Mining Saudi Arabia extends bids deadline for largest mineral belts By Pramod Kumar December 25, 2024, 10:44 AM Reuters/Fahad Shadeed A miner works in the Al Amar gold mine, southwest of Riyadh. The extension was granted following a request from qualified bidders Saudi Arabia has extended the deadline for submitting exploration licence proposals for its first mineralised belts. The extension was granted following a request from qualified bidders, seeking more time to complete the procedures, the Ministry of Industry and Mineral Resources said. In November the ministry announced 14 pre-qualified bidders for the five mineralised sites. The proposal submission deadline is January 21 2025, with the bid opening slated for February 11 and the winning companies announced on February 16. In July the ministry’s spokesperson Jarrah bin Mohammed Al-Jarrah said that Jabal Sayad and Al-Hajjar are the largest mineralised belt sites. Saudi Arabia secures $9bn to unlock mining potential Critical minerals become a Middle East battleground Saudi Arabia’s Ma’aden seeks $1bn private sector investment The Jabal Sayid belt, located northeast of Jeddah and east of Medina, is home to the Jabal Sayid and Mahd AlThahab mines. The Al-Hajjar site within the the Asir Terrane holds gold, copper and zinc deposits. It previously included the Alhajjar mine, which produced 40,000 ounces of gold annually before becoming inactive.
Tax $660m a year ‘sin tax’ target set by Kuwait Kuwait hopes to raise 200 million dinars ($660 million) a year through a “sin tax” on unhealthy products as part of tax reforms proposed by the International Monetary Fund, the country’s finance minister said on Wednesday. Noora Al-Fassam told the official Kuwaiti news agency that her ministry was working on a new law for a […] 5 hours ago
Transport Tenders issued for high speed Abu Dhabi-Dubai rail link Tenders have been issued for the design and construction of central components in a high-speed rail link between Abu Dhabi and Dubai. Etihad Rail, the national rail company of the UAE, has sent out tenders for designing and constructing civil works and station packages for the line connecting the two cities as part of the […] 5 hours ago
EXCLUSIVE Aviation Wizz Air increases flights from UAE to Israel after ceasefire The budget carrier Wizz Air is increasing the number of flights between Abu Dhabi and Tel Aviv after the ceasefire agreement between Israel and Hamas. The airline had previously scaled back its Tel Aviv-Abu Dhabi service to four flights a week because of the conflict, down from its pre-crisis schedule of two flights a day. […] 6 hours ago
Construction Dubai Multi Commodities Centre announces “Crypto Tower” Dubai Multi Commodities Centre (DMCC) and software company Reit Development have announced plans to build a 17-storey “Crypto Tower” that they say will demonstrate the use of blockchain technology. Blockchain will be used for tenant interactions and transactions through the use of on-chain voting mechanisms, shared resources, smart contracts and other automated services. The 150,000 sq […] 6 hours ago
