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31/10/2025 06:31 AST
Saudi Arabia and the US reiterate deepening strategic cooperation in the mining and minerals sector, focusing on critical mineral supply chains, mineral processing, and advanced mining technologies.
The outcome followed a bilateral meeting between Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and US Deputy Secretary of Energy James Danly, held during the ninth Future Investment Initiative conference in Riyadh, according to the Saudi Press Agency.
The discussions built on the memorandum of cooperation signed in May between the Saudi Ministry of Industry and Mineral Resources and the US Department of Energy.
Both sides emphasized the importance of supporting sustainable growth in the mining sector and addressing rising global demand for critical minerals.
The meeting reaffirmed the strong historical relations and strategic economic partnerships between the two countries, particularly in the mining industry.
Alkhorayef and Danly discussed opportunities in mineral processing, rare earth elements, and mining technologies, while also calling for greater international collaboration in the sector.
They also highlighted the annual Future Minerals Forum hosted by Saudi Arabia as a key global platform for industry stakeholders to address challenges and promote innovative, sustainable solutions.
Alkhorayef invited Danly to attend the fifth edition of the Future Minerals Forum, scheduled to take place in Riyadh from Jan. 13 to 15, 2026.
Arab News
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31/10/2025
Consumers in the UAE are set to enjoy lower borrowing rates as the UAE Central Bank on Wednesday lowered its Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.1
Khaleej Times
31/10/2025
Most Gulf central banks cut key interest rates on Wednesday after the US Federal Reserve moved to reduce rates by a quarter of a percentage point, its second rate cut decision this year. The Fed's de
Kuwait Times
31/10/2025
The Central Bank of Oman (CBO) has decreased its Repurchase Agreement rate (repo) for local banks, effective from Thursday, by 25 basis points (0.25%) to 4.50%.
The CBO's monetary policy aim
Times of Oman
31/10/2025
Qatar Central Bank (QCB) has issued treasury bills worth QR 250 million with maturities of 28 days, 98 days, 182 days, 273 days, and 364 days.
QCB announced in a post on its social media pla
QNA
31/10/2025
The central banks of the UAE and Bahrain have cut key interest rates by 25 basis points, effective October 30.
Central Bank of the UAE (CBUAE) cut the Base Rate applicable to the Overnight D
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