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ENERGY-
Energy Minister, British counterpart talk renewables cooperation: Energy Minister Prince Abdel Aziz bin Salman mulled boosting cooperation with British Secretary of State for Energy Security and Net Zero Claire Coutinho in renewable energy and petrochemicals, a statement by the Energy Ministry read yesterday. They also discussed prospects for cooperation in developing clean hydrogen standards and regulations for carbon capture and storage.
CAPITAL MARKETS-
The Capital Market Authority approved the offering of SNB Capital SAR Multi-Asset Conservative Fund by SNB Capital, it said in a statement yesterday. It also gave a green light for the offering of Derayah Money Market Fund in SAR, it said in a separate statement. It did not provide further details on the offerings.
MINING-
A Saudi-Indian cooperation agreement for graphite mining was signed during the Saudi-India Business Forum, the Federation of Saudi Chambers said on X yesterday. No further details were provided. The forum saw the participation of 100 local and Indian companies, where they discussed potential investments in various fields.
TOURISM-
Paris-based hotel group Accor will open a Raffles hotel in Neom’s Trojena mountain resort, a statement by Neom read. The 105-key luxurious hotel will be built in one of the six distinct clusters that make up Trojena. It is slated to open its doors to visits in 2027.
Trojena? One of Neom’s latest developments, Trojena is a planned mountain destination that aims to become a year-round tourist destination with activities that include outdoor skiing, sports amenities, retail and dining facilities among others. It is slated to open in 2026.
