BENGHAZI: Libya's Acting Oil Minister Omar Shakmak will resign and be replaced by the chairman of the state oil firm National Oil Corp. (NOC), Mustafa Sanallah.
Shakmak, a technocrat, told Reuters Prime Minister Abdullah Al-Thinni had informed him he would be replaced.
"I will abide by the decision because it is not a matter of job but it is Libya. We can serve Libya in different jobs," he told Reuters by phone.
NOC spokesman Mohammed El Hariri said Sanallah had been told he would take over Shakmak's job as deputy oil minister while remaining at the helm of the state firm.
Since there has been no oil minister for months Sanallah will effectively become acting oil minister.
The change at the top comes at a time when Libya's oil production has made a comeback after a year of protests and blockages at major fields and ports.
Output has risen to 562,000 barrels per day (bpd), NOC said, well above lows of barely 100,000 bpd seen a few months ago but still well short of previous production levels of about 1.4 million bpd.
"The production of the Libyan crude oil has begun to recover gradually and is expected to return to its previous status as it was at the end of the year, if the situation stabilizes in the different oil regions," Shakmak said.
But he said Libya was facing difficulties to return to markets after losing customers due to protests by various armed groups.
In a rare success for the government, a tanker started loading oil at top port Es Sider for the first time since the end of a year-long blockade by a group seeking autonomy in the east of Libya, NOC said.
Acting Libya oil minister to be replaced by NOC chairman
Acting Libya oil minister to be replaced by NOC chairman
RLC Global Forum highlights role of Saudi youth in retail digital shift
RIYADH: Saudi Arabia’s young and highly digital population is reshaping how the Kingdom’s retail sector adopts new technologies and artificial intelligence, advancing faster than many global competitors, industry leaders told Arab News.
Speaking on the sidelines of the RLC Global Forum in Riyadh, executives told Arab News that the intersection of a youthful population and strong investment in AI is driving a shift in the industry’s priorities.
From understanding consumer behavior to leveraging the Kingdom’s growing status as a global AI leader, Saudi Arabia is becoming as a unique destination for the retail sector to thrive, learn, and evolve in the digital sphere.
Abdullah Al-Tamimi, CEO of commercial real estate company Hamat Holding, told Arab News that the firm is keen to analyze and understand consumer behavior, with a particular focus on the younger generation as a key part of that insight.
“Actually, it’s a big part of our day-to-day operation,” he said, adding that the company invests heavily in understanding customer needs and behavior and works to correct any missteps.
Al-Tamimi emphasized paying close attention to small details, noting that younger consumers are especially sensitive to the overall experience and “deserve that we work around the clock in order to improve it.”
He added that this focus “can be a competitive advantage for Saudi Arabia as well.”
Al-Tamimi said that as the younger generation grows accustomed to new technology shaping retail customer experiences, Hamat Holding is leveraging AI to enhance them further.
“We started a couple of initiatives improving digitalization,” he said, adding that the company sees digital tools as a way to enhance its work by automating day-to-day operations and allowing teams to focus on bigger-picture and more complex tasks.
While the firm has expanded its use of technology, he stressed it has not replaced human workers, emphasizing the continued importance of human capital for creativity and interaction. “AI is a big part of our strategy,” Al-Tamimi added.
Amit Keswani Manghnani, chief omnichannel and AI officer at luxury goods retailer and distributor Chalhoub Group, told Arab News that bridging a younger customer base with continuous digital development is key to advancing the Kingdom’s retail strategies.
On Saudi Arabia’s demographics, he said: “We look at 2030 as really building products which serve especially the younger population, which is growing and very digitally savvy.”
Manghnani underscored the unique characteristics of the Kingdom’s retail market as a tool for developing effective products and customer experiences.
“So it’s very digitally savvy, much more than in other markets,” he said, noting that e-commerce penetration is rising not only through online purchases but also via digital catalogs that drive in-store visits.
Manghnani said investment is focused on making products more digitally accessible and easier to use, while strengthening customer service to meet the expectations of what he described as a demanding but welcome consumer base. “Service excellence, digital — all these things together are how we are tapping into the younger population, which again is extremely savvy.”
Manghnani reinforced Al-Tamimi’s point that the Kingdom holds a competitive advantage, citing the speed at which its retail and technology industries are aligning.
“As a market, we’re tending to see the adoption of digital,” he said, referring to AI, data and other forms of digital interaction, adding that these tools are increasingly being combined.
He noted that this market is moving “much quicker than the other markets.”
The two-day RLC Global Forum brought together more than 2,000 global leaders, policymakers, and innovators from over 40 countries over the two-day event to define the next chapter of growth across retail, consumer, and lifestyle industries.
