Saudi Arabia is looking to become "another Germany" when it comes to renewables, as the country looks to generate 50 per cent of its power from clean sources, its energy minister said.
The kingdom plans to partner with European firms to develop blue and green hydrogen, Prince Abdulaziz bin Salman told the Future Investment Initiative late Wednesday.
"We're working with so many countries on green hydrogen and blue hydrogen and ... I could say that we will be pioneering more of that blue hydrogen and green hydrogen," he said. The annual event is being held in Saudi Arabia's capital city of Riyadh with a limited capacity due to the Covid-19 pandemic.
The minister's comments follow ambitious plans laid out by his ministry to assess the potential of becoming an exporter for the clean gas.
Hydrogen has become a popular alternative fuel among Gulf oil producers looking to diversify their energy sources. Blue hydrogen is derived from gas, while the green variant is produced from renewable sources.
Saudi Arabia's plans to diversify its economy away from reliance on hydrocarbons will begin with its utility sector, the minister said.
"We would be converting 50 per cent of our power sector's fuel into gas, and the rest will be coming from renewables," he told an online audience.
"In tandem with that, we will be saving thousands and hundreds of thousands of barrels of oil that are going to waste, that we could export," he added.
The country will be "progressively" moving forward with its efficiency programme and price reforms, he added.
Saudi Arabia has already launched a renewables programme and is constructing its first solar and wind power plants. The Gulf country also plans to develop atomic power for civilian use.
Prince Abdulaziz reiterated Saudi Arabia's commitments to the Paris Agreement, which pushes signatory countries to reach carbon neutrality by 2050 as deterrent to peaking global greenhouse gas emissions.
"We [as] Saudi Arabia [are] a staunch believer of [the] Paris Agreement. And we will do everything as a government to enable our government companies to achieve their targets," he said.
The agreement will bring "lots of economic growth and lots of diversity", he added.
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Four tips to secure IoT networks
Mohammed Abukhater, vice president at FireEye in the Middle East, said:
- Keep device software up-to-date. Most come with basic operating system, so users should ensure that they always have the latest version
- Besides a strong password, use two-step authentication. There should be a second log-in step like adding a code sent to your mobile number
- Usually smart devices come with many unnecessary features. Users should lock those features that are not required or used frequently
- Always create a different guest network for visitors
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
More on animal trafficking
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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UAE currency: the story behind the money in your pockets
Graduated from the American University of Sharjah
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Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding
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