Davos 2017: Saudi foreign minister says US has ‘most to lose’ from JASTA

January 18, 2017

Davos, Jan 18: The US has the most to lose from the controversial Justice Against Sponsors of Terrorism Act (JASTA) bill, Saudi Arabia’s foreign minister has said.

JASTAThe bill’s limitation of sovereign immunities would leave the US open to being sued by almost every country on the planet, Adel Al-Jubeir warned at the World Economic Forum (WEF) Annual Meeting in Davos.

“The country that has the most to lose from dilution of sovereign immunities is the US itself. And American officials know this. Because America has the largest footprint in the world, they operate all over the world, they’re fighting wars all over the world,” he told the WEF meeting on Tuesday.

“If that principle is eroded, then the US could be sued in virtually every country in the world.”

Al-Jubeir, answering a question posed by Arab News, said that he hoped Congress would see sense regarding JASTA.

“When you dilute sovereign immunities, you turn the international order into the law of the jungle. For example, allowing a country to use your airspace in warfare could subject you to a lawsuit. Using drones could subject you to lawsuit,” he said.

“Our hope is that wisdom will prevail and the Congress will do the right thing.”

The minister was addressing the 47th WEF in Davos, the annual meeting of global movers and shakers. The meeting concludes Friday — the same day Donald Trump is set to be sworn in as US president.

Al-Jubeir said he expects the US to go through “a period of engagement with the world” under the new administration.

He would like to see “more American engagement in the world, more American engagement in the region, rebuilding of relationships with allies, a serious effort to destroy ISIS, a serious effort to contain Iran. And I think the change will happen.”

The minister also used the Davos platform to express his concern over Iran’s activities in the Middle East region, saying that Tehran should be held responsible for its “support of terrorism”.

“Iran has been single-handedly the most important supporter of terrorism in the region,” Al-Jubeir said. “I find it interesting that virtually every country in the world has been attacked by Al-Qaeda and Daesh, except Iran. Why?”

There are “a number of countries including Saudi Arabia” that have concerns about the nuclear deal between Iran and Western powers, the minister added.

“Do people trust the Iranian regime in not trying to acquire a nuclear weapon? I don’t think they do,” he said. “The fact that it has gotten away with so much over so many years is an issue of great concern.”

Earlier on Tuesday, Chinese President Xi Jinping gave an address to the forum in Davos, in which he issued a stark warning against protectionism and promoted globalization.

In what has been interpreted by some as a message to the new US president, Xi told the Annual Meeting in Davos: “No one will emerge as a winner in a trade war.”

Al-Jubeir said China’s rise on the world stage should be welcomed, not seen as a threat. “The rise of China should be a source of stability rather than conflict,” he said.

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News Network
April 24,2020

Dubai, Apr 24: The UAE reported 525 new COVID-19 cases on Friday. The Ministry of Health and Prevention said the total number of confirmed cases in the UAE is now 9,281.

MOHAP reported 8 deaths taking the total number of deaths in the country to 64. 123 recoveries have also been announced.

According to the Ministry of Health and Prevention, the latest cases were detected through its intensified investigation and examination procedures.

The ministry conducted over 32,000 additional COVID-19 tests among citizens and residents.

The ministry offered its sincere condolences to the families of the deceased. It also wished a speedy recovery to all patients and called upon the general public to strictly adhere to preventative measures out of concern for the health and safety of all.

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Agencies
April 8,2020

Riyadh, Apr 8: Saudi Arabia's health minister has warned the number of COVID-19 cases in the country could reach 200,000 in coming weeks.

As of Tuesday, the kingdom registered a total of 2,795 coronavirus infections, including 41 deaths.

"Within the next few weeks, studies predict the number of infections will range from a minimum of 10,000 to a maximum of 200,000," health minister Tawfiq al-Rabiah was cited as saying by the official Saudi Press Agency on Tuesday.

On Monday, Saudi Arabia extended the duration of daily curfews in four governorates and five cities to 24 hours.

The kingdom imposed round-the-clock lockdowns in the capital Riyadh, Tabuk, Dammam, Dhahran and Hofuf, the interior ministry said on Twitter.

The same measures were also imposed on the governorates of Jeddah, Taif, Qatif and Khobar, the ministry added.

Authorities had already sealed off the holy cities of Mecca and Medina, barring people from entering and exiting as well as prohibiting movement between all provinces.

Last month, Saudi Arabia suspended the year-round "Umrah" pilgrimage over fears of the coronavirus pandemic spreading to Islam's holiest cities.

Authorities are yet to announce whether they will proceed with this year's Hajj, scheduled for the end of July. Last week, authorities urged Muslims to temporarily defer preparations for the annual pilgrimage.

Last year, about 2.5 million people travelled to Saudi Arabia to take part in the Hajj, which all Muslims must perform at least once in their lives if able.

The Arab world's biggest economy has also closed down cinemas, malls and restaurants and halted flights as it steps up efforts to contain the virus.

King Salman has warned of a "more difficult" fight ahead against the virus, as the kingdom faces the economic double blow of virus-led shutdowns and crashing oil prices

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News Network
March 11,2020

Riyadh, Mar 11: Energy titan Saudi Aramco said Tuesday it will boost crude oil supplies to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia.

Riyadh had already slashed its price for April delivery after Russia refused its proposal that producer alliance OPEC+ orchestrate a co-ordinated cut of 1.5 million barrels per day.

The production cut had been mooted to shore up global oil prices, which have gone into meltdown as the deadly new coronavirus casts a pall over the world economy, but now price cuts and rising output indicate an unravelling of OPEC+ co-operation.

"Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day of crude oil in April," the company said in a statement to the Saudi stock exchange.

Saudi Arabia, the world's biggest crude exporter has been pumping some 9.8 million bpd so its announcement on Tuesday means it will be adding at least 2.5 million bpd from April.

"The Company has agreed with its customers to provide them with such volumes starting 1 April 2020. The Company expects that this will have a positive, long-term financial effect," the statement said.

Saudi Arabia says it has an output capacity of 12 million bpd but it is not known for how long it can sustain such levels.

The kingdom also has millions of barrels of crude stored in strategic reserves to be used when needed and is expected to use it to provide the extra supply to the global market.

"Production above 12 million bpd shows the Saudis have something to prove," director of Britain-based RS Energy Bill Farren-Price said.

"This is a grab for market share. The taps are open and the prices have been cut sharply," Farren-Price told AFP.

In a quick response, Russian Energy Minister Alexander Novak said Moscow could boost production in the short term "by 200,00-300,000 bpd, with a potential of 500,000 bpd in the near future".

But he stressed that Moscow was in favour of extending a December agreement that had seen OPEC and Russia agree to cut production by 500,000 barrels per day in 2020, lowering output from October 2018 levels by 1.7 million barrels per day.

The events of recent days have signalled a disintegration of collaboration between OPEC and Russia.

Russia is a non-OPEC member and the world's second-biggest oil producer, but Moscow and other non-members have in recent years co-operated with the oil cartel in an arrangement known as OPEC+.

The Saudi price cuts over the weekend, which were the first salvo in the price war, sent oil prices crashing -- registering the single biggest one-day loss in three decades on Monday.

Saudi Arabia draws around 70 per cent of its revenues from oil, and the revenues are key to ambitious reform programmes launched by Crown Prince Mohammed bin Salman.

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