tag

A high-ranking business delegation from the German Near and Middle East Association (NUMOV e.V.) will travel to Qatar in the coming days for a multi-day visit, according to the German embassy in Doha. The delegation aims to further strengthen economic relations between Germany and Qatar and to explore new opportunities for co-operation in forward-looking sectors. The delegation will be led by Silvio Konrad, COO Energy and Resources, TÜV Nord Group, and will include high-ranking business representatives of leading German companies and company representations in the fields of energy, engineering, industry, digitalisation, technology, circular economy, culture and healthcare, such as TÜV Nord, SAP, Linde and Steinway & Sons. Owners of SMEs, who are also active as private investors, are also part of the delegation. During the visit, the delegation will hold talks with Qatari government officials, business associations, and private sector representatives. Particular focus will be placed on engaging with Qatari key players from all sectors and stakeholders about further enhancing our ties, exploring new opportunities for business collaboration and looking for joint projects in different areas. “Germany and Qatar have enjoyed a close and trusting partnership for many years. With this delegation visit, we aim to set new impulses for joint projects and unlock the great potential of our economic co-operation,” said Konrad in a press statement. Founded in 1934, NUMOV e.V. is Germany’s oldest organisation dedicated to promoting business relations with the Near and Middle East. The association supports German companies in entering regional markets and fosters direct dialogue between business and politics. German ambassador to Qatar Hans-Udo Muzel said: “Germany and Qatar already have excellent ties. NUMOV’s visit to Doha underlines even more the shared interest in further expanding economic co-operation – particularly in light of global challenges such as energy security and transition, diversification, and sustainable development”.

Minister of Foreign Affairs and Expatriates of the Syrian Arab Republic Asaad Al Shaibani met on Wednesday with World Bank Division Director for the Middle East Department, Jean-Christophe Carret, who is visiting Damascus.The Syrian Arab News Agency (SANA) reported that the meeting discussed ways to enhance development and reconstruction cooperation between Syria and the World Bank.It is worth noting that the US Treasury Department ended its sanctions program on Syria, a strategic turning point in Damascus's economic and diplomatic relations and an opportunity to reintegrate Syria into the international financial system after long years of restrictions and economic isolation.

GCC will need to invest an estimated $12bn to $25bn in recycling infrastructure by 2045 to position itself as a circular plastics hub, according to industry assessments.A new report from KAPSARC and Strategy& Middle East, part of the PwC network, finds that the Gulf Co-operation Council could play a critical role in closing the global gap in recycled plastics — with demand projected to outstrip supply by up to 35mn tonnes by 2030.Although demand for recycled plastics is rising by 8% annually — outpacing the 2% annual growth in virgin plastics — supply continues to lag behind.Despite growing momentum, less than 70% of global demand for recycled materials is being met. The shortfall is expected to reach 35mn tonnes by 2030.Today, GCC countries generate around 10mn tonnes of plastic waste annually but only 10% is recycled, reused or recovered. This ratio is on par with the global average, yet behind leaders like China and other OECD countries.In Saudi Arabia, the plastics and chemical sectors contribute 6%–9% of GDP, underscoring the region’s economic exposure to global shifts in plastics demand and the opportunity to lead in circularity.Devesh Katiyar, Partner, at Strategy& Middle East, said, “With global mechanical recycling still under 10% and pressure mounting from ESG mandates, carbon regulations, and shifting consumer preferences, there is a growing mismatch between supply and demand.“Unless addressed, this imbalance could delay climate progress and reinforce reliance on virgin plastics. The GCC is uniquely positioned to bridge this gap by leveraging its petrochemical strengths for circular solutions.”Globally, chemical recycling — especially pyrolysis — is gaining momentum, but its commercial viability depends on feedstock availability, energy prices, and plant efficiency.Modelling by KAPSARC and Strategy& shows that chemical recycling plants in the GCC that are embedded in petrochemical clusters can break even at plastic waste feedstock prices of $240 to $280 per metric tonne. Even at higher prices of $450 to $500 per tonne, profitability is still achievable, provided recycled plastics continue to command a market premium over virgin materials.Jayanth Mantri, Principal, at Strategy& Middle East, commented, “The economics of chemical recycling are compelling for the GCC, especially when integrated into existing systems and supported by the region’s competitive energy costs. Unlike traditional petrochemicals, chemical recycling is knowledge-intensive and offers potentially higher economic multipliers and innovation-driven growth.”Low-cost energy and existing infrastructure make the GCC well-positioned to lead. According to the report, success requires progress on three fronts: feedstock access, regulatory certainty, as well as innovation and consumer awareness.To ensure stable feedstock supply and global market access, the GCC must establish formal plastic waste trade corridors with Asia, Africa, and Europe.This includes upgrading ports, customs systems, and cross-border traceability infrastructure in line with international standards — securing inbound waste streams and enabling outbound exports of certified recycled resins.To reduce reliance on foreign policy shifts, the region must also accelerate domestic regulatory reform. Key priorities include extended producer responsibility (EPR) schemes, recycled content mandates, pricing reform for virgin polymers, and harmonised quality and safety standards across the GCC.Scaling circularity will also depend on investment in chemical recycling, smart sorting systems, and blockchain traceability tools. Government co-funding can support R&D in partnership with industry, while consumer incentives and awareness campaigns will help drive demand and improve waste segregation.The report also calls for blended financing to help build a modern circular plastics ecosystem, noting that GCC nations should leverage sovereign wealth funds, PPPs, and de-risking mechanisms to mobilise capital and attract global players.