World should make immediate Gaza ceasefire a priority – Saudi foreign minister

Arab-Islamic Ministerial Committee holds press conference on Gaza ceasefire in Washington on December 8, 2023. (SPA)
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Updated 09 December 2023
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World should make immediate Gaza ceasefire a priority – Saudi foreign minister

  • Prince Faisal bin Farhan says that governments worldwide do not appear to see an immediate ceasefire as a priority
  • Arab-Islamic Ministerial Committee held joint press conference before meeting with US state secretary in Washington

WASHINGTON: There must be an immediate end to the fighting in Gaza but governments worldwide do not seem to see it as a priority, Saudi Arabia’s foreign minister said on Friday in Washington, adding that there must also be a credible roadmap to establish a Palestinian state.

At a joint press conference before meeting with US Secretary of State Antony Blinken, a group of foreign ministers said the focus should remain on stopping the fighting immediately in the Palestinian enclave between Hamas militants and the Israeli military.

“Our message is consistent and clear that we believe that it is absolutely necessary to end the fighting immediately,” Saudi Foreign Minister Prince Faisal bin Farhan said.

“One of the disturbing facts of this conflict is that ending the conflict and the fighting doesn’t seem to be the main priority for the international community,” he said.

“I certainly would hope that our partners in the US will do more... we certainly believe they can do more,” the Saudi minister added.

Humanitarian aid to civilians in Gaza needed to be significantly increased, he said, adding that it is “unacceptable” that aid “is being restricted and has been restricted” because of “bureaucratic obstacles.”

A UN Security Council vote on a demand for an immediate humanitarian cease-fire in the Israel-Hamas war was delayed by several hours on Friday until after Blinken’s planned meeting with Arab ministers and the foreign minister of Turkiye. The Arab-Islamic Ministerial Committee comprises ministers of Saudi Arabia, Egypt, Qatar, Jordan, the Palestinian Authority and Turkiye.

Jordanian Foreign Minister Ayman Safadi told the press conference that if the resolution fails on Friday, it would be giving a license to Israel “to continue with its massacre.”

“Our priority for now is to stop the war, stop the killing, stop the destruction of Gaza’s infrastructure,” he said.

“The message that’s being sent is that Israel is acting above international law ... and the world is simply not doing much. We disagree with the United States on its position vis-a-vis on the cease-fire,” he said.

“The solution is a cease-fire,” said Egyptian Foreign Minister Sameh Shoukry, while his Jordanian counterpart Ayman Safadi called putting an end to the fighting the number one priority.

“If the UN Security Council fails to adopt the resolution that is simply calling for humanitarian pauses, that is giving Israel a license to continue its massacre against civilians in Gaza,” he said.

Meanwhile, Palestinian President Mahmoud Abbas called for an immediate end to the war in Gaza and said an international peace conference should be called to work out a lasting political solution leading to the establishment of a Palestinian state.

(With Reuters and AFP)


Saudi Arabia looks to become carbon trading hub for Global South

Updated 13 December 2025
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Saudi Arabia looks to become carbon trading hub for Global South

  • Kingdom eyes partnerships with Asian companies

TOKYO: Saudi Arabia is looking to become a carbon trading hub for the Global South and is eyeing partnerships with Asian companies to trade on its exchange, Japan’s Nikkei newspaper has reported.

Saudi Arabia’s Voluntary Carbon Market recently signed a memorandum of understanding with Japanese trading house Marubeni “for collaboration on carbon markets,” and has also linked up with Climate Bridge International, a Singapore-headquartered carbon finance company, as an advisory partner.

Fadi Saadeh, acting CEO of Saudi Arabia’s Voluntary Carbon Market company, said it was important for Saudi Arabia to have a market to trade carbon credits that arise from the phasing out of coal.

A carbon credit represents a tonne of CO2 or CO2-equivalent greenhouse gases reduced or removed by verified projects like reforestation or carbon removal schemes. In the voluntary carbon market, companies can buy the credits to offset their emissions to meet their net-zero goals, while the sellers of the credits can use the funds received to invest in more green projects.

VCM was set up in 2022 by Saudi Arabia’s Public Investment Fund and the Saudi Tadawul Group, the country's exchange operator.

Saadeh said VCM was geographically well located to capture demand from the Global South and could leverage existing relationships and investments that companies like Saudi Aramco have forged over the years.

“In Saudi Arabia three years ago there were zero project developers for carbon credits,” Saadeh said. “Today, because of VCM and the ecosystem around the world, we have more than 25 project developers in Saudi Arabia.” He added that the energy transition would take time.