MUST-READS

• Saudi Arabia introduces clean diesel and gasoline fuels in Kingdom’s market

  The Ministry of Energy said that the introduction of these two fuels comes as part of the Kingdom’s efforts to reduce emissions and reach net zero in 2060 through the application of the circular carbon economy approach. The report added that the launch of these resources would encourage car manufacturers to introduce the latest energy-efficient vehicle technologies to the Kingdom.

• Ukraine’s Zelenskyy arrives in Saudi Arabia seeking support for peace plan

  Ukrainian President Volodymyr Zelenskyy landed in Saudi Arabia on Tuesday as he sought funds and support for his peace plan to end the two-year war and a deal to secure the return of prisoners of war from Russia. Saudi Arabia has ties with both Moscow and Kyiv and has played an important role in mediating previous prisoner swaps between the two sides. Mr Zelenskyy said on X, formerly Twitter, that Ukraine continued to "rely on Saudi Arabia's ongoing active support" in pushing forward his "Peace Formula" to end the war, which entered its third year at the weekend.

• Saudi Aramco signs supply agreements worth $6 billion

  Saudi state oil company Aramco (2222.SE), opens new tab has signed procurement agreements worth $6 billion with local vendors, widening its domestic supply base. "The 40 new agreements signed today are expected to contribute to the domestic value chain, and further enhance the ecosystem that Aramco is helping to build", it said in a statement. The agreements span the supply of a range of products comprising strategic commodities, such as instrumentation, and electrical and drilling equipmen

• Saudi Arabia launches Euro 5 clean petrol and diesel in the market

  The Saudi Ministry of Energy announced on Tuesday the completion of its launch of Euro 5 clean petrol and diesel in the Kingdom’s markets, to replace the petrol and diesel fuels that were existing in the market. The ministry stated that the two new fuels, like the earlier ones, are suitable for all means of transportation, and that the change aims to provide highly efficient, low-emission fuel that contributes to preserving the environment and achieving the goals of the Kingdom’s Vision 2030.

• Saudi container line Folk Maritime launched

  Folk Maritime is headquartered in Riyadh and will offer feeder services and short sea shipping in the Middle East, supporting the Kingdom’s aspirations in the logistics sector. Folk Maritime CEO Hestbaek was formerly chief executive of Hamburg Sud and his last responsibility in a career spanning two decades at the container line was the brand integration of Hamburg Sud into Maersk. He left Maersk in mid-2023.

• What’s Next For Tourism in Saudi Arabia

  In the final Skift Travel Spotlight dispatch from World Travel Market in London, Skift speaks with Niall Gibbons, NEOM's Head of Tourism, about what’s on the horizon for travel and tourism in Saudi Arabia.

• I love coffeeshop culture in Saudi Arabia

  There are so many cafés with unique design, the best matcha late and they’re often open till midnight or even later. For people like me - night owls, writers, thinkers and lovers of night strolls, this is perfect!

• Biotechnology solution could be key to unlocking Saudi food security

  Scientists at King Abdullah University of Science and Technology (KAUST) have devised new techniques that can produce nutritious microalgae in industrial volumes, which could interest countries looking to diversify themselves off imported feed products and promote domestic food security. Algae is recognised as a superfood that can be grown cheaply with just sunshine, carbon dioxide and water. However, cultivation at scale is difficult meaning its potential has yet to be realized. Scientists working at KAUST’s new Saudi Center for Algal Biotechnology Development and Aquaculture, have developed their own Spirulina​ and Chlorella​ strains of algae which is uniquely adapted to seawater. The innovation dispenses with the need for freshwater and makes the production of livestock feed cultivated from algae sustainable and economically viable.

• Zelenskyy in Saudi Arabia to push for peace, POW deal with Russia

  Ukrainian President Volodymyr Zelenskyy has held talks in Saudi Arabia with the Crown Prince Mohammed bin Salman (MBS) in an attempt to push for an end to the invasion of Ukraine and the return of prisoners of war from Russia. A statement on Zelenskyy’s website said the two men discussed a Ukrainian plan to end the conflict, and said that the president had thanked MBS for his mediation role.

• Exclusive: Prince Khaled bin Alwaleed reveals new investments in fusion technology and DTC startups, urges more VC funding for sustainability tech

  “What inspires a lot of confidence in me is founders that know their market, their competition, their numbers,” he added. Prince Khaled stressed the significance of a robust understanding of the market, competition and financial metrics. Founders who demonstrate a deep knowledge of these aspects inspire confidence and are more likely to secure KBW Ventures’ backing. One company that impressed Prince Khaled was —A Dozen Cousins, a natural food brand specialising in authentic Creole, Caribbean and Latino-inspired dishes, founded by CEO Ibraheem Basir. The company’s brand narrative is influenced by Basir’s childhood spent in the culinary melting pot of Brooklyn and is named after his daughter and her 11 cousins. Basir met Prince Khaled at InFlavour, a leading B2B food event hosted by Tahaluf in partnership with the Saudi Ministry of Environment, Water and Agriculture (MEWA). A Dozen Cousins won in the conference’s startup competition, with Prince Khaled participating as a judge.

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