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Transaction, first announced in September 2023, represents Aramco’s first downstream retail investment in South America.
Saudi Aramco successfully completed the acquisition of a 100 percent equity stake in Chile’s Esmax Distribucion, a leading diversified downstream fuels and lubricants retailer, it was announced on Friday.
Esmax has a national presence that includes retail fuel stations, airport operations, fuel distribution terminals and a lubricant blending plant.
The transaction, which was first announced in September 2023, represented Aramco’s first downstream retail investment in South America, illustrating the attractiveness of this market, and supports the Saudi company’s strategic goal to strengthen its downstream value chain.
“We are delighted to conclude the acquisition of Esmax and look forward to working with the outstanding team on the ground in Chile to achieve our shared ambitions,” Yasser Mufti, Aramco executive vice president of products & customers, said.
“Aramco aims to be a primary global retail player and this deal combines our high quality products and services, including Valvoline lubricants, with the experience and quality of an established operator in Chile.”
source/content: arabnews.com (headline edited)
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Pictured at the transaction closing are Southern Cross Group Partner Raul Sotomayor, front left, and Aramco Europe President & CEO Mazin Dabbagh, front right. Back row, from left, are Southern Cross Group Partner Jaime Besa, Aramco Vice-President of Retail and Esmax Chairman Ziyad Juraifani, and Aramco International Retail Director Nader Al Douhan. (Aramco)
• 2023 Gulf Air Bahrain Grand Prix wins Event Innovation Award at F1 Promoter Awards in London, which recognises exceptional achievements of Formula 1 venues across the world.
• Award recognized several key innovations at Bahrain International Circuit, including the establishment of an industry-leading solar facility.
The 2023 Formula 1 Gulf Air Bahrain Grand Prix has won The Event Innovation Award at the F1 Promoter Awards in London. The ceremony recognizes key achievements of F1 venues across the world, with Bahrain picking up the award for a number of industry-leading innovations over the last twelve months. These included key sustainability initiatives as well as technology developments in areas including race control and traffic management.
The awards themselves are arranged and judged by Formula 1, the commercial rights holder of the sport. Categories are open to all Formula 1 venues from across the world, with a shortlist of three circuits announced in advance of the awards ceremony. Arif Rahimi, Chairman of Bahrain International Circuit, collected the award on behalf of BIC, which was presented by F1’s Chief Commercial Officer, Emily Prazer. The awards ceremony was attended by other senior BIC management, as well as Formula 1 promoters and partners from around the world.
The Event Innovation award was presented to the F1 venue which demonstrated the most significant innovation in their event delivery, commercial product offering or infrastructure. Announcing The 2023 Gulf Air Bahrain Grand Prix as the overall winner, the judges recognized several key innovations at BIC, including:
• BIC’s industry-leading solar production facility: In its first year of operation the solar park at BIC produced over 5 million KWH of clean energy, enough renewable energy to cover all the usage for F1 with significant capacity to spare, the equivalent of offsetting 3,108 tonnes of carbon.
• Innovative energy saving measures: In 2023, BIC undertook a number of measures to reduce energy consumption. This has included a new building management system that efficiently monitors and manages light and air conditioning provision, an upgrade to more efficient air conditioning chillers and the replacement of all street and building lighting to LED lights. BIC’s combined energy saving measures saved over 30% in energy use over the year.
• Innovative technology in race control: In 2023, BIC installed a first of a kind system in the world that links flag digital panels on track to cameras in race control – with the specific camera automatically highlighting the relevant flagged area of the circuit. This saves officials in race control crucial time when looking into incidents.
• Digitalization: BIC introduced digitalized directional signage for fans coming into the circuit, enabling better proactive and efficient management of traffic, which reduced overall traffic queues and alleviated the need for printing materials for temporary signs.
Eight community partnership leaders have received the 11th Princess Seetah bint Abdulaziz Award for Excellence in Social Work.
Minister of Human Resources and Social Development Ahmed Al-Rajhi announced the winners of the prestigious Saudi accolade in Riyadh on Tuesday.
Established in 2012 by royal decree, the Princess Seetah bint Abdulaziz Foundation for Excellence in Social Work encourages and supports community upliftment programs.
The award aims to encourage competition among pioneers of social work, and to support excellence in social work both locally and internationally.
A total of 1,177 candidates applied for the 11th award. Among them, 95 advanced to the scientific evaluation stage, and 15 to the final judging stage. Following thorough screening and field visits for each candidate, the judging committee selected eight winners.
Al-Rajhi, chairman of the board of the foundation, praised the award, highlighting its societal value and pioneering role and alignment with the ministry’s objectives for community development, national initiatives and innovation.
Princess Nouf bint Abdullah bin Saud Al-Kabeer, chair of the foundation’s executive committee, said that the award was in line with the state’s direction in social work.
She stressed the award’s pivotal role in fostering and motivating creative work while adopting ideas, initiatives and projects for regional development in social, humanitarian and charitable work within the Kingdom.
Princess Nouf praised the award’s diverse partnerships with government, non-government and civil society organizations. These partnerships enhanced the award’s objectives, especially in empowering young individuals and improving their skills.
Dr. Fahad Al-Maghlouth, the foundation’s secretary-general, said that the common goal was to serve the nation and enhance citizens’ lives.
He said that the 11th award’s theme, “Community Partnerships in Meeting Humanitarian Needs,” reflected Saudi Arabia’s support for the social sector.
Al-Maghlouth also highlighted the award’s interest in human needs and its efforts to align with the state’s objectives, asserting that social responsibility was a collective obligation for all.
The excellence in national achievement award went to Mohammed bin Saleh Albuty, CEO of the National Housing Co., and Firas Aba Al-Khail, deputy general manager of business at the Human Resources Development Fund.
The excellence in Islamic endowment award went to Mansour bin Mohammed Al-Jumaih, deputy secretary-general of the Mohamed Abdullah Abdulaziz Al-Jomaih Endowments Foundation.
The excellence in social work programs award went to Nora Al-Rashid, deputy chairperson of the board of the Abdul Moneim Al-Rashid Humanitarian Foundation.
Prince Sultan bin Salman received the award in the category of excellence for social work pioneers.
The corporate social responsibility award went to Mohammed Al-Abbadi, CEO of the transport and operators unit at Saudi Telecommunication Co., and Abdulmalik Al-Rajhi, chairman of the board of Hail Cement Co.
Dr. Abdulrahman Al-Mushaikeh, a former member of the Saudi Shoura Council, received the environmental sustainability award.
source/content: arabnews.com (headline edited)
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A number of princes and individuals interested in social work attended the ceremony for the Princess Seetah bint Abdulaziz Excellence Award for Social Work in Riyadh on Tuesday (27 Feb).
The Ministry of Transport, Communications and Information Technology (MTCIT), in cooperation with Universal Postal Union, will host the first edition of the Arab Postal Leaders Forum from February 12 to 14 in Muscat.
An official at MTCIT informed that with participation of more than 60 representatives from 18 Arab countries, the forum will serve as a platform for discussions of crucial topics related to the digital transformation of business models within the postal sector. He explained that the primary focus of the forum is on leveraging digital technologies to reshape the postal industry.
Among its key objectives is exploration of opportunities to broaden access to digital economy services, encompassing e-governance and e-commerce, through various digital platforms.
The event will delve into the challenges associated with digital transformation across diverse sectors such as trade, finance, communications, transportation and customs.
“The forum’s agenda includes presentations and discussion sessions that will spotlight innovative digital solutions in the postal and e-commerce domains. Moreover, global best practices in the realms of digitisation and postal transformation will be discussed. The goal is to underscore the significance of collaborations and information exchange among stakeholders, fostering increased adaptability in postal systems amid the rapid pace of digital transformation,” the MTCIT official said.
The event seeks to enhance the adaptability of postal services and systems in response to the evolving technological landscape.
Sustainable desalination technology in Saudi Arabia has achieved global recognition, with the Kingdom’s Saline Water Conversion Corp. receiving nine Guinness World Records.
In a ceremony at the Ministry of Environment, Water, and Agriculture headquarters in Riyadh, the company was awarded a certificate for its multi-effect distillation water desalination plant. This facility, with a daily capacity of 92,000 cubic m., is recognized as the largest in the world.
In December 2021, the organization unveiled its roadmap for achieving environmental sustainability at a major international industry conference. By being awarded the record for the lowest energy consumption for a water desalination plant globally, SWCC has taken a significant step toward fulfilling its Saudi Green Initiative action plans.
Saudi Arabia, considered one of the most water-stressed countries globally, is implementing various measures to ensure water security, a foundational element for the socioeconomic transformation outlined in the Vision 2030 plan.
The actions include reducing water demand through optimizing agricultural production and increasing water supplies via expanded desalination and storage capacity. Additionally, water system resilience will be enhanced through the implementation of transmission and interlinkage projects, as outlined in a report by the nation’s desalination company.
During the ceremony, the company was recognized for achieving a record for the largest water storage facility, the Riyadh Strategic Water Reservoir, with a capacity of 4.79 million cubic m.
It also received acknowledgment for having the largest drinking water storage tank network, totaling a capacity of 8.79 million cubic m..
Speaking on the sidelines of the event, SWCC Gov. Abdullah Al-Abdulkarim, said: “The corporation is proud to have achieved these new records that enhance its pioneering and leadership role in the desalination industry and to continue its race with the future with deliberate and confident steps.”
He further outlined that achieving nine new Saudi records in the Guinness resulted from continuous development, research, and innovation efforts. This success reflects a strategy emphasizing increased business efficiency through technology harnessing, capability empowerment, and knowledge localization.
“Our vision expands today in the desalination industry, so that our ambitions exceed the horizons of competing for record achievements to making a change, making a difference, and exporting Saudi leadership to the world,” added Al-Abdulkarim.
source/content: arabnews.com (headline edited)
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A ceremony to mark the records was held at the Ministry of Environment, Water, and Agriculture headquarters in Riyadh. Supplied
The 2024 summit focuses on promoting development and prosperity, empowering Arab youth.
Arab ministers and governmental delegations are expected to play a significant role in the 11th edition of the World Governments Summit (WGS) which will take place in Dubai, between 12-14 February 2024.
The World Governments Summit 2024 will witness the participation of more than 100 ministers from Arab countries, including the ministers of finance, the ministers of youth and sports, the ministers of industries and advanced technology, and the ministers of communications and information technology, as well as the ministers of government development. The increasing participation from Arab States, Governments, organisations and companies underscores their growing interest in this significant global event, which has evolved into one of the foremost international platforms for shaping the future.
The ministerial meetings include the Arab finance ministers meeting, a meeting of energy ministers, a meeting for justice ministers, a meeting for government development ministers during the Arab Government Administration Forum as well as a meeting for Arab youth and sports ministers.
Since its launch, the World Governments Summit has fostered remarkably positive change in the region, reshaping both the Government’s operations and service delivery and bolstering its readiness for the future. It represents a key platform for participating governments and ministers to exchange knowledge and expertise, enabling them to better serve their developmental objectives.
The engagement of Arab ministers spans across the ministerial meetings and forums convened within the summit’s agenda which include 23 ministerial meetings and roundtables, alongside 15 forums and workshops.
The 2024 summit focuses on promoting development and prosperity, empowering Arab youth and paving the way for future opportunities. The participation of Arab officials and delegations in this year’s summit spans discussions on governmental policy developments, Economy and trade, urban growth and environment, as well as the technology and AI and the challenges confronting both the region and the world.
Prominent ministers
Arab ministers participating in the Summit’s main sessions include: Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy; Dr Amr Talaat, Minister of Communications and Information Technology (MCIT) of the Arabic Republic of Egypt; Ahmad Al Hanandeh, Minister of Digital Economy and Entrepreneurship of the Hashemite Kingdom of Jordan; Ryad Mezzour, Minister of Industry and Trade of the Kingdom of Morocco; Engineer Ahmed Samir Saleh, Egypt’s Minister of Industry and Trade; Dr. Jalila bint Al-Sayed Jawad Hassan, Minister of Health of the Kingdom of Bahrain; Mohammed bin Abdullah Al Jadaan, Saudi Arabia’s Minister of Finance; Nadia Fattah Al Alawi, Minister of Economy and Finance of Morocco; Taif Sami Mohammed, the Finance Minister of Iraq; Bihi Iman Egeh, Minister of Finance for the Federal Government of Somalia; Dr Mohamed Mahmoud Al-Asas, Minister of Finance of the Hashemite Kingdom of Jordan; Fahad Abdulaziz AlJarallah, the State of Kuwait’s Minister of Finance; Dr. Mohamed Maait, the Egyptian Minister of Finance; Ali Al Kuwari, Qatar’s Minister of Finance; Ould Mohamed M’Badi, Mauritania’s Minister of Finance; Ahmed Aboul Gheit, Secretary-General of the Arab League; and Jasem Mohamed Albudaiwi, Secretary-General of the Gulf Cooperation Council.
Rahman was one of the first women to be paid to play football in Europe – and set a host of records!
Deena Rahman owns five Guinness World Records
She was one of the players who got contracts when Fulham became professional in 2000
Rahman represented Bahrain in 40 matches, and scored 23 goals
In 2000, almost a decade before the English Football Association awarded the first central contracts to women, Fulham Ladies, at the insistence of club chairman Mohamed Al-Fayed, turned fully professional. It was a watershed moment in the history of women’s football. One of the 16 players paid to play professional football, a first in Europe, was Deena Rahman.
Deena Rahman’s career has since become one of football’s enduring legacies. She has played for the England women’s age group teams, then Bahrain national team. A midfielder during her playing days, the 39-year-old now works to promote gender equality in football while also creating a host of world records. The former Fulham midfielder currently holds five Guinness World Records!
Born to an Egyptian father, Deena Rahman rose through Fulham’s youth ranks, then joined the Arsenal Academy. But she returned to Fulham, and became a member of the team which completed a treble of Premier League National Division, FA Cup and League Cup in 2003. The club became semi-professional soon enough, after three years.
At 15, Rahman made her England U-18 debut. She also represented the country of her birth in two UEFA Women’s Under-19 Championships. However, she retired as a Bahraini player, having scored 23 goals in 40 matches after making her debut in 2011. She is regarded as one of the greatest to have played for the Reds, the nickname for the team from the small Western Asian kingdom.
In her journey – from Fulham to Manama with a brief stoppage in Cairo – Deena Rahman has witnessed a whole gamut of human experience. As a prodigious talent in England, she was a regular at the all-conquering Fulham. But injury and the disbandment of the Cottagers in 2006 forced her to move to Egypt, where she played for Wadi Degla for a brief spell. Another injury sidelined her, and she was back in England.
Then Bahrain came calling, thanks to her association with Arsenal. In 2010, Rahman arrived in the Gulf to work as a coach at Arsenal Soccer School at Soccer City in Janabiya. After five years there, she and her husband Paul Shipwright established their own academy, Tekkers Academy.
Meanwhile, Rahman was also busy creating her own legacy. In 2017, she, along with 32 women from 20 countries, set the Guinness World Record for the highest game of football ever played. And the setting was 18,760 feet above sea level, atop Mount Kilimanjaro in Tanzania – the highest mountain in Africa.
The following year, Deena Rahman played her part in setting another Guinness World Record, this time for a game of football at the lowest point in the world, the Dead Sea in the Jordan Rift Valley, at 1,412 ft below sea level.
In 2019, Rahman clocked two more Guinness World Records by taking part in a match featuring 822 players during the biggest five-a-side game at Olympic Lyonnaise Training Academy in Meyzieu, Lyon. Then in an exhibition match on the sidelines of the 2019 FIFA Women’s World Cup in France, she got her fourth Guinness World Record as a part of the match with the most nationalities – 114 participants, representing 53 nationalities. In 2020, Rahman secured her fifth record by hammering 7,876 penalties in 24 hours at the Kick Off Academy in Saar.
A smart device designed and created by Omani students has gained attention for its ability to squeeze water out of air. The students claim purity of the water extracted from air has been scientifically proven to be safe for drinking.
The student team from the National University of Science and Technology, called Skydrop Company consists of Mona al Kharousi, Hiba al Shuaibiya, Qusay al Jadidi, Safaa Yahya al Naabi, Maad al Harasia, Moadh Saif al Rashdi, Al Mutamin Suban al Balushi and Naglaa bint Habib al Amriya.
Describing the rational behind the project, Mona said, “We wanted to create an easy-to-use product for athletes, adventurers and travellers, who sometimes face challenges related to the availability of drinking water.”
She added that the device works on user-friendly technology, is low cost and has sustainable environmental characteristics.
“It is made of environmentally friendly reinforced plastic and can be charged using electricity or solar energy.”
According to Mona, the device is small and lightweight and works to convert air into water in an innovative way, producing water from the surrounding moist air.
“Water vapour is condensed by cooling and then turned into dew to reach the last stage of the sedimentation process and conversion into pure drinking water.”
Mona explained that the device will contribute significantly to solving the problem of environmental pollution from plastic, which has become widespread because of bottled drinking water that are difficult to decompose, in addition to finding an innovative environmental solution to achieve water security.
About the challenges the students faced while giving shape to their project, Mona said, “The lack of capital is the toughest challenge for this project in addition to difficulty in sourcing certain parts for it.”
Skydrop Company is currently working to make a bigger version of the device to deploy in the agricultural sector, especially in the desert. “The team aspires to be a leader in creating modern technologies for the production of potable water that are suitable is different environmental conditions.”
Wasl, one of the largest real estate development and management companies in the region, has set a new Guinness World Records™ title for the ‘Highest Running Track on a Building’. Wasl’s Sky Track, located on the 43rd floor of 1 Residences, the luxury residential tower within the Wasl1 master development, exemplifies Dubai’s commitment to promoting fitness and healthy living and encouraging residents to pursue an active lifestyle.
Situated 157m above the ground, Sky Track is a 335m rooftop track where fitness enthusiasts can enjoy a unique experience surpassing a traditional gym workout. Walkers and runners alike are able to enjoy unrivalled views of Dubai that include Burj Khalifa, Zabeel Park, The Dubai Frame, Sheikh Zayed Road, old Dubai, and the Arabian Gulf.
The global fitness industry has seen significant growth in recent years aligned with increased awareness of the importance of physical activity. Community events organised in Dubai such as the 30-day Dubai Fitness Challenge have succeeded in inspiring residents to adopt a healthy lifestyle. Responding to this societal shift, Wasl prioritised health and well-being in its innovative development process by building the most iconic running track in the world.
His Excellency Hesham Al Qassim, CEO of Wasl, said: “We are delighted to achieve another Guinness World Records title for Dubai. We are humbled that Sky Track has achieved a world record, and happy that it will enhance residents’ daily lives. 1 Residences is a unique development that reflects the vision of our wise leadership in striving for excellence in all spheres. We remain steadfast in our commitment to creating projects that inspire and improve the well-being of residents and communities.”
Talal Omar, VP – MENA & Türkiye, Guinness World Records™ said: “We are consistently delighted by the ingenuity and ambition of record holders around the world. The achievement of constructing the highest running track on a building is not just a testament to architectural prowess but also to human aspiration. It’s remarkable how boundaries are continually pushed to redefine what’s possible.
This track isn’t just a feat of engineering, but a symbol of Dubai’s commitment reaching for the skies—both literally and metaphorically. We congratulate everyone involved in this monumental accomplishment.”
This is the second time that Wasl has been recognised by Guinness World Records following its ‘Largest Aerial Projection Screen’ record, which took to the skies in celebration of ‘Year of Zayed’ in 2018 to commemorate the late Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the UAE.
1 Residences is a mixed-use development comprising 753 ready-to-move-in units. Residents can enjoy an array of exceptional dining, leisure, and entertainment facilities within the project, which also features two swimming pools, two state-of-the-art gymnasiums, a podium courtyard, children’s play areas, and BBQ pits, among many others.
In a significant initiative that reinforces its leadership in safety infrastructure and innovation, Dubai Civil Defence has launched the world’s first sustainable mobile floating fire station.
The initiative reflects Dubai’s strategy to constantly enhance its fire and rescue services and raise environmental sustainability.
Engineered to provide high efficiency in safeguarding marine activities as well as enhanced coverage and swifter response times, the new mobile floating fire station is set to transform maritime emergency response mechanisms in Dubai. The first of its kind in the world to be sustainable and environmentally friendly, the floating structure is 70% more cost-effective than traditional marine fire stations.
Lieutenant General Expert Rashid Thani Al Matroushi, Director General of Dubai Civil Defense, said: “The deployment of the mobile floating fire station marks a significant step forward in our journey towards achieving global leadership in safety and security. The inauguration of this station not only demonstrates our dedication to generating innovative safety solutions but also aligns with our commitment to contributing to enhance Dubai’s overall infrastructure and services. A significant enhancement to our marine firefighting capabilities, this facility makes Dubai a frontrunner in reducing response times to maritime incidents, with a target response time of just four minutes.”
The launch of the floating station also increases the safety index in maritime navigation and water channels in Dubai with the use of innovative smart solutions, Al Matroushi added. The station’s strategic deployment will ensure comprehensive coverage across Dubai’s maritime and navigational zones that are crucial elements of the emirate’s geography, significantly enhancing Dubai’s responsiveness to accidents at sea, he noted.
Designed with sustainability at its core, the station embodies Dubai’s commitment to environmental conservation while maintaining the highest standards of safety and efficiency. With the capability to accommodate 16 individuals, the building stands out for its eco-friendly design. Operating as a mobile marine station, the floating structure eliminates the necessity for dedicated land space, resulting in both cost savings and a significant contribution to reducing carbon footprint and preserving green spaces. Additionally, the floating building showcases mobility with a notable speed of 11 miles per hour.
As Dubai continues to grow as a major hub for maritime trade and tourism, the floating fire station demonstrates the high priority the emirate’s leadership places on driving greater safety innovation and excellence. Through the implementation of innovative solutions and the latest technologies, Dubai Civil Defense continues to provide world-class fire and rescue services, contributing to Dubai’s vision of becoming a global leader in safety and security.
