Arab forum targets illicit financial networks   

The Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units began on Wednesday in Riyadh. (AN photo by Huda Bashatah)
1 / 2
The Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units began on Wednesday in Riyadh. (AN photo by Huda Bashatah)
The Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units began on Wednesday in Riyadh. (AN photo by Huda Bashatah)
2 / 2
The Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units began on Wednesday in Riyadh. (AN photo by Huda Bashatah)
Short Url
Updated 15 May 2024
Follow

Arab forum targets illicit financial networks   

The Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units began on Wednesday in Riyadh.
  • The discussion is at the heart of Saudi Arabia’s endeavors to uphold the rule of law and promote fair competition between companies

RIYADH: The Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units began on Wednesday in Riyadh, hosted by Saudi Arabia’s Presidency of State Security, and discussed targeting illicit financial networks.   

Focusing on institutional frameworks and joint coordination between multiple parties, the discussion included global speakers: Jawhar Nfissi, president, National Financial Intelligence Authority in Morocco; Daniel Glaser, global head of jurisdictional services at K2 Integrity and head of its Washington, D.C. office; Elzbieta Frankow-Jaskiewicz, interim chair, Egmont Group of Financial Intelligence Units; Suliman Aljabrin, executive secretary, Middle East and North Africa Financial Action Task Force, Bahrain; Khadija Ali, head of the Financial Investigation Unit, Republic of Comoros; Mohamed Allal Al-Kahil, head of the Financial Prohibition Unit, Islamic Republic of Mauritania.  

The discussion, addressing anti-money laundering and countering the financing of terrorism, is at the heart of Saudi Arabia’s endeavors to uphold the rule of law, promote fair competition between companies, and achieve security and prosperity for all.   

The session provided discussions on reform paths for various local entities taking action to harmonize their legal frameworks with the requirements set by the Kingdom’s Anti-Money Laundering Permanent Committee to advance its broader national reform agenda.  

Elzbieta Frankow-Jaskiewicz, interim chair, Egmont Group of Financial Intelligence Units, talked about the firm’s efforts in fighting illicit financial networks.

“Many agencies use our technologies from private sectors and we work with our counterparts in Interpol, WCO, World Bank and G20,” Frankow-Jaskiewicz said during the panel discussion.   

Egmont Group is important to the global CFT (Combating the Financing of Terrorism) regime in many aspects, such as in international information-sharing and in their secured channels for exchanging information.   

“Using typologies that we developed over the course of these three years, we raise the operational effectiveness values; we enhance our FIU (Financial Intelligence Unit) capabilities in Egmont center and memberships,” she said. 

Since its founding, Egmont has assisted more than 190 jurisdictions by constructing a new learning platform and providing technical support for FIU. With nearly 7,000 registered users and 2011 courses already developed and launched, Khadija Ali, head, Financial Investigation Unit, Republic of Comoros, talked about the regulation measures the country has in place when receiving a report.

“We have to ask for information in order to obtain the suspicious transaction file as soon as the financial institutions submit it to us. Additionally, if required, it is a report to the prosecution. In order to effectively combat this, we also work and interact with individuals who are affected by it, including banks, attorneys, notaries, jewelers, anti-corruption advocates and other subject persons,” she said. 

“Not only must the government enact a new anti-corruption law, but it must also hire modern experts, the law against money laundering. This reveals the Comorian government’s dedication to fighting financial crime, and I would like to use this chance to praise this successful dedication. We have a system in place to fight money laundering and the funding of terrorism, which is implemented at the national level by a number of players, in line with the Comoros strategy,” she said.    

Suliman Aljabrin, executive secretary of the MENA financial action taskforce in Bahrain, said during the session that the banking industry was developing well.

“The banking industry in the Arab world is quite developed, though not in terms of the private sector or the organization that oversees, monitors and supervises it. This indicates that there is a compromise to be struck between the need to prevent money laundering and the funding of terrorists and maintaining financial confidentiality, which is the standard. It will serve as the first entry-point for the official system to be introduced and the money to be laundered,” he said. 

The challenge, according to K2 Integrity’s Daniel Glaser, has been how to take rules and regulations and make them effective for everyone, from the smallest countries to the US.   

“Not that they don’t have the framework, but how do you get the framework to be implemented? And that requires so many different things. It requires political will. It requires investment of resources, sometimes more than countries are willing to invest,” he said.

The head of Morocco’s national financial intelligence body, Jawhar Nfissi, said that creating a national institutional structure and making a firm political commitment were essential. Also, monitoring the reports was vital, as according to statistics, there has been a 200 percent increase in suspicion indicators in Morocco during the past five years.  

In light of international treaties, Mohamed Allal Al-Kahil, head of the Financial Prohibition Unit, Islamic Republic of Mauritania, emphasized the need for legislation to combat bribery and corruption, noting that current legislation falls short of the Financial Action Task Force’s recommendations. 


How Saudi Arabia is advancing clean combustion while meeting global energy demand

How Saudi Arabia is advancing clean combustion while meeting global energy demand
Updated 22 sec ago
Follow

How Saudi Arabia is advancing clean combustion while meeting global energy demand

How Saudi Arabia is advancing clean combustion while meeting global energy demand
  • Kingdom’s carbon capture initiatives are cutting emissions and boosting oil recovery, paving the way for a sustainable energy future
  • KAUST has partnered with major stakeholders like SEC, the Ministry of Energy, and NEOM to develop innovative carbon capture solutions

RIYADH: Saudi Arabia’s oil and gas industry is increasingly adopting carbon capture technologies to reduce industrial emissions while enhancing oil recovery. This approach addresses environmental concerns while supporting global demand for cleaner, more reliable energy.

Carbon capture technologies are methods to trap and store carbon dioxide — or CO2 — emissions before they reach the atmosphere, helping to reduce greenhouse gases from industrial processes, power plants and other sources.

As a leading oil producer, Saudi Arabia acknowledges its responsibility to combat climate change while maintaining energy security. Its efforts align with Vision 2030, which prioritizes economic diversification and reducing reliance on oil, paving the way to net-zero emissions by 2060.

And in line with this target, the Kingdom aims to reach 44 million tonnes per annum of carbon capture, use and storage capacity by 2035.

To this end, institutions such as the King Abdullah University of Science and Technology are making significant advancs in carbon capture and storage, driving innovation in sustainable energy solutions.

“Saudi Arabia’s investment in carbon capture technologies is driven by its Vision 2030 strategy, which aims to diversify its economy and reduce its reliance on oil,” William L. Roberts, a professor of mechanical engineering at KAUST and director of the Clean Combustion Research Center, told Arab News.

“Carbon capture enables Saudi Arabia to reduce emissions from its hydrocarbon sector while supporting global demand for cleaner, affordable, reliable energy.”

Opinion

This section contains relevant reference points, placed in (Opinion field)

KAUST has partnered with major industry stakeholders, including the Saudi Electricity Company, the Ministry of Energy and NEOM, to develop innovative carbon capture solutions, including a 30-tonne-per-day CO2 capture initiative at the Duba power plant.

The pilot project, launched in 2022, aims to capture 30 tonnes of CO2 daily from SEC’s Green Duba Integrated Solar Combined Cycle power plant at NEOM.

The integration of captured CO2 for enhanced oil recovery offers an important opportunity for the oil and gas sector. In this process, supercritical CO2 is injected into reservoirs, changing the physical properties of residual oil and making extraction easier.

This not only boosts production efficiency but also supports a more sustainable approach to energy extraction.

The Carbon Dioxide Enhanced Oil Recovery Demonstration Project at the Uthmaniyah oil field is a prime example of this technique. Located in the Eastern Province, the large-scale project captures and stores about 800,000 tonnes of CO2 annually from a natural gas production facility, with CO2 transported via a 85-km pipeline to the injection site.

Saudi Aramco's project at the Uthmaniyah oil field in Al-Ahsa captures and stores about 800,000 tonnes of CO2 annually from a natural gas production facility. (Aramco photo)

Roberts of KAUST stressed the importance of careful management in these projects. “Monitoring CO2 injection to prevent leakage and optimizing injection rates is crucial for balancing production efficiency with environmental safety,” he said.

And although the potential benefits of carbon capture are clear, the industry faces significant challenges, including high costs and scalability.

A 2025 study published in the Carbon Capture Science and Technology journal shows that the average CO2 capture cost is $69 per tonne, with significant variability across industries. Ammonia production is the most cost-efficient, at $11 per tonne, due to its high CO2 concentration, while smaller-scale operations can face costs as high as $189 per tonne.

Emphasizing the need for a collective effort to overcome challenges, Roberts said that “collaborative research and pilot projects help to drive innovation and enable scalable, economically viable solutions for industrial carbon capture applications.”

Looking ahead, further advances in carbon capture technologies are on the horizon.

KAUST’s cryogenic carbon capture project is a promising technology that removes CO2 at low temperatures, offering high efficiency and scalability. (KAUST photos)

KAUST’s research group is actively exploring cryogenic carbon capture, a promising technology that removes CO2 at low temperatures, offering high efficiency and scalability.

Roberts said that relying on a single technology would not be enough to meet ambitious environmental goals.

“A diverse portfolio of solutions — including cryogenic capture, direct air capture, advanced membranes and chemical absorption — will be necessary to address emissions across various sectors,” he said.

This approach will lead to more flexible, cost-effective and sustainable carbon capture solutions, significantly reducing CO2 emissions.

KAUST plays a crucial role in educating the next generation of engineers and scientists to advance carbon capture technologies. The university offers specialized programs in sustainability and carbon capture, equipping students with the skills needed to address key challenges in CO2 capture, storage and use.

DID YOU KNOW?

• Industrial sources are responsible for nearly 30 percent of global greenhouse gas emissions.

• Carbon capture can reduce up to 90 percent of CO2 emissions from industrial sources.

•. Saudi Arabia aims for 44 million tonnes of carbon capture, use and storage capacity a year by 2035.

Roberts said that a holistic approach was key to fostering innovation and ensuring the successful implementation of carbon capture solutions.

“While carbon capture is essential for reducing industrial emissions, it must be part of a broader, multi-technology strategy to meet global emissions reduction targets,” he said.

Roberts advises policymakers and industry leaders to “focus on a technology-driven approach that prioritizes scalability, efficiency and cost-effectiveness.”

As a leading oil producer, Saudi Arabia acknowledges its responsibility to combat climate change while maintaining energy security. (Aramco photo)

He also emphasized the need for investment in experimentation and predictive modeling to avoid potential pitfalls at large scale and called for continued support for research into innovative CO2 capture methods.

“There isn’t one answer, and we need to identify as many solutions as possible,” he said.

Roberts advocates using pilot projects as platforms to optimize technologies before large-scale implementation.

He stressed the need for collaboration between research institutions, industry and government to align policies with technological advancements.

In addition, he said that establishing clear regulatory frameworks that incentivized carbon capture deployment was crucial to making these technologies economically viable and integrating them into industrial practices.


 

 


Renowned Ramsi tomatoes still a staple on Saudi tables

Farmer Saeed Sulail is pictured here at a Ramsi tomato farm in Qatif. (AN photo by Hind Alkhunaizi)
Farmer Saeed Sulail is pictured here at a Ramsi tomato farm in Qatif. (AN photo by Hind Alkhunaizi)
Updated 07 February 2025
Follow

Renowned Ramsi tomatoes still a staple on Saudi tables

Farmer Saeed Sulail is pictured here at a Ramsi tomato farm in Qatif. (AN photo by Hind Alkhunaizi)
  • Local farmers have been growing the crop for centuries
  • Used in salads, stews, sauces, and the famous Kabsa dish

DHAHRAN: Nestled in the Eastern Province of the Kingdom, Qatif is celebrated for its fertile soil, inviting climate, and rich agricultural heritage.

One of the region’s most prized crops is the Ramsi tomato, which is native to Saudi Arabia.

It is also the main product of Mohammad Al-Ghawy’s Ramsi Tomato Farm, which spans 45,000 sq. meters in Al-Awamiyah and produces other seasonal delights including local watermelon and cantaloupe.

Ramsi tomatoes have been a staple in Qatif for centuries due to the region’s significant role as a major agricultural producer. (AN photo by Hind Alkhunaizi)

The succulent tomatoes are celebrated nationwide for their vibrant color, firm texture, and sweet-tangy flavor.

They are grown using traditional farming methods, which involve careful nurturing and attention to detail.

Saeed Sulail, a farmer from Qatif, told Arab News: “In terms of the harvest, the growing season lasts for more than three months, from December to the beginning of April.”

FASTFACTS

• The succulent tomatoes are celebrated nationwide for their vibrant color, firm texture, and sweet-tangy flavor.

• Despite their popularity, production faces challenges, including climate change, desertification, water scarcity, and soil degradation.

He added: “If we add the duration of planting seeds and nurseries (the greenhouses), it is approximately eight months. The soil in Qatif is enriched with nutrients and minerals that foster robust growth.”

He highlighted the importance of proper fertilization. “These are the industrial fertilizers that trees and plants need to grow well, but they must be in specific ratios for each stage of the plant’s life.”

The result of this labor of love is a delicious product packed with nutrients and antioxidants.

Ramsi tomatoes have been a staple in Qatif for centuries due to the region’s significant role as a major agricultural producer. Their popularity has spread throughout the Kingdom, making them a staple in many Saudi households.

Today, Qatif remains the primary producer of Ramsi tomatoes, with many local farms dedicating their land to their cultivation. Ramsi tomatoes hold a special place in Saudi culture, particularly during the summer months when they are in season.

They are often served as a refreshing side dish, sliced and dressed with olive oil, salt and pepper.

In many households, Ramsi tomatoes are used in traditional dishes including salads, stews and sauces, as well as the famous Saudi Arabia dish, Kabsa, which consists of meat, spices and vegetables.

Despite their popularity, production faces challenges, including climate change, desertification, water scarcity, and soil degradation.

Local farmers and authorities are working together to implement sustainable farming practices, such as drip irrigation and crop rotation.

 


Kiswa on display at Islamic Arts Biennale in Jeddah

Kiswa on display at Islamic Arts Biennale in Jeddah
Updated 07 February 2025
Follow

Kiswa on display at Islamic Arts Biennale in Jeddah

Kiswa on display at Islamic Arts Biennale in Jeddah
  • Offers unique perspective of Kiswa manufacture and phases of Islamic art over centuries

JEDDAH: The second edition of the Islamic Arts Biennale 2025, at King Abdul Aziz International Airport’s Western Hajj Terminal in Jeddah, is hosting a unique event where the Kaaba’s complete Kiswa is being displayed for the first time outside Makkah.

This exceptional experience at the biennale’s “Al-Bidaya” (The Beginning) section, offers visitors an opportunity to examine the aesthetics of Islamic craftsmanship, in particular the Kiswa’s gold and silver embroidery.

The display of the Kiswa is a part of the Diriyah Biennale Foundation’s efforts to promote awareness of the rich history and cultural legacy of Islamic art, the Saudi Press Agency reported recently.

The biennale offers an immersive journey in the making of the Kiswa, including the selection of the finest silk, hand-weaving, as well as the gold and silver embroidery. (SPA)

The biennale offers an immersive journey in the making of the Kiswa, including the selection of the finest silk, hand-weaving, as well as the gold and silver embroidery.

Additionally, the biennale is screening a film outlining the evolution of the Kiswa across different eras and the artistic techniques used in its ornamentation, narrating a story of innovation and dedication over centuries, the SPA reported.

It also has a selection of rare artifacts from Makkah and Madinah, alongside contemporary artworks that highlight the spiritual aspects of Islamic art.

The “Al-Bidaya” section offers an interactive experience that blends visual and auditory elements, through light shows and soundscapes, that unveil the symbolic meanings behind the Kiswa’s inscriptions and ornamentation.

The display of the Kiswa not only showcases its artistic beauty but also highlights Saudi Arabia’s leading role in serving the two holy mosques.

This show serves as a significant milestone in the exploration of Islamic art, spreading cultural awareness and deepening appreciation for the craftsmanship behind the making of the Kiswa, the SPA reported.

 


Saudi forces conclude military exercises

Prince Turki laid the foundation stone for the first expansion of the center. (SPA)
Prince Turki laid the foundation stone for the first expansion of the center. (SPA)
Updated 07 February 2025
Follow

Saudi forces conclude military exercises

Prince Turki laid the foundation stone for the first expansion of the center. (SPA)
  • Prince Turki highlighted that Crown Prince Mohammed bin Salman inaugurated the Air Warfare Center in 2019, with a vision to make it a world-class facility

RIYADH: The Commander of the Royal Saudi Air Force Lt. Gen. Prince Turki bin Bandar attended the closing ceremony of the “Victory Spears 2025” exercise at the Air Warfare Center in Dhahran on Thursday.

The exercise involved the Saudi Armed Forces, Ministry of National Guard, Presidency of State Security, National Cybersecurity Authority, and forces from 15 nations.

Prince Turki also laid the foundation stone for the first expansion of the center, the Saudi Press Agency reported.

The exercise included various air and maritime operations, demonstrating a high level of readiness in planning, preparation and execution by the armed forces, the SPA added.

Prince Turki highlighted that Crown Prince Mohammed bin Salman inaugurated the Air Warfare Center in 2019, with a vision to make it a world-class facility.

Prince Turki emphasized the inclusion of cyber warfare as a new dimension of the exercise, underscoring the air force’s commitment to developing the center.

He thanked Saud Arabia’s leadership for continuing to support initiatives that have enabled the Royal Saudi Air Force to achieve the highest levels of combat readiness.

 

 


Jazan honey festival attracts customers

Jazan honey festival attracts customers
Updated 07 February 2025
Follow

Jazan honey festival attracts customers

Jazan honey festival attracts customers
  • Visitors to the festival can choose from a wide variety of honeys, including sidr, qitad, salam, samra, doum, dhahyan, talh, marrar, majra, sahah and others

RIYADH: The 10th edition of the Jazan Honey Festival, held at the Cultural Center Square in Al-Edabi Governorate, gave local beekeepers the opportunity to display more than 50 tonnes of the finest honey varieties.

Organized by the Ministry of Environment, Water and Agriculture branch in the region in cooperation with Al-Edabi Governorate, the aim of the festival is to boost the local economy, develop the beekeeping and honey production sector, support the honey industry and preserve a long-standing profession in the region, the Saudi Press Agency reported.

Visitors to the festival can choose from a wide variety of honeys, including sidr, qitad, salam, samra, doum, dhahyan, talh, marrar, majra, sahah and others.

The region is renowned for producing about 15 types of honey throughout the year, with an annual production exceeding 1,000 tonnes.

The festival is one of the most important events of the Jazan Winter Season 2025, with honey sales exceeding SR12 million ($3.2 million) over the past nine editions.

The SPA reported that the festival will run until Nov. 11 and is expected to attract a large number of visitors and shoppers, with sales this season expected to exceed SR3.5 million.