Energy minister calls for R&D on petrochemicals, renewables

Energy Minister Khalid Al-Falih addresses at the 21st St. Petersburg International Economic Forum (SPIEF) on Friday. (SPA)
Updated 04 June 2017
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Energy minister calls for R&D on petrochemicals, renewables

RIYADH: Khalid Al-Falih, minister of energy, industry and mineral resources, has urged attendees of an economic forum in St. Petersburg, Russia, to invest in research and development of petrochemicals and renewable energy, the Saudi Press Agency (SPA) said.
The minister, who was addressing the 21st St. Petersburg International Economic Forum (SPIEF) on Friday, stressed the key role played by new technologies in speeding up the diversification of energy sources and minimizing the current risks on climate.
Al-Falih joined the session titled “Mechanisms of Global Economy — Hydrocarbon Energy: Will it become a Legacy of the Past or Basics of Development?”
Speakers focused on the importance of commitment to the recent oil production reduction agreement between OPEC and non-OPEC members for another nine months.
The Saudi minister said OPEC and non-OPEC members in the reduction agreement will study the possibility of increasing the reduction rates in their meeting in November.
He ruled out that the global peak on oil demand will occur before 2050.
He also said Saudi Aramco will invest in the production of gas and liquefied natural gas (LNG) at the global level.
The forum speakers also stressed that oil will remain a key energy source in the long term and that it should not be looked at as the sole pollution source. They also emphasized the need to adopt a comprehensive plan to deal with climate change.
Since its launch in 1997, the forum has become a leading global platform for representatives of the business community to meet and discuss the key economic issues facing Russia, emerging markets and the world as a whole.
Over 12,000 participants attended the St. Petersburg International Economic Forum 2016, from 133 countries.


Riyadh Eid festivities draw more than 1.5 million visitors

Updated 19 June 2018
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Riyadh Eid festivities draw more than 1.5 million visitors

  • The diversity of events the municipality provided this year offered plenty of choice to the capital’s residents and visitors.
  • The garden of King Fahd Library which received visitors over the three days of Eid witnessed interactive and entertainment shows.

JEDDAH: Riyadh municipality Eid Al-Fitr activities attracted more than 1.5 million visitors, residents and citizens over the three-day holiday.
The diversity of events the municipality provided this year offered plenty of choice to the capital’s residents and visitors.
The municipality hosted 200 functions in 30 different locations across the city. It distributed thousands of presents, balloons and candy to children to encourage them to attend Eid prayers and to bring joy to their hearts.
Riyadh’s Eid festivities in Qasr AL-Hokm included the Saudi traditional folk-dance show, activities and competitions for children, as well as folk arts and poetry shows.
The garden of King Fahd Library which received visitors over the three days of Eid witnessed interactive and entertainment shows, as well as artistic activities and sports competitions.
Riyadh municipality organized five theater shows for men and women, including two for men: Shekka Wa Noss, and Tersam Al-Wahch; two plays for women: Banat Al-Social and Umm Suwaileh Al-Sawaqa, and an open play, Al-Qarya Al-Maghdoura.
Riyadh municipality also organized three theater shows for the blind and deaf.
“Al-Qarya Al-Maghdoura” (The Betrayed Village), the first open-theater show in the Kingdom, was held in the showroom of Al-Jazeera neighborhood. It was written, directed and played by Saudis.
The municipality allocated several events and locations for the participation of humanitarian organizations by receiving them and setting private seats for them, in coordination with the Saudi Association for Deaf.
It also organized a special program to entertain women and children over the three days of Eid. The events for women included plays, free drawing and coloring sessions, artifacts and competitions.
Carnival marches were launched in the north and west of Riyadh, by 300 cartoon characters and featured the participation of touring folk groups, along with a solidarity march with soldiers, as well as classic car shows.
The capital’s residents and visitors enjoyed fireworks that lasted 10 minutes and colored the sky of Riyadh at King Fahd International Stadium, a location near King Abdullah Financial District (KAFD) and a location near Wadi Leban Bridge in west Riyadh.