Latest news with #Al-Sahli
Argaam
24-03-2025
- Business
- Argaam
Hail red meat project part of pipeline to boost red meat production: ADF CEO
The Agricultural Development Fund (ADF) has been and continues to be a major supporter of food security and rural development in various regions of Saudi Arabia, CEO Munir Al-Sahli told Argaam in an interview. The signing of the financing agreement for the sheep-beef farming project in Hail today, March 24, under which a farm specialized in red meat production will be established at SAR 1.1 billion, came within the framework of the National Agriculture Strategy. It is aimed at promoting food security, creating job opportunities, and boosting local content, Al-Sahli stated. Saudi Arabia has successfully achieved 61% self-sufficiency in red meat production, thanks to the government's great support for the food security sector, said the top executive. He also noted that the Hail red meat project is part of a project pipeline aimed at supporting local red meat production, thus raising self-sufficiency and stabilizing prices in local markets. He added that this project represents a huge investment opportunity. It is set to contribute to the development of supply chains and will provide contractual opportunities for small breeders by bolstering their access to more sector-related areas of expertise. Moreover, the project will rely on Saudi-made equipment, which enhances local content in the agricultural sector, the CEO pointed out. ADF continues to support modern technologies and innovation in the agricultural sector for raising more financing for projects that rely on advanced tech. It also strives to spread their use among breeders to enhance production efficiency, according to Al-Sahli. According to Argaam 's data, ADF signed today a financing agreement with Alraie National Livestock Co., a 51%-owned subsidiary of National Agricultural Development Co. (NADEC), with a ceiling of SAR 1.1 billion. The funds will be used to establish a project focused on intensive livestock breeding (sheep and goats), reproduction, and meat production. The amount will be disbursed in stages based on the project's progress and the submission of required documents.
Leaders
16-03-2025
- Business
- Leaders
Saudi Arabia Unveils SR1 Billion Green Initiative to Boost Eco-Friendly Projects
Saudi Arabia has announced a SR1 billion ($266.6 million) environmental financing initiative to accelerate private sector involvement in eco-friendly projects. Riyad Bank backs the program, which targets sustainable infrastructure and innovation. Abdulrahman Al-Fadhli, Minister of Environment, Water, and Agriculture, launched the initiative Sunday. He emphasized its role in advancing Vision 2030 goals, which prioritize environmental sustainability and quality-of-life improvements. Digital Platform Streamlines Eco-Friendly Investments A new digital platform for the Incentives and Grants Program debuted alongside the initiative. This tool simplifies access to funding, fosters innovation, and ensures efficient project execution. It also promotes regulatory compliance across industries. Munir Al-Sahli, CEO of the Environmental Fund, highlighted the program's aim to attract investments in environmental infrastructure. He noted it offers tailored financial solutions to encourage sustainable practices in businesses of all sizes. Vision 2030 Alignment and Strategic Goals Moreover, the initiative aligns with Vision 2030's focus on balancing economic growth and environmental conservation. Al-Sahli described the partnership with Riyad Bank as transformative, stressing its potential to boost meteorological services and green infrastructure. Additionally, grants and incentives will support SMEs, corporations, universities, and nonprofits. The program also seeks to enhance environmental awareness and reduce pollution through cross-sector collaborations. However, Al-Sahli urged environmental stakeholders to leverage the platform's resources and technical support. He reiterated the fund's commitment to creating lasting ecological impacts while driving economic diversification. By prioritizing innovation and compliance, the initiative aims to position Saudi Arabia as a leader in regional sustainability efforts. Applications for grants and incentives are now open to eligible entities nationwide. Short link : Post Views: 15
Arab News
16-03-2025
- Business
- Arab News
Saudi Arabia launches $266m program to promote eco-friendly projects
RIYADH: Saudi Arabia has unveiled a new environmental financing initiative worth SR1 billion ($266.6 million), supported by Riyad Bank, to encourage private sector participation in sustainable and eco-friendly projects. Abdulrahman Al-Fadhli, Saudi Arabia's minister of environment, water, and agriculture and chairman of the Environmental Fund's board of directors, officially introduced the program on Sunday. The launch coincided with the unveiling of a new digital platform for the Incentives and Grants Program, designed to foster innovation and boost environmental investments. This initiative aligns with Saudi Arabia's Vision 2030 objectives, which focus on promoting environmental sustainability and enhancing the quality of life. Munir bin Fahd Al-Sahli, CEO of the Environmental Fund, emphasized that the financing program is aimed at attracting private sector investments to strengthen environmental infrastructure and meteorological services. He also noted that the program will encourage businesses across various sectors to adopt sustainable practices through innovative financial solutions. Al-Sahli described this partnership as a major step forward in funding environmental projects, highlighting that the new platform would offer incentives and support for outstanding environmental initiatives. These efforts are part of a broader national strategy to protect the environment and foster sustainable development. The financing program represents a significant milestone in enhancing environmental investments in the Kingdom. It provides businesses and entrepreneurs with resources and incentives to develop projects that not only improve quality of life but also contribute to sustainable environmental growth. The new electronic platform for the Incentives and Grants Program, which was launched alongside the financing initiative, is designed to streamline the process for beneficiaries and ensure efficient execution of environmental projects. The platform aims to promote eco-friendly practices, foster innovation, and encourage investment in the environmental sector, while also ensuring regulatory compliance across various industries. Al-Sahli reiterated the fund's commitment to offering both financial and technical support to ensure lasting positive impacts on the environment. He urged stakeholders in the environmental sector to explore the various opportunities available through the platform. The Incentives and Grants Program is expected to drive investment in environmental projects and improve compliance levels among institutions. It will provide grants and incentives to a broad range of entities, including small and medium-sized enterprises, corporations, research centers, universities, and nonprofit organizations. The Environmental Fund continues to develop and implement programs focused on protecting natural resources, reducing pollution, and raising environmental awareness. Through collaborations with government and private entities, it strives to balance economic growth with environmental conservation.
Arab News
06-03-2025
- Politics
- Arab News
Islamic Affairs Ministry launches programs to distribute dates and serve iftar in Kosovo
RIYADH: The Ministry of Islamic Affairs this week launched the Custodian of the Two Holy Mosques' gift programs for distributing dates and serving iftar to people fasting in Kosovo, the Saudi Press Agency reported. The initiative, represented by the religious attache at the Kingdom's embassy in Bosnia and Herzegovina, took place at Aladdin High School in the capital, Pristina. It was launched in the presence of Consul at the Saudi Embassy in Albania Sultan Al-Sahli, and the Grand Mufti and Head of the Islamic Sheikhdom in Kosovo Sheikh Naim Ternava. As part of the program, five tonnes of dates will be distributed, benefiting 20,000 individuals, while the iftar initiative will benefit about 6,000 Muslim men and women throughout the holy month of Ramadan. According to SPA, Sheikh Amer Al-Anzi, the religious attache at the Kingdom's embassy in Bosnia and Herzegovina, said that the programs reaffirmed the Kingdom's long-standing commitment to supporting and leading Islamic initiatives. He described them as a generous gesture by the Kingdom's leadership, reflecting its dedication to caring for Muslims and highlighting Saudi Arabia's support for Muslims around the world. Sheikh Ternava said that the Kingdom had taken great historical and humanitarian stands with Kosovo in the humanitarian, developmental, economic, social and religious fields. He said that these annual programs were evidence of Saudi Arabia's dedication to addressing the needs of Muslims, praying that the Kingdom's leadership would be rewarded for serving Islam and Muslims, particularly the Muslim community in Kosovo.
CBC
04-03-2025
- CBC
Calgary man facing domestic murder charge was on conditions to stay away from ex-spouse: court records
Social Sharing A Calgary man has been charged with murdering his former spouse, six months after he was placed on court-ordered conditions to stay away from her. Mohamad Anass Mahmou Al-Sahli, 47, is charged with first-degree murder in the death of Anna Brazhko, 38. Police say they responded to a 911 call for assistance to a home in the Belmont neighbourhood in Calgary's deep southwest just before 2 a.m. Investigators allege Al-Sahli broke into Brazhko's home that she shared with her current partner in the early morning hours on Monday and "fatally assaulted her." Domestic assault charge When officers and paramedics arrived, Brazhko was dead. One man was taken into custody at the scene. Police called the incident "targeted." In September, Al-Sahli was facing a domestic assault charge and entered into an 18-month peace bond, as a way to manage his risk to offend, records show. A peace bond is an acknowledgement there are reasonable grounds to fear a person may commit an offence. Ordered to stay away from victim Court records also show Al-Sahli, who lives in the northeast community of Saddleridge, was under conditions including that he have no contact or communication with Brazhko. He was required to stay away from her home and was also ordered to participate in programming or counselling for domestic violence and anger management. Al-Sahli appeared before a justice of the peace late Monday night and made another appearance via CCTV in domestic violence court on Tuesday morning with the assistance of an Arabic interpreter. He will be back in court later this month.
