King Salman’s team takes charge in Saudi Arabia

February 2, 2015

Jeddah, Feb 2: Saudi Arabia is all set for a new era under Custodian of the Two Holy Mosques King Salman as the newly appointed ministers and regional governors took oath of office in front of the king at Al-Yamamah Palace on Sunday.

team

King Salman urged the new governors and ministers to give top priority for the welfare and prosperity of citizens. “May Allah help us all to serve our religion, nation and people,” the king said in a brief speech.

He expressed his confidence in the new governors and ministers who took oath of office on Sunday, describing them as “the roots of this country founded by King Abdul Aziz.”

He highlighted Saudi Arabia’s position as the heart of the Muslim world and the cradle of Islam.

King Salman called upon Saudis to strengthen their unity and solidarity to bolster the Kingdom’s security and stability. He noted the great contributions made by previous kings.

“King Abdullah always advised me to give top priority for our citizens and our religion,” the king said.

Makkah Gov. Prince Khaled Al-Faisal, Riyadh Gov. Prince Faisal bin Bandar, State Minister Prince Mansour bin Miteb, National Guard Minister Prince Miteb bin Abdullah, Defense Minister Prince Mohammed bin Salman, and Islamic Affairs Minister Saleh Al-Asheikh, Education Minister Azzam Al-Dakhil and Culture and Information Minister Adel Al-Toraifi were sworn in during the ceremony. They swore separately: “In the name of Allah, the most gracious, the most merciful, I swear by Allah Almighty to be loyal to my religion, king and country, and not to divulge the state secrets, to maintain its interests and regulations, and to perform my duties sincerely, honestly and faithfully.”

Other ministers who took oath were: Justice Minister Walid Al-Samaani, State Minister Matlab Al-Nafeesa, State Minister Musaed Al-Aiban, Petroleum and Mineral Resources Minister Ali Al-Naimi, Finance Minister Ibrahim Al-Assaf, Water and Electricity Minister Abdullah Al-Hussayen and Labor Minister Adel Fakeih.

Housing Minister Shuwaish Al-Dhuwaihi; Haj Minister Bandar Hajjar; Economy and Planning Minister Mohammed Al-Jasser, Minister of Commerce and Industry Tawfiq Al-Rabiah, Minister of State for Shoura Affairs Mohammed Abusaq, Minister of State Essam bin Saeed; Minister of Transport Abdullah Al-Muqbil, Minister of Communications and Information Technology Mohammed Al-Suwaiyel; Minister of Social Affairs Majed Al-Qassabi, Minister of State Saad Al-Jabri, Minister of State Mohammed Al-Asheikh; Minister of Municipal and Rural Affairs Abdul Latif Al-Asheikh; Minister of Health Dr. Ahmed Al-Khateeb; Minister of Civil Service Khaled Al-Araj, Minister of Agriculture Abdul Rahman Al-Fadli, and Assistant Shoura President Yahya Al-Samaan.

In a statement after taking oath, Al-Toraifi thanked King Salman for the appointment. “I thank the king for the trust bestowed on me. I value this trust and I am proud of it. I hope that I will live up to the expectations.”

Abdul Rahman Al-Zamil, president of the Council of Saudi Chambers, said he expected a new era of cooperation between the public and private sectors during King Salman’s era.

“There has been high optimism in business circles after King Salman ascended the throne,” he said.

Al-Zamil commended King Salman’s open-door policy that gave an opportunity for citizens to present their complaints to government departments. “We know King Salman for the last 50 years as governor of Riyadh,” he said while praising his efforts to make Riyadh a world-class city.

Samira Al-Suwayegh, chairperson of the Executive Council for Businesswomen at Asharqia Chamber, said the new decisions issued by the king would help achieve sustainable development. “It will also open new horizons of progress in the economic sector and open the door for women to participate in economic and investment ventures inside and outside the Kingdom,” she said.

Rima Al-Shahrani, a businesswoman, said King Salman’s programs would have a positive impact on the national economy and create more job opportunities for Saudi men and women. “It will also improve the living condition of citizens across the country,” she added.

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MURUGAN RAMASAMY
 - 
Wednesday, 24 Feb 2016

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Agencies
January 4,2020

Baghdad, Jan 4: At least five people were killed on Saturday by an airstrike on a vehicle convoy of Iraq's Shia Popular Mobilization Forces in northern Baghdad, a source in security forces told Sputnik.

Earlier in the day, the source told Sputnik about a powerful explosion in Baghdad's northern district of Taji.

"A vehicle convoy of the Popular Mobilization Forces has been attacked. According to preliminary data, five people have died. Their names have not been clarified so far," the source said.

On Friday, several senior members of the Popular Mobilization Forces, as well as commander of the elite Quds Force of Iran's Revolutionary Guard Corps Qasem Soleimani, were killed by a US drone attack near the Baghdad International Airport.

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Agencies
August 2,2020

Dubai, Aug 2: The United Arab Emirates (UAE) announced on Saturday that it has started operations in the first of four reactors at the Barakah nuclear power station - the first nuclear power plant in the Arab world.

Emirates Nuclear Energy Corporation (ENEC), which is building and operating the plant with Korea Electric Power Corporation (KEPCO) said in a press release that its subsidiary Nawah Energy Company "has successfully started up Unit 1 of the Barakah Nuclear Energy Plant, located in the Al Dhafrah Region of Abu Dhabi".

That signals that Unit 1, which had fuel rods loaded in March, has achieved "criticality" - a sustained fission chain reaction.

"The start-up of Unit 1 marks the first time that the reactor safely produces heat, which is used to create steam, turning a turbine to generate electricity," said ENEC.

Barakah, which was originally scheduled to open in 2017, has been dogged by delays and is billions of dollars over budget. It has also raised myriad concerns among nuclear energy veterans who are concerned about the potential risks Barakah could visit upon the Arabian Peninsula, from an environmental catastrophe to a nuclear arms race.

Paul Dorfman, an honorary senior research fellow at the Energy Institute, University College London and founder and chair of the Nuclear Consulting Group, has criticised the Barakah reactors' "cheap and cheerful" design that he says cuts corners on safety.

Dorfman authored a report (PDF) last year detailing key safety features Barakah's reactors lack, such as a "core catcher" to literally stop the core of a reactor from breaching the containment building in the event of a meltdown. The reactors are also missing so-called Generation III Defence-In-Depth reinforcements to the containment building to shield against a radiological release resulting from a missile or fighter jet attack.

Both of these engineering features are standard on new reactors built in Europe, says Dorfman.

There have been at least 13 aerial attacks on nuclear facilities in the Middle East - more than any other region on earth.

The vulnerability of critical infrastructure in the Arabian Peninsula was further laid bare last year after Saudi Arabia's oil facilities at Abqaiq and Khurais were attacked by 18 drones and seven cruise missiles - an assault that temporarily knocked out more than half of the kingdom's oil production.

On Saturday, Dorfman reiterated his concern that there is no regional protocol in place to determine liability should an accident or incident at Barakah result in radioactive contamination spreading from the UAE to its neighbours. 

"Given Barakah has started up, because of all the well-rehearsed nuclear safety and security problems, it may be critically important that the Gulf states collectively evolve a Nuclear Accident Liability Convention, so that if anything does go wrong, victim states may have some sort of redress," Dorfman told Al Jazeera. 

The UAE has substantial oil and gas reserves, but it has made huge investments in developing alternative energy sources, including nuclear and solar.

Experts though have questioned why the UAE - which is bathed in sunlight and wind - has pushed ahead with nuclear energy - a far more expensive and riskier option than renewable energy sources.

When the UAE first announced Barakah in 2009, nuclear power was cheaper than solar and wind. But by 2012 - when the Emirates started breaking ground to build the reactors - solar and wind costs had plummeted dramatically.

Between 2009 and 2019, utility-scale average solar photovoltaic costs fell 89 percent and wind fell 43 percent, while nuclear jumped 26 percent, according to an analysis by the financial advisory and asset manager Lazard.

There are also concerns about the potential for Barakah to foment nuclear proliferation in the Middle East - a region rife with geopolitical fault lines and well-documented history of nuclear secrecy.

The UAE has sought to distance itself from the region's bad behaviour by agreeing not to enrich its own uranium or reprocess spent fuel. It has also signed up to the United Nation's nuclear watchdog's Additional Protocol, significantly enhancing inspection capabilities, and secured a 123 Agreement with the United States that allows bilateral civilian nuclear cooperation.

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News Network
May 7,2020

Dubai, May 7: Saudi Arabia will emerge as the victor of the oil price war that sent global crude markets into a spin last month, according to two experts in the energy industry.

Jason Bordoff, professor and founding director of the Center for Global Energy policy at New York’s Columbia University, said: “While 2020 will be remembered as a year of carnage for oil nations, at least one will most likely emerge from the pandemic stronger, both economically and geopolitically: Saudi Arabia.”

Writing in the American publication Foreign Policy, Bordoff said that the Kingdom’s finances can weather the storm from lower oil prices as a result of the drastically reduced demand for oil in economies under pandemic lockdowns, and that it will end up with higher oil revenues and a bigger share of the global market once it stabilizes.

Bordoff’s view was reinforced by Sir Mark Moody-Stuart, former chairman of Royal Dutch Shell and one of the longest-standing directors of Saudi Aramco. In an interview with the Gulf Intelligence energy consultancy, he said that low-cost oil producers such as Saudi Arabia would emerge from the pandemic with increased market share.

“Oil is the only commodity where the lowest-cost producers have contained their production and allowed high-cost producers to benefit. When demand recovers this year or next, we will emerge from it with the lowest-cost producers having increased their market share,” Moody-Stuart said.

Bordfoff said that it would take years for the high-cost American shale industry to recover to pre-pandemic levels of output. “Depending on how long oil demand remains depressed, US oil production is projected to decline from its pre-coronavirus peak of around 13 million barrels per day.

“Shale's heady growth in recent years (with production growing by about 1 million to 1.5 million barrels per day each year) also reflected irrational exuberance in financial markets. Many US companies struggling with uneconomical production only managed to stay afloat with infusions of cheap debt. One quarter of US shale oil production may have been uneconomic even before prices crashed,” he said.

Moody-Stuart said that recent statements about cuts to the Saudi Arabian budget as a result of falling oil revenues were “an important step to wean the population of the Kingdom off an entitlement feeling. It means that everybody is joining in it.”

The former Shell boss said that other big oil companies would follow Shell’s recent decision to cut its dividend for the first time in more than 70 years. But he added that Aramco would stick by its commitment to pay $75 billion of dividends this year.

“When a company looks at its forecasts it looks ahead for one year, so for this year it (the dividend) is fine,” he said.

Bordoff added that Saudi Arabia’s action in cutting oil production in response to the pandemic would improve its global position.

“Saudi Arabia has improved its standing in Washington. Following intense pressure from the White House and powerful senators, the Kingdom’s willingness to oblige by cutting production will reverse some of the damage done when it was blamed for the oil crash after it surged production in March,” he said.

“Only a few weeks ago, the outlook for Saudi Arabia seemed bleak. But looking out a few years, it’s difficult to see the Kingdom in anything other than a strengthened position,” Bordoff said.

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