to 2024, the Kingdom provided nearly $133 billion in development assistance, reaching 171 countries worldwide. This aid has supported over 7,090 humanitarian and development projects. Currently, the King Salman Humanitarian Aid and Relief Centre manages 1,700 projects aimed at combating hunger and poverty around the world.
Al-Sulami highlighted Saudi Arabia’s commitment to workplace equality through its adoption of ILO Conventions 100 and 111. The Kingdom’s laws ensure equal pay and employment opportunities, with no discrimination between men and women in jobs and wages. These efforts have yielded significant results, with female participation in the labor market reaching 37 percent by 2023, exceeding expectations set in the Kingdom’s Vision 2030.
The Kingdom has also provided $187 million in urgent relief to Gaza, along with $1.6 billion in development and humanitarian assistance, according to SPA.
Saudi Arabia launched the Global Alliance for the Two-State Solution in partnership with other Arab and Islamic countries, the EU, and Norway, hosting its first meeting in Riyadh on Oct. 30, 2024. Following the extraordinary Arab-Islamic Summit held in Riyadh on Nov. 11, 2023, the Kingdom announced another edition of the summit scheduled for Nov. 11, 2024. These efforts aim to achieve an immediate ceasefire, end the Israeli occupation, provide relief to the Palestinian people, and establish an independent Palestinian state with East Jerusalem as its capital, in line with UN Security Council resolutions.
The P20 summit addressed several crucial topics, including parliamentary contributions to fighting hunger, poverty, and inequality; the role of parliaments in sustainable development; and adapting parliamentary systems to 21st-century governance challenges. Iman Al-Jubreen, a member of the Shoura Council delegation, presented a working paper on women’s representation in decision-making positions, sharing Saudi Arabia’s experience in women’s empowerment.
Hundreds of events set to wow audiences at Jazan’s winter festival
- Al-Ghazwani said this year’s winter season would last for 90 days
- The calendar includes the international book fair, craft bus, Saudi international coffee festival and Jazan international festival
RIYADH: Audiences will be spoilt for choice at the Jazan Winter Festival, with 300 fantastic events on the program, reported the Saudi Press Agency.
General supervisor Yahya bin Jaber Al-Ghazwani told a press conference that the festival, under the patronage of Jazan Governor Prince Mohammed bin Nasser bin Abdulaziz, included 200 diverse events implemented by the region’s secretariat and 100 by other government agencies and departments.
Al-Ghazwani said this year’s winter season would last for 90 days with events taking place at 42 sites across Jazan city and the region’s governorates.
The calendar includes the international book fair, craft bus, Saudi international coffee festival and Jazan international festival for performing arts, along with concerts, cultural events, forums, poetry evenings, sports events, waterfront events, and park and heritage events.
On Thursday, the skies above Jazan’s North Corniche witnessed the launch of more than 3,000 balloons in various colors to celebrate the Jazan Winter Festival 2025.
Hundreds of residents, visitors and volunteers marveled at the spectacle, which included artistic formations of illuminated balloons.
The event marks the start of a busy winter season aimed at promoting local tourism in an atmosphere of joy and entertainment.
Germany brushes off Musk calling Scholz a ‘fool’
- Government spokeswoman Christiane Hoffmann took a playful dig at the US tycoon, saying that “on X, you have Narrenfreiheit,” which translates to the freedom to act like a fool
- A tight-lipped Scholz simply called it “not very friendly“
BERLIN: German officials on Friday brushed off tech billionaire Elon Musk labelling Olaf Scholz a “fool” on his social media platform X after the dramatic collapse of the chancellor’s coalition government.
In a comment Thursday above a post about the implosion of Scholz’s long-troubled coalition, the world’s richest man tweeted in German: “Olaf ist ein Narr” — “Olaf is a fool.”
Asked about Musk’s comment, government spokeswoman Christiane Hoffmann took a playful dig at the US tycoon, saying that “on X, you have Narrenfreiheit,” which translates to the freedom to act like a fool.
The word refers to revellers during Germany’s traditional carnival season, which starts next week, having the freedom to act without inhibitions.
Historically, the term echoes the notion of the “jester’s privilege” — the right of a court jester to mock those in power without being punished by the king.
Asked later about the comment, a tight-lipped Scholz simply called it “not very friendly,” adding that Internet companies are “not organs of state so I did not even pay it any attention.”
Musk strongly supported US election winner Donald Trump, and is now positioned to take up a role in his administration as a deputy tasked with restructuring government operations.
It is not the first time the Tesla boss has had run-ins with German officials online.
Last year he said Berlin-funded migrant rescue operations in the Mediterranean could be seen as an “invasion” of Italy, sparking a terse response from the German foreign ministry.
He has also expressed sympathy for some of the positions of Germany’s far-right AfD party, which has notched up a string of recent electoral successes and is riding high in the opinion polls.
