Qatar Airways CEO suggests 2050 net-zero goal beyond reach

Qatar Airways Chief Executive Officer Akbar al-Baker poses in front of an Airbus A350-1000 at the Eurasia Airshow. (Reuters)
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Updated 23 May 2023
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Qatar Airways CEO suggests 2050 net-zero goal beyond reach

  • "There is not enough production of sustainable aviation fuel,” Chief Executive Akbar Al Baker said

DOHA: The head of Qatar Airways voiced skepticism on Tuesday over an aviation industry target of achieving net-zero emissions by 2050, citing inadequate supplies of Sustainable Aviation Fuel and alternative hydrogen designs in their infancy.
“I don’t think that we will be able to achieve net-zero emissions by 2050. Everybody’s talking about it, but let us be realistic — there is not enough production of sustainable aviation fuel,” Chief Executive Akbar Al Baker told the Qatar Economic Forum, organized by Bloomberg.
The warning by one of the industry’s most high-profile leaders come days before global airlines are due to discuss how to implement the climate pledge at an annual meeting of the International Air Transport Association in Istanbul in June.
Because aviation emissions are seen as hard to abate without radical technology, the main focus has been on “drop-in” fuels that can be placed in the existing generation of jet engines, like plant- or waste-based SAF and synthetic alternatives.
“Really the only significant contributor by way of change in technology is Sustainable Aviation Fuel. That’s the only thing that moves the needle between now and (2050),” Boeing Chief Executive Dave Calhoun told the same Doha event.
In a stand-off with the energy industry over supplies available for aviation, airlines are concerned that a gap would hamper efforts to reach the target. There is also little consensus on who should pay to ramp up production, while some environmental groups say the plans are too modest.
Airbus is promoting efforts to develop a small commercial airplane powered by hydrogen by 2035.
Boeing’s Calhoun said such technology would mature only in the second half of the century.
In 2021, nations at a United Nations body agreed to a long-term aspirational goal for net-zero aviation emissions by 2050, giving political weight to a target adopted by IATA and other industry groups including airports and planemakers in 2019.


Qatar delivers more than 60,000 tonnes of fuel to Lebanese army

Updated 11 min 11 sec ago
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Qatar delivers more than 60,000 tonnes of fuel to Lebanese army

  • Delivery is third and final shipment of fuel for 25
  • Qatar’s actions indicate its support for the Lebanese people

LONDON: Qatar dispatched more than 60,000 tonnes of fuel to Lebanon on Sunday as part of ongoing efforts to strengthen the country’s security capabilities.

The Qatar Fund for Development delivered the third and final fuel shipment for 2025, which comprised 62,000 tonnes of fuel, to the northern Lebanese port of Tripoli.

The fund stated that the shipment is intended to strengthen the Lebanese army’s operational capabilities and contribute to Lebanon's security and stability, the Qatar News Agency reported.

The delivery is a sign of Qatar’s support for the Lebanese people, as well as a contribution to prosperity and stability in the country, the QNA added.


Riyadh dialogue to drive global urban cooperation 

The Arab European Cities Dialogue launched in Riyadh on Sunday, gathering more than 100 mayors from Arab and European cities.SPA
Updated 25 min 35 sec ago
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Riyadh dialogue to drive global urban cooperation 

  • Mayors from Arab, European cities discuss sustainable urban solutions, technology, environmental impact

RIYADH: The Arab European Cities Dialogue launched in Riyadh on Sunday, gathering more than 100 mayors from Arab and European cities, along with international organizations and development institutions.

Organized by Riyadh municipality under the theme “City Partnerships for a Better Future,” the dialogue focuses on urban cooperation, livable cities, the environment, technology and digital transformation, and municipal financial sustainability.

At the opening, Riyadh Mayor Prince Faisal bin Abdulaziz bin Ayyaf, president of the Arab Urban Development Institute, highlighted the deep ties between Arab and European cities.

He emphasized how these centuries-old dialogues continue to influence the construction, administration, and sustainability of urban spaces.

Prince Faisal added that while cities face both shared and unique challenges, the forum focuses on common themes aimed at building more human-centered cities that enhance quality of life.

Running until May 13, the forum is organized with the Arab Urban Development Institute, PLATFORMA — part of the Association of European Municipalities and Regions — and the International Cooperation Agency of the Association of Netherlands Municipalities.

Riyadh’s selection as the inaugural host highlights its growing regional and global urban influence and its key role in advancing municipal initiatives and international partnerships.

Fabrizio Rossi, secretary-general of the Council of European Municipalities and Regions, outlined his action plan: “First, we are building a coalition of cities and universities to create an academic curriculum tailored to the needs of cities and local governments.

“Our ambition is to launch an international program on diplomacy and city-to-city cooperation with five leading universities.”

He also emphasized investing in young leaders through the Young Elected Officials Academy, a program that equips them to drive local change. The next edition will focus on artificial intelligence and digital transformation.

Key topics at the forum included the transformative role of cities and addressing barriers to environmental, social, economic, and cultural sustainability.

City diplomacy was another focus, highlighting the value of sharing expertise and resources across regions to achieve common goals.

Yousef Shawarbeh, mayor of Amman, Jordan, said: “When we meet with city leaders, we find that the challenges faced by cities are the same, but their solutions must not be. We cannot transfer a solution from a European crisis to an Arab city, but we can benefit from the concepts used.”

Fatiha El-Moudni, mayor of Rabat, Morocco, discussed how each city brings unique opportunities for collaboration. “I must mention our work with German cities on energy efficiency, with Italian counterparts on waste management and landfill revitalization, and of course, with French cities on various projects.”

She highlighted Rabat’s partnership with Lyon on a sustainable urban mobility project, noting that Lyon supported the Rabat-Sale tramway from its initiation through its current expansion.

The sustainable mobility plan developed with Lyon in France is guiding preparations for the Africa Cup of Nations in 2025 and the FIFA World Cup in 2030.

El-Moudni explained: “We’ve seen the impact on our citizens; it’s literally changed their daily lives by offering a clean, efficient alternative to cars, reducing traffic and emissions, and improving air quality.”

Rabat’s collaboration with Lyon exemplifies how north-south partnerships, built on mutual respect and exchange, can create resilient cities for future generations.

Emilia Saiz, secretary-general of United Cities and Local Governments, noted that exchanges between cities and territories have existed long before the formation of the League of Nations.

“This might be the first formal forum that we organize, but our relations go way back. Our movement is over 100 years old,” she said.

Saiz emphasized that the next step is not just exchanging experiences but co-creating solutions together.

“I think the worldwide movement of local and regional governments is actually ready to be defined together with quality-of-life needs. And this is something that Saudi Arabia is leading within the UN.”

She highlighted the important role of cities and local governments in determining what local services are needed to support quality-of-life growth, from investments to community services.

Talent, co-creation, and intergenerational dialogue are crucial in shaping these provisions, according to Saiz.

She also urged national governments and international institutions to recognize centralized cooperation as essential for multilateralism, saying a global network structure can develop concrete proposals for action.

“What I am offering is continuity,” she said. “I would say for United Cities and Local Governments, we hope that together with the Arab Urban Development Institute and our European section, we can shape the contents of this dialogue and bring its influence to our World Congress on Industrial Biotechnology in Tangier next year.”


Palestinian vice president discusses Gaza, West Bank with Qatar’s prime minister

Updated 29 min 55 sec ago
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Palestinian vice president discusses Gaza, West Bank with Qatar’s prime minister

  • Hussein Al-Sheikh calls for Palestinian Authority to take on civil, security responsibilities in Gaza
  • Qatari official briefed on latest developments in West Bank

LONDON: Hussein Al-Sheikh, the vice president of Palestine, has discussed in Doha the latest developments in the Gaza Strip and West Bank with Qatar’s Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani.

Al-Sheikh spoke of the Palestinian stance on Gaza, calling for the complete withdrawal of Israeli forces from the enclave to allow the Palestinian Authority to take on civil and security responsibilities, the Palestine News Agency reported.

The officials looked at the preparations for the upcoming Arab League Summit in Baghdad and the anticipated visit of US President Donald Trump to the region this week.

Al-Sheikh also briefed the Qatari official on the latest developments in the West Bank, highlighting the urgent need for a ceasefire and the immediate delivery of humanitarian aid to Gaza.

Qatar’s prime minister reaffirmed his country’s strong support for the Palestinian cause, emphasizing the importance of international law and the establishment of a Palestinian state, the WAFA Agency added.

Al-Sheikh was appointed vice president by Palestinian Authority President Mahmoud Abbas after being selected as the deputy chairman of the executive committee of the Palestine Liberation Organization in April.

He met Saudi Crown Prince Mohammed bin Salman, and Foreign Minister Prince Faisal bin Farhan in Jeddah last week during his first regional visit following his appointment.


India’s worst-hit border town sees people return after ceasefire

Updated 11 May 2025
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India’s worst-hit border town sees people return after ceasefire

  • Most of the over 60 dead were civilians and the majority Pakistanis
  • Residents returned as an India-Pakistan truce was holding on Sunday

POONCH: Residents of the town in Indian-administered Kashmir worst hit by the deadliest fighting in decades with Pakistan trickled back on Sunday, a day after a surprise truce.
Over 60 people died in days of days of missile, drone and artillery attacks that came close to all-out war until the ceasefire, which was holding on Sunday despite early alleged violations.
Most of the dead were civilians and the majority Pakistanis.
On the Indian side, Poonch on the Indian-run part of divided Kashmir bore the brunt, with at least 12 people killed at 49 injured, according to officials.
They included 12-year-old Zian Khan and his twin sister Urwa Fatima, hit by an artillery shell on Wednesday as their parents tried to leave the town.
The majority of the 60,000-strong population fled in cars, on buses and even on foot, leaving only a few thousand to brave it out.
Tariq Ahmad arrived back on Sunday bringing back 20 people in his bus as signs of life and activity returned to Poonch’s streets.
“Most who fled are still afraid and will wait and watch to see if this agreement holds,” the 26-year-old driver told AFP at the main bus terminal.
“Luckily, I managed to pick up 20 people from nearby villages who wanted to check if their homes and belongings survived the intense Pakistani shelling.”
Poonch lies about 145 miles (230 kilometers) from Jammu, the second largest city in Indian-administered Kashmir.
Hazoor Sheikh, 46, who runs a store in the main market, was one of the first few people to reopen his shop.
“Finally, after days, we could sleep peacefully,” he said.
“It is not just me or my family but everyone around finally had a smile yesterday,” he added.
“I nervously returned a short while back to check on my shop,” 40-year-old Mushtaq Qureshi said.
“Our families and neighbors were all separated as people fled to villages or relatives’ homes for safety. But we are happy to be back today and to see each other again,” he said.
Qureshi had left his home with about 20 relatives.
“Buildings around our neighborhood were hit but luckily nothing has happened to my home,” he said.
Rita Sharma, 51, said she was really looking forward to seeing five children from her extended whom she had sent away for safety.
“They were the first to call yesterday after the (ceasefire) announcement and declared that they’d be back home by Sunday evening,” she said.
“We hope it stays peaceful.”
Hotel manager Subhash Chandar Raina also stayed put despite “the worst shelling in years.”
“I feel sorry for those who’ve lost lives and belongings but thank God for allowing us to return to our normal lives after the worst phase in the region for years,” the 53-year-old said.
Raina was one of only two hotel staff who stayed back as they felt traveling “was risky.”
Abdul Razzak, 50, remembers fleeing with four children and two other relatives on two motorbikes with nothing but their clothes.
“It was our worst nightmare... We’ve seen our people die around us, so none of us want a war,” Razzak said.
Hafiz Mohammad Shah Bukhari was skeptical.
“We are not entirely confident that this ceasefire agreement will hold, based on our experience over the years,” the 49-year-old said.
“Every time India has agreed to such an agreement, Pakistan has ended up violating it... It’s people like us, the frontier people, who end up suffering and losing everything.”


Closing Bell: Saudi main index slips to close at 11,346 

Updated 11 May 2025
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Closing Bell: Saudi main index slips to close at 11,346 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 17.52 points, or 0.15 percent, to close at 11,346.59. 

The total trading turnover of the benchmark index was SR3.32 billion ($896 million), as 108 of the stocks advanced and 128 retreated.    

The Kingdom’s parallel market, Nomu, also lost 508.04 points, or 1.82 percent, to close at 27,423.45. This comes as 30 stocks advanced while 45 retreated.    

The MSCI Tadawul Index followed suit and lost 0.22 points, or 0.02 percent, to close at 1,451.79.     

The best-performing stock of the day was SHL Finance Co., whose share price surged 8.74 percent to SR19.90.   

Other top performers included SICO Saudi REIT Fund, which saw its share price rise 6.54 percent to SR4.40, as well as National Medical Care Co., whose shares surged 4.93 percent to SR149. 

Middle East Specialized Cables Co. recorded the steepest decline, falling 8.33 percent to SR33. Fawaz Abdulaziz Alhokair Co. followed with a 6.62 percent drop to SR14.94, while Saudi Chemical Co. slipped 6.47 percent to SR8.39. 

On the announcements front, MBC Group Co. reported its interim financial results for the period ending March 31. According to a statement on Tadawul, the company posted a net profit of SR263.5 million in the first quarter of 2025, marking a 117.2 percent increase compared to the same period in 2024. The surge in profit was primarily driven by a SR190 million rise in gross profit, attributed to higher revenues during the month of Ramadan. 

MBC Group Co. ended the session at SR43.90, up 0.47 percent. 

Al-Rajhi Co. for Cooperative Insurance also announced its interim financial results for the first quarter. A bourse filing showed that the company posted a net profit of SR90.7 million for the period ending March 31, representing an 18.4 percent decline compared to the same quarter last year. The drop in net profit was primarily attributed to a decrease in the insurance service result before re-takaful, total comprehensive income, and total investment income, as well as an increase in other operating expenses and gross written premiums. 

Al-Rajhi Co. for Cooperative Insurance ended the session at SR123.40, down 2.76 percent. 

Saudi Ground Services Co. has announced its interim financial results for the period ending March 31. According to a Tadawul statement, the company reported a net profit of SR97.6 million in the first quarter of 2025, marking a 37 percent increase compared to the same period in 2024. The growth was primarily driven by an SR18.3 million rise in revenue year on year. 

Saudi Ground Services Co. ended the session at SR49.00, down 1.53 percent. 

Saudi Chemical Co. has announced its consolidated financial results for the first quarter of 2025. A bourse filing showed the company reported a net profit of SR82.33 million for the period ending March 31, reflecting a 9.9 percent decline compared to the same quarter last year. The decrease was attributed to higher finance costs, the revaluation of derivative financial instruments related to interest rate exposure, and an increase in zakat and tax provisions. 

Saudi Chemical Co. ended the session at SR8.95, down 6.47 percent. 

Dallah Healthcare Co. has announced its interim financial results for the period ending March 31. According to a Tadawul statement, the company reported a net profit of SR155.56 million in the first quarter of 2025, marking a 30.3 percent increase compared to the same period a year earlier. The rise in profit was driven by higher revenues, along with non-recurring gains of SR51 million resulting from the company’s 33.33 percent stake in a real estate fund through an in-kind contribution of land. 

Dallah Healthcare Co. ended the session at SR120, up 0.17 percent. 

Tamkeen Human Resource Co. has announced its consolidated financial results for the first quarter of 2025. A bourse filing revealed the company recorded a net profit of SR26 million for the period ending March 31, representing a 40.54 percent increase compared to the same quarter last year. The surge in earnings was attributed to growth in the group’s revenues, gross profit, and operating profit. 

Tamkeen Human Resource Co. ended the session at SR55.30, up 3.61 percent. 

Umm Al Qura for Development and Construction Co. has announced its consolidated financial results for the first quarter of 2025. A bourse filing showed the company posted a net profit of SR159.6 million for the period ending March 31, reflecting a staggering 3,219.3 percent increase compared to the same quarter a year earlier. The sharp rise in profit was primarily driven by a significant surge in revenues.  

Umm Al Qura for Development and Construction Co. ended the session at SR24.26, up 0.34 percent. 

Taiba Investments Co. has announced its interim financial results for the period ending March 31. According to a statement on Tadawul, the company reported a net profit of SR131.3 million in the first quarter of 2025, marking a 36.6 percent increase compared to the same quarter last year. This growth is mainly attributed to the rise in operating revenues during the first quarter of 2025. 

Taiba Investments Co. ended the session at SR43.25, up 1.5 percent.