Saudi Arabia gives $31 billion aid to 78 countries, Yemen tops list

Arab News
June 22, 2018

Jeddah, Jun 22: Since the foundation of Saudi Arabia, its wealth has not been limited to its citizens but has been spread throughout most of the world.

It has provided humanitarian aid, charitable grants and soft loans to countries regardless of color or race. The Kingdom has always been one of world’s top providers of aid.

To highlight the Kingdom’s effort internationally and to preserve its right to give in the same way as the major donor countries, King Salman issued a royal decree, under the guidance of the King Salman Humanitarian Aid and Relief Centre (KSRelief), to establish a database of Saudi aid, including the Kingdom’s humanitarian assistance in coordination with the relevant authorities.

The center worked on the design and prepared the platform for the registration of humanitarian, development and philanthropic projects and contributions based on international standards in the registration and documentation of the Development Assistance Committee of the Organization for Economic Cooperation and Development (DAC-OECD), and the UN's Financial Tracking Service (UNFTS) and the International Aid Transparency Initiative (IATI).

Saudi aid is in cash and in-kind  assistance, provided in humanitarian and charitable grants and soft loans to promote development. The aid data also includes payments and subsequent financial commitments.

Saudi donors have been trained to provide and classify the aid in three phases: The first 10 years (2007-2017) — the current phase — the second phase (1996-2006) and the third phase, which includes the rest of the assistance provided since the establishment of the Kingdom.

The Kingdom has a long history in a variety of sectors and fields, where it is called the Kingdom of Humanity and its name is associated with issues that call for peace and giving.

The Kingdom’s humanitarian tenders in accordance with the official Saudi Aid Platform in its current phase (2007-2017) has reached a total of $32.83 billion.

The number of the Kingdom’s humanitarian, development and philanthropic projects reached 1,084, with a total of $31.90 billion for 78 benefiting countries.

The financial contributions to international organizations and entities included (489) contributions totaling $929,711,258 to 37 beneficiaries. Development aid amounted to $493.88 billion and humanitarian aid to $353.440 billion, while philanthropic aid reached $82.381 billion.

The top five recipient countries of aid from Saudi Arabia are: Yemen, with a total of $14 billion for 290 projects, followed by Syria with a total of $3 billion/153 projects, Egypt was ranked third with a total of $2 billion/20 projects, while Niger was ranked fourth with a total of $1.230 billion/7 projects and Mauritania was ranked fifth with 14 projects and a total of $1.219 million.

The top five beneficiaries of the Kingdom were the UN with 45 contributions totaling $303.37 million, the General Secretariat of the Cooperation Council for the Arab States of the Gulf with 23 contributions totaling $225.849 million, the League of Arab States with 28 contributions totaling $140.810 million, the UN Development Program with 24 contributions totaling $80.200 million and the Organization of Islamic Cooperation with 21 contributions totaling $48.395 million.

The official public statistics of Saudi humanitarian, development and philanthropic projects to serve the continents and regions worldwide have reached more than $21.165 billion in Asia, $9.810 billion in Africa, $379 million in Europe, $376 million in North America and $170 million in Europe and Central Asia.

The number of partners was 192, the number of sectors was 20 and Saudi donors amounted to 10 entities, where the value of development aid amounted to $21 billion, humanitarian aid was $21 billion, while philanthropic donations amounted to $39 billion.

The top 10 projects have reached the highest level by sector, including humanitarian aid relief aid in emergency cases by 69 percent for 716 projects, transportation with 73 projects, religious and social philanthropic activities with 62 projects, education with 60 projects, health with 42 projects, water and public health with 29 projects, power generation and supply with 20 projects in addition to other projects.

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News Network
April 29,2020

Mumbai, Apr 29: Irrfan Khan, one of India's finest and most versatile actors, lost his battle with a rare form of cancer and died in a Mumbai hospital on Wednesday, a statement from his family said. He was 54

Irrfan, who was diagnosed with neuroendocrine tumour in 2018, is survived by his wife Sutapa and his sons Babil and Ayaan.

It is the second tragedy for the family in less than a week. The ?Maqbool? actor lost his mother, 95-year-old Saeeda Begum, in Jaipur just four days ago and could not attend the funeral because of the nationwide lockdown.

Irrfan, that rare actor who straddled multiple worlds, making his mark in both international and Indian cinema in roles intense and light-hearted, was admitted to the intensive care unit of the Kokilaben Dhirubhai Ambani Hospital with a colon infection

?It's saddening that this day, we have to bring forward the news of him passing away. Irrfan was a strong soul, someone who fought till the very end and always inspired everyone who came close to him. After having been struck by lightning in 2018 with the news of a rare cancer, he took life soon after as it came and he fought the many battles that came with it,? the statement from his family said

?Surrounded by his love, his family for whom he most cared about, he left for heavenly abode, leaving behind truly a legacy of his own. We all pray and hope that he is at peace. And to resonate and part with his words he had said, 'As if I was tasting life for the first time, the magical side of it',? it added.

The news of his death was first confirmed by his "Piku" director Shoojit Sircar who sent his condolences to the family and doffed his hat to the actor's fighting spirit

"My dear friend Irfaan. You fought and fought and fought. I will always be proud of you.. we shall meet again.. condolences to Sutapa and Babil.. you too fought, Sutapa you gave everything possible in this fight. Peace and Om shanti. Irfaan Khan salute," the director said on Twitter.

Irrfan's death came the morning after news that he had been admitted to the ICU with a colon infection.

The self-effacing National Award winner, who acted in films as diverse as ?Life of Pi?, ?The Namesake? and ?Haasil?, had stayed away from the public eye after his diagnosis in 2018 when he went to the UK for treatment.

He returned home in 2019 and shot for "Angrezi Medium", the sequel to his 2017 hit "Hindi Medium". However, his health condition prevented him from promoting the movie, which hit the theatres in March just before the lockdown that began on March 25.

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Agencies
February 10,2020

New Delhi, Feb 10: The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100% stake with management control and has invited the Expression of Interest for the same by March 16.

The selected bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL, the PIM (Preliminary Information Memorandum) said.

"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, said.

The process for the transaction has been divided into two stages, namely, Stage I and Stage II.

After BPCL and Air India, this is yet another CPSE which government is slated to privatise if it gets offers from bidders.

The government has set a challenging target of Rs 2.1 lakh crore disinvestment proceeds from CPSE sell-offs and IPOs, OFSs (Offer for sale) in the next fiscal and it going out all guns blazing to meet that target after revising this fiscal target of Rs 1.05 lakh crore to Rs 65,000 crore.

The Interested Bidders (which can also include employees of CEL) must have a minimum net worth of Rs 50 crore as on March 2019. DIPAM has released complete invitation Preliminary Information Memorandum (PIM) of CEL. Resurgent India Limited is the advisor to the Transaction.

CEL is a pioneer in the country in the field of Solar Photovoltaic (SPV) with the distinction of having developed India's first Solar cell in 1977 and first Solar panel in 1978 as well as commissioning India's first solar plant in 1992.

More recently, it has developed and manufactured the first crystalline flexible solar panel especially for use on the passenger train roofs in 2015.

Its solar products have been qualified to International Standards IEC 61215/61730. CEL is further working on development of a range of new and upgraded products for signaling and telecommunication in the railway sector.

In the SWOT analysis of the CPSE, DIPAM has stated under weakness that "the company has weak financial loss due to past losses, high manufacturing cost and non payment of dues by state nodal agencies affecting the financial position of the company".

The CPSE has adequate land for expansion, the SWOT analysis said adding "the CPSE faces threat of dumping of solar cells at very low rates which makes solar PV manufacturing industry unviable".

Entry of new players in the market for solar products and railway signalling systems also is cited as a threat.

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News Network
January 7,2020

Jan 7: Body of the senior Iranian military commander, Qasem Soleimani killed in a U.S. drone strike in Iraq last week, has arrived in his home town of Kerman in southeast Iran for burial, the official IRNA news agency said on Tuesday.

State TV broadcast live images of thousands of people in the streets of the town, many of them dressed in black, to mourn Soleimani's death.

Soleimani was widely seen as Iran’s second most powerful figure behind Supreme Leader Ayatollah Ali Khamenei, 80, who wept in grief along with hundreds of thousands of mourners who thronged the streets of Tehran for Soleimani’s funeral on Monday.

Khamenei led prayers at the funeral in the Iranian capital, pausing as his voice cracked with emotion. Soleimani, 62, was a national hero even to many who do not consider themselves supporters of Iran’s clerical rulers.

He was killed while leaving Baghdad airport last Friday. Mourners packed the streets, chanting: “Death to America!” - a show of national unity after anti-government protests in November in which many demonstrators were killed.

The crowd, which state media said numbered in the millions, recalled the masses gathered in 1989 for the funeral of the Islamic Republic’s founder, Ayatollah Ruhollah Khomeini.

The killing of Soleimani has prompted fears around the world of a broader regional conflict, as well as calls in the U.S. Congress for legislation to keep President Donald Trump from going to war against Iran.

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