'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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News Network
May 7,2020

Dubai, May 7: The holy month of Ramadan is expected to be a 30-day month this year, said Ibrahim Al Jarwan, member of the Arab Union for Astronomy and Space Sciences.

According to Arabic daily Emarat Al Youm, he said that Sunday, May 24, will mark the end of the holy month of Ramadan and the beginning of Shawwal.

Additionally, he said that the crescent of Shawwal will occur on Friday, May 22, at 9.39pm, after sunset, and will be visible on Sunday, May 24, the beginning of Shawal, which makes Ramadan a 30-day month this year.

He added that the next Ramadan is expected to start on April 13, 2021, and the one after that on April 2, 2022.

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News Network
March 11,2020

Mar 11: Energy giant Saudi Aramco on Wednesday said it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies.

"Saudi Aramco announces that it received a directive from the ministry of energy to increase its maximum sustainable capacity from 12 million bpd to 13 million bpd," the company said in a statement to the Saudi Stock Exchange.

The decision comes a day after the world's top exporter, Saudi Arabia, decided to hike production by at least 2.5 million bpd to a record 12.3 million from April.

The Saudi moves come after the collapse of an oil production reduction agreement between OPEC and non-OPEC producers, including Russia.

The deal proposed by Saudi Arabia called for additional output cuts of 1.5 million bpd to cope with the severe economic impact of the coronavirus which has sharply reduced world demand for crude.

Boosting production capacity normally takes a long time and requires billions of dollars of investment.

Several years ago, the kingdom had shelved plans to boost its crude production capacity beyond 12 million bpd after demand for OPEC oil declined in the face of stiff competition from North American shale oil and other sources.

Russia on Tuesday said it was open to renewing cooperation with the OPEC cartel even as its kingpin Saudi Arabia escalated a price war with Moscow by announcing it would flood markets with new supplies.

The oil price war broke out after OPEC and a group of non-member countries dominated by Russia -- the world's second largest producer -- on Friday failed to agree on production cuts.

Saudi Arabia responded by announcing unilateral price cuts. This prompted the oil price to plummet and fuelled huge falls on stock markets around the world on Monday.

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News Network
April 10,2020

Dubai, Apr 10: Saudi Arabia reported 364 new coronavirus cases and three new virus-related deaths, the Ministry of Health announced on Friday.

The total number of confirmed cases in the Kingdom is 3,651, out of which 2,919 are currently active, the ministry added.

Out of the new cases, 90 were recorded in Mecca, 78 in Medina, 69 in Riyadh, and 54 in Jeddah, the ministry said.

Meanwhile, the number of fatalities rose to 47, while th number of recoveries reached 685.

The daily number of confirmed cases in Saudi Arabia has not peaked yet, and has been rapidly accelerating.

Saudi Arabia’s Minister of Health had said earlier this week that four different studies showed that the number of coronavirus cases in the Kingdom could reach between 10,000 to 200,000 within weeks.

The ministry spokesman emphasized the urgent need for citizens and residents to remain at home and maintain social distancing practices to ensure that the virus does not spread further.

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