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Saudi Arabia has zero tolerance for all forms of terrorism

September 21, 2016

Jeddah, Sep 21: The Kingdom takes a firm stance against all forms of terrorism whether at the local or international level. It takes significant concrete steps in the fight against the dangerous phenomenon and its devastating consequences. In addition to its leadership at conferences and meetings, Saudi Arabia was the first country to sign a treaty against international terrorism at the OIC in May of 2000.

Saudi

The clear efforts carried out by the Kingdom have earned it accolades, most recently two days ago at the 71st Session of the United Nations General Assembly.

UN Secretary-General Ban Ki-moon expressed his appreciation for the Kingdom’s efforts and contributions to the fight against terrorism in a statement by deputy spokesman Farhan Haq.

“I emphasize the appreciation of the secretary-general for the contributions made by the Kingdom to the fight against terrorism, including its funding for the Counterterrorism Center,” he said. The Kingdom has provided more than $110 million in funding for the center established in 2011.

On the local level, the Kingdom has fought terrorism by increasing and improving preventative security measures as well as through the actions of security personnel in security confrontations with terrorists.

Saudi security personnel have achieved remarkable results in dealing with such criminals without endangering the lives of citizens living in neighborhoods where the terrorists hide. A remarkable 95 percent of terrorist operations have been thwarted, thanks to a comprehensive security strategy put in place by security authorities. Authorities have also been able to weaken the means of funding and support for the terrorists who also present a danger similar to those carrying out operations on the ground.

The Kingdom has made significant efforts in fighting money laundering by amending its anti-money laundering regulations issued in Royal Order No. M/31 on 11/5/1433 to include many additional and applicable local and international requirements. The Kingdom also hosted a number of conferences, seminars, and training which dealt with money laundering, such as the 15th meeting of the Financial Action Task Force for the Middle East and North Africa in April 2012 in Jeddah.

Through other measures, the Kingdom has improved the means to organize and monitor the entry and exit of funds in order to ensure that funds are documented and bankers keep records of buyers and sellers. Inspections and supervision of money exchange companies are a regular occurrence.

Through its Standing Committee on Anti-Money Laundering, chaired by the Saudi Arabian Monetary Ageny (SAMA) governor, the Kingdom has also formed four working teams concerned with risk, applicants, mutual assessments, and statistics, in order to be aware of developments related to these issues and take practical steps to apply recommendations.

On the international level, the Kingdom has worked to stop the flow of resources of to terrorism and has fought Daesh as part of an international coalition to combat terrorist groups. The Kingdom has monitored for years the actions of such groups in surrounding countries, and has taken steps to close down organizations that fund these organizations under the cover of charity. Additional laws have been passed criminalyzing the funding of terrorism. The Islamic Coalition of 40 states committed to the fight against terrorism recently selected Riyadh to host its meeting to address bilateral efforts in this regard.

The Kingdom also played a prominent role in recent years in helping uncover terror plots and the infiltration of terrorist elements into European cities. In October 2015, British Prime Minister David Cameron revealed his country had received information from the Kingdom about a suicide bombing in London; in 2010, information from the Kingdom uncovered a terrorist attack using bombs on a ship from Yemen to the United States. At the time, President Obama thanked the Kingdom for its role in preventing the planned operation. Security officials from the Kingdom also met with their German counterparts to exchange information and about a terrorist attack that occurred in Germany when the perpetrator had used a Saudi telephone line to contact a Daesh member.

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Agencies
June 9,2020

Dubai, Jun 9: Dubai's Emirates airline has begun laying off employees to reduce cost and save cash as the carrier looks to rightsize its workforce.

"We at Emirates have been doing everything possible to retain the talented people that make up our workforce for as long as we can. However, given the significant impact that the pandemic has had on our business, we simply cannot sustain excess resources and have to rightsize our workforce in line with our reduced operations. After reviewing all scenarios and options, we deeply regret that we have to let some of our people go," the spokesperson said in the statement.

Citing sources, Reuters and Bloomberg earlier reported that a majority of those being made redundant are cabin crew workers as well as a minority of its engineers and pilots, including those flew the Airbus A380.

"This was a very difficult decision and not one that we took lightly. The company is doing everything possible to protect the workforce wherever we can. Where we are forced to take tough decisions we will treat people with fairness and respect. We will work with impacted employees to provide them with all possible support," said the statement.

The spokesperson, however, didn't disclose how many employees are being made redundant in this latest round of rightsizing the workforce.

Emirates on Sunday confirmed that it extended the period of reduced pay for its staff for another three months till September. It had previously reduced basic wages by 25 to 50 per cent for three months from April, with junior employees exempted.

The airline had employed around 60,000 people at the end of its 2019-20 financial year.

Saj Ahmad, chief analyst at StrategicAero Research, said the announced job cuts at Emirates will likely not be the last given the unprecedented damage that Covid-19 has had not just on air travel, but on the entire aviation industry as a whole.

"Emirates' massive international network means that job reductions were always a last resort option as the company staves off cash burn and expenses at a time when revenues are dried up. While Emirates SkyCargo is enjoying a resurgence in activities, the reality is that this income will never offset the lost money from passenger operations," he added.

"Whilst some salary reduction schemes have prevented bigger job cuts for now, the absence of a cure or medicinal suppressant of Covid-19 means that air travel is unlikely to even reach pre-9/11 levels within 3-5 years, let alone pre-Covid-19 levels in that same time period. For that reason, Emirates' reduction in headcount is necessary to stay competitive, agile and be ready for when air travel can resume with a degree of normalcy that we have been accustomed to for decades," said Ahmad.

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Agencies
July 31,2020

Jeddah, Jul 31: Hajj 2020 pilgrims arrived in Muzdalifah Thursday night to rest after spending the day in Arafat.

Earlier, the pilgrims scaled Mount Arafat to pray and repent, as a highly unusual Hajj approached its climax. They listened to a sermon delivered by Sheikh Abdullah Al-Manea and prayed Dhuhr and Asr prayers together at the Al-Namirah Mosque in Arafat.

This year’s pilgrimage is the smallest in modern times, after the number of participants was greatly restricted to prevent the spread of the coronavirus. 

Tight security was in place around the foot of the rocky hill outside Makkah, also known as Jabal Al-Rahma or Mount of Mercy, in preparation for the high point of the annual ritual.

Video footage shown on state television showed the pilgrims setting off on their climb to the summit. They wore face masks and observed strict social-distancing rules imposed by Saudi authorities.As sprinklers sprayed water on them to provide relief from the summer desert heat, the pilgrims raised their palms as they climbed the slopes of the hill — the site of Prophet Muhammad’s last sermon. When they reached the top they recited holy verses and prayed for forgiveness for their sins.

Earlier, the pilgrims were taken in buses from Mina to Mount Arafat. Strict precautionary measures were in place, with each group accompanied by security teams, ambulances and civil defense vehicles. 

When they arrived, their temperatures were checked before they entered Namirah Mosque to hear a sermon that was translated into 10 languages.

“The camps were set up for pilgrims in Arafat early on,” said Minister of Hajj and Umrah Muhammad Salih Bentin. The sermon at Namirah Mosque was delivered by Sheikh Abdullah Al-Manea, who led the pilgrims in noon and afternoon prayers.

“During Hajj this year, we reiterate that it is essential for pilgrims, as well as everyone assisting them, to adhere to the precautionary regulations that have been implemented,” Al-Manea, a member of the Council of Senior Scholars, said during his sermon. “This is to be done for their own safety.

“Precautions have been put in place to protect lives against the damage that the pandemic can cause, and also to actualize Islam’s teachings pertaining to safeguarding human life by Allah’s permission.”

The stay in Arafat is described as the pinnacle of Hajj and Muslims around the world reflect the actions of pilgrims by asking for forgiveness and praying for their deepest desires.
Pilgrims left Arafat in coaches for Muzdalifah after sunset and will pray the Maghrib and Isha prayers there.

After sunset prayers, the pilgrims made their way down Mount Arafat to Muzdalifah, where they will spend the night before the final Hajj ritual, the symbolic stoning of the devil. 

This year, each pilgrim received sanitized pebbles in advance of the event on Friday, which is the first day of Eid Al-Adha.
This year the Kingdom faced the unprecedented challenge of ensuring pilgrims attending Hajj were protected as much as possible from the risks of the coronavirus.

They will then sleep, pray the Fajr prayer there tomorrow and then leave for Mina.

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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.

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