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☆ Saudi Arabia nearly doubles estimate for the value of its mineral resources
▼ + stars: | 2024-01-10 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during its Future Minerals Forum held in Riyadh this week, ministers told CNBC. Estimates for the kingdom's untapped mineral reserves have jumped from $1.3 trillion in a 2016 forecast to $2.5 trillion, according to Saudi Mineral Resources and Industry Minister Bandar Al Khorayef. The resources include gold, copper, phosphate and rare earth elements, offering new sources of subterranean wealth on top of Saudi Arabia's mammoth oil reserves. "We are very excited about this news ... it's really a result of what we have been doing in the last four years," Al Khorayef told CNBC's Dan Murphy on Wednesday. Saudi Arabia has developed 33 new exploration sites for mining, and aims to award foreign investors more than 30 mining exploration licenses in 2024, it announced at the forum.

Persons: Bandar, it's, Al Khorayef, CNBC's Dan Murphy Organizations: Minerals, CNBC, Saudi Mineral Resources, Industry, Saudi Locations: Saudi Arabia, Riyadh, Bandar Al Khorayef, Africa

REUTERS/Ammar Awad/ Acquire Licensing RightsNEW YORK/LONDON, Nov 6 (Reuters) - Travelers are canceling or postponing planned vacations to the Middle East and North Africa due to fears of the Israel-Hamas conflict worsening, and as touring companies have also altered itineraries and canceled flights. Travel operators say the war is affecting demand for travel to nearby nations including Egypt, Jordan and Turkey. German airline Group Lufthansa (LHAG.DE) said on Thursday their Middle East bookings have not been affected by the war, with only an initial dip when the conflict started. Spanish travel agency Essentialist said it has canceled 75% of trips to the extended Middle East and Northeast Africa region. The conflict's effect on travel demand to the Middle East may extend beyond the holidays and even just neighboring countries.

Persons: Ammar Awad, Israel, Todd Elliott, Konrad Waliszewski, Willie Walsh, Kathleen Oberg, Patrick Scholes, Essentialist, Matt Berna, Khaled Ibrahim, Doyinsola Oladipo, Joanna Plucińska, Rajesh Kumar Singh, Daniel Wallis Organizations: REUTERS, Cruise Line Holdings, Royal Caribbean Group, International Air Transport Association, Group Lufthansa, AS OMAN, Marriott, Intrepid Travel, Americas, East Travel Alliance, Thomson Locations: Damascus, Jerusalem's Old City, East, North Africa, Israel, Palestinian, Gaza, Egypt, Jordan, Turkey, Orlando , Florida, Israel . Washington, Cyprus, Lebanon, Valencia, Spain, Spanish, Northeast Africa, Australia, Norway, Sharm el Sheikh, Oman, UAE, New York, London, Chicago

☆ Egypt bans Dutch archaeology team from Saqqara due to museum’s ‘Afrocentric’ exhibition
▼ + stars: | 2023-06-07 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +4 min

CNN —A team of archaeologists from a Dutch museum has been banned from carrying out excavations in Egypt’s rich Saqqara necropolis, after the museum mounted an exhibition that drew condemnation from Egyptian authorities. He also confirmed that the journalist who wrote the NRC article had seen the email from the Egyptian authorities. Mostafa Waziri, secretary-general of the Supreme Council of Antiquities of Egypt, did not respond to CNN’s request for comment. Some commented with photos showing light-skinned ancient Egyptian drawings, next to ones with darker skin tones, which they say the museum is propagating. It recently criticized the Netflix docuseries “Queen Cleopatra,” which portrays the ruler of the Ptolemaic Kingdom of Egypt as a woman of color.

Persons: CNN —, Museum of Antiquities Wim Weijland, Oudheden, ” Weijland, Mostafa Waziri, Weijland, “, Nubia …, Miles Davis, Sun Ra, Rihanna, ”, Cleopatra Organizations: CNN, National Museum of Antiquities, Egyptian Antiquities Service, NRC, Leiden Turin Expedition, Museum of Antiquities, “, Supreme, of Antiquities of, Netflix Locations: Kemet, Egypt, Hip, Leiden, Saqqara, Leiden Turin, Cairo, of Antiquities of Egypt, Nubia, ” Nubia, Africa, Khartoum, Sudan, Nubian, Ptolemaic Kingdom

☆ Sudan’s Warring Groups Agree to 7-Day Cease-Fire
▼ + stars: | 2023-05-21 | by ( Abdi Latif Dahir | ) www.nytimes.com time to read: +1 min

Sudan’s warring parties have agreed to a seven-day cease-fire beginning on Monday, Saudi Arabia and the United States announced late Saturday, the first truce to be signed by both parties in a conflict that has raged for over a month, leaving millions of people across the northeast African nation in a dire humanitarian crisis. On Saturday, the sides promised to stop their forces from occupying new areas; to refrain from detaining or threatening civilians; and not to impede aid groups and workers from providing lifesaving assistance. The warring groups also agreed not to loot civilian properties or humanitarian supplies, nor to seize critical infrastructure such as electricity, fuel and water installations. Before the announcement, the two sides had signed a pact only to protect civilians but not to suspend fighting altogether, leaving their soldiers clashing across Sudan. Previous cease-fire announcements, including one brokered by the United States and another by South Sudan, have faltered, leading to a mounting death toll and a vast displacement of people.

☆ A 'tinderbox' with no easy off-ramps: What the Sudan conflict means for the world
▼ + stars: | 2023-04-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +10 min

Smoke rises during clashes between the Sudanese Armed Forces and the paramilitary Rapid Support Forces (RSF) in Khartoum, Sudan on April 19, 2023. "We urge the Sudanese army to respect the ceasefire and its conditions to alleviate the suffering of innocent civilians. - | Afp | Getty ImagesNotorious Russian mercenary force Wagner Group has been linked to various commercial and military operations in Sudan. Italian citizens are boarded on an Italian Air Force C130 aircraft during their evacuation from Khartoum, Sudan, in this undated photo obtained by Reuters on April 24, 2023. "The RSF is likely to target oil infrastructure linking South Sudan with Khartoum and the export terminal at Port Sudan," Verisk Maplecroft's Hunter suggested.

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