FAB plans $4.08bn rights issue

UAE’s largest bank seeks capital for growth.

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

Diversification of energy sources needed to meet demand: Saudi minister

Al-Jubeir spoke at a session titled "Bold Steps for a Sustainable MENA” at the World Economic Forum (WEF) Annual Meeting 2024 in Davos, Switzerland. (SPA)
  • Adel bin Ahmed Al-Jubeir said Saudi Arabia aims to become the top exporter of energy, not only of oil.
  • He highlighted the Kingdom’s dedication to collaborating with other countries to reduce emissions and address the challenges of climate change.

Davos, Switzerland — The Saudi Minister of State for Foreign Affairs, Cabinet’s member, and Climate Affairs Envoy, Adel bin Ahmed Al-Jubeir has called for diversification of energy sources to meet the increasing global demand for energy.

The minister made these remarks Wednesday at a session titled “Bold Steps for a Sustainable MENA” at the World Economic Forum (WEF) Annual Meeting 2024 in Davos, Switzerland.

Al-Jubeir said Saudi Arabia aims to become the top exporter of energy, going beyond oil alone.

Al-Jubeir underscored the Kingdom’s commitment to setting standards rather than solely following them, highlighting its role as a responsible member of the international community. He highlighted the Kingdom’s dedication to collaborating with other countries to reduce emissions and address the challenges of climate change.

Furthermore, Al-Jubeir showcased the Kingdom’s comprehensive approach to preserving the environment, protecting the Earth, and mitigating the impacts of climate change. He also noted the Kingdom’s adoption of a circular economy approach to carbon, afforestation, city redesign and waste recycling.