Jeddah meeting to discuss future of marine ecosystems

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Experts, researchers, and decision-makers in marine environment protection from within and outside the Kingdom will attend International Coral Reef Initiative meeting in Jeddah. (Supplied)
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Experts, researchers, and decision-makers in marine environment protection from within and outside the Kingdom will attend International Coral Reef Initiative meeting in Jeddah. (Supplied)
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Experts, researchers, and decision-makers in marine environment protection from within and outside the Kingdom will attend International Coral Reef Initiative meeting in Jeddah. (Supplied)
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Experts, researchers, and decision-makers in marine environment protection from within and outside the Kingdom will attend International Coral Reef Initiative meeting in Jeddah. (Supplied)
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Experts, researchers, and decision-makers in marine environment protection from within and outside the Kingdom will attend International Coral Reef Initiative meeting in Jeddah. (Supplied)
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Experts, researchers, and decision-makers in marine environment protection from within and outside the Kingdom will attend International Coral Reef Initiative meeting in Jeddah. (Supplied)
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Updated 07 September 2024
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Jeddah meeting to discuss future of marine ecosystems

 

— International Coral Reef Initiative to focus on protection, sustainability, blue economy growth

Arab News

RIYADH: The 38th meeting of the International Coral Reef Initiative will be held in Jeddah from Sept. 9 to 13, the Saudi Press Agency reported on Saturday.

Experts, researchers, and decision-makers in marine environment protection from within and outside the Kingdom will attend the event.

The meeting will aim to exchange knowledge, address challenges, and discuss future trends in coral reef protection.

The initiative, comprising 45 countries that cover 75 percent of the world’s coral reefs, serves as a global platform to protect marine ecosystems.

The meeting’s goals include improving coral reef conservation methods against threats like climate change, pollution, and unsustainable fishing, while fostering collaboration between governments, nongovernmental organizations, and private companies.

It will focus on organizing blue economy activities to balance economic development with environmental sustainability, and empowering human capacities through knowledge exchange and training.

The event will also explore ways to raise societal awareness of the importance of coral reefs for biodiversity and the blue economy.

Khaled bin Mohammad Asfahani, CEO of the General Organization for Conservation of Coral Reefs and Turtles in the Red Sea, expressed gratitude for the Kingdom’s leadership and the organization's regulatory tools to oversee coral reef protection in the Red Sea.

He highlighted the organization’s global recognition and support from international conservation groups, including the International Coral Reef Initiative, due to its resources and expertise.

Asfahani said: “We welcome the arrival of a group of scientists, researchers and decision-makers to engage in a discussion regarding the most recent advancements in coral reef conservation and to share their ideas and experiences.

“This will ensure the sustainability of marine environmental resources and economic development, as well as provide the requisite information to support decision-making.”

Asfahani emphasized the Kingdom’s commitment to sustainable development and coral reef protection — reflected in hosting the meeting — which aligns with Vision 2030’s goals of fostering international cooperation, developing human capacities, raising environmental awareness, and advancing research and innovation in marine conservation.


Riyadh forum highlights healthcare model progress

Updated 20 sec ago
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Riyadh forum highlights healthcare model progress

  • Forum’s scientific program began with the participation of more than 25 local and international speakers, 80 exhibitors and over 1,500 healthcare professionals
  • Mohammed Al-Abdulaali: The Model of Care is confidently and clearly progressing through health clusters

RIYADH: The second Model of Care Forum was inaugurated in Riyadh on Tuesday under the patronage of Saudi Minister of Health Fahad Al-Jalajel.

The two-day event, held under the theme “Care and Impact,” was attended by Assistant Minister of Health Mohammed Al-Abdulaali.

The forum’s scientific program began with the participation of more than 25 local and international speakers, 80 exhibitors and over 1,500 healthcare professionals from across the Kingdom.

Al-Abdulaali highlighted the significant achievements of the modern healthcare model in Saudi Arabia, implemented through 20 health clusters, delivering integrated and sustainable care based on innovative, world-class practices.

“The Model of Care is confidently and clearly progressing through health clusters, extending its impact to encompass public healthcare providers alongside the private sector and other entities across the healthcare system,” he said.

Al-Abdulaali concluded his speech by welcoming all attendees and international speakers to witness the success stories achieved in Saudi Arabia through the implementation of the Model of Care across the 20 health clusters.

Discussions at the forum will revolve around the modern healthcare model, care systems and pathways such as palliative care, emergency care, outpatient care, maternal and child care, chronic disease care, preventive care systems, and their role in achieving health excellence.

The forum includes an accompanying exhibition showcasing success stories from the implementation of healthcare model initiatives across the Kingdom.


Local crops, culture in spotlight at Qatif market

Updated 28 January 2025
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Local crops, culture in spotlight at Qatif market

  • Aims to spotlight and support distinctive local crops, empower farmers, and showcase Qatif's agricultural wealth
  • Market offers visitors a unique experience that combines the richness of local agricultural products with the charm of heritage events

RIYADH: The farmers’ market at Qatif is experiencing a strong turnout of shoppers, farmers, traders, and agricultural companies, according to the Saudi Press Agency.

As a vibrant center of economic and agricultural activity, the event also features a variety of cultural and entertainment programs.

It aims to spotlight and support distinctive local crops, empower farmers, and showcase Qatif's agricultural wealth, the SPA added.

The market offers visitors a unique experience that combines the richness of local agricultural products with the charm of heritage events.

It includes 60 outlets offering fresh fruits, vegetables, honey, dates, dairy products, and other items such as date syrup and organic tomato sauces infused with herbs.

Beekeepers and traditional food producers present local dishes, while farms display 100 percent organic fruits and vegetables, promoting a healthy and sustainable lifestyle.

The market also boasts artisan spaces that showcase a diverse array of industries and hobbies.

Artist and craftsman Hussein Al-Dahim is among the participants, demonstrating his unique talent for blending Arabic calligraphy with beads and crystals.

With more than 45 years of experience, Al-Dahim has contributed to numerous local festivals across the Kingdom, the SPA reported.

Fahd Al-Hamzi, director general of the Ministry of Environment, Water and Agriculture’s branch in the Eastern Province, emphasized that the farmers’ market serves as a marketing model for local agricultural products.

He added that it strengthens the local agricultural sector and enhances national production, aligning with the objectives of Saudi Vision 2030.


Sustainable finance key to driving climate adaptation, panel told

Updated 28 January 2025
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Sustainable finance key to driving climate adaptation, panel told

  • Kingdom to set new guidelines for green sukuk growth, official tells Manama forum
  • Abdullah Al-Moqbel: Sustainable finance is a key driver and the main engine for developing sustainability practices among all economies

MANAMA: The use of environmental sukuk and other debt instruments is surging in the Kingdom, with total issuances exceeding SR8 billion ($2 billion), a Capital Market Authority official has said.

Abdullah Al-Moqbel, director of the authority’s sustainability department, was speaking on Tuesday during a panel discussion titled “Climate Risk and Financial Disclosure: Harmonizing New Frameworks and Implementation” at the Sustainability Forum Middle East in Manama, Bahrain.

He highlighted the critical role of sustainable finance in facilitating the transition toward climate adaptation and sustainable development.

Al-Moqbel added: “Sustainable finance is a key driver and the main engine for developing sustainability practices among all economies. It will be even more critical during the transition phase.”

He also highlighted the importance of collaboration with stakeholders in advancing corporate sustainability strategies.

“In Saudi Arabia, we are working on implementing a corporate sustainability strategy. Within this effort, we have a platform that facilitates multi-sided communication with various partners,” Al-Moqbel said.

Market participants and listed companies are key partners in this process, and their engagement is crucial for enhancing the quality of initiatives, he added.

Ultimately, corporate entities, not regulators, will implement the strategy, Al-Moqbel said.

Meanwhile, Alya Al-Omran, head of capital markets supervision at the Central Bank of Bahrain, shared her country’s approach to sustainability in the financial sector.

“We have issued our ESG module, and the way we introduced this new module to our licensees and listed companies is by mandating them,” she said.

Al-Omran said that the adoption of the rules in Bahrain is mandatory.

“Maybe it is a very new way of introducing such rules, as it is a relatively new concept here, but we chose to do it this way to kindly force companies to adopt sustainability and integrate it into their operations,” Al-Omran added.

Mohammad Essa, head of the corporate governance section at the Securities and Commodities Authority in the UAE, discussed the emirates’ efforts to promote green bonds and sustainable finance.

Essa said that the UAE issued regulations in 2023 regarding green and sustainability-related bonds.

“To support this initiative, we have also exempted companies planning to list these bonds or sukuk on the financial market from the registration fees imposed by the authority.”

This initiative could increase the number of bonds and sukuk listed on the local financial market, he added.

“As of the latest figures at the end of 2023, we reached $14 billion in green bonds and sukuk issued by the authority. Of course, this number has increased currently,” said Essa.

While progress in Saudi Arabia, Bahrain and the UAE is evident, Al-Moqbel acknowledged the global disparity in sustainable finance adoption.

“Although green issuance worldwide has surpassed $850 billion, it represents just 3 percent of total conventional bond issuances,” he said.

Despite this, the compound annual growth rate for green financial products is double that of conventional bonds, underscoring the promising future of such instruments, Al-Moqbel added.

Recognizing this potential, the Kingdom’s Capital Market Authority is taking proactive regulatory steps to support and expand the market for sustainable finance in the Kingdom.

“We are currently drafting guidelines for issuing green, social and sustainability-linked sukuk and debt instruments in the Saudi market,” Al-Moqbel said.

These guidelines, expected to be voluntary, aim to help companies comply with disclosure requirements and align with international principles, such as those set by the International Capital Market Association.

The overarching goal is to increase the issuance of these financial products in local and regional markets, said Al-Moqbel.

He also addressed the need to raise awareness among local and regional investors.

“Most of the demand for these products currently comes from international investors. Raising awareness is essential to trigger interest from local and regional investors,” he said.


Saudi Arabia unveils design of region’s first luxury train

Updated 28 January 2025
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Saudi Arabia unveils design of region’s first luxury train

RIYADH: Saudi Arabia Railways and Italian hospitality company Arsenale have unveiled the final designs of the Dream of the Desert train, the first five-star luxury train in the Middle East.

According to the Saudi Press Agency, this announcement marks a significant milestone in executing the agreement signed last year between Saudi Arabia Railways and Arsenale.

Inspired by the desert landscape and traditional Saudi architecture, the interiors feature refined craftsmanship, earthy tones, luxurious textiles, and intricate decorative details, SPA reported.

Architectural elements and motifs from iconic Saudi landmarks — including Hegra and Hail — are elegantly incorporated into the train’s design, offering passengers a journey that is both visually stunning and culturally enriching.

The train consists of 14 carriages housing 34 luxury suites, providing an exclusive and intimate experience for travelers, according to a press release.

Departing from Riyadh, the train will traverse the Northern Railway network, allowing guests to explore some of Saudi Arabia’s most breathtaking heritage and natural sites.

In collaboration with the Ministry of Culture, the train will feature curated cultural programs, enabling passengers to experience Saudi traditions in an immersive and engaging way.

Additionally, the Saudi Tourism Authority and the Development Authorities Support Center are designing unique tourism itineraries that integrate seamlessly with the train journey, offering guests an unparalleled insight into Saudi heritage.

Saudi Minister of Transport and Logistic Services and Chairman of Saudi Arabia Railways Saleh Al-Jasser said: “The Dream of the Desert train is a testament to our commitment to this vision, delivering innovative solutions that elevate both the transport and tourism sectors.

“This project reflects the Kingdom’s ambitious drive to develop world-class infrastructure while offering unparalleled travel experiences that reinforce Saudi Arabia’s status as a premier global tourism destination.”

Saudi Arabia Railways CEO Bashar Al-Malik said: “At SAR, we believe our role extends beyond operating a railway network — we are actively attracting global investments to introduce advanced transport solutions that support economic growth and regional connectivity.

“The Dream of the Desert train is a prime example of this commitment, demonstrating how collaboration between private and public sector entities can create groundbreaking experiences in luxury transport.

“With this project, we are setting a new benchmark for service excellence, merging comfort and sophistication to position Saudi Arabia among the world’s leading luxury rail travel destinations.”

CEO of Arsenale Group Paolo Barletta said: “This project is more than just a luxury train; it is a fully immersive experience that blends refined design, world-class hospitality, and rich cultural traditions.

“We are proud of this achievement and look forward to welcoming our first guests on board. Dream of the Desert is expected to begin operations by the end of Q3 2026, with booking details and exclusive packages to be announced soon on the official website.”


Saudi pavilion draws crowds at Cairo book fair

Updated 28 January 2025
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Saudi pavilion draws crowds at Cairo book fair

RIYADH: Saudi Arabia’s pavilion at the 56th Cairo International Book Fair has attracted significant visitor numbers since opening on Jan. 23.

The Ministry of Islamic Affairs’ corner at the pavilion is showcasing its efforts to serve Muslims in line with Vision 2030, the Saudi Press Agency reported.

A highlight of the corner is the daily distribution of hundreds of copies of the Holy Qur’an, printed in various sizes by the King Fahd complex in Madinah.

Visitors have been captivated by interactive displays detailing advanced Qur’an printing technologies, reflecting the Kingdom’s dedication to preserving and spreading the Holy Qur’an globally, the SPA reported.

Visitors have been captivated by interactive displays detailing advanced Qur’an printing technologies (SPA)

The ministry’s corner also features rare historical Islamic manuscripts, highlighting works of jurists, linguists and scholars.

A 3D virtual Hajj and Umrah app offers a step-by-step guide to sacred rituals, while digital services like the Rushd and Correct Quotation apps enhance the visitor experience.

Many attendees have praised the ministry’s efforts, expressing gratitude for Saudi Arabia’s commitment to supporting Muslims, according to the SPA.

The fair, organized by the Egyptian General Book Organization, is hosting 1,345 publishers from 80 countries. It runs until Feb. 5.

A 3D virtual Hajj and Umrah app offers a step-by-step guide to sacred rituals (SPA)