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Saudi, UK to jointly develop critical minerals supply chains, increase availability


Saudi Arabia and the UK intend to jointly develop critical minerals supply chains to support the global energy transition and increase the global supply as part of an agreement signed on Thursday.

Saudi Arabia’s Minister of Industry and Mineral Resources Bandar al-Khorayef and the UK’s Secretary of State for Business and Trade Kemi Badenoch signed the agreement.

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Minerals, including copper, lithium, nickel, cobalt and rare earth elements, are vital for technological advancements in electric vehicles, wind turbines, and solar panels.

“Saudi Arabia and the United Kingdom share a common vision of ensuring the availability of minerals necessary for the energy transition while upholding high sustainability standards,” al-Khorayef was quoted as saying by the Saudi Press Agency.

Meanwhile, Badenoch said: “The agreement I have signed today with Saudi Arabia will strengthen our partnership on supply chain resilience and industrial cooperation- brilliant news for both our economies,” in the same report.

Al-Khorayef reportedly explained that the latest agreement was part of increasing cooperation in relations between the two countries in the industrial and mining sectors, which they hope will support the joint global efforts for a green future.

According to SPA, the agreement will focus on various areas of cooperation:

  • Developing a shared understanding of critical minerals strategies and resilience of supply chains.
  • Encouraging the replacement and recycling of critical minerals.
  • Establishing a unified vision for the mineral industry that aligns with global environmental standards and promotes social contribution, with coordination in multilateral forums supporting the flow of essential minerals.
  • Engaging the private sector to identify new critical mineral supply chains and exploring joint investment opportunities encouraging partnerships between companies and industry to increase supply chains.
  • Identifying collaborative research opportunities on clean mineral production techniques, resource efficiency, recycling, and other relevant technologies facilitating knowledge exchange on projects, skills development, and practical initiatives relating to critical minerals.

The signing of the agreement comes after the British government, in January 2023, said it had agreed to deepen its collaboration with Saudi Arabia on diversifying sources of critical minerals.

Britain’s Business, Energy and Industrial Strategy department said the partnership could see Saudi investment in the UK’s manufacturing and mining finance sectors and new opportunities for UK mining firms to do business in Saudi Arabia.

Later that month, al-Khorayef highlighted the importance of international collaboration in achieving the global goal of transitioning to green energy during a panel discussion on the sidelines of the Future Minerals Forum in Riyadh.

He emphasized the UK’s crucial role in developing reliable supply chains for the Kingdom and the entire region.

The shift towards a low-carbon economy requires a large supply of minerals. For instance, lithium supply will need to increase by approximately 700 percent, nickel production by around 100 percent, and copper production by roughly 50 percent until 2030 compared to the decade ending 2020 to match the 1.5°C-degree pathway, SPA reported.

With Reuters

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Crown Prince of Abu Dhabi meets with CEOs of leading Norwegian companies

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with a group of CEOs from leading Norwegian companies, as part of their participation in the UAE-Norway Investment Forum, held alongside his official visit to the Kingdom of Norway.

During the meeting, H.H. Sheikh Khaled bin Mohamed bin Zayed underscored the UAE leadership’s commitment to strengthening economic cooperation with its international partners.

He highlighted that investment in innovation and knowledge is a cornerstone for achieving sustainable development, noting that enhancing collaboration with Norwegian companies across key sectors will open new avenues for mutual economic growth between the two countries.

The UAE-Norway Investment Forum, taking place in Oslo, aimed to highlight available investment opportunities and strengthen trade relations between the UAE and Norway, fostering shared interests and supporting innovation and knowledge-based economic visions.

-wam

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At the Indonesia International Book Fair 2024, TRENDS inaugurates 10th global office, releases four books

As part of its Asian research tour, partnership with Aletihad News Center, and
primary sponsorship of the Indonesia International Book Fair 2024, TRENDS
Research & Advisory inaugurated its office in Jakarta, marking its 10th location
worldwide. It also released four books in Indonesian.
The inauguration event was attended by ambassadors of the UAE, Bahrain, and
Jordan to Indonesia, chairpersons of the UAE and Indonesian Publishers’
Associations, the Director of TRENDS’ Jakarta office, and a group of researchers
and academics.
Speaking at the event, Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS
Research & Advisory, stated that TRENDS’ international offices—set to reach 15
by the end of 2024—aim to enhance the Center’s research efforts and deepen its
role in disseminating knowledge, thus serving as a global knowledge bridge.
He emphasized, “At TRENDS, we believe in the importance of cooperation
between think tanks and prioritize this endeavor. We believe the TRENDS office in
Jakarta will enhance the exchange of knowledge and ideas between think tanks in
Asia and the Middle East, opening new horizons for collaboration in various
fields.”

Four books in Indonesian
As part of the Jakarta office’s inaugural activities, four books were released in
Indonesian, including the 11th and 12th books of the Muslim Brotherhood
Encyclopedia and Global Trends in AI and Automation and the Future of
Competition between Man and Machine: An Analytical Forward-looking Vision.

Hostility to Arab states
The 11th book of the Muslim Brotherhood Encyclopedia, The Concept of the State
According to the Muslim Brotherhood, highlights its hostile stance toward Arab
states since its inception. The group views them as an obstacle to its ascent to
power. It opposed the modern principles upon which these states were built,
considering them incompatible with the group’s unique interpretation of Islam,
which it claimed to embody exclusively.

Exclusion of nonconformists
The 12th book, The Muslim Brotherhood: Rejection of Tolerance and Exclusion of
Nonconformists, examines the Muslim Brotherhood’s stance towards
nonconformists, individuals, and entities. The book reveals the group’s binary view
of the world, categorizing others as allies or adversaries. It ties these relationships
to the Brotherhood’s internal power struggles and self-serving interests.

Global Trends in AI
The third book, Global Trends in AI, explores significant developments in AI and
its impact on various aspects of life, including the economy, society, and
governance. It also offers a comprehensive analysis of technological advancements
in AI, its applications across sectors, the ethical and social challenges it presents,
and its future trajectory.

Automation

The fourth book, Automation and the Future of Competition between Man and
Machine: An Analytical Forward-looking Vision, addresses the growing challenges
faced by the human workforce in the face of widespread automation and AI
applications. The book concludes that while automation presents a significant
challenge to the labor market, it simultaneously creates new opportunities. It
emphasizes the importance of preparing for this shift through skills development,
continuous education, and adopting economic and social policies that support the
workforce.

Prominent pavilion and active presence
The TRENDS’ pavilion at the Indonesia International Book Fair has attracted
numerous visitors, including academic researchers and officials, such as the
ambassadors of the UAE, Bahrain, Qatar, Jordan, and Turkey. Additionally,
chairpersons of Arab and Indonesian publishers’ associations, authors, publishers,
and students visited the pavilion. All were impressed with and praised TRENDS’ diverse, valuable publications. They also commended TRENDS’ active
international presence and ability to address global developments with rigorous
analytical research.
Dr. Mohammed Abdullah Al-Ali honored the esteemed guests, including
ambassadors of the UAE and Bahrain to Indonesia, Wedha Startesti Yudha,
Chairperson of the Indonesia International Book Fair Committee, Arys Hilman
Nugraha, Chairman of the Indonesian Publishers Association, and others,
presenting them with TRENDS’ publications and commemorative shields.
Additionally, he awarded TRENDS’ Research Medal to Ni Made Ayu Martini
Indonesian Deputy Minister of Marketing, Tourism and Creative Economy
It is worth noting that during its current Asian research tour, TRENDS announced
the launch of the TRENDS Research Medal, awarded to individuals who make
significant contributions to the development of scientific research and promote collaboration with TRENDS in strengthening a culture of research across various fields.

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US determined to prevent full-scale war in Middle East, Joe Biden tells UNGA79

US President Joe Biden highlighted the US Administration’s determination to prevent a wider war that engulfs the entire Middle East region, noting that a diplomatic solution “remains the only path to lasting security to allow the residents from both countries to return to their homes on the border safely”.

In remarks he made today before the 79th Session of the United Nations General Assembly (UNGA79), the US President said, “Full-scale war is not in anyone’s interest,” adding that a diplomatic solution is still possible.

He also touched on “the rise of violence against innocent Palestinians on the West Bank”, and the need to “set the conditions for a better future”, which he said featured “a two-state solution, where the world — where Israel enjoys security and peace and full recognition and normalised relations with all its neighbours, where Palestinians live in security, dignity, and self-determination in a state of their own”.

President Biden underscored the ceasefire and hostage deal put forth by Qatar and Egypt, which the UN Security Council endorsed. He said, “Now is the time for the parties to finalise its terms, bring the hostages home,” adding that this would help ease the suffering in Gaza, and end the war.

-WAM

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