Latest news with #Al-Madina
Libyan Express
09-05-2025
- Sport
- Libyan Express
Al-Madina defeat Al-Ittihad with last-minute goal in Libyan League
BY Libyan Express May 10, 2025 - 00:29 Updated: May 10, 2025 - 00:30 The result moves Al-Madina up to third place in Group Two with 9 points Al-Madina FC claimed a 2-1 win over Al-Ittihad in Friday's Libyan Premier League match at Al-Nahr Stadium in the capital Tripoli, with a dramatic stoppage-time goal settling the contest. The home side took the lead five minutes before halftime when John Otto found the net to give Al-Madina a 1-0 advantage at the break. Al-Ittihad thought they had equalised early in the second half, but Moaz Issa's 51st-minute effort was ruled out by the referee. The visitors then squandered a chance to level the score when Mahmoud Kahraba missed from the penalty spot in the 70th minute. Al-Ittihad were given another opportunity from the spot nine minutes later, with Noufal Al-Zarhouni making no mistake to make it 1-1. Just as the match seemed headed for a draw, Al-Madina defender Naji Dra scored with a header in the 95th minute to snatch all three points for the hosts. The result moves Al-Madina up to third place in Group Two with 9 points, while Al-Ittihad drop to fourth with 8 points after five rounds of matches. The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express. How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@ Please include 'Op-Ed' in the subject line.
Zawya
03-03-2025
- Business
- Zawya
Is Saudi Arabia richer in minerals than oil?
When Saudi Aramco decided to evaluate itself a few years ago, it came up with a figure close to $2 trillion given the enormous oil deposits the Gulf Kingdom sits on. Fast forward to 2022, the value of the Kingdom's mineral resources was estimated at around SAR 5 trillion ($1.33 trillion), which has now soared to around SAR9.3 trillion ($2.48 trillion), thanks to massive discoveries over the past three years. 'The Kingdom has made large strides in the development of its mining sector,' Deputy Saudi Industry and Mineral Resources Minister Khalid Al-Mudaifer was quoted last week as saying by the Saudi daily Al-Madina. 'This was coupled with a large investment flow into the investments along with an unprecedented expansion in mining exploration has boosted the Kingdom's mineral wealth from SAR 5 trillion to SAR9.3 trillion.' Mudaifer, who was addressing a promotion seminar on Saudi in the US Miami city, said a landmark mining law introduced by Riyadh five years ago boosted the number of mining investment firms from 6 in 2020 to 133 at the end of 2023. Last month, the Industry and Mineral Resources Ministry said it has completed nearly 90 percent of a survey of a targeted area of around 400,000 square kilometres (sq km). Over the past two years, the Kingdom announced that exploration operations have resulted in significant discoveries of gold, zinc and copper in the Arabian Shield region, which exceeds one third of Saudi Arabia's total area. In 2024, Oil Minister Prince Abdul Aziz bin Salman revealed at the Future Minerals Forum in the capital Riyadh that significant quantities of uranium and titanium have been discovered in various explored areas. He also confirmed that Saudi Arabia has 'an abundance of metals and minerals and is developing the structure and partnerships that would fully exploit them. The last major contracts awarded by Saudi Arabia to mine prospectors were in November, when six large mining sites covering an area of nearly 850 sq km were offered to local and foreign investors. These awards boosted the total number of mining and mineral exploration licenses issued by the Kingdom over the past five years to nearly 2,295. These include more than 200 for mining exploration, 42 for prospecting minerals and 23 surplus mineral resources licenses. The Vision 2030 economic transformation plan aims to more than quadruple the mining sector's contribution to GDP from around $17 billion in 2019 to $75 billion in 2035. When Saudi Aramco concluded that valuation, experts said it was based on an oil price of $8 a barrel and crude reserves of about 258 billion barrels. It was not clear how much of those reserves could be extracted. (Writing by Nadim Kawach; Editing by Anoop Menon)
Zawya
27-02-2025
- Business
- Zawya
Saudi targets $100bln mining investment
Saudi Arabia has set a target to attract investments of around 375 billion Saudi riyals ($100 billion) to its mining sector as part of its Vision 2030, an official has said. The world's largest oil exporter has already managed to attract nearly SAR75 billion ($20 billion) to mining projects since it introduced a landmark law to incentivise investors, said Khalid Al-Mudaifer, Deputy Industry and Mineral Resources Minister. 'The Kingdom has announced several investment opportunities in the mining sector with a value of nearly SAR375 billion until 2035,' Mudaifer told a promotion seminar on Saudi Arabia in the US Miami city. Quoted by the Saudi daily Al-Madina on Thursday, Mudaifer said Saudi Arabia's drive to develop that sector has largely paid off, with the number of mining companies jumping from six in 2020 to 133 at the end of 2023. Spending on mining exploration exceeded SAR1.33 billion ($355 million), he added. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Zawya
24-02-2025
- Business
- Zawya
Saudi's Al-Ahsa province offers 59 projects worth $13.3bln
Saudi Arabia's Eastern Al-Ahsa province has offered 59 projects with a combined value of more than 50 billion Saudi riyals ($13.3 billion), a local Arabic language newspaper reported on Monday. The projects were unveiled at the Al-Ahsa investment forum which was held in the province last week with the aim of attracting capital as part of the Gulf Kingdom's Vision 2030. 'Nearly 59 investment opportunities with a total value of more than SAR50 billion were offered during the forum,' Al-Madina newspaper said. The projects cover a wide variety of sectors, including transport, real estate, tourism, services, logistics, farming and industry, it said. It quoted Al-Ahsa Chamber of Commerce as saying in a report that the province has awarded nearly 183 permits for new foreign projects with a value of more than SAR2.5 billion ($666 million). (Writing by Nadim Kawach; Editing by Anoop Menon)
Zawya
19-02-2025
- Business
- Zawya
1,000 developers qualified for Saudi housing projects
Saudi Arabia has qualified nearly 1,000 local and foreign developers within a drive launched over the past few years to build houses for its citizens, an official has said. The government has so far awarded more than 360 permits which have resulted in the construction of at least 200,000 houses across the Gulf kingdom, said Abdullah Al-Hammad, CEO of the Real Estate General Authority. Hammad, quoted by the Saudi daily Al-Madina, said the aim of the housing projects in the country is to give all citizens access to affordable housing. 'These projects have made remarkable progress in achieving that have increased Saudi ownership of houses from 47 percent to 64 percent at the end of 2024,' he said. Hammad noted that the real estate sector contributed 14 percent to GDP in 2024 and provided more than 500,000 jobs in nearly 318,000 construction and real estate companies. (Writing by Nadim Kawach; Editing by Anoop Menon) (
