'Economic growth key to fight against extremism'

Agencies
September 16, 2017

New York, Sept 16: Economic development is a key factor in deterring young people in the Middle East and elsewhere from becoming involved in violent extremism, a gathering of world leaders heard in New York.

A one-day youth forum on tolerance — held under the joint auspices of the MiSK Foundation, the Saudi Arabian philanthropic organization headed by Saudi Crown Prince Mohammed bin Salman, and the UN Development Program — was told that economic advancement would encourage young people to participate in civil society and peaceful dialogue.

Abdullah Al-Mouallimi, Saudi ambassador to the UN, told the forum that the Kingdom’s Vision 2030 strategy aligned with the UN’s 2030 Agenda for Sustainable Development.

“Both have not only economic parameters, but are also about the potential in society, the environment and in justice. The Saudi strategy describes a vision of how to move from dependence on one commodity and how to develop a more coherent society with integrity in its approach to social issues, which are also the goals of the UN,” Al-Mouallimi said.

He highlighted the role of young women in the transformation. “Saudi women comprise 60 percent of the college population in Saudi Arabia, and they are going to come to the workforce and make a dramatic difference,” Al-Mouallimi said.

Bader Al-Asaker, secretary-general of the MiSK Foundation, said: “Our aim is to shine a light on the transformative power of youth, to lift them up and prove a platform for young people to create positive change.”

Michael Bloomberg, the media entrepreneur and former mayor of New York, said that he was in partnership with MiSK in Saudi Arabia to train young citizens in economics and finance. He said that the growing number of young people who live in cities, both in the Middle East and the rest of the world, would help promote tolerance and peace.

“Some people call them the millennial generation, but I’d rather refer to them as the metropolitan generation. Now 50 percent of the world’s population live in cities, and nothing has done more than cities to spread tolerance and peace in the world. Cities also encourage innovation and sustainable development,” he added.

Achim Steiner, administrator of the UN Development Program, also stressed the role of economic development in nurturing tolerance. “For young people, achieving the Sustainable Development Goals means the possibility of attending school, having access to health care, participating in their civic and political discourse, and living free from conflict. It means having hope and prosperity.”

The one-day MiSK event in New York consisted of high-level panel discussions, speeches and workshops, with more than 20 youth leaders from round the world.

A senior adviser to MiSK said the event was part of the Kingdom’s global outreach program, and that there would be further cooperation between Saudi Arabia and the UN on specific development initiatives.

“The younger generation is driven by the desire to create an impact, and if you don’t give them opportunities in entrepreneurship they’ll find another way to do that,” the adviser said.

The MiSK-UN event, which was attended by more than 400 people from 60 countries, coincided with the 72nd Session of the UN General Assembly (UNGA).

A panel moderated by former NBC News anchor Tom Brokaw and featuring former US Secretary of State Madeleine Albright focused on the information revolution and what she called the “disaggregation” of news. Albright advised the young audience to be skeptical about the information they encounter, especially on social media.

Two other panels discussed the challenges faced by refugees around the world and how best to counter violent extremists. Panelists on the latter panel stressed the importance of engaging with youth and offering them a sense of hope and purpose.

One memorable moment came when Saudi writer Kawthar Al-Arbash recounted the moment she learned that her son had been killed after he stopped a suicide bomber from carrying out an attack inside a mosque in the city of Dammam. Her moving, personal account was met with a standing ovation.

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Agencies
April 27,2020

Riyadh, Apr 27: A Saudi Arabia-led coalition said on Monday that all parties need to return to the status that existed before the Southern Transitional Council (STC) in Yemen declared an emergency in Aden, according to a statement published by Spa.

The Coalition to Restore Legitimacy in Yemen, led by Saudi Arabia and the UAE, stresses the need to restore conditions to their previous state following the announcement of a state of emergency by the Southern Transitional Council and the consequential development of affairs in the interim capital (Aden) and some Southern governorates in the Republic of Yemen.

The Coalition urges for an immediate end to any steps contrary to the Riyadh Agreement, and work rapidly toward its implementation, citing the wide support for the agreement by the international community and the United Nations.

The Coalition has and will continue to undertake practical and systematic steps to implement the Riyadh Agreement between the parties to unite Yemeni ranks, restore state institutions and combat the scourge of terrorism. The responsibility rests with the signatories to the Agreement to undertake national steps toward implementing its provisions, which were signed and agreed upon with a time matrix for implementation. The Coalition demands an end to any escalation and calls for return to the Agreement by the participating parties, stressing the immediate need for implementation without delay, and the need to prioritise the Yemeni peoples' interests above all else, as well as working to achieve the stated goals of restoring the state, ending the coup and combatting terrorist organizations.

The Coalition reaffirms its ongoing support to the legitimate Yemeni government, and its support for implementing the Riyadh Agreement, which entails forming a competent government that operate from the interim capital Aden to tackle economic and developmental challenges, in light of natural disasters such as floods, fears of the coronavirus (Covid-19) pandemic outbreak, and work to provide services to the brotherly people of Yemen.

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News Network
May 5,2020

Dubai, May 5: A Saudi ministerial decision issued on Monday allows companies in the private sector to reduce salaries by 40 per cent and allows termination of contracts owing to the economic hardships resulting from the COVID-19 pandemic, according to daily newspaper Al Sharq Awsat.

The new decision was still not published by the cabinet according to the newspaper.

The decision which the newspaper saw a copy of was signed by Saudi Ministry of Human Resources and Social Development to regulate the labour contract in the current period, allows employers to reduce the employees salaries by 40 percent of the actual effective wage for a period of 6 months, in proportion to the hours of work and allowing the termination of employee contract after 6 months of the COVID-19 circumstances.

The new decision has also included a provision in which the employer would be allowed to cut wages even he or she benefits from the subsidy provided by the goverment, such as those for helping pay workers wages or exemption from government fees.

The decision also stressed that employers are not allowed to terminate any employee, unless three conditions are met.

1.            First the passing of six months since the measures of salary cut has been taken

2.            Reducing pay, annual leave and exceptional leave were all used

3.            Company proves that its facing financial troubles due to the circumstances.

The memo, which goes into affect as soon as its published in the government’s official newspaper, ensures that the employee will receive his/her salary if on annual leave within the period of 6 months.

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News Network
January 3,2020

Hong Kong, Jan 3: Oil prices soared more than four per cent Friday following claims that the US had killed a top Iranian general, ratcheting up tensions between the foes and fuelling fears of a conflict in the crude-rich region.

The head of Iran's Quds Force, Qasem Soleimani, was hit in an attack on Baghdad international airport early Friday, according to Hased, a powerful Iraqi paramilitary force linked to Tehran.

Brent surged 4.4 per cent to USD 69.16 and WTI jumped 4.3 per cent to 63.84.

“Oil prices still have room for further upside as many analysts are still having to upgrade their demand forecasts to include a rather calm period on the trade front,” Moya said, referring to the warming trade relation between China and the United States.

“President Trump is likely to take a break on being ‘tariff man’ until we get beyond the presidential election in November.”

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