King Salman turns new page on ties with Russia

Arab News
October 3, 2017

Jeddah, Oct 3: A new page will be turned in relations between Saudi Arabia and Russia on Thursday when King Salman arrives in Moscow for a historic visit.

The visit, the first to Russia by a reigning Saudi monarch, will boost already solid ties between the two countries, with shared interests in security, energy and trade.

King Salman is also expected to have talks with Russian President Vladimir Putin on resolving the conflict in Syria.

“We are awaiting the king’s visit on Thursday,” senior Kremlin aide Yury Ushakov said on Monday. King Salman will lead a high-powered delegation of government and private-sector figures, reflecting the importance of the visit to Moscow, which regards Riyadh as a potential source of investment to help Russia weather the economic sanctions imposed by the West.

During previous visits by Saudi officials, Riyadh pledged to invest $10 billion in the Russian Direct Investment Fund.

The Kingdom will also be looking to enhance its food and water security by investing in Russian land to boost its strategic reserves, benefiting from Russia’s relative political and economic stagnation.

Kremlin spokesman Dimitry Peskov said Saudi Arabia played a major role in Arab affairs and relations between Arab countries, and was a leader in the Arab world.

Russia would be seeking to bolster dialogue, he said, with discussions on the situation in the Middle East, and in Syria in particular.

Crown Prince Mohammed bin Salman, a frequent visitor to Russia, met President Putin at the Kremlin in May, when they agreed to enhance cooperation on oil and energy, and to narrow the gap between them on the Syrian conflict.

There is optimism that King Salman’s visit comes at at the right time, as the MENA region undergoes critical and significant changes.

Saudi Arabia and Russia are also major oil producers, who have joined with other countries to reduce output and reduce the glut of oil supplies, pushing the price to about $55 per barrel.

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News Network
July 10,2020

Dubai, Jul 10: Saudi Minister of Culture Prince Badr bin Abdullah bin Farhan has appointed Dina Amin as CEO of the Visual Arts Commission.

She will take the lead in implementing the ministry’s vision and directions in promoting and developing visual arts in the Kingdom and empowering practitioners in the field.

Amin is a leading Saudi specialist in visual arts and the international contemporary art field. She gained a bachelor’s degree in art history and architecture from Wellesley College, in the US, and also attended a collaborative program in architecture at Massachusetts Institute of Technology.

During her career, spanning more than two decades, she has held senior positions in prominent international arts companies, including most recently Phillips, a global auction house for art, design, watches, jewels, and more.

She has also worked at Christie’s, one of the world’s most famous auction houses, employed in senior roles at the company’s international offices including New York, Dubai, and London.

The Visual Arts Commission is one of 11 new cultural bodies recently launched by the Ministry of Culture in line with the Saudi Vision 2030 reform plan to manage the empowerment and development of the Kingdom’s cultural sector. The commission will be responsible for managing and developing the visual arts sector to help achieve the ministry’s goals.

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News Network
May 22,2020

Rajan Kurian with wife Berly Rajan Kurian, son Brian, daughter Bella and mother Valsa

Dubai, May 22: A 43-year-old Indian businessman won USD one million (approximately Rs 7.59 crore) in the Dubai Duty Free draw.

Rajan Kurian, who owns a construction business in Kerala, had bought the ticket online.

Mr Kurian said he was grateful for the win, considering the gloomy circumstances prevailing in the world due to the coronavirus pandemic.

"I will set aside a good part of my win to help the needy. I feel grateful with the win but I need to share it with people who need it," he said. 

Mr Kurian said some of the money will go into growing his business.

"The last few months have been tough with the COVID-19 situation. My business has come to a standstill. This money will be put to good use," he said.

An Indian expat also won a BMW motorbike in the lucky draw held on Wednesday.

A longtime resident of Dubai for 30 years now, 57-year-old Syed Hydrose Abdulla, who works as a public relations officer in a beverages company, had also bought the ticket online.

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Debasisdhara
 - 
Saturday, 18 Jul 2020

Lucky prize money send me please

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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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