Saudi Cabinet throws its support for inter-Arab investments

April 25, 2017

Riyadh, Apr 25: The Cabinet on Monday threw its support to the Arab finance ministers in their call for diversification of income sources and to promote inter-Arab investments during their meeting in Rabat.

Saudi3The Cabinet also gave their support for the finance ministers’ urging to improve the regional business environment, enhance regional economic integration and attract foreign investments.

The Cabinet’s endorsement occurred during its regular weekly meeting presided over by King Salman at Al-Yamamah Palace.

Members also focused on the Kingdom’s permanent position at the UN Security Council in its support to the Palestinian people to obtain their rights including self-determination and the establishment of an independent Palestinian state on the occupied Palestine lands, including Al-Quds, in accordance with the UN Charter and its resolutions. They also formally recalled for the record the Kingdom’s call for the Israeli withdrawal from all occupied Arab lands and to stop building settlements on the Palestinian lands since they are illegal settlements and detrimental to peace.

In other matters, the Cabinet expressed Kingdom’s thanks to the Iraqi government for its efforts in releasing the kidnapped Qataris and two Saudis.

Cabinet members also expressed the Kingdom’s strong condemnation of the terror attacks at a military base in Afghanistan, which resulted in a number of deaths and injuries, and another one that killed a police officer in Paris.

Locally, the Cabinet expressed thanks and appreciation to King Salman for issuing royal decrees on the new appointments in a number of government agencies.

The Cabinet said the restoration of the suspended or canceled financial allowances for civil servants and military personnel, based on the recommendation of deputy crown prince, demonstrated the king’s willingness to care for the public.

The king expressed thanks and appreciation to former officials for welcoming the newly-appointed officials.

The Cabinet also lauded the king’s directives on the establishment of the national security center and the payment of two months’ salary for participants in the frontlines of the “decisive storm” and “restoration of hope” operations of the personnel of the ministries of interior, defense, national guard and public intelligence.

The Cabinet also praised the king’s decision on ending exams of the second term for general and higher education before the start of the holy month of Ramadan. The decision, the Cabinet said, showed cohesion between the leadership and citizens.

Later, the Cabinet approved a series of decisions.

The Cabinet approved a memo of understanding between the ministries of health of Saudi Arabia and South Korea for cooperation in the health areas.

The Cabinet authorized the minister of labor and social development to discuss with the South Africa a draft memo of understanding on labor issues between two countries.

The Cabinet authorized the minister of transport and board chairman of the General Authority of Civil Aviation (GACA) to sign two draft agreements between Saudi Arabia and the governments of Benin and Djibouti in the area of air transport services.

The Cabinet approved a cooperation agreement on sea transport and seaports between the Saudi and Egyptian governments.

The Cabinet approved a memo of understanding for cooperation in agricultural areas between the Saudi and Egyptian ministries of agriculture.

The Cabinet agreed that the appointment of members of board of directors of Saudi Basic Industries Corp. (SABIC), who represent the government including board chairman and his deputy, be made through the general assembly of the company.

The Cabinet agreed the continuation of payment of overtime work for those occupying health jobs in hospitals, medical centers and labs at 20 percent for three years.

The Cabinet approved amendments on some articles of the Officer Service System.

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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

Comments

Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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News Network
April 18,2020

Dubai, Apr 18: Saudi Arabia has reported 1,132 new coronavirus cases, taking the total number of confirmed COVID-19 patients to 8,274, the Ministry of Health revealed on Saturday.

The ministry has also announced five more deaths from the virus, taking to 92 the Kingdom’s death toll.

Recoveries
As for recoveries, 280 new recoveries were reported, pushing the total number of patients recovered to 1,329.

The ministry revealed that 79 per cent of today’s cases are expatriates and that 65 per cent of the cases were detected through intensified and active COVID-19 screening in densely-populated areas.

A total of 201 patients of Saturday’s cases have contracted the disease due to being in contact with existing cases, the ministry added.

The new infected cases have been placed under complete isolation and they are receiving necessary medical care, an official from the ministry said.

He affirmed that medical teams are intensifying efforts and screening tests in workers' neighbourhoods and accommodations in order to limit the spread of the disease.

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Agencies
February 5,2020

Paris, Feb 5: Saudi Arabia has reported an outbreak of the highly pathogenic H5N8 bird flu virus on a poultry farm, the World Organisation for Animal Health (OIE) said on Tuesday, February 4.

The outbreak, which occurred in the central Sudair region, killed 22,700 birds, the OIE said, citing a report from the Saudi agriculture ministry.

The other 385,300 birds in the flock were slaughtered, it said.

The case was the first outbreak of the H5N8 virus in Saudi Arabia since July 2018.

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