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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
July 31,2020

Dubai, Jul 31: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia tweeted early on Friday sending congratulations to everyone on Eid Al Adha.

"I congratulate everyone on the blessed Eid Al Adha. May Allah [grant us another Eid where we will be in] good, blessings, health, and wellness," King Salman said.

"We also ask [God] to accept the pilgrimage of those who completed Haj, and [to accept] Muslims' prayers, and to remove the coronavirus pandemic in our countries," he added.

King Salman left King Faisal hospital in Riyadh after recovering on Thursday, the Saudi Press Agency (SPA) reported on Thursday.

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News Network
April 25,2020

Riyadh, Apr 25: Saudi Arabia announced nine deaths and 1,197 new cases of the COVID-19 virus on Saturday.

Of these cases, 120 were recorded in Madinah, 364 in Makkah, 271 in Jeddah, 170 in Riyadh and 43 in Dammam.

The number of people who had recovered from the coronavirus in the Kingdom increased to 2,214 after 165 patients were reported to have recovered.

A total of 136 people have died of the disease in the Kingdom so far.

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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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