Support for Palestinian refugees religious duty, says Riyadh

November 15, 2016

Riyadh, Nov 16: The Cabinet, chaired by Custodian of the Two Holy Mosques King Salman at Al-Yamamah Palace, on Monday reaffirmed Saudi Arabia’s continued support for Palestinian refugees out of the Kingdom’s belief that it is a religious and humanitarian duty.

RiyadhThe Cabinet reviewed a number of issues and the latest developments at regional and international levels, including Saudi Arabia’s affirmation at the UN of its continued support for Palestinian refugees and for the UN Relief and Works Agency for Palestine Refugees (UNRWA) to achieve their humanitarian objectives.

The Cabinet reiterated that Saudi Arabia will continue to provide care to more than five million Palestinians; the Kingdom tops the list of main donors to their cause.

The Cabinet also discussed the speech delivered at the UN by the Kingdom’s representative on behalf of the Arab group on Article 50 on the report of the Special Committee to Investigate Israeli practices affecting the human rights of the Palestinian people, during which it expressed its deep concern about the escalation of violence, acts of provocation and aggression by Israeli occupation forces and terrorist settlers against Palestinians.

The Cabinet deplored Israel’s persistence in challenging UN resolutions, and reiterated that the Kingdom welcomes the French initiative calling for an international peace conference, according to the terms of reference of the peace process, particularly the Arab Peace Initiative.

The Cabinet also expressed appreciation for the measures taken by the first meeting of the Commission of Economic and Development Affairs of the Gulf Cooperation Council (GCC), established upon the directive by King Salman with the aim of enhancing joint Gulf action.

Acting Minister of Culture and Information Dr. Essam bin Saad bin Saeed said that the Cabinet fully supports the view of Deputy Crown Prince Mohammed bin Salman, second deputy premier, minister of defense and chairman of the Council of Economic and Development Affairs, that the GCC countries should unite to become a strong bloc. The Cabinet endorsed the views of the deputy crown prince, who said that the GCC has the opportunity to be the sixth biggest economy in the world if its members work properly in the coming years and take advantage of opportunities in this era of economic fluctuations.

The Cabinet commended the Council of Economic Development Affairs for having decided, during its meeting, to have the public treasury settle the debts owed to the private sector before the end of the current fiscal year.

The King briefed the Cabinet on the phone call he made to US President-elect Donald Trump upon winning the presidential election, during which he said that the Kingdom is looking forward to enhancing historical and strategic relations with the US and working together to achieve peace and stability in the Middle East and the world.

He also briefed the Cabinet about his talks with US Chairman of the Joint Chiefs of Staff Gen. Joseph Dunford, with whom he discussed bilateral cooperation and recent developments in the region.

Earlier, at the start of the meeting, the members of Cabinet presented condolences to King Salman and the royal family on the death of Prince Turki bin Abdulaziz. The king thanked and expressed appreciation to the leaders, envoys, princes, scholars, senior officials and citizens who offered their condolences.

The Cabinet also condemned the attacks that targeted the French Embassy in Athens, the German Consulate in Mazar-e-Sharif in Afghanistan and the bombing in the Hab area of Balochistan, Pakistan.

It approved an agreement between the Kingdom and Gabon doing away with double taxation on income and preventing tax evasion, agreements of cooperation between the Kingdom, and Mexico and Mozambique, and an agreement on the recruitment of domestic helpers from Bangladesh.

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News Network
July 20,2020

Abu Dhabi, Jul 20: The United Arab Emirates launched its first-ever interplanetary Hope Probe mission to Mars from Japan's Tanegashima Space Centre at 01:58 a.m. (local time) on Monday.

"United Arab Emirates (UAE) launches its first mission to Mars, the 'Hope Mars Mission' from Japan's Tanegashima Space Center," UAE Space Agency said on its Twitter page.

The spacecraft is expected to reach Mars orbit in about 200 days from now and then begin its mission to study the Red Planet's atmosphere, WAM news agency reported.

Once it enters Mars' orbit in the first quarter of 2021, the Hope probe will mark the UAE's 50th anniversary.

The probe will travel 493 million kilometres into space in a journey that will take seven months, and will orbit the Red Planet for one full Martian year of 687 days to provide the first truly global picture of the Martian atmosphere.

The Hope probe will be the first to study the Martian climate throughout daily and seasonal cycles. It will observe the weather phenomena on Mars such as the massive famous dust storms that have been known to engulf the Red Planet, as compared to the short and localised dust storms on Earth.

It will also examine the interaction between the upper and lower layers of the Martian atmosphere and causes of the Red Planet's surface corrosion, as well as study why Mars is losing its upper atmosphere.

Exploring connections between today's Martian weather and the ancient climate of the Red Planet will give deeper insights into the past and future of Earth as well as the potential of life on Mars and other distant planets.

The Hope Mars Mission is considered as the biggest strategic and scientific national initiative announced by UAE's President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum in 2014. The UAE will be the first Arab nation to embark on a space mission to the Red Planet in a journey that contributes to the international science community as a service to human knowledge.

The interplanetary mission is the first by any West Asian, Arab or Muslim majority country.

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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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News Network
April 29,2020

Dubai, Apr 29: Saudi Arabia reported 1,325 new cases of coronavirus, bringing the total number of infections in the country to 21,402, the Ministry of Health announced on Wednesday (April 28).

Meanwhile, the ministry reported 169 recoveries today, with total recoveries in the kingdom at 2,953. There are 125 cases in intensive care.

The ministry also confirmed 5 deaths, bringing the total number of deaths in the kingdom to 157.

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