BREAKING NEWS | Saudi Arabia’s King Salman Opens 8th Shoura Council Session

9

Saudi Arabia’s King Salman, in the presence of Crown Prince Mohammed Bin Salman, opened the eight session of the Saudi Shoura Council on Wednesday.

The king said during his speech that the Kingdom was working to complete large-scale projects to facilitate the performance of Umrah pilgrims, and that it was keen to prepare for the Hajj pilgrimage under the exceptional circumstances of the ongoing coronavirus pandemic.

He added that the Kingdom had responded to the economic effects of coronavirus with initiatives and swift measures, including 218 billion riyals ($58.1 billion) for private sector support and 47 million riyals ($12.53 billion) for the health sector, therefore reducing the economic and health impact of the pandemic, Saudi Press Agency (SPA) reported.

Saudi Arabia has also supported international efforts to contain the effects of the COVID-19 pandemic globally and has provided medical aid and supplies to a number of counties, the king said to the top government advisory body.

‘I reiterate my thanks to my brothers, sisters, sons and daughters, citizens and residents, for their understanding and cooperation in adhering to measures and protocols’, he said.

King Salman also spoke about oil prices, adding that the Kingdom – since the establishment of OPEC- had been working and continued to work to ensure the stability of global oil supplies to serve both producers and consumers despite COVID-19’s impact on oil markets.

He also said Saudi Arabia played a pivotal role in establishing and maintaining the OPEC+ agreement earlier in the year.

The king said Saudi Arabia’s Vision 2030 program was a road map for a better future for the Kingdom, citing its impact on improving government services and raising the percentage of house ownership as examples.

He added that Vision 2030 was working to empower women and continued to develop entertainment, sports and tourism in the Kingdom.

Speaking about Iran, King Salman reaffirmed the seriousness of the Iranian regime’s malign regional influence, and that Iran was interfering in the countries of the region, supported terrorism and extremism as well as fueling sectarianism.

‘The kingdom stresses the dangers of Iran’s regional project, its interference in the other countries, its fostering of terrorism, its fanning the flames of sectarianism… in its efforts to possess weapons of mass destruction’, the king told Shoura Council members via videolink.

A firms stand should be taken by the international community toward the Iranian regime, and a radical solution had to be found to ensure that Iran does not develop nuclear and ballistic missile programs, he added.

King Salam also said the Iranian – backed Houthi militia in Yemen continued to violate international laws through its actions in the country.

‘We affirm the support of the Yemeni people so that Yemen can regain its sovereignty from Iran’s control’, he said, adding that ‘we will continue to provide humanitarian aid to the Yemeni people’.

He said the Kingdom rejected any attempts to interfere in its internal affairs, as well as rejecting terrorism, extremism and its financing.

The king said he condemns the Iran – backed Houthis’ deliberate targeting of civilians in the Kingdom via drones and ballistic missiles.

‘Our region is facing attempts by regional powers seeking to impose their political influence and spread their extremist ideology to serve their own interests’, he said.

Speaking about the wider Middle East region, King Salman said the Kingdom supports efforts to bring peace to the region through negotiations between Palestinians and Israelis to reach a fair and permanent agreement, adding that Saudi Arabia supports the Palestinian people’s right to have an independent state with East Jerusalem as its capital.

He also reaffirmed the Kingdom’s solidarity with Iraq and its people, and the efforts of the Iraqi government in its fight against terrorism. He also said Saudi Arabia supported efforts to preserve the unity of Syria and the exit of militias and mercenaries from the country.

He said Kingdom called for an end to foreign interference in Libya’s affairs and stressed the importance of supporting Sudan at the present time.

He said Saudi Arabia’s chairmanship of the G20 confirms the strength of its economy, which affects the stability of the world economy.

The Kingdom assumed the G20 presidency on Dec.1, 2019 and is set to host its annual 15th G20 Summit in the capital Riyadh later this month.

‘During the G20 Summit, we are looking forward to finding solutions to the pressing issues of the 21st century’, King Salman added.

Meanwhile, he said ‘we are continuing with out approach to combating and eliminating corruption to preserve public money’, adding that the Kingdom will continue to announce all corruption cases and investigations with full transparency.

Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

PARIS, France – Saudi Arabia’s industry and Mineral Resources said on Friday the country would invest $3.4 billion in the vaccine and biomedical drugs sector, according to state news agency SPA. The Minister Bandar Alkhorayef, who heads the newly – established vaccines and biopharmaceutical industry committee, said the move is part of the kingdom’s push … More Saudi Arabia To Invest $3.4 Bln In Vaccine,Biomedical Drugs Sector

Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

PARIS, France – Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Egypt on Monday and was welcomed by Egyptian President Abdel – Fattah el Sisi, state news agency SPA reported. The Crown Prince’s visit to Egypt is part of a tour that will include visiting Jordan and Turkey next. The visits were based on … More Saudi Arabia’s Crown Prince Arrives In Egypt, Will Visit Jordan And Turkey Next

Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

PARIS, France – Sheikh Mansour bin Zayed, the UAE’s deputy prime minister and minister of presidential affairs, on Wednesday launched the National Media Office. The unit is tasked with developing the media sector, legislation, regulations, and decisions on media development while also monitoring the implementation of legislation in coordination with the relevant authorities and administrative … More Sheikh Mansour Bin Zayed Establishes National Media Office in UAE

Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

PARIS, France – Abu Dhabi state fund Mubadala and a fund managed by European buyout firm EQT have agreed to buy Envirotainer, a Swedish company which leases out cold containers for shipping temperature – sensitive healthcare products. Mubadala and the EQT X fund are buying the company from European buyout firm Cinven and Denmark life … More Abu Dhabi’s Mubadala And EQT Fund To Buy Sweden’s Envirotainer

Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

PARIS, France – Russian Foreign Minister Sergei Lavrov will visit Saudi Arabia on Wednesday where he will meet with the foreign ministers of the Gulf Cooperation Council Countries (GCC), two Gulf officials said on Tuesday. Lavrov is expected to meet with ministers of Saudi Arabia, the United Arab Emirates, Oman, Kuwait, Bahrain and Qatar in … More Russia’s Lavrov To Meet With GCC Ministers In Riyadh On Wednesday – Officials

Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources

DUBAI – Dubai’s Emirates Central Cooling System Cooperation (Empower) has invited investment banks to pitch for roles in its planned initial public offering, which is slated for later this years, two sources with direct knowledge of the matter said. Empower, which is part owned by Dubai Electricity and Water Authority (DEWA), has asked banks to … More Dubai Cooling Firm Empower Invited Banks To Pitch For IPO – Sources

Saudi Finance Minister Says No Immediate Plans To Transfer More Funds To PIF

DAVOS, SWITZERLAND – Saudi Arabia’s finance minister said on Monday there were no immediate plans to transfer more funds to the Public Investment Fund (PIF), the sovereign wealth fund at the centre of the kingdom’s plans to diversify its economy away from oil. The PIF manages over $600 billion in assets, a figure that has … More Saudi Finance Minister Says No Immediate Plans To Transfer More Funds To PIF

Guardiola Becomes England’s Most Successful Foreign Manager

PARIS, France – Spaniard Pep Guardiola became the most successful foreign manager in English football, in terms of league titles won, when he clinched his fourth Premier League crown on Sunday. With his latest success, the Manchester City manager moved above Frenchman Arsene Wenger and Portuguese Jose Mourinho who both have three Premier League titles … More Guardiola Becomes England’s Most Successful Foreign Manager

Qatari Foreign Minister: Iran Says It Has Matters ‘Under Review’ Over Nuclear Pact

PARIS, France – Qatar’s foreign minister said in remarks cited on Saturday by Al Jazeera TV that Qatar had been informed by Iran that matters were ‘under review’ regarding a nuclear deal between Iran and world powers. The Qatari – based TV broadcaster quoted Foreign Minister Sheikh Mohammed bin Abdulraham Al – Thani as saying … More Qatari Foreign Minister: Iran Says It Has Matters ‘Under Review’ Over Nuclear Pact

Greece Lifts COVID Curbs For Travellers Ahead Of Key Summer Season

ATHENS, Greece – Greece lifted COVID-19 restrictions on Sunday for foreign and domestic flights, its civil aviation authority said, ahead of the summer tourism season that officials hope will see revenues bouncing back from the pandemic slump. To fly in or out of the country, travellers were previously required to show either a vaccination certificate, … More Greece Lifts COVID Curbs For Travellers Ahead Of Key Summer Season

Saudi, Pakistan To Discuss Possible Support For Kingdom’s $3 Billion Deposit

PARIS, France – Saudi Arabia and Pakistan will discuss the possibility of supporting the kingdom’s $3 billion deposit in Pakistan’s central bank bank by extending its term ‘or through other options’, a joint statement carried by Saudi State News Agency SPA said on Sunday. Last year, Saudi Arabia deposited $3 billion in Pakistan’s central bank … More Saudi, Pakistan To Discuss Possible Support For Kingdom’s $3 Billion Deposit

Loading…

Something went wrong. Please refresh the page and/or try again.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s