Category: Sales

Riyadh: Under the patronage of Governor of the Riyadh Region Prince Faisal bin Bandar bin Abdulaziz, the International Exhibition for Nonprofit Sector (IENA 2024), held under the theme “Effective Partnerships for Sustainable Development,” is scheduled to start on May 26 in Riyadh.

Minister of Human Resources and Social Development and Chairman of the Board of Directors of the National Center for Non-Profit Sector Eng. Ahmed Al-Rajhi will attend the inauguration ceremony.

IENA is the first of its kind in the Kingdom. It aims to support non-profit organizations operating in 120 diverse fields, addressing societal development needs and individual concerns.

In its second edition, IENA aims to highlight the rapid developments in the non-profit sector and its contribution to achieving the goals of the Saudi Vision 2030. It serves as a platform for continuous communication among sector professionals and building relationships between local and international non-profit entities. This year’s exhibition will showcas
e the experiences and successes of participating entities in various fields of the non-profit sector, as well as the participation of international organizations.

Interested individuals can register to attend and learn more about the exhibition through the website: ienaexpoksa.com.

The first edition of IENA saw the participation of 74 local and international non-profit organizations. During the event, 69 agreements were signed, including agreements to establish portfolios for sector organizations, with a total value exceeding SAR100 million.

Source: Saudi Press Agency

Doha: Qatar Stock Exchange index started Sunday’s trading session up by 0.40%, adding 38.52 points to reach the level of 9741 points, compared to last closing.

The index was supported by a rise in five sectors: Transportation by 0.93%; Real Estate by 0.58%, Banks and Financial Services by 0.39%; Telecoms by 0.37%; and Industrials by 0.14%. On the other hand, the index saw a decline in Insurance by 0.47%; and Consumer Goods and Services by 0.26%.

At 10:00 am, 31.154 million shares were traded in 2,535 transactions valued QR 69.323 million.

Source: Qatar News Agency

Riyadh: The CEO of the Saudi Fund for Development (SFD), Sultan Abdulrahman Al-Marshad, participated today with the Director-General of the Arab Bank for Economic Development in Africa (BADEA), Dr. Sidi Ould Tah, in the opening of the 92nd regular meeting of operations directors of the Arab Coordination Group (ACG) institutions. The event, hosted by BADEA, was attended by officials and representatives of the member institutions and funds in the ACG.

The SFD was represented at the meeting by the Deputy CEO overseeing Operations at SFD, Eng. Faisal bin Mohammed Al-Kahtani. The discussions aimed to contribute to the developmental journey and enhance vital opportunities through ongoing efforts to support greater effectiveness by optimizing the competencies and capabilities available within the member institutions and funds. Additionally, the meeting sought to achieve common developmental goals, including developmental support and social and economic growth in beneficiary countries worldwide.

The meeting also fo
cused on strengthening initiatives and cooperation in the exchange of information and data on developmental projects and plans, aligning procedures to provide the necessary funding for implementing priority developmental projects and programs in developing countries worldwide.

Source: Saudi Press Agency

DUBAI: The Acres Real Estate Exhibition, currently underway at the Dubai World Trade Centre and organised by Leader Events Management, continued to captivate attendees on its third day with a showcase of the latest projects from developers in Dubai, the region, and around the world.

As the event heads towards its conclusion on Sunday, it presents over 120 new projects. Many of these developments are focused on innovative environmental sustainability practices, which align with the UAE government’s strategy to combat climate change and preserve the environment, thereby enhancing the welfare of property owners.

Saeed Ghanem Al Suwaidi, Chairman of the Organising Committee of ACRES Dubai, said, “Real estate is one of the most thriving sectors in the UAE and is rapidly growing towards enhancing environmental protection efforts. At ACRES, we are committed to bolstering these efforts by enabling companies and real estate developers to showcase their sustainable projects and share expertise in this arena. We are a
lso keen to organize workshops and programmes that provide an excellent opportunity to educate visitors about sustainable living and the importance of investing in smart, sustainable cities.”

Source: Emirates News Agency

Istanbul: The Saudi Export-Import Bank (Saudi EXIM) announced it signed a line of credit agreement worth $100 million with the Turkish Ziraat Bank, which aims at financing the export activities of Saudi non-oil products and services to Turkish markets.

The agreement comes within the EXIM’s efforts to empower the non-oil national economy and enhance the competitiveness of Saudi products in international markets.

Saudi EXIM chief executive Saad bin Abdulaziz AlKhalb signed the agreement in Istanbul, Republic of Trkiye.

AlKhalb explained that the agreement comes within the framework of the bank’s efforts to strengthen international trade relations to open new markets for Saudi exporters to expand their activities and increase Saudi products and services to global markets, underlying the bank’s endeavor to achieve the targets of the Saudi Vision 2030 in creating a diversified and sustainable economy, maximizing the economic impact of export activities, and increasing Its contribution to non-oil gross domestic
product (GDP) to 50% by 2030.

Source: Saudi Press Agency

PARIS: Today’s combined market size of key energy transition minerals is set to more than double to US$770 billion by 2040 in a pathway to net zero emissions by mid-century, according to theGlobal Critical Minerals Outlook 2024, released by International Energy Agency (IEA).

The new report finds that major additional investments are still needed to meet the world’s energy and climate objectives.

The Global Critical Minerals Outlook 2024, published today, updates the IEA’s inaugural review of the market last year while also offering new medium- and long-term outlooks for the supply and demand of important energy transition minerals, such as lithium, copper, nickel, cobalt, graphite and rare earth elements.

Following two years of dramatic increases, the prices of critical minerals fell sharply in 2023, returning to levels last seen before the pandemic. Materials used to make batteries saw particularly significant decreases, with the price of lithium dropping by 75 percent and the prices of cobalt, nickel and
graphite falling by between 30 percent and 45 percent – helping drive battery prices 14 percent lower. With demand growth remaining robust, these declines were mostly driven by a strong increase in global supply – helping to offset the steep price rises in 2021 and 2022.

The report finds that while lower prices for critical minerals in the past year have been good news for consumers and affordability, they have also provided a headwind for new investment. In 2023, investment in critical minerals mining grew by 10 percent and exploration spending rose by 15 percent – still healthy, but slower than in 2022.

Detailed project-by-project analysis suggests that announced projects are sufficient to meet only 70 percent of copper and 50 percent of lithium requirements in 2035 in a scenario in which countries worldwide meet their national climate goals. Markets for other minerals look more balanced – if projects come through as scheduled. However, announced projects do not change the high geographical concentration
of supply, and China is projected to retain a very strong position in the refining and processing sector.

‘Secure and sustainable access to critical minerals is essential for smooth and affordable clean energy transitions. The world’s appetite for technologies such as solar panels, electric cars and batteries is growing fast – but we cannot satisfy it without reliable and expanding supplies of critical minerals,’ said IEA Executive Director Fatih Birol.

Source: Emirates News Agency