黑料社区

Heritage meets high-tech: 黑料社区鈥檚 bold vision for smart tourism

Heritage meets high-tech: 黑料社区鈥檚 bold vision for smart tourism
From immersive historical reconstructions to personalized AI-driven tours, the Kingdom is setting a global benchmark for experiential and sustainable travel. Getty
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Updated 23 May 2025

Heritage meets high-tech: 黑料社区鈥檚 bold vision for smart tourism

Heritage meets high-tech: 黑料社区鈥檚 bold vision for smart tourism

RIYADH: Tourism is a critical part of 黑料社区鈥檚 Vision 2030 diversification initiative, but far from solely relying on its rich heritage to attract visitors, the Kingdom is utilizing pioneering technology to bring the past to life and help deliver an economy for the future.

One of the key pillars of the government鈥檚 aim to move 黑料社区 away from its reliance on oil revenues is to establish the Kingdom as a global tourism hub and increase the sector鈥檚 gross domestic product contribution from 3 percent to 10 percent.

Vision 2030鈥檚 initial visitor target was 100 million a year by the end of the decade, but after surpassing that milestone seven years ahead of schedule, the ambition has now grown to 150 million.

While modern tourism attractions 鈥 such as Expo 2030 and global sports events 鈥 have a key role, utilizing the Kingdom鈥檚 heritage also has a huge role to play in attracting tourists and fueling long-term growth.

Experts have told Arab News that the Kingdom is blending this offering with cutting-edge technologies such as artificial intelligence, virtual reality, and augmented reality to redefine tourism.

From immersive historical reconstructions to personalized AI-driven tours, the Kingdom is setting a global benchmark for experiential and sustainable travel.

According to Bain and Co.鈥檚 Sami Abdul Rahman and Joachim Allerup, given the country鈥檚 young and digitally savvy population, the tourism sector is increasingly embracing gamification to make heritage sites more engaging and interactive.

鈥淰R is being used to reconstruct ancient civilizations, allowing visitors to explore these locations as they once were, while AI personalizes tours based on visitors鈥 preferences, providing tailored insights and recommendations,鈥 Abdul Rahman and Allerup said in a joint statement.

鈥淚nteractive AR overlays further enrich the experience by offering real-time information about artifacts and historical events. These innovations do not merely serve as entertainment but function as powerful educational tools, fostering a deeper connection between visitors and 黑料社区鈥檚 rich cultural heritage,鈥 they added.

The partners went on to highlight that the combination of digital technology and traditional storytelling ensures that historical sites remain relevant and captivating for modern audiences.

Maite Grau Garvin, principal at Arthur D. Little Middle East, shed light on how through AR virtual tours, interactive exhibits and VR powered reconstructions, visitors can explore Diriyah鈥檚 rich heritage and historic Najdi architecture in a way that is both engaging and immersive, far beyond the traditional experience.

鈥淔ilms and digital storytelling further enrich the experience, narrating the region鈥檚 deep-rooted history and cultural significance. Diriyah鈥檚 visitors can also interact with AI chatbots and voice assistants that deliver customized insights into Najdi architecture, key historical figures, and significant events,鈥 Garvin said.

She added: 鈥淚n AlUla, technology is transforming the way visitors experience Hegra, the ancient Nabataean site and 黑料社区鈥檚 first UNESCO World Heritage Site. AR experiences allow visitors to use smartphones or wearable smart glasses to overlay digital reconstructions of holograms, tombs, and inscriptions, bringing the site鈥檚 history to life like never before.鈥

The principal went on to say that these innovations represent a significant step forward in heritage tourism, allowing visitors to not only observe history but engage with it in an immersive and interactive manner.

鈥淏y seamlessly integrating AI, VR, and AR, 黑料社区 isn鈥檛 just preserving its history 鈥 it鈥檚 bringing it to life, setting a new global benchmark for experiential tourism,鈥 Garvin added.

Smart cities harmonizing with Saudi history聽




NEOM is redefining eco-friendly luxury in hospitality. Shutterstock

NEOM is at the heart of 黑料社区鈥檚 Vision 2030, bringing together sustainability, automation, and cultural heritage to create unique tourism experiences. The smart city has over 900 heritage sites, including Nabataean tombs, ancient inscriptions and cultural landmarks.

From ADL鈥檚 perspective, unlike traditional tour experiences, where history is something you just observe, NEOM makes it interactive. Visitors will be able to experience them through immersive storytelling, digital reconstructions, and guided smart tours.

鈥淭heir entire tourism model is built around renewable energy-powered transport, smart visitor flow management, and low-impact exploration. Whether it鈥檚 electric shuttles through heritage zones or AI-driven crowd control, the goal is to preserve cultural landmarks while making them seamlessly accessible,鈥 Garvin said.

She added: 鈥淣EOM鈥檚 regenerative tourism model also protects and regenerates 95 percent of its land for nature, allowing visitors to explore heritage sites while engaging with the natural landscapes that have shaped Saudi culture for centuries.鈥

The ADL partner also highlighted how NEOM is redefining eco-friendly luxury in hospitality by creating carbon-neutral, renewable energy-powered hotels that blend seamlessly with the environment. Advanced water recycling, smart energy grids, and AI-driven sustainability efforts ensure minimal ecological impact.

鈥淭hese initiatives, among many other, help ensure that 黑料社区鈥檚 history is not lost in its rapid modernization but instead enhanced through smart, sustainable tourism infrastructure ensuring world-class travel experience for generations to come,鈥 Garvin added.

Effect of developments like Diriyah and AlUla on 黑料社区聽




AlUla. Shutterstock

Developments like Diriyah and AlUla give 黑料社区 a clear edge when it comes to attracting tourists.

Garvin explained that while many countries have iconic historical sites, 黑料社区 is creating something novel 鈥 immersive, technologically enabled, and sustainably developed heritage destinations that are purpose-built for 21st-century travelers.

鈥淎lUla鈥檚 integration of AR and digital storytelling, and Diriyah鈥檚 AI-driven visitor engagement, are raising the bar for how history is experienced. Add to that the quality of infrastructure, transport, and hospitality now emerging in these locations, which is further supporting Saudi establish itself as a major player on the global tourism stage 鈥 especially for culturally curious and experience-driven travelers,鈥 she said.

The principal added that these projects, particularly when anchored in sustainability and powered by advanced technology, give Saudi a first-mover advantage in what can be called 鈥渟mart heritage tourism.鈥澛

She continued: 鈥淎s the global tourism sector becomes more experience-driven, these developments place the Kingdom ahead of the curve.鈥

Garvin also shed light on how the Kingdom is opening up its tourism sector with a focus on providing diverse, enriching experiences.

She noted that the development of the sites is guided by a commitment to variety, from immersive cultural districts to accessible heritage attractions, ensuring that the offering caters to a broad range of travelers without necessitating elevated costs.

鈥淭hat said, a tiered model is likely. For instance, bespoke experiences 鈥 such as private AR-guided tours or luxury stays within heritage zones 鈥 could naturally carry a higher price point,鈥 the principal said.聽

General access to cultural landmarks, historical sites, and exhibitions is expected to remain competitively priced to encourage widespread domestic and international participation.聽

This approach aligns with the goals of Vision 2030: positioning tourism as a catalyst for cultural exchange, economic diversification, and job creation.聽

鈥淯ltimately, the return on these investments is expected to come from increased visitor numbers, longer stays, and higher overall trip value, rather than from charging more per individual experience,鈥 Garvin added.

High-tech solutions aligning with Vision 2030

The integration of high-tech solutions directly supports Saudi Vision 2030鈥檚 goals of diversifying the economy and positioning the Kingdom as a global cultural hub.

Abdul Rahman and Allerup from Bain & Co. explained that smart tourism initiatives mean people can experience what Saudi has to offer even before they arrive in the Kingdom.聽

鈥淎I-driven platforms can personalize travel recommendations, while VR and AR allow global audiences to explore 黑料社区鈥檚 historical sites remotely, generating interest even before they arrive. This hybrid approach鈥 where physical and digital tourism coexist鈥 expands accessibility, ensuring that more people engage with Saudi culture regardless of their location.鈥 they said.

From ADL鈥檚 side, technology is enhancing the travel experience to 黑料社区 with e-visa platforms and digital booking systems, simplifying entry for tourists. Upon arrival, AI-powered assistants offer real-time insights and personalized cultural experiences.

The ADL representative also clarified that digital platforms and the metaverse are expanding 黑料社区鈥檚 cultural reach through virtual heritage tours and interactive storytelling on social media while emphasizing that these efforts preserve and promote the Kingdom鈥檚 history, engaging a global audience.

鈥淥n the sustainability front, AI and IoT-powered monitoring systems protect UNESCO-listed heritage sites while smart waste management and carbon-neutral tourism initiatives ensure responsible development,鈥 Garvin said.




Maite Grau Garvin, principal at Arthur D. Little Middle East. Supplied

Evolution of smart tourism

From Bain & Co.鈥檚 lens, by 2025, smart tourism in 黑料社区 will be characterized by hyper-personalized experiences driven by AI and data analytics.

Abdul Rahman and Allerup shed light on how travelers will be able to use advanced digital assistants to plan their visits, receiving itinerary suggestions tailored to their interests and real-time adjustments based on preferences or changing conditions.

The partners added: 鈥淎dditionally, AI-driven customer service and smart infrastructure will streamline the travel experience, reducing friction and enhancing convenience. These advancements will position 黑料社区 as a global leader in smart tourism, offering visitors not just a journey through history but a glimpse into the future of travel itself.鈥

Garvin from ADL believes that by the end of 2025, the Kingdom鈥檚 tourism sector will be one of the most technologically advanced in the world..

鈥淎s the Kingdom rapidly evolves, it has a unique opportunity to shape its identity as a global travel hub as it is a nation with a rich historical legacy yet a blank canvas in modern tourism,鈥 she said.

She added: 鈥満诹仙缜 isn鈥檛 just preserving its cultural legacy 鈥 it鈥檚 revolutionizing how the world experiences it, setting a new global standard for immersive, sustainable, and technology-driven tourism. By fusing innovation with tradition, 黑料社区 is creating a truly future-proof tourism industry.鈥


Closing Bell: 黑料社区鈥檚 TASI ends higher in green at 110,914

Closing Bell: 黑料社区鈥檚 TASI ends higher in green at 110,914
Updated 30 July 2025

Closing Bell: 黑料社区鈥檚 TASI ends higher in green at 110,914

Closing Bell: 黑料社区鈥檚 TASI ends higher in green at 110,914
  • MSCI Tadawul Index rose 0.93% to close at 1,407.08
  • Parallel market Nomu gained 0.31% to close at 26,809.08

RIYADH: 黑料社区鈥檚 Tadawul All Share Index closed Wednesday鈥檚 trading session higher at 10,914.38, marking an increase of 90.47 points, or 0.84 percent. 

The total trading turnover of the benchmark index reached SR4.32 billion ($1.15 billion), with 145 stocks advancing and 100 declining. 

The MSCI Tadawul Index also rose, climbing 13.03 points, or 0.93 percent, to close at 1,407.08. 

The Kingdom鈥檚 parallel market Nomu gained 83.19 points, or 0.31 percent, to close at 26,809.08. A total of 35 stocks advanced, while 36 retreated. 

Thimar Development Holding Co. was the session鈥檚 top performer, with its share price rising 10 percent to close at SR34.98. 

Other notable gainers included ACWA Power Co., which rose 5.92 percent to SR223.50, and Halwani Bros. Co., up 4.38 percent to SR43.82. 

Tanmiah Food Co. also posted gains, with its share price increasing 4.30 percent to SR91. 

Sport Clubs Co. recorded the steepest decline, with its shares falling 7.17 percent to SR10.23. 

Nahdi Medical Co. followed with a 5.53 percent drop to SR123.10, after announcing a 3.8 percent year-on-year decline in net profit to SR238.4 million for the second quarter ending June 30. 

The company said on Tadawul that the drop in profit was primarily due to increased discounts and promotional offers by its Egyptian subsidiary to enhance competitiveness amid currency fluctuations.

Higher selling and distribution expenses related to new product marketing also weighed on earnings. 

BAAN Holding Group Co. declined 4 percent to close at SR2.40. 

Specialized Medical Co. posted a loss of 3.78 percent, closing at SR19.60, while Alandalus Property Co. declined 2.45 percent to SR19.53. 


Education spending drives Saudi POS transactions to $3.16bn聽

Education spending drives Saudi POS transactions to $3.16bn聽
Updated 30 July 2025

Education spending drives Saudi POS transactions to $3.16bn聽

Education spending drives Saudi POS transactions to $3.16bn聽
  • Education sector recorded SR111.18 million in transaction value
  • Overall POS transactions across all sectors declined 2.9% to 206.46 million

RIYADH: Education spending in 黑料社区 increased by 3.6 percent in the week ending July 26, driving total point-of-sale transactions to SR11.87 billion ($3.16 billion), even as most other sectors saw declines. 

Total POS value remained above the $3 billion mark for the fifth consecutive week despite a 2.7 percent weekly drop, underscoring the resilience of consumer activity across the Kingdom, according to data from the Saudi Central Bank, also known as SAMA. 

The education sector recorded SR111.18 million in transaction value, with the number of transactions slipping 4.1 percent to 140,000, while overall POS transactions across all sectors declined 2.9 percent to 206.46 million. The hotels sector saw a 1.3 percent increase to SR291.07 million. 

On July 29, the Saudi Cabinet approved the new statistics law, enhancing the Kingdom鈥檚 POS reporting with more detailed retail market insights. This update introduces refined subcategories in POS data, improving transparency and supporting data-driven decision-making in line with Vision 2030. 

According to SAMA鈥檚 bulletin, the subcategory of books and stationery saw the largest decrease, dropping by 5.8 percent to SR98.11 million. Spending on airlines ranked next, dropping 5.6 percent to SR65.20 million. 

Food and beverages, the sector with the biggest share of total POS value, recorded a 1.8 percent decrease to SR1.70 billion, while the restaurants and cafes sector saw a 2.4 percent decrease, totaling SR1.55 billion and claiming the second-biggest share of this week鈥檚 POS. 

Spending on transportation ranked third despite a 2.2 percent decline to SR945.76 million. 

The top three categories accounted for approximately 35.3 percent of the week鈥檚 total spending, amounting to SR4.19 billion. 

The smallest decline was seen in spending on freight transport, postal and courier services which decreased by 0.9 percent to SR36.13 million, followed by expenditure on telecommunication, which saw a 1 percent dip to SR131.86 million. 

Geographically, Riyadh dominated POS transactions, with expenses in the capital reaching SR4.1 billion, a 2.7 percent decrease from the previous week.  

Jeddah followed closely with a 3.1 percent dip to SR1.70 billion, while Dammam ranked third, down 2.8 percent to SR566.81 million. 

Al-Jubail saw the smallest increase, inching up 0.6 percent to SR123.04 million, followed by Al-Baha with a 0.7 percent increase to SR76.12 million. 

Hail recorded 3.54 million deals in transaction volume, down 3.2 percent from the previous week, while Tabuk reached 3.93 million transactions, dropping 4.3 percent. 


Egypt鈥檚 Suez Canal Economic Zone revenues jump 38% YoY despite traffic downturn

Egypt鈥檚 Suez Canal Economic Zone revenues jump 38% YoY despite traffic downturn
Updated 30 July 2025

Egypt鈥檚 Suez Canal Economic Zone revenues jump 38% YoY despite traffic downturn

Egypt鈥檚 Suez Canal Economic Zone revenues jump 38% YoY despite traffic downturn

RIYADH: Egypt鈥檚 General Authority for the Suez Canal Economic Zone reported a 38 percent year-on-year increase in revenue in the fiscal year 2024/25, reaching 11.43 billion Egyptian pounds ($234 million).

According to a statement from the Egyptian Cabinet, the authority also recorded a surplus of 8.49 billion pounds during the same period, SCZONE Chairman Walid Gamal El-Din told Prime Minister Mostafa Madbouly during a meeting to review the zone鈥檚 performance and investment pipeline. 

The growth comes despite a steep downturn in traffic through the Suez Canal, which saw revenues decline 54.1 percent to $2.6 billion between July 2024 and March, as ongoing Red Sea tensions triggered a 44.8 percent drop in ship transits. 

The increase aligns with SCZONE鈥檚 objective to attract regional businesses by offering streamlined access to local markets and talent, along with value-driven industrial parks that support integrated supply chains. 

In a statement posted on its official Facebook page, the Cabinet said the SCZONE chairman noted that 鈥渢he authority鈥檚 promotional efforts contributed to achieving actual contracts for industrial, service, and logistics projects worth $7.09 billion for 286 projects, in addition to seaport projects worth $1.5 billion for 11 projects, for a total of $8.6 billion for 297 projects.鈥 

SCZONE Chairman Walid Gamal El-Din, third from left, listens to Prime Minister Mostafa Madbouly, centre. Egypt Cabinet/Facebook

During the meeting, Gamal El-Din highlighted progress in two key industrial areas. In Ain Sokhna, the zone attracted foreign investment in sectors such as renewable energy, electronics, pharmaceuticals, automotive components, and metal manufacturing. 

Meanwhile, the Qantara West zone saw the implementation of 31 projects spanning 2 million sq. meters, with a combined investment of $799 million, expected to generate 45,000 job opportunities. 

Gamal El-Din also outlined how the authority aims to attract new projects in industrial and service sectors such as technology and semiconductors, electronics, engineering equipment and machinery, photovoltaic solar cells, vocational training centers, and silica sand mining and raw materials industries. 

He added that the authority has already secured $43 million in foreign investment in silica mining and modern building materials. 

As part of these efforts, the SCZONE chairman noted that a promotional tour across several Chinese provinces was conducted to attract new foreign direct investment. The visit included high-level meetings with major Chinese firms and culminated in the signing of six new industrial project contracts in the textile and garments sector, valued at a combined $117.5 million. 

The deals represent a strategic step toward deepening economic ties with China and expanding Egypt鈥檚 manufacturing base, the statement added.


Boursa Kuwait net profit surges 61% in H1聽

Boursa Kuwait net profit surges 61% in H1聽
Updated 30 July 2025

Boursa Kuwait net profit surges 61% in H1聽

Boursa Kuwait net profit surges 61% in H1聽

RIYADH: A rise in operating revenues and profitability drove Boursa Kuwait鈥檚 net profit to 15.11 million Kuwaiti dinars ($49.4 million) in the first half of 2025 鈥 a 61.12 percent annual increase.

The growth was underpinned by a 41.13 percent year-on-year rise in total operating revenues to 24.20 million dinars, alongside a 59.53 percent boost in operating profit to 18.47 million dinars, according to a release. 

Earnings per share surged in tandem, rising from 46.71 fils to 75.27 fils by June 30, while total assets reached 123.87 million dinars, reflecting a 9.26 percent increase year-on-year. 

Shareholders鈥 equity attributable to equity holders of the parent company climbed 12.68 percent to 66.20 million dinars. 

The Boursa鈥檚 growth aligns with the World Bank鈥檚 forecast for Kuwait鈥檚 non-oil sector, which is expected to expand by 1.6 percent in 2025, supported by renewed real credit growth and large-scale infrastructure projects such as the Northern Special Economic Zone and Silk City. 

Boursa Kuwait Chairman Bader Al-Kharafi said: 鈥淭hese results reaffirm Boursa Kuwait鈥檚 capacity to navigate the complex geopolitical and economic challenges experienced worldwide while maintaining sustainable growth supported by revenue diversification and enhanced liquidity levels.鈥 

He added: 鈥淭his growth marks a significant milestone in our journey, giving us greater momentum to advance our development plans to modernize market infrastructure, diversify investment instruments and strengthen its appeal to both local and international investors.鈥 

While the oil sector is projected to rebound with 2.2 percent real growth as OPEC+ production cuts ease from May, the broader fiscal outlook remains mixed, with the fiscal deficit forecast to widen to approximately 7.2 percent of gross domestic product due to weaker oil revenues. 

The performance coincides with major enhancements introduced under Part Two of Phase Three of the Market Development Program, a collaborative initiative involving Boursa Kuwait, the Capital Markets Authority, and Central Bank of Kuwait, as well as Kuwait Clearing Co., local banks, and investment and brokerage firms. 

Al-Kharafi credited the achievement to 鈥渟eamless collaboration across the capital market apparatus and a shared determination to create tangible value for investors,鈥 affirming the company鈥檚 commitment to 鈥渄elivering transformative milestones that secure the long-term sustainability of the national economy.鈥 

He also emphasized the role of the private sector, noting that this breakthrough 鈥渦nderscores the private sector鈥檚 agility and effectiveness in advancing development and forging impactful partnerships with the public sector.鈥 

He extended his gratitude to stakeholders, including shareholders, executive management, regulatory authorities, and investors, stating: 鈥淥ur commitment to deliver a superlative investment experience remains unwavering.鈥 

The Kuwaiti capital market recorded a surge in activity during the first half of 2025, with traded value jumping 90.39 percent to 12.63 billion dinars, while traded volume rose 82.95 percent to 49.45 billion shares. 

Market capitalization reached 50.53 billion dinars, a 23.20 percent increase year on year. 

The 鈥淧remier鈥 Market contributed significantly with traded value up 47.09 percent to 7.34 billion dinars and market capitalization up 24.45 percent to 42.27 billion dinars. 

Meanwhile, the 鈥淢ain鈥 Market posted a 221.36 percent rise in traded value to 5.29 billion dinars, alongside a 17.20 percent growth in market capitalization to 8.27 billion dinars. 

Boursa Kuwait CEO Mohammad Saud Al-Osaimi highlighted the effectiveness of recent regulatory and operational reforms. 

鈥淭hese positive indicators showcase the robustness of the Kuwaiti capital market鈥檚 regulatory framework and our continued efforts to enhance infrastructure, diversify products and elevate the investor experience,鈥 he said. 

He noted the strategic role of market segmentation, stating: 鈥淭he 鈥楶remier鈥 Market has maintained stable trading values, while the 鈥楳ain鈥 Market has shown remarkable activity.鈥 

In pursuit of a stronger international presence, Boursa Kuwait has engaged in roadshows and corporate days in partnership with global financial institutions. 

These included events in Asia and London, showcasing the exchange鈥檚 progress and investment potential. 

Al-Osaimi said: 鈥淭hrough active engagement with world-renowned investment banks, sovereign wealth funds, pension funds and asset management firms, the exchange has cultivated a robust investor base.鈥 He added that institutional investors account for 65.08 percent of participants. 

The CEO reiterated the exchange鈥檚 commitment to expanding its product range, enhancing market efficiency, and strengthening investor confidence through transparency and governance. 

Since its privatization in 2019 and self-listing in 2020, Boursa Kuwait has introduced multiple market development phases aimed at boosting its global standing and supporting Kuwait鈥檚 broader economic vision.


Oil Updates 鈥 crude steadies as market weighs up supply risks

Oil Updates 鈥 crude steadies as market weighs up supply risks
Updated 30 July 2025

Oil Updates 鈥 crude steadies as market weighs up supply risks

Oil Updates 鈥 crude steadies as market weighs up supply risks
  • Trump cuts deadline, vows sanctions if Russia makes no progress
  • Supply risks rise over US warning to China over Russian oil
  • China unlikely to comply with US sanctions, analysts say

LONDON: Oil prices steadied on Wednesday as investors awaited developments on US President Donald Trump鈥檚 tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries that trade its oil.

The most active Brent crude futures were down 5 cents or about 0.1 percent, at $71.63 a barrel by 2:26 p.m. Saudi time while US West Texas Intermediate crude slipped 5 cents to $69.61.

The Brent crude September contract that expires on Wednesday was steady at $72.50.

Both contracts had fallen nearly 1 percent earlier in the day.

鈥淓vents in the last few days have moved the needle a touch more, but we still appear to be somewhat rangebound and testing the next resistance level,鈥 said Rystad Energy analyst Janiv Shah.

Trump had said on Tuesday that he would start imposing measures on Russia, such as secondary tariffs of 100 percent on trading partners, if it did not make progress on ending the war within 10 to 12 days, moving up from an earlier 50-day deadline.

The US also warned China, the largest buyer of Russian oil, that it could face huge tariffs if it kept buying, Treasury Secretary Scott Bessent told a news conference in Stockholm.

JP Morgan analysts wrote that while China was unlikely to comply with US sanctions, India has signalled it would do so, which could affect 2.3 million barrels per day of Russian oil exports.

鈥淥il prices reacted strongly yesterday, so there is some profit booking,鈥 said UBS commodity analyst Giovanni Staunovo, adding that data from the American Petroleum Institute from Tuesday was also bearish for crude.

鈥淢arket participants are also taking into account that low prices and secondary sanctions/tariffs on Russia won鈥檛 work at the same time.鈥

US crude and distillate stocks rose last week while gasoline inventories fell, market sources said, citing API data.

鈥淒epending on the outcome of the US-Russia discussions, tariff implementation and the OPEC+ meeting and announcement on unwinding (of output cuts), the market could see some movement,鈥 Rystad鈥檚 Shah added.