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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
June 30,2020

Six months since the new coronavirus outbreak, the pandemic is still far from over, the World Health Organization said Monday, warning that "the worst is yet to come".

Reaching the half-year milestone just as the death toll surpassed 500,000 and the number of confirmed infections topped 10 million, the WHO said it was a moment to recommit to the fight to save lives.

"Six months ago, none of us could have imagined how our world -- and our lives -- would be thrown into turmoil by this new virus," WHO chief Tedros Adhanom Ghebreyesus told a virtual briefing.

"We all want this to be over. We all want to get on with our lives. But the hard reality is this is not even close to being over.

"Although many countries have made some progress, globally the pandemic is actually speeding up.

"We're all in this together, and we're all in this for the long haul.

"We will need even greater stores of resilience, patience, humility and generosity in the months ahead.

"We have already lost so much -- but we cannot lose hope."

Tedros also said that the pandemic had brought out the best and worst humanity, citing acts of kindness and solidarity, but also misinformation and the politicisation of the virus.

In an atmosphere of global political division and fractures on a national level, "the worst is yet to come. I'm sorry to say that," he said.

"With this kind of environment and condition, we fear the worst."

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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Agencies
July 18,2020

Days after Twitter accounts of several billionaires were hacked to engineer a crypto scam, Twitter on Saturday said it is embarrassed, disappointed and, more than anything, sorry for what happened with some of its high-profile users as attackers successfully manipulated its employees and used their credentials to access internal systems, including getting through the two-factor protections.

In the first detailed summary of the "social engineering attack" via a crypto scam that hit at least 130 users this week, Twitter said for 45 of those accounts, the attackers were able to initiate a password reset, login to the account and send Tweets.

"We are continuing our forensic review of all of the accounts to confirm all actions that may have been taken. In addition, we believe they may have attempted to sell some of the usernames," the micro-blogging platform said in a statement.

For up to eight of the Twitter accounts involved, the attackers took the additional step of downloading the account's information via "Your Twitter Data" tool.

This is a tool that is meant to provide an account owner with a summary of their Twitter account details and activity.

"We are reaching out directly to any account owner where we know this to be true. None of the eight were verified accounts," said Twitter.

The company said the attackers were not able to view previous account passwords, as those are not stored in plain text or available through the tools used in the attack.

"Attackers were able to view personal information including email addresses and phone numbers, which are displayed to some users of our internal support tools," informed Twitter.

In cases where an account was taken over by the attacker, they may have been able to view additional information, Twitter added, saying its forensic investigation of these activities was still ongoing.

"We are actively working on communicating directly with the account-holders that were impacted".

The company said it will soon restore access for all account owners who may still be locked out as a result of the remediation efforts.

The New York Times reported on Friday that the Twitter crypto scam can be traced back to a group of hackers who congregate online at OGusers.com, a username-swapping community where people buy and sell coveted online handles.

The report said that the Twitter hack is not from Russian, Chinese or North Korean hackers but was done by a group of young people, "one of whom says he lives at home with his mother".

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