Nations reach accord to protect marine life on high seas

The UN Convention on the Law of the Sea came into force in 1994, before marine biodiversity was a well-established concept. AP
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Updated 05 March 2023
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Nations reach accord to protect marine life on high seas

WASHINGTON: For the first time, UN members have agreed on a unified treaty to protect biodiversity in the high seas — nearly half the planet’s surface — concluding two weeks of talks in New York.

The UN Convention on the Law of the Sea came into force in 1994, before marine biodiversity was a well-established concept.

An updated framework to protect marine life in the regions outside national boundary waters, known as the high seas, had been in discussions for more than 20 years, but previous efforts to reach an agreement had repeatedly stalled. The unified agreement treaty was reached late Saturday.

“We only really have two major global commons — the atmosphere and the oceans,” said Georgetown marine biologist Rebecca Helm. While the oceans may draw less attention, “protecting this half of earth’s surface is absolutely critical to the health of our planet.”

Now that long-awaited treaty text has been finalized, Nichola Clark, an oceans expert at the Pew Charitable Trusts who observed the talks in New York, said, “This is a once in a generation opportunity to protect the oceans — a major win for biodiversity.”

The treaty will create a new body to manage conservation of ocean life and establish marine protected areas in the high seas. And Clark said that's critical to achieve the UN Biodiversity Conference’s recent pledge to protect 30 percent of the planet’s waters, as well as its land, for conservation.

The treaty also establishes ground rules for conducting environmental impact assessments for commercial activities in the oceans.

“It means all activities planned for the high seas need to be looked at, though not all will go through a full assessment,” said Jessica Battle, an oceans governance expert at the Worldwide Fund for Nature.

Many marine species — including dolphins, whales, sea turtles and many fish — make long annual migrations, crossing national borders and the high seas. Efforts to protect them — and human communities that rely on fishing or tourism related to marine life — have previously been hampered by a confusing patchwork of laws.

“This treaty will help to knit together the different regional treaties to be able to address threats and concerns across species’ ranges,” said Battle.

That protection also helps coastal biodiversity and economies, said Gladys Martínez de Lemos, executive director of the nonprofit Interamerican Association for Environmental Defense focusing on environmental issues across Latin America.

“Governments have taken an important step that strengthens the legal protection of two-thirds of the ocean and with it marine biodiversity and the livelihoods of coastal communities,” she said.

The question now is how well the ambitious treaty will be implemented.

The high seas have long suffered exploitation due to commercial fishing and mining, as well as pollution from chemicals and plastics. The new agreement is about “acknowledging that the ocean is not a limitless resource, and it requires global cooperation to use the ocean sustainably,” said Malin Pinsky, a biologist at Rutgers University.


Closing Bell: Saudi main index rises to close at 11,251 

Updated 12 February 2026
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Closing Bell: Saudi main index rises to close at 11,251 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 84.27 points, or 0.75 percent, to close at 11,251.81. 

The total trading turnover of the benchmark index was SR5.38 billion ($1.43 billion), as 188 of the stocks advanced and 67 retreated.    

Similarly, the Kingdom’s parallel market Nomu gained 157.22 points, or 0.67 percent, to close at 23,643.74. This comes as 44 of the stocks advanced while 32 retreated.    

The MSCI Tadawul Index gained 10.88 points, or 0.72 percent, to close at 1,517.43.     

The best-performing stock of the day was Saudi Kayan Petrochemical Co., whose share price surged 9.96 percent to SR5.30.   

Other top performers included Ataa Educational Co., whose share price rose 9.94 percent to SR57.50, as well as Rabigh Refining and Petrochemical Co., whose share price surged 5.74 percent to SR7.55. 

Saudia Dairy and Foodstuff Co. recorded the most significant drop, falling 5.93 percent to SR220.50. 

Abdullah Saad Mohammed Abo Moati for Bookstores Co. also saw its stock prices fall 2.77 percent to SR43.56. 

Zahrat Al Waha for Trading Co. also saw its stock prices decline 2.30 percent to SR2.55. 

On the announcement front, Multi Business Group Co. reported its annual financial results for the year ended Dec. 31. According to a Tadawul statement, the firm recorded a net profit of SR352,172 during the year, down 98 percent from the previous year. 

The company attributed the decline primarily to a 2 percent drop in building contracting revenues and a 73 percent decrease in gross profit.  

Multi Business Group Co. ended the session at SR9.90, down 1 percent. 

Hamad Mohammed Bin Saedan Real Estate Co. announced the signing of a memorandum of understanding with Saudi Awwal Bank to enhance collaboration in financing solutions, advance real estate development projects, and expand access to customer financing programs. 

Hamad Mohammed Bin Saedan Real Estate Co. ended the session at SR6.67, up 1.21 percent.