Day: May 23, 2023

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JETEX INTRODUCES SUSTAINABLE AVIATION FUEL BOOK & CLAIM

Jetex signs a milestone agreement with 360 Jet Fuel Ltd. to offer sustainable aviation fuel (SAF) book and claim option to its customers globally. Through the innovative 360 GREEN FUEL book and claim platform, Jetex aims to offer greater flexibility and accessibility to SAF.

Dubai, United Arab Emirates, May 23, 2023 (GLOBE NEWSWIRE) — Jetex entered in an agreement with 360 Jet Fuel Ltd. to offer its customers more flexibility and wider access to sustainable aviation fuel (SAF).

SAF is a liquid fuel currently used in commercial aviation which reduces CO2 emissions by up to 80%. It can be produced from a number of sources including waste oil and fats, green and municipal waste and non-food crops. It can also be produced synthetically via a process that captures carbon directly from the air.

Part of what makes SAF sustainable is ensuring sustainability in its supply chain. Transporting SAF to a specific airport or flight is not always possible and could lead to higher greenhouse gas emissions. The Book & Claim system provides a solution for these situations.

The new 360 GREEN FUEL book & claim system allows Jetex customers to source SAF based on their total aviation footprint in one transaction, rather than sourcing through each location individually. This means that SAF can be sourced for flights out of airports that do not have SAF supply available.

Sourcing SAF on a Book & Claim basis will allow purchasing any volume of SAF, including 100% of fuel needs or a carbon neutral scenario, without technical limitations such as blending limits.

Jetex customers will be able to claim the C02 emission reduction they achieved by the amount of fossil fuel replaced with SAF acquired They will receive a certificate specifying the amount of SAF purchased and an audited statement outlining the corresponding CO2 reduction. This documentation can be utilized for sustainability reporting purposes.

To ensure credibility and verifiable emission reductions, 360 Jet Fuel sources physical SAF quantities from ISCC+ certified suppliers, guaranteeing full traceability of the claimed amounts, and ensures delivery to an airline partner within the aviation sector. The solution provided by 360 Jet Fuel undergoes rigorous third-party auditing, ensuring traceability to each delivery batch and eliminating any doubts of double claiming.

The new agreement takes Jetex a step closer to being fully carbon-neutral globally and is aligned with IATA’s commitment to achieving 65% SAF share by 2050.

Click here to see Adel Mardini, Founder & CEO of Jetex, on progressing the sustainability agenda.

About Jetex:
An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit www.jetex.com and follow us on Instagram, Twitter, Facebook, and LinkedIn.

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Oleg Kafarov - Director of Portfolio Development & Corporate Communications
Jetex
+971 4 212 4900
teamorange@jetex.com

GlobeNewswire Distribution ID 8844534

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AFC President: Saudi Arabia is Capable of Hosting World Cup at Right Time

The President of the Asian Football Confederation (AFC), Sheikh Salman bin Ibrahim Al Khalifa of Bahrain, expressed confidence in the Kingdom of Saudi Arabia's ability to host the FIFA World Cup. He stated that the bid to host the prestigious tournament in Asia has to be submitted at the "right time" in 2030 or 2034.

In remarks to journalists on the sidelines of his visit to Beirut, Al Khalifa said, "Saudi Arabia is coming strong. We are coordinating with the continental federations and FIFA to host the World Cup in 2030 or 2034 in agreement with everyone. When the bid is submitted, we want to ensure it is at least 90 percent successful."

"The Kingdom can host a similar competition, but we have to choose the right time in 2030 or 2034 according to circumstances and chances of success. We, at the Asian Federation, have 47 votes while winning the right to host World Cup requires 110 votes. We need support from other continents," he said.

"We are coordinating the right time to host the tournament either in 2030 or 2034. We are keen on ensuring success for the Saudi bid," Al Khalifah concluded.

Source: Saudi Press Agency

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Al-Falih Chairs First Meeting of Saudi-Qatari Investment, Energy, Infrastructure Committee

The Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, chaired yesterday the Saudi side in the first meeting of the Investment, Energy, and Infrastructure Committee emanating from the Saudi-Qatari Coordination Council.

CEO of Qatar Investment Authority (QIA) Mansoor bin Ebrahim Al Mahmoud chaired the Qatari side at the meeting, which was held in Doha with the participation of several representatives of the government and private sectors.

The meeting sought to discuss issues related to enhancing cooperation in various fields between the two brotherly countries.

The meeting also reviewed the most prominent developments of the initiatives within the committee's work and the task forces' efforts to achieve more integration between the two brotherly countries.

Moreover, the participants held discussions on a number of topics that aim to strengthen the bilateral relations and provide the required support to develop investments.

The two sides also highlighted the importance of boosting investment exchange between the Kingdom of Saudi Arabia and the State of Qatar through qualitative projects in vital sectors to provide a safe investment environment for investors in the two countries.

Meanwhile, Minister Al-Falih also met with Qatar Minister of Commerce and Industry Sheikh Mohammed bin Hamad Al-Thani.

During the meeting, the ministers discussed several issues related to enhancing economic cooperation, investments, and integration in the aspects of mutual concern in a way that serves the aspirations of the two leaderships.

The Investment Minister also participated in a session dubbed "Reengineering Globalization" as part of the Qatar Economic Forum held in Doha from May 23-25.

On the sidelines of the forum, Minister Al-Falih held a series of bilateral meetings with government and private sectors representatives, where he discussed investment partnership between the two brotherly countries.

Source: Saudi Press Agency

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Jizan Border Guard Foils Attempt to Smuggle 150 Kg of Khat

The land patrols of the General Directorate of Border Guard have foiled an attempt to smuggle 150 kg of khat in Jizan. The seized narcotics were handed over to the competent authority, and preliminary legal procedures were completed.

Security agencies are calling on the public to report any information concerning drug smuggling or trafficking by calling 911 in Makkah, Riyadh, and the Eastern regions and 999 in the rest of the Kingdom's regions.

Source: Saudi Press Agency

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The National Center of Meteorology (NCM) has issued its daily forecast report for the weather in the Kingdom of Saudi Arabia.

The NCM report that medium to heavy thunderstorms continue to rain, leading to torrential rains, accompanied by showers of hail and active winds that raise dust and dust, limiting the horizontal visibility in parts of the regions of Najran, Jazan, Asir, Al-Baha, and the heights of Makkah. It is also expected that thunderstorms, preceded by active winds and raised dust, will limit the horizontal visibility in parts of the regions of Riyadh, Al Sharqiya, Hail, Al Qassim, Tabuk, Al Jawf, and the Northern Borders; sporadic rains are not excluded in parts of Madinah.

The report indicated that the movement of surface winds on the Red Sea is southwesterly to northwesterly at a speed of 15-30 km/h and reaches more than 40 km/h, with thunderstorms raining on the southern part, and wave heights from half a meter to one meter up to two meters with clouds, thundery rain in the south part. The state of the sea is light waves and wavy, with thunderstorm clouds in the southern area.

The report added that surface winds over the Arabian Gulf would be northwesterly to northeasterly, at a movement of surface winds over the Arabian Gulf will be northwesterly northeasterly, at a speed of 12-30 km/h, with wave height from half a meter to a meter, and the sea state will be light, wave height from half a meter to a meter. The sea state will be light waves.

Source: Saudi Press Agency

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GCC Secretary-General Says Council Interested in Strengthening Cooperation with IAEA

Secretary-General of the Gulf Cooperation Council (GCC) Jassim Muhammad Al-Budaiwi met in Vienna today Deputy Director-General and Head of the Department of Safeguards at the International Atomic Energy Agency (IAEA) Massimo Aparo.

Al-Budaiwi confirmed the GCC's interest in strengthening cooperation with the IAEA, and discussed with Aparo ways in which GCC countries may be supported in the search for peaceful use of nuclear technology.

The two officials also discussed nuclear energy programs in the Middle East and ways the GCC countries can benefit from the IAEA's global network in nuclear safety and security.

Source: Saudi Press Agency

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OIL PRICES RISE ON OUTLOOK FOR HIGHER GASOLINE DEMAND, TIGHTER SUPPLY

NNA - Oil prices climbed for a second day on Tuesday as investors expect a tighter market led by a seasonal rise in gasoline demand and supply cuts from OPEC+ producers, though concerns over the risk of a U.S. debt default capped gains Brent crude futures rose 20 cents, or 0.3%, to $76.19 a barrel by 0052 GMT while U.S. West Texas Intermediate (WTI) crude was at $72.26 a barrel, up 21 cents, or 0.3%. Brent rose 0.5% on Monday, while WTI gained 0.6%, amid a 2.8% increase in U.S. gasoline futures ahead of the Memorial Day holiday on May 29 that traditionally marks the start of the peak summer fuel demand season. "Oil prices are consolidating their bottoms, helped by a seasonal increase in U.S. gasoline demand from next week, production cuts by OPEC+ from this month and planned U.S. purchases to refill the Strategic Petroleum Reserve (SPR)," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities. "But worries over the U.S. debt ceiling talks and a possible further hike in U.S. interest rates limited gains," he said. Last week, the U.S. Department of Energy said it would buy 3 million barrels of crude oil to replenish the SPR for delivery in August. Voluntary production cuts by the Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, that went into effect this month are also expected to keep oil markets tight. Goldman Sachs analysts said in a report on Monday that they "expect sustained (oil supply) deficits from June as OPEC+ production cuts fully realize and demand rises further." Asia will lead much of that oil demand growth, adding about around 2 million barrels per day (bpd) of consumption in the second half of the year, a Vitol executive said on Monday. Still, investors are also focused on negotiations to raise the debt limit of the U.S., the world's biggest oil consumer. President Joe Biden and House Speaker Kevin McCarthy ended discussions on Monday with no agreement on how to raise the U.S. government's $31.4 trillion debt ceiling and will keep talking with just 10 days before a possible default. A U.S. default would likely sparking chaos in financial markets and a spike in interest rates, impacting fuel demand growth both domestically and globally.-Economic Times

Source: National News Agency - Lebanon

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JOINT PARLIAMENTARY COMMITTEES’ SESSION KICKS OFF

The joint Parliamentary Committees' session kicked off on Tuesday under the chairmanship of Deputy House Speaker, Elias Bou Saab, to study 3 law proposals: amending articles in the Penal Code (the prison year), the International Monetary and Credit Law, establishing the Central Bank, and initiating the implementation of the comprehensive basic income system (the Citizen's Dignity Law).

Source: National News Agency - Lebanon

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ACTIVITIES OF “BEIRUT THE CAPITAL OF ARAB MEDIA” KICK OFF TUESDAY EVENING

The activities of 'Beirut the Capital of Arab Media', which had been originally scheduled for February 23/24, 2023, will kick off at the Middle East Aviation Center at 6:00 pm on Tuesday, after Caretaker Minister of Information, Ziad Makary, had decided to postpone them - in agreement with the League of Arab States - in light of the devastating earthquake that struck Syria and Turkey back in February. The Arab and Lebanese media outlets attached great importance to this event and asked Minister Makary about its significance. In an interview with Egyptian newspaper "Al-Ahram", Makary described Beirut 'as a capital like no other - with its people, land, buildings, and streets. Lebanon's message through this choice is that it is a country that does never dies; its people never surrender. Beirut has always been a source of inspiration and struggle." Moreover, Makary pointed to ongoing coordination between Arab countries in the media field, disclosing the launch of an 11-item document marking the occasion. 'This document is devoted to media and Arab issues, with the aim of bolstering cooperation among Arab media outlets in support of common causes,' Makary explained. The Minister of Information also stressed in an interview with 'Al-Quds Al-Arabi' the importance of this celebration, 'which will be held amidst the most difficult financial challenges that Lebanon endures. It will be an opportunity to highlight Beirut's pioneering and advanced media role." Furthermore, 'Akhbar Al-Yawm News Agency' wrote: 'It is a positive challenge for Beirut, which never accepts defeat,' Minister Makary told his visitors, stressing that 'no matter how harsh the circumstances, Beirut shall ever remain the capital of freedoms and the mother of laws.' The opening ceremony of this event will take place under the auspices of Caretaker Prime Minister, Najib Mikati, and in the presence of the Assistant Secretary of the League of Arab States, Ambassador Ahmed Rashid Khattabi. A documentary about old Beirut, prepared by Tele Lebanon, will be streamed along with another short film during the opening ceremony. The idea of choosing 'a capital for Arab media' was launched by the Council of Arab Information Ministers during its 47th regular session back in 2016, with the aim of shedding light on national media work within member states. The first year, Jerusalem won the title to became the first capital of Arab media. Baghdad won the title in 2017, Riyadh in 2018, and Dubai in 2020.

Source: National News Agency - Lebanon

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MIKATI WELCOMES UNIFIL’S LAZARO, DISCUSSES ENVIRONMENTAL AFFAIRS WITH YASSIN

Caretaker Prime Minister, Najib Mikati, on Tuesday met with UNIFIL Commander, General Aroldo Lázaro, who visited him with an accompanying delegation, in the presence of Mikati's diplomatic advisor, Ambassador Boutros Asaker. The Prime Minister separately welcomed at the Grand Serail, Environment Minister, Nasser Yassin, with whom he discussed an array of environmental affairs. In the wake of the meeting, Yassin said, "As we get closer to World Environment Day on June 5, I've seized to occasion to discuss three basic issues with the PM. First, the issue of solid waste. I've briefed the PM on all that has been achieved in terms of planning to improve solid waste management, the current cooperation with the World Bank, and what is required of the Lebanese government and municipalities in this regard. As for the second issue, it's that of sanitation; we will soon announce a cooperation agreement with the European Union and UNICEF to operate a large number of sewage plants in Lebanon. The third issue is about air quality, as air pollution has increased dramatically in the current period due to the use of generators, and this is very harmful to people's health. Consequently, I will issue a decision to install filters in all generators, especially larger ones that are above 60 KVA.'

Source: National News Agency - Lebanon