Proud to create partnerships with Muslims all over the world: Saudi

Arab News
September 17, 2017

Sao Paulo, Sept 17: Saudi Minister of Islamic Affairs, Call and Guidance Saleh Al-Asheikh said the Saudi government and people are proud to communicate and create partnerships with Muslims all over the world, notably Latin America, in serving Islam and strengthening the moderate approach of Islam.

The minister’s remarks came at the opening of the 30th session of the International Conference of Latin American and Caribbean Muslims which started in Sao Paulo, Brazil, on Friday. The ministry’s undersecretary, Sheikh Abdulrahman bin Ghannam Al-Ghannam, who is leading Saudi delegation at the conference, addressed the conference on behalf of the minister.

He said the Kingdom used to support the moderate Islamic approach which combines preservation of originality and constant Islamic teachings; promotes good dealing with Muslim and non-Muslims, irrespective of their sects and religions; strives for positive interaction in serving the security, stability and coexistence of societies; and faces all risks that could distort the good image of Islam or stir up divisions and spread hatred among communities.

Al-Ghannam also lauded the good message and objectives of the conference which are represented in deepening the Islamic identity through the family, mosques, and Islamic, educational and media institutions, as well as the enhancement of communication between the Islamic institutions in the Latin American and the Caribbean countries.

He said the session comes in light of critical conditions and changes at the world level and big challenges facing Muslims which require enormous efforts to preserve the Islamic identity.

For his part, the director of the Islamic Call Center in Latin American and the Caribbean countries, Ziyad bin Ahmed Al-Saifi, welcomed the Saudis and other delegates to the conference. He lauded the Saudi ministry’s efforts in organizing the current 30th session and the Kingdom’s continued efforts to support Muslim minorities and spread Islamic teachings.

Addressing the conference, Brazilian Parliament member Antonio Gollart affirmed the importance of the conference at it deals with a topic concerning humanity in general. He also expressed his admiration over the teachings of Islam which guarantee the rights of families and protects their original values and customs.

Palestinian Ambassador in Brazil Ibrahim Al-Zain also addressed the conference and appreciated the efforts of the Saudi government in supporting issues of Islam and Muslims around the world.

Sheikh Ahmed Al-Marzouq, from Lebanon, gave an address on behalf of the preachers participating in the conference. He expressed thanks to the Kingdom for its concern over the Islamic call and Saudi Ministry of Islamic Affairs’ support to preachers in different parts of the world.

For his part, adviser to the Palestinian president for religious affairs, Mahmoud Al-Habbash, stressed the importance of human communication and building of one humanitarian family based on the principles of tolerance, love and brotherhood with their different religions and faiths.

The head of the Women’s Section at the Islamic Call Center in Latin American and Caribbean countries, Braa bint Ahmed Al-Saifi, appreciated the Kingdom’s efforts in sponsoring the current 30th session and its continued support to Muslim minorities in different parts of the world.

Bishop of Sao Paulo Carlos Lima Garcia also addressed the event and conveyed his greetings to leaders, scholars and preachers. He said the divine religions share with Islam its concern over families, their ethics, and youths and their protection from what is harmful to their societies.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 19,2020

Abu Dhabi: The United Arab Emirates today reported 873 new coronavirus cases, pushing the total number of COVID-19 infections in the country to 25,063.

Three more people have died from the virus, bringing the total death toll to 227, the ministry revealed, adding that a total of 1,214 COVID-19 patients have made full recovery, which takes the overall number of patients recovered to 10,791.

The latest coronavirus patients, all of whom are in a stable condition and receiving the necessary care, were identified after conducting more than 38,000 additional COVID-19 tests among UAE citizens and residents over the past few days, the ministry said.

It expressed its sincere condolences to the families of the deceased and wished a speedy recovery to all patients, calling on the public to cooperate with health authorities and comply with all precautionary measures, particularly social distancing protocols, to ensure the safety and protection of the public.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 11,2020

Riyadh, Mar 11: Energy titan Saudi Aramco said Tuesday it will boost crude oil supplies to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia.

Riyadh had already slashed its price for April delivery after Russia refused its proposal that producer alliance OPEC+ orchestrate a co-ordinated cut of 1.5 million barrels per day.

The production cut had been mooted to shore up global oil prices, which have gone into meltdown as the deadly new coronavirus casts a pall over the world economy, but now price cuts and rising output indicate an unravelling of OPEC+ co-operation.

"Saudi Aramco announces that it will provide its customers with 12.3 million barrels per day of crude oil in April," the company said in a statement to the Saudi stock exchange.

Saudi Arabia, the world's biggest crude exporter has been pumping some 9.8 million bpd so its announcement on Tuesday means it will be adding at least 2.5 million bpd from April.

"The Company has agreed with its customers to provide them with such volumes starting 1 April 2020. The Company expects that this will have a positive, long-term financial effect," the statement said.

Saudi Arabia says it has an output capacity of 12 million bpd but it is not known for how long it can sustain such levels.

The kingdom also has millions of barrels of crude stored in strategic reserves to be used when needed and is expected to use it to provide the extra supply to the global market.

"Production above 12 million bpd shows the Saudis have something to prove," director of Britain-based RS Energy Bill Farren-Price said.

"This is a grab for market share. The taps are open and the prices have been cut sharply," Farren-Price told AFP.

In a quick response, Russian Energy Minister Alexander Novak said Moscow could boost production in the short term "by 200,00-300,000 bpd, with a potential of 500,000 bpd in the near future".

But he stressed that Moscow was in favour of extending a December agreement that had seen OPEC and Russia agree to cut production by 500,000 barrels per day in 2020, lowering output from October 2018 levels by 1.7 million barrels per day.

The events of recent days have signalled a disintegration of collaboration between OPEC and Russia.

Russia is a non-OPEC member and the world's second-biggest oil producer, but Moscow and other non-members have in recent years co-operated with the oil cartel in an arrangement known as OPEC+.

The Saudi price cuts over the weekend, which were the first salvo in the price war, sent oil prices crashing -- registering the single biggest one-day loss in three decades on Monday.

Saudi Arabia draws around 70 per cent of its revenues from oil, and the revenues are key to ambitious reform programmes launched by Crown Prince Mohammed bin Salman.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.