King Abdulaziz Library, ALECSO sign agreement to share knowledge

The agreement was signed by the Supervisor General of King Abdulaziz Public Library (KAPL) Faisal bin Muammar, right, and the Director-General of ALECSO Mohamed Ould Amar. (Supplied)
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Updated 30 January 2024
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King Abdulaziz Library, ALECSO sign agreement to share knowledge

  • Agreement aims to disseminate knowledge and culture across Arab world through library’s projects and programs
  • Part of Kingdom’s initiative to develop joint and sustainable work

RIYADH: The King Abdulaziz Public Library signed an agreement with the Arab League Educational, Cultural and Scientific Organization on the sidelines of the recently concluded ALECSO Forum for Business and Partnerships in Tunis, aiming to disseminate knowledge and culture across the Arab world through the library’s projects and programs.

This comes as part of the Kingdom’s initiative to develop joint and sustainable work.

The agreement, which was signed by the library’s general supervisor, Faisal bin Muammar, and ALECSO Director General Mohamed Ould Amar, focused on boosting collaboration to offer programs and projects.

These include a podcast titled “Translation and Artificial Intelligence: A Journey into the World of Machine Translation” featuring experts in the fields of translation, AI and emerging technologies.

Additionally, it involves presenting a program on the unified Arab glossary, by organizing training courses focused on information management and offering paper books to the most needy libraries in the Arab world.

Additionally, the agreement includes cooperation to provide programs on virtual exhibitions by showcasing numerous exhibitions, including the Arab calligraphy, Islamic coins and rare currencies and rare Qur’an manuscripts exhibitions, among others.

It also stipulates the organization of the remote “Their Experiences with Reading” Forum, which aims to hold open discussions to present successful Arab experiences that were influenced by reading.

ALECSO Forum for Business and Partnerships is a Saudi initiative launched by the organization’s executive council in its 119th session. It is the first forum in the organization’s history since its inception 53 years ago and the first of its kind in the framework of similar regional and international organizations.


Saudi Arabia looks to become carbon trading hub for Global South

Updated 6 sec ago
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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.